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CONCENTRATIONS (Tables) | 6 Months Ended
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Jun. 30, 2023
CONCENTRATIONS [Abstract] |
Customer and Purchase Concentration Risks |
(a) | Customers
The following table sets forth information as to each customer that accounted for 10% or more of net revenue for the six months ended June 30, 2023 and 2022.
| Six months ended |  | Six months ended |
| June 30, 2023, |  | June 30, 2022, |
Customer |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
A |  | $ | 1,414,701 |  |  |  | 18 | % |  | $ | 728,109 |  |  |  | 14 | %
B |  |  | 285,603 |  |  |  | * |  |  |  | 684,643 |  |  |  | 14 | %
C |  |  | 16,868 |  |  |  | * |  |  |  | 807,952 |  |  |  | 16 | %
D |  |  | - |  |  |  | - |  |  |  | 539,786 |  |  |  | 11 | %
Total |  | $ | 1,717,172 |  |  |  | 18 | % |  | $ | 1,450,937 |  |  |  | 55 | %
* | Indicates below 10%.
The following table sets forth information as to each customer that accounted for 10% or more of total gross accounts receivable as of June 30, 2023 and December 31, 2022.
|  | As of June 30, 2023, |  |  | As of December 31, 2022, |
Customer |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
C |  | $ | 577,839 |  |  |  | 13 | % |  | $ | - |  |  |  | - |
D |  |  | 376,054 |  |  |  | * |  |  |  | 395,360 |  |  |  | 16 | %
E |  |  | 612,525 |  |  |  | 13 | % |  |  | 12,338 |  |  |  | * |
F |  |  | 445,598 |  |  |  | 10 | % |  |  | 410,321 |  |  |  | 16 | %
G |  |  | 1,221,862 |  |  |  | 26 | % |  |  | 1,197,023 |  |  |  | 47 | %
Total |  | $ | 3,233,878 |  |  |  | 62 | % |  | $ | 2,015,042 |  |  |  | 79 | %
* | Indicates below 10%.
(b) | Suppliers
For the six months ended June 30, 2023 and 2022, the Company’s material suppliers, each of whom accounted for more than 10% of the Company’s total purchases, were as follows:
|  | Six months ended June 30, 2023, |  |  | Six months ended June 30, 2022, |
Supplier |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
A |  | $ | 4,645,216 |  |  |  | 33 | % |  | $ | - |  |  |  | - |
B |  |  | 2,644,958 |  |  |  | 19 | % |  |  | - |  |  |  | - |
C |  |  | 1,734,260 |  |  |  | 12 | % |  |  | 308,918 |  |  |  | * |
D |  |  | 27,436 |  |  |  | * |  |  |  | 4,030,226 |  |  |  | 45 | %
Total |  | $ | 9,051,870 |  |  |  | 64 | % |  | $ | 4,030,226 |  |  |  | 45 | %
* | Indicates below 10%.
The following table sets forth information as to each supplier that accounted for 10% or more of total accounts payable as of June 30, 2023 and December 31, 2022.
|  | As of June 30, 2023, |  |  | As of December 31, 2022, |
Supplier |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
E |  | $ | 695,586 |  |  |  | 21 | % |  | $ | 577,621 |  |  |  | 17 | %
D |  |  | 417,448 |  |  |  | 12 | % |  |  | 420,100 |  |  |  | 12 | %
Total |  | $ | 1,113,034 |  |  |  | 33 | % |  | $ | 997,721 |  |  |  | 29 | %

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