Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 27

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 OF RISKS

The Company is exposed to the
following concentrations of risks:

    (a)
    Major customers

For the three months ended March
31, 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:

    Schedule of concentration of risk 

    Three Months ended March 31, 2025  
    March 31, 2025 
  
    Customer 
    Revenues  
    Percentage of revenues  
    Accounts receivable 
  
    Customer A 
    $193,329  
     30.16%  
    $– 
  
    Customer B 
    $161,957  
     25.27%  
    $– 
  
    Customer C 
    $134,964  
     21.05%  
    $44,993 
  
    Customer D 
    $76,545  
     11.94%  
    $24,138 
  
    Total 
    $566,795  
     88.42%  
    $69,131 

    Three Months ended March 31, 2024  
    March 31, 2024 
  
    Customer 
    Revenues  
    Percentage of revenues  
    Accounts receivable 
  
    Customer C 
    $134,271  
     49.88%  
    $44,733 
  
    Customer D 
    $99,851  
     37.09%  
    $45,934 

    $234,122  
     86.97%  
    $90,667 

These customers are located in
Hong Kong.

    (b)
    Major vendors

For the three months ended March
31, 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 March 31, 2025  
    March 31, 2025 
  
    Vendor 
    Cost of revenues  
    Percentage cost of revenues  
    Expenses payable 
  
    Vendor A 
    $82,862  
     25.98%  
    $35,