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Disaggregated revenue and Concentration
12 Months Ended
Dec. 31, 2024
Disaggregated revenue and Concentration  
Disaggregated revenue and Concentration

Note 15 – Disaggregated revenue and Concentration

 

During years ended December 31, 2024 and 2023, disaggregated revenue was as follows:

 

 

 

 Years Ended

 

 

 

 December 31,

 

 

 

 2024

 

 

 2023

 

Products sale

 

$626,389

 

 

$452,285

 

Product installation service

 

 

181,983

 

 

 

68,360

 

 

 

$808,372

 

 

$520,645

 

 

During years ended December 31, 2024 and 2023, customer and supplier concentrations (more than 10%) were as follows:

 

Revenue and accounts receivable

 

 

 

Percentage of Revenue

 

 

Percentage of

 

 

 

For Year Ended

 

 

Accounts Receivable

 

 

 

December 31

 

 

December 31

 

 

December 31

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Customer A

 

 

30.20%

 

 

-

 

 

 

-

 

 

 

-

 

Customer B

 

 

13.68%

 

 

-

 

 

 

21.08%

 

 

-

 

Customer C

 

 

10.30%

 

 

-

 

 

 

-

 

 

 

-

 

Customer D

 

 

19.55%

 

 

32.65%

 

 

49.77%

 

 

39.77%

Customer E

 

 

-

 

 

 

44.19%

 

 

-

 

 

 

53.82%

Customer F

 

 

5.79

%

 

 

-

 

 

 

15.44%

 

 

-

 

Total (as a group)

 

 

79.52%

 

 

76.84%

 

 

86.29%

 

 

93.59%

 

Purchase and accounts payable

 

 

 

Percentage of Purchase

 

 

Percentage of

 

 

 

For Year Ended

 

 

Accounts payable for purchase

 

 

 

December 31

 

 

December 31

 

 

December 31

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Supplier A

 

 

33.09%

 

 

77.01%

 

 

-

 

 

 

-

 

Supplier B

 

 

12.25%

 

 

-

 

 

 

74.46%

 

 

-

 

Supplier C

 

 

23.80%

 

 

-

 

 

 

-

 

 

 

-

 

Supplier D

 

 

8.25%

 

 

4.41%

 

 

25.54%

 

 

-

 

Total (as a group)

 

 

77.39%

 

 

81.42%

 

 

100.00%

 

 

-

 

 

To reduce risk, the Company closely monitors the amounts due from its customers and assesses the financial strength of its customers through a variety of methods that include, but are not limited to, engaging directly with customer operations and leadership personnel, visiting customer locations to observe operating activities, and assessing customer longevity and reputation in the marketplace. As a result, the Company believes that its accounts receivable credit risk exposure is limited.