Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 231

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 231
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 categories that are equal to or greater than a specified quantitative threshold of 5%. ASU 2023-09 also requires disclosure of, on an annual basis, the year to date amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign jurisdictions, including additional disaggregated information on income taxes paid (net of refunds received) to an individual jurisdiction equal to or greater than 5% of total income taxes paid (net of refunds received). The amendments in ASU2023-09 are effective for annual periods beginning after December 15, 2024, and should be applied prospectively. The Company is currently evaluating the impact of the update on the Company’s consolidated financial statements and related disclosures. 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. F-51 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023
(Stated in US Dollars)

NOTE 3 — ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

|                                          |     | 2024 | September 30, |   |     | 2023 | December 31, |   |
|:-----------------------------------------|:----|:-----|--------------:|:--|:----|:-----|-------------:|:--|
| Accounts receivable                      |     | $    |       318,841 |   |     | $    |        9,393 |   |
| Less: allowance for expected credit loss |     |      |           (18 | ) |     |      |          (19 | ) |
|                                          |     | $    |       318,859 |   |     | $    |        9,374 |   |

As of the end of each of
the financial year, the aging analysis of accounts receivable, net of allowance for expected credit loss, based on the invoice date is
as follows:

|                |     | 2024 | September 30, |     | 2023 | December 31, |
|:---------------|:----|:-----|--------------:|:----|:-----|-------------:|
| Within 90 days