| DISAGGREGATED REVENUES |
NOTE 18 — DISAGGREGATED REVENUES
Information for the Company’s
breakdown of revenues by service type for the years ended December 31, 2022, 2023 and 2024 are as follows:
| | |
For the years ended
December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| Freight forwarding services | |
| | |
| | |
| |
| – Air freight | |
$ | 92,645,878 | | |
$ | 138,683,827 | | |
$ | 85,621,326 | |
| – Ocean freight | |
| 4,651,267 | | |
| 1,336,418 | | |
| 1,509,863 | |
| Subtotal | |
| 97,297,145 | | |
| 140,020,245 | | |
| 87,131,189 | |
| Ancillary logistic services | |
| 8,382 | | |
| 224 | | |
| 35,280 | |
| Total | |
$ | 97,305,527 | | |
$ | 140,020,469 | | |
$ | 87,166,469 | |
Information for the Company’s
breakdown of revenues from freight forwarding services for the years ended December 31, 2022, 2023 and 2024 are as follows:
| | |
For the years ended
December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| Export shipments | |
| | |
| | |
| |
| – Air | |
$ | 92,619,992 | | |
$ | 138,665,566 | | |
$ | 85,613,133 | |
| – Ocean | |
| 4,618,438 | | |
| 1,314,374 | | |
| 1,503,045 | |
| –Subtotal | |
| 97,238,430 | | |
| 139,979,940 | | |
| 87,116,178 | |
| | |
| | | |
| | | |
| | |
| Import shipments | |
| | | |
| | | |
| | |
| – Air | |
| 25,886 | | |
| 18,261 | | |
| 8,193 | |
| – Ocean | |
| 32,829 | | |
| 22,044 | | |
| 6,818 | |
| –Subtotal | |
| 58,715 | | |
| 40,305 | | |
| 15,011 | |
| Total | |
| 97,297,145 | | |
$ | 140,020,245 | | |
$ | 87,131,189 | |
Information for the Company’s
breakdown of export revenue destination for the years ended December 31, 2022, 2023 and 2024 are as follows:
| | |
For the years ended
December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| United States | |
$ | 75,185,052 | | |
| 77.32 | % | |
$ | 122,275,056 | | |
| 87.35 | % | |
$ | 61,745,629 | | |
| 70.88 | % |
| United Kingdom | |
| 5,248,600 | | |
| 5.40 | % | |
| 3,725,207 | | |
| 2.66 | % | |
| 6,012,265 | | |
| 6.90 | % |
| The Netherlands | |
| 5,054,684 | | |
| 5.20 | % | |
| 7,703,309 | | |
| 5.50 | % | |
| 6,401,024 | | |
| 7.35 | % |
| Others (Note) | |
| 11,750,094 | | |
| 12.08 | % | |
| 6,276,368 | | |
| 4.49 | % | |
| 12,957,261 | | |
| 14.87 | % |
| Total export revenue | |
$ | 97,238,430 | | |
| 100 | % | |
$ | 139,979,940 | | |
| 100 | % | |
$ | 87,116,179 | | |
| 100 | % |
Note: Others
represent a number of countries including, among others, Canada, Qatar and France, etc.
Information for the Company’s
breakdown of revenues by types of customers for the years ended December 31, 2022, 2023 and 2024 are as follows:
| | |
For the years ended
December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| Freight forwarders | |
$ | 95,649,511 | | |
$ | 139,475,411 | | |
$ | 86,762,856 | |
| Direct customers | |
| 1,656,016 | | |
| 545,058 | | |
| 403,613 | |
| Total | |
$ | 97,305,527 | | |
$ | 140,020,469 | | |
$ | 87,166,469 | |
|