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CONCENTRATIONS | 6 Months Ended
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Jun. 30, 2023
CONCENTRATIONS [Abstract] |
CONCENTRATIONS | NOTE 14- CONCENTRATIONS
(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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- 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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