Registration statement for securities of certain foreign private issuers

DEFERRED REVENUE (Tables)

v3.23.2
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