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CONCENTRATION OF RISKS
3 Months Ended
Mar. 31, 2024
CONCENTRATION OF RISKS  
CONCENTRATION OF RISKS

NOTE 9 - CONCENTRATION OF RISKS

 

a) Major customers

 

During the three months and three months ended March 31, 2024 and 2023, 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 March 31, 2024 and 2023, 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:

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

Purchase

 

 

Percentage of purchases

 

 

Accounts payable trade

 

Vendor A

 

$392,225

 

 

$194,453

 

 

 

19.45%

 

 

9.68%

 

$438,579

 

 

$252,727

 

Vendor B

 

$346,329

 

 

$410,208

 

 

 

17.17%

 

 

20.43%

 

$318,622

 

 

$408,334

 

Vendor C

 

$315,041

 

 

$314,739

 

 

 

15.62%

 

 

15.67%

 

$215,517

 

 

$313,300

 

 

 

$1,053,595

 

 

$919,400

 

 

 

52.24%

 

 

45.78%

 

$972,718

 

 

$974,361