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Acquisition (Tables)

3 Months Ended

Mar. 31, 2023

Acquisition [Abstract]

Schedule of allocation of estimated fair values of net assets acquired and liabilities

Accounts receivable		$	1,407,902
Other receivables			27,701
Other current assets			7,039
Property, plant and equipment, net			53,577
Amount Due from Related Party			38,323
Accrued expenses and other payables			(498,515	)
Net identifiable assets acquired		$	1,036,027
Less: non-controlling interests			131,165
Add: goodwill			17,164,598
Total purchase price for acquisition net of $275,624 of cash		$	18,069,460

Schedule of allocation of estimated fair values of net assets acquired and liabilities

Other receivables		$	242,087
Property, plant and equipment, net			584
Accrued expenses and other payables			(89,888	)
Net identifiable assets acquired		$	152,783
Add: goodwill			628,938
Total purchase price for acquisition net of $166,676 of cash		$	781,721

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- References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

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