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REVENUE INFORMATION | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
REVENUE INFORMATION |  |
REVENUE INFORMATION | 6 — REVENUE INFORMATION For the periods ended at June 30, 2023 and 2022, the Group’s gross revenue information comprises the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | January 1 – | ​ | January 1 –
​ |  | June 30, 2023 |  | June 30, 2022
Rental revenues |  | 9,847,650 |  | 10,579,286
Reservation revenue |  | 15,439 |  | 29,528
Other revenue |  | 43,016 |  | 8,190
Gross Sales |  | 9,906,105 |  | 10,617,004
​ | ​ | ​ | ​ | ​
Sales refunds |  | (21,524) |  | (48,630)
Sales discount |  | (399,820) |  | (837,116)
Net Sales |  | 9,484,761 |  | 9,731,258
​ The Group has determined that collectability is not probable for revenue amounting to US$ 165,176 and US$ 251,692 for the periods ended June 30, 2023 and 2022, respectively. These amounts will not be deemed probable until cash is received, at which point revenue would be recognized. Deferred revenue Deferred revenue consists of prepaid coupons and wallet balances which will be recorded as revenue when the relevant ride is taken, as that represents the satisfaction of the Group’s performance obligation. The table below shows the deferred revenue movement for the periods ended June 30, 2023 and 2022; ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | ​ |  | ​ | January 1 –  June 30, | ​ |  | ​ |
​ |  | January 1, 2023 |  | Additions |  | 2023 Revenue |  | FX rate Adj |  | June 30, 2023
Deferred revenue |  | 1,127,105 |  | 3,258,646 |  | (2,655,833) |  | (596,426) |  | 1,133,492
Total |  | 1,127,105 |  | 3,258,646 |  | (2,655,833) |  | (596,426) |  | 1,133,492
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | ​ |  | ​ | January 1 –  June 30, | ​ |  | ​ |
​ |  | January 1, 2022 |  | Additions |  | 2022 Revenue |  | FX rate Adj |  | June 30, 2022
Deferred revenue |  | 675,014 |  | 2,548,809 |  | (2,049,264) |  | (402,885) |  | 771,674
Total |  | 675,014 |  | 2,548,809 |  | (2,049,264) |  | (402,885) |  | 771,674
​ ​ | 14 — REVENUE INFORMATION For the years ended at December 31, 2022, 2021 and 2020 the Group’s gross profit on the based on operations comprised the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1 – |  | January 1 – |  | January 1 –
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Rental revenues | ​ | 26,769,058 | ​ | 18,004,117 | ​ | 10,985,126
Reservation revenue |  | 62,577 |  | 76,684 |  | 100,040
Other revenue |  | 103,033 |  | 21,528 |  | 58,240
Gross Sales |  | 26,934,668 |  | 18,102,329 |  | 11,143,406
​ ​ 14 — REVENUE INFORMATION (Continued) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1 – |  | January 1 – |  | January 1 –
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Sales refunds |  | (69,409) |  | (104,868) |  | (34,916)
Sales discount |  | (1,877,088) |  | (998,024) |  | (1,345,294)
Net Sales |  | 24,988,171 |  | 16,999,437 |  | 9,763,196
​ The Group has determined that collectability is not probable for revenue amounting to US$ 436,156, US$ 625,463 and US$ 24,287 for the years ended December 31, 2022, 2021 and 2020 respectively. These amounts will not be deemed probable until cash is received, at which point revenue would be recognized. Deferred revenue Deferred revenue consists of prepaid coupons and wallet balances which will be recorded as revenue when the relevant ride is taken, as that represents the satisfaction of the Group’s performance obligation. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31, |  | December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Wallet |  | 1,127,105 |  | 675,014 |  | 41,765
Other |  | 201,300 |  | 37,688 |  | —
Total |  | 1,328,405 |  | 712,702 |  | 41,765
​ The table below shows the deferred revenue movement for the years ended December 31, 2022, 2021 and 2020, ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1, |  | ​ |  | 2022 |  | ​ |  | December 31,
​ | ​ | 2022 | ​ | Additions | ​ | Revenue | ​ | FX rate Adj | ​ | 2022
Deferred revenue | ​ | 675,014 | ​ | 6,631,916 | ​ | (5,502,880) | ​ | (676,945) | ​ | 1,127,105
Total |  | 675,014 |  | 6,631,916 |  | (5,502,880) |  | (676,945) |  | 1,127,105
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1, |  | ​ |  | 2021 |  | ​ |  | December 31,
​ | ​ | 2021 | ​ | Additions | ​ | Revenue | ​ | FX rate Adj | ​ | 2021
Deferred revenue | ​ | 41,765 | ​ | 5,582,640 | ​ | (4,571,465) | ​ | (377,926) | ​ | 675,014
Total |  | 41,765 |  | 5,582,640 |  | (4,571,465) |  | (377,926) |  | 675,014
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1, |  | ​ |  | 2020 |  | ​ |  | December 31,
​ | ​ | 2020 | ​ | Additions | ​ | Revenue | ​ | FX rate Adj | ​ | 2020
Deferred revenue | ​ | — | ​ | 101,608 | ​ | (57,362) | ​ | (2,481) | ​ | 41,765
Total |  | — |  | 101,608 |  | (57,362) |  | (2,481) |  | 41,765
​

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