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INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

 

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

 

   Intangible Assets as at:     
   September 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 
Website domain name   22,231    -    3 years 
Less: accumulated amortization   (1,207,457)   (867,000)     
Total net amortizable intangible assets  $21,614   $339,840      

 

The aggregate amortization expense of the Company’s intangible assets for the nine months ended September 30, 2021 and 2020 was $340,457 and $251,709, respectively. Total amortization expense for the remainder of 2021 is $1,853. Total amortization expense for 2022 through 2023 is $7,410 per year and $4,941 for 2024. There is no intangible asset amortization to be recognized thereafter.