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Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 3 – INTANGIBLE ASSETS

As of December 31, 2020, the Company has the following amounts related to intangible assets:

		Intangible Assets as at:
		December 31,				December 31,				Amortizable
		2020				2019				Life
Amortizable Intangible Assets
Customer Relationship Asset		$	1,006,840			$	1,006,840			3 years
Purchased Licenses			200,000				200,000			10 years
Less: Accumulated amortization			(867,000	)			(531,388	)
Total Net Amortizable Intangible Assets		$	339,840			$	675,452

The aggregate amortization expense of the Company’s intangible assets for the year ended December 31, 2020 and 2019 was approximately $335,612, respectively. Amortization expense for 2021 will be approximately $339,840.

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- References

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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