Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The table below set forth the carrying amount of goodwill for the year ended December 31, 2023 and 2022:

	As of December 31, 2023			As of December 31, 2022

Gross carrying amount	$	—		$	—
Acquired in business combination ⁽¹⁾		55,794,524			55,794,524
Total		55,794,524			55,794,524
Accumulated impairment	$	—		$	—
Impairment ⁽²⁾		(39,136,871	)		—
		—			—

Goodwill, net	$	16,657,653		$	55,794,524

(1)

Goodwill acquired during the year ended December 31, 2022 resulted from the acquisition of Fintech as disclosed in Note 1: Organization and business.

Schedule of fair value adjustment

	As of December 31, 2022

Property, plant and equipment, net.	$	21,807
Intangible asset		59,803
Current assets	$	7,239,547
Current liabilities		(4,870,094	)
Net assets acquired	$	2,451,063

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Fintech Scion Ltd 10-K/A