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CONTRACT LIABILITIES | 12 Months Ended
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Dec. 31, 2023
Contract Liabilities |
CONTRACT LIABILITIES | NOTE 18 — CONTRACT LIABILITIES As of December 31, 2023 and 2022, contract liability consists of: SUMMARY OF CONTRACT LIABILITY
|  | 2023 |  |  | 2022 |
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  |  |  |  | As restated |
Educational revenue paid in advance |  | $ | 2,580,097 |  |  | $ | 5,594,979 |
Other prepaid income |  |  | - |  |  |  | 12,254 |
Advance bookings for lodges |  |  | 170,040 |  |  |  | 213,217 |
Total |  | $ | 2,750,137 |  |  | $ | 5,820,450 |
A reconciliation of contract liability for the years ended December 31, 2023 and 2022 are as follows: SCHEDULE OF RECONCILIATION OF DEFERRED REVENUE
|  | 2023 |  |  | 2022 |
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  |  |  |  | As restated |
Contract liabilities, beginning balance |  | $ | 5,820,450 |  |  | $ | 2,561,912 |
Addition |  |  | 2,243,992 |  |  |  | 5,608,479 |
Revenue earned |  |  | (5,314,305 | ) |  |  | (2,349,941 | )
Contract liabilities, ending balance |  | $ | 2,750,137 |  |  | $ | 5,820,450 |
Other prepaid income amounting to $571,543 is restatement in 2022. The amount has been reclassified from deferred revenue to accrued expenses and other current liabilities.

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