CONCENTRATION OF CREDIT RISK (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Risks and Uncertainties [Abstract]

SCHEDULE OF CONCENTRATION OF CREDIT RISK

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total revenue.

	For the six months ended June 30,
	2023			2024
	(Unaudited)
Percentage of the Company’s total revenue
Customer A		56.8	%		*
Customer B		13.5	%		12.8	%
Customer C		12.1	%		20.2	%
Customer D		*			14.9	%
Customer K		*			13.3	%

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable:

	As of
	December 31, 2023			June 30, 2024
				(Unaudited)
Percentage of the Company’s accounts receivable
Customer E		15.9	%		12.4	%
Customer F		15.1	%		15.7	%
Customer H		*			12.6	%
Customer K		*			16.9	%

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchases:

	For the six months ended June 30,
	2023			2024
				(Unaudited)
Percentage of the Company’s total purchase
Supplier F		32.6	%		*
Supplier G		*			11.0	%
Supplier H		*			10.7	%

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total revenue.

	For the years ended December 31,
	2022			2023
Percentage of the Company’s total revenue
Customer A		19.5	%		52.1	%
Customer B		*			13.2	%
Customer C		23.3	%		11.4	%
Customer D		13.9	%		*

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable:

	As of December 31,
	2022			2023
Percentage of the Company’s accounts receivable
Customer A		20.2	%		45.1	%
Customer E		*			15.9	%
Customer F		14.5	%		15.1	%
Customer D		23.4	%		*
Customer G		10.5	%		*

The following table sets forth a summary of single customer who represent 10% or more of the Company’s total advance from customers:

	As of December 31,
	2022			2023
Percentage of the Company’s advance from customers
Customer H		76.9	%		77.6	%
Customer I		*			11.3	%
Customer J		11.4	%		*

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchases:

	For the years ended December 31,
	2022		2023
Percentage of the Company’s total purchase
Supplier A		*		24.0	%
Supplier B		*		11.3	%

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total accounts payable:

	As of December 31,
	2022			2023
Percentage of the Company’s accounts payable
Supplier B		*			11.6	%
Supplier A		15.3	%		*
Supplier C		11.8	%		*

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

19. CONCENTRATION OF CREDIT RISK - Continued

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total advance to supplier:

	As of December 31,
	2022			2023
Percentage of the Company’s advance to supplier
Supplier D		13.2	%		*
Supplier C		14.5	%		*
Supplier E		48.1	%		*

* Represent percentage less than 10%