NOTE 11 – GOODWILL
The following table summarizes
the carrying amount of goodwill:
| Beginning balance – January 1, 2023 | |
$ | – | |
| Miflink
business combination(1) | |
| 5,197,438 | |
| Impairment | |
| – | |
| Ending balance – December 31, 2023 | |
| 5,197,438 | |
| Impairment | |
| – | |
| Ending balance – December 31, 2024 | |
$ | 5,197,438 | |
| (1) | Represents the addition of goodwill from the acquisition of Miflink. See Note 5 — Acquisitions for further acquisition related details. |
There was no impairment
of goodwill for the years ended December 31, 2024, 2023 and 2022.
|