Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 205

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 205
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 methodology
will result in earlier recognition of losses than under the current incurred loss approach, which requires waiting to recognize a loss
until it is probable of having been incurred. There are other provisions within the standard that affect how impairments of other financial
assets may be recorded and presented, and that expand disclosures. Expected credit losses are probability-weighted estimates of credit
losses. Credit losses are measured at the present value of all cash shortfalls (i.e., the difference between the cash flows due to the
entity in accordance with the contract and the cash flows that the Company expects to receive). ECLs are discounted at the effective interest
rate of the financial asset.

Retirement benefits in the
form of mandatory government-sponsored defined contribution plans are charged to either expense as incurred or allocated to wages
as part of cost of revenues.

The Company determines its
reportable segments using the management approach based on internal reporting used by the Chief Operating Decision Maker (“CODM”),
comprising the Chief Executive Officer (CEO) and Chief Financial Officer (CFO), for decision-making, resource allocation, and performance
assessment.

The Company does not distinguish
revenues, costs, or expenses by segments, operational or geographical, but reports them in aggregate. Based on this assessment, management
has determined that the Company operates as a single reportable segment under ASC 280. Accordingly, all required segment financial information
is included in the consolidated financial statements. However, we segregate IVF revenue from surrogacy revenue as these two revenue types
are critical to our business.

The Company’s CODM
is Mr. Siu Wing Fund Alfred, its CEO. Geographic disclosures of long-lived assets and revenue from external customers as of December 31,
2024 and 2023 are presented in Note 15.

The Company measured the
lease in accordance to ASU 2016-02, “Leases” (Topic 842). Lease terms used to calculate the present value of lease
payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable certainty
at lease inception that these options will be exercised. The Company generally considers the economic life of its operating lease ROU
assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore
operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally
do not provide a residual guarantee. The operating