CONCENTRATIONS OF RISKS	9 Months Ended
Sep. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISKS	NOTE 12 CONCENTRATIONS OF RISKS Major Customers and Accounts Receivable The Company had certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable, as follows: No customers accounted for more than 10% of revenues during the nine-month period ended September 30, 2022 and one customer accounted for 83% of revenues during the nine-month period ended September 30, 2021. At September 30, 2022 and December 31, 2021, one customer accounted for 100% of the Company’s accounts receivable. Although the Company is directly affected by the financial condition of its customers, management does not believe significant credit risks existed at September 30, 2022. Generally, the Company does not require collateral or other securities to support its accounts receivable. Major Vendors The Company had two major vendors that accounted for 100% of cost of sales for the nine months ended September 30, 2022 and 2021. The Company expects to maintain its relationship with the vendors. Liquidity The Company’s cash and cash equivalents are held primarily with two financial institutions. The Company has deposits which exceed the amount insured by the FDIC. The uninsured deposits amounted to $13,319,710 at September 30, 2022. To reduce the risk associated with the failure of such counterparties, the Company periodically evaluates the credit quality of the financial institutions in which it holds deposits. Product Risks The Company generates its income primarily from its proprietary-based technology and related products.

CONCENTRATIONS OF RISKS

9 Months Ended

Sep. 30, 2022

NOTE 12 CONCENTRATIONS OF RISKS

Major Customers and Accounts Receivable

The Company had certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable, as follows:

No customers accounted for more than 10% of revenues during the nine-month period ended September 30, 2022 and one customer accounted for 83% of revenues during the nine-month period ended September 30, 2021.

At September 30, 2022 and December 31, 2021, one customer accounted for 100% of the Company’s accounts receivable. Although the Company is directly affected by the financial condition of its customers, management does not believe significant credit risks existed at September 30, 2022. Generally, the Company does not require collateral or other securities to support its accounts receivable.

Major Vendors

The Company had two major vendors that accounted for 100% of cost of sales for the nine months ended September 30, 2022 and 2021. The Company expects to maintain its relationship with the vendors.

Liquidity

The Company’s cash and cash equivalents are held primarily with two financial institutions. The Company has deposits which exceed the amount insured by the FDIC. The uninsured deposits amounted to $13,319,710 at September 30, 2022. To reduce the risk associated with the failure of such counterparties, the Company periodically evaluates the credit quality of the financial institutions in which it holds deposits.

Product Risks

The Company generates its income primarily from its proprietary-based technology and related products.