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CONCENTRATIONS
9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

  4. CONCENTRATIONS

 

The Company maintains cash balances at various financial institutions in different countries. These balances are usually secured by the central banks’ insurance companies. At times, these balances may exceed the insurance limits. As of September 30, 2021 and December 31, 2020, uninsured cash and restricted cash balances were $70,219,636 and $25,752,637, respectively.

 

For the three months ended September 30, 2021, two customers accounted for approximately 95%, and 5% of the Company’s property and development revenue. For the three months ended September 30, 2020, two customers accounted for approximately 99%, and 1% of the Company’s property and development revenue. For the nine months ended September 30, 2021, two customers accounted for approximately 96%, and 4% of the Company’s property and development revenue. For the nine months ended September 30, 2020, two customers accounted for approximately 98%, and 2% of the Company’s property and development revenue.