Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

DUE FROM RELATED PARTY

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DUE FROM RELATED PARTY
 12 Months Ended
Dec. 31, 2022
Due From Related Party  
DUE FROM RELATED PARTY

NOTE 6 — DUE FROM RELATED PARTY

 

Due from related parties as of December 31, 2022 and 2021 represents amounts receivable from related entities of the Company. The receivables are unsecured, bear no interest and are due on demand. The due from related parties (Long term) are recoverable within average life of three years.

 

    2022     2021  
    As of December 31,  
    2022     2021  
             
Due from related parties (Short term)                
Accounts Receivable – Shareholders   $ 60,280     $ 20,550  
Due from MSJ Foundation     102,356       —  
Others     188,721       23,695  
Total due from related parties (short term)   $ 351,357     $ 44,245  
                 
Due from related parties (Long term)                
BMV Finance   $ 1,973,144     $ —  
Simon Zutshi     1,268,094       —  
BG3 Ltd.     703,743       —  
Zutshi LLP     380,121       —  
Vision1 Investments     279,845       —  
Crowd Property     260,124       —  
Throckley     208,998       —  
Others     98,187       —  
Property Mastermind International     116,008       —  
Total due from related parties (long term)   $ 5,288,264     $ —  
 Due from related parties   $ 5,639,621     $ 44,245