CONCENTRATION OF RISKS

3 Months Ended

Mar. 31, 2022

CONCENTRATION OF RISKS

NOTE 14 - CONCENTRATION OF RISKS

NOTE 14 - CONCENTRATION OF RISKS

a) Major customers

For three months ended March 31, 2022 and 2021, the customers who accounted for 10% or more of the Company’s revenues and its accounts received balance at period-end are presented as follows:

	2022		2021		2022			2021			2022		2021
	Revenues				Percentage of revenues						Accounts receivable trade
Customer A	$	319,257	$	145,410		10.54	%		4.22	%	$	233,845	$	142,667
Customer B		310,167		280,392		10.24	%		8.13	%		407		2,581
	$	629,424	$	425,802		20.78	%		12.35	%	$	234,252	$	145,248

b) Major suppliers

For three months ended March 31, 2022 and 2021, the vendors who accounted for 10% or more of the Company’s cost of sales and its accounts payable balance at period-end are presented as follows:

	2022		2021		2022			2021			2022		2021
	Purchase				Percentage of purchases						Accounts payable trade
Vendor A	$	499,113	$	272,436		18.52	%		9.50	%	$	497,660	$	267,295
Vendor B	$	444,337	$	451,074		16.48	%		15.74	%	$	177,007	$	382,658
Vendor C	$	329,922	$	404,056		12.24	%		14.10	%	$	328,962	$	404,056
Vendor D	$	309,995	$	776,469		11.50	%		27.09	%	$	446,245	$	1,324,528
	$	1,583,367	$	1,904,035		58.74	%		66.43	%	$	1,449,874	$	2,378,537