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GOODWILL | 9 Months Ended
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Sep. 30, 2022
Following Table Summarizes Changes In Companys Goodwill For Nine Months Ended September 30 2022 |
GOODWILL | 9. GOODWILL The following table summarizes the changes in the Company’s goodwill for the nine months ended September 30, 2022:
|  | Goodwill |
Balance as of January 1, 2022 |  | $ | 10,090,000 |
Acquisition of AVLP |  |  | 40,890,000 |
Acquisition of SMC |  |  | 3,184,000 |
Acquisition of GIGA |  |  | 1,271,000 |
Effect of exchange rate changes |  |  | (891,000 | )
Balance as of September 30, 2022 |  | $ | 54,544,000 |

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