Quarterly report pursuant to Section 13 or 15(d)

3. Acquisition of Subsidiaries (Tables)

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3. Acquisition of Subsidiaries (Tables)
3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Acquisition of subsidiaries
    Amount
Consideration    
Cash   $ 6,000,000  

1,265,823 shares of common stock at fair market value

  4,544,304  
Contingent purchase consideration   24,716,957  
Total purchase consideration   $ 35,261,261  
Recognized amounts of identifiable assets acquired and liabilities assumed        
Cash   26,161  
Other current assets     151,284  
Property and equipment     788  
Other non-current assets     4,000  
Tradenames/Trademarks     1,419,000  
Customer relationships     7,275,000  
Non-compete agreements     2,096,000  
    10,972,233  
Less: liabilities assumed        
Current liabilities assumed   (264,135 )
Non-current liabilities assumed     (205,320 )
Imputed Deferred taxation on identifiable intangible acquired     (2,265,900 )
    (2,735,355 )
Net identifiable assets acquired and liabilities assumed     8,236,878  
Goodwill     27,024,383  
  $ 35,261,261  
Acquisition Combined Earnings
    Revenue   Earnings
                 
Actual for the three months ended March 31, 2022   $ 294,366     $ (321,918
                 
2021 Supplemental pro forma from January 1, 2021 to March 31, 2021   $ 14,248,390     $ (1,109,139