Non-Controlling Interest

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Text Block [Abstract]

Non-Controlling Interest

NOTE 14 – NON-CONTROLLING INTEREST

In April 2019, the Company obtained control over Agnity as a party to the modified Royalty Purchase Agreement (“Royalty Agreement”). The transaction was accounted for as a business combination, and given the Company had no voting rights, the non-controlling interest (“NCI”) was measured at 100% of the acquired net identifiable assets of Agnity at the transaction date. See Note 18(a) for activity subsequent to June 30, 2022.

	June 30, 2022			December 31, 2021
					Recast (Note 2)
NCI percentage		100%			100%
Current assets	$	8,923,871		$	11,906,502
Non-current assets		4,512,625			5,111,714
Current liabilities		(11,141,684	)		(8,752,552	)
Non-current liabilities		(4,510,938	)		(5,598,783	)
Net assets (liabilities) attributable to NCI	$	(2,216,126	)	$	2,666,881
For the six months ended	June 30, 2022			June 30, 2021
					Recast (Note 2)
Revenue	$	1,761,613		$	6,010,328
(Loss) income allocated to NCI		(4,805,598	)		449,017
Other comprehensive income allocated to NCI		53,389			221,545
Total comprehensive (loss) income attributable to NCI	$	(4,752,209	)	$	670,562
Cash flows (used in) provided by operating activities	$	(209,162	)		1,396,859
Cash flows (used in) investing activities		(8,790	)		(309,586	)
Cash flows provided by (used in) financing activities		90,633			(387,222	)
Foreign exchange impact on cash held in USD		125			15,283
Net (decrease) increase in cash and cash equivalents	$	(127,194	)	$	715,334

NOTE 21 – NON-CONTROLLING INTEREST

In April 2019, the Company obtained control over Agnity and its subsidiaries via a business combination and the non-controlling interest (“NCI”) was measured at 100% of the acquired net identifiable assets of Agnity at the date of acquisition. Agnity develops and sells software applications and technology services that enable telecommunication service providers, network equipment manufacturers and enterprises to design, develop, and deploy communication-centric application solutions on a world-wide basis. Having control of Agnity has enabled the Company to gain access to Agnity’s patented technology and its customer base. In addition, Agnity’s communication platform ensures that AssetCare deployments around the globe are assured of connectivity, supported by Agnity telecommunication solutions.

The movement in the equity attributable to the non-controlling interest in the Company is detailed in the consolidated statements of changes in equity. There was no change to the non-controlling interest percentage in the years ended December 31, 2021, 2020 or 2019.

The following table summarizes the information relating to Agnity before any intercompany eliminations.

						December 31, 2021			December 31, 2020
NCI percentage						100%			100%
				Recast (Note 2)			Recast (Note 2)
Current assets					$	11,906,502		$	7,778,252
Non-current assets						5,111,714			8,081,135
Current liabilities						(8,752,552)			(7,107,244)
Non-current liabilities						(5,598,783)			(6,185,049)
Net assets attributable to NCI					$	2,666,881		$	2,567,094
For the years ended			December 31, 2021			December 31, 2020			December 31, 2019
	Recast (Note 2)			Recast (Note 2)			Recast (Note 2)
Revenue		$	11,966,226		$	11,548,811		$	6,010,753
Income (loss) allocated to NCI			63,387			1,586,588			590,056
Other comprehensive income allocated to NCI			138,655			159,749			176,711
Total comprehensive income attributable to NCI		$	202,042		$	1,746,337		$	766,767
Cash flows (used in) provided by operating activities		$	(1,859,900)			(405,548)			483,245
Cash flows used in investing activities			(578,483)			–			(3,731)
Cash flows (used in) provided by financing activities			2,081,137			655,347			(417,068)
Foreign exchange impact on cash held in USD			(6,383)			155,274			5,976
Net (decrease) increase in cash and cash equivalents		$	(363,629)		$	405,073		$	68,422