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DUE FROM RELATED PARTIES | 12 Months Ended
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Dec. 31, 2023
Due From Related Parties |
DUE FROM RELATED PARTIES | NOTE 7 — DUE FROM RELATED PARTIES Due from related parties as of December 31, 2023 and 2022 represents amounts receivable from related entities of the Company. The receivables are unsecured, bear no interest, non-trade in nature and are due on demand. The due from related parties (Long term) are recoverable within average life of three years. SCHEDULE OF DUE FROM RELATED PARTIES
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Due from related parties (Short term) |  |  |  |  |  |  |  |
Accounts Receivable – Shareholders |  | $ | - |  |  | $ | 60,280 |
Due from MSJ Foundation |  |  | 26,276 |  |  |  | 102,356 |
Due from Entrepreneur Resorts Limited and Subsidiaries |  |  | 4,782,251 |  |  |  | - |
Others |  |  | 158,206 |  |  |  | 188,721 |
Total due from related parties (short term) |  | $ | 4,966,733 |  |  | $ | 351,357 |
Due from related parties (Long term) |  |  |  |  |  |  |  |
BMV Finance |  | $ | 2,076,221 |  |  | $ | 1,973,144 |
Simon Zutshi |  |  | 1,395,228 |  |  |  | 1,268,094 |
BG3 Ltd. |  |  | 740,506 |  |  |  | 703,743 |
Zutshi LLP |  |  | 399,979 |  |  |  | 380,121 |
Vision1 Investments |  |  | 294,464 |  |  |  | 279,845 |
Crowd Property |  |  | 273,713 |  |  |  | 260,124 |
Throckley |  |  | 219,916 |  |  |  | 208,998 |
Others |  |  | 103,694 |  |  |  | 98,187 |
Property Mastermind International |  |  | 124,577 |  |  |  | 116,008 |
Total due from related parties (long term) |  | $ | 5,628,298 |  |  | $ | 5,288,264 |
Due from related parties |  | $ | 10,595,031 |  |  | $ | 5,639,621 |
Subsequent to December 31, 2023, the amount due from Entrepreneur Resorts Limited was converted into 1,739,000 shares of common stock at a price per share of US $2.75. As a result, it has been concluded that no impairment is required.

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