Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 217

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 217
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 to the valuation methodology include quoted prices for similar assets and liabilities in active markets and information that are 
 observable for the asset or liability, either directly or indirectly, for substantially the financial instrument’s full term     |

| ● | Level 3 — inputs                                                                             
 to the valuation methodology are unobservable and significant to the fair value measurement. |

The Company analyzes all
financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity”
and ASC 815.

<div align='center'>F-18</div>

The FASB has introduced
expanded income tax disclosure requirements under ASU 2023-09 to improve transparency. Companies will now need to provide a detailed
reconciliation of their effective tax rate, breaking down federal, state, and foreign taxes, as well as specific categories like tax
credits and foreign earnings. Additionally, businesses must disclose income taxes paid by jurisdiction, offering investors greater clarity
on tax obligations. These changes apply to both public and private companies, with annual reporting periods beginning after December
15, 2024 (2025 for calendar-year entities). This update aims to reduce ambiguity in tax reporting and align disclosures with investor
needs.

A major shift in digital
asset accounting, ASU 2023-08 requires companies to measure certain crypto assets (e.g., Bitcoin, Ethereum) at fair value rather than
applying the previous impairment-only model. This means entities must recognize quarterly fair value adjustments in their financial statements,
increasing volatility in reported earnings but improving transparency. The standard applies to fiscal years beginning after December
15, 2024, and impacts both corporate treasuries and investment firms holding cryptocurrencies. This change aligns GAAP closer to fair
value accounting seen in other investment holdings, addressing criticisms of the old impairment approach.

Save for elsewhere disclosed,
the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material
effect on the Company’s consolidated balance sheet, statement of operations and comprehensive income (loss) and statement of cash
flows.

NOTE 3 — GOING CONCERN.

The accompanying consolidated
financial statements have been prepared assuming that the Company will continue as a going concern. The Company has generated a loss
and suffered from an accumulated deficit of $985,994 as of December 31, 2024. These matters raise substantial doubt about the Company’s
ability to continue as a going concern. Management’s plans with regards to these include but not limited