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CONCENTRATION RISK
6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
CONCENTRATION RISK

NOTE 13 — CONCENTRATION RISK

 

The Company maintains cash balances at various financial institutions in different countries. These balances are usually secured by the central banks’ insurance companies. At times, these balances may exceed the insurance limits. As of June 30, 2026 and December 31, 2025, uninsured cash balances were $1,030,865 and $1,624,957, respectively.

 

Major Suppliers

 

For the three and six months ended June 30, 2026, five suppliers accounted for approximately over 38% and 59% of the Company’s total costs of revenue, respectively.

 

For the three and six months ended June 30, 2025, five suppliers accounted for approximately over 59% and 70% of the Company’s total costs of revenue, respectively.