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Cash and cash equivalents | 12 Months Ended
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Dec. 31, 2024
Cash And Cash Equivalents |
Cash and cash equivalents | 6. Cash and cash equivalents As of December 31, 2024 and 2023, this caption is comprised as follow:
Schedule of cash and cash equivalents |  |  |  |  |  |  |  |
|  | 2024 |  | 2023
Cash in banks |  | US$ | 281,358 |  |  | US$ | 117,764 |
Cash on hand |  |  | 657 |  |  |  | 850 |
Short-term investments (Highly liquid investments/cash equivalent) |  |  | 617,432 |  |  |  | 642,604 |
Funds held in trust related to debt service reserves |  |  | 8,534 |  |  |  | 12,936 |
Total cash and cash equivalents |  | US$ | 907,981 |  |  | US$ | 774,154 |
As of December 31, 2024 and 2023, the Company recorded a portion of advance ticket sales by an amount of US$8,534 and US$12,936, respectively, as a fund (Note 1d). The funds held in Trusts are used to constitute the debt service reserves.

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