Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 215

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 215
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realized when the tax position is settled. the Company recognizes interest and penalties, if any, related to uncertain tax positions
in income tax expense.

The Company presents comprehensive
income in accordance with ASC Topic 220, Comprehensive Income. ASC Topic 220 states that all items that are required
to be recognized under accounting standards as components of comprehensive income be reported in the consolidated financial statements.
The components of comprehensive income were the net income for the years and the foreign currency translation adjustments.

The Company computes earnings
per share (“EPS”) following ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or
loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS presents
the dilutive effect on a per-share basis from the potential conversion of convertible securities or the exercise of options and
or warrants; the dilutive impacts of potentially convertible securities are calculated using the as-if method; the potentially dilutive
effect of options or warranties are computed using the treasury stock method. Potentially anti-dilutive securities (i.e., those
that increase income per share or decrease loss per share) are excluded from diluted EPS calculation. There were no potentially dilutive
securities that were in-the-money that were outstanding during the years ended December 31, 2024, 2023 and 2022.

The Company adopted ASC 850,
Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

In the normal course of
business, the Company is subject to contingencies, including legal proceedings and claims arising out of the business that relate to
a wide range of matters, such as government investigations and tax matters. The Company recognizes its liability for such contingency
if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider
many factors in making these assessments including historical and the specific facts and circumstances of each matter.

Non-controlling interests
are presented as a separate component of equity on the consolidated balance sheets and net (loss) income and other comprehensive loss
are attributed to controlling and non-controlling interests respectively.

Concentration of credit risk

Financial instruments that
potentially expose us to concentrations of credit risk consist primarily of cash and cash equivalents and account receivable. The Company
places cash and cash equivalents with financial institutions with high credit ratings and quality.

Accounts receivable primarily
comprise of amounts receivable from the service customers. The Company conducts credit evaluations