Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 70

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 5
Chunk 70
---
 METHOD FOR FACILITATING CLEANING AREA” in Singapore
with reference Patent No. 10202203801Q on February 22, 2024. The patent claims a system for facilitating cleaning an area comprising
essentially an image capturing module, which would then be analyzed by the software system that decides which cleaning method/device
would be suitable to perform the task or if it would require a human to perform the task instead.

As
of the date of this report, the Company has 12 registered domain names, of which 5 are active.

In
addition to the current intellectual properties in Singapore, the Company also filed for trademarks and patents across Australia, Hong
Kong, and the United States of America. These applications are still in the process of getting awarded by the relevant trademark offices
and patent authorities in each country. The Company plans to continue to build its intellectual property portfolio and have earmarked
trademarks and patent filings in Malaysia, Thailand, New Zealand, and the Middle East.

The
Company has copyright protection in place in areas such as employment agreements, source codes that are stored on a GitHub account, company
distribution agreements as well as copyright notices on affiliated companies’ websites.

D.
Trend information

See
ITEM 5. A “operating results” above for our trend information.

  56  

  Table of Contents  

E.
Critical Accounting Estimates

Management’s
discussion and analysis of our results of operations, liquidity and capital resources is based upon our financial statements. We prepare
our financial statements in conformity with GAAP. Certain of our accounting policies require that we apply significant judgment in determining
estimates and assumptions for calculating estimates. By their nature, these judgments are subject to an inherent degree of uncertainty.
We use, in part, our historical experience, terms of existing contracts, observance of trends in the industry and information obtained
from independent valuation experts or other outside sources to make our judgments. We cannot assure you that our actual results will
conform to our estimates. We regularly evaluate these estimates and assumptions, particularly in areas we consider to be critical accounting
estimates, where changes in estimates and assumptions could have a material impact on our results of operations, financial position and,
generally to a lesser extent, cash flows.

The
following critical accounting policies affect the more significant judgments and estimates used in the preparation of the Company’s
financial statements.

Use
of estimates

The
preparation of financial statements in conformity with GAAP requires management to make certain estimates and