Goodwill

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

12. Goodwill

Balance as of January 1, 2021	$	-
Acquisition of Hitrans		1,606,518
Foreign exchange adjustment		38,714
Balance as of January 1, 2022		1,645,232
Foreign exchange adjustment		(174,328	)
Balance as of September 30, 2022	$	1,470,904

The Company performed goodwill impairment test at the reporting unit level on an annual basis and between annual tests when an event occurs or circumstances change indicating the asset might be impaired. No impairment loss of Goodwill of the reporting unit of Hitrans was recognized for the three and nine months ended September 30, 2022.