Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 82

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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%  
     –  
     29,558 
  
    Customer C 
     14.16%  
     34.50%  
     89,959 
  
    Customer D 
     –  
     35.61%  
     – 

For the nine months ended
September 30, 2025 and 2024, the individual customer who accounted for 10% or more of the Company’s revenues and its outstanding
receivable balances at period-end dates, are presented as follows:

    Nine Months ended September 30,  
    September 30, 2025 
  
    Customer 
    2025  
    2024  
    Accounts receivable 
  
    Customer A 
     51.65%  
     –  
    $329,478 
  
    Customer B 
     19.65%  
     –  
     29,558 
  
    Customer C 
     15.77%  
     39.55%  
     89,959 
  
    Customer D 
     –  
     34.22%  
    $– 

These customers are located
in Hong Kong.

    (b)
    Major vendors

For the three months ended
September 30, 2025 and 2024, the individual vendor who accounted for 10% or more of the Company’s direct operating cost and its
outstanding payable balances at period-end dates, are presented as follows:

    Schedule of concentration of risk 

    Three Months ended September 30,  
    September 30, 2025 
  
    Vendor 
    2025  
    2024  
    Accounts payable 
  
    Vendor A 
     36.10%  
     –  
    $78,922 
  
    Vendor B 
     18.64%  
     13.37%  
     31,102 
  
    Vendor C 
     –  
     23.07%  
     – 
  
    Vendor D 
     –  
     11.69%  
     – 

     30 

For the nine months ended
September 30, 2025 and 2024, the individual vendor who accounted for 10% or more of the Company’s direct operating cost and its
outstanding