CONCENTRATION OF RISKS

6 Months Ended

Jun. 30, 2021

CONCENTRATION OF RISKS

NOTE 15 - CONCENTRATION OF RISKS

NOTE 15 - CONCENTRATION OF RISKS

a) Major customers

During the period, the Company did not have any material recognizable major customers accounted for 10% or more of the Company’s revenue for the quarterly financial period ended June 30, 2021 and 2020.

b) Major suppliers

In view of privacy, names of suppliers changed to Vendor A,B,C and D.  For three months ended June 30, 2021 and 2020, the vendors who accounted for 10% or more of the Company's revenues and its accounts payable balance at period-end are presented as follows:

	2021		2020		2021			2020			2021		2020
	Purchase				Percentage of purchases						Accounts payable trade
Vendor A	$	508,448	$	136,351		19.39	%		19.04	%	$	1,049,590	$	318,400
Vendor B	$	262,948	$	194,737		8.50	%		12.47	%	$	253,779	$	195,874
Vendor C	$	377,083	$	119,888		12.19	%		11.52	%	$	375,592	$	120,742
Vendor D	$	254,745	$	141,746		8.24	%		13.61	%	$	137,522	$	114,739
	$	1,403,224	$	592,722		48.33	%		56.64	%	$	1,816,483	$	749,755

For six months ended June 30, 2021 and 2020, the vendors who accounted for 10% or more of the Company's revenues and its accounts payable balance at period-end are presented as follows:

	2021		2020		2021			2020			2021		2020
	Purchase				Percentage of purchases						Accounts payable trade
Vendor A	$	1,284,361	$	2,684,016		23.39	%		19.04	%	$	1,049,590	$	318,400
Vendor B	$	657,768	$	1,758,246		11.98	%		12.47	%	$	253,779	$	195,874
Vendor C	$	642,501	$	1,624,179		11.70	%		11.52	%	$	375,592	$	120,742
Vendor D	$	633,395	$	1,919,375		11.53	%		13.61	%	$	137,522	$	114,739
	$	3,218,025	$	7,985,816		58.60	%		56.64	%	$	1,816,483	$	749,755