SIGNIFICANT CONCENTRATION

6 Months Ended

Jun. 30, 2021

SIGNIFICANT CONCENTRATION

4. SIGNIFICANT CONCENTRATION

4 SIGNIFICANT CONCENTRATION

Financial instruments which potentially expose the Company to concentrations of credit risk consist of cash and accounts receivable as of June 30, 2021 and December 31, 2020. The Company performs ongoing evaluations of its cash position and credit evaluations to ensure collections and minimize losses.

The major part of the Company’s cash at June 30, 2021 and December 31, 2020 is maintained at financial institutions in the Malaysia which provide insurance on deposit for up to MYR 250,000 for each depositor in a bank. The Company has not experienced any losses in such accounts and believes it is not exposed to significant credit risk in this area.

Geographic Concentration

For the six months ended June 30, 2021 and 2020, the Company’s sales were mainly made to customers located in the Malaysia. In addition, total accounts receivables as of June 30, 2021 and December 31, 2020 also arose from customers located in the Malaysia.

Major parts of net assets of the Company are also located in the Malaysia.

Customer Concentration

The following table sets forth information as to the revenue derived from those customers that accounted for more than 10% of our revenue for the six months ended June 30, 2021:

	Amount		%
MNS Sdn. Bhd.	$	85,291		10	%

The following table sets forth information as to the accounts receivable derived from those customers that accounted for more than 10% of our accounts receivable as of June 30, 2021:

	Amount		%
MNS Sdn. Bhd.	$	24,682		66	%
Aura Secret Sdn. Bhd.	$	12,442		34	%