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

GOODWILL (Tables)

v3.23.1
GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2022
SCHEDULE OF CHANGES IN GOODWILL

Changes in goodwill are as follows during the years ended December 31, 2022 and 2021:

 

Balance as of December 31, 2020   $ 1,209,953  
Additions - Foreign currency translation     110,147  
Balance as of December 31, 2021     1,320,100  
Less: Foreign currency translation     (113,150 )
Additions - Goodwill on new acquisitions     50,399,733  
Less: Impairment     (20,053,893 )

Less: Goodwill tax adjustment

    

136,097
    $ 31,688,887