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Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 3 – INTANGIBLE ASSETS

As of March 31, 2021 and December 31, 2020, the Company has the following amounts related to intangible assets:

		Intangible Assets as at:
		March 31,				December 31,				Amortizable
		2021				2020				Life
Amortizable Intangible Assets
		$	1,006,840			$	1,006,840				3 years
Customer Relationship Asset
Purchased Licenses			200,000				200,000				10 years
Less: Accumulated amortization			(950,903	)			(867,000	)
Total Net Amortizable Intangible Assets		$	255,937			$	339,840

The aggregate amortization expense of the Company’s intangible assets for the three months ended March 31, 2021 and 2020 was approximately $83,903 and $123,903, respectively. Total amortization expense for the remainder of 2021 is $70,936. Total amortization expense for 2022 through 2025 is $20,000 per year and $105,001, thereafter.

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- References

No definition available.

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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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