Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

For the three months ended March 31, 2025 and 2024, the Company’s revenues from two major customers accounted more than 10% of the total revenue were as following:

Schedule of Concentration Risk Percent

	Three months ended March 31, 2025					As of March 31, 2025					Three months ended March 31, 2024					As of March 31, 2024
	Amount		% of Total Revenue			Accounts Receivable		% of Total Accounts Receivable			Amount		% of Total Revenue			Accounts Receivable		% of Total Accounts Receivable
Customer A	$	-		-	%	$	8,344,633		100	%	$	2,954,607		100	%	$	8,437,022		100	%

●

Customer A: Shanghai Xinsen Import & Export Co., Ltd (“Shanghai Xinsen”), a related party that sells RLSP’s products to Shanghai Hongyang Sealing Co., Ltd. (“Shanghai Hongyang”) and Wuhu Huichi Auto Parts Co., Ltd. (“Wuhu Huichi”), two unrelated parties of RLSP and the Company, and certified first-tier suppliers of Auto Manufacturers.

Major vendors

For the three months ended March 31, 2025 and 2024, the Company made purchases from the major vendors accounted more than 10% of the total purchases were as following:

	Three months ended March 31, 2025					As of March 31, 2025					Three months ended March 31, 2024					As of March 31, 2024
	Amount		% of Total Purchase			Accounts payable		% of Total Accounts Payable			Amount		% of Total Purchase			Accounts payable		% of Total Accounts Payable
Vendor A	$	-		-	%	$	5,907,898		82	%	$	2,960,164		100	%	$	6,118,302		59	%

●	Vendor A: Shanghai Haozong Rubber & Plastic Technology Co., Ltd. (“Shanghai Haozong”), a related party.

Rubber Leaf Inc 10-Q