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Intangible Assets, Net
 9 Months Ended
Sep. 30, 2024
Intangible Assets, Net [Abstract]  
Intangible Assets, net

Note 9 – Intangible Assets, net

 

Intangible assets consisted of the following as of September 30, 2024 and December 31, 2023:

 

  

September 30,

2024

  

December 31,

2023

 
   (unaudited)     
Software copyrights  $4,906,210   $3,653,104 
Subtotal   4,906,210    3,653,104 
Less: accumulated amortization   (977,342)   (345,155)
Accumulated impairment   (2,764,068)   
-
 
Total  $1,164,800   $3,307,949 

 

Amortization expense for the three months ended September 30, 2024 and 2023 was $245,136 and $162,500, respectively. Amortization expense for the nine months ended September 30, 2024 and 2023 was $628,834 and $162,500, respectively.

 

Due to limited potential economic benefits for varying reasons for the nine months ended September 30, 2024, the Company recognized impairment losses of $2,756,986 for the nine months ended September 30, 2024, to the software copyrights.