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Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Intangible Assets, Net [Abstract]  
Intangible Assets, Net

Note 10 – Intangible Assets, net

 

Intangible assets consisted of the following as of December 31, 2023:

 

   December 31,
2023		 
Software  $3,653,104 
Subtotal   3,653,104 
Less: accumulated amortization   (345,155)
Total  $3,307,949 

 

The Company’s intangible assets include a software of $750,000 purchased from a third party by issuance of 180,000 of the Company’s common stock (as disclosed in Note 17) and software of $2,903,104 purchased by the Company in cash. The Company amortizes its software over their estimated useful lives and reviews these assets for impairment.

 

Amortization expense for the year ended December 31, 2023 was $345,155.