v3.26.1
Concentration of Risk
 3 Months Ended
Mar. 31, 2026
Concentration of Risk [Abstract]  
CONCENTRATION OF RISK

12. CONCENTRATION OF RISK

 

(a) Major Customers

 

For the three months ended March 31, 2026, the Company generated total revenue of $1,275,522, of which one customer accounted for more than 10% of the Company’s total revenue. For the three months ended March 31, 2025, the Company generated total revenue of $621,179, of which three customers accounted for more than 10% of the Company’s total revenue. The customers who accounted for more than 10% of the Company’s total revenue and its outstanding receivable balance at period-end is presented below:

 

   For the three months ended March 31 
   2026   2025   2026   2025   2026   2025 
   Revenue  

Percentage of

Revenue

  

Accounts

receivable, gross

 
                         
Customer A  $
-
   $105,779    
-
%   17%  $99,051   $21,033 
Customer B   
-
    74,481    
-
%   12%   41,042    33,640 
Customer C   
-
    66,024    
-
%   11%   10,274    54,990 
Customer D   303,664    
-
    24%   
-
%   202,661    
-
 
Others   971,858    374,895    76%   60%   1,007,957    914,333 
Total  $1,275,522   $621,179    100%   100%  $1,360,985   $1,023,996 

 

(b) Major Suppliers

 

For the three months ended March 31, 2026, the Company incurred cost of revenue of $934,756, of which no supplier accounted for more than 10% of the Company’s cost of revenue. For the three months ended March 31, 2025, the Company incurred cost of revenue of $628,092, of which no supplier accounted for more than 10% of the Company’s cost of revenue.