CONCENTRATIONS OF RISK

6 Months Ended

Jun. 30, 2021

Risks and Uncertainties [Abstract]

CONCENTRATIONS OF RISK

NOTE 13 - CONCENTRATIONS OF RISK

(a) Major customers

For the three months ended June 30, 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 June 30, 2021					As of June 30, 2021
	Revenues		Percentage of revenues			Accounts receivable
Customer J	$	79,579		18	%	$	-
Total:	$	79,579		18	%	$	-

For the six months ended June 30, 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 six months ended June 30, 2021					As of June 30, 2021
	Revenues		Percentage of revenues			Accounts receivable
Customer J	$	126,974		15	%	$	-
Total:	$	126,974		15	%	$	-

EZAGOO LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2021

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

(b) Major vendors

For the three months ended June 30, 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 June 30, 2021					As of June 30, 2021
	Purchases		Percentage of Purchases			Accounts payable
Vendor H – related party M	$	123,056		89	%	$	285,459
Total:	$	123,056		89	%	$	285,459

For the six months ended June 30, 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 six months ended June 30, 2021					As of June 30, 2021
	Purchases		Percentage of Purchases			Accounts payable
Vendor H – related party M	$	284,862		90	%	$	285,459
Total:	$	284,862		90	%	$	285,459

(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.