SCHEDULE OF CONCENTRATIONS OF CREDIT RISK |
SCHEDULE OF CONCENTRATIONS OF CREDIT RISK
| |
As
of | | |
As
of | |
| |
December
31, | | |
December
31, | |
| |
2024 | | |
2023 | |
| |
| | |
%
of | | |
| | |
%
of | |
| |
Amount | | |
Total | | |
Amount | | |
Total | |
A | |
$ | 795,879 | | |
| 52.82 | % | |
$ | -* | | |
| -*
| % |
B | |
| 316,273 | | |
| 20.99 | % | |
| -* | | |
| -*
| % |
C | |
| -* | | |
| -*
| % | |
| 997,506 | | |
| 39.39 | % |
D | |
| -* | | |
| -*
| % | |
| 553,800 | | |
| 21.87 | % |
E | |
| -* | | |
| -*
| % | |
| 479,511 | | |
| 18.93 | % |
Total | |
$ | 1,112,152 | | |
| 73.81 | % | |
$ | 2,030,817 | | |
| 80.19 | % |
The following table sets forth information as to each
customer that accounted for 10% or more of total revenue for the years ended December 31, 2024 and 2023.
| |
Year Ended December 31,
| |
| |
2024 | | |
2023 | |
Customer | |
| | |
% of | | |
| | |
% of | |
| |
Amount | | |
Total | | |
Amount | | |
Total | |
A | |
$ | 4,612,959 | | |
| 21.77 | % | |
$ | 1,951,384 | | |
| 12.61 | % |
B | |
| 2,182,042 | | |
| 10.30 | % | |
| -* | | |
| -*
| % |
C | |
| 2,151,473 | | |
| 10.15 | % | |
| -*
| | |
| -*
| % |
D | |
| -*
| | |
| -*
| % | |
| 1,611,111 | | |
| 10.41 | % |
E | |
| -* | | |
| -*
| % | |
| -* | | |
| -*
| % |
Total | |
$ | 8,946,474 | | |
| 42.22 | % | |
$ | 3,562,495 | | |
| 23.02 | % |
The following table sets forth information as to each
supplier that accounted for 10% or more of total accounts payable for the years ended December 31, 2024 and 2023.
| |
As of | | |
As of | | |
| |
December 31, | | |
December 31, | | |
| |
2024 | | |
2023 | | |
Suppliers | |
| | |
% of | | |
| | |
% of | | |
| |
Amount | | |
Total | | |
Amount | | |
Total | | |
A | |
$ | 724,946 | | |
| 32.69 | % | |
$ | 829,815 | | |
| 89.25 | % | |
B | |
| 417,196 | | |
| 18.81 | % | |
| -*
| | |
| -*
| % | |
C | |
| 324,219 | | |
| 14.62 | % | |
| -*
| | |
| -*
| % | |
D | |
| 273,999 | | |
| 12.35 | % | |
| -*
| | |
| -*
| % | |
Total | |
$ | 1,740,360 | | |
| 78.47 | % | |
| 829,815 | | |
| 89.25 | % | |
* |
represented the percentage below 10% |
There following table sets forth information as to
each supplier that accounted for 10% or more of total purchase during the year ended December 31, 2024 and 2023.
| |
Year
Ended December 31, | |
| |
2024 | |
2023 | |
Suppliers | |
| | |
%
of | |
|
| | |
%
of | |
| |
Amount | | |
Total | |
|
Amount | | |
Total | |
A | |
$ | 3,808,157 | | |
| 16.99 | % |
|
$ | -* | | |
| -*
| % |
B | |
| 2,471,212 | | |
| 11.02 | % |
|
| 1,706,583 | | |
| 11.95 | % |
C | |
| -* | | |
| - *
| % |
|
| 2,607,552 | | |
| 18.25 | % |
Total | |
$ | 6,279,369 | | |
| 28.01 | % |
|
| 4,314,135 | | |
| 30.20 | % |
|