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GOODWILL AND INDEFINITE LIVED INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INDEFINITE LIVED INTANGIBLE ASSETS | 8. GOODWILL AND INDEFINITE LIVED INTANGIBLE ASSETS SCHEDULE OF GOODWILL AND INDEFINITE LIVED INTANGIBLE ASSETS
Goodwill |  |  |  |
Balance as of December 31, 2020 |  | $ | 2,534,275 |
Additions |  |  | - |
Impairment |  |  | - |
Balance as of December 31, 2021 and June 30, 2022 |  | $ | 2,534,275 |
Indefinite Lived Intangible Assets |  |  |  |
Balance as of December 31, 2020 |  | $ | 770,000 |
Additions |  |  | - |
Impairment |  |  | - |
Balance as of December 31, 2021 and June 30, 2022 |  | $ | 770,000 |
Goodwill relates to the acquisition of ENP Investments. Indefinite lived intangible assets consist of trade secrets and trademarks related to the acquisition of ENP Investments.
Definite Life Intangible Assets |  |  |  |
Balance as of December 31, 2019 |  | $ | 2,006,000 |
Amortization |  |  | (176,000 | )
Balance as of December 31, 2021 |  |  | 1,830,000 |
Amortization |  |  | (80,000 | )
Balance as of June 30, 2022 |  | $ | 1,750,000 |
Definite life intangible assets consist of customer relationships and software related to the acquisition of ENP Investments. Customer relationships and software are amortized over their estimated useful life of 15 years and 3 years, respectively. Estimated amortization expense over the next five years is as follows: SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE
2022 |  | $ | 160,000 |
2023 |  |  | 160,000 |
2024 |  |  | 160,000 |
2025 |  |  | 160,000 |
2026 |  |  | 160,000 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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