Quarterly report pursuant to Section 13 or 15(d)

4. Acquisition of subsidiaries (Tables)

v3.23.1
4. Acquisition of subsidiaries (Tables)
3 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Acquisition of subsidiaries
    Amount
Consideration        
3,018,461 shares of common stock at fair market value   1,735,615  
Total purchase consideration   $ 1,735,615  
         
Recognized amounts of identifiable assets acquired and liabilities assumed        
Cash   $ 94,450  
Accounts receivable – Related party     555,634  
Other Current assets     22,377  
Property and equipment     36,135  
Right-of-use assets     47,335  
    $ 755,931  
Less: liabilities assumed        
Current liabilities assumed   $ (425,882 )
Related party payables     (130,278 )
Operating lease liabilities     (47,335 )
Non-current liabilities assumed     (171,051 )
    $ (774,546 )
Net identifiable assets acquired and liabilities assumed     (18,615 )
Goodwill     1,754,230  
    $ 1,735,615  
Acquisition Combined Earnings
    Revenue   Earnings
                 
Actual for the period from acquisition to March 31, 2023   $        $ (9,433 )
                 
2023 supplemental pro forma from January 1, 2023 to March 31, 2023   $ 12,432,146     $ (2,322,347 )
                 
2022 supplemental pro forma from January 1, 2022 to March 31, 2022   $ 12,237,047     $ (2,594,794 )