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Concentration of Revenues and Cost of Revenue
 12 Months Ended
Dec. 31, 2025
Concentration of Revenues and Cost of Revenue [Abstract]  
CONCENTRATION OF REVENUES AND COST OF REVENUE

NOTE 3 — CONCENTRATION OF REVENUES AND COST OF REVENUE

 

Concentration of major customers and suppliers:

 

   For the years ended December 31, 
   2023   2024   2025 
Major customers representing more than 10% of the Company’s revenues                    
Customer A  $105,392,369    75.27%  $34,217,896    39.26%   30,100,075    56.63%
Total Revenues  $105,392,369    75.27%  $34,217,896    39.26%   30,100,075    56.63%

 

Revenue from the Company’s major customers accounted for 75.27%, 39.26% and 56.63% of total revenues for the years ended December 31, 2023, 2024 and 2025, respectively.

   As of December 31, 
   2023   2024   2025 
Major customers of the Company’s accounts receivable Company A  $10,924,906    54.22%  $5,865,781    45.42%  $3,571,102    34.56%
Total  $10,924,906    54.22%  $5,865,781    45.42%  $3,571,102    34.56%

 

Accounts receivable from the Company’s major customers accounted for 54.22%, 45.42% and 34.56% of total accounts receivable balances as of December 31, 2023, 2024 and 2025, respectively.

 

   For the years ended December 31, 
   2023   2024   2025 
Major suppliers of the Company’s cost of revenue                        
Supplier A  $17,607,050    13.83%  $9,201,146    11.00%   5,656,777    10.85%
Supplier B   16,554,141    13.01%   4,428,406    5.29%   2,573,475    4.94%
Supplier C   5,986,829    4.70%   7,088,940    8.48%   2,930,554    5.62%
Supplier D   8,695,475    6.83%   12,574,008    15.03%   9,954,370    19.10%
Total Cost of Revenue  $48,843,495    38.37%  $33,292,500    39.80%   21,115,176    40.51%

 

Cost of revenue from the Company’s major suppliers accounted for 38.37%, 39.80% and 40.51% of total cost of revenue for the years ended December 31, 2023, 2024 and 2025, respectively.

 

   As of December 31, 
   2023   2024   2025 
Major suppliers of the Company’s accounts payable                        
Supplier A  $2,509,747    13.46%  $2,084,994    18.09%   1,085,894    10.52%
Supplier B   1,017,198    5.46%   335,049    2.91%   311,301    3.02%
Supplier C   827,832    4.44%   861,039    7.47%   541,009    5.24%
Supplier D   1,161,664    6.23%   1,156,233    10.03%   824,737    7.99%
Total   5,516,441    29.59%  $4,437,315    38.50%   2,762,941    26.77%

 

Accounts payable from the Company’s major suppliers accounted for 29.59%, 38.50% and 26.77% of total accounts payable balances as of December 31, 2023, 2024 and 2025, respectively.