REVENUE

6 Months Ended

Jun. 30, 2025

REVENUE

REVENUE

NOTE 9 – REVENUE

The following table shows disaggregated net revenue from contracts with customers by product or service line and geographic area for the quarter and six month period ended June 30, 2025 and 2024:

	Three months ended				Six months ended
	June 30,		June 30,		June 30,		June 30,
	2025		2024		2025		2024
Revenue by product or service line:
Trading of industrial chemicals		2,256,787		1,969,068		4,390,794		4,347,754
Screening services and related sales		3,466		5,496		6,534		8,661
Net revenue	$	2,260,253	$	1,974,564	$	4,397,328	$	4,356,415
Revenue by geographic area
Bangladesh		28,852		88,656		28,852		235,943
Malaysia		1,830,563		1,625,588		3,578,091		3,432,698
Maldives		139,576		99,481		320,649		326,830
Nigeria		-		26,123		-		26,123
Singapore		97,623		30,726		131,846		100,959
Sri Lanka		109,371		70,320		255,470		186,484
Myanmar		-		19,465		-		19,465
Batam		54,268		14,205		82,420		27,913
Net revenue	$	2,260,253	$	1,974,564	$	4,397,328	$	4,356,415
Timing of recognition:
At a point in time	$	2,260,253	$	1,974,564	$	4,397,328	$	4,356,415

Revenue is derived from the sale of industrial chemicals and the provision of genomic screening services. Revenue from the sale of goods is recognized at a point in time when control of the goods is transferred to the customer. Credit terms are generally from 30 to 90 days. The Company allows returns only for exchanges with new goods. No warranties are given on the sale of goods.

Revenue from services is recognized at a point in time when the final report is delivered to the customer. Credit terms for these services are generally from 30 days to 60 days. No warranties are given on the services rendered.

In applying ASC 606, the Company does not exercise significant judgment in determining whether revenue from the sale of goods and services should be recognized at a point in time. The criteria for recognizing revenue at a point in time, such as the transfer of control of goods or completion of services, are clear and are based on established contract terms. Therefore, no significant judgment is required in determining the timing of revenue recognition.