CONCENTRATION OF RISKS

12 Months Ended

Dec. 31, 2023

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS

NOTE 9 – CONCENTRATION OF RISKS

a) Major customers

There are no major customers who accounted for 10% or more of the Company’s revenue for the financial year ended December 31, 2023 and December 2022.

b) Major suppliers

For year ended December 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	$	1,467,381	$	1,425,867		17.38	%		14.75	%	$	252,435	$	389,697
Vendor B	$	1,439,569	$	1,424,476		17.05	%		14.73	%	$	354,170	$	509,031
Vendor C	$	1,224,113	$	1,171,511		14.50	%		12.12	%	$	208,186	$	366,764
	$	4,131,063	$	4,021,854		48.93	%		41.60	%	$	814,791	$	1,265,492