Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 243

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 243
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 in US Dollars) NOTE 13 — DISAGGREGATED REVENUES (cont.)

Geographical information

|                | Revenue from external customers originated from | Nine months ended 
 September 30,     |      2024 |     |   |      2023 |
|:---------------|:------------------------------------------------|:------------------|----------:|:----|:--|----------:|
| HK SAR         |                                                 | $                 |         — |     | $ |         — |
| Kyrgyzstan     |                                                 |                   | 2,066,992 |     |   | 2,184,214 |
| Cambodia       |                                                 |                   |   461,232 |     |   |   424,130 |
| Thailand       |                                                 |                   | 1,631,539 |     |   | 1,008,354 |
| Total revenues |                                                 | $                 | 4,159,763 |     | $ | 3,616,698 |

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

| Long-lived assets located at |     | 2024 | September 30, |     | 2023 | December 31, |
|:-----------------------------|:----|:-----|--------------:|:----|:-----|-------------:|
| HK SAR                       |     | $    |           260 |     | $    |          584 |
| Cambodia                     |     |      |       132,414 |     |      |      137,472 |
| Thailand                     |     |      |       362,433 |     |      |      307,948 |
|                              |     | $    |       495,107 |     | $    |      446,004 |

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

NOTE 14 — 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