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GOODWILL (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF ESTIMATES OF ACQUISITION FAIR VALUE

The table below reflects the Company’s estimates of the acquisition date fair value of the assets acquired and liabilities assumed for the 2022 and 2023 acquisition:

 

   MOC   HTL 
Acquisition Date  October 4, 2022   June 14, 2023 
         
Purchase Price          
Cash  $70,523   $214,993 
Total purchase consideration   70,523    214,993 
           
Purchase Price Allocation          
Assets acquired          
Current assets   32,700    15,098 
Property and Equipment, net   11,266    1,485 
Operating lease right-of-use assets, net   114,232    16,516 
Total assets acquired   158,198    33,099 
           
Liabilities assumed:          
Current liabilities   (33,437)   (20,885)
Operating lease liability   (114,232)   (11,395)
Accrued taxes   (349)   - 
Total liabilities assumed   (148,018)   (32,280)
           
Net assets acquired   10,180    819 
Goodwill   60,343    214,174 
Total purchase consideration  $70,523   $214,993 
SCHEDULE OF GOODWILL

The following table summarizes changes in the carrying amount of goodwill at September 30, 2023 and December 31, 2022

 

  

September 30,

2023

  

December 31,

2022

 
         
Balance at beginning of the period/year  $60,343   $- 
Acquisitions   214,174    60,343 
Foreign currency exchange adjustment   (72)     
Balance as of end of the period/year  $274,445   $60,343