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Noncontrolling Interests | 12 Months Ended
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Dec. 31, 2021
Noncontrolling Interests |
Noncontrolling Interests | Note 17 – Noncontrolling Interests A reconciliation of non-controlling interest as of December 31, 2021 and 2020 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2021 | ​ | 2020
Beginning Balance | ​ | $ | 638,846 | ​ | $ | 4,346,216
Proportionate shares of net loss | ​ |  | (2,334,853) | ​ |  | (3,501,808)
Foreign currency translation adjustment | ​ |  | (28,620) | ​ |  | (205,562)
Total | ​ | $ | (1,724,627) | ​ | $ | 638,846
​ As of December 31, 2021 and 2020, 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 http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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