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GOODWILL
 12 Months Ended
Dec. 31, 2021
GOODWILL  
GOODWILL

NOTE 7 — GOODWILL

 

The changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020, are as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Opening balance

 

$1,367,109

 

 

$1,367,109

 

Additions

 

 

4,773,356

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

$6,140,465

 

 

$1,367,109

 

 

The Company’s goodwill is related to the ECHG segment. We evaluate goodwill for impairment annually in the fourth quarter, or when there is reason to believe that the value has been diminished or impaired. Based on the Company’s evaluations, no impairment was required as of December 31, 2021 and 2020.