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GOODWILL | 9 Months Ended
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Sep. 30, 2020
Intangible Assets, Net (Including Goodwill) [Abstract] |
GOODWILL | 8. GOODWILL The Company’s goodwill relates to the acquisition of a controlling interest in Microphase on June 2, 2017 and the acquisition of Enertec on May 22, 2018. The following table summarizes the changes in our goodwill during the nine months ended September 30, 2020:
|  | Goodwill |
Balance as of January 1, 2020 |  | $ | 8,100,947 |
Effect of exchange rate changes |  |  | 21,490 |
Balance as of September 30, 2020 |  | $ | 8,122,437 |

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