CONCENTRATION OF RISKS

9 Months Ended

Sep. 30, 2023

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS

NOTE 9 - CONCENTRATION OF RISKS

a) Major customers

During the three months and nine months ended September 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 September 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	$	407,094	$	268,101		18.51	%		11.78	%	$	467,447	$	256,536
Vendor B	$	353,697	$	233,770		16.08	%		10.27	%	$	279,092	$	227,124
Vendor C	$	320,413	$	282,848		14.57	%		12.43	%	$	316,067	$	272,734
	$	1,081,204	$	784,719		49.16	%		34.48	%	$	1,062,606	$	756,394

For nine months ended September 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	$	1,167,862	$	1,012,770		18.15	%		14.13	%	$	316,067	$	272,734
Vendor B	$	1,077,986	$	924,246		16.75	%		12.89	%	$	467,447	$	256,536
Vendor C	$	922,895	$	815,818		14.34	%		11.38	%	$	279,092	$	227,124
	$	3,168,743	$	2,752,834		49.24	%		38.40	%	$	1,062,606	$	756,394