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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

 

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

 

   Intangible Assets as at:     
   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   (1,209,310)   (867,000)     
Total net amortizable intangible assets  $19,761   $339,840      

 

The aggregate amortization expense of the Company’s intangible assets for the years ended December 31, 2021 and 2020 was $342,310 and $335,612, respectively. Total amortization expense for 2022 and 2023 is $7,410 per year and $4,941 for 2024. There is no intangible asset amortization to be recognized thereafter.