v3.26.3
Disaggregated Revenue And Concentrations
 9 Months Ended
Sep. 30, 2026
Disaggregated Revenue And Concentrations [Abstract]  
DISAGGREGATED REVENUE AND CONCENTRATIONS

NOTE 14 – DISAGGREGATED REVENUE AND CONCENTRATIONS

 

During the three and nine months ended September 30, 2026, disaggregated revenue was as follows:

 

    Three months ended     Nine months ended  
    September 30,     September 30,  
    2026     2025     2026     2025  
Electrical   $ 43,932     $ -     $ 43,932     $ -  
Tooling     -       -       -       -  
Metal stamping     922,901       -       922,901       -  
Total revenue   $ 966,833     $ -     $ 966,833     $ -  

 

Revenue and Accounts Receivable

 

During the three and nine months ended September 30, 2026, four customers accounted for 10% or more of the Company’s total revenue, representing approximately 15%, 14%, 13% and 10% of total revenue, respectively. During the three and nine months ended September 30, 2025, the Company did not generate any revenue.

 

As of September 30, 2026, accounts receivable from four customers accounted for 10% or more of total accounts receivable, representing approximately 18%, 12%, 12%, and 11% of total accounts receivable, respectively. As of December 31, 2025, the Company had no accounts receivable.

 

Purchases and Accounts Payable

 

During the three and nine months ended September 30, 2026, purchases from four vendors accounted for 10% or more of total raw material purchases, representing approximately 34%, 23%, 15% and 15% of raw material purchases. During the three and nine months ended September 30, 2025, the Company did not purchase any raw materials.

 

As of September 30, 2026, accounts payable due to two vendors accounted for 10% or more of total accounts payable, representing approximately 16% and 12% of total accounts payable, respectively. As of December 31, 2025, accounts payable due to three vendors accounted for 10% or more of total accounts payable, representing approximately 47%, 37%, and 10% of total accounts payable, respectively.