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Concentrations

12 Months Ended

Dec. 31, 2023

Concentrations [Abstract]

CONCENTRATIONS

NOTE 18 – CONCENTRATIONS 

Major Customers

Details of the Company’s major customers (including those accounting for 10% or more of the Company’s total revenues) are as follows.

		Years Ended December 31,
		2023								2022								2021
Customer A		$	801,344				18	%		$	2,291,651				36	%		$	1,784,738				28	%
Customer B			398,488				9	%			834,911				13	%			896,220				14	%
Total		$	1,199,832				27	%		$	3,126,562				49	%		$	2,680,958				42	%

Details of the Company’s major customers (including those accounting for 10% or more of the Company’s accounts receivable are as follows.

		December 31,
		2023								2022								2021
Customer A		$	4,615,308				67	%		$	5,274,060				67	%		$	4,256,804				66	%
Customer B			1,901,481				28	%			1,864,208				24	%			1,027,238				16	%
Customer C			-				-	%			399,465				5	%			963,034				15	%
Total		$	6,516,789				95	%		$	7,537,733				96	%		$	6,247,076				97	%

Major Suppliers

Details of the Company’s major suppliers (including those accounting for 10% or more of the Company’s total purchases) are as follows.

		Years Ended December 31,
		2023								2022								2021
Supplier A		$	13,532				1	%		$	62,647				2	%		$	295,283				11	%
Supplier B			312,039				12	%			20,586				1	%			109,764				4	%
Supplier C			-				-	%			472,988				16	%			215,526				8	%
Supplier D			-				-	%			430,744				15	%			267,933				10	%
Supplier E			105,852				4	%			366,115				13	%			138,849				5	%
Supplier F			94,348				4	%			326,836				11	%			-				-	%
Total		$	525,771				21	%		$	1,679,916				58	%		$	1,027,355				38	%

Details of the Company’s major suppliers (including those accounting for 10% or more of the Company’s accounts payable) are as follows.

		December 31,
		2023								2022								2021
Supplier C		$	256,623				47	%		$	52,539				8	%		$	-				-	%
Supplier E			18,562				3	%			155,990				22	%			39,077				8	%
Supplier G			14,649				3	%			131,661				19	%			6,061				1	%
Supplier H			-				-	%			79,605				11	%			86,494				17	%
Supplier I			-				-	%			8,887				1	%			84,671				16	%
Supplier J			59,195				11	%			60,806				9	%			66,068				13	%
Total		$	349,029				64	%		$	489,488				70	%		$	282,371				55	%

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//275/tableOfContent

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X

- References

No definition available.

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