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Cash Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2024

Cash Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted Cash

3. Cash, Cash Equivalents and Restricted Cash

As of March 31, 2024 and December 31, 2023, insured and uninsured cash including the balance classified as restricted cash were as follows:

		March 31, 2024				December 31, 2023
		(Unaudited)
US Segment
Insured cash		$	722,937			$	818,534
Uninsured cash			4,214,360				813,199
			4,937,297				1,631,733
China Segment
Insured cash			241,526				295,503
Uninsured cash			107,467				966,580
			348,993				1,262,083
Total cash and cash equivalents & restricted cash			5,286,291				2,893,816
Less: Cash and cash equivalents			4,929,781				2,539,312
Restricted cash		$	356,510			$	354,504

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- References

No definition available.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

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