Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 230

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 230
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253 |     |     | 1,356,903 |     |   |   505,609 |
| Total revenues |                                                 | $            | 5,433,375 |     |     | 5,136,153 |     | $ | 5,944,190 |

The revenue information above is based on the
locations where the revenue originated.

<div align='center'>F-27</div>

|            | Long-lived assets located at | December 31, |    2024 |     |   |    2023 |     |     |    2022 |
|:-----------|:-----------------------------|:-------------|--------:|:----|:--|--------:|:----|:----|--------:|
| HK SAR     |                              | $            |   3,081 |     | $ |     584 |     |     |       — |
| China      |                              |              |   8,370 |     |   |       — |     |     |       — |
| Kyrgyzstan |                              |              |       — |     |   |       — |     |     |  22,513 |
| Cambodia   |                              |              |  47,902 |     |   | 137,472 |     |     | 229,085 |
| Thailand   |                              |              | 312,313 |     |   | 307,948 |     |     | 254,745 |
|            |                              | $            | 371,666 |     | $ | 446,004 |     |     | 506,343 |

The Company’s long-lived assets consist
of plant and equipment, net and operating leases right-of-use assets, net.

NOTE 16 — RISKS

A. Credit risk

Accounts receivable

In order to minimize the
credit risk, the management of the Company monitors and ensures that follow-up action is taken to recover overdue debts. The Company
considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk
on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk, the Company compares
the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition.
It considers available reasonable and supportive forward-looking information, such as GDP growth rate and nominal GDP per capita.
Based on the impairment assessment performed