Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2024

 

Commission File Number: 001-41647

 

OHMYHOME LIMITED

(Translation of registrant’s name into English)

 

11 Lorong 3 Toa Payoh

Block B, #04-16/21, Jackson Square

Singapore 319579

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Ohmyhome Reports Results of 106% Growth in the First Half of 2024
99.2		Unaudited Interim Consolidated Financial Statements for the Six Months ended June 30, 2024 and 2023
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Ohmyhome Limited
Date: September 25, 2024	By:	/s/ Rhonda Wong
	Name:	Rhonda Wong
	Title:	Director and Chief Executive Officer

 

3

 

Exhibit 99.1

 

Ohmyhome Reports Results of 106% Growth in the First Half of 2024

 

	●	Revenues achieved S$4.5 million (US$3.3 million), representing a 106% growth compared to the first half of 2023.
	●	Revenue growth was driven by increased performance across all three primary business units.
	●	EBITDA loss margin narrowed from -107% to -44%.
	●	Net income loss reduced to S$2.3 million (US$1.7 million), or US$0.07 per diluted share.
	●	Cash and Cash Equivalents stood at S$2.4 million (US$1.8 million).

 

Singapore, September 25, 2024 — Ohmyhome Ltd. (NASDAQ: OMH, “Ohmyhome”, “the Company”), a one-stop-shop property technology platform providing end-to-end property solutions and services including brokerage, renovation and condominium property management services in Singapore, is pleased to report its financial results for the six months ended June 30, 2024.

 

Significant Revenue Growth and Margin Improvement

 

For the first half of 2024 (1H 2024), Ohmyhome reported revenues of S$4.5 million (US$3.3 million), a 106% increase compared to S$2.2 million in the same period of 2023 (1H 2023). This growth was driven by a 13.9% year-over-year (YoY) increase in brokerage services revenue, despite high mortgage interest rates and a slowdown in market transactions compared to 1H 2023.

 

New revenue contribution from Property Management services reached S$2.0 million (US$1.5 million). Revenue from emerging and other services also grew by 16%, with independent third-party revenue rising by 206%, primarily due to higher demand for renovation services.

 

Gross profit saw a 108% increase compared to 1H 2023, with margin improvements across all three business units. Brokerage services’ gross margin rose from 46% to 49%, property management services was at 33%, and emerging and other services grew from 23% to 28%.

 

EBITDA loss improved by 15%, narrowing from S$2.3 million to S$2.0 million, while the EBITDA loss margin decreased from -107% to -44%. These improvements were primarily driven by higher gross margins and optimized operating expenses.

 

Net loss decreased from S$2.5 million to S$2.3 million (US$1.7 million), with the loss per diluted share improving from US$(0.10) to US$(0.07).

 

The Company anticipates a further reduction in EBITDA loss for the second half of 2024, supported by higher total contract values signed in Q3 2024 and the continued realization of cost optimization initiatives.

 

Strengthened Balance Sheet

 

As of June 30, 2024, cash and cash equivalents stood at S$2.4 million (US$1.8 million), an increase of S$2.2 million as compared to December 31, 2023. Current assets increased by 237% to S$3.3 million (US$2.5 million), while current liabilities were reduced by 22% to S$2.1 million (US$1.6 million).

 

Total assets grew by 24% to S$12.7 million (US$9.4 million), while total liabilities decreased by 6.9% to S$5.9 million (US$4.3 million) compared to December 31, 2023.

 

Looking Ahead

 

In response to the company’s financial performance, Rhonda Wong, CEO and co-founder of Ohmyhome, stated, “We have been focusing on improving the operations and the fundamentals of the Company, and we are proud of the strong growth and improved margins we have achieved in the first half of 2024. Our strategic focus on achieving higher growth and optimizing our operational efficiency is yielding positive results, and we are confident that our efforts will continue to drive better financial outcomes in the second half of the year. The commitment and resilience of our team, alongside the strong demand for our end-to-end property services, have positioned Ohmyhome for sustained growth.”

 

The Company is excited to share additional updates on its growth trajectory and will provide further details on business growth following the conclusion of the third quarter of 2024.

 

 

Appendix for Condensed Version of Unaudited Interim Consolidated Statement of Operations and Comprehensive Loss

 

		For the six months ended June 30,
		2023				2024				2024
		SGD				SGD				USD
Total operating revenues			2,167,021				4,470,089				3,298,472
Gross profit			803,645				1,670,149				1,232,400
Total operating expenses			(3,430,676	)			(4,398,845	)			(3,245,900	)
Total other income, net			130,145				449,311				331,546
NET LOSS			(2,496,886	)			(2,279,385	)			(1,681,954	)
LOSS PER BASIC SHARE			(0.13	)			(0.11	)			(0.07	)
LOSS PER DILUTED SHARE			(0.13	)			(0.10	)			(0.07	)
Net Loss			(2,496,886	)			(2,279,385	)			(1,681,954	)
Interest Income (expenses), net			7,733				121,775				89,857
Depreciation and Amortization			(182,531	)			(437,287	)			(322,673	)
EBITDA			(2,015,204	)			(1,963,873	)			(1,449,138	)

 

Appendix for Condensed Version of Unaudited Interim Consolidated Balance Sheets

 

		December 31,				June 30,				June 30,
		2023				2024				2024
		SGD				SGD				USD
ASSETS
Current assets			993,089				3,347,892				2,470,403
Property and equipment, net			78,721				87,195				64,341
Non-current assets			9,230,130				9,311,093				6,870,642
Total assets			10,301,940				12,746,180				9,405,386
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities			2,721,237				2,135,248				1,575,598
Non-current liabilities			3,578,128				3,728,961				2,751,594
Total liabilities			6,299,365				5,864,209				4,327,192
SHAREHOLDERS’ EQUITY			4,002,575				6,881,971				5,078,194

 

Appendix for Condensed Version of Unaudited Interim Consolidated Statements of Cash Flows

 

		For the six months ended June 30,
		2023				2024				2024
		SGD				SGD				USD
Net loss			(2,496,886	)			(2,279,385	)			(1,681,954	)
Net cash used in operating activities			(2,546,400	)			(2,033,164	)			(1,500,269	)
Net cash used in investing activities			(287,430	)			(643,579	)			(474,896	)
Net cash provided by financing activities			8,848,175				4,992,380				3,683,869
Foreign currency effect			32,408				(63,098	)			(46,559	)
Net change in cash and cash equivalents			6,046,753				2,252,539				1,662,145
Cash, cash equivalents and restricted cash at beginning of period			301,433				191,807				141,534
Cash, cash equivalents and restricted cash at period end			6,348,186				2,444,346				1,803,679

 

 

About Ohmyhome

 

Ohmyhome is a one-stop-shop property technology platform in Singapore that provides end-to-end property solutions and services to buy, sell, rent, and renovate homes, as well as property management services for condominiums in Singapore. Since its launch in 2016, Ohmyhome has transacted over 15,500 properties as of June 30, 2024, and has approximately 7,560 units under management as of June 30, 2024. It is also the highest-rated property transaction platform, with more than 8,000 genuine reviews, and an average rating of 4.9 out of 5 stars.

 

Ohmyhome is dedicated to bringing speed, ease, and reliability to property-related services and to becoming the most trusted and comprehensive property solution for everyone.

 

For more information, visit: https://ohmyhome.com/en-sg/

 

Safe Harbor Statement

 

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

 

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

 

Contact

 

Investor Relations: [e-mail]

 

Follow Social Media for the Latest Updates from the Company

 

X: https://twitter.com/ohmyhometweets

Facebook: https://www.facebook.com/ohmyhomesg/

Instagram: https://www.instagram.com/ohmyhomesg/

LinkedIn: https://www.linkedin.com/company/ohmyhome/

 

 

 

Exhibit 99.2

 

OHMYHOME LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED  BALANCE SHEETS

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
ASSETS
Current assets
Cash and cash equivalents			191,807				2,444,346				1,803,679
Accounts receivable, net			580,889				560,236				413,397
Prepayments			211,976				332,277				245,187
Amount due from a shareholder			-				-				-
Other current assets, net			8,417				11,033				8,140
Total current assets			993,089				3,347,892				2,470,403
Non-current assets
Deposits			111,275				106,911				78,889
Property and equipment, net			78,721				87,195				64,341
Deferred initial public offering (“IPO”) costs			114,794				-				-
Operating lease right-of-use assets			442,280				280,526				207,000
Deposit for an acquisition			3,370,757				3,838,872				2,832,698
Intangible asset			2,977,564				2,871,324				2,118,746
Goodwill			2,213,460				2,213,460				1,633,309
Total non-current assets			9,308,851				9,398,288				6,934,983
Total assets			10,301,940				12,746,180				9,405,386
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable			449,031				347,684				256,555
Contract liabilities			103,655				90,271				66,611
Accrued liabilities and other payables			1,407,252				910,379				671,769
Bank loans, current portion			331,528				344,835				254,453
Amount due to a shareholder			-
Operating lease obligation			342,983				280,592				207,049
Taxes payable			86,788				161,487				119,161
Total current liabilities			2,721,237				2,135,248				1,575,598
Non-current liabilities:
Bank loans, non-current portion			226,227				478,649				353,194
Operating lease obligation, non-current			112,708				11,119				8,205
Consideration payables			3,239,193				3,239,193				2,390,195
Total non-current liabilities			3,578,128				3,728,961				2,751,594
Total liabilities			6,299,365				5,864,209				4,327,192
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Ordinary Shares, US$0.001 par value, 500,000,000 shares authorized, 19,221,384 shares issued and outstanding as of December 31, 2023, and 22,801,452 shares issued and outstanding as of June 30, 2024, respectively			25,926				30,901				22,801
Additional paid-in capital			22,522,570				27,748,879				20,475,855
Stock-based compensation reserve			537,756				528,351				389,869
Accumulated other comprehensive income			(34,099	)			(97,197	)			(71,722	))
Accumulated deficit			(18,601,243	)			(20,879,243	)			(15,406,761	))
Total OHMYHOME LIMITED shareholders’ equity			4,450,910				7,331,691				5,410,042
Non-controlling interests			(448,335	)			(449,720	)			(331,848	))
Total shareholders’ equity			4,002,575				6,881,971				5,078,194
Total liabilities and shareholders’ equity			10,301,940				12,746,180				9,405,386

 

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements 

 

F-1

 

OHMYHOME LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED

STATEMENTS  OF OPERATIONS AND COMPREHENSIVE LOSS

 

		For the Six Months Ended June 30,
		2023				2024				2024
		SGD				SGD				USD
Operating revenues
- Brokerage services
Independent Third Parties			1,334,438				1,531,193				1,129,865
Related Parties			11,288				2,100				1,550
			1,345,726				1,533,293				1,131,415
- Property Management
Independent Third Parties			-				1,983,553				1,463,661
Related Parties			-				-				-
			-				1,983,553				1,463,661
- Emerging and other services
Independent Third Parties			310,255				948,223				699,692
Related Parties			511,040				5,020				3,704
			821,295				953,243				703,396
							-				-
Total operating revenues			2,167,021				4,470,089				3,298,472
Cost of revenues
- Brokerage services			(732,930	)			(785,983	)			(579,975	)
- Property management			-				(1,325,466	)			(978,059	)
- Emerging and other services			(630,446	)			(688,491	)			(508,038	)
Total cost of revenues			(1,363,376	)			(2,799,940	)			(2,066,072	)
							-				-
- Brokerage services			612,796				747,310				551,440
- Property management			-				658,087				485,602
- Emerging and other services			190,849				264,752				195,358
Gross profit			803,645				1,670,149				1,232,400
Operating expenses
Technology and development expenses			(1,096,651	)			(788,962	)			(582,174	)
Selling and marketing expenses			(848,504	)			(988,872	)			(729,687	)
General and administrative expenses			(881,313	)			(1,724,834	)			(1,272,752	)
Professional Fees related to Listing and Acquisitions			(421,677	)			(458,890	)			(338,614	)
Depreciation and Amortization			(182,531	)			(437,287	)			(322,673	)
Total operating expenses			(3,430,676	)			(4,398,845	)			(3,245,900	)
Loss from operations			(2,627,031	)			(2,728,696	)			(2,013,500	)
							-				-
Other income (expense):							-				-
Stock-based compensation			-				-				-
Interest income			24,454				136,679				100,855
Interest expense			(16,721	)			(14,904	)			(10,998	)
Government grants			8,399				45,418				33,514
Foreign exchange, net			114,013				266,616				196,736
Other income, net			-				15,502				11,439
							-				-
Total other income, net			130,145				449,311				331,546
LOSS BEFORE INCOME TAXES			(2,496,886	)			(2,279,385	)			(1,681,954	)
Income tax expense			-				-				-
							-				-
NET LOSS			(2,496,886	)			(2,279,385	)			(1,681,954	)
							-				-
Less: Net loss attributable to non-controlling interest			(22,030	)			(1,385	)			(1,022	)
Net loss attributable to OHMYHOMELTD			(2,474,856	)			(2,278,000	)			(1,680,932	)
NET LOSS			(2,496,886	)			(2,279,385	)			(1,681,954	)
OTHER COMPREHENSIVE LOSS							-				-
Foreign currency translation adjustment			32,408				(63,098	)			(46,560
TOTAL COMPREHENSIVE LOSS			(2,464,478	)			(2,342,483	)			(1,728,514	)
Less: Comprehensive loss attributable to non-controlling interests			(22,030	)			(1,385	)			(1,022	)
COMPREHENSIVE LOSS ATTRIBUTABLE TO OHMYHOME LIMITED			(2,442,448	)			(2,341,098	)			(1,727,492	)
Weighted average number of ordinary shares:							-				-
Basic			19,050,000				21,864,942				21,864,942
Diluted			19,050,000				23,262,574				23,262,574
LOSS PER SHARE – BASIC AND DILUTED
Basic			(0.13	)			(0.11	)			(0.07	)
Diluted			(0.13	)			(0.10	)			(0.07	)

 

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements 

 

F-2

 

OHMYHOME  LIMITED

UNAUDITED INTERIM CONDENSED

CONSOLIDATED STATEMENTS  OF CHANGES IN SHAREHOLDERS’ EQUITY 

 

		Ordinary Shares
		No. of shares				Amount				Additional paid-in capital				Stock-based compensation reserve				Accumulated other comprehensive income				Accumulated deficit				Non-controlling Interests				Total shareholders’ Equity
						SGD				SGD				SGD				SGD				SGD				SGD				SGD
Balance, December 31, 2022			16,250,000				21,970				11,292,123				-				36,153				(13,131,513	)			(401,841	)			(2,183,108	)
Issuance of new shares			2,971,384				3,956				11,230,447				-				-				-				-				11,234,403
Stock-based compensation			-				-				-				537,756				-				-				-				537,756
Net loss			-				-				-				-				-				(5,469,730	)			(46,494	)			(5,516,224	)
Foreign currency translation adjustment			-				-				-				-				(70,252	)			-				-				(70,252	)
Balance, December 31, 2023			19,221,384				25,926				22,522,570				537,756				(34,099	)			(18,601,243	)			(448,335	)			4,002,575
Issuance of new shares			3,580,068				4,975				5,226,309				-				-				-				-				5,231,284
Stock-based compensation			-				-				-				(9,405	)			-				-				-				(9,405	)
Net loss			-				-				-				-				-				(2,278,000	)			(1,385	)			(2,279,385	)
Foreign currency translation adjustment			-				-				-				-				(63,098	)			-				-				(63,098	)
Balance, June 30, 2024			22,801,452				30,901				27,748,879				528,351				(97,197	)			(20,879,243	)			(449,720	)			6,881,971
Balance, June 30, 2024 (USD)			22,801,452				22,801				20,475,855				389,869				(9,483	)			(15,469,000	)			(331,848	)			5,078,194

 

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

 

F-3

 

OHMYHOME LIMITED

UNAUDITED INTERIM CONDENSED

CONSOLIDATED STATEMENTS  OF CASH FLOWS

 

		For the Six Months Ended June 30,
		2023				2024				2024
		SGD				SGD				USD
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss			(2,496,886	)			(2,279,385	)			(1,681,954	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation			-				-				-
Depreciation of property and equipment			20,777				7,630				5,630
Amortization of operating lease right-of-use assets			161,754				164,057				121,057
Amortization of intangible assets							265,600				195,986
Provision for expected credit losses accounts			7,619				-				-
Loss of disposal of property and equipment			-				-				-
Interest Income			-				(90,023	)			(66,428	)
Changes in assets and liabilities:
Accounts receivable			19,773				20,653				15,240
Prepayments			(76,195	)			(109,624	)			(80,891	)
Other current assets, net			(7,979	)			187,270				138,186
Deposits			173				6,314				4,659
Accounts payable			75,921				(101,347	)			(74,784	)
Contract liabilities			(150,834	)			(13,384	)			(9,876	)
Accrued liabilities and other payables			82,359				(1,819	)			(1,342
Other taxes payable			(25,101	)			74,874				55,249
Operating lease obligation			(157,781	)			(163,980	)			(121,001	)
NET CASH USED IN OPERATING ACTIVITIES			(2,546,400	)			(2,033,164	)			(1,500,269	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment			(2,880	)			(16,104	)			(11,883	)
Purchases of intangible assets							(159,360				(117,592
Deposit for an acquisition			(284,550	)			(468,115	)			(345,421	)
NET CASH USED IN INVESTING ACTIVITIES			(287,430	)			(643,579	)			(474,896	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from common share issued for cash			3,722				4,975				3,671
Amounts repayment to a shareholder, net			(2,290,044	)			-				-
Net proceeds from public offering			11,292,152				5,216,904				3,849,545
Proceeds from long-term loans			-				427,216				315,242
Repayment to directors			-				(495,228	)			(365,428
Repayment of long-term loans			(157,655	)			(161,487	)			(119,161	)
NET CASH PROVIDED BY FINANCING ACTIVITIES			8,848,175				4,992,380				3,683,869
Foreign currency effect			32,408				(63,098	)			(46,559	)
NET CHANGE IN CASH AND CASH EQUIVALENTS			6,046,753				2,252,539				1,662,145
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD			301,433				191,807				141,534
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT PERIOD END			6,348,186				2,444,346				1,803,679
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for:
Bank Loan and Operating Lease Interest			16,721				14,904				17,233

 

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

 

F-4

 

OHMYHOME LIMITED

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

Note 1 – Nature of business and organization

 

Ohmyhome Limited (the “Company”) is a holding company incorporated on July 19, 2022, under the laws of the Cayman Islands. The Company has no substantial operations other than holding all of the outstanding share capital of Ohmyhome (BVI) Limited (“Ohmyhome BVI”) established under the laws of the British Virgin Islands (“BVI”) on July 27, 2022. Ohmyhome BVI has no substantial operations other than holding all of the equity interest of Ohmyhome Pte. Ltd. (“Ohmyhome (S)”), a Singapore company incorporated on June 12, 2015.

 

The Company, through its wholly-owned subsidiary, Ohmyhome (S), and its subsidiaries, provides end-to-end property solutions and services for its customers such as brokerage services and emerging and other services, such as home renovation and furnishing services, listing and research, mortgage referral, legal services and insurance referral services.

 

On November 30, 2022, the Company completed a reorganization of Ohmyhome (S) under common control of its then existing shareholders, who collectively owned all the equity interests of Ohmyhome (S) prior to the reorganization. Prior to the re-organization, Ohmyhome (S) was directly owned and controlled by Anthill and the Other Existing Shareholders with 57.79% and 42.21% beneficial ownership interest, respectively. As a result of certain share swaps and related issuances by and among, Anthill and the Other Existing Shareholders, the Company, Ohmyhome (BVI) Limited, and Ohmyhome (S) whereby Ohmyhome (S) ultimately became a wholly-owned subsidiary of Ohmyhome (BVI) Limited, and Ohmyhome (BVI) Limited became a wholly owned subsidiary of the Company, and Anthill and the Other Existing Shareholders became the beneficial owners of the Company with percentage ownerships of 57.79% and 42.21%. The Company has accounted for these re-organizations as a transfer of assets between entities under common control in accordance with ASC 805-50-50-3 to 4 because the economic interests of Anthill and the Other Existing Shareholders remained the same immediately before and immediately after the re-organization, as such, the accompanying financial statements include the results of operations of Ohmyhome (S) for two operating periods in accordance with guidance set forth in ASC 805-50-45-2 to 5. The unaudited interim condensed consolidated financial statements  are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying unaudited interim condensed consolidated financial statements  of the Company.

 

On March 23, 2023, the Company completed its initial public offering. In this offering, the Company issued 2,800,000 Ordinary Shares at a price of US$4.00 per share. The Company received gross proceeds in the amount of US$11.2 million before deducting any underwriting discounts or expenses. The Ordinary Shares began trading on March 21, 2023 on the Nasdaq Capital Market under the ticker symbol “OMH.”

 

On October 6, 2023, Ohmyhome (BVI), a wholly owned subsidiary of the Company, completed the acquisition of 100% of the issued share capital of Simply Sakal Pte. Ltd. that provides estate management services for residential, commercial and industrial real estate in Singapore. Subsequent to the completion of the acquisition, Simply Sakal Pte. Ltd. has changed its name to Ohmyhome Property Management Pte. Ltd. on November 8, 2023.

 

The accompanying unaudited interim condensed consolidated financial statements  reflect the activities of the Company and each of the following entities:

 

Name		Background		Ownership %		Principal of activity
Ohmyhome (BVI) Limited		● A BVI company ● Incorporated on July 27, 2022		100% owned by the Company		Investment holding
Ohmyhome (S)		● A Singapore company ● Incorporated on June 12, 2015		100% owned by Ohmyhome BVI		Principally engaged in the provision of a one-stop-shop property platform for its customers
Ohmyhome Property Management Pte. Ltd. (formerly Simply Sakal Pte. Ltd.)		● A Singapore company ● Incorporated on January 4, 1995 ● Acquired by Ohmyhome (BVI) on October 6, 2023 ● Changed its entity name to Ohmyhome Property Management Pte. Ltd. on November 8, 2023		100% owned by Ohmyhome (BVI)		Principally engaged in the provision of estate management services for residential, commercial and industrial real estate in Singapore.
Ohmyhome Renovation Pte. Ltd.		● A Singapore company ● Incorporated on March 5, 2020		100% owned by Ohmyhome (S)		Principally engaged in design and build, project management for interior decoration projects for residential and commercial units.
Ohmyhome Insurance Pte. Ltd.		● A Singapore company ● Incorporated on March 5, 2020		100% owned by Ohmyhome (S)		Dormant
Cora.Pro Pte. Ltd.		● A Singapore company ● Incorporated on May 31, 2020		100% owned by Ohmyhome (S)		Principally engaged in distributing technology platform product for property management firms and developers to facilitate communication, facility booking, fee and tax payments.
DreamR Project Pte. Ltd. (formerly Ganze Pte. Ltd.)		● A Singapore company ● Incorporated on December 7, 2021 ● Changed its entity name from Ganze Pte. Ltd. To DreamR Project Pte. Ltd. on June 5, 2023		100% owned by Ohmyhome (S)		Principally engaged in interior decoration projects of high-end residential and commercial units.
Ohmyhome Sdn. Bhd. (“Ohmyhome (M)”)		● A Malaysia company ● Incorporated on January 17, 2019		49% owned by Ohmyhome (S)		Principally engaged in the provision of a one-stop-shop property platform for its customers in Malaysia
Ohmyhome Realtors Sdn. Bhd.		● A Malaysia company ● Incorporated on January 17, 2019		49% owned by Ohmyhome (M)*		Principally engaged in the provision of brokerage service for its customers

 

*

Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company.

 

F-5

 

Note 2 – Liquidity and going concern

 

In assessing the Company’s liquidity, the Company monitors and evaluates its cash and cash equivalent and its operating and capital expenditure commitments.

 

The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations. Cash flow from operations and capital contributions and loans from shareholders have been utilized to finance the working capital requirements of the Company. For the six months ended June 30, 2024, the Company had negative cash flow from operating activities of S$2,033,164 (US$1,500,269). The Company’s working capital surplus was $1,212,644 (US$894,805) as of June 30, 2024. And the Company had S$2,444,346 (US$1,803,679) in cash and cash equivalents, which is unrestricted as to withdrawal and use as of June 30, 2024.

 

On February 16, 2024, the Company completed its follow-on public offering. In this offering, the Company issued 3,555,555 Ordinary Shares at a price of US$1.35 per share. The Company received gross proceeds in the amount of US$4.8 million before deducting any underwriting discounts or expenses. Ohmyhome Pte. Ltd., a wholly owned subsidiary of the Company, has received and signed a Letter of Offer for a working capital loan of S$432,000 (US$327,397) by an established private lender on February 2, 2024, with a loan term of 5 years at an interest rate of 7.50% per annum. In view of these circumstances, the management of the Company has given consideration to the future liquidity and performance of the Company and its available sources of finance in assessing whether the Company will have sufficient financial resources to continue as a going concern.

 

To sustain its ability to support the Company’s operating activities, the Company considered supplementing its sources of funding through the following:

 

●	cash and cash equivalents generated from operations;
●	other available sources of financing from Singapore and Malaysia banks and other financial institutions;
●	financial support from the Company’s related parties and shareholders;
●	issuance of additional convertible notes; and
●	obtaining funds through a future public offering.

 

Management has commenced a strategy to raise debt and equity. However, there can be no certainty that these additional financings will be available on acceptable terms or at all. If management is unable to execute this plan, there would likely be a material adverse effect on the Company’s business.

 

Based on the above considerations, management believes that the Company has sufficient funds to meet its operating and capital expenditure needs and obligations in the next 12 months. However, there is no assurance that the Company will be successful in implementing the foregoing plans or additional financing will be available to the Company on commercially reasonable terms. There are a number of factors that could potentially arise that could undermine the Company’s plans such as (i) client’s business and areas of operations in Singapore and Malaysia, (ii) changes in the demand for the Company’s services, (iii) government policies, and (iv) economic conditions in Singapore, Malaysia and worldwide. The Company’s inability to secure needed financing when required may require material changes to the Company’s business plan and could have a material impact on the Company’s financial conditions and result of operations.

 

F-6

 

Note 3 – Summary of significant accounting policies

 

Basis of presentation

 

Management’s opinion is that the accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operation results. The results of operations for the six months ended June 30, 2024 are not necessarily indicative of results to be expected for the full year of 2024. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements thereto as of and for the years ended December 31, 2023.

 

Principles of consolidation

 

The unaudited interim condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.

 

Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of Directors, or to cast a majority of votes at the meeting of Directors.

 

Non-controlling interest represents the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interest is presented in the unaudited interim condensed consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interest’s operating result is presented on the face of the unaudited interim condensed consolidated statements of income and comprehensive loss as an allocation of the total loss for the year between non-controlling shareholders and the shareholders of the Company.

 

Use of estimates and assumptions

 

The preparation of unaudited interim condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s financial statements include, but not limited to, estimates for useful lives of intangible assets, impairment of long-lived assets, deferred taxes and uncertain tax position, and allowance for expected credit loss and revenue recognition. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the unaudited interim condensed financial statements. 

 

Risks and uncertainties

 

The main operations of the Company are in Singapore. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Singapore, as well as by the general state of the economy in Singapore. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Singapore. The Company believes that it is following existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results.

 

The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could significantly disrupt the Company’s operations.

 

F-7

 

Foreign currency translation and transaction

 

The accompanying unaudited interim condensed financial statements are presented in the Singapore Dollars (“SGD” or “S$”), which is the reporting currency of the Company. The functional currency of the Company and its subsidiary in the British Virgin Islands is United States Dollars (“USD” or “US$”), its other subsidiaries which are incorporated in Singapore and Malaysia are SGD and Malaysia ringgit (“RM”), respectively, which are their respective local currencies based on the criteria of ASC 830, “Foreign Currency Matters”.

 

In the unaudited interim condensed consolidated financial statements, the financial information of the Company and other entities located outside of Singapore has been translated into SGD. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period.

 

The following table outlines the currency exchange rates that were used in creating the unaudited interim condensed financial statements in this report:

 

June 30, 2023

December 31, 2023

June 30, 2024

Period-end spot rate

SGD1.00 = RM3.4518

SGD1.00 = RM3.4819

SGD1.00 = RM3.4746

Average rate

SGD1.00 = RM3.3382

SGD1.00 = RM3.3932

SGD1.00 = RM3.5035

Period-end spot rate

SGD1.00 = USD0.7395

SGD1.00 = USD0.7580

SGD1.00 = USD0.7379

Average rate

SGD1.00 = USD0.7484

SGD1.00 = USD0.7447

SGD1.00 = USD0.7431

 

Convenience translation

 

Translations of balances in the unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of income, unaudited interim condensed consolidated statements of changes in shareholders’ equity and unaudited interim condensed consolidated statements of cash flows from SGD into USD as of June 30, 2024 are solely for the convenience of the readers and are calculated at the rate of SGD1.00 = USD0.7379, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on June 28, 2024. No representation is made that the SGD amounts could have been, or could be, converted, realized or settled into USD at such rate, or at any other rate.

 

Cash and cash equivalents

 

Cash and cash equivalents primarily consist of bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. Cash and cash equivalents also consist of funds earned from the Company’s operating revenues which were held at third party platform fund accounts which are unrestricted as to immediate use or withdrawal. The Company maintains most of its bank accounts in Singapore and Malaysia.

 

Accounts receivable and allowance for expected credit losses

 

Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 90 days. Management reviews its receivables on a regular basis to determine if the allowance for expected credit loss is adequate and provides allowance when necessary. The allowance is based on management’s best estimates of specific losses on individual customer exposures, as well as the historical trends of collections. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. As of December 31, 2023 and June 30, 2024, the Company made S$9,802 and S$9,802 (US$7,233) allowance for expected credit losses for accounts receivable, respectively.

 

Prepayments

 

Prepayments are mainly payments made to vendors or services providers for future services that have not been provided and prepaid rent. These amounts are refundable and bear no interest. Management reviews its prepayments on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. As of December 31, 2023 and June 30, 2024, no allowance was deemed necessary.

 

F-8

 

Deferred IPO costs

 

Pursuant to ASC 340-10-S99-1, IPO costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. These costs include legal fees related to the registration drafting and counsel, consulting fees related to the registration preparation, the SEC filing and print related costs. As of December 31, 2022, the accumulated deferred IPO cost was S$676,321 (US$504,567). As of March 21, 2023 the Group successfully listed in the US Nasdaq. Hence, these deferred IPO costs had charged against the gross proceeds of the offering as a reduction of additional paid-in capital.

 

The Company has subsequently completed a follow-on public offering of 3,555,555 ordinary shares on February 16, 2024. As of December 31, 2023, the accumulated deferred costs related to the follow-on public offering were S$114,794 (US$87,012).

 

As of June 30, 2024, the accumulated deferred costs related to public offering were S$0.

 

Deposits

 

Deposits are mainly for rent, utilities and money deposited with certain vendors. These amounts are refundable and bear no interest. The short-term deposits usually have a one-year term and are refundable upon contract termination. The long-term deposits are refunded from suppliers when terms and conditions set forth in the agreements have been satisfied.

 

Other current assets, net

 

Other current assets, net, primarily consists of other receivables from third parties. These other receivables are unsecured and are reviewed periodically to determine whether their carrying value has become impaired.

 

Property and equipment, net

 

Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:

 

		Expected useful lives
Leasehold improvements		lesser of lease term or expected useful life
Office furniture and fittings		3-5 years
Office equipment		3-5 years
Computers		3 years

 

The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the unaudited interim condensed consolidated statements of operations and comprehensive loss. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.

 

Business combination

 

The purchase price of an acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values, with the residual of the purchase price recorded as goodwill. Transaction costs associated with business combinations are expensed as incurred and are included in general and administrative expenses in the Company’s consolidated statements of operations. The results of operations of the acquired business are included in the Company’s operating results from the date of acquisition.

 

Goodwill

 

Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of an acquired business. In accordance with ASC Topic 350, Goodwill and Other Intangible Assets (“ASC 350”), recorded goodwill amounts are not amortized, but rather are tested for impairment annually or more frequently if there are indicators of impairment present.

 

In accordance with ASC 350, the Company assigned and assessed goodwill for impairment at the reporting unit level. A reporting unit is an operating segment or one level below the operating segment. As of December 31, 2023 and June 30, 2024, the Company as a whole is the reporting unit of goodwill.

 

Pursuant to ASC 350, the Company has an option to assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In the qualitative assessment, the Group considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations. If the Group decides, as a result of its qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value based on discounted cash flow of each reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss equal to the difference will be recorded. The impairment charge would be recorded in the consolidated statements of income and comprehensive income.

 

Application of the goodwill impairment test requires judgment, including the determination of the fair value of each reporting unit. Estimating fair value is performed by utilizing various valuation techniques, with a primary technique being a discounted cash flow which requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for the Company’s business, estimation of the useful life over which cash flows will occur, and determination of the Company’s weighted average cost of capital.

 

Intangible Assets

 

Intangible assets consist of software and capitalized research and development and customer relationship acquired from a business combination. Intangible assets with finite lives are carried at cost less accumulated amortization and impairment loss, if any. Intangible assets with finite lives are amortized using the straight-line method over the estimated useful lives.

 

F-9

 

Capitalized Software and research and development

 

The Company capitalizes certain eligible software development costs incurred in connection with its internal use software in accordance with ASC 350-40, Internal-use Software and ASC 985, Software. These capitalized costs also relate to the Company’s development of a proprietary software, HomerAI as well as a few ongoing development technology software. Capitalized software costs are amortized over the estimated useful life of 5 years. Capitalization begins once the application development stage begins, management has authorized and committed to funding the project, it is probable the project will be completed, and the software will be used to perform the function intended. Internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. The Company expenses all costs incurred that relate to planning and post-implementation phases of development. Intangible assets are assessed for impairment when events or circumstances indicate the existence of a possible impairment, and none were identified in the year ended December 31, 2023.

 

During the year ended December 31, 2023, the Company capitalized S$0.9 million (US$0.7 million), and during the six months ended 30, 2024, the Company capitalized S$159,360 (US$117,592) under ASC 350 included in intangible assets.

 

Intangible assets that have determinable lives continue to be amortized over their estimated useful lives as follows:

 

Software and research and development			5 years
Customer relationships			5 years

 

Impairment for long-lived assets other than goodwill

 

Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than it was originally estimated. When these events occur, the Company, its wholly-owned subsidiaries evaluate the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, an impairment loss is recognized based on the excess of the carrying value of the assets over the fair value of the assets.

 

For the years ended December 31, 2023 and the six months ended June 30, 2024, the Company, its wholly-owned subsidiaries, Ohmyhome BVI and Ohmyhome BVI’s subsidiaries did not accrue impairment charge against intangible assets, including the customer relationship and software and technology.

 

The customer relationship arose from acquisition of Ohmyhome Property Management Pte. Ltd. by the Ohmyhome BVI in 2023.

 

For the year ended December 31, 2023 and the six months ended June 30, 2024, the Company did not accrue impairment charge against software and technology.

 

Fair value measurement

 

The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.

 

The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follows:

 

●

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

 

F-10

 

●

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

 

●

Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

 

Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.

 

Stock-based compensation

 

On December 19, 2023, the Board of Directors adopted the 2023 Equity Incentive Plan (the “2023 Incentive Plan”). Stock-based awards are measured at the grant date based on the fair value of the award and are recognized as expense, net of actual forfeitures, on a straight-line basis over the requisite service period, which is generally the vesting period of the respective award. The Company estimates the fair value of stock options using the Black-Scholes option pricing model. The determination of the grant date fair value of stock awards issued is affected by a number of variables, including the fair value of the Company’s common stock, the expected common stock price volatility over the expected life of the awards, the expected term of the stock option, risk-free interest rates, the illiquidity of the option given its non-transferability, and the expected dividend yield of the Company’s common stock. The Company derives its volatility from the average historical stock volatilities of the Company over a period equivalent to the expected term of the awards. The risk-free interest rate is based on the United States Treasury yield curve in effect at the time of grant. The expected dividend yield is 0.0% as the Company has not paid and does not currently anticipate paying dividends on its common stock.

 

Stock-based compensation expense is classified in the accompanying consolidated statement of operations.

 

Revenue recognition

 

Effective January 1, 2020, the Company adopted ASC Topic 606, Revenue from Contracts with Customers, which replaced ASC Topic 605, using the modified retrospective method of adoption. Results for reporting periods beginning after January 1, 2020 are presented under ASC Topic 606 while prior period amounts are not adjusted and continue to be presented under the Company’s historic accounting under ASC Topic 605. The Company’s accounting for revenue remains substantially unchanged. There were no cumulative effect adjustments for service contracts in place prior to January 1, 2020. The effect from the adoption of ASC Topic 606 was not material to the Company’s unaudited interim condensed consolidated financial statements.

 

The five-step model defined by ASC Topic 606 requires the Company to:

 

(1) identify its contracts with customers;

(2) identify its performance obligations under those contracts;

(3) determine the transaction prices of those contracts;

(4) allocate the transaction prices to its performance obligations in those contracts; and

(5) recognize revenue when each performance obligation under those contracts is satisfied. Revenue is recognized when promised services are transferred to the client in an amount that reflects the consideration expected in exchange for those services.

 

The Company enters into service agreements with its customers that outline the rights, responsibilities, and obligations of each party. The agreements also identify the scope of services, service fees, and payment terms. Agreements are acknowledged and signed by both parties. All the contracts have commercial substance, and it is probable that the Company will collect considerations from its customers for service component.

 

The Company has utilized the allowable practical expedient in the accounting guidance and elected not to capitalize costs related to obtaining contracts with customers with durations of less than one year. We do not have significant remaining performance obligations.

 

The Company derives its revenues from three sources: (1) revenue from brokerage services, (2) revenue from emerging and other related services, and (3) revenue from estate management services and other related services.

 

1)

Brokerage services

 

The Company earns brokerage services revenue from provision of brokerage and documentation services for buying, selling, and leasing and renting properties. The Company recognizes commission-based brokerage revenue upon closing of a brokerage transaction and concurrently issues invoice. The transaction price is generally calculated by taking the agreed upon commission rate and applying that to the home’s selling price. Brokerage revenue primarily contains a single performance obligation that is satisfied upon the closing of a transaction, at which point the entire transaction price is earned. We are not entitled to any commission until the performance obligation is satisfied and are not owed any commission for unsuccessful transactions, even if services have been provided. The Company is considered to be the principal agent as it has the right to determine the service price and to define the service performance obligations, it has control over services provided and it is fully responsible for fulfilling the agency services pursuant to the housing agency service contracts it signed with the housing customers. Accordingly, the Company accounts for the commissions from these agency service contracts on a gross basis, with any commissions paid to other brokerage firms recorded as a cost of revenue. Typical payment terms set forth in the invoice is within 30 days.

 

F-11

 

2)

Emerging and other related services

 

The Company generates revenues from emerging and other services such as financial services and home renovation and furnishing services. Service fees for emerging and other services are generally recognized as revenues when services are provided.

 

3)

Estate management services and other related services

 

Ohmyhome Property Management Pte. Ltd. earns estate management services revenue from Management Corporate Strata Titles (MCSTs) by being appointed as the Managing Agent for the respective estates to provide routine management, administration and secretarial services, accounting and finance management, and the operation and maintenance of the estates. Management believes that the estate management services are integrated services, and it is impractical to assess standalone value to each service; accordingly, the estate management services should be considered as single performance obligation. In consideration of the services provided by the Company, the MCSTs pay a monthly fee to the Company. The contract is a fixed contract with a fixed fee over the contractual period. The monthly management fee of individual estate varies depending on the size of the estates and the scope of the services required. Estate management revenue primarily contains an ongoing performance obligation that is satisfied upon the end of each calendar month, at which point the monthly fee is earned. The revenue is recognized over time based on the fixed contract fee over the contractual period. The Company is considered to be the principal as it has the right to determine the service price and to define the service performance obligations, it has control over services provided and it is fully responsible for fulfilling the estate management services pursuant to the estate management service contracts it signed with the MCSTs. Typical payment terms set forth in the invoice are within 30 days. The Company also generates revenues from other related services such as providing of additional manpower which are usually in ad-hoc basis, certification of documents, disbursements, marketing initiatives and others that to be completed in a short-term period. Service fees for other services are generally recognized at the point in time when services are provided. Typical payment terms set forth in the invoice are within 30 days.

 

Contract balances

 

Timing of revenue recognition may differ from the timing of invoicing to customers. For certain services, customers are required to pay before the services are delivered. The Company recognizes a contract asset or a contract liability in the unaudited interim condensed consolidated balance sheets, depending on the relationship between the Group’s performance and the customer’s payment.

 

The Company classifies its right to consideration in exchange for services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Company recognizes accounts receivable in its unaudited condensed consolidated balance sheets when it performs a service in advance of receiving consideration and if it has the unconditional right to receive consideration. The Company did not have any capitalized contract cost as of December 31, 2023  and June 30, 2024.

 

Contract liabilities are recognized if the Company receives consideration in advance of performance, which is mainly in relation to emerging and other services. The Company expects to recognize a significant majority of this balance as revenue over the next 12 months, and the remainder thereafter. As of December 31, 2023 and June 30, 2024, the contract liabilities of the Company amounted S$103,655 and S$90,271 (US$66,611), respectively.

 

Cost of revenue

 

Cost of revenue consists primarily of personnel costs (including base pay and benefits), commission fee, property listing fee, referral fee and subcontracting cost.

 

Advertising expenditures

 

Advertising expenditures are expensed as incurred and such expenses were minimal for the periods presented. Advertising expenditures have been included as part of selling and marketing expenses. For the six months ended June 30, 2023 and 2024, the advertising expense amounted to S$378,507 and S$687,191 (US$507,777), respectively.

 

Technology and development

 

Technology and development expenses primarily include personnel costs (including base pay, bonuses, and benefits), platform development, and maintaining and improving our website and mobile application development costs. We capitalize research and development personnel costs related to the development of our new proprietary software products and features including HomerAI, MATCH, Digital Experience and others, as well as acquired carrying value of the proprietary software from the acquisition of Simply Sakal. As of June 30, 2024, research and development and software and technology, net amounted to S$1,213,661 (US$895,556) and is included in intangible assets. Other costs are expensed off as incurred and record them in technology and development expenses.

 

Selling and marketing expenses

 

Selling and marketing expenses mainly consist of promotion and marketing expenses, media expenses for online and traditional advertising, as well as labor costs. For the six months ended, 2023 and 2024, the Company’s selling and marketing expenses were S$848,504 and S$988,872 (US$729,687), respectively.

 

F-12

 

Employee compensation

 

Singapore

 

(1)

Defined contribution plan

 

The Company participates in the national pension schemes as defined by the laws of Singapore’s jurisdictions in which it has operations. Contributions to defined contribution pension schemes are recognized as an expense in the period in which the related service is performed.

 

(2)

Employees leave entitlement

 

Employee entitlements to annual leave are recognized as a liability when they are accrued to the employees. The undiscounted liability for leave expected to be settled wholly within the reporting period.

 

Malaysia

 

The full-time employees of the Company are entitled to the government mandated defined contribution plan. The Company is required to accrue and pay for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government regulations, and make cash contributions to the government mandated defined contribution plan.

 

Government Grant

 

Government grants as compensation for expenses already incurred or for the purpose of giving immediate financial support to the Company during the COVID-19 pandemic. The government evaluates the Company’s eligibility for the grants on a consistent basis, and then makes the payment. Therefore, there are no restrictions on the grants.

 

Government grants are recognized when received and all the conditions for their receipt have been met and are recorded as part of Other Income. The grants received were S$8,399 and S$45,418 (US$33,514) for the six months ended June 30, 2023 and 2024, respectively from the Singapore Government.

 

Segment reporting

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s Chief Operating Decision Maker (“CODM”) for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products or services. Based on management’s assessment, the Company has determined that it has two operating segments, which are (i) Brokerage, emerging and another related service; and (ii) Estate management services and other related services in Singapore. All assets of the Company are located in Singapore and all revenue is generated in Singapore.

 

Information reported internally for performance assessment as follows:

 

Six months ended June 30, 2024

 

		Brokerage, emerging and another related service				Estate management services and other related services				Total				Total
		S$				S$				S$				US$
Revenue – external			2,479,416				1,983,553				4,462,969				3,293,218
Revenue – related parties			7,120				-				7,120				5,254
Total revenue			2,486,536				1,983,553				4,470,089				3,298,472
Total cost of revenue			(1,474,474	)			(1,325,466	)			(2,799,940	)			(2,066,072	)
Gross profit			1,012,062				658,087				1,670,149				1,232,400
Operating expenses			(3,483,254	)			(915,591	)			(4,398,845	)			(3,245,900	)
Share-based compensation
Interest income			130,072				6,607				136,679				100,855
Interest expense			(14,904	)			-				(14,904	)			(10,998	)
Government grants			45,668				(250	)			45,418				33,514
Foreign exchange gain			266,616				-				266,616				196,736
Other income, net			15,150				352				15,502				11,439
Loss before income tax expenses			(2,028,590	)			(250,795	)			(2,279,385	)			(1,681,954	)
Segment loss			(2,028,590	)			(250,795	)			(2,279,385	)			(1,681,954	)
Total assets			11,916,421				829,759				12,746,180				9,405,386
Total liabilities			5,001,094				863,115				5,864,209				4,327,192
Net assets			6,915,327				(33,356	)			6,881,971				5,078,194

 

There was only one segment which is the brokerage, emerging and other related services segment as of June 30, 2023.

 

Leases

 

The Company adopted ASC 842 on January 1, 2019. The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liability, and operating lease liability, non-current in the Company’s unaudited interim condensed consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements; and (ii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and(c) initial direct costs.

 

F-13

 

Income taxes

 

The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

 

Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the unaudited interim condensed consolidated financial statements  and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.

 

An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax for the six months ended June 30, 2023 and 2024. The Company had no uncertain tax positions for the six months ended June 30, 2023 and 2024. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.

 

Comprehensive loss

 

Comprehensive loss consists of two components, net loss and other comprehensive loss. Other comprehensive loss refers to revenues, expenses, gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net loss. Other comprehensive loss consists of a foreign currency translation adjustment resulting from the Company not using the United States dollar as its functional currencies.

 

Loss per share

 

The Company computes loss per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net loss divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the six months ended June 30, 2023, there were no dilutive shares. For the six months ended June 30, 2024, the total diluted ordinary share was 23,262,574 as compared to the basic number of ordinary share issued at 19,221,384   as of December 31, 2023.

 

F-14

 

Related party transactions

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence, such as a family member or relative, shareholder, or a related corporation.

 

Commitments and Contingencies

 

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 a 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.

 

Concentration of Risks

 

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 place our 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 of customers, and generally does not require collateral or other security from our customers. The Company establish an allowance for doubtful accounts primarily based upon the factors surrounding the credit risk of specific customers.

 

Concentration of customers

 

As of June 30, 2024, no customer accounted for 10% of the account receivables. As of December 31, 2023, two customers, one is a provider of general insurance and another is a property consultancy firm, accounted for 10.0% and 25.85% of the account receivables respectively.

 

Concentration of vendors

 

For the six months ended June 30, 2024, no vendor accounted for more than 10% of total purchases.

 

For the year ended December 31, 2023, no vendor accounted for more than 10% of total purchases.

 

Recently issued accounting pronouncements

 

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 unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of operations and comprehensive loss and unaudited interim condensed consolidated statements of cash flows.

 

F-15

 

Note 4 - Revenues

 

Effective January 1, 2019, the Company adopted ASC Topic 606, Revenue from Contracts with Customers, which replaced ASC Topic 605, using the modified retrospective method of adoption. Results for reporting periods beginning after January 1, 2019 are presented under ASC Topic 606 while prior period amounts are not adjusted and continue to be presented under the Company’s historic accounting under ASC Topic 605. The Company’s accounting for revenues remains substantially unchanged. There were no cumulative effect adjustments made to the contracts in place prior to January 1, 2019. The effect from the adoption of ASC Topic 606 was not material to the Company’s unaudited interim condensed consolidated financial statements.

 

Revenues are recognized when control of the promised services and deliverables are transferred to the Company’s Customers in an amount that reflects the consideration to which the Company expects to be entitled to and receive in exchange for services and deliverables rendered.

 

The following table presents the Company’s revenues disaggregated by service lines for the six months ended June 30, 2023 and 2024:

 

		For the Six Months Ended June 30,
		2023				2024				2024
		SGD				SGD				USD
Operating revenues
- Brokerage services
Independent Third Parties			1,334,438				1,531,193				1,129,865
Related Parties			11,288				2,100				1,550
			1,345,726				1,533,293				1,131,415
- Property Management
Independent Third Parties			-				1,983,553				1,463,661
Related Parties			-				-				-
			-				1,983,553				1,463,661
- Emerging and other services
Independent Third Parties			310,255				948,223				699,692
Related Parties			511,040				5,020				3,704
			821,295				953,243				703,396
Total operating revenues			2,167,021				4,470,089				3,298,472

 

The Company elected to utilize practical expedients to exclude from this disclosure the remaining performance obligations that have an original expected duration of one year or less.

 

F-16

 

Note 5 – Accounts receivable, net

 

Accounts receivable, net consist of the following:

 

		December 31, 2023				June 30, 2024				Jue 30, 2024
		SGD				SGD				USD
Accounts receivable			590,691				570,038				420,630
Less: Allowance for expected credit losses			(9,802	)			(9,802	)			(7,233	)
Total accounts receivable, net			580,889				560,236				413,397

 

Movements of allowance for expected credit losses accounts are as follows:

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Allowance for expected credit losses, beginning balance			9,102				9,802				7,233
Addition			7,619				-				-
Write-off / recovery			(6,919	)			-				-
Allowance for expected credit losses, ending balance			9,802				9,802				7,233

 

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

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Within 30 days			521,337				515,061				380,063
Between 31 and 60 days			5,698				25,979				19,170
Between 61 and 90 days			10,405				4,733				3,492
More than 90 days			43,449				14,463				10,672
Total accounts receivable, net			580,889				560,236				413,397

 

F-17

 

Note 6 - Deposit for an acquisition

 

Deposit for an acquisition consist of the following:

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Deposit for an acquisition i			3,370,757				3,838,872				2,832,698
Less: Long term portion			-				-				-
Deposit for an acquisition – current portion			3,370,757				3,838,872				2,832,698

 

i

As at June 30, 2024 the Company had a outstanding amounts of S$996,504  which is the outstanding balance of a loan facility that the Company, offered to Ohmyhome Property, Inc. to support working capital for building real estate agency Ohmyhome Property, Inc., with interest charged at 5% per annum and repayment term of 1 year or 14 days from the date of demand, and S$2,686,340 (US$1,986,288) which is the debt purchased from the debt seller on July 3, 2023 and its interest that is owed by Ohmyhome Property, Inc. The total amount includes the interests from the loan facility and debt purchased. The Company intends to acquire Ohmyhome Property Inc. and the amount due from Ohmyhome Property Inc. will be taken into consideration in the potential acquisition.

 

Note 7 – Property and equipment, net

 

Property and equipment, net consist of the following:

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
At cost:
Office furniture and fittings			166,901				167,049				123,265
Office equipment			211,066				223,070				164,603
Leasehold improvements			10,260				14,664				10,821
Total			388,227				404,783				298,689
Accumulated depreciation			(309,959	)			(317,588	)			(234,348	)
Loss of disposal of property and equipment			453				-				-
Property and equipment, net			78,721				87,195				64,341

 

Depreciation expenses for the years ended December 31, 2023 and for the six months ended June 30, 2024 amounted to S$34,448 and S$ 7,630 (US$5,630) respectively.

 

No impairment loss had been recognized for the years ended December 31, 2023 and for the six months ended June 30, 2024, respectively.

 

F-18

 

Note 8 - Intangible Assets

 

Intangible assets, stated at cost less accumulated amortization, consisted of the following:

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Beginning of Period			-				-				-
Customer relationships			1,944,044				1,944,044				1,434,507
Software			271,693				292,090				215,533
Research and development			885,675				1,024,637				756,078
Less: accumulated amortization			(123,848	)			(389,447	)			(287,372	)
End of Period			2,977,564				2,871,324				2,118,746

 

Estimated amortization expense for each of the next five years:

 

		$
For the six months ended December 31, 2024			(417,306	)
For the years ended December 31, 2025			(682,907	)
2026			(682,907	)
2027			(597,322	)
2028			(490,882	)
			(2,871,324	)

 

Note 9 – Goodwill

 

Changes in the carrying amount of goodwill were as follows:

 

		2023				2024				2024
		SGD				SGD				USD
Beginning of year			-				2,213,460				1,633,309
Acquisition (Note 10)			2,213,460				-				-
End of year			2,213,460				2,213,460				1,633,309

 

Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. At June 30, 2024, the Company’s reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. In the qualitative assessment, the Company considers factors such as macroeconomic conditions, industry and market conditions, overall financial performance related to the operation, consider plans and strategies of the reporting unit. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment being recorded.

 

Note 10 – Business combination  

 

On October 6, 2023, Ohmyhome (BVI), a wholly owned subsidiary of the Company, acquired 100% of the total number of issued shares in the capital of Simply Sakal Pte. Ltd. (“Simply”), a tech-enabled property management company in Singapore, for the total consideration of S$4,712,000, consisting of S$1,712,000 in cash and S$3,000,000 in the form of consideration shares, which shall be satisfied by way of the Cash Consideration and the allotment and issuance of the Consideration Shares in four (4) tranches in accordance with the Sale and Purchase Agreement (“SPA”).

 

On October 6, 2023, the Company paid the first tranche of the S$513,600 in Cash Consideration and issued 171,384 Ordinary Shares “to the Simply Sellers in the proportion set out in the SPA, in satisfaction of the Cash Consideration and the Consideration Shares payable and/or to be allotted and issued on the Completion Date, respectively. Upon completion of the Simply Sakal Acquisition, Simply became an indirect wholly-owned subsidiary of the Company.

 

With the acquisition of Simply, Ohmyhome has expanded its services to include property management services, to provide residents of private condominiums and executive condominiums in Singapore with quality estate management services and a technology platform for users to access the services and provide feedback with ease.

 

Acquisition-related costs of S$90,375 (US$68,502) are included in general and administrative expenses in the Company’s income statement for the year ended December 31, 2023. The fair value of the common shares issued as part of the consideration paid for Simply was determined on the basis of the value of the consideration at each issuance as specified in the SPA.

 

F-19

 

Goodwill of S$ 2,213,460 (US$1,677,753) arising from the acquisition consisted largely of synergies resulting from the combining of the operations of the companies. The fair value of S$1,944,044 (US$1,473,542) of intangible assets was related to potential customer relationships derived from existing customers. The following table summarizes the consideration paid for Simply and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

 

		October 6, 2023
Consideration		SGD
Cash			513,600
Equity instruments			750,000
Consideration payables			3,239,193
Fair value of total consideration transferred			4,502,793

 

		SGD
ASSETS
Cash and bank balances			204,289
Accounts receivable			190,283
Prepayments			12,926
Deposits			16,160
Property and equipment, net			27,845
Intangible assets			271,693
Operating lease right-of-use assets, net			14,817
Other assets			43,235
Total assets			781,248
LIABILITIES
Accounts payable			86,798
Accrued liabilities and other payables			242,604
Bank loans, current portion			43,413
Operating lease obligation, current			15,241
Bank loans, non-current portion			47,903
Total liabilities			435,959
Total identifiable net assets			345,289
Intangible asset (customer relationship)			1,944,044
Goodwill			2,213,460
Fair value of total consideration transferred			4,502,793

 

The fair value of net assets acquired includes fair value adjustments to certain receivables that were not considered impaired as of the acquisition date. The fair value adjustments were determined using discounted contractual cash flows. However, the Company believes that all contractual cash flows related to these financial instruments will be collected. As such, these receivables were not considered impaired at the acquisition date and were not subject to the guidance relating to purchased credit impaired loans, which have shown evidence of credit deterioration since origination. Receivables acquired that were not subject to these requirements include customer receivables with a fair value and gross contractual amounts receivable of S$190,283 on the date of acquisition.

 

The following table presents supplemental unaudited pro forma information as if the acquisition had occurred at the beginning of 2023. The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed dates.

 

		December 31, 2023				December 31, 2023
		SGD				USD
Revenue			7,315,963				5,545,337
Net loss			(6,368,852	)			(4,827,448	)
Basic earnings per share			(0.36	)			(0.27	)
Diluted earnings per share			(0.34	)			(0.26	)

 

Note 11 – Stock-based compensation

 

The Company has one share-based compensation plan as describe below. Total compensation cost that has been charged against income for the plan was S$537,756 (US$407,607) during the year ended December 31, 2023. No share-based compensation has been issued for the six months ended June 30, 2024.

 

Stock Option Plan

 

In December 2023, the Company adopted the 2023 Equity Incentive Plan (the “2023 Incentive Plan”), for the purpose of granting share-based compensation awards to employees, directors and consultants to incentivize their performance and align their interests with ours. Under the 2023 Incentive Plan, we are authorized to issue an aggregate of 2,000,000 ordinary shares. As of the date of this annual report, no ordinary shares have been granted and outstanding, 1,025,527 options have been granted and outstanding, of which 688,652 options were granted to certain of our management members and directors.

 

The following summarize the terms of the 2023 Incentive Plan.

 

Types of Awards. The 2023 Incentive Plan permits the awards of options, stock appreciation rights, restricted stock, restricted stock units, stock bonus awards and/or performance compensation awards.

 

Plan Administration. The 2023 Incentive Plan is administered by the Compensation Committee of the Board or any other committee appointed by the Board to administer this Plan (or if no Committee is appointed, the Board). The plan administrator is entitled to determine the participants who are to receive awards, the number of awards to be granted, and the terms and conditions of each award grant.

 

Eligibility. Employees, directors and officers and the consultants of our company are eligible to participate pursuant to the terms of the 2023 Incentive Plan.

 

Conditions of Award. The plan administrator shall determine the participants, types of awards, numbers of shares to be covered by awards, terms and conditions of each award, and provisions with respect to the vesting schedule, settlement, exercise, repurchase, cancellation, forfeiture, restrictions, limitations or suspension of awards.

 

Term of Award. The term of each award shall be fixed by the administrator and is stated in the award agreement between recipient of an award and us. No award shall be granted under the 2023 Incentive Plan after ten years from the date the 2023 Incentive Plan was approved by the board.

 

F-20

 

Vesting Schedule. In general, the plan administrator determines the vesting schedule, which is set forth in the award agreement. Except for 75,986 has vesting period of 1 year, all option has vested immediately from the date of grant.

 

Transfer Restrictions. Unless otherwise determined by the administrator of the 2023 Incentive Plan, no award and no right under any such award shall be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent and distribution or pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment, or similar process.

 

The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock. An illiquidity discount was estimated which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant.

 

The fair value of options granted was determined using the following weighted-average assumptions as of grant date.

 

		2023
Risk-free interest rate			3.93	%
Illiquidity Discount			30	%
Expected stock price volatility			62.3	%
Dividend yield			-	%

 

A summary of the activity in the 2023 Equity Incentive Plan follows:

 

		Options Shares				Weighted Average Exercise Price				Weighted Average Remining Contractual Term (Year)				Aggregate Intrinsic Value
						USD								USD
Outstanding at beginning of year			-				-				-				-
Granted			1,025,527				1.67				9.3				429,388
Exercised			-				-				-				-
Forfeited or expired			-				-				-
Outstanding at end of year			1,025,527				1.67				9.3				429,388
Fully vested and expected to vest			945,541				1.60				9.4
Exercisable at end of year of 2023			945,541				9.4				9.4				407,607

 

Information related to the stock option plan during each year follows:

 

		2022				2023				2023
		SGD				SGD				USD
Intrinsic value of options exercised							-				-
Cash received from option exercises							-				-
Tax benefit from option exercises							-				-
Weighted average fair value of options granted							566,492				429,388

 

As of December 31, 2023, there was S$28,736 (US$21,781) of total unrecognized compensation cost related to non-vested stock options granted under the 2023 Equity Incentive Plan. The cost is expected to be recognized under a weighted average period of 7.4 year.

 

Note 12 – Bank loans

 

Outstanding balances of bank loans consist of the following:

 

Bank Name		Drawn/ Maturities		Interest Rate				Collateral/Guarantee		December 31, 2022 SGD				December 31, 2023 SGD				June 30, 2024 SGD				June 30, 2024 USD
CIMB Bank Berhad, Singapore Branch		August 2020 /August 2023			3.00	%		Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company			23,005				-				-				-
DBS Bank Ltd.		June 2020 /June 2025			3.00	%		Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Anthill, major shareholder of the Company			518,715				315,878				212,158				156,551
Maybank Singapore Limited		November 2020/November 2025			2.75	%		Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company			239,982				159,859				118,964				87,784
United Overseas Bank Limited		November 2020/November 2025			2.25	%		Guaranteed by Mr. Kenneth Chong, Chief Executive Officer and Director of Ohmyhome Property Management Pte Ltd			-				82,018				61,927				45,695
ORIX Leasing Singapore Limited		April 2024/April 2029			7.50	%		Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company			-				-				430,435				317,617
Total											781,702				557,755				823,484				607,647
Bank loans, current portion											305,965				331,528				344,835				254,453
Bank loans, non-current portion											475,737				226,227				478,649				353,194

 

Interest expense for the years ended December 31, 2023 and for the six months ended June 30, 2024 amounted to S$19,105 and S$11,453 (US$8,451) respectively.

 

The maturities schedule is as follows:

 

Twelve months ending June 30,

 

		SGD				USD
2025			344,705				254,357
2026			69,406				51,215
2027			11,088				8182
2028			11,088				8182
2029			387,197				285,712
Total			823,484				607,648

 

F-21

 

Note 13 – Accrued liabilities and other payables

 

The components of accrued expenses and other payables are as follows:

 

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Accrued payroll and welfare*			491,009				187,971				138,704
Accrued expenses**			319,486				466,177				343,991
Other payable***			596,757				256,231				189,074
Total accrued liabilities and other payables			1,407,252				910,379				671,769

 

*	Includes salary and fees due to directors amounting to S$427,896 as of December 31, 2023, and S$171,696 as of June 30, 2024, whereas the salaries were due and payout was postponed as agreed with the directors.

 

**	Accrued expenses mainly consist of accrual of professional service fees and other costs incurred yet to bill.

 

***	Other payable mainly consists of payable for other services and utilities expenses. As of December 31, 2023, there is a short-term advances from directors with a balance of S$541,636 (US$410,548).

 

Note 14 – Related party balances and transactions

 

Nature of relationships with related parties

 

Related parties		Relationship
Ms. Rhonda Wong		Shareholder, Director, Chief Executive Officer
Ms. Race Wong		Shareholder, Director, Chief Operating Officer
Mr. Loh Kim Kang David (“Mr. Loh”)		Shareholder, the Chairman of the board of Directors

 

F-22

 

Related party balances

 

Transaction nature

Name

As of December 31, 2023

As of June 30, 2024

As of June 30, 2024

SGD

SGD

USD

Amount due from

Anthill Corp

3,495

i

3,495

i

2,649

Amount due to

Ms. Wong Wan Chew

240,000

ii

95,848

iv

70,726

Amount due to

Ms Wong Wan Pei

188,425

iii

104,181

iv

76,875

 

i	On June 22, 2023, the Company extended payment for Notarization services for Anthill Corp in view of operational urgency. This amount will be recovered by December 31, 2024 from Anthill Corp.

 

ii	On December 28, 2023, Ms. Wong Wan Chew made short-term advances to the Company S$240,000 for general working capital and general corporate purposes.

 

iii

On March 10 and September 12, 2023, Ms. Wong Wan Pei paid on behalf of the Company using her credit card facility for PropertyGuru advertisement packages for the amounts of S$169,817 and S$110,000, respectively, while the Company repaid the monthly instalments. During the year, the accumulated credit card settlements amounted to S$291,392 and resulted an overpayment of S$11,575. On November 30, 2023, Ms. Wong Wan Pei made short-term advances to the Company S$200,000 for general working capital and general corporate purposes.

 

iv

As of June 30, 2024, an amount of S$85,848 each in salaries of Ms. Wong Wan Chew and Ms. Wong Wan Pei were postponed and used for the Company’s working capital purposes without interest as agreed with the two directors. The Company also has an outstanding balance of S$10,000 and S$18,333 to Ms. Wong Wan Chew and Ms. Wong Wan Pei respectively for installment payments for PropertyGuru advertisement packages.

 

Related party transactions

 

Transaction nature		Name		June 30, 2023				June 30, 2024				June 30, 2024
				SGD				SGD				USD
Brokerage services provided to		Ms. Rhonda Wong			288	(1)			2,100	(1)			1,550
Brokerage services provided to		Mr. David Loh			11,000	(2)			-				-
Emerging and other services to		Mr. David Loh			511,040	(3)			-				-
Emerging and other services to		Ms. Rhonda Wong			-				250	(4)			184
Emerging and other services to		Ms. Race Wong			-				4,770	(5)			3,520

 

	(1)	Ms. Rhonda Wong engaged the Company to handle curtain cleaning services in the six months ended June 30, 2023, and Ms. Rhonda Wong paid the service fee of S$288. In the six months ended June 30, 2024, Ms. Rhonda Wong paid the rental commission to the Company, being S$2,100 (US$1,550) for engaging the Company to look for a tenant.
	(2)	Mr. David Loh engaged the Company to look for a tenant for a property and was completed during the six months ended June 30, 2023. Mr. David Loh paid a service fee of S$11,000 to the Company.

 

(3)

On February 25, 2022, the Company entered into a services agreement with subsequent various orders with Mr. Loh. During the year ended December 31, 2023, revenue recognized for the services agreement with Mr. David Loh for S$511,040.

 

(4)

Ms. Rhonda Wong engaged the Company to provide curtain cleaning services and paid S$250 (US$184) for the service.

 

(5)

Ms. Race Wong engaged the Company to provide house cleaning services and paid S$4,770 (US$3,520) for the service.

 

F-23

 

Note 15 – Income taxes

 

Caymans and BVIs

 

The Company and its subsidiary are domiciled in the Cayman Islands and the British Virgin Islands, respectively. Both localities currently enjoy permanent income tax holidays; accordingly, the Company and Ohmyhome BVI do not accrue income taxes.

 

Singapore

 

Ohmyhome (S), Ohmyhome Renovation Pte Ltd, Ohmyhome Insurance Pte Ltd, Cora Pro Pte Ltd and DreamR Projects Pte. Ltd., Ohmyhome Property Management Pte. Ltd. are incorporated in Singapore and are subject to Singapore Corporate Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable tax rate is 17% in Singapore, with 75% of the first S$10,000 taxable income and 50% of the next S$190,000 taxable income exempted from income tax.

 

Net operating loss will be carried forward indefinitely under Singapore profits tax regulation. As of December 31, 2021, 2022 and 2023, the Company did not generate net taxable income to utilize net operating loss, which will carry forwards to offset future taxable income.

 

Malaysia

 

Ohmyhome Sdn Bhd and Ohmyhome Realtors Sdn Bhd are subject to Malaysia Corporate Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Malaysia tax laws. The standard corporate income tax rate in Malaysia is 24%. However, if the company has a paid-up capital of MYR 2.5 million or less, and gross income from business of not more than MYR 50 million, the tax rate will be 17% on the first MYR 600,000 and 24% on amount exceeding MYR 600,000.

 

The operations in Malaysia incurred cumulative net operating losses which can be carried forward for a maximum period of seven consecutive years to offset future taxable income.

 

The components of loss before income taxes were comprised of the following:

 

		December 31, 2022				December 31,2023				June 30, 2024				June 30, 2024
		SGD				SGD				SGD				USD
Tax jurisdiction from:
Singapore			(2,959,534	)			(5,434,925	)			(2,268,804	)			(1,689,761	)
Malaysia			(114,507	)			(81,299	)			(10,581	)			(7,807	)
Loss before income taxes provision			(3,074,041	)			(5,516,224	)			(2,279,385	)			(1,681,954	)

 

The provision for income taxes consisted of the following: 

 

		December 31, 2022				December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				SGD				USD
Deferred tax assets:
Singapore			503,121				924,114				385,697				287,259
Malaysia			19,466				13,644				1,799				1,327
Less: valuation allowance
Singapore			(503,121	)			(924,114	)			(385,697	)			(287,259	)
Malaysia			(19,466	)			(13,644	)			(1,799	)			(1,327	)
Deferred tax assets			-				-				-				-

 

F-24

 

Uncertain tax positions

 

The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31, 2022, 2023 and June 30, 2024, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2021, 2022 and 2023 and also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2023.

 

Note 16 – Equity

 

Ordinary shares

 

For the sake of undertaking a public offering of the Company’s ordinary shares, the Company has performed a series of re-organizing transactions resulting in 16,250,000 shares of ordinary shares outstanding that have been retroactively restated to the beginning of the first period presented. A further 2,800,000 shares were issued by March 23, 2023, and 171,384 shares were issued on October 6, 2023, resulting in 19,221,384 shares of ordinary shares outstanding as at December 31, 2023. The Company only has one single class of ordinary shares that are accounted for as permanent equity.

 

On February 16, 2024, additional 3,555,555 ordinary shares were issued in a public offering. Additionally, 24,513 ordinary shares were issued as a result of exercise of employee share options. As of June 30, 2024, total shares outstanding was 22,801,452 ordinary shares.

 

Note 17 – Commitment and Contingencies 

 

Lease commitments

 

The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which results in an economic penalty.

 

F-25

 

The Company has two property lease agreements with lease terms ranging for one year and two years, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term with one year.

 

For the years ended December 31, 2021, 2022 and 2023, there were no rent expenses for the short term lease.

 

The Company’s commitment for minimum lease payments under the operating lease that is within twelve months as of June 30, 2024 as follow:

 

Twelve months ending June 30,		Minimum lease payment
2025			282,900
2026			11,119
Total future lease payment			294,019
Amount representing interest			(2,308	)
Present value of operating lease liabilities			291,711
Less: current portion			(280,592	)
Long-term portion			11,119

 

The following summarizes other supplemental information about the Company’s operating lease as of June 30, 2024:

 

Weighted average discount rate			2.15	%
Weighted average remaining lease term (years)			1.0 years

 

Note 18 – Subsequent events

 

The Company has assessed all events from June 30, 2024, up through September 25, 2024 which is the date that these unaudited interim condensed consolidated financial statements are available to be issued.

 

On September 9, 2024, Ms. Rhonda Wong and Ms. Race Wong (“Withholding Directors”) has entered into Compensation Settlement Agreements to settle the outstanding amount of salaries due for the period from January to August 2024 via issuance of 217,565 ordinary shares to each of the Withholding Directors.

 

Aside to this, there are no material subsequent events that require disclosure in these consolidated financial statements.

 

F-26

 

Cover	6 Months Ended
	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-41647
Entity Registrant Name	OHMYHOME LIMITED
Entity Central Index Key	0001944902
Entity Address, Address Line One	11 Lorong 3 Toa Payoh
Entity Address, Address Line Two	Block B, #04-16/21
Entity Address, City or Town	Jackson Square
Entity Address, Country	SG
Entity Address, Postal Zip Code	319579

Interim Condensed Consolidated Balance Sheets (Unaudited)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Current assets
Cash and cash equivalents	$ 1,803,679	$ 2,444,346	$ 191,807
Accounts receivable, net	413,397	560,236	580,889
Prepayments	245,187	332,277	211,976
Other current assets, net	8,140	11,033	8,417
Total current assets	2,470,403	3,347,892	993,089
Non-current assets
Deposits	78,889	106,911	111,275
Property and equipment, net	64,341	87,195	78,721
Deferred initial public offering ("IPO") costs			114,794
Operating lease right-of-use assets	207,000	280,526	442,280
Deposit for an acquisition	2,832,698	3,838,872	3,370,757
Intangible asset	2,118,746	2,871,324	2,977,564
Goodwill	1,633,309	2,213,460	2,213,460
Total non-current assets	6,934,983	9,398,288	9,308,851
Total assets	9,405,386	12,746,180	10,301,940
Current liabilities
Accounts payable	256,555	347,684	449,031
Contract liabilities	66,611	90,271	103,655
Accrued liabilities and other payables	671,769	910,379	1,407,252
Bank loans, current portion	254,453	344,835	331,528
Amount due to a shareholder
Operating lease obligation	207,049	280,592	342,983
Taxes payable	119,161	161,487	86,788
Total current liabilities	1,575,598	2,135,248	2,721,237
Non-current liabilities:
Bank loans, non-current portion	353,194	478,649	226,227
Operating lease obligation, non-current	8,205	11,119	112,708
Consideration payables	2,390,195	3,239,193	3,239,193
Total non-current liabilities	2,751,594	3,728,961	3,578,128
Total liabilities	4,327,192	5,864,209	6,299,365
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Ordinary Shares, US$0.001 par value, 500,000,000 shares authorized, 19,221,384 shares issued and outstanding as of December 31, 2023, and 22,801,452 shares issued and outstanding as of June 30, 2024, respectively	22,801	30,901	25,926
Additional paid-in capital	20,475,855	27,748,879	22,522,570
Stock based compensation reserve	389,869	528,351	537,756
Accumulated other comprehensive income	(71,722)	(97,197)	(34,099)
Accumulated deficit	(15,406,761)	(20,879,243)	(18,601,243)
Total OHMYHOME LIMITED shareholders' equity	5,410,042	7,331,691	4,450,910
Non-controlling interests	(331,848)	(449,720)	(448,335)
Total shareholders' equity	5,078,194	6,881,971	4,002,575
Total liabilities and shareholders' equity	9,405,386	12,746,180	10,301,940
Officer [Member]
Current assets
Amount due from a shareholder

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	22,801,452	19,221,384
Common stock, shares outstanding	22,801,452	19,221,384

Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 SGD ($) $ / shares shares	Jun. 30, 2023 SGD ($) $ / shares shares
Operating revenues
Total operating revenues	$ 3,298,472	$ 4,470,089	$ 2,167,021
Cost of revenues
Total cost of revenues	(2,066,072)	(2,799,940)	(1,363,376)
Gross profit	1,232,400	1,670,149	803,645
Operating expenses
Technology and development expenses	(582,174)	(788,962)	(1,096,651)
Selling and marketing expenses	(729,687)	(988,872)	(848,504)
General and administrative expenses	(1,272,752)	(1,724,834)	(881,313)
Professional Fees related to Listing and Acquisitions	(338,614)	(458,890)	(421,677)
Depreciation and Amortization	(322,673)	(437,287)	(182,531)
Total operating expenses	(3,245,900)	(4,398,845)	(3,430,676)
Loss from operations	(2,013,500)	(2,728,696)	(2,627,031)
Other income (expense):
Stock-based compensation
Interest income	100,855	136,679	24,454
Interest expense	(10,998)	(14,904)	(16,721)
Government grants	33,514	45,418	8,399
Foreign exchange, net	196,736	266,616	114,013
Other income, net	11,439	15,502
Total other income, net	331,546	449,311	130,145
LOSS BEFORE INCOME TAXES	(1,681,954)	(2,279,385)	(2,496,886)
Income tax expense
NET LOSS	(1,681,954)	(2,279,385)	(2,496,886)
Less: Net loss attributable to non-controlling interest	(1,022)	(1,385)	(22,030)
Net loss attributable to OHMYHOMELTD	(1,680,932)	(2,278,000)	(2,474,856)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment	(46,560)	(63,098)	32,408
TOTAL COMPREHENSIVE LOSS	(1,728,514)	(2,342,483)	(2,464,478)
Less: Comprehensive loss attributable to non-controlling interests	(1,022)	(1,385)	(22,030)
COMPREHENSIVE LOSS ATTRIBUTABLE TO OHMYHOME LIMITED	$ (1,727,492)	$ (2,341,098)	$ (2,442,448)
Weighted average number of ordinary shares:
Basic	21,864,942	21,864,942	19,050,000
Diluted	23,262,574	23,262,574	19,050,000
LOSS PER SHARE – BASIC AND DILUTED
Basic | (per share)	$ (0.07)	$ (0.11)	$ (0.13)
Diluted | (per share)	$ (0.07)	$ (0.10)	$ (0.13)
Independent Third Parties [Member]
Operating revenues
Total operating revenues	$ 3,293,218	$ 4,462,969
Related Parties [Member]
Operating revenues
Total operating revenues	5,254	7,120
Brokerage Services [Member]
Operating revenues
Total operating revenues	1,131,415	1,533,293	$ 1,345,726
Cost of revenues
Total cost of revenues	(579,975)	(785,983)	(732,930)
Gross profit	551,440	747,310	612,796
Brokerage Services [Member] | Independent Third Parties [Member]
Operating revenues
Total operating revenues	1,129,865	1,531,193	1,334,438
Brokerage Services [Member] | Related Parties [Member]
Operating revenues
Total operating revenues	1,550	2,100	11,288
Property Management [Member]
Operating revenues
Total operating revenues	1,463,661	1,983,553
Cost of revenues
Total cost of revenues	(978,059)	(1,325,466)
Gross profit	485,602	658,087
Property Management [Member] | Independent Third Parties [Member]
Operating revenues
Total operating revenues	1,463,661	1,983,553
Property Management [Member] | Related Parties [Member]
Operating revenues
Total operating revenues
Emerging and Other Services [Member]
Operating revenues
Total operating revenues	703,396	953,243	821,295
Cost of revenues
Total cost of revenues	(508,038)	(688,491)	(630,446)
Gross profit	195,358	264,752	190,849
Emerging and Other Services [Member] | Independent Third Parties [Member]
Operating revenues
Total operating revenues	699,692	948,223	310,255
Emerging and Other Services [Member] | Related Parties [Member]
Operating revenues
Total operating revenues	$ 3,704	$ 5,020	$ 511,040

Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited)	Common Stock [Member] USD ($) shares	Common Stock [Member] SGD ($) shares	Additional Paid-in Capital [Member] USD ($) shares	Additional Paid-in Capital [Member] SGD ($) shares	Deferred Compensation, Share-Based Payments [Member] USD ($) shares	Deferred Compensation, Share-Based Payments [Member] SGD ($) shares	AOCI Attributable to Parent [Member] USD ($) shares	AOCI Attributable to Parent [Member] SGD ($) shares	Retained Earnings [Member] USD ($) shares	Retained Earnings [Member] SGD ($) shares	Noncontrolling Interest [Member] USD ($) shares	Noncontrolling Interest [Member] SGD ($) shares	USD ($) shares	SGD ($) shares
Balance at Dec. 31, 2022 | $		$ 21,970		$ 11,292,123				$ 36,153		$ (13,131,513)		$ (401,841)		$ (2,183,108)
Balance, shares at Dec. 31, 2022	16,250,000	16,250,000
Issuance of new shares | $		$ 3,956		$ 11,230,447										$ 11,234,403
Issuance of new shares, shares	2,971,384	2,971,384
Stock-based compensation					537,756	537,756							537,756	537,756
Net loss | $										$ (5,469,730)		$ (46,494)		$ (5,516,224)
Foreign currency translation adjustment | $								(70,252)						(70,252)
Balance at Dec. 31, 2023 | $		$ 25,926		22,522,570		537,756		(34,099)		(18,601,243)		(448,335)		4,002,575
Balance, shares at Dec. 31, 2023	19,221,384	19,221,384
Issuance of new shares | $		$ 4,975		$ 5,226,309										$ 5,231,284
Issuance of new shares, shares	3,580,068	3,580,068
Stock-based compensation					(9,405)	(9,405)							(9,405)	(9,405)
Net loss										$ (2,278,000)		$ (1,385)	$ (1,681,954)	$ (2,279,385)
Foreign currency translation adjustment								(63,098)					(46,560)	(63,098)
Balance at Jun. 30, 2024	$ 22,801	$ 30,901	$ 20,475,855	$ 27,748,879	$ 389,869	$ 528,351	$ (9,483)	$ (97,197)	$ (15,469,000)	$ (20,879,243)	$ (331,848)	$ (449,720)	$ 5,078,194	$ 6,881,971
Balance, shares at Jun. 30, 2024	22,801,452	22,801,452

Interim Condensed Consolidated Statements of Cash Flows (Unaudited)	6 Months Ended			12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,681,954)	$ (2,279,385)	$ (2,496,886)		$ (5,516,224)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation				$ 407,607	537,756
Depreciation of property and equipment	5,630	7,630	20,777		34,448
Amortization of operating lease right-of-use assets	121,057	164,057	161,754
Amortization of intangible assets	195,986	265,600
Provision for expected credit losses accounts			7,619
Loss of disposal of property and equipment
Interest Income	(66,428)	(90,023)
Changes in assets and liabilities:
Accounts receivable	15,240	20,653	19,773
Prepayments	(80,891)	(109,624)	(76,195)
Other current assets, net	138,186	187,270	(7,979)
Deposits	4,659	6,314	173
Accounts payable	(74,784)	(101,347)	75,921
Contract liabilities	(9,876)	(13,384)	(150,834)
Accrued liabilities and other payables	(1,342)	(1,819)	82,359
Other taxes payable	55,249	74,874	(25,101)
Operating lease obligation	(121,001)	(163,980)	(157,781)
NET CASH USED IN OPERATING ACTIVITIES	(1,500,269)	(2,033,164)	(2,546,400)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(11,883)	(16,104)	(2,880)
Purchases of intangible assets	(117,592)	(159,360)
Deposit for an acquisition	(345,421)	(468,115)	(284,550)
NET CASH USED IN INVESTING ACTIVITIES	(474,896)	(643,579)	(287,430)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from common share issued for cash	3,671	4,975	3,722
Amounts repayment to a shareholder, net			(2,290,044)
Net proceeds from public offering	3,849,545	5,216,904	11,292,152
Proceeds from long-term loans	315,242	427,216
Repayment to directors	(365,428)	(495,228)
Repayment of long-term loans	(119,161)	(161,487)	(157,655)
NET CASH PROVIDED BY FINANCING ACTIVITIES	3,683,869	4,992,380	8,848,175
Foreign currency effect	(46,559)	(63,098)	32,408
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,662,145	2,252,539	6,046,753
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	141,534	191,807	301,433		301,433
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT PERIOD END	1,803,679	2,444,346	6,348,186	$ 141,534	$ 191,807
Cash paid for:
Bank Loan and Operating Lease Interest	$ 17,233	$ 14,904	$ 16,721

Nature of business and organization	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Nature of business and organization	Note 1 – Nature of business and organization   Ohmyhome Limited (the “Company”) is a holding company incorporated on July 19, 2022, under the laws of the Cayman Islands. The Company has no substantial operations other than holding all of the outstanding share capital of Ohmyhome (BVI) Limited (“Ohmyhome BVI”) established under the laws of the British Virgin Islands (“BVI”) on July 27, 2022. Ohmyhome BVI has no substantial operations other than holding all of the equity interest of Ohmyhome Pte. Ltd. (“Ohmyhome (S)”), a Singapore company incorporated on June 12, 2015.   The Company, through its wholly-owned subsidiary, Ohmyhome (S), and its subsidiaries, provides end-to-end property solutions and services for its customers such as brokerage services and emerging and other services, such as home renovation and furnishing services, listing and research, mortgage referral, legal services and insurance referral services.   On November 30, 2022, the Company completed a reorganization of Ohmyhome (S) under common control of its then existing shareholders, who collectively owned all the equity interests of Ohmyhome (S) prior to the reorganization. Prior to the re-organization, Ohmyhome (S) was directly owned and controlled by Anthill and the Other Existing Shareholders with 57.79% and 42.21% beneficial ownership interest, respectively. As a result of certain share swaps and related issuances by and among, Anthill and the Other Existing Shareholders, the Company, Ohmyhome (BVI) Limited, and Ohmyhome (S) whereby Ohmyhome (S) ultimately became a wholly-owned subsidiary of Ohmyhome (BVI) Limited, and Ohmyhome (BVI) Limited became a wholly owned subsidiary of the Company, and Anthill and the Other Existing Shareholders became the beneficial owners of the Company with percentage ownerships of 57.79% and 42.21%. The Company has accounted for these re-organizations as a transfer of assets between entities under common control in accordance with ASC 805-50-50-3 to 4 because the economic interests of Anthill and the Other Existing Shareholders remained the same immediately before and immediately after the re-organization, as such, the accompanying financial statements include the results of operations of Ohmyhome (S) for two operating periods in accordance with guidance set forth in ASC 805-50-45-2 to 5. The unaudited interim condensed consolidated financial statements  are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying unaudited interim condensed consolidated financial statements  of the Company.   On March 23, 2023, the Company completed its initial public offering. In this offering, the Company issued 2,800,000 Ordinary Shares at a price of US$4.00 per share. The Company received gross proceeds in the amount of US$11.2 million before deducting any underwriting discounts or expenses. The Ordinary Shares began trading on March 21, 2023 on the Nasdaq Capital Market under the ticker symbol “OMH.”   On October 6, 2023, Ohmyhome (BVI), a wholly owned subsidiary of the Company, completed the acquisition of 100% of the issued share capital of Simply Sakal Pte. Ltd. that provides estate management services for residential, commercial and industrial real estate in Singapore. Subsequent to the completion of the acquisition, Simply Sakal Pte. Ltd. has changed its name to Ohmyhome Property Management Pte. Ltd. on November 8, 2023.   The accompanying unaudited interim condensed consolidated financial statements  reflect the activities of the Company and each of the following entities:   Name   Background   Ownership %   Principal of activity Ohmyhome (BVI) Limited   ● A BVI company ● Incorporated on July 27, 2022   100% owned by the Company   Investment holding               Ohmyhome (S)   ● A Singapore company ● Incorporated on June 12, 2015   100% owned by Ohmyhome BVI   Principally engaged in the provision of a one-stop-shop property platform for its customers               Ohmyhome Property Management Pte. Ltd. (formerly Simply Sakal Pte. Ltd.)   ● A Singapore company ● Incorporated on January 4, 1995 ● Acquired by Ohmyhome (BVI) on October 6, 2023 ● Changed its entity name to Ohmyhome Property Management Pte. Ltd. on November 8, 2023   100% owned by Ohmyhome (BVI)   Principally engaged in the provision of estate management services for residential, commercial and industrial real estate in Singapore.               Ohmyhome Renovation Pte. Ltd.   ● A Singapore company ● Incorporated on March 5, 2020     100% owned by Ohmyhome (S)   Principally engaged in design and build, project management for interior decoration projects for residential and commercial units.               Ohmyhome Insurance Pte. Ltd.   ● A Singapore company ● Incorporated on March 5, 2020   100% owned by Ohmyhome (S)   Dormant               Cora.Pro Pte. Ltd.   ● A Singapore company ● Incorporated on May 31, 2020   100% owned by Ohmyhome (S)     Principally engaged in distributing technology platform product for property management firms and developers to facilitate communication, facility booking, fee and tax payments.               DreamR Project Pte. Ltd. (formerly Ganze Pte. Ltd.)   ● A Singapore company ● Incorporated on December 7, 2021 ● Changed its entity name from Ganze Pte. Ltd. To DreamR Project Pte. Ltd. on June 5, 2023   100% owned by Ohmyhome (S)   Principally engaged in interior decoration projects of high-end residential and commercial units.               Ohmyhome Sdn. Bhd. (“Ohmyhome (M)”)   ● A Malaysia company ● Incorporated on January 17, 2019     49% owned by Ohmyhome (S)   Principally engaged in the provision of a one-stop-shop property platform for its customers in Malaysia               Ohmyhome Realtors Sdn. Bhd.   ● A Malaysia company ● Incorporated on January 17, 2019   49% owned by Ohmyhome (M)*   Principally engaged in the provision of brokerage service for its customers     * Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company.

Liquidity and going concern	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and going concern	Note 2 – Liquidity and going concern   In assessing the Company’s liquidity, the Company monitors and evaluates its cash and cash equivalent and its operating and capital expenditure commitments.   The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations. Cash flow from operations and capital contributions and loans from shareholders have been utilized to finance the working capital requirements of the Company. For the six months ended June 30, 2024, the Company had negative cash flow from operating activities of S$2,033,164 (US$1,500,269). The Company’s working capital surplus was $1,212,644 (US$894,805) as of June 30, 2024. And the Company had S$2,444,346 (US$1,803,679) in cash and cash equivalents, which is unrestricted as to withdrawal and use as of June 30, 2024.   On February 16, 2024, the Company completed its follow-on public offering. In this offering, the Company issued 3,555,555 Ordinary Shares at a price of US$1.35 per share. The Company received gross proceeds in the amount of US$4.8 million before deducting any underwriting discounts or expenses. Ohmyhome Pte. Ltd., a wholly owned subsidiary of the Company, has received and signed a Letter of Offer for a working capital loan of S$432,000 (US$327,397) by an established private lender on February 2, 2024, with a loan term of 5 years at an interest rate of 7.50% per annum. In view of these circumstances, the management of the Company has given consideration to the future liquidity and performance of the Company and its available sources of finance in assessing whether the Company will have sufficient financial resources to continue as a going concern.   To sustain its ability to support the Company’s operating activities, the Company considered supplementing its sources of funding through the following:   ● cash and cash equivalents generated from operations; ● other available sources of financing from Singapore and Malaysia banks and other financial institutions; ● financial support from the Company’s related parties and shareholders; ● issuance of additional convertible notes; and ● obtaining funds through a future public offering.   Management has commenced a strategy to raise debt and equity. However, there can be no certainty that these additional financings will be available on acceptable terms or at all. If management is unable to execute this plan, there would likely be a material adverse effect on the Company’s business.   Based on the above considerations, management believes that the Company has sufficient funds to meet its operating and capital expenditure needs and obligations in the next 12 months. However, there is no assurance that the Company will be successful in implementing the foregoing plans or additional financing will be available to the Company on commercially reasonable terms. There are a number of factors that could potentially arise that could undermine the Company’s plans such as (i) client’s business and areas of operations in Singapore and Malaysia, (ii) changes in the demand for the Company’s services, (iii) government policies, and (iv) economic conditions in Singapore, Malaysia and worldwide. The Company’s inability to secure needed financing when required may require material changes to the Company’s business plan and could have a material impact on the Company’s financial conditions and result of operations.

Summary of significant accounting policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of significant accounting policies	Note 3 – Summary of significant accounting policies   Basis of presentation   Management’s opinion is that the accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operation results. The results of operations for the six months ended June 30, 2024 are not necessarily indicative of results to be expected for the full year of 2024. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements thereto as of and for the years ended December 31, 2023.   Principles of consolidation   The unaudited interim condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.   Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of Directors, or to cast a majority of votes at the meeting of Directors.   Non-controlling interest represents the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interest is presented in the unaudited interim condensed consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interest’s operating result is presented on the face of the unaudited interim condensed consolidated statements of income and comprehensive loss as an allocation of the total loss for the year between non-controlling shareholders and the shareholders of the Company.   Use of estimates and assumptions   The preparation of unaudited interim condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s financial statements include, but not limited to, estimates for useful lives of intangible assets, impairment of long-lived assets, deferred taxes and uncertain tax position, and allowance for expected credit loss and revenue recognition. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the unaudited interim condensed financial statements.    Risks and uncertainties   The main operations of the Company are in Singapore. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Singapore, as well as by the general state of the economy in Singapore. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Singapore. The Company believes that it is following existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results.   The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could significantly disrupt the Company’s operations.     Foreign currency translation and transaction   The accompanying unaudited interim condensed financial statements are presented in the Singapore Dollars (“SGD” or “S$”), which is the reporting currency of the Company. The functional currency of the Company and its subsidiary in the British Virgin Islands is United States Dollars (“USD” or “US$”), its other subsidiaries which are incorporated in Singapore and Malaysia are SGD and Malaysia ringgit (“RM”), respectively, which are their respective local currencies based on the criteria of ASC 830, “Foreign Currency Matters”.   In the unaudited interim condensed consolidated financial statements, the financial information of the Company and other entities located outside of Singapore has been translated into SGD. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period.   The following table outlines the currency exchange rates that were used in creating the unaudited interim condensed financial statements in this report:         June 30, 2023       December 31, 2023       June 30, 2024   Period-end spot rate     SGD1.00 = RM3.4518       SGD1.00 = RM3.4819       SGD1.00 = RM3.4746   Average rate     SGD1.00 = RM3.3382       SGD1.00 = RM3.3932       SGD1.00 = RM3.5035                             Period-end spot rate     SGD1.00 = USD0.7395       SGD1.00 = USD0.7580       SGD1.00 = USD0.7379   Average rate     SGD1.00 = USD0.7484       SGD1.00 = USD0.7447       SGD1.00 = USD0.7431     Convenience translation   Translations of balances in the unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of income, unaudited interim condensed consolidated statements of changes in shareholders’ equity and unaudited interim condensed consolidated statements of cash flows from SGD into USD as of June 30, 2024 are solely for the convenience of the readers and are calculated at the rate of SGD1.00 = USD0.7379, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on June 28, 2024. No representation is made that the SGD amounts could have been, or could be, converted, realized or settled into USD at such rate, or at any other rate.   Cash and cash equivalents   Cash and cash equivalents primarily consist of bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. Cash and cash equivalents also consist of funds earned from the Company’s operating revenues which were held at third party platform fund accounts which are unrestricted as to immediate use or withdrawal. The Company maintains most of its bank accounts in Singapore and Malaysia.   Accounts receivable and allowance for expected credit losses   Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 90 days. Management reviews its receivables on a regular basis to determine if the allowance for expected credit loss is adequate and provides allowance when necessary. The allowance is based on management’s best estimates of specific losses on individual customer exposures, as well as the historical trends of collections. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. As of December 31, 2023 and June 30, 2024, the Company made S$9,802 and S$9,802 (US$7,233) allowance for expected credit losses for accounts receivable, respectively.   Prepayments   Prepayments are mainly payments made to vendors or services providers for future services that have not been provided and prepaid rent. These amounts are refundable and bear no interest. Management reviews its prepayments on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. As of December 31, 2023 and June 30, 2024, no allowance was deemed necessary.     Deferred IPO costs   Pursuant to ASC 340-10-S99-1, IPO costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. These costs include legal fees related to the registration drafting and counsel, consulting fees related to the registration preparation, the SEC filing and print related costs. As of December 31, 2022, the accumulated deferred IPO cost was S$676,321 (US$504,567). As of March 21, 2023 the Group successfully listed in the US Nasdaq. Hence, these deferred IPO costs had charged against the gross proceeds of the offering as a reduction of additional paid-in capital.   The Company has subsequently completed a follow-on public offering of 3,555,555 ordinary shares on February 16, 2024. As of December 31, 2023, the accumulated deferred costs related to the follow-on public offering were S$114,794 (US$87,012).   As of June 30, 2024, the accumulated deferred costs related to public offering were S$0.   Deposits   Deposits are mainly for rent, utilities and money deposited with certain vendors. These amounts are refundable and bear no interest. The short-term deposits usually have a one-year term and are refundable upon contract termination. The long-term deposits are refunded from suppliers when terms and conditions set forth in the agreements have been satisfied.   Other current assets, net   Other current assets, net, primarily consists of other receivables from third parties. These other receivables are unsecured and are reviewed periodically to determine whether their carrying value has become impaired.   Property and equipment, net   Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:       Expected useful lives Leasehold improvements   lesser of lease term or expected useful life Office furniture and fittings   3-5 years Office equipment   3-5 years Computers   3 years   The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the unaudited interim condensed consolidated statements of operations and comprehensive loss. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.   Business combination   The purchase price of an acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values, with the residual of the purchase price recorded as goodwill. Transaction costs associated with business combinations are expensed as incurred and are included in general and administrative expenses in the Company’s consolidated statements of operations. The results of operations of the acquired business are included in the Company’s operating results from the date of acquisition.   Goodwill   Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of an acquired business. In accordance with ASC Topic 350, Goodwill and Other Intangible Assets (“ASC 350”), recorded goodwill amounts are not amortized, but rather are tested for impairment annually or more frequently if there are indicators of impairment present.   In accordance with ASC 350, the Company assigned and assessed goodwill for impairment at the reporting unit level. A reporting unit is an operating segment or one level below the operating segment. As of December 31, 2023 and June 30, 2024, the Company as a whole is the reporting unit of goodwill.   Pursuant to ASC 350, the Company has an option to assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In the qualitative assessment, the Group considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations. If the Group decides, as a result of its qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value based on discounted cash flow of each reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss equal to the difference will be recorded. The impairment charge would be recorded in the consolidated statements of income and comprehensive income.   Application of the goodwill impairment test requires judgment, including the determination of the fair value of each reporting unit. Estimating fair value is performed by utilizing various valuation techniques, with a primary technique being a discounted cash flow which requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for the Company’s business, estimation of the useful life over which cash flows will occur, and determination of the Company’s weighted average cost of capital.   Intangible Assets   Intangible assets consist of software and capitalized research and development and customer relationship acquired from a business combination. Intangible assets with finite lives are carried at cost less accumulated amortization and impairment loss, if any. Intangible assets with finite lives are amortized using the straight-line method over the estimated useful lives.     Capitalized Software and research and development   The Company capitalizes certain eligible software development costs incurred in connection with its internal use software in accordance with ASC 350-40, Internal-use Software and ASC 985, Software. These capitalized costs also relate to the Company’s development of a proprietary software, HomerAI as well as a few ongoing development technology software. Capitalized software costs are amortized over the estimated useful life of 5 years. Capitalization begins once the application development stage begins, management has authorized and committed to funding the project, it is probable the project will be completed, and the software will be used to perform the function intended. Internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. The Company expenses all costs incurred that relate to planning and post-implementation phases of development. Intangible assets are assessed for impairment when events or circumstances indicate the existence of a possible impairment, and none were identified in the year ended December 31, 2023.   During the year ended December 31, 2023, the Company capitalized S$0.9 million (US$0.7 million), and during the six months ended 30, 2024, the Company capitalized S$159,360 (US$117,592) under ASC 350 included in intangible assets.   Intangible assets that have determinable lives continue to be amortized over their estimated useful lives as follows:   Software and research and development     5 years   Customer relationships     5 years     Impairment for long-lived assets other than goodwill   Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than it was originally estimated. When these events occur, the Company, its wholly-owned subsidiaries evaluate the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, an impairment loss is recognized based on the excess of the carrying value of the assets over the fair value of the assets.   For the years ended December 31, 2023 and the six months ended June 30, 2024, the Company, its wholly-owned subsidiaries, Ohmyhome BVI and Ohmyhome BVI’s subsidiaries did not accrue impairment charge against intangible assets, including the customer relationship and software and technology.   The customer relationship arose from acquisition of Ohmyhome Property Management Pte. Ltd. by the Ohmyhome BVI in 2023.   For the year ended December 31, 2023 and the six months ended June 30, 2024, the Company did not accrue impairment charge against software and technology.   Fair value measurement   The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.   The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follows:     ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.       ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.     ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.   Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.   Stock-based compensation   On December 19, 2023, the Board of Directors adopted the 2023 Equity Incentive Plan (the “2023 Incentive Plan”). Stock-based awards are measured at the grant date based on the fair value of the award and are recognized as expense, net of actual forfeitures, on a straight-line basis over the requisite service period, which is generally the vesting period of the respective award. The Company estimates the fair value of stock options using the Black-Scholes option pricing model. The determination of the grant date fair value of stock awards issued is affected by a number of variables, including the fair value of the Company’s common stock, the expected common stock price volatility over the expected life of the awards, the expected term of the stock option, risk-free interest rates, the illiquidity of the option given its non-transferability, and the expected dividend yield of the Company’s common stock. The Company derives its volatility from the average historical stock volatilities of the Company over a period equivalent to the expected term of the awards. The risk-free interest rate is based on the United States Treasury yield curve in effect at the time of grant. The expected dividend yield is 0.0% as the Company has not paid and does not currently anticipate paying dividends on its common stock.   Stock-based compensation expense is classified in the accompanying consolidated statement of operations.   Revenue recognition   Effective January 1, 2020, the Company adopted ASC Topic 606, Revenue from Contracts with Customers, which replaced ASC Topic 605, using the modified retrospective method of adoption. Results for reporting periods beginning after January 1, 2020 are presented under ASC Topic 606 while prior period amounts are not adjusted and continue to be presented under the Company’s historic accounting under ASC Topic 605. The Company’s accounting for revenue remains substantially unchanged. There were no cumulative effect adjustments for service contracts in place prior to January 1, 2020. The effect from the adoption of ASC Topic 606 was not material to the Company’s unaudited interim condensed consolidated financial statements.   The five-step model defined by ASC Topic 606 requires the Company to:   (1) identify its contracts with customers; (2) identify its performance obligations under those contracts; (3) determine the transaction prices of those contracts; (4) allocate the transaction prices to its performance obligations in those contracts; and (5) recognize revenue when each performance obligation under those contracts is satisfied. Revenue is recognized when promised services are transferred to the client in an amount that reflects the consideration expected in exchange for those services.   The Company enters into service agreements with its customers that outline the rights, responsibilities, and obligations of each party. The agreements also identify the scope of services, service fees, and payment terms. Agreements are acknowledged and signed by both parties. All the contracts have commercial substance, and it is probable that the Company will collect considerations from its customers for service component.   The Company has utilized the allowable practical expedient in the accounting guidance and elected not to capitalize costs related to obtaining contracts with customers with durations of less than one year. We do not have significant remaining performance obligations.   The Company derives its revenues from three sources: (1) revenue from brokerage services, (2) revenue from emerging and other related services, and (3) revenue from estate management services and other related services.     1) Brokerage services   The Company earns brokerage services revenue from provision of brokerage and documentation services for buying, selling, and leasing and renting properties. The Company recognizes commission-based brokerage revenue upon closing of a brokerage transaction and concurrently issues invoice. The transaction price is generally calculated by taking the agreed upon commission rate and applying that to the home’s selling price. Brokerage revenue primarily contains a single performance obligation that is satisfied upon the closing of a transaction, at which point the entire transaction price is earned. We are not entitled to any commission until the performance obligation is satisfied and are not owed any commission for unsuccessful transactions, even if services have been provided. The Company is considered to be the principal agent as it has the right to determine the service price and to define the service performance obligations, it has control over services provided and it is fully responsible for fulfilling the agency services pursuant to the housing agency service contracts it signed with the housing customers. Accordingly, the Company accounts for the commissions from these agency service contracts on a gross basis, with any commissions paid to other brokerage firms recorded as a cost of revenue. Typical payment terms set forth in the invoice is within 30 days.       2) Emerging and other related services   The Company generates revenues from emerging and other services such as financial services and home renovation and furnishing services. Service fees for emerging and other services are generally recognized as revenues when services are provided.     3) Estate management services and other related services   Ohmyhome Property Management Pte. Ltd. earns estate management services revenue from Management Corporate Strata Titles (MCSTs) by being appointed as the Managing Agent for the respective estates to provide routine management, administration and secretarial services, accounting and finance management, and the operation and maintenance of the estates. Management believes that the estate management services are integrated services, and it is impractical to assess standalone value to each service; accordingly, the estate management services should be considered as single performance obligation. In consideration of the services provided by the Company, the MCSTs pay a monthly fee to the Company. The contract is a fixed contract with a fixed fee over the contractual period. The monthly management fee of individual estate varies depending on the size of the estates and the scope of the services required. Estate management revenue primarily contains an ongoing performance obligation that is satisfied upon the end of each calendar month, at which point the monthly fee is earned. The revenue is recognized over time based on the fixed contract fee over the contractual period. The Company is considered to be the principal as it has the right to determine the service price and to define the service performance obligations, it has control over services provided and it is fully responsible for fulfilling the estate management services pursuant to the estate management service contracts it signed with the MCSTs. Typical payment terms set forth in the invoice are within 30 days. The Company also generates revenues from other related services such as providing of additional manpower which are usually in ad-hoc basis, certification of documents, disbursements, marketing initiatives and others that to be completed in a short-term period. Service fees for other services are generally recognized at the point in time when services are provided. Typical payment terms set forth in the invoice are within 30 days.   Contract balances   Timing of revenue recognition may differ from the timing of invoicing to customers. For certain services, customers are required to pay before the services are delivered. The Company recognizes a contract asset or a contract liability in the unaudited interim condensed consolidated balance sheets, depending on the relationship between the Group’s performance and the customer’s payment.   The Company classifies its right to consideration in exchange for services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Company recognizes accounts receivable in its unaudited condensed consolidated balance sheets when it performs a service in advance of receiving consideration and if it has the unconditional right to receive consideration. The Company did not have any capitalized contract cost as of December 31, 2023  and June 30, 2024.   Contract liabilities are recognized if the Company receives consideration in advance of performance, which is mainly in relation to emerging and other services. The Company expects to recognize a significant majority of this balance as revenue over the next 12 months, and the remainder thereafter. As of December 31, 2023 and June 30, 2024, the contract liabilities of the Company amounted S$103,655 and S$90,271 (US$66,611), respectively.   Cost of revenue   Cost of revenue consists primarily of personnel costs (including base pay and benefits), commission fee, property listing fee, referral fee and subcontracting cost.   Advertising expenditures   Advertising expenditures are expensed as incurred and such expenses were minimal for the periods presented. Advertising expenditures have been included as part of selling and marketing expenses. For the six months ended June 30, 2023 and 2024, the advertising expense amounted to S$378,507 and S$687,191 (US$507,777), respectively.   Technology and development   Technology and development expenses primarily include personnel costs (including base pay, bonuses, and benefits), platform development, and maintaining and improving our website and mobile application development costs. We capitalize research and development personnel costs related to the development of our new proprietary software products and features including HomerAI, MATCH, Digital Experience and others, as well as acquired carrying value of the proprietary software from the acquisition of Simply Sakal. As of June 30, 2024, research and development and software and technology, net amounted to S$1,213,661 (US$895,556) and is included in intangible assets. Other costs are expensed off as incurred and record them in technology and development expenses.   Selling and marketing expenses   Selling and marketing expenses mainly consist of promotion and marketing expenses, media expenses for online and traditional advertising, as well as labor costs. For the six months ended, 2023 and 2024, the Company’s selling and marketing expenses were S$848,504 and S$988,872 (US$729,687), respectively.     Employee compensation   Singapore     (1) Defined contribution plan   The Company participates in the national pension schemes as defined by the laws of Singapore’s jurisdictions in which it has operations. Contributions to defined contribution pension schemes are recognized as an expense in the period in which the related service is performed.     (2) Employees leave entitlement   Employee entitlements to annual leave are recognized as a liability when they are accrued to the employees. The undiscounted liability for leave expected to be settled wholly within the reporting period.   Malaysia   The full-time employees of the Company are entitled to the government mandated defined contribution plan. The Company is required to accrue and pay for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government regulations, and make cash contributions to the government mandated defined contribution plan.   Government Grant   Government grants as compensation for expenses already incurred or for the purpose of giving immediate financial support to the Company during the COVID-19 pandemic. The government evaluates the Company’s eligibility for the grants on a consistent basis, and then makes the payment. Therefore, there are no restrictions on the grants.   Government grants are recognized when received and all the conditions for their receipt have been met and are recorded as part of Other Income. The grants received were S$8,399 and S$45,418 (US$33,514) for the six months ended June 30, 2023 and 2024, respectively from the Singapore Government.   Segment reporting   ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s Chief Operating Decision Maker (“CODM”) for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products or services. Based on management’s assessment, the Company has determined that it has two operating segments, which are (i) Brokerage, emerging and another related service; and (ii) Estate management services and other related services in Singapore. All assets of the Company are located in Singapore and all revenue is generated in Singapore.   Information reported internally for performance assessment as follows:   Six months ended June 30, 2024       Brokerage, emerging and another related service     Estate management services and other related services     Total     Total       S$     S$     S$     US$   Revenue – external     2,479,416       1,983,553       4,462,969       3,293,218   Revenue – related parties     7,120       -       7,120       5,254   Total revenue     2,486,536       1,983,553       4,470,089       3,298,472                                     Total cost of revenue     (1,474,474 )     (1,325,466 )     (2,799,940 )     (2,066,072 ) Gross profit     1,012,062       658,087       1,670,149       1,232,400                                     Operating expenses     (3,483,254 )     (915,591 )     (4,398,845 )     (3,245,900 )                                   Share-based compensation                         Interest income     130,072       6,607       136,679       100,855   Interest expense     (14,904 )     -       (14,904 )     (10,998 ) Government grants     45,668       (250 )     45,418       33,514   Foreign exchange gain     266,616       -       266,616       196,736   Other income, net     15,150       352       15,502       11,439   Loss before income tax expenses     (2,028,590 )     (250,795 )     (2,279,385 )     (1,681,954 ) Segment loss     (2,028,590 )     (250,795 )     (2,279,385 )     (1,681,954 )                                   Total assets     11,916,421       829,759       12,746,180       9,405,386   Total liabilities     5,001,094       863,115       5,864,209       4,327,192   Net assets     6,915,327       (33,356 )     6,881,971       5,078,194     There was only one segment which is the brokerage, emerging and other related services segment as of June 30, 2023.   Leases   The Company adopted ASC 842 on January 1, 2019. The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liability, and operating lease liability, non-current in the Company’s unaudited interim condensed consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements; and (ii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and(c) initial direct costs.     Income taxes   The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.   Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the unaudited interim condensed consolidated financial statements  and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.   An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax for the six months ended June 30, 2023 and 2024. The Company had no uncertain tax positions for the six months ended June 30, 2023 and 2024. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.   Comprehensive loss   Comprehensive loss consists of two components, net loss and other comprehensive loss. Other comprehensive loss refers to revenues, expenses, gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net loss. Other comprehensive loss consists of a foreign currency translation adjustment resulting from the Company not using the United States dollar as its functional currencies.   Loss per share   The Company computes loss per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net loss divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the six months ended June 30, 2023, there were no dilutive shares. For the six months ended June 30, 2024, the total diluted ordinary share was 23,262,574 as compared to the basic number of ordinary share issued at 19,221,384   as of December 31, 2023.     Related party transactions   Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence, such as a family member or relative, shareholder, or a related corporation.   Commitments and Contingencies   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 a 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.   Concentration of Risks   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 place our 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 of customers, and generally does not require collateral or other security from our customers. The Company establish an allowance for doubtful accounts primarily based upon the factors surrounding the credit risk of specific customers.   Concentration of customers   As of June 30, 2024, no customer accounted for 10% of the account receivables. As of December 31, 2023, two customers, one is a provider of general insurance and another is a property consultancy firm, accounted for 10.0% and 25.85% of the account receivables respectively.   Concentration of vendors   For the six months ended June 30, 2024, no vendor accounted for more than 10% of total purchases.   For the year ended December 31, 2023, no vendor accounted for more than 10% of total purchases.   Recently issued accounting pronouncements   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 unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of operations and comprehensive loss and unaudited interim condensed consolidated statements of cash flows.

Revenues	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	Note 4 - Revenues   Effective January 1, 2019, the Company adopted ASC Topic 606, Revenue from Contracts with Customers, which replaced ASC Topic 605, using the modified retrospective method of adoption. Results for reporting periods beginning after January 1, 2019 are presented under ASC Topic 606 while prior period amounts are not adjusted and continue to be presented under the Company’s historic accounting under ASC Topic 605. The Company’s accounting for revenues remains substantially unchanged. There were no cumulative effect adjustments made to the contracts in place prior to January 1, 2019. The effect from the adoption of ASC Topic 606 was not material to the Company’s unaudited interim condensed consolidated financial statements.   Revenues are recognized when control of the promised services and deliverables are transferred to the Company’s Customers in an amount that reflects the consideration to which the Company expects to be entitled to and receive in exchange for services and deliverables rendered.   The following table presents the Company’s revenues disaggregated by service lines for the six months ended June 30, 2023 and 2024:       For the Six Months Ended June 30,       2023     2024     2024       SGD     SGD     USD   Operating revenues                         - Brokerage services                         Independent Third Parties     1,334,438       1,531,193       1,129,865   Related Parties     11,288       2,100       1,550       1,345,726       1,533,293       1,131,415   - Property Management                         Independent Third Parties     -       1,983,553       1,463,661   Related Parties     -       -       -       -       1,983,553       1,463,661   - Emerging and other services                         Independent Third Parties     310,255       948,223       699,692   Related Parties     511,040       5,020       3,704       821,295       953,243       703,396                             Total operating revenues     2,167,021       4,470,089       3,298,472     The Company elected to utilize practical expedients to exclude from this disclosure the remaining performance obligations that have an original expected duration of one year or less.

Accounts receivable, net	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
Accounts receivable, net	Note 5 – Accounts receivable, net   Accounts receivable, net consist of the following:       December 31, 2023     June 30, 2024     Jue 30, 2024       SGD     SGD     USD   Accounts receivable                          590,691       570,038       420,630   Less: Allowance for expected credit losses     (9,802 )     (9,802 )     (7,233 ) Total accounts receivable, net     580,889       560,236       413,397     Movements of allowance for expected credit losses accounts are as follows:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Allowance for expected credit losses, beginning balance                              9,102       9,802       7,233   Addition     7,619       -       -   Write-off / recovery     (6,919 )     -       -   Allowance for expected credit losses, ending balance     9,802       9,802       7,233     As of the end of each of the financial year, the aging analysis of accounts receivable, net of allowance for expected credit losses accounts, based on the invoice date is as follows:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Within 30 days                          521,337       515,061       380,063   Between 31 and 60 days     5,698       25,979       19,170   Between 61 and 90 days     10,405       4,733       3,492   More than 90 days     43,449       14,463       10,672   Total accounts receivable, net     580,889       560,236       413,397

Deposit for an acquisition	6 Months Ended
	Jun. 30, 2024
Deposit For Acquisition
Deposit for an acquisition	Note 6 - Deposit for an acquisition   Deposit for an acquisition consist of the following:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Deposit for an acquisition i                          3,370,757       3,838,872       2,832,698   Less: Long term portion     -       -       -   Deposit for an acquisition – current portion     3,370,757       3,838,872       2,832,698     i As at June 30, 2024 the Company had a outstanding amounts of S$996,504  which is the outstanding balance of a loan facility that the Company, offered to Ohmyhome Property, Inc. to support working capital for building real estate agency Ohmyhome Property, Inc., with interest charged at 5% per annum and repayment term of 1 year or 14 days from the date of demand, and S$2,686,340 (US$1,986,288) which is the debt purchased from the debt seller on July 3, 2023 and its interest that is owed by Ohmyhome Property, Inc. The total amount includes the interests from the loan facility and debt purchased. The Company intends to acquire Ohmyhome Property Inc. and the amount due from Ohmyhome Property Inc. will be taken into consideration in the potential acquisition.

Property and equipment, net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and equipment, net	Note 7 – Property and equipment, net   Property and equipment, net consist of the following:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   At cost:                                                          Office furniture and fittings     166,901       167,049       123,265   Office equipment     211,066       223,070       164,603   Leasehold improvements     10,260       14,664       10,821   Total     388,227       404,783       298,689   Accumulated depreciation     (309,959 )     (317,588 )     (234,348 ) Loss of disposal of property and equipment     453       -       -   Property and equipment, net     78,721       87,195       64,341     Depreciation expenses for the years ended December 31, 2023 and for the six months ended June 30, 2024 amounted to S$34,448 and S$ 7,630 (US$5,630) respectively.   No impairment loss had been recognized for the years ended December 31, 2023 and for the six months ended June 30, 2024, respectively.

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 8 - Intangible Assets   Intangible assets, stated at cost less accumulated amortization, consisted of the following:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Beginning of Period                                      -       -       -   Customer relationships     1,944,044       1,944,044       1,434,507   Software     271,693       292,090       215,533   Research and development     885,675       1,024,637       756,078                     Less: accumulated amortization     (123,848 )     (389,447 )     (287,372 ) End of Period     2,977,564       2,871,324       2,118,746     Estimated amortization expense for each of the next five years:       $   For the six months ended December 31, 2024     (417,306 ) For the years ended December 31, 2025     (682,907 ) 2026     (682,907 ) 2027     (597,322 ) 2028     (490,882 )     (2,871,324 )

Goodwill	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 9 – Goodwill   Changes in the carrying amount of goodwill were as follows:       2023     2024     2024       SGD     SGD     USD   Beginning of year     -       2,213,460       1,633,309   Acquisition (Note 10)     2,213,460       -       -   End of year     2,213,460       2,213,460       1,633,309     Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. At June 30, 2024, the Company’s reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. In the qualitative assessment, the Company considers factors such as macroeconomic conditions, industry and market conditions, overall financial performance related to the operation, consider plans and strategies of the reporting unit. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment being recorded.

Business combination	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business combination	Note 10 – Business combination     On October 6, 2023, Ohmyhome (BVI), a wholly owned subsidiary of the Company, acquired 100% of the total number of issued shares in the capital of Simply Sakal Pte. Ltd. (“Simply”), a tech-enabled property management company in Singapore, for the total consideration of S$4,712,000, consisting of S$1,712,000 in cash and S$3,000,000 in the form of consideration shares, which shall be satisfied by way of the Cash Consideration and the allotment and issuance of the Consideration Shares in four (4) tranches in accordance with the Sale and Purchase Agreement (“SPA”).   On October 6, 2023, the Company paid the first tranche of the S$513,600 in Cash Consideration and issued 171,384 Ordinary Shares “to the Simply Sellers in the proportion set out in the SPA, in satisfaction of the Cash Consideration and the Consideration Shares payable and/or to be allotted and issued on the Completion Date, respectively. Upon completion of the Simply Sakal Acquisition, Simply became an indirect wholly-owned subsidiary of the Company.   With the acquisition of Simply, Ohmyhome has expanded its services to include property management services, to provide residents of private condominiums and executive condominiums in Singapore with quality estate management services and a technology platform for users to access the services and provide feedback with ease.   Acquisition-related costs of S$90,375 (US$68,502) are included in general and administrative expenses in the Company’s income statement for the year ended December 31, 2023. The fair value of the common shares issued as part of the consideration paid for Simply was determined on the basis of the value of the consideration at each issuance as specified in the SPA.     Goodwill of S$ 2,213,460 (US$1,677,753) arising from the acquisition consisted largely of synergies resulting from the combining of the operations of the companies. The fair value of S$1,944,044 (US$1,473,542) of intangible assets was related to potential customer relationships derived from existing customers. The following table summarizes the consideration paid for Simply and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:       October 6, 2023   Consideration   SGD   Cash     513,600   Equity instruments     750,000   Consideration payables     3,239,193   Fair value of total consideration transferred     4,502,793         SGD   ASSETS         Cash and bank balances     204,289   Accounts receivable     190,283   Prepayments     12,926   Deposits     16,160   Property and equipment, net     27,845   Intangible assets     271,693   Operating lease right-of-use assets, net     14,817   Other assets     43,235   Total assets     781,248             LIABILITIES         Accounts payable     86,798   Accrued liabilities and other payables     242,604   Bank loans, current portion     43,413   Operating lease obligation, current     15,241   Bank loans, non-current portion     47,903   Total liabilities     435,959             Total identifiable net assets     345,289             Intangible asset (customer relationship)     1,944,044   Goodwill     2,213,460   Fair value of total consideration transferred     4,502,793     The fair value of net assets acquired includes fair value adjustments to certain receivables that were not considered impaired as of the acquisition date. The fair value adjustments were determined using discounted contractual cash flows. However, the Company believes that all contractual cash flows related to these financial instruments will be collected. As such, these receivables were not considered impaired at the acquisition date and were not subject to the guidance relating to purchased credit impaired loans, which have shown evidence of credit deterioration since origination. Receivables acquired that were not subject to these requirements include customer receivables with a fair value and gross contractual amounts receivable of S$190,283 on the date of acquisition.   The following table presents supplemental unaudited pro forma information as if the acquisition had occurred at the beginning of 2023. The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed dates.       December 31, 2023     December 31, 2023       SGD     USD   Revenue                        7,315,963                          5,545,337   Net loss     (6,368,852 )     (4,827,448 ) Basic earnings per share     (0.36 )     (0.27 ) Diluted earnings per share     (0.34 )     (0.26 )

Stock-based compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	Note 11 – Stock-based compensation   The Company has one share-based compensation plan as describe below. Total compensation cost that has been charged against income for the plan was S$537,756 (US$407,607) during the year ended December 31, 2023. No share-based compensation has been issued for the six months ended June 30, 2024.   Stock Option Plan   In December 2023, the Company adopted the 2023 Equity Incentive Plan (the “2023 Incentive Plan”), for the purpose of granting share-based compensation awards to employees, directors and consultants to incentivize their performance and align their interests with ours. Under the 2023 Incentive Plan, we are authorized to issue an aggregate of 2,000,000 ordinary shares. As of the date of this annual report, no ordinary shares have been granted and outstanding, 1,025,527 options have been granted and outstanding, of which 688,652 options were granted to certain of our management members and directors.   The following summarize the terms of the 2023 Incentive Plan.   Types of Awards. The 2023 Incentive Plan permits the awards of options, stock appreciation rights, restricted stock, restricted stock units, stock bonus awards and/or performance compensation awards.   Plan Administration. The 2023 Incentive Plan is administered by the Compensation Committee of the Board or any other committee appointed by the Board to administer this Plan (or if no Committee is appointed, the Board). The plan administrator is entitled to determine the participants who are to receive awards, the number of awards to be granted, and the terms and conditions of each award grant.   Eligibility. Employees, directors and officers and the consultants of our company are eligible to participate pursuant to the terms of the 2023 Incentive Plan.   Conditions of Award. The plan administrator shall determine the participants, types of awards, numbers of shares to be covered by awards, terms and conditions of each award, and provisions with respect to the vesting schedule, settlement, exercise, repurchase, cancellation, forfeiture, restrictions, limitations or suspension of awards.   Term of Award. The term of each award shall be fixed by the administrator and is stated in the award agreement between recipient of an award and us. No award shall be granted under the 2023 Incentive Plan after ten years from the date the 2023 Incentive Plan was approved by the board.     Vesting Schedule. In general, the plan administrator determines the vesting schedule, which is set forth in the award agreement. Except for 75,986 has vesting period of 1 year, all option has vested immediately from the date of grant.   Transfer Restrictions. Unless otherwise determined by the administrator of the 2023 Incentive Plan, no award and no right under any such award shall be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent and distribution or pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment, or similar process.   The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock. An illiquidity discount was estimated which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant.   The fair value of options granted was determined using the following weighted-average assumptions as of grant date.       2023           Risk-free interest rate     3.93 % Illiquidity Discount     30 % Expected stock price volatility     62.3 % Dividend yield     - %   A summary of the activity in the 2023 Equity Incentive Plan follows:       Options Shares     Weighted Average Exercise Price     Weighted Average Remining Contractual Term (Year)     Aggregate Intrinsic Value             USD           USD   Outstanding at beginning of year     -       -       -       -   Granted     1,025,527       1.67       9.3       429,388   Exercised     -       -       -       -   Forfeited or expired     -       -       -           Outstanding at end of year     1,025,527       1.67       9.3       429,388   Fully vested and expected to vest     945,541       1.60       9.4           Exercisable at end of year of 2023     945,541       9.4       9.4       407,607     Information related to the stock option plan during each year follows:       2022     2023     2023       SGD     SGD     USD   Intrinsic value of options exercised             -       -   Cash received from option exercises             -       -   Tax benefit from option exercises             -       -   Weighted average fair value of options granted             566,492       429,388     As of December 31, 2023, there was S$28,736 (US$21,781) of total unrecognized compensation cost related to non-vested stock options granted under the 2023 Equity Incentive Plan. The cost is expected to be recognized under a weighted average period of 7.4 year.

Bank loans	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Bank loans	Note 12 – Bank loans   Outstanding balances of bank loans consist of the following:   Bank Name   Drawn/ Maturities   Interest Rate     Collateral/Guarantee   December 31, 2022 SGD     December 31, 2023 SGD     June 30, 2024 SGD     June 30, 2024 USD   CIMB Bank Berhad, Singapore Branch   August 2020 /August 2023     3.00 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company     23,005       -       -       -   DBS Bank Ltd.   June 2020 /June 2025     3.00 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Anthill, major shareholder of the Company     518,715       315,878       212,158       156,551   Maybank Singapore Limited   November 2020/November 2025     2.75 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company     239,982       159,859       118,964       87,784   United Overseas Bank Limited   November 2020/November 2025     2.25 %   Guaranteed by Mr. Kenneth Chong, Chief Executive Officer and Director of Ohmyhome Property Management Pte Ltd     -       82,018       61,927       45,695   ORIX Leasing Singapore Limited   April 2024/April 2029     7.50 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company     -       -       430,435       317,617   Total                     781,702       557,755       823,484       607,647   Bank loans, current portion                     305,965       331,528       344,835       254,453   Bank loans, non-current portion                     475,737       226,227       478,649       353,194     Interest expense for the years ended December 31, 2023 and for the six months ended June 30, 2024 amounted to S$19,105 and S$11,453 (US$8,451) respectively.   The maturities schedule is as follows:   Twelve months ending June 30,       SGD     USD                 2025     344,705       254,357   2026     69,406       51,215   2027     11,088       8182   2028     11,088       8182   2029     387,197       285,712   Total     823,484       607,648

Accrued liabilities and other payables	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued liabilities and other payables	Note 13 – Accrued liabilities and other payables   The components of accrued expenses and other payables are as follows:       December 31, 2023     June 30, 2024     June 30, 2024                                  SGD     SGD     USD   Accrued payroll and welfare*     491,009       187,971       138,704   Accrued expenses**     319,486       466,177       343,991   Other payable***     596,757       256,231       189,074   Total accrued liabilities and other payables     1,407,252       910,379       671,769     * Includes salary and fees due to directors amounting to S$427,896 as of December 31, 2023, and S$171,696 as of June 30, 2024, whereas the salaries were due and payout was postponed as agreed with the directors.   ** Accrued expenses mainly consist of accrual of professional service fees and other costs incurred yet to bill.   *** Other payable mainly consists of payable for other services and utilities expenses. As of December 31, 2023, there is a short-term advances from directors with a balance of S$541,636 (US$410,548).

Related party balances and transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related party balances and transactions	Note 14 – Related party balances and transactions   Nature of relationships with related parties   Related parties   Relationship Ms. Rhonda Wong   Shareholder, Director, Chief Executive Officer Ms. Race Wong   Shareholder, Director, Chief Operating Officer Mr. Loh Kim Kang David (“Mr. Loh”)   Shareholder, the Chairman of the board of Directors     Related party balances   Transaction nature   Name   As of December 31, 2023     As of June 30, 2024     As of June 30, 2024           SGD     SGD     USD                                 Amount due from   Anthill Corp     3,495 i     3,495 i     2,649                                 Amount due to   Ms. Wong Wan Chew     240,000 ii     95,848 iv     70,726                                 Amount due to   Ms Wong Wan Pei     188,425 iii     104,181 iv     76,875     i On June 22, 2023, the Company extended payment for Notarization services for Anthill Corp in view of operational urgency. This amount will be recovered by December 31, 2024 from Anthill Corp.   ii On December 28, 2023, Ms. Wong Wan Chew made short-term advances to the Company S$240,000 for general working capital and general corporate purposes.   iii On March 10 and September 12, 2023, Ms. Wong Wan Pei paid on behalf of the Company using her credit card facility for PropertyGuru advertisement packages for the amounts of S$169,817 and S$110,000, respectively, while the Company repaid the monthly instalments. During the year, the accumulated credit card settlements amounted to S$291,392 and resulted an overpayment of S$11,575. On November 30, 2023, Ms. Wong Wan Pei made short-term advances to the Company S$200,000 for general working capital and general corporate purposes.   iv As of June 30, 2024, an amount of S$85,848 each in salaries of Ms. Wong Wan Chew and Ms. Wong Wan Pei were postponed and used for the Company’s working capital purposes without interest as agreed with the two directors. The Company also has an outstanding balance of S$10,000 and S$18,333 to Ms. Wong Wan Chew and Ms. Wong Wan Pei respectively for installment payments for PropertyGuru advertisement packages.   Related party transactions   Transaction nature   Name   June 30, 2023     June 30, 2024     June 30, 2024           SGD     SGD     USD   Brokerage services provided to   Ms. Rhonda Wong     288 (1)     2,100 (1)     1,550   Brokerage services provided to   Mr. David Loh     11,000 (2)     -       -   Emerging and other services to   Mr. David Loh     511,040 (3)     -       -   Emerging and other services to   Ms. Rhonda Wong     -       250 (4)     184   Emerging and other services to   Ms. Race Wong     -       4,770 (5)     3,520       (1) Ms. Rhonda Wong engaged the Company to handle curtain cleaning services in the six months ended June 30, 2023, and Ms. Rhonda Wong paid the service fee of S$288. In the six months ended June 30, 2024, Ms. Rhonda Wong paid the rental commission to the Company, being S$2,100 (US$1,550) for engaging the Company to look for a tenant.         (2) Mr. David Loh engaged the Company to look for a tenant for a property and was completed during the six months ended June 30, 2023. Mr. David Loh paid a service fee of S$11,000 to the Company.     (3) On February 25, 2022, the Company entered into a services agreement with subsequent various orders with Mr. Loh. During the year ended December 31, 2023, revenue recognized for the services agreement with Mr. David Loh for S$511,040.     (4) Ms. Rhonda Wong engaged the Company to provide curtain cleaning services and paid S$250 (US$184) for the service.     (5) Ms. Race Wong engaged the Company to provide house cleaning services and paid S$4,770 (US$3,520) for the service.

Income taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income taxes	Note 15 – Income taxes   Caymans and BVIs   The Company and its subsidiary are domiciled in the Cayman Islands and the British Virgin Islands, respectively. Both localities currently enjoy permanent income tax holidays; accordingly, the Company and Ohmyhome BVI do not accrue income taxes.   Singapore   Ohmyhome (S), Ohmyhome Renovation Pte Ltd, Ohmyhome Insurance Pte Ltd, Cora Pro Pte Ltd and DreamR Projects Pte. Ltd., Ohmyhome Property Management Pte. Ltd. are incorporated in Singapore and are subject to Singapore Corporate Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable tax rate is 17% in Singapore, with 75% of the first S$10,000 taxable income and 50% of the next S$190,000 taxable income exempted from income tax.   Net operating loss will be carried forward indefinitely under Singapore profits tax regulation. As of December 31, 2021, 2022 and 2023, the Company did not generate net taxable income to utilize net operating loss, which will carry forwards to offset future taxable income.   Malaysia   Ohmyhome Sdn Bhd and Ohmyhome Realtors Sdn Bhd are subject to Malaysia Corporate Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Malaysia tax laws. The standard corporate income tax rate in Malaysia is 24%. However, if the company has a paid-up capital of MYR 2.5 million or less, and gross income from business of not more than MYR 50 million, the tax rate will be 17% on the first MYR 600,000 and 24% on amount exceeding MYR 600,000.   The operations in Malaysia incurred cumulative net operating losses which can be carried forward for a maximum period of seven consecutive years to offset future taxable income.   The components of loss before income taxes were comprised of the following:       December 31, 2022     December 31,2023     June 30, 2024     June 30, 2024       SGD     SGD     SGD     USD   Tax jurisdiction from:                                 Singapore     (2,959,534 )     (5,434,925 )     (2,268,804 )     (1,689,761 ) Malaysia     (114,507 )     (81,299 )     (10,581 )     (7,807 ) Loss before income taxes provision     (3,074,041 )     (5,516,224 )     (2,279,385 )     (1,681,954 )   The provision for income taxes consisted of the following:        December 31, 2022     December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     SGD     USD   Deferred tax assets:                                 Singapore     503,121       924,114       385,697       287,259   Malaysia     19,466       13,644       1,799       1,327                                     Less: valuation allowance                                 Singapore     (503,121 )     (924,114 )     (385,697 )     (287,259 ) Malaysia     (19,466 )     (13,644 )     (1,799 )     (1,327 ) Deferred tax assets     -       -       -       -       Uncertain tax positions   The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31, 2022, 2023 and June 30, 2024, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2021, 2022 and 2023 and also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2023.

Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Equity	Note 16 – Equity   Ordinary shares   For the sake of undertaking a public offering of the Company’s ordinary shares, the Company has performed a series of re-organizing transactions resulting in 16,250,000 shares of ordinary shares outstanding that have been retroactively restated to the beginning of the first period presented. A further 2,800,000 shares were issued by March 23, 2023, and 171,384 shares were issued on October 6, 2023, resulting in 19,221,384 shares of ordinary shares outstanding as at December 31, 2023. The Company only has one single class of ordinary shares that are accounted for as permanent equity.   On February 16, 2024, additional 3,555,555 ordinary shares were issued in a public offering. Additionally, 24,513 ordinary shares were issued as a result of exercise of employee share options. As of June 30, 2024, total shares outstanding was 22,801,452 ordinary shares.

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitment and Contingencies	Note 17 – Commitment and Contingencies    Lease commitments   The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which results in an economic penalty.     The Company has two property lease agreements with lease terms ranging for one year and two years, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term with one year.   For the years ended December 31, 2021, 2022 and 2023, there were no rent expenses for the short term lease.   The Company’s commitment for minimum lease payments under the operating lease that is within twelve months as of June 30, 2024 as follow:   Twelve months ending June 30,   Minimum lease payment   2025     282,900   2026     11,119   Total future lease payment     294,019   Amount representing interest     (2,308 ) Present value of operating lease liabilities     291,711   Less: current portion     (280,592 ) Long-term portion     11,119     The following summarizes other supplemental information about the Company’s operating lease as of June 30, 2024:   Weighted average discount rate     2.15 % Weighted average remaining lease term (years)     1.0 years

Subsequent events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent events	Note 18 – Subsequent events   The Company has assessed all events from June 30, 2024, up through September 25, 2024 which is the date that these unaudited interim condensed consolidated financial statements are available to be issued.   On September 9, 2024, Ms. Rhonda Wong and Ms. Race Wong (“Withholding Directors”) has entered into Compensation Settlement Agreements to settle the outstanding amount of salaries due for the period from January to August 2024 via issuance of 217,565 ordinary shares to each of the Withholding Directors.   Aside to this, there are no material subsequent events that require disclosure in these consolidated financial statements.

Summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation   Management’s opinion is that the accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operation results. The results of operations for the six months ended June 30, 2024 are not necessarily indicative of results to be expected for the full year of 2024. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements thereto as of and for the years ended December 31, 2023.
Principles of consolidation	Principles of consolidation   The unaudited interim condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.   Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of Directors, or to cast a majority of votes at the meeting of Directors.   Non-controlling interest represents the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interest is presented in the unaudited interim condensed consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interest’s operating result is presented on the face of the unaudited interim condensed consolidated statements of income and comprehensive loss as an allocation of the total loss for the year between non-controlling shareholders and the shareholders of the Company.
Use of estimates and assumptions	Use of estimates and assumptions   The preparation of unaudited interim condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s financial statements include, but not limited to, estimates for useful lives of intangible assets, impairment of long-lived assets, deferred taxes and uncertain tax position, and allowance for expected credit loss and revenue recognition. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the unaudited interim condensed financial statements.
Risks and uncertainties	Risks and uncertainties   The main operations of the Company are in Singapore. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Singapore, as well as by the general state of the economy in Singapore. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Singapore. The Company believes that it is following existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results.   The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could significantly disrupt the Company’s operations.
Foreign currency translation and transaction	Foreign currency translation and transaction   The accompanying unaudited interim condensed financial statements are presented in the Singapore Dollars (“SGD” or “S$”), which is the reporting currency of the Company. The functional currency of the Company and its subsidiary in the British Virgin Islands is United States Dollars (“USD” or “US$”), its other subsidiaries which are incorporated in Singapore and Malaysia are SGD and Malaysia ringgit (“RM”), respectively, which are their respective local currencies based on the criteria of ASC 830, “Foreign Currency Matters”.   In the unaudited interim condensed consolidated financial statements, the financial information of the Company and other entities located outside of Singapore has been translated into SGD. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period.   The following table outlines the currency exchange rates that were used in creating the unaudited interim condensed financial statements in this report:         June 30, 2023       December 31, 2023       June 30, 2024   Period-end spot rate     SGD1.00 = RM3.4518       SGD1.00 = RM3.4819       SGD1.00 = RM3.4746   Average rate     SGD1.00 = RM3.3382       SGD1.00 = RM3.3932       SGD1.00 = RM3.5035                             Period-end spot rate     SGD1.00 = USD0.7395       SGD1.00 = USD0.7580       SGD1.00 = USD0.7379   Average rate     SGD1.00 = USD0.7484       SGD1.00 = USD0.7447       SGD1.00 = USD0.7431
Convenience translation	Convenience translation   Translations of balances in the unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of income, unaudited interim condensed consolidated statements of changes in shareholders’ equity and unaudited interim condensed consolidated statements of cash flows from SGD into USD as of June 30, 2024 are solely for the convenience of the readers and are calculated at the rate of SGD1.00 = USD0.7379, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on June 28, 2024. No representation is made that the SGD amounts could have been, or could be, converted, realized or settled into USD at such rate, or at any other rate.
Cash and cash equivalents	Cash and cash equivalents   Cash and cash equivalents primarily consist of bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. Cash and cash equivalents also consist of funds earned from the Company’s operating revenues which were held at third party platform fund accounts which are unrestricted as to immediate use or withdrawal. The Company maintains most of its bank accounts in Singapore and Malaysia.
Accounts receivable and allowance for expected credit losses	Accounts receivable and allowance for expected credit losses   Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 90 days. Management reviews its receivables on a regular basis to determine if the allowance for expected credit loss is adequate and provides allowance when necessary. The allowance is based on management’s best estimates of specific losses on individual customer exposures, as well as the historical trends of collections. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. As of December 31, 2023 and June 30, 2024, the Company made S$9,802 and S$9,802 (US$7,233) allowance for expected credit losses for accounts receivable, respectively.
Prepayments	Prepayments   Prepayments are mainly payments made to vendors or services providers for future services that have not been provided and prepaid rent. These amounts are refundable and bear no interest. Management reviews its prepayments on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. As of December 31, 2023 and June 30, 2024, no allowance was deemed necessary.
Deferred IPO costs	Deferred IPO costs   Pursuant to ASC 340-10-S99-1, IPO costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. These costs include legal fees related to the registration drafting and counsel, consulting fees related to the registration preparation, the SEC filing and print related costs. As of December 31, 2022, the accumulated deferred IPO cost was S$676,321 (US$504,567). As of March 21, 2023 the Group successfully listed in the US Nasdaq. Hence, these deferred IPO costs had charged against the gross proceeds of the offering as a reduction of additional paid-in capital.   The Company has subsequently completed a follow-on public offering of 3,555,555 ordinary shares on February 16, 2024. As of December 31, 2023, the accumulated deferred costs related to the follow-on public offering were S$114,794 (US$87,012).   As of June 30, 2024, the accumulated deferred costs related to public offering were S$0.
Deposits	Deposits   Deposits are mainly for rent, utilities and money deposited with certain vendors. These amounts are refundable and bear no interest. The short-term deposits usually have a one-year term and are refundable upon contract termination. The long-term deposits are refunded from suppliers when terms and conditions set forth in the agreements have been satisfied.
Other current assets, net	Other current assets, net   Other current assets, net, primarily consists of other receivables from third parties. These other receivables are unsecured and are reviewed periodically to determine whether their carrying value has become impaired.
Property and equipment, net	Property and equipment, net   Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:       Expected useful lives Leasehold improvements   lesser of lease term or expected useful life Office furniture and fittings   3-5 years Office equipment   3-5 years Computers   3 years   The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the unaudited interim condensed consolidated statements of operations and comprehensive loss. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.
Business combination	Business combination   The purchase price of an acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values, with the residual of the purchase price recorded as goodwill. Transaction costs associated with business combinations are expensed as incurred and are included in general and administrative expenses in the Company’s consolidated statements of operations. The results of operations of the acquired business are included in the Company’s operating results from the date of acquisition.
Goodwill	Goodwill   Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of an acquired business. In accordance with ASC Topic 350, Goodwill and Other Intangible Assets (“ASC 350”), recorded goodwill amounts are not amortized, but rather are tested for impairment annually or more frequently if there are indicators of impairment present.   In accordance with ASC 350, the Company assigned and assessed goodwill for impairment at the reporting unit level. A reporting unit is an operating segment or one level below the operating segment. As of December 31, 2023 and June 30, 2024, the Company as a whole is the reporting unit of goodwill.   Pursuant to ASC 350, the Company has an option to assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In the qualitative assessment, the Group considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations. If the Group decides, as a result of its qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value based on discounted cash flow of each reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss equal to the difference will be recorded. The impairment charge would be recorded in the consolidated statements of income and comprehensive income.   Application of the goodwill impairment test requires judgment, including the determination of the fair value of each reporting unit. Estimating fair value is performed by utilizing various valuation techniques, with a primary technique being a discounted cash flow which requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for the Company’s business, estimation of the useful life over which cash flows will occur, and determination of the Company’s weighted average cost of capital.
Intangible Assets	Intangible Assets   Intangible assets consist of software and capitalized research and development and customer relationship acquired from a business combination. Intangible assets with finite lives are carried at cost less accumulated amortization and impairment loss, if any. Intangible assets with finite lives are amortized using the straight-line method over the estimated useful lives.
Capitalized Software and research and development	Capitalized Software and research and development   The Company capitalizes certain eligible software development costs incurred in connection with its internal use software in accordance with ASC 350-40, Internal-use Software and ASC 985, Software. These capitalized costs also relate to the Company’s development of a proprietary software, HomerAI as well as a few ongoing development technology software. Capitalized software costs are amortized over the estimated useful life of 5 years. Capitalization begins once the application development stage begins, management has authorized and committed to funding the project, it is probable the project will be completed, and the software will be used to perform the function intended. Internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. The Company expenses all costs incurred that relate to planning and post-implementation phases of development. Intangible assets are assessed for impairment when events or circumstances indicate the existence of a possible impairment, and none were identified in the year ended December 31, 2023.   During the year ended December 31, 2023, the Company capitalized S$0.9 million (US$0.7 million), and during the six months ended 30, 2024, the Company capitalized S$159,360 (US$117,592) under ASC 350 included in intangible assets.   Intangible assets that have determinable lives continue to be amortized over their estimated useful lives as follows:   Software and research and development     5 years   Customer relationships     5 years
Impairment for long-lived assets other than goodwill	Impairment for long-lived assets other than goodwill   Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than it was originally estimated. When these events occur, the Company, its wholly-owned subsidiaries evaluate the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, an impairment loss is recognized based on the excess of the carrying value of the assets over the fair value of the assets.   For the years ended December 31, 2023 and the six months ended June 30, 2024, the Company, its wholly-owned subsidiaries, Ohmyhome BVI and Ohmyhome BVI’s subsidiaries did not accrue impairment charge against intangible assets, including the customer relationship and software and technology.   The customer relationship arose from acquisition of Ohmyhome Property Management Pte. Ltd. by the Ohmyhome BVI in 2023.   For the year ended December 31, 2023 and the six months ended June 30, 2024, the Company did not accrue impairment charge against software and technology.
Fair value measurement	Fair value measurement   The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.   The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follows:     ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.       ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.     ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.   Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.
Stock-based compensation	Stock-based compensation   On December 19, 2023, the Board of Directors adopted the 2023 Equity Incentive Plan (the “2023 Incentive Plan”). Stock-based awards are measured at the grant date based on the fair value of the award and are recognized as expense, net of actual forfeitures, on a straight-line basis over the requisite service period, which is generally the vesting period of the respective award. The Company estimates the fair value of stock options using the Black-Scholes option pricing model. The determination of the grant date fair value of stock awards issued is affected by a number of variables, including the fair value of the Company’s common stock, the expected common stock price volatility over the expected life of the awards, the expected term of the stock option, risk-free interest rates, the illiquidity of the option given its non-transferability, and the expected dividend yield of the Company’s common stock. The Company derives its volatility from the average historical stock volatilities of the Company over a period equivalent to the expected term of the awards. The risk-free interest rate is based on the United States Treasury yield curve in effect at the time of grant. The expected dividend yield is 0.0% as the Company has not paid and does not currently anticipate paying dividends on its common stock.   Stock-based compensation expense is classified in the accompanying consolidated statement of operations.
Revenue recognition	Revenue recognition   Effective January 1, 2020, the Company adopted ASC Topic 606, Revenue from Contracts with Customers, which replaced ASC Topic 605, using the modified retrospective method of adoption. Results for reporting periods beginning after January 1, 2020 are presented under ASC Topic 606 while prior period amounts are not adjusted and continue to be presented under the Company’s historic accounting under ASC Topic 605. The Company’s accounting for revenue remains substantially unchanged. There were no cumulative effect adjustments for service contracts in place prior to January 1, 2020. The effect from the adoption of ASC Topic 606 was not material to the Company’s unaudited interim condensed consolidated financial statements.   The five-step model defined by ASC Topic 606 requires the Company to:   (1) identify its contracts with customers; (2) identify its performance obligations under those contracts; (3) determine the transaction prices of those contracts; (4) allocate the transaction prices to its performance obligations in those contracts; and (5) recognize revenue when each performance obligation under those contracts is satisfied. Revenue is recognized when promised services are transferred to the client in an amount that reflects the consideration expected in exchange for those services.   The Company enters into service agreements with its customers that outline the rights, responsibilities, and obligations of each party. The agreements also identify the scope of services, service fees, and payment terms. Agreements are acknowledged and signed by both parties. All the contracts have commercial substance, and it is probable that the Company will collect considerations from its customers for service component.   The Company has utilized the allowable practical expedient in the accounting guidance and elected not to capitalize costs related to obtaining contracts with customers with durations of less than one year. We do not have significant remaining performance obligations.   The Company derives its revenues from three sources: (1) revenue from brokerage services, (2) revenue from emerging and other related services, and (3) revenue from estate management services and other related services.     1) Brokerage services   The Company earns brokerage services revenue from provision of brokerage and documentation services for buying, selling, and leasing and renting properties. The Company recognizes commission-based brokerage revenue upon closing of a brokerage transaction and concurrently issues invoice. The transaction price is generally calculated by taking the agreed upon commission rate and applying that to the home’s selling price. Brokerage revenue primarily contains a single performance obligation that is satisfied upon the closing of a transaction, at which point the entire transaction price is earned. We are not entitled to any commission until the performance obligation is satisfied and are not owed any commission for unsuccessful transactions, even if services have been provided. The Company is considered to be the principal agent as it has the right to determine the service price and to define the service performance obligations, it has control over services provided and it is fully responsible for fulfilling the agency services pursuant to the housing agency service contracts it signed with the housing customers. Accordingly, the Company accounts for the commissions from these agency service contracts on a gross basis, with any commissions paid to other brokerage firms recorded as a cost of revenue. Typical payment terms set forth in the invoice is within 30 days.       2) Emerging and other related services   The Company generates revenues from emerging and other services such as financial services and home renovation and furnishing services. Service fees for emerging and other services are generally recognized as revenues when services are provided.     3) Estate management services and other related services   Ohmyhome Property Management Pte. Ltd. earns estate management services revenue from Management Corporate Strata Titles (MCSTs) by being appointed as the Managing Agent for the respective estates to provide routine management, administration and secretarial services, accounting and finance management, and the operation and maintenance of the estates. Management believes that the estate management services are integrated services, and it is impractical to assess standalone value to each service; accordingly, the estate management services should be considered as single performance obligation. In consideration of the services provided by the Company, the MCSTs pay a monthly fee to the Company. The contract is a fixed contract with a fixed fee over the contractual period. The monthly management fee of individual estate varies depending on the size of the estates and the scope of the services required. Estate management revenue primarily contains an ongoing performance obligation that is satisfied upon the end of each calendar month, at which point the monthly fee is earned. The revenue is recognized over time based on the fixed contract fee over the contractual period. The Company is considered to be the principal as it has the right to determine the service price and to define the service performance obligations, it has control over services provided and it is fully responsible for fulfilling the estate management services pursuant to the estate management service contracts it signed with the MCSTs. Typical payment terms set forth in the invoice are within 30 days. The Company also generates revenues from other related services such as providing of additional manpower which are usually in ad-hoc basis, certification of documents, disbursements, marketing initiatives and others that to be completed in a short-term period. Service fees for other services are generally recognized at the point in time when services are provided. Typical payment terms set forth in the invoice are within 30 days.
Contract balances	Contract balances   Timing of revenue recognition may differ from the timing of invoicing to customers. For certain services, customers are required to pay before the services are delivered. The Company recognizes a contract asset or a contract liability in the unaudited interim condensed consolidated balance sheets, depending on the relationship between the Group’s performance and the customer’s payment.   The Company classifies its right to consideration in exchange for services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Company recognizes accounts receivable in its unaudited condensed consolidated balance sheets when it performs a service in advance of receiving consideration and if it has the unconditional right to receive consideration. The Company did not have any capitalized contract cost as of December 31, 2023  and June 30, 2024.   Contract liabilities are recognized if the Company receives consideration in advance of performance, which is mainly in relation to emerging and other services. The Company expects to recognize a significant majority of this balance as revenue over the next 12 months, and the remainder thereafter. As of December 31, 2023 and June 30, 2024, the contract liabilities of the Company amounted S$103,655 and S$90,271 (US$66,611), respectively.
Cost of revenue	Cost of revenue   Cost of revenue consists primarily of personnel costs (including base pay and benefits), commission fee, property listing fee, referral fee and subcontracting cost.
Advertising expenditures	Advertising expenditures   Advertising expenditures are expensed as incurred and such expenses were minimal for the periods presented. Advertising expenditures have been included as part of selling and marketing expenses. For the six months ended June 30, 2023 and 2024, the advertising expense amounted to S$378,507 and S$687,191 (US$507,777), respectively.
Technology and development	Technology and development   Technology and development expenses primarily include personnel costs (including base pay, bonuses, and benefits), platform development, and maintaining and improving our website and mobile application development costs. We capitalize research and development personnel costs related to the development of our new proprietary software products and features including HomerAI, MATCH, Digital Experience and others, as well as acquired carrying value of the proprietary software from the acquisition of Simply Sakal. As of June 30, 2024, research and development and software and technology, net amounted to S$1,213,661 (US$895,556) and is included in intangible assets. Other costs are expensed off as incurred and record them in technology and development expenses.
Selling and marketing expenses	Selling and marketing expenses   Selling and marketing expenses mainly consist of promotion and marketing expenses, media expenses for online and traditional advertising, as well as labor costs. For the six months ended, 2023 and 2024, the Company’s selling and marketing expenses were S$848,504 and S$988,872 (US$729,687), respectively.
Employee compensation	Employee compensation   Singapore     (1) Defined contribution plan   The Company participates in the national pension schemes as defined by the laws of Singapore’s jurisdictions in which it has operations. Contributions to defined contribution pension schemes are recognized as an expense in the period in which the related service is performed.     (2) Employees leave entitlement   Employee entitlements to annual leave are recognized as a liability when they are accrued to the employees. The undiscounted liability for leave expected to be settled wholly within the reporting period.   Malaysia   The full-time employees of the Company are entitled to the government mandated defined contribution plan. The Company is required to accrue and pay for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government regulations, and make cash contributions to the government mandated defined contribution plan.   Government Grant   Government grants as compensation for expenses already incurred or for the purpose of giving immediate financial support to the Company during the COVID-19 pandemic. The government evaluates the Company’s eligibility for the grants on a consistent basis, and then makes the payment. Therefore, there are no restrictions on the grants.   Government grants are recognized when received and all the conditions for their receipt have been met and are recorded as part of Other Income. The grants received were S$8,399 and S$45,418 (US$33,514) for the six months ended June 30, 2023 and 2024, respectively from the Singapore Government.
Segment reporting	Segment reporting   ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s Chief Operating Decision Maker (“CODM”) for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products or services. Based on management’s assessment, the Company has determined that it has two operating segments, which are (i) Brokerage, emerging and another related service; and (ii) Estate management services and other related services in Singapore. All assets of the Company are located in Singapore and all revenue is generated in Singapore.   Information reported internally for performance assessment as follows:   Six months ended June 30, 2024       Brokerage, emerging and another related service     Estate management services and other related services     Total     Total       S$     S$     S$     US$   Revenue – external     2,479,416       1,983,553       4,462,969       3,293,218   Revenue – related parties     7,120       -       7,120       5,254   Total revenue     2,486,536       1,983,553       4,470,089       3,298,472                                     Total cost of revenue     (1,474,474 )     (1,325,466 )     (2,799,940 )     (2,066,072 ) Gross profit     1,012,062       658,087       1,670,149       1,232,400                                     Operating expenses     (3,483,254 )     (915,591 )     (4,398,845 )     (3,245,900 )                                   Share-based compensation                         Interest income     130,072       6,607       136,679       100,855   Interest expense     (14,904 )     -       (14,904 )     (10,998 ) Government grants     45,668       (250 )     45,418       33,514   Foreign exchange gain     266,616       -       266,616       196,736   Other income, net     15,150       352       15,502       11,439   Loss before income tax expenses     (2,028,590 )     (250,795 )     (2,279,385 )     (1,681,954 ) Segment loss     (2,028,590 )     (250,795 )     (2,279,385 )     (1,681,954 )                                   Total assets     11,916,421       829,759       12,746,180       9,405,386   Total liabilities     5,001,094       863,115       5,864,209       4,327,192   Net assets     6,915,327       (33,356 )     6,881,971       5,078,194     There was only one segment which is the brokerage, emerging and other related services segment as of June 30, 2023.
Leases	Leases   The Company adopted ASC 842 on January 1, 2019. The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liability, and operating lease liability, non-current in the Company’s unaudited interim condensed consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements; and (ii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and(c) initial direct costs.
Income taxes	Income taxes   The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.   Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the unaudited interim condensed consolidated financial statements  and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.   An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax for the six months ended June 30, 2023 and 2024. The Company had no uncertain tax positions for the six months ended June 30, 2023 and 2024. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.
Comprehensive loss	Comprehensive loss   Comprehensive loss consists of two components, net loss and other comprehensive loss. Other comprehensive loss refers to revenues, expenses, gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net loss. Other comprehensive loss consists of a foreign currency translation adjustment resulting from the Company not using the United States dollar as its functional currencies.
Loss per share	Loss per share   The Company computes loss per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net loss divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the six months ended June 30, 2023, there were no dilutive shares. For the six months ended June 30, 2024, the total diluted ordinary share was 23,262,574 as compared to the basic number of ordinary share issued at 19,221,384   as of December 31, 2023.
Related party transactions	Related party transactions   Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence, such as a family member or relative, shareholder, or a related corporation.
Commitments and Contingencies	Commitments and Contingencies   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 a 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.
Concentration of Risks	Concentration of Risks   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 place our 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 of customers, and generally does not require collateral or other security from our customers. The Company establish an allowance for doubtful accounts primarily based upon the factors surrounding the credit risk of specific customers.   Concentration of customers   As of June 30, 2024, no customer accounted for 10% of the account receivables. As of December 31, 2023, two customers, one is a provider of general insurance and another is a property consultancy firm, accounted for 10.0% and 25.85% of the account receivables respectively.   Concentration of vendors   For the six months ended June 30, 2024, no vendor accounted for more than 10% of total purchases.   For the year ended December 31, 2023, no vendor accounted for more than 10% of total purchases.
Recently issued accounting pronouncements	Recently issued accounting pronouncements   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 unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of operations and comprehensive loss and unaudited interim condensed consolidated statements of cash flows.

Nature of business and organization (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of subsidiaries	The accompanying unaudited interim condensed consolidated financial statements  reflect the activities of the Company and each of the following entities:   Name   Background   Ownership %   Principal of activity Ohmyhome (BVI) Limited   ● A BVI company ● Incorporated on July 27, 2022   100% owned by the Company   Investment holding               Ohmyhome (S)   ● A Singapore company ● Incorporated on June 12, 2015   100% owned by Ohmyhome BVI   Principally engaged in the provision of a one-stop-shop property platform for its customers               Ohmyhome Property Management Pte. Ltd. (formerly Simply Sakal Pte. Ltd.)   ● A Singapore company ● Incorporated on January 4, 1995 ● Acquired by Ohmyhome (BVI) on October 6, 2023 ● Changed its entity name to Ohmyhome Property Management Pte. Ltd. on November 8, 2023   100% owned by Ohmyhome (BVI)   Principally engaged in the provision of estate management services for residential, commercial and industrial real estate in Singapore.               Ohmyhome Renovation Pte. Ltd.   ● A Singapore company ● Incorporated on March 5, 2020     100% owned by Ohmyhome (S)   Principally engaged in design and build, project management for interior decoration projects for residential and commercial units.               Ohmyhome Insurance Pte. Ltd.   ● A Singapore company ● Incorporated on March 5, 2020   100% owned by Ohmyhome (S)   Dormant               Cora.Pro Pte. Ltd.   ● A Singapore company ● Incorporated on May 31, 2020   100% owned by Ohmyhome (S)     Principally engaged in distributing technology platform product for property management firms and developers to facilitate communication, facility booking, fee and tax payments.               DreamR Project Pte. Ltd. (formerly Ganze Pte. Ltd.)   ● A Singapore company ● Incorporated on December 7, 2021 ● Changed its entity name from Ganze Pte. Ltd. To DreamR Project Pte. Ltd. on June 5, 2023   100% owned by Ohmyhome (S)   Principally engaged in interior decoration projects of high-end residential and commercial units.               Ohmyhome Sdn. Bhd. (“Ohmyhome (M)”)   ● A Malaysia company ● Incorporated on January 17, 2019     49% owned by Ohmyhome (S)   Principally engaged in the provision of a one-stop-shop property platform for its customers in Malaysia               Ohmyhome Realtors Sdn. Bhd.   ● A Malaysia company ● Incorporated on January 17, 2019   49% owned by Ohmyhome (M)*   Principally engaged in the provision of brokerage service for its customers     * Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company.

Summary of significant accounting policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of currency exchange rates	The following table outlines the currency exchange rates that were used in creating the unaudited interim condensed financial statements in this report:         June 30, 2023       December 31, 2023       June 30, 2024   Period-end spot rate     SGD1.00 = RM3.4518       SGD1.00 = RM3.4819       SGD1.00 = RM3.4746   Average rate     SGD1.00 = RM3.3382       SGD1.00 = RM3.3932       SGD1.00 = RM3.5035                             Period-end spot rate     SGD1.00 = USD0.7395       SGD1.00 = USD0.7580       SGD1.00 = USD0.7379   Average rate     SGD1.00 = USD0.7484       SGD1.00 = USD0.7447       SGD1.00 = USD0.7431
Schedule of estimated useful lives	Expected useful lives Leasehold improvements   lesser of lease term or expected useful life Office furniture and fittings   3-5 years Office equipment   3-5 years Computers   3 years
Schedule of estimated useful life	Intangible assets that have determinable lives continue to be amortized over their estimated useful lives as follows:   Software and research and development     5 years   Customer relationships     5 years
Schedule of segment reporting information	Brokerage, emerging and another related service     Estate management services and other related services     Total     Total       S$     S$     S$     US$   Revenue – external     2,479,416       1,983,553       4,462,969       3,293,218   Revenue – related parties     7,120       -       7,120       5,254   Total revenue     2,486,536       1,983,553       4,470,089       3,298,472                                     Total cost of revenue     (1,474,474 )     (1,325,466 )     (2,799,940 )     (2,066,072 ) Gross profit     1,012,062       658,087       1,670,149       1,232,400                                     Operating expenses     (3,483,254 )     (915,591 )     (4,398,845 )     (3,245,900 )                                   Share-based compensation                         Interest income     130,072       6,607       136,679       100,855   Interest expense     (14,904 )     -       (14,904 )     (10,998 ) Government grants     45,668       (250 )     45,418       33,514   Foreign exchange gain     266,616       -       266,616       196,736   Other income, net     15,150       352       15,502       11,439   Loss before income tax expenses     (2,028,590 )     (250,795 )     (2,279,385 )     (1,681,954 ) Segment loss     (2,028,590 )     (250,795 )     (2,279,385 )     (1,681,954 )                                   Total assets     11,916,421       829,759       12,746,180       9,405,386   Total liabilities     5,001,094       863,115       5,864,209       4,327,192   Net assets     6,915,327       (33,356 )     6,881,971       5,078,194

Revenues (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of revenue disaggregated by service	The following table presents the Company’s revenues disaggregated by service lines for the six months ended June 30, 2023 and 2024:       For the Six Months Ended June 30,       2023     2024     2024       SGD     SGD     USD   Operating revenues                         - Brokerage services                         Independent Third Parties     1,334,438       1,531,193       1,129,865   Related Parties     11,288       2,100       1,550       1,345,726       1,533,293       1,131,415   - Property Management                         Independent Third Parties     -       1,983,553       1,463,661   Related Parties     -       -       -       -       1,983,553       1,463,661   - Emerging and other services                         Independent Third Parties     310,255       948,223       699,692   Related Parties     511,040       5,020       3,704       821,295       953,243       703,396                             Total operating revenues     2,167,021       4,470,089       3,298,472

Accounts receivable, net (Tables)	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
Schedule of accounts receivable net	Accounts receivable, net consist of the following:       December 31, 2023     June 30, 2024     Jue 30, 2024       SGD     SGD     USD   Accounts receivable                          590,691       570,038       420,630   Less: Allowance for expected credit losses     (9,802 )     (9,802 )     (7,233 ) Total accounts receivable, net     580,889       560,236       413,397
Schedule of allowance for expected credit losses accounts	Movements of allowance for expected credit losses accounts are as follows:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Allowance for expected credit losses, beginning balance                              9,102       9,802       7,233   Addition     7,619       -       -   Write-off / recovery     (6,919 )     -       -   Allowance for expected credit losses, ending balance     9,802       9,802       7,233
Schedule of accounts receivable net of allowance for doubtful accounts	As of the end of each of the financial year, the aging analysis of accounts receivable, net of allowance for expected credit losses accounts, based on the invoice date is as follows:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Within 30 days                          521,337       515,061       380,063   Between 31 and 60 days     5,698       25,979       19,170   Between 61 and 90 days     10,405       4,733       3,492   More than 90 days     43,449       14,463       10,672   Total accounts receivable, net     580,889       560,236       413,397

Deposit for an acquisition (Tables)	6 Months Ended
	Jun. 30, 2024
Deposit For Acquisition
Schedule of deposit for an acquisition	Deposit for an acquisition consist of the following:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Deposit for an acquisition i                          3,370,757       3,838,872       2,832,698   Less: Long term portion     -       -       -   Deposit for an acquisition – current portion     3,370,757       3,838,872       2,832,698     i As at June 30, 2024 the Company had a outstanding amounts of S$996,504  which is the outstanding balance of a loan facility that the Company, offered to Ohmyhome Property, Inc. to support working capital for building real estate agency Ohmyhome Property, Inc., with interest charged at 5% per annum and repayment term of 1 year or 14 days from the date of demand, and S$2,686,340 (US$1,986,288) which is the debt purchased from the debt seller on July 3, 2023 and its interest that is owed by Ohmyhome Property, Inc. The total amount includes the interests from the loan facility and debt purchased. The Company intends to acquire Ohmyhome Property Inc. and the amount due from Ohmyhome Property Inc. will be taken into consideration in the potential acquisition.

Property and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property plant and equipment	Property and equipment, net consist of the following:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   At cost:                                                          Office furniture and fittings     166,901       167,049       123,265   Office equipment     211,066       223,070       164,603   Leasehold improvements     10,260       14,664       10,821   Total     388,227       404,783       298,689   Accumulated depreciation     (309,959 )     (317,588 )     (234,348 ) Loss of disposal of property and equipment     453       -       -   Property and equipment, net     78,721       87,195       64,341

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets, stated at cost less accumulated amortization, consisted of the following:       December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     USD   Beginning of Period                                      -       -       -   Customer relationships     1,944,044       1,944,044       1,434,507   Software     271,693       292,090       215,533   Research and development     885,675       1,024,637       756,078                     Less: accumulated amortization     (123,848 )     (389,447 )     (287,372 ) End of Period     2,977,564       2,871,324       2,118,746
Schedule of estimated amortization expenses	Estimated amortization expense for each of the next five years:       $   For the six months ended December 31, 2024     (417,306 ) For the years ended December 31, 2025     (682,907 ) 2026     (682,907 ) 2027     (597,322 ) 2028     (490,882 )     (2,871,324 )

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in carrying amount of goodwill	Changes in the carrying amount of goodwill were as follows:       2023     2024     2024       SGD     SGD     USD   Beginning of year     -       2,213,460       1,633,309   Acquisition (Note 10)     2,213,460       -       -   End of year     2,213,460       2,213,460       1,633,309

Business combination (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of consideration paid for assets and liabilities acquired	October 6, 2023   Consideration   SGD   Cash     513,600   Equity instruments     750,000   Consideration payables     3,239,193   Fair value of total consideration transferred     4,502,793         SGD   ASSETS         Cash and bank balances     204,289   Accounts receivable     190,283   Prepayments     12,926   Deposits     16,160   Property and equipment, net     27,845   Intangible assets     271,693   Operating lease right-of-use assets, net     14,817   Other assets     43,235   Total assets     781,248             LIABILITIES         Accounts payable     86,798   Accrued liabilities and other payables     242,604   Bank loans, current portion     43,413   Operating lease obligation, current     15,241   Bank loans, non-current portion     47,903   Total liabilities     435,959             Total identifiable net assets     345,289             Intangible asset (customer relationship)     1,944,044   Goodwill     2,213,460   Fair value of total consideration transferred     4,502,793
Schedule of supplemental unaudited pro forma information	December 31, 2023     December 31, 2023       SGD     USD   Revenue                        7,315,963                          5,545,337   Net loss     (6,368,852 )     (4,827,448 ) Basic earnings per share     (0.36 )     (0.27 ) Diluted earnings per share     (0.34 )     (0.26 )

Stock-based compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of fair value of options granted	The fair value of options granted was determined using the following weighted-average assumptions as of grant date.       2023           Risk-free interest rate     3.93 % Illiquidity Discount     30 % Expected stock price volatility     62.3 % Dividend yield     - %
Schedule of activity in 2023 equity incentive plan	A summary of the activity in the 2023 Equity Incentive Plan follows:       Options Shares     Weighted Average Exercise Price     Weighted Average Remining Contractual Term (Year)     Aggregate Intrinsic Value             USD           USD   Outstanding at beginning of year     -       -       -       -   Granted     1,025,527       1.67       9.3       429,388   Exercised     -       -       -       -   Forfeited or expired     -       -       -           Outstanding at end of year     1,025,527       1.67       9.3       429,388   Fully vested and expected to vest     945,541       1.60       9.4           Exercisable at end of year of 2023     945,541       9.4       9.4       407,607
Schedule of information related to the stock option plan	Information related to the stock option plan during each year follows:       2022     2023     2023       SGD     SGD     USD   Intrinsic value of options exercised             -       -   Cash received from option exercises             -       -   Tax benefit from option exercises             -       -   Weighted average fair value of options granted             566,492       429,388

Bank loans (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of bank loans	Outstanding balances of bank loans consist of the following:   Bank Name   Drawn/ Maturities   Interest Rate     Collateral/Guarantee   December 31, 2022 SGD     December 31, 2023 SGD     June 30, 2024 SGD     June 30, 2024 USD   CIMB Bank Berhad, Singapore Branch   August 2020 /August 2023     3.00 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company     23,005       -       -       -   DBS Bank Ltd.   June 2020 /June 2025     3.00 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Anthill, major shareholder of the Company     518,715       315,878       212,158       156,551   Maybank Singapore Limited   November 2020/November 2025     2.75 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company     239,982       159,859       118,964       87,784   United Overseas Bank Limited   November 2020/November 2025     2.25 %   Guaranteed by Mr. Kenneth Chong, Chief Executive Officer and Director of Ohmyhome Property Management Pte Ltd     -       82,018       61,927       45,695   ORIX Leasing Singapore Limited   April 2024/April 2029     7.50 %   Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company     -       -       430,435       317,617   Total                     781,702       557,755       823,484       607,647   Bank loans, current portion                     305,965       331,528       344,835       254,453   Bank loans, non-current portion                     475,737       226,227       478,649       353,194
Schedule of maturities schedule long term debt	Twelve months ending June 30,       SGD     USD                 2025     344,705       254,357   2026     69,406       51,215   2027     11,088       8182   2028     11,088       8182   2029     387,197       285,712   Total     823,484       607,648

Accrued liabilities and other payables (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of accrued expenses and other payables	The components of accrued expenses and other payables are as follows:       December 31, 2023     June 30, 2024     June 30, 2024                                  SGD     SGD     USD   Accrued payroll and welfare*     491,009       187,971       138,704   Accrued expenses**     319,486       466,177       343,991   Other payable***     596,757       256,231       189,074   Total accrued liabilities and other payables     1,407,252       910,379       671,769     * Includes salary and fees due to directors amounting to S$427,896 as of December 31, 2023, and S$171,696 as of June 30, 2024, whereas the salaries were due and payout was postponed as agreed with the directors.   ** Accrued expenses mainly consist of accrual of professional service fees and other costs incurred yet to bill.   *** Other payable mainly consists of payable for other services and utilities expenses. As of December 31, 2023, there is a short-term advances from directors with a balance of S$541,636 (US$410,548).

Related party balances and transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of related party balances	Related party balances   Transaction nature   Name   As of December 31, 2023     As of June 30, 2024     As of June 30, 2024           SGD     SGD     USD                                 Amount due from   Anthill Corp     3,495 i     3,495 i     2,649                                 Amount due to   Ms. Wong Wan Chew     240,000 ii     95,848 iv     70,726                                 Amount due to   Ms Wong Wan Pei     188,425 iii     104,181 iv     76,875     i On June 22, 2023, the Company extended payment for Notarization services for Anthill Corp in view of operational urgency. This amount will be recovered by December 31, 2024 from Anthill Corp.   ii On December 28, 2023, Ms. Wong Wan Chew made short-term advances to the Company S$240,000 for general working capital and general corporate purposes.   iii On March 10 and September 12, 2023, Ms. Wong Wan Pei paid on behalf of the Company using her credit card facility for PropertyGuru advertisement packages for the amounts of S$169,817 and S$110,000, respectively, while the Company repaid the monthly instalments. During the year, the accumulated credit card settlements amounted to S$291,392 and resulted an overpayment of S$11,575. On November 30, 2023, Ms. Wong Wan Pei made short-term advances to the Company S$200,000 for general working capital and general corporate purposes.   iv As of June 30, 2024, an amount of S$85,848 each in salaries of Ms. Wong Wan Chew and Ms. Wong Wan Pei were postponed and used for the Company’s working capital purposes without interest as agreed with the two directors. The Company also has an outstanding balance of S$10,000 and S$18,333 to Ms. Wong Wan Chew and Ms. Wong Wan Pei respectively for installment payments for PropertyGuru advertisement packages.
Schedule of related party transactions	Related party transactions   Transaction nature   Name   June 30, 2023     June 30, 2024     June 30, 2024           SGD     SGD     USD   Brokerage services provided to   Ms. Rhonda Wong     288 (1)     2,100 (1)     1,550   Brokerage services provided to   Mr. David Loh     11,000 (2)     -       -   Emerging and other services to   Mr. David Loh     511,040 (3)     -       -   Emerging and other services to   Ms. Rhonda Wong     -       250 (4)     184   Emerging and other services to   Ms. Race Wong     -       4,770 (5)     3,520       (1) Ms. Rhonda Wong engaged the Company to handle curtain cleaning services in the six months ended June 30, 2023, and Ms. Rhonda Wong paid the service fee of S$288. In the six months ended June 30, 2024, Ms. Rhonda Wong paid the rental commission to the Company, being S$2,100 (US$1,550) for engaging the Company to look for a tenant.         (2) Mr. David Loh engaged the Company to look for a tenant for a property and was completed during the six months ended June 30, 2023. Mr. David Loh paid a service fee of S$11,000 to the Company.     (3) On February 25, 2022, the Company entered into a services agreement with subsequent various orders with Mr. Loh. During the year ended December 31, 2023, revenue recognized for the services agreement with Mr. David Loh for S$511,040.     (4) Ms. Rhonda Wong engaged the Company to provide curtain cleaning services and paid S$250 (US$184) for the service.     (5) Ms. Race Wong engaged the Company to provide house cleaning services and paid S$4,770 (US$3,520) for the service.

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of income taxes	The components of loss before income taxes were comprised of the following:       December 31, 2022     December 31,2023     June 30, 2024     June 30, 2024       SGD     SGD     SGD     USD   Tax jurisdiction from:                                 Singapore     (2,959,534 )     (5,434,925 )     (2,268,804 )     (1,689,761 ) Malaysia     (114,507 )     (81,299 )     (10,581 )     (7,807 ) Loss before income taxes provision     (3,074,041 )     (5,516,224 )     (2,279,385 )     (1,681,954 )
Schedule of provision for income taxes	The provision for income taxes consisted of the following:        December 31, 2022     December 31, 2023     June 30, 2024     June 30, 2024       SGD     SGD     SGD     USD   Deferred tax assets:                                 Singapore     503,121       924,114       385,697       287,259   Malaysia     19,466       13,644       1,799       1,327                                     Less: valuation allowance                                 Singapore     (503,121 )     (924,114 )     (385,697 )     (287,259 ) Malaysia     (19,466 )     (13,644 )     (1,799 )     (1,327 ) Deferred tax assets     -       -       -       -

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of commitment for minimum lease payments	The Company’s commitment for minimum lease payments under the operating lease that is within twelve months as of June 30, 2024 as follow:   Twelve months ending June 30,   Minimum lease payment   2025     282,900   2026     11,119   Total future lease payment     294,019   Amount representing interest     (2,308 ) Present value of operating lease liabilities     291,711   Less: current portion     (280,592 ) Long-term portion     11,119
Schedule of other supplemental information	The following summarizes other supplemental information about the Company’s operating lease as of June 30, 2024:   Weighted average discount rate     2.15 % Weighted average remaining lease term (years)     1.0 years

Schedule of subsidiaries (Details)		6 Months Ended
		Jun. 30, 2024	Oct. 06, 2023
Ohmyhome (BVI) Limited [Member]
Noncontrolling interest ownership percentage by parent		100.00%
Noncontrolling interest description		Investment holding
Ohmyhome (S) [Member]
Noncontrolling interest ownership percentage by parent		100.00%
Noncontrolling interest description		Principally engaged in the provision of a one-stop-shop property platform for its customers
Ohmyhome Property Management Pte. Ltd. (formerly Simply Sakal Pte. Ltd.) [Member]
Noncontrolling interest ownership percentage by parent		100.00%	100.00%
Noncontrolling interest description		Principally engaged in the provision of estate management services for residential, commercial and industrial real estate in Singapore.
OhmyHome Renovation Pte Ltd [Member]
Noncontrolling interest ownership percentage by parent		100.00%
Noncontrolling interest description		Principally engaged in design and build, project management for interior decoration projects for residential and commercial units.
OhmyHome Insurance Pte Ltd [Member]
Noncontrolling interest ownership percentage by parent		100.00%
Noncontrolling interest description		Dormant
Cora Pro Pte Ltd [Member]
Noncontrolling interest ownership percentage by parent		100.00%
Noncontrolling interest description		Principally engaged in distributing technology platform product for property management firms and developers to facilitate communication, facility booking, fee and tax payments.
DreamR Project Pte. Ltd. (formerly Ganze Pte. Ltd.) [Member]
Noncontrolling interest ownership percentage by parent		100.00%
Noncontrolling interest description		Principally engaged in interior decoration projects of high-end residential and commercial units.
OhMyHome Sdu Bhd OhMyHome M [Member]
Noncontrolling interest ownership percentage by parent		49.00%
Noncontrolling interest description		Principally engaged in the provision of a one-stop-shop property platform for its customers in Malaysia
Ohmyhome Realtors Sdn. Bhd. [Member]
Noncontrolling interest ownership percentage by parent	[1]	49.00%
Noncontrolling interest description		Principally engaged in the provision of brokerage service for its customers
[1] Where less than 50% of the equity of an investee is held, the Company (through its subsidiaries) holds significantly more voting rights than any other vote holder or organized company of vote holders. An assessment has been made, taking into account all the factors relevant to the relationship with the investee, to ascertain control has been established and the investee should be consolidated as a subsidiary of the Company.

Nature of business and organization (Details Narrative)					6 Months Ended
	Feb. 16, 2024 shares	Oct. 06, 2023 shares	Mar. 23, 2023 USD ($) $ / shares shares	Nov. 30, 2022	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)
Number of shares issued		171,384	2,800,000
Gross proceeds from initial public offering					$ 3,849,545	$ 5,216,904	$ 11,292,152
IPO [Member]
Number of shares issued	3,555,555		2,800,000
Share price | $ / shares			$ 4.00
Gross proceeds from initial public offering | $			$ 11,200,000
Anthill [Member]
Beneficial ownership interest percentage				57.79%
Anthill [Member] | Ohmyhome (BVI) Limited [Member]
Beneficial ownership interest percentage				57.79%
Other Existing Shareholders [Member]
Beneficial ownership interest percentage				42.21%
Other Existing Shareholders [Member] | Ohmyhome (BVI) Limited [Member]
Beneficial ownership interest percentage				42.21%
Ohmyhome Property Management Pte. Ltd. (formerly Simply Sakal Pte. Ltd.) [Member]
Noncontrolling interest ownership percentage by parent		100.00%			100.00%	100.00%

Liquidity and going concern (Details Narrative)						6 Months Ended			12 Months Ended
	Feb. 16, 2024 SGD ($) shares	Feb. 02, 2024 USD ($)	Feb. 02, 2024 SGD ($)	Oct. 06, 2023 shares	Mar. 23, 2023 shares	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)	Dec. 31, 2023 SGD ($)	Jun. 30, 2024 SGD ($)	Feb. 16, 2024 $ / shares
Subsidiary, Sale of Stock [Line Items]
Net Cash Provided by (Used in) Operating Activities						$ 1,500,269	$ 2,033,164	$ 2,546,400
[custom:WorkingCapital]						894,805	1,212,644
Cash Equivalents, at Carrying Value						$ 1,803,679				$ 2,444,346
Number of shares issued, shares | shares				171,384	2,800,000
Issuance of new shares | $							$ 5,231,284		$ 11,234,403
working capital loan		$ 327,397	$ 432,000
Loan term		5 years	5 years
Interest rate		7.50%	7.50%			5.00%				5.00%
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares issued, shares | shares	3,555,555				2,800,000
Share Price | $ / shares											$ 1.35
Issuance of new shares | $	$ 4,800,000

Schedule of currency exchange rates (Details)	6 Months Ended						12 Months Ended
	Jun. 30, 2024 $ / shares	Jun. 30, 2024 $ / shares	Jun. 30, 2024 RM / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2023 RM / shares	Dec. 31, 2023 $ / shares	Dec. 31, 2023 $ / shares	Dec. 31, 2023 RM / shares
Accounting Policies [Abstract]
Year-end spot rate | (per share)	$ 0.7379	$ 1.00	RM 3.4746	$ 0.7395	$ 1.00	RM 3.4518	$ 0.7580	$ 1.00	RM 3.4819
Average rate | (per share)	$ 0.7431	$ 1.00	RM 3.5035	$ 0.7484	$ 1.00	RM 3.3382	$ 0.7447	$ 1.00	RM 3.3932

Schedule of estimated useful lives (Details)	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Expected useful lives	Leasehold Improvements [Member]
Office Furniture and Fittings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	3 years
Office Furniture and Fittings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	5 years
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Expected useful lives	3 years

Schedule of estimated useful life (Details)	Jun. 30, 2024
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Customer Relationships [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

Schedule of segment reporting information (Details)	6 Months Ended			12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)	Jun. 30, 2024 SGD ($)
Total revenue	$ 3,298,472	$ 4,470,089	$ 2,167,021
Total cost of revenue	(2,066,072)	(2,799,940)	(1,363,376)
Gross profit	1,232,400	1,670,149	803,645
Total operating expenses	(3,245,900)	(4,398,845)	(3,430,676)
Share based compensation				$ (407,607)	$ (537,756)
Interest income	100,855	136,679	24,454
Interest expense	(10,998)	(14,904)	(16,721)
Other income (expense),net	33,514	45,418	8,399
Foreign exchange (loss) gain	196,736	266,616	114,013
Other income (expense), net	11,439	15,502
Income (loss) before income tax expenses	(1,681,954)	(2,279,385)	(2,496,886)		(5,516,224)	$ (3,074,041)
NET LOSS	(1,681,954)	(2,279,385)	$ (2,496,886)		(5,516,224)
Total assets	9,405,386				10,301,940		$ 12,746,180
Total liabilities	4,327,192				$ 6,299,365		5,864,209
Net assets	5,078,194						6,881,971
Independent Third Parties [Member]
Total revenue	3,293,218	4,462,969
Related Parties [Member]
Total revenue	$ 5,254	7,120
Brokerage Emerging And Another Related Service [Member]
Total revenue		2,486,536
Total cost of revenue		(1,474,474)
Gross profit		1,012,062
Total operating expenses		(3,483,254)
Share based compensation
Interest income		130,072
Interest expense		(14,904)
Other income (expense),net		45,668
Foreign exchange (loss) gain		266,616
Other income (expense), net		15,150
Income (loss) before income tax expenses		(2,028,590)
NET LOSS		(2,028,590)
Total assets							11,916,421
Total liabilities							5,001,094
Net assets							6,915,327
Brokerage Emerging And Another Related Service [Member] | Independent Third Parties [Member]
Total revenue		2,479,416
Brokerage Emerging And Another Related Service [Member] | Related Parties [Member]
Total revenue		7,120
Estate Management Services And Other Related Services [Member]
Total revenue		1,983,553
Total cost of revenue		(1,325,466)
Gross profit		658,087
Total operating expenses		(915,591)
Share based compensation
Interest income		6,607
Interest expense
Other income (expense),net		(250)
Foreign exchange (loss) gain
Other income (expense), net		352
Income (loss) before income tax expenses		(250,795)
NET LOSS		(250,795)
Total assets							829,759
Total liabilities							863,115
Net assets							$ (33,356)
Estate Management Services And Other Related Services [Member] | Independent Third Parties [Member]
Total revenue		1,983,553
Estate Management Services And Other Related Services [Member] | Related Parties [Member]
Total revenue

Summary of significant accounting policies (Details Narrative)				6 Months Ended			12 Months Ended
	Feb. 16, 2024 shares	Oct. 06, 2023 shares	Mar. 23, 2023 shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 SGD ($) $ / shares shares	Jun. 30, 2023 SGD ($) shares	Dec. 31, 2023 USD ($) shares	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 SGD ($)
Product Information [Line Items]
Convenience translation rate | (per share)				$ 0.7379	$ 1.00
Allowance for doubtful accounts for accounts receivable				$ 7,233				$ 9,802	$ 9,802
Legal fees										$ 504,567	$ 676,321
Issuance of new shares, shares		171,384	2,800,000
Public offering deferred costs									114,794
Capitalized Computer Software, Net				117,592			$ 700,000	159,360	900,000
Contract liabilities				66,611				90,271	103,655
Advertising expense				507,777	$ 687,191	$ 378,507
Research and development, net				895,556	1,213,661
Selling and marketing expenses				729,687	$ 988,872	848,504
Government grant				$ 33,514		$ 8,399		$ 45,418
Diluted				23,262,574	23,262,574	19,050,000
Basic				21,864,942	21,864,942	19,050,000	19,221,384
Customer Concentration Risk [Member] | Accounts Receivable [Member] | No Customer [Member]
Product Information [Line Items]
Concentration risk percentage				10.00%	10.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Product Information [Line Items]
Concentration risk percentage							10.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Two Customer [Member]
Product Information [Line Items]
Concentration risk percentage							25.85%
Supplier Concentration Risk [Member] | Purchases [Member] | No Vendor [Member]
Product Information [Line Items]
Concentration risk percentage				10.00%	10.00%		10.00%
Software and Software Development Costs [Member]
Product Information [Line Items]
Estimated useful life				5 years				5 years
IPO [Member]
Product Information [Line Items]
Issuance of new shares, shares	3,555,555		2,800,000
Public offering deferred costs							$ 87,012	$ 0	$ 114,794

Schedule of revenue disaggregated by service (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 3,298,472	$ 4,470,089	$ 2,167,021
Independent Third Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	3,293,218	4,462,969
Related Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	5,254	7,120
Brokerage Services [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	1,131,415	1,533,293	1,345,726
Brokerage Services [Member] | Independent Third Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	1,129,865	1,531,193	1,334,438
Brokerage Services [Member] | Related Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	1,550	2,100	11,288
Property Management [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	1,463,661	1,983,553
Property Management [Member] | Independent Third Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	1,463,661	1,983,553
Property Management [Member] | Related Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues
Emerging and Other Services [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	703,396	953,243	821,295
Emerging and Other Services [Member] | Independent Third Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	699,692	948,223	310,255
Emerging and Other Services [Member] | Related Parties [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues	$ 3,704	$ 5,020	$ 511,040

Schedule of accounts receivable net (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Credit Loss [Abstract]
Accounts receivable	$ 420,630	$ 570,038	$ 590,691
Less: Allowance for expected credit losses	(7,233)	(9,802)	(9,802)
Total accounts receivable, net	$ 413,397	$ 560,236	$ 580,889

Schedule of allowance for expected credit losses accounts (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Credit Loss [Abstract]
Allowance for expected credit losses, beginning balance	$ 7,233	$ 9,802	$ 9,102
Addition			7,619
Write-off / recovery			(6,919)
Allowance for expected credit losses, ending balance	$ 7,233	$ 9,802	$ 9,802

Schedule of accounts receivable net of allowance for doubtful accounts (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total accounts receivable, net	$ 413,397	$ 560,236	$ 580,889
Within 30 days [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total accounts receivable, net	380,063	515,061	521,337
Between 31 and 60 days [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total accounts receivable, net	19,170	25,979	5,698
Between 61 and 90 days [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total accounts receivable, net	3,492	4,733	10,405
More than 90 days [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total accounts receivable, net	$ 10,672	$ 14,463	$ 43,449

Schedule of deposit for an acquisition (Details) - Related Party [Member]		Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Defined Benefit Plan Disclosure [Line Items]
Deposit for an acquisition	[1]	$ 2,832,698	$ 3,838,872	$ 3,370,757
Less: Long term portion
Deposit for an acquisition - current portion		$ 2,832,698	$ 3,838,872	$ 3,370,757
[1] As at June 30, 2024 the Company had a outstanding amounts of S$996,504  which is the outstanding balance of a loan facility that the Company, offered to Ohmyhome Property, Inc. to support working capital for building real estate agency Ohmyhome Property, Inc., with interest charged at 5% per annum and repayment term of 1 year or 14 days from the date of demand, and S$2,686,340 (US$1,986,288) which is the debt purchased from the debt seller on July 3, 2023 and its interest that is owed by Ohmyhome Property, Inc. The total amount includes the interests from the loan facility and debt purchased. The Company intends to acquire Ohmyhome Property Inc. and the amount due from Ohmyhome Property Inc. will be taken into consideration in the potential acquisition.

Schedule of Deposit for an acquisition (Details) (Parenthetical)	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Feb. 02, 2024
Defined Benefit Plan Disclosure [Line Items]
Loan interest rate	5.00%	5.00%	7.50%
Loan repayment term	1 year
Debt purchased from debt seller	$ 1,986,288	$ 2,686,340
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Outstanding loan amount		$ 996,504

Schedule of property plant and equipment (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Property, Plant and Equipment [Line Items]
Total	$ 298,689	$ 404,783	$ 388,227
Accumulated depreciation	(234,348)	(317,588)	(309,959)
Loss of disposal of property and equipment			453
Property and equipment, net	64,341	87,195	78,721
Office Furniture and Fittings [Member]
Property, Plant and Equipment [Line Items]
Total	123,265	167,049	166,901
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	164,603	223,070	211,066
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	$ 10,821	$ 14,664	$ 10,260

Property and equipment, net (Details Narrative)	6 Months Ended			12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)	Dec. 31, 2023 SGD ($)
Property, Plant and Equipment [Abstract]
Depreciation	$ 5,630	$ 7,630	$ 20,777	$ 34,448
Impairment loss		$ 0		$ 0

Schedule of intangible assets (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance	$ 2,118,746	$ 2,871,324	$ 2,977,564
Customer relationships	1,434,507	1,944,044	1,944,044
Software	215,533	292,090	271,693
Research and development	756,078	1,024,637	885,675
Intangible Assets, gross
Less: accumulated amortization	(287,372)	(389,447)	(123,848)
Balance	$ 2,118,746	$ 2,871,324	$ 2,977,564

Schedule of estimated amortization expenses (Details)	Jun. 30, 2024 SGD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
For the six months ended December 31, 2024	$ (417,306)
For the years ended December 31, 2025	(682,907)
2026	(682,907)
2027	(597,322)
2028	(490,882)
Total	$ (2,871,324)

Schedule of changes in carrying amount of goodwill (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning of year	$ 1,633,309	$ 2,213,460
Acquisition (Note 10)			2,213,460
End of year	$ 1,633,309	$ 2,213,460	$ 2,213,460

Goodwill (Details Narrative)	6 Months Ended
	Jun. 30, 2024 SGD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 0

Schedule of consideration paid for assets and liabilities acquired (Details)	Oct. 06, 2023 SGD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
LIABILITIES
Intangible asset (customer relationship)		$ 1,434,507	$ 1,944,044		$ 1,944,044
Goodwill		1,633,309	2,213,460	$ 1,633,309	$ 2,213,460
Simply Sakal Pte Ltd [Member]
Business Acquisition [Line Items]
Cash	$ 513,600
Equity instruments	750,000
Consideration payables	3,239,193
Fair value of total consideration transferred	4,502,793
ASSETS
Cash and bank balances	204,289
Accounts receivable	190,283
Prepayments	12,926
Deposits	16,160
Property and equipment, net	27,845
Intangible assets	271,693
Operating lease right-of-use assets, net	14,817
Other assets	43,235
Total assets	781,248
LIABILITIES
Accounts payable	86,798
Accrued liabilities and other payables	242,604
Bank loans, current portion	43,413
Operating lease obligation, current	15,241
Bank loans, non-current portion	47,903
Total liabilities	435,959
Total identifiable net assets	345,289
Intangible asset (customer relationship)	1,944,044	1,473,542	1,944,044
Goodwill	2,213,460	$ 1,677,753	$ 2,213,460
Fair value of total consideration transferred	$ 4,502,793

Schedule of supplemental unaudited pro forma information (Details) - 12 months ended Dec. 31, 2023	USD ($) $ / shares	SGD ($) $ / shares
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Revenue	$ 5,545,337	$ 7,315,963
Net loss	$ (4,827,448)	$ (6,368,852)
Basic earnings per share | (per share)	$ (0.27)	$ (0.36)
Diluted earnings per share | (per share)	$ (0.26)	$ (0.34)

Business combination (Details Narrative)		12 Months Ended
	Oct. 06, 2023 SGD ($) shares	Dec. 31, 2023 USD ($)	Dec. 31, 2023 SGD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
Business Acquisition [Line Items]
Goodwill		$ 1,633,309		$ 1,633,309	$ 2,213,460	$ 2,213,460
Fair value of intangible assets				1,434,507	1,944,044	$ 1,944,044
Contractual amount receivable	$ 190,283
General and Administrative Expense [Member]
Business Acquisition [Line Items]
Acquisition related cost		$ 68,502	$ 90,375
Simply Sakal Pte Ltd [Member]
Business Acquisition [Line Items]
Total consideration amount	4,502,793
Consideration share amount	750,000
Cash consideraton	$ 513,600
Cash consideraton shares | shares	171,384
Goodwill	$ 2,213,460			1,677,753	2,213,460
Fair value of intangible assets	1,944,044			$ 1,473,542	$ 1,944,044
Simply Sakal Pte Ltd [Member] | Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
Total consideration amount	4,712,000
Cash	1,712,000
Consideration share amount	$ 3,000,000
Simply Sakal Pte Ltd [Member]
Business Acquisition [Line Items]
Ownership percentage	100.00%

Schedule of fair value of options granted (Details)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	3.93%
Illiquidity Discount	30.00%
Expected stock price volatility	62.30%
Dividend yield

Schedule of activity in 2023 equity incentive plan (Details) - 2023 Equity Incentive Plan [Member]	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options Shares, Outstanding at beginning of year
Aggregate Intrinsic Value, Outstanding at beginning of year | $
Options Shares, Granted	1,025,527
Weighted Average Exercise Price, Granted | $ / shares	$ 1.67
Weighted Average Remining Contractual Term, Granted	9 years 3 months 18 days
Aggregate Intrinsic Value, Granted | $	$ 429,388
Options Shares, Exercised
Options Shares, Forfeited or expired
Options Shares, Outstanding at end of year	1,025,527
Weighted Average Exercise Price, Outstanding at end of year | $ / shares	$ 1.67
Weighted Average Remining Contractual Term, Outstanding at end of year	9 years 3 months 18 days
Aggregate Intrinsic Value, Outstanding at end of year | $	$ 429,388
Options Shares, Fully vested and expected to vest	945,541
Weighted Average Exercise Price, Fully vested and expected to vest | $ / shares	$ 1.60
Weighted Average Remining Contractual Term, Fully vested and expected to vest	9 years 4 months 24 days
Option Shares, Exercisable at end of year of 2023	945,541
Weighted Average Exercise Price, Exercisable at end of year of 2023 | $ / shares	$ 9.4
Weighted Average Remining Contractual Term, Exercisable at end of year of 2023	9 years 4 months 24 days
Aggregate Intrinsic Value, Exercisable at end of year of 2023 | $	$ 407,607

Schedule of information related to the stock option plan (Details) - 12 months ended Dec. 31, 2023	USD ($)	SGD ($)
Share-Based Payment Arrangement [Abstract]
Intrinsic value of options exercised
Cash received from option exercises
Tax benefit from option exercises
Weighted average fair value of options granted	$ 429,388	$ 566,492

Stock-based compensation (Details Narrative)	6 Months Ended			12 Months Ended
	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 SGD ($) shares	Jun. 30, 2023 SGD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 SGD ($) shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation				$ 407,607	$ 537,756
Vesting schedule	75,986	75,986
Vesting period	1 year	1 year
2023 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options outstanding	1,025,527	1,025,527
Stock options granted	1,025,527	1,025,527
Unrecognized compensation cost				$ 21,781	$ 28,736
Weighted average period				7 years 4 months 24 days	7 years 4 months 24 days
2023 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options granted				1,025,527	1,025,527
Stock options outstanding				1,025,527	1,025,527
2023 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options granted				688,652	688,652
2023 Equity Incentive Plan [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized to issue				2,000,000	2,000,000

Schedule of bank loans (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Feb. 02, 2024	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
Line of Credit Facility [Line Items]
Interest Rate	5.00%	5.00%	7.50%
Principal amount	$ 607,647	$ 823,484		$ 557,755	$ 781,702
Principal amount	254,453	344,835		331,528	305,965
Principal amount	$ 353,194	$ 478,649		226,227	475,737
CIMB Bank Berhad, Singapore Branch [Member]
Line of Credit Facility [Line Items]
Drawn and maturity	August 2020 /August 2023
Interest Rate	3.00%	3.00%
Collateral/Guarantee	Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company
Principal amount					23,005
DBS Bank Ltd [Member]
Line of Credit Facility [Line Items]
Drawn and maturity	June 2020 /June 2025
Interest Rate	3.00%	3.00%
Collateral/Guarantee	Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Anthill, major shareholder of the Company
Principal amount	$ 156,551	$ 212,158		315,878	518,715
Maybank Singapore Limited [Member]
Line of Credit Facility [Line Items]
Drawn and maturity	November 2020/November 2025
Interest Rate	2.75%	2.75%
Collateral/Guarantee	Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company
Principal amount	$ 87,784	$ 118,964		159,859	239,982
United Overseas Bank Limited [Member]
Line of Credit Facility [Line Items]
Drawn and maturity	November 2020/November 2025
Interest Rate	2.25%	2.25%
Collateral/Guarantee	Guaranteed by Mr. Kenneth Chong, Chief Executive Officer and Director of Ohmyhome Property Management Pte Ltd
Principal amount	$ 45,695	$ 61,927		82,018
ORIX Leasing Singapore Limited [Member]
Line of Credit Facility [Line Items]
Drawn and maturity	April 2024/April 2029
Interest Rate	7.50%	7.50%
Collateral/Guarantee	Guaranteed by Ms. Rhonda Wong, Chief Executive Officer and Director of the Company and Ms. Race Wong, Chief Operating Officer and Director of the Company
Principal amount	$ 317,617	$ 430,435

Schedule of maturities schedule long term debt (Details) - Jun. 30, 2024	USD ($)	SGD ($)
Debt Disclosure [Abstract]
2025	$ 254,357	$ 344,705
2026	51,215	69,406
2027	8,182	11,088
2028	8,182	11,088
2029	285,712	387,197
Total	$ 607,648	$ 823,484

Bank loans (Details Narrative)	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Debt Disclosure [Abstract]
Interest Expense	$ 8,451	$ 11,453	$ 19,105

Schedule of accrued expenses and other payables (Details)		Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Payables and Accruals [Abstract]
Accrued payroll and welfare	[1]	$ 138,704	$ 187,971	$ 491,009
Accrued expenses	[2]	343,991	466,177	319,486
Other payable	[3]	189,074	256,231	596,757
Total accrued liabilities and other payables		$ 671,769	$ 910,379	$ 1,407,252
[1] Includes salary and fees due to directors amounting to S$427,896 as of December 31, 2023, and S$171,696 as of June 30, 2024, whereas the salaries were due and payout was postponed as agreed with the directors. [2] Accrued expenses mainly consist of accrual of professional service fees and other costs incurred yet to bill. [3] Other payable mainly consists of payable for other services and utilities expenses. As of December 31, 2023, there is a short-term advances from directors with a balance of S$541,636 (US$410,548).

Schedule of accrued expenses and other payables (Details) (Parenthetical)	6 Months Ended	12 Months Ended
	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 SGD ($)
Salary and fees due to directors	$ 171,696	$ 427,896
Director [Member]
Short-term advances from directors			$ 410,548	$ 541,636

Schedule of related party balances (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)		Dec. 31, 2023 SGD ($)		Dec. 28, 2023 SGD ($)	Nov. 30, 2023 SGD ($)	Sep. 12, 2023 SGD ($)	Mar. 10, 2023 SGD ($)
Related Party Transaction [Line Items]
Amount due to
Anthill Corp [Member]
Related Party Transaction [Line Items]
Amount due to	2,649	3,495	[1]	3,495	[1]
Mr. Wong Wan Chew [Member]
Related Party Transaction [Line Items]
Amount due to	70,726
Amount due to		95,848	[2]	240,000	[3]	$ 240,000
Mr. Wong Wan Pei [Member]
Related Party Transaction [Line Items]
Amount due to	$ 76,875
Amount due to		$ 104,181	[2]	$ 188,425	[4]		$ 200,000	$ 110,000	$ 169,817
[1] On June 22, 2023, the Company extended payment for Notarization services for Anthill Corp in view of operational urgency. This amount will be recovered by December 31, 2024 from Anthill Corp. [2] As of June 30, 2024, an amount of S$85,848 each in salaries of Ms. Wong Wan Chew and Ms. Wong Wan Pei were postponed and used for the Company’s working capital purposes without interest as agreed with the two directors. The Company also has an outstanding balance of S$10,000 and S$18,333 to Ms. Wong Wan Chew and Ms. Wong Wan Pei respectively for installment payments for PropertyGuru advertisement packages. [3] On December 28, 2023, Ms. Wong Wan Chew made short-term advances to the Company S$240,000 for general working capital and general corporate purposes. [4] On March 10 and September 12, 2023, Ms. Wong Wan Pei paid on behalf of the Company using her credit card facility for PropertyGuru advertisement packages for the amounts of S$169,817 and S$110,000, respectively, while the Company repaid the monthly instalments. During the year, the accumulated credit card settlements amounted to S$291,392 and resulted an overpayment of S$11,575. On November 30, 2023, Ms. Wong Wan Pei made short-term advances to the Company S$200,000 for general working capital and general corporate purposes.

Schedule of related party balances (Details) (Parenthetical)	6 Months Ended	12 Months Ended
	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)		Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)		Dec. 28, 2023 SGD ($)	Nov. 30, 2023 SGD ($)	Sep. 12, 2023 SGD ($)	Mar. 10, 2023 SGD ($)
Related Party Transaction [Line Items]
Short-term advances
Salary and fees due to two directors	$ 171,696	427,896
Mr. Wong Wan Chew [Member]
Related Party Transaction [Line Items]
Short-term advances		240,000	[1]		95,848	[2]	$ 240,000
Payment for line of credit	10,000
Mr. Wong Wan Pei [Member]
Related Party Transaction [Line Items]
Short-term advances		188,425	[3]		$ 104,181	[2]		$ 200,000	$ 110,000	$ 169,817
Accumulated credit card settlements		291,392
Credit card overpayment amount		$ 11,575
Payment for line of credit	18,333
Wong Wan Chew And Wong Wan Pei [Member]
Related Party Transaction [Line Items]
Salary and fees due to two directors	$ 85,848
[1] On December 28, 2023, Ms. Wong Wan Chew made short-term advances to the Company S$240,000 for general working capital and general corporate purposes. [2] As of June 30, 2024, an amount of S$85,848 each in salaries of Ms. Wong Wan Chew and Ms. Wong Wan Pei were postponed and used for the Company’s working capital purposes without interest as agreed with the two directors. The Company also has an outstanding balance of S$10,000 and S$18,333 to Ms. Wong Wan Chew and Ms. Wong Wan Pei respectively for installment payments for PropertyGuru advertisement packages. [3] On March 10 and September 12, 2023, Ms. Wong Wan Pei paid on behalf of the Company using her credit card facility for PropertyGuru advertisement packages for the amounts of S$169,817 and S$110,000, respectively, while the Company repaid the monthly instalments. During the year, the accumulated credit card settlements amounted to S$291,392 and resulted an overpayment of S$11,575. On November 30, 2023, Ms. Wong Wan Pei made short-term advances to the Company S$200,000 for general working capital and general corporate purposes.

Schedule of related party transactions (Details)	6 Months Ended					12 Months Ended
	Jun. 30, 2024 USD ($)		Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)		Dec. 31, 2023 SGD ($)
Ms. Rhonda Wong [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 1,550		$ 2,100	$ 288	[1]
Mr. David Loh [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				11,000	[2]
Mr. David Loh One [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				511,040	[3]	$ 511,040
Ms. Rhonda Wong One [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	184		250
Ms. Race Wong [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 3,520	[4]	$ 4,770
[1] Ms. Rhonda Wong engaged the Company to handle curtain cleaning services in the six months ended June 30, 2023, and Ms. Rhonda Wong paid the service fee of S$288. In the six months ended June 30, 2024, Ms. Rhonda Wong paid the rental commission to the Company, being S$2,100 (US$1,550) for engaging the Company to look for a tenant. [2] Mr. David Loh engaged the Company to look for a tenant for a property and was completed during the six months ended June 30, 2023. Mr. David Loh paid a service fee of S$11,000 to the Company. [3] On February 25, 2022, the Company entered into a services agreement with subsequent various orders with Mr. Loh. During the year ended December 31, 2023, revenue recognized for the services agreement with Mr. David Loh for S$511,040. [4] Ms. Race Wong engaged the Company to provide house cleaning services and paid S$4,770 (US$3,520) for the service.

Schedule of related party transactions (Details) (Parenthetical)	6 Months Ended					12 Months Ended
	Jun. 30, 2024 USD ($)		Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)		Dec. 31, 2023 SGD ($)
Ms. Rhonda Wong [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 1,550		$ 2,100	$ 288	[1]
Mr. David Loh [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				11,000	[2]
Mr. David Loh One [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				511,040	[3]	$ 511,040
Ms. Rhonda Wong One [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	184		250
Ms. Race Wong [Member]
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 3,520	[4]	$ 4,770
[1] Ms. Rhonda Wong engaged the Company to handle curtain cleaning services in the six months ended June 30, 2023, and Ms. Rhonda Wong paid the service fee of S$288. In the six months ended June 30, 2024, Ms. Rhonda Wong paid the rental commission to the Company, being S$2,100 (US$1,550) for engaging the Company to look for a tenant. [2] Mr. David Loh engaged the Company to look for a tenant for a property and was completed during the six months ended June 30, 2023. Mr. David Loh paid a service fee of S$11,000 to the Company. [3] On February 25, 2022, the Company entered into a services agreement with subsequent various orders with Mr. Loh. During the year ended December 31, 2023, revenue recognized for the services agreement with Mr. David Loh for S$511,040. [4] Ms. Race Wong engaged the Company to provide house cleaning services and paid S$4,770 (US$3,520) for the service.

Schedule of income taxes (Details)	6 Months Ended			12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2023 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
Loss before income taxes provision	$ (1,681,954)	$ (2,279,385)	$ (2,496,886)	$ (5,516,224)	$ (3,074,041)
SINGAPORE
Loss before income taxes provision	(1,689,761)	(2,268,804)		(5,434,925)	(2,959,534)
MALAYSIA
Loss before income taxes provision	$ (7,807)	$ (10,581)		$ (81,299)	$ (114,507)

Schedule of provision for income taxes (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
Deferred tax assets net
SINGAPORE
Deferred tax assets gross	287,259	385,697	924,114	503,121
Valuation allowance	(287,259)	(385,697)	(924,114)	(503,121)
MALAYSIA
Deferred tax assets gross	1,327	1,799	13,644	19,466
Valuation allowance	$ (1,327)	$ (1,799)	$ (13,644)	$ (19,466)

Income taxes (Details Narrative) RM in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2024 MYR (RM)	Jun. 30, 2023 SGD ($)	Jun. 30, 2024 SGD ($)	Jun. 30, 2024 MYR (RM)	Dec. 31, 2023 SGD ($)
Income tax expense benefit | $		$ 10,000
Taxable income exempted from income tax | $		190,000
Additional paid in capital	$ 20,475,855				$ 27,748,879		$ 22,522,570
Gross income from business	$ 1,232,400	$ 1,670,149		$ 803,645
Next S$1,90,000 [Member]
Tax exempt percentage	50.00%	50.00%	50.00%
SINGAPORE
Corporate tax rate	17.00%	17.00%	17.00%
SINGAPORE | First S$10,000 [Member]
Tax exempt percentage	75.00%	75.00%	75.00%
MALAYSIA
Corporate tax rate	24.00%	24.00%	24.00%
Additional paid in capital | RM						RM 2.5
Gross income from business | RM			RM 50.0
MALAYSIA | First MYR 6,00,000 [Member]
Tax exempt percentage	17.00%	17.00%	17.00%
MALAYSIA | Over MYR 6,00,000 [Member]
Tax exempt percentage	24.00%	24.00%	24.00%

Equity (Details Narrative) - shares	Feb. 16, 2024	Oct. 06, 2023	Mar. 23, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Ordinary stock, shares outstanding				22,801,452	19,221,384	16,250,000
Issuance of new shares, shares		171,384	2,800,000
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Issuance of new shares, shares	3,555,555		2,800,000
Number of IPO shares issued	3,555,555
Shares issued for employee stock option	24,513

Schedule of commitment for minimum lease payments (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Commitments and Contingencies Disclosure [Abstract]
2025		$ 282,900
2026		11,119
Total future lease payment		294,019
Amount representing interest		(2,308)
Present value of operating lease liabilities		291,711
Less: current portion	$ (207,049)	(280,592)	$ (342,983)
Long-term portion	$ 8,205	$ 11,119	$ 112,708

Schedule of other supplemental information (Details)	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Weighted average discount rate	2.15%
Weighted average remaining lease term (years)	1 year

Commitment and Contingencies (Details Narrative) - SGD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Rent expenses	$ 0	$ 0	$ 0

Subsequent events (Details Narrative)	Sep. 09, 2024 shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Ordinary shares issued	217,565

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