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Noncontrolling Interests | 6 Months Ended
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Jun. 30, 2022
Noncontrolling Interests |
Noncontrolling Interests | Note 15 – Noncontrolling Interests A reconciliation of non-controlling interest as of June 30, 2022 and December 31, 2021 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2022 | ​ | 2021
Beginning Balance | ​ | $ | (1,724,627) | ​ | $ | 638,846
Proportionate shares of net loss | ​ |  | (227,218) | ​ |  | (2,334,853)
Foreign currency translation adjustment | ​ |  | 7,362 | ​ |  | (28,620)
Total | ​ | $ | (1,944,483) | ​ | $ | (1,724,627)
​ As of June 30, 2022 and December 31, 2021, the noncontrolling interests balances represented the noncontrolling shareholder’s 30% equity interests in Shangchi Automobile (formerly known as Suzhou E-Motors) and its subsidiary Shenzhen Yimao.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI https://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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