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Disaggregated revenue and Concentration
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Disaggregated revenue and Concentration    
Disaggregated revenue and Concentration

Note 12 – Disaggregated revenue and Concentration

 

During the three and nine months ended September 30, 2025 and 2024, disaggregated revenue was as follows:

 

 

 

Three Months Ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Products sale

 

$91,598

 

 

$68,542

 

 

$1,142,865

 

 

$672,829

 

Product installation service

 

 

196,614

 

 

 

38,500

 

 

 

802,367

 

 

 

65,900

 

 

 

$288,212

 

 

$107,042

 

 

$1,945,232

 

 

$738,729

 

 

During the three and nine months ended September 30, 2025 and 2024, customer and supplier concentration (more than 10%) were as follows:

 

Revenue and accounts receivable

 

Recurring customers do not represent a material percentage of our revenue and accounts receivable for the three and nine months ended September 30, 2025 and 2024.

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Number of customers (more than 10%  revenue)

 

 

6

 

 

 

4

 

 

 

1

 

 

 

3

 

Total revenue of top 5 customers

 

 

79.6%

 

 

82.1%

 

 

37.9%

 

 

95.5%

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Number of customers (more than 10% of accounts receivable)

 

 

2

 

 

 

3

 

Total % of accounts receivable balance (more than 10%)

 

 

67.0%

 

 

86.3%

 

Purchases and accounts payable

 

 

 

Percentage of Purchases

 

 

Percentage of Purchases

 

 

Percentage of

 

 

 

For three months ended

 

 

For nine months ended

 

 

Accounts payable for purchase

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

December 31

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Supplier A

 

 

-

 

 

 

62.8%

 

 

32.5%

 

 

33.8%

 

 

-

 

 

 

-

 

Supplier B

 

 

3.7%

 

 

9.6%

 

 

4.9%

 

 

8.4%

 

 

4.9%

 

 

74.5%

Supplier C

 

 

-

 

 

 

0.8%

 

 

-

 

 

 

27.8%

 

 

-

 

 

 

-

 

Supplier D

 

 

41.9%

 

 

2.0%

 

 

7.0%

 

 

8.3%

 

 

59.1%

 

 

-

 

Supplier E

 

 

-

 

 

 

-

 

 

 

13.6%

 

 

-

 

 

 

-

 

 

 

-

 

Supplier F

 

 

-

 

 

 

18.5%

 

 

3.2%

 

 

10.0%

 

 

-

 

 

 

100.0%

Supplier G

 

 

13.2%

 

 

-

 

 

 

19.1%

 

 

-

 

 

 

-

 

 

 

-

 

Supplier H

 

 

17.9%

 

 

-

 

 

 

3.3%

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (as a group)

 

 

76.7%

 

 

93.7%

 

 

83.5%

 

 

88.4%

 

 

64.0%

 

 

174.5%

 

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.

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.