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CONCENTRATION OF RISKS | 6 Months Ended
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Jun. 30, 2025
CONCENTRATION OF RISKS |
CONCENTRATION OF RISKS | NOTE 11 - CONCENTRATION OF RISKS a) Major customers For three months ended June 30, 2025, and 2024, respectively, the customers who accounted for 10% or more of the Company's revenues and its accounts received balance at period-end are presented as follows:
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Revenues |  |  | Percentage of revenues |  |  | Accounts receivable trade |
Customer A |  | $ | 250,240 |  |  | $ | - |  |  |  | 11.00 | % |  |  | - |  |  | $ | 317,314 |  |  | $ | - |
|  | $ | 250,240 |  |  | $ | - |  |  |  | 11.00 | % |  |  | - |  |  | $ | 317,314 |  |  | $ | - |
b) Major suppliers For three months ended June 30, 2025, and 2024, respectively, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at period ended are presented as follows:
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Purchase |  |  | Percentage of purchases |  |  | Accounts payable trade |
Vendor A |  | $ | 640,043 |  |  | $ | 279,263 |  |  |  | 33.82 | % |  |  | 16.57 | % |  | $ | 647,890 |  |  | $ | 304,561 |
Vendor B |  | $ | 235,304 |  |  | $ | 177,985 |  |  |  | 12.44 | % |  |  | 10.56 | % |  | $ | 171,291 |  |  | $ | 112,482 |
Vendor C |  | $ | - |  |  | $ | 274,081 |  |  |  | - |  |  |  | 16.26 | % |  | $ | - |  |  | $ | 274,842 |
Vendor D |  | $ | - |  |  | $ | 181,885 |  |  |  | - |  |  |  | 10.79 | % |  | $ | - |  |  | $ | 117,148 |
|  | $ | 875,347 |  |  | $ | 913,214 |  |  |  | 46.26 | % |  |  | 54.18 | % |  | $ | 819,181 |  |  | $ | 809,033 |
a) Major customers For six months ended June 30, 2025, and 2024, respectively, the Company did not have any material recognizable major customers accounted for 10% or more of the Company’s revenue b) Major suppliers For six months ended June 30, 2025, and 2024, respectively, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at period ended are presented as follows:
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Purchase |  |  | Percentage of purchases |  |  | Accounts payable trade |
Vendor A |  | $ | 1,081,275 |  |  | $ | 671,441 |  |  |  | 29.34 | % |  |  | 18.13 | % |  | $ | 647,890 |  |  | $ | 304,561 |
Vendor B |  | $ | 561,103 |  |  | $ | 492,944 |  |  |  | 15.22 | % |  |  | 13.31 | % |  | $ | 171,291 |  |  | $ | 112,482 |
Vendor C |  | $ | - |  |  | $ | 620,397 |  |  |  | - |  |  |  | 16.76 | % |  | $ | - |  |  | $ | 274,842 |
|  | $ | 1,642,378 |  |  | $ | 1,784,782 |  |  |  | 44.56 | % |  |  | 48.20 | % |  | $ | 819,181 |  |  | $ | 691,885 |

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