v3.25.1
Concentration of Revenues and Cost of Revenue (Tables)
 12 Months Ended
Dec. 31, 2024
Concentration of Revenues and Cost of Revenue [Abstract]  
Schedule of Concentration of Major Customers and Suppliers

Concentration of major customers and suppliers:

 

   For the years ended December 31, 
   2022   2023   2024 
Major customers representing more than 10% of the Company’s revenues                    
Customer A  $58,052,525    59.66%  $105,392,369    75.27%  $34,217,896    39.26%
Total Revenues  $58,052,525    59.66%  $105,392,369    75.27%  $34,217,896    39.26%
   As of December 31, 
   2022   2023   2024 
Major customers of the Company’s accounts receivable Company A  $8,300,450    74.69%  $10,924,906    54.22%  $5,865,781    45.42%
Total  $8,300,450    74.69%  $10,924,906    54.22%  $5,865,781    45.42%

 

Accounts receivable from the Company’s major customers accounted for 74.69%, 54.22% and 45.42% of total accounts receivable balances as of December 31, 2022, 2023 and 2024, respectively.

 

   For the years ended December 31, 
   2022   2023   2024 
Major suppliers representing more than 10% of the Company’s cost of revenue                        
Supplier A  $12,092,238    13.59%  $17,607,050    13.83%  $9,201,146    11.00%
Supplier B   8,326,759    9.36%   16,554,141    13.01%   4,428,406    5.29%
Supplier C   9,677,661    10.87%   5,986,829    4.70%   7,088,940    8.48%
Supplier D   4,217,513    4.74%   8,695,475    6.83%   12,574,008    15.03%
Total Cost of Revenue  $34,314,171    38.56%  $48,843,495    38.37%  $33,292,500    39.80%

 

   As of December 31, 
   2022   2023   2024 
Major suppliers of the Company’s accounts payable                        
Supplier A  $1,950,655    16.39%  $2,509,747    13.46%  $2,084,994    18.09%
Supplier B   688,996    5.79%   1,017,198    5.46%   335,049    2.91%
Supplier C   790,697    6.64%   827,832    4.44%   861,039    7.47%
Supplier D   684,115    5.75%   1,161,664    6.23%   1,156,233    10.03%
Total   4,114,463    34.57%  $5,516,441    29.59%  $4,437,315    38.50%