v3.26.1
Concentration of Risk (Tables)
12 Months Ended
Dec. 31, 2025
Concentration of Risk [Abstract]  
Schedule of Major Customers

During the years ended December 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 12— Related party transactions.

 

   For the
year ended
December 31,
2025
   As of
December 31,
2025
 
   Percentage of
Revenue
   Percentage of
Accounts
Receivable
 
Customer C   32%   28%
RapidGrow LED Technologies   <10%   23%
SAC Projects, Inc.   <10%   18%
Concentrated Services LLC   <10%   13%
House of Clones, Inc.   <10%   11%
   For the
year ended
December 31,
2024
   As of
December 31,
2024
 
   Percentage of
Revenue
   Percentage of
Accounts
Receivable
 
Customer A   12%   31%
Customer C   12%   <10%
Iluminar   17%   35%
Schedule of Major Vendors

During the years ended December 31, 2025 and 2024, 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,
2025
   As of
December 31,
2025
 
   Percentage of
Purchases
   Percentage of
Accounts
Payable
 
Vendor A   <10%   10%
Vendor C   <10%   14%
Vendor D   51%   <10%
Iluminar   40%   <10%
Megaphoton Inc.   <10%   53%

 

   For the
year ended
December 31,
2024
   As of
December 31,
2024
 
   Percentage of
Purchases
   Percentage of
Accounts
Payable
 
Vendor A   53%   20%
Vendor C   22%   13%
Iluminar   <10%   <10%
Megaphoton Inc.   <10%   49%