v3.26.1
Disaggregated revenue and Concentration
 6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
Disaggregated revenue and Concentration

Note 12 – Disaggregated revenue and Concentration

 

During the three and six months ended June 30, 2026 and 2025, disaggregated revenue was as follows:

                    
   Three Months Ended   Six months ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Products sale  $205,673   $446,785   $409,069   $1,051,267 
Product installation service   74,993    240,853    216,512    605,753 
   $280,666   $687,638   $625,581   $1,657,020 

 

During the three and six months ended June 30, 2026 and 2025, customer and supplier concentrations (more than 10%) were as follows:

 

Revenue and accounts receivable

 

Recurring customers do not represent a material percentage of our revenue for the three and six months ended June 30, 2026 and 2025 and accounts receivable as of June 30, 2026 and December 31, 2025.

                    
   Three months ended   Six months ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Number of customers (more than 10% of revenue)   3    3    3    1 
Total revenue of top 5 customers   71.9%    78.4%    52.5%    40.7% 

 

   June 30,   December 31, 
   2026   2025 
Number of customers (more than 10% of accounts receivable)   4    3 
Total % of accounts receivable balance (more than 10%)   89.9%    61.1% 

 

Purchase and accounts payable for Inventory

                              
   Percentage of Purchases   Percentage of Purchases   Percentage of 
   For three months ended   For six months ended   Accounts payable for purchase 
   June 30,   June 30,   June 30,   December 31 
   2026   2025   2026   2025   2026   2025 
Supplier A   –    25.1%    73.0%    36.5%    –    98.8% 
Supplier B   28.9%    6.2%    5.3%    5.0%    –    1.2% 
Supplier C   12.2%    –    1.9%    –    –    – 
Supplier D   57.6%    –    12.2%    3.6%    –    – 
Supplier E   –    –    –    15.2%    –    – 
Supplier F   –    43.1%    –    19.8%    –    – 
Total (as a group)   98.7%    74.4%    92.4%    80.1%    –    100.0% 

 

To reduce risk, the Company closely monitors the amounts due from its customers and assesses the financial strength of its customers through a variety of methods that include, but are not limited to, engaging directly with customer operations and leadership personnel, visiting customer locations to observe operating activities, and assessing customer longevity and reputation in the marketplace. As a result, the Company believes that its accounts receivable credit risk exposure is limited.