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CONCENTRATION OF RISK
 6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
CONCENTRATION OF RISK

11. CONCENTRATION OF RISK

 

Customer Concentration

 

For the three months ended June 30, 2024, the Company generated total revenue of $2,539, of which two customers accounted for more than 10% of the Company’s total revenue. For the three months ended June 30, 2023, the Company generated total revenue of $ 1,677, of which no customer accounted for more than 10% of the Company’s total revenue.

 

   For the three months ended June 30 
   2024   2023   2024   2023   2024   2023 
   Revenues   Percentage of revenues   Accounts receivable, trade 
Customer A  $

1,148

   $-    

45

%   -   $-  

$

- 
Customer B   

1,148

    -    45%   -    -    - 
Others   243    1,677    10%   100%   -    - 
Total  $2,539   $1,677    100%   100%  $-   $- 

 

For the six months ended June 30, 2024, the Company generated total revenue of $292,405, of which two customers accounted for more than 10% of the Company’s total revenue. For the six months ended June 30, 2023, the Company generated total revenue of $155,971, of which one customer accounted for more than 10% of the Company’s total revenue.

 

   For the six months ended June 30 
   2024   2023   2024   2023   2024   2023 
   Revenues   Percentage of revenues   Accounts receivable, trade 
Customer A  $-    $21,672    -   14%  $-   $- 
Customer B   

58,481

    -    20%   -    -    - 
Customer C   

38,013

    -    13%   -    -    - 
Others   195,911    134,299    67%   86%   -    - 
Total  $292,405   $155,971    100%   100%  $-   $- 

 

Vendor Concentration

 

For the three months ended June 30, 2024, the Company incurred cost of revenue of $220, of which no vendor accounted for more than 10% of the Company’s total vendor. For the three months ended June 30, 2023, the Company incurred cost of revenue of $147 solely accounted by a single vendor.

 

   For the three months ended June 30 
   2024   2023   2024   2023   2024   2023 
   Cost of revenue   Percentage of Cost of revenue   Accounts payable, trade 
Vendor A  $-   $147     -    100%  $-   $- 
Others   220    -    100%   -    -    - 
Total  $220   $147    100%   100%  $-   $- 

 

 

For the six months ended June 30, 2024, the Company incurred cost of revenue of $65,117, of which three vendors accounted for more than 10% of the Company’s total vendor. For the six months ended June 30, 2023, the Company incurred cost of revenue of $33,717 solely accounted by a single vendor.

 

   For the six months ended June 30 
   2024   2023   2024   2023   2024   2023 
   Revenues   Percentage of revenues   Accounts payable, trade 
Vendor A  $-   $33,570    -    100%  $-   $- 
Vendor B   7,603    -    12%   -    -    - 

Vendor C

   

10,940

    -    17%   -    -    - 
Vendor D   

21,173

    -    32%   -    -    - 
Others   25,401    147    39%   -    -    - 
Total  $65,117   $33,717    100%   100%  $-   $-