Concentrations of Risk

3 Months Ended

Mar. 31, 2021

Risks and Uncertainties [Abstract]

Concentrations of Risk

NOTE 13 - CONCENTRATIONS OF RISK

(a) Major customers

For the three months ended March 31, 2021, there are the customers that is more than 10% showing below of the Company’s revenues and the accounts receivable balances at period-end are presented as follows:

	For the three months ended March 31, 2021					As of March 31, 2021
	Revenues		Percentage of revenues			Accounts receivable
Customer J	$	47,312		10	%	$	-
Total:	$	47,312		10	%	$	-

(b) Major vendors

For the three months ended March 31, 2021, the vendors who accounted for more than 10% of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows:

	For the three months ended March 31, 2021					As of March 31, 2021
	Purchases		Percentage of Purchases			Accounts payable
Vendor H	$	161,806		90	%	$	160,096
Total:	$	161,806		90	%	$	160,096

(c) Credit risk

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.