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

DEFERRED REVENUE

v3.22.1
DEFERRED REVENUE
12 Months Ended
Dec. 31, 2021
DEFERRED REVENUE  
DEFERRED REVENUE

NOTE 16 — DEFERRED REVENUE

As of December 31, 2021 and 2020, deferred revenue consists of:

As of December 31,

2021

    

2021

Advance bookings for lodges

$

293,716

$

379,305

Educational revenue paid in advance

1,630,723

1,026,700

Other prepaid income

 

638,473

 

140,707

Total

$

2,561,912

$

1,546,712

An analysis of contractual obligations is as follows:

    

As of December 31,

    

2021

    

2021

Deferred revenue, beginning

$

1,546,712

$

3,231,431

Addition

 

1,773,994

 

1,220,972

Usage

 

(758,794)

 

(2,905,691)

Deferred revenue, ending

$

2,561,912

$

1,546,712