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CONCENTRATION OF RISKS
3 Months Ended
Mar. 31, 2025
CONCENTRATION OF RISKS  
CONCENTRATION OF RISKS

NOTE 11 - CONCENTRATION OF RISKS

 

a) Major customers

 

For three months ended March 31, 2025, and 2024, respectively, 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, 2025, and 2024, respectively, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at period ended are presented as follows:

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

Purchase

 

 

Percentage of purchases

 

 

Accounts payable trade

 

Vendor A

 

$443,893

 

 

$392,225

 

 

 

24.75%

 

 

19.45%

 

$507,156

 

 

$438,579

 

Vendor B

 

$324,121

 

 

$315,041

 

 

 

18.07%

 

 

15.62%

 

$208,379

 

 

$215,517

 

Vendor C

 

$-

 

 

$346,329

 

 

 

-

 

 

 

17.17%

 

$-

 

 

$318,622

 

 

 

$768,014

 

 

$1,053,595

 

 

 

42.82%

 

 

52.24%

 

$715,535

 

 

$972,718