CONCENTRATION OF RISKS

9 Months Ended

Sep. 30, 2024

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS

NOTE 9 - CONCENTRATION OF RISKS

a) Major customers

For three months September 30, 2024, and 2023, 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:

	2024		2023		2024			2023		2024		2023
	Revenues				Percentage of revenues					Accounts receivable trade
Customer A	$	388,520	$	-		14.77	%		-	$	61,438	$	-
	$	388,520	$	-		14.77	%		-	$	61,438	$	-

For nine months ended September 30, 2024, and 2023, the Company did not have any material recognizable major customers accounted for 10% or more of the Company’s revenue.

b) Major suppliers

For three months ended September 30, 2024, and 2023, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at year ended are presented as follows:

	2024		2023		2024			2023			2024		2023
	Purchase				Percentage of purchases						Accounts payable trade
Vendor A	$	586,206	$	353,697		25.44	%		16.08	%	$	177,783	$	279,092
Vendor B	$	386,895	$	407,094		16.79	%		18.51	%	$	317,624	$	467,447
Vendor C	$	347,281	$	320,413		15.07	%		14.57	%	$	313,016	$	316,067
	$	1,320,382	$	1,081,204		57.30	%		49.16	%	$	808,423	$	1,062,606

For nine months ended September 30, 2024, and 2023, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at year ended are presented as follows:

	2024		2023		2024			2023			2024		2023
	Purchase				Percentage of purchases						Accounts payable trade
Vendor A	$	1,069,272	$	922,895		17.80	%		14.34	%	$	177,783	$	279,092
Vendor B	$	1,058,928	$	1,077,986		17.63	%		16.75	%	$	317,624	$	467,447
Vendor C	$	968,574	$	1,167,862		16.13	%		18.15	%	$	313,016	$	316,067
	$	3,096,774	$	3,168,743		51.56	%		49.24	%	$	808,423	$	1,062,606