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NOTE 17. NON-CONTROLLING INTEREST
3 Months Ended
Mar. 31, 2023
Noncontrolling Interest [Abstract]  
NOTE 17. NON-CONTROLLING INTEREST

NOTE 17. NON-CONTROLLING INTEREST

 

The Company acquired 52% of Quality International for $82,000,000, now owning 52% of net assets of Quality International. Net Assets of Quality International was $49,255,718 on December 31, 2022. The remaining $56,387,027 of the purchase price is a part of the Company’s Goodwill (see financial footnote). Furthermore, current quarter earnings of the subsidiaries where the company doesn’t hold 100% ownership has been transferred to Non-Controlling Interest in the respective shareholding ratio.