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CONCENTRATIONS
3 Months Ended
Mar. 31, 2024
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, 2024 and December 31, 2023, uninsured cash and restricted cash balances were $20,945,321 and $23,748,169, respectively.

 

For the three months ended March 31, 2024, one customer accounted for approximately 100% of the Company’s property development revenue.