Registration statement for securities of certain foreign private issuers

DUE FROM RELATED PARTY

v3.23.3
DUE FROM RELATED PARTY
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Due From Related Party    
DUE FROM RELATED PARTY

NOTE 4DUE 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.

 

   

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.

 

    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