Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Accounting Policies [Abstract] |
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| Schedule of concentrations of credit risk |
| Schedule of concentrations of credit risk |
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For the years ended December 31, |
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2024 |
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2023 |
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|
Amount |
|
% of Total
Revenue |
|
Amount |
|
% of Total
Revenue |
| Customer A |
|
$ |
83,548 |
|
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|
21% |
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|
$ |
– |
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|
|
– |
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| Customer B |
|
|
69,325 |
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17% |
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|
– |
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– |
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| Customer C |
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|
54,479 |
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14% |
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– |
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– |
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| Customer D |
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|
50,053 |
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13% |
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|
– |
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– |
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| Customer E |
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– |
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– |
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60,000 |
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14% |
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| Customer F |
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– |
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– |
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50,000 |
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11% |
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| Customer G |
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|
(*) |
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(*) |
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44,147 |
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10% |
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| Customer H |
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|
– |
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– |
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41,955 |
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10% |
|
_________________
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(*) |
Revenue for the year ended had not exceeded 10% or more of the consolidated revenue. |
Major vendors
For the years ended of December 31, 2024 and 2023,
the Company’s purchase from the following vendors and were set out as below:
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For the years ended December 31, |
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|
2024 |
|
2023 |
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|
Amount |
|
% of Total
Purchase |
|
Amount |
|
% of Total
Purchase |
| Vendor A |
|
$ |
147,591 |
|
|
|
83% |
|
|
$ |
152,969 |
|
|
|
39% |
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| Vendor B |
|
|
– |
|
|
|
– |
|
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189,151 |
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49% |
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| Vendor C |
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|
21,822 |
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12% |
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(*) |
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(*) |
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(*) |
Purchase for the year ended had not exceeded 10% or more of the consolidated purchase. |
|
| Schedule of estimated useful lives, property and equipment |
| Schedule of estimated useful lives, property and equipment |
|
| Fixed assets |
Useful life |
| Furniture |
5 years |
| Equipment |
5 years |
| Warehouse |
39 years |
| Improvement |
5 years |
| Land |
N/A |
|
| Schedule of fair value of assets and liabilities measured on recurring basis |
| Schedule of fair value of assets
and liabilities measured on recurring basis |
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December 31, 2024 |
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Fair Value |
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|
Carrying |
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Level 1 |
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Level 2 |
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Level 3 |
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|
Value |
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| Assets |
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| Marketable securities: |
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| Stock |
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$ |
24,660 |
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|
$ |
– |
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|
$ |
– |
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|
$ |
24,660 |
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| Total assets measured at fair value |
|
$ |
24,660 |
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|
$ |
– |
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|
$ |
– |
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|
$ |
24,660 |
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|
December 31, 2023 |
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|
Fair Value |
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|
Carrying |
|
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|
Level 1 |
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Level 2 |
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Level 3 |
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|
Value |
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| Assets |
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| Marketable securities: |
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| Stock |
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$ |
36,735 |
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|
$ |
– |
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|
$ |
– |
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|
$ |
36,735 |
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| Total assets measured at fair value |
|
$ |
36,735 |
|
|
$ |
– |
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|
$ |
– |
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|
$ |
36,735 |
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| Schedule of revenue by product type |
| Schedule of revenue by product type |
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December 31, 2024 |
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December 31, 2023 |
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| IoT Products |
|
$ |
398,137 |
|
|
$ |
384,168 |
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| IoT Project Construction and Installation Services |
|
|
– |
|
|
|
56,375 |
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| Total |
|
$ |
398,137 |
|
|
$ |
440,543 |
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| Schedule of anti-dilutive shares |
| Schedule of anti-dilutive shares |
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| Year ended December 31, |
|
2024 |
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|
2023 |
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| Stock options |
|
|
62,637 |
|
|
|
51,387 |
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| Total |
|
|
62,637 |
|
|
|
51,387 |
|
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| Schedule of exchange rates foreign currency |
| Schedule of exchange rates foreign currency |
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Average Rate for the Year Ended
December 31,
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|
2024 |
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|
2023 |
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| China Yuan (RMB) |
|
RMB |
7.1843 |
|
|
RMB |
7.0714 |
|
| United States Dollar ($) |
|
$ |
1.0000 |
|
|
$ |
1.0000 |
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Exchange Rate at |
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December 31, 2024 |
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|
December 31, 2023 |
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| China Yuan (RMB) |
|
RMB |
7.2975 |
|
|
RMB |
7.0698 |
|
| United States Dollar ($) |
|
$ |
1.0000 |
|
|
$ |
1.0000 |
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