| DUE FROM RELATED PARTY |
NOTE
4 — DUE FROM RELATED PARTY
Due
from related parties as of June 30, 2023 and December 31, 2022 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.
SCHEDULE
OF DUE FROM RELATED PARTIES
| |
|
As
of June 30,
2023
|
|
|
As of December 31, 2022 |
|
| |
|
|
|
|
|
|
| Due from related parties (Short term) |
|
|
|
|
|
|
|
|
| Accounts Receivable – Shareholders |
|
$ |
86,200 |
|
|
$ |
60,280 |
|
| Due from MSJ Foundation |
|
|
21,302 |
|
|
|
102,356 |
|
| Others |
|
|
144,558 |
|
|
|
188,721 |
|
| Total due from related parties (short term) |
|
$ |
252,060 |
|
|
$ |
351,357 |
|
| |
|
|
|
|
|
|
|
|
| Due from related parties (Long term) |
|
|
|
|
|
|
|
|
| BMV Finance |
|
$ |
2,068,113 |
|
|
$ |
1,973,144 |
|
| Simon Zutshi |
|
|
1,350,206 |
|
|
|
1,268,094 |
|
| BG3 Ltd. |
|
|
737,614 |
|
|
|
703,743 |
|
| Zutshi LLP |
|
|
398,417 |
|
|
|
380,121 |
|
| Vision1 Investments |
|
|
293,313 |
|
|
|
279,845 |
|
| Crowd Property |
|
|
272,644 |
|
|
|
260,124 |
|
| Throckley |
|
|
219,057 |
|
|
|
208,998 |
|
| Others |
|
|
103,114 |
|
|
|
98,187 |
|
| Property Mastermind International |
|
|
123,769 |
|
|
|
116,008 |
|
| Total due from related parties (long term) |
|
$ |
5,566,247 |
|
|
$ |
5,288,264 |
|
| Due from related parties |
|
$ |
5,818,307 |
|
|
$ |
5,639,621 |
|
|
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.
SCHEDULE OF DUE FROM RELATED PARTIES
| |
|
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 |
|
|