Concentration, Risk and Uncertainties |
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| CONCENTRATION, RISK AND UNCERTAINTIES | 19. CONCENTRATION, RISK AND UNCERTAINTIES
Concentration of credit risk
Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash in bank and accounts receivable. The Company places its cash with financial institutions with high credit ratings and quality.
The Company conducts credit evaluations of customers, and generally does not require collateral or other security from its customers. The Company establishes an allowance for expected credit losses primarily based upon the factors surrounding the credit risk of specific customers.
Concentration of customers and suppliers
The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable as of December 31, 2025 and June 30, 2025.
The following table sets forth a summary of single customers who represent 10% or more of the Company’s total sales:
The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s accounts payable as of December 31, 2025 and June 30, 2025.
The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchases:
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