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Concentration on Revenues and Cost of Goods Sold
 12 Months Ended
Dec. 31, 2022
Concentration on Revenues and Cost of Goods Sold [Abstract]  
CONCENTRATION ON REVENUES AND COST OF GOODS SOLD

NOTE 4 – CONCENTRATION ON REVENUES AND COST OF GOODS SOLD

 

Concentration of major customers and suppliers:

 

   For the years ended December 31, 
   2022   2021 
Major customers representing more than 10% of the Company’s revenues                
Company A  $15,570,726    17.14%  $18,252,003    18.47%
Company B   12,846,382    14.14%   14,766,702    14.94%
Total Revenues  $28,417,108    31.28%  $33,018,705    33.41%

 

   As of 
   December 31, 2022   December 31, 2021 
Major customers of the Company’s accounts receivable, net                
Company A   2,266,095    15.81%   2,157,638    13.56%
Company B   2,140,591    14.93%   2,148,131    13.50%
Company C   1,430,298    9.98%   1,957,936    12.30%
Total  $5,836,984    40.72%  $6,263,705    39.36%

  

Accounts receivable from the Company’s major customers accounted for 40.72% and 39.36% of total accounts receivable balances as of December 31, 2022 and December 31, 2021, respectively.

 

There was no supplier representing more than 10% of the Company’s total purchases for the years ended December 31, 2022 and 2021, respectively.