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NON-CONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2021
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Ownership Interest
The following summarizes the redeemable common stock adjustments pertaining to the non-controlling interest from April 1, 2021 through December 31, 2021:
Temporary Equity Adjustments
Balance- April 1, 2021 (1)
$(2,877,584)
Net losses for the three months ended June 30, 2021(2,235,219)
Maximum redemption right valuation (2)
172,774,052 
Balance- June 30, 2021$167,661,249 
Net losses for the three months ended September 30, 2021(4,328,460)
Adjustment of mezzanine equity to redemption amount (3)
79,669,600 
Balance- September 30, 2021$243,002,389 
Net losses for the three months ended December 31, 2021(8,594,196)
Adjustment of mezzanine equity to redemption amount (4)
66,644,424 
Balance- December 31, 2021$301,052,617 
1 As of the date of reorganization- refer to Note 1
2 Based on 27,057,600 Common Class V shares outstanding at $6.39 issuance price as of April 1, 2021
3 Based on 27,057,600 Common Class V shares outstanding at $9.33 fair valuation price as of September 30, 2021
4 Based on 27,057,600 Common Class V shares outstanding at $11.79 fair valuation price as of December 31, 2021, using a 10-day variable weighted average price of trading dates; including the closing date
Schedule of Stockholders Equity
The following summarizes the permanent equity adjustments pertaining to the non-controlling interest from November 2, 2021 (date of issuance) through December 31, 2021:

Permanent Equity Adjustments
Balance- November 2, 2021 (1)
$38,315,520 
Net losses(645,359)
Balance- December 31, 2021$37,670,161 
1 As of November 2, 2021, the date of issuance. 1,152,000 Series A Preferred units outstanding at $33.26 per public trading share price (Nasdaq closing price)