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

DEFERRED REVENUE (Tables)

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DEFERRED REVENUE (Tables)
 12 Months Ended
Dec. 31, 2022
SUMMARY OF DEFERRED REVENUE

As of December 31, 2022 and 2021, deferred revenue consists of:

 

                 
    As of December 31,  
    2022     2021  
Educational revenue paid in advance   $ 5,594,979     $ 1,630,723  
Other prepaid income     583,797       638,473  
Advance bookings for lodges     213,217       292,716  
 Total   $ 6,391,993     $ 2,561,912  
SCHEDULE OF RECONCILIATION OF DEFERRED REVENUE

A reconciliation of deferred revenue for the years ended December 31, 2022 and 2021 are as follows:

 

    2022     2021  
    As of December 31,  
    2022     2021  
Deferred revenue, beginning balance   $ 2,561,912     $ 1,546,712  
Addition     6,180,022       1,773,994  
Revenue earned     (2,349,941 )     (758,794 )
Deferred revenue, ending balance   $ 6,391,993     $ 2,561,912