BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2022

BUSINESS COMBINATION [Abstract]

Assets Acquired and Liabilities Assumed

On the acquisition date March 25, 2022, the allocation of the consideration of the assets acquired and liabilities assumed based on their fair value was as follows:

	Amount
Cash and cash equivalents	$	1,118,700
Inventories (1)		6,144,219
Other current assets		3,209,947
Intangible assets		3,075,800
Goodwill (2)		11,409,990
Other non-current assets		580,748
Total assets		25,539,404
Loan from CAE		(13,072,150	)
Deferred tax liabilities (3)		(922,740	)
Other liabilities		(6,419,070	)
Total liabilities		(20,413,960	)
Total net assets		5,125,444
Less: Non-controlling interest		1,555,320
Net assets acquired by the Company		3,570,124