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CONCENTRATIONS
9 Months Ended
Sep. 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 September 30, 2024, one customer accounted for approximately 100% of the Company’s property development revenue. For the three months ended September 30, 2023, one customer accounted for approximately 100% of the Company’s property development revenue. For the nine months ended September 30, 2024, two customers accounted for approximately 57% and 43% of the Company’s property development revenue. For the nine months ended September 30, 2023, three customers accounted for approximately 36%, 36%, and 27% of the Company’s property development revenue.