XML 21 R9.htm IDEA: XBRL DOCUMENT v3.22.1
CONCENTRATIONS
3 Months Ended
Mar. 31, 2022
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

3. 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 March 31, 2022 and December 31, 2021, uninsured cash and restricted cash balances were $51,171,108 and $57,905,303, respectively.

 

For the three months ended March 31, 2022, three customers accounted for approximately 41%, 52%, and 7% of the Company’s property development revenue. For the three months ended March 31, 2021, two customers accounted for approximately 97%, and 3% of the Company’s property development revenue.