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CASH AND RESTRICTED CASH
6 Months Ended
Jun. 30, 2022
Cash and Cash Equivalents [Abstract]  
CASH AND RESTRICTED CASH

NOTE 4: CASH AND RESTRICTED CASH

 

Cash and restricted cash are as follows:

 

  

June 30,

2022

   December 31,
2021
 
Cash on hand  $2,196   $646 
Bank balances   17,301    55,683 
Restricted cash   107,674    114,199 
Total  $127,171   $170,528 

 

ASU 2016-18, “Statements of Cash Flows” (Topic 230) was adopted by the Company in 2017. In accordance with this standard, restricted cash and restricted cash equivalents is included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the Statements of Cash Flows. During the six months ended June 30, 2022 and 2021 there were no cash equivalents.