Business Concentration and Risks |
12 Months Ended |
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Dec. 31, 2021 | |
| Risks and Uncertainties [Abstract] | |
| Business Concentration and Risks |
Note 8 – Business Concentration and Risks
Major customers
One customer accounted for 9% and 0% of the total accounts receivable as of December 31, 2021 and 2020, respectively. This customer accounted for 77% and 53% of total revenue for the years ended December 31, 2021 and 2020, respectively.
Major vendors
One vendor, Tianjin Guanglee, accounted for 0% and 0% of total accounts payable at December 31, 2021 and 2020, respectively. This same vendor, Tianjin Guanglee, accounted for 81% and 65% of the total purchases for the years ended December 31, 2021 and 2020, 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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