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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2024
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 10 – RELATED PARTY TRANSACTIONS

 

The following table provides details of the total revenue earned and expenses incurred from all related party transactions:

 

 

 

For the year ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Entities in which certain directors of a subsidiary have substantial financial interests

 

 

 

 

 

 

Sales of goods

 

$112,556

 

 

$106,919

 

Purchases

 

$(297,736)

 

$(184,433)

Rental of factory

 

$(1,969)

 

$-

 

 

The balances related to the above transactions with related parties are as disclosed in the Consolidated Balance Sheets which are interest-free, unsecured and subject to normal credit terms.