Company: FVN
Filing Date: 2025-01-07
Form Type: DRS/A
Source: 0001829126-25-000092
Chunk: 98

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-01-07
Form: DRS/A
Chunk 98
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 as to whether any clearance or other required actions can be timely completed, or at all. Given such uncertainty, VIWO may be further required to suspend VIWO’s relevant business, shut down VIWO’s website, or face other penalties, which could materially and adversely affect its business, financial condition, and results of operations.

VIWO, its subsidiaries have a limited customer base and depend on a small number of customers for a significant portion of revenues which may result in heightened concentration risk.

Due to the nature of VIWO’s business and its limited operating history, VIWO, its subsidiaries have a limited customer base and have depended on a small number of customers for a significant portion of revenues. For the year ended September 30, 2023, one customer accounted for 13% of the Company’s total revenues. For the year ended September 30, 2024, three customers accounted for 21%, 15% and 14% of the Company’s total revenues, respectively.

As of September 30, 2023, two customers accounted for 58% and 40% of the Company’s accounts receivable, respectively. As of September 30, 2024, three customers accounted for 39%, 36% and 25% of the Company’s accounts receivable, respectively.

VIWO’s ability to maintain close relationships with its top customers is essential to the growth and profitability of VIWO’s business. If VIWO fails to retain these top customers in any particular period, or if a large customer enters into fewer engagements with VIWO, or fails to enter into any engagements with VIWO, or if VIWO fails to develop additional major customers, or if VIWO fails to develop additional major customers, then VIWO’s revenue could decline, which may adversely affect VIWO’s results of operations.

VIWO, its subsidiaries depend on a limited number of vendors for a significant portion of its purchase which may result in heightened concentration risk.

VIWO, its subsidiaries also conduct business with a limited number of vendors. For the year ended September 30, 2023, one vendor accounted for 19% of the Company’s total purchases. For the year ended September 30, 2024, four vendors accounted for 22%, 17%, 15% and 15% of the Company’s total purchases, respectively.

As of September 30, 2023, four vendors accounted for 54%, 13%, 11% and 10% of the Company’s accounts payable, respectively. As of