v3.26.3
CONCENTRATIONS
 6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

17. CONCENTRATIONS

 

Concentrations of Credit Risk

 

As of June 30, 2026 and December 31, 2025, cash and cash equivalents balances in the PRC are $980,746 and $908,341, respectively, which were primarily deposited in financial institutions located in Mainland China. Each bank account is insured by The People’s Bank of China (the central bank of China) with the maximum limit of RMB500,000 (equivalent to $71,499). To limit exposure to credit risk relating to deposits, the Company primarily places cash and cash equivalent deposits with large financial institutions in China which management believes are of high credit quality and management also continually monitors the financial institutions’ credit worthiness.

 

Concentrations of Customers

 

The following table sets forth information as to each customer that accounted for 10% or more of total accounts receivable as of June 30, 2026 and December 31, 2025:

 

   As of 
   June 30, 2026   December 31, 2025 
       % of       % of 
   Amount   Total   Amount   Total 
A  $1,288,248    32.84%  $-*    -*%
B   1,010,929    25.77%   1,430,091    46.02%
C   997,433    25.43%   -*    -*%
D   -*    -*%   408,501    13.15%
E   -*    -*%   320,316    10.31%
Total  $3,296,610    84.04%  $2,158,908    69.48%

  

The following table sets forth information as to each customer that accounted for 10% or more of total revenue for the six months ended June 30, 2026 and 2025.

 

   For the six months ended June 30, 
   2026   2025 
      % of       % of 
Customer  Amount   Total   Amount   Total 
A  $2,554,059    17.51%  $-*    -*%
B   1,887,253    12.94%   3,607,257    29.83%
C   1,504,021    10.31%   -*    -*%
Total  $5,945,333    40.76%  $3,607,257    29.83%

 

The following table sets forth information as to each supplier that accounted for 10% or more of accounts payable as of June 30, 2026 and December 31, 2025:

 

   As of 
   June 30, 2026   December 31, 2025 
      % of       % of 
Suppliers  Amount   Total   Amount   Total 
A  $303,886    20.87%  $*    *%
B   157,135    10.79%   *    *%
C   *    *%   414,586    23.44%
D   *    *%   338,416    19.14%
E   *    *%   222,980    12.61%
Total  $461,021    31.66%   975,982    55.19%

  

* represented the percentage below 10%

 

 

17. CONCENTRATIONS – continued

 

There following table sets forth information as to each supplier that accounted for 10% or more of total purchase during six months ended June 30, 2026 and 2025.

 

   For the six months ended June 30, 
   2026   2025 
      % of       % of 
Suppliers  Amount   Total   Amount   Total 
A  $                   -*    -*%  $1,266,176    10.82%
Total  $-*    -*%   1,266,176    10.82%

 

* represented the percentage below 10%