Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 208

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 208
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Class A ordinary shares with no par value (the “Class A Ordinary Shares”), Class B ordinary shares with no par value and preferred
shares with no par value, at an exchange ratio of one (1) share for twenty (20) shares (the “Reverse Stock Split”). Upon the
opening of the market on February 11, 2025, the Company’s Class A Ordinary Shares will begin trading on the Nasdaq Global Market
(“Nasdaq”) on a post-Reverse Stock Split basis.

On April 15, 2025, the Board
of Directors of the Company approved a reverse stock split of all of the Company’s issued and unissued shares, including the Class
A ordinary shares with no par value (the “Class A Ordinary Shares”), Class B ordinary shares with no par value and preferred
shares with no par value, at an exchange ratio of one (1) share for ten (10) shares (the “Reverse Stock Split”). Upon the
opening of the market on May 5, 2025, the Company’s Class A Ordinary Shares began trading on the Nasdaq Capital Market (“Nasdaq”)
on a post-Reverse Stock Split basis.

In accordance with ASC 505,
the reverse stock split is to be accounted for retrospectively.

The Company adopted ASC Topic 606,
Revenue from Contracts with Customers, and all subsequent ASUs that modified ASC 606 on April 1, 2017 using the full retrospective
method which requires the Company to present the financial statements for all periods as if Topic 606 had been applied to all prior
periods. The Company derives revenue principally from provision of In vitro fertilization (“IVF”) treatment and surrogacy
and ancillary caring services. Revenue from contracts with customers is recognized using the following five steps:

| (1) | identify its contracts with customers;                                                                                                                                                                                                                  |
| (2) | identify its performance obligations under those contracts;                                                                                                                                                                                             |
| (3) | determine the transaction prices of those contracts;                                                                                                                                                                                                    |
| (4) | allocate the transaction prices to its performance obligations in those contracts; and                                                                                                                                                                  |
| (5) | recognize revenue when each performance obligation under those contracts is satisfied. Revenue is recognized when promised services are transferred to the client in an amount that reflects the consideration expected in exchange for those services. |

The Company enters into verbal
agreements with its customers that outline the rights, responsibilities, and obligations of each party. The agreements also identify the
scope of services,