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CONCENTRATION OF RISK
3 Months Ended
Mar. 31, 2025
Risks and Uncertainties [Abstract]  
CONCENTRATION OF RISK

11. CONCENTRATION OF RISK

 

(a) Major Customers

 

For the three months ended March 31, 2025, the Company generated total revenue of $621,179, of which three customers accounted for more than 10% of the Company’s total revenue. For the three months ended March 31, 2024, the Company generated total revenue of $519,752, of which one customer accounted for more than 10% of the Company’s total revenue. The customers who accounted for more than 10% of the Company’s total revenue and its outstanding receivable balance at period-end is presented below:

  

   For the three months ended March 31 
   2025   2024   2025   2024   2025   2024 
   Revenue  

Percentage of

Revenue

  

Accounts

receivable, gross

 
                         
Customer A  $105,779   $-    17%   -%  $21,033   $- 
Customer B   74,481    -    12%   -%   33,640    - 
Customer C   66,024    -    11%   -%   54,990    - 
Customer D   -    61,307    -%   12%   -    33,061 
Others   374,895    458,445    60%   88%   914,333    704,583 
Total  $621,179   $519,752    100%   100%  $1,023,996   $737,644 

 

(b) Major Suppliers

 

For the three months ended March 31, 2025, the Company incurred cost of revenue of $628,092, of which no supplier accounted for more than 10% of the Company’s cost of revenue. For the three months ended March 31, 2024, the Company incurred cost of revenue of $497,824, of which no supplier accounted for more than 10% of the Company’s cost of revenue.