XML 24 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
GOODWILL
 6 Months Ended
Jun. 30, 2022
Following Table Summarizes Changes In Companys Goodwill For Six Months Ended June 30 2022  
GOODWILL

9. GOODWILL

 

The Company’s goodwill increased due to the acquisition of controlling interests in AVLP on June 1, 2022 and SMC on June 15, 2022. The following table summarizes the changes in the Company’s goodwill for the six months ended June 30, 2022:

 

   Goodwill 
 Balance as of January 1, 2022  $10,090,000 
 Acquisition of AVLP   42,775,000 
 Acquisition of SMC   3,184,000 
 Effect of exchange rate changes   (727,000)
 Balance as of June 30, 2022  $55,322,000