Revenues

12 Months Ended

Dec. 31, 2023

Revenues [Abstract]

REVENUES

11. REVENUES

The Company’s revenues classified into two sources, including 1) sales of intelligent terminal, such as medicine vending machine, that the Company self-manufactured and assembled in its plant, and 2) services rendered, such as installment and maintenance terminal system, designing and development of intelligent system to its customers. Goods and services that the Company transferred deriving its revenues are all based on the Company’s intelligent technology.

The Company derived its revenues from both third-party customers and related party customer. Guangzhou JIE, the legal parent of Yongzhou JIT in the PRC and both under the common control of Linhai Zhu, the CEO of the Company, generally purchases certain machine from Yongzhou JIT and resales to its customers, and also had Yongzhou JIT to provided instalment and maintenance service for its customers from time to time and pays case by case under a negotiated range of charge rate to Yongzhou JIT. ending customers of the Company’s goods and services mainly includes medicine service organization, business entities and local government.

All customers are within the PRC and all revenues derived within the PRC for the year ended December 31, 2023 and 2022.

The following table set forth quantitative information related to revenue for the year ended December 31, 2023 and 2022:

	For the Years ended December 31,
	2023		2022
Revenues:
Goods sold directly to third parties	$	336,612	$	133,602
Goods sold to related parties		773,499		1,335,401
Total revenue from goods sold		1,110,111		1,469,003
Service rendered directly to third parties		1,392,558		250,127
Service rendered to related parties		959,264		-
Total revenue from service rendered		2,351,822		250,127
Total revenues	$	3,461,933	$	1,719,130
Cost of revenues:
Goods sold directly to third parties	$	326,969	$	132,266
Goods sold to related parties		551,688		1,328,724
Total cost of revenue from goods sold		878,657		1,460,990
Service rendered directly to third parties		1,341,041		231,929
Service rendered to related parties		759,184		-
Total cost of revenue from service rendered		2,100,225		231,929
Total cost of revenues	$	2,978,882	$	1,692,919
Gross profit	$	483,051	$	26,211