CONCENTRATION OF RISKS

6 Months Ended

Jun. 30, 2023

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS

NOTE 9 - CONCENTRATION OF RISKS

a) Major customers

During the three months and six months ended June 30, 2023 and 2022, the Company did not have any material recognizable major customers accounted for 10% or more of the Company’s revenue.

b) Major suppliers

For three months ended June 30, 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	$	471,363	$	345,662	21.16%	15.56%	$	547,406	$	426,165
Vendor B	$	440,135	$	236,779	19.76%	10.66%	$	426,509	$	234,314
Vendor C	$	275,175	$	-	12.36%	-	$	-	$	-
Vendor D	$	254,165	$	253,960	11.41%	11.43%	$	195,856	$	251,316
Vendor E	$	244,265	$	424,781	10.97%	19.12%	$	256,315	$	214,213
	$	1,685,103	$	1,261,182	75.66%	56.78%	$	1,426,086	$	1,126,008

For six months ended June 30, 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	$	850,293	$	731,918	20.08%	14.96%	$	426,509	$	234,314
Vendor B	$	669,389	$	657,426	15.80%	13.43%	$	547,406	$	426,165
Vendor C	$	567,721	$	583,334	13.40%	11.92%	$	195,856	$	251,316
Vendor D	$	458,405	$	870,145	10.82%	17.78%	$	256,315	$	214,213
	$	2,545,808	$	2,842,823	60.11%	58.09%	$	1,426,086	$	1,126,008