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INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

As of June 30, 2021 and December 31, 2020, the Company has the following amounts related to intangible assets:

 SCHEDULE OF INTANGIBLE ASSETS

		Intangible Assets as at:
		June 30,				December 31,				Amortizable
		2021				2020				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			(1,206,840	)			(867,000	)
Total net amortizable intangible assets		$	-			$	339,840

The aggregate amortization expense of the Company’s intangible assets for the six months ended June 30, 2021 and 2020 was approximately $339,840 and $167,806, respectively. There is no intangible asset amortization expense to be recognized in future periods as of June 30, 2021.

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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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