GOODWILL

9 Months Ended

Sep. 30, 2022

Following Table Summarizes Changes In Companys Goodwill For Nine Months Ended September 30 2022

GOODWILL

9. GOODWILL

The following table summarizes the changes in the Company’s goodwill for the nine months ended September 30, 2022:

	Goodwill
Balance as of January 1, 2022	$	10,090,000
Acquisition of AVLP		40,890,000
Acquisition of SMC		3,184,000
Acquisition of GIGA		1,271,000
Effect of exchange rate changes		(891,000	)
Balance as of September 30, 2022	$	54,544,000