Business Concentration and Risks |
12 Months Ended |
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Dec. 31, 2022 | |
| Risks and Uncertainties [Abstract] | |
| Business Concentration and Risks |
Note 8 – Business Concentration and Risks
Major customers
Four customers accounted for 11% of the total accounts receivable as of December 31, 2022 and those customers accounted for 49% of total revenue for the years ended December 31, 2022.
One customer accounted 9% of the total accounts receivable as of December 31, 2021 and this customer accounted for 77% of total revenue for the year ended December 31, 2021.
Major vendors
One vendor, Tianjin Guanglee, accounted for 65% and 0% of total accounts payable at December 31, 2022 and 2021, respectively. This same vendor, Tianjin Guanglee, accounted for 22% and 81% of the total purchases for the years ended December 31, 2022 and 2021, respectively.
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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