v3.25.2
CONCENTRATION OF RISK
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Concentration Of Risk    
CONCENTRATION OF RISK

11. CONCENTRATION OF RISK

 

(a) Major Customers

 

For the three months ended March 31, 2025, the Company generated total revenue of $621,179, of which three customers accounted for more than 10% of the Company’s total revenue. For the three months ended March 31, 2024, the Company generated total revenue of $519,752, of which one customer accounted for more than 10% of the Company’s total revenue. The customers who accounted for more than 10% of the Company’s total revenue and its outstanding receivable balance at period-end is presented below:

  

   For the three months ended March 31 
   2025   2024   2025   2024   2025   2024 
   Revenue  

Percentage of

Revenue

  

Accounts

receivable, gross

 
                         
Customer A  $105,779   $-    17%   -%  $21,033   $- 
Customer B   74,481    -    12%   -%   33,640    - 
Customer C   66,024    -    11%   -%   54,990    - 
Customer D   -    61,307    -%   12%   -    33,061 
Others   374,895    458,445    60%   88%   914,333    704,583 
Total  $621,179   $519,752    100%   100%  $1,023,996   $737,644 

 

(b) Major Suppliers

 

For the three months ended March 31, 2025, the Company incurred cost of revenue of $628,092, of which no supplier accounted for more than 10% of the Company’s cost of revenue. For the three months ended March 31, 2024, the Company incurred cost of revenue of $497,824, of which no supplier accounted for more than 10% of the Company’s cost of revenue.

 

 

13. CONCENTRATION OF RISK

 

(a) Major Customers

 

For the year ended December 31, 2024, the Company generated total revenue of $3,382,432, of which no customer accounted for more than 10% of the Company’s total revenue. For the year ended December 31, 2023, the Company generated total revenue of $3,109,515, of which no customers accounted for more than 10% of the Company’s total revenue.

 

(b) Major Suppliers

 

For the year ended December 31, 2024, the Company incurred cost of revenue of $1,958,632, of which no supplier accounted for more than 10% of the Company’s cost of revenue. For the year ended December 31, 2023, the Company incurred cost of revenue of $1,708,334, of which no supplier accounted for more than 10% of the Company’s cost of revenue.