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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 17 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

As of December 31, 2023 and 2022, accrued expenses and other current liabilities consist of:

 

   2023   2022 
   As of December 31, 
   2023   2022 
       As restated 
Accrued expenses  $723,633   $1,539,791 
Student refunds payable   690,154    571,543 
Sundry payables   629,004    1,007,222 
North West Parks Board   -    955,591 
VAT   288,432    184,977 
Other taxation payable   87,982    121,959 
Total  $2,419,205   $4,381,083 

 

The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge. The amount owed is related to turnover fees, concession fees and interest payable. The balance is nil for December 31, 2023 as a result of spin off.

 

Student refunds payable amounting to $571,543 is restatement in 2022. The amount has been reclassified from deferred revenue to accrued expenses and other current liabilities.