CONCENTRATION OF RISKS

3 Months Ended

Mar. 31, 2023

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS

NOTE 9 - 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 financial period ended March 31, 2023 and 2022.

b) Major suppliers

For month ended March 31, 2023 and 2022, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at year ended are presented as follows: 

	2023		2022		2023			2022			2023		2022
	Purchase				Percentage of purchases							Accounts payable trade
Vendor A	$	410,208	$	504,906		20.43	%		18.89	%	$	408,334	$	502,559
Vendor B	$	314,739	$	333,751		15.67	%		12.49	%	$	313,300	$	332,200
Vendor C	$	213,965	$	449,494		10.65	%		16.82	%	$	199,312	$	178,749
	$	938,912	$	1,288,151		46.75	%		48.20	%	$	920,946	$	1,013,508