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Concentrations | 6 Months Ended
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Jun. 30, 2024
Concentrations [Abstract] |
CONCENTRATIONS | NOTE 18 – CONCENTRATIONS Major Customers Details of customers which accounted for 10% or more of the Company’s total revenues are as follows.
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |
Customer A |  | $ | 397,838 |  |  |  | 22 | % |  | $ | 808,726 |  |  |  | 27 | %
Customer B |  |  | 424,606 |  |  |  | 23 | % |  |  | 407,092 |  |  |  | 14 | %
Total |  | $ | 822,444 |  |  |  | 45 | % |  | $ | 1,215,818 |  |  |  | 41 | %
Details of customers which accounted for 10% or more of the Company’s accounts receivable are as follows.
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | (Unaudited) |  |  |  |
Customer A |  | $ | 3,588,243 |  |  |  | 60 | % |  | $ | 4,615,308 |  |  |  | 67 | %
Customer B |  |  | 1,837,383 |  |  |  | 31 | % |  |  | 1,901,481 |  |  |  | 28 | %
Total |  | $ | 5,425,626 |  |  |  | 91 | % |  | $ | 6,516,789 |  |  |  | 95 | %
Major Suppliers Details of suppliers which accounted for 10% or more of the Company’s purchases are as follows.
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |
Supplier A |  | $ | - |  |  |  | - |  |  | $ | 318,777 |  |  |  | 22 | %
Supplier B |  |  | 191,133 |  |  |  | 29 | % |  |  | - |  |  |  | - |
Supplier C |  |  | 75,810 |  |  |  | 11 | % |  |  | - |  |  |  | - |
Supplier D |  |  | - |  |  |  | - |  |  |  | 167,867 |  |  |  | 12 | %
Supplier E |  |  | 79,751 |  |  |  | 12 | % |  |  | - |  |  |  | - |
Total |  | $ | 346,694 |  |  |  | 52 | % |  | $ | 486,644 |  |  |  | 34 | %
Details of suppliers which accounted for 10% or more of the Company’s accounts payable are as follows.
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | (unaudited) |  |  |  |
Supplier B |  | $ | 58,134 |  |  |  | 10 | % |  | $ | - |  |  |  | - |
Supplier F |  |  | 57,808 |  |  |  | 10 | % |  |  | 59,195 |  |  |  | 11 | %
Supplier D |  |  | 250,609 |  |  |  | 42 | % |  |  | 256,623 |  |  |  | 47 | %
Supplier C |  |  | 84,955 |  |  |  | 14 | % |  |  | - |  |  |  | - |
Total |  | $ | 451,506 |  |  |  | 76 | % |  | $ | 315,818 |  |  |  | 58 | %

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- 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 + Details
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