v3.26.3
CONCENTRATIONS
12 Months Ended
Dec. 31, 2025
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

NOTE 18 - CONCENTRATIONS

 

Customers:

 

The Company had two customers that individually represented 10% or more of total sales, which accounted for 36.1% and 13.3% for the year ended December 31, 2025. For the year ended December 31, 2024, there were five customers’ sales over 10% and accounted for 31.1%, 16.0%, 14.6%, 14.0%, and 12.7%.

 

Suppliers:

 

Purchasing from One supplier accounted for 37.7% of the Company’s purchases for the year ended December 31, 2024. One supplier accounted for 12.0% of the Company’s purchases in 2025.

 

Accounts receivable:

 

As of December 31, 2025, the account receivable from one customer accounted for 82.0% of the total Company’s accounts receivable. As of December 31, 2024, Accounts receivable from one customer accounted for 95.4% of the total Company’s accounts receivable balance.

 

Accounts payable:

 

As of December 31, 2025, the account payable from one supplier accounted for 25.7% of the total Company’s accounts payable.