XML 38 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedules of Concentration of Risk Percentage

During the years ended December 31, 2022 and 2021, three of the Company’s customers accounted for more than 10% of revenue:

 

 

   2022   2021 
Revenue:          
Customer A   39.7%   42.3%
Customer B   11.3%   12.5%
Customer C   -   11.3%

 

 

As at December 31, 2022 and 2021, the following customers accounted for more than 10% of the Company’s accounts receivable:

 

   2022   2021 
Accounts receivable:          
Customer A   22.4%   37.1%
Customer H   13.4%   - 
Customer E   -   28.3%

 

The top three suppliers that individually represented greater than 10% of total cost of revenue of the Company for the years ended December 31, 2022 and 2021 were as follows:

 

   2022   2021 
Cost of revenue:          
Supplier A   30.7%   34.0%
Supplier B   10.4%   22.0%
Supplier C   17.4%   15.8%

 

As at December 31, 2022 and 2021, the following suppliers accounted for more than 10% of the Company’s accounts payable:

 

   2022   2021 
Accounts payable:          
Supplier B   13.1%   33.2%
Supplier C   26.3%   42.1%
Supplier I   21.5%   - 
Supplier J   12.0%   - 
Schedule of Fixed Assets Category

 

Fixed Asset Category   Useful lives
Computer Software   3 years
Furniture, Fixtures and Equipment   5 years
Leasehold Improvements   Lesser of lease term or life of assets
Motor Vehicles   5 years