XML 27 R9.htm IDEA: XBRL DOCUMENT v3.24.1
CONCENTRATIONS
12 Months Ended
Dec. 31, 2023
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 December 31, 2023 and 2022, uninsured cash and restricted cash balances were $23,748,169 and $15,723,599, respectively.

 

For the year ended December 31, 2023, three customers accounted for approximately 36%, 36%, and 28% of the Company’s property and development revenue. For the year ended December 31, 2022, two customers accounted for approximately 81%, and 19% of the Company’s property and development revenue.