XML 21 R10.htm IDEA: XBRL DOCUMENT v3.23.3
CONCENTRATIONS
9 Months Ended
Sep. 30, 2023
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 September 30, 2023 and December 31, 2022, uninsured cash and restricted cash balances were $25,166,851 and $15,723,599, respectively.

 

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, 2023, three customers accounted for approximately 36%, 36%, and 27% of the Company’s property development revenue. For the nine months ended September 30, 2022, three customers accounted for approximately 42%, 10%, and 48% of the Company’s property development revenue.