Acquisition of SimsonMaxwell (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||
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Aug. 06, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2021 |
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Noncontrolling interest | $ (583,774) | $ 0 | $ (1,132,628) | $ 0 | ||
Simmax Corp | ||||||
Goodwill reduced | 252,290 | 0 | ||||
Class A Common Shares purchase | 1,462 | |||||
Class A Common Shares purchase price | $ 3,198,936 | |||||
Purchase price of stock | $ 4,799,009 | |||||
Owning | 2,436 | |||||
Acquisition description | 2/3rds majority of the Board to vote for changes in the capital budget of the Company, capital expenditures in excess of $250k and other provisions generally considered to be participatory rights, which would preclude Viking from consolidating Simson-Maxwell. | |||||
Increased value of fixed assets | $ 419,543 | 419,543 | ||||
Noncontrolling interest | $ (5,081,527) | $ (4,914,274) |
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- Definition A textual description of the purchase or acquisition through business combination of an asset or business through a noncash (or part noncash) transaction. The description would be expected to include sufficient information to provide an understanding of the nature and purpose of the purchase or business combination, as well as the asset acquired and the noncash consideration given (that is, debt, stock, and so forth). Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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