CONCENTRATIONS (Tables)

12 Months Ended

Dec. 31, 2023

CONCENTRATIONS [Abstract]

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 years ended December 31, 2023 and 2022.

	Year ended December 31, 2023					Year ended December 31, 2022
Customer	Amount		% of Total			Amount		% of Total
A		3,501,965		16	%		-		-
B		2,473,388		11	%		36,999		*
C		169,766		*			1,304,969		15	%
Total	$	6,145,119		27	%	$	1,341,968		15	%

* 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 December 31, 2023 and 2022.

	As of December 31, 2023						As of December 31, 2022
Customer	Amount			% of Total			Amount			% of Total
A		$	2,724,397		32	%		$	-		-
D			1,237,751		15	%			1,197,023		47	%
E			-		-				410,321		16	%
F			-		-				395,360		16	%
Total		$	3,962,148		47	%		$	2,002,704		79	%

(b) Suppliers

For the years ended December 31, 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:

	Year ended December 31, 2023					Year ended December 31, 2022
Supplier	Amount		% of Total			Amount		% of Total
A	$	7,799,901		29	%	$	2,885,202		12	%
B		3,088,580		12	%		432,475		*
C		31,035		*			6,078,079		26	%
Total	$	10,919,516		41	%	$	9,395,756		38	%

* 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 December 31, 2023 and 2022.

	As of December 31, 2023				As of December 31, 2022
Supplier	Amount		% of Total		Amount		% of Total
D	$	567,412		*	$	577,621		17	%
C		402,425		*		420,100		12	%
Total	$	969,837		-	$	997,721		29	%

* Indicates below 10%.