| Schedule of Major Customers |
During the three months
ended March 31, 2025 and 2024, the major customers of the Company are as below. Iluminar is a related party of the Company since April 11,
2023, as disclosed in Note 11— Related party transactions.
| | |
For
the
Three Months ended
March 31,
2025 | | |
As
of
March 31,
2025 | |
| | |
Percentage
of
Revenue | | |
Percentage
of
Account
Receivable | |
| Customer A | |
| <10 | % | |
| 33 | % |
| Customer C | |
| 42 | % | |
| <10 | % |
| Customer K | |
| <10 | % | |
| 10 | % |
| Customer L | |
| 14 | % | |
| <10 | % |
| Iluminar | |
| <10 | % | |
| 30 | % |
| | |
For the
Three Month ended
March 31,
2024 | | |
As of
March 31,
2024 | |
| | |
Percentage of
Revenue | | |
Percentage of
Account
Receivable | |
| Customer C | |
| <10 | % | |
| 18 | % |
| Customer G | |
| <10 | % | |
| 41 | % |
| Customer H | |
| <10 | % | |
| 16 | % |
| Customer I | |
| <10 | % | |
| 13 | % |
| Customer J | |
| 15 | % | |
| <10 | % |
| Iluminar | |
| 19 | % | |
| 23 | % |
|
During the years ended December
31, 2024 and 2023, the major customers of the Company are as below. Iluminar is a related party of the Company since April 11, 2023,
as disclosed in Note 12— Related party transactions.
| |
|
For the
year ended
December 31,
2024 |
|
|
As of
December 31,
2024 |
|
| |
|
Percentage of
Revenue |
|
|
Percentage of
Account
Receivable |
|
| Customer A |
|
|
12 |
% |
|
|
31 |
% |
| Customer C |
|
|
12 |
% |
|
|
<10 |
% |
| Iluminar |
|
|
17 |
% |
|
|
35 |
% |
| | |
For the
year ended
December 31,
2023 | | |
As of
December 31,
2023 | |
| | |
Percentage of
Revenue | | |
Percentage of
Account
Receivable | |
| Customer C | |
| 13 | % | |
| 13 | % |
| Customer G | |
| <10 | % | |
| 31 | % |
| Customer H | |
| <10 | % | |
| 12 | % |
| Customer I | |
| <10 | % | |
| 10 | % |
| Iluminar | |
| <10 | % | |
| 18 | % |
|
| Schedule of Major Vendors |
During the three months
ended March 31, 2025 and 2024, the major vendors of the Company are as below. Both Ilumionar and Uninet Global Inc. are related parties
of the Company (Megaphoton is no longer a related party of the Company after April 2023), as disclosed in Note 11— Related
party transactions, and all purchases from Uninet Global Inc. are products originally manufactured by Megaphoton Inc.
| | |
For the
Three Months
ended
March 31, 2025 | | |
As of
March 31,
2025 | |
| | |
Percentage of Purchase | | |
Percentage of Account
Payable | |
| Vendor A | |
| <10 | % | |
| 12 | % |
| Vendor E | |
| 42 | % | |
| <10 | % |
| Iluminar | |
| 33 | % | |
| <10 | % |
| Megaphoton Inc. | |
| <10 | % | |
| 53 | % |
| | |
For the
Three Months
ended
March 31,
2024 | | |
As of
March 31,
2024 | |
| | |
Percentage of Purchase | | |
Percentage of Account
Payable | |
| Vendor A | |
| 88 | % | |
| <10 | % |
| Vendor C | |
| 11 | % | |
| <10 | % |
| Megaphoton Inc. | |
| <10 | % | |
| 52 | % |
| Uninet Global Inc. | |
| <10 | % | |
| 27 | % |
|
During the years ended December
31, 2024 and 2023, the major vendors of the Company are as below. Both Megaphoton, Ilumionar and Uninet Global Inc. are related parties of the Company
(Megaphoton is no longer a related party of the Company after April 2023), as disclosed in Note 12— Related party transactions,
and all purchases from Uninet Global Inc. are products originally manufactured by Megaphoton Inc.
| | |
For the
year ended
December 31,
2024 | | |
As of
December 31,
2024 | |
| | |
Percentage of
Purchase | | |
Percentage of
Account
Payable | |
Vendor A | |
| 53 | % | |
| 20 | % |
Vendor C | |
| 22 | % | |
| 13 | % |
| Iluminar | |
| <10 | % | |
| <10 | % |
| Megaphoton Inc. | |
| <10 | % | |
| 49 | % |
| | |
For the
year ended
December 31,
2023 | | |
As of
December 31,
2023 | |
| | |
Percentage of
Purchase | | |
Percentage of
Account
Payable | |
| Vendor A | |
| 52 | % | |
| <10 | % |
| Vendor B | |
| 25 | % | |
| <10 | % |
| Megaphoton Inc. | |
| <10 | % | |
| 57 | % |
| Uninet Global Inc. | |
| <10 | % | |
| 20 | % |
|