INVESTMENT IN UNCONSOLIDATED ENTITIES

6 Months Ended

Jun. 30, 2022

NOTE 6 - INVESTMENT IN UNCONSOLIDATED ENTITIES

NOTE 6 – INVESTMENT IN UNCONSOLIDATED ENTITIES

The Company accounts for its investment in Viking under the equity method. The Company owns approximately 63% of the outstanding common shares of Viking at June 30, 2022 and December 31, 2021.

Table below shows the changes in the investments in unconsolidated entities for the six-month period ended June 30, 2022 and the year ended December 31, 2021.

	June 30, 2022			December 31, 2021
Carrying amount – beginning of period	$	36,299,592		$	15,830,538
Investment in Viking		-			29,900,000
Proportionate Share of (losses)		(2,004,560	)		(9,430,946	)
Carrying amount - ending	$	34,295,032		$	36,299,592