Registration statement for securities of certain foreign private issuers

DEFERRED REVENUE

v3.23.3
DEFERRED REVENUE
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Notes and other explanatory information [abstract]    
DEFERRED REVENUE

NOTE 15 — DEFERRED REVENUE

 

As of June 30, 2023 the nature of deferred revenue is substantially similar to December 31, 2022

 

NOTE 17 — 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  

 

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