GOODWILL

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

NOTE 9: GOODWILL

As of March 31, 2023, all goodwill was held by Recoup. The Company’s goodwill was $7,292,885 as of March 31, 2023. As of December 31, 2022, the Company did not have any goodwill due to its disposal of Rohuma, Mimo, and TSP. Due to the Company’s acquisition of Recoup and the resulting recognition of goodwill from the acquisition, the Company plans on analyzing goodwill for impairment for each future reporting period.

For the three months ended March 31, 2023 there were no indicators of impairment noted. For the quarter ended March 31, 2022, for the purposes of the retrospective presentation of the disposal of Rohuma and Mimo, the Company fully impaired the Rohuma and Mimo goodwill resulting in impairment expense of $5,863,057, which is included in net loss from discontinued operations, before the provisions for income taxes, on the consolidated statements of operations and comprehensive loss.