|9 Months Ended|
Sep. 30, 2022
Note 10. Noncontrolling Interests
As described in Note 5, on October 18, 2021, the Company acquired 60.5% of Simson-Maxwell. At the time of the acquisition, the fair value of the noncontrolling interest was independently determined by a valuation specialist.
The following discloses the effects of changes in the Company’s ownership interest in Simson-Maxwell, and on the Company’s equity for nine months ended September 30, 2022:
As described in Note 8, during January and February 2022, the Company acquired a 51% interest in Viking Ozone, Viking Sentinel and Viking Protection, all of which have been identified as variable interest entities.
The following discloses the effects of the Company’s ownership interest in these three entities in the aggregate, and on the Company’s equity for nine months ended September 30, 2022: