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CONCENTRATIONS (Tables)

6 Months Ended

Jun. 30, 2023

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	%