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CONCENTRATIONS
6 Months Ended
Jun. 30, 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.

 

In the three months ended June 30, 2024, the Company’s did not recognize revenue from its property development business. For the three months ended June 30, 2023, three customers accounted for approximately 37%, 36% and 27% of the Company’s property development revenue. For the six months ended June 30, 2023, one customer accounted for approximately 100% of the Company’s property development revenue. For the six months ended June 30, 2023, three customers accounted for approximately 37%, 36%, and 27% of the Company’s property development revenue.