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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2023
Intangible Assets |
SCHEDULE OF RECONCILIATION OF INTANGIBLE ASSETS | The Group’s intangible assets consist of costs incurred in connection with the development of the Group’s digital education software platform, the acquisition of customer relationships and trademarks. SCHEDULE OF INTANGIBLE ASSETS
|  | Cost |  |  | Adjustment |  |  | Accumulated depreciation |  |  | Impairment |  |  | Carrying amount as of December 31 2023 |  |  | Cost |  |  | Accumulated Depreciation |  |  | Impairment |  |  | Carrying amount as of December 31 2022 |
GeniusU software platform |  | $ | 3,993,719 |  |  | $ | — |  |  | $ | (2,510,139 | ) |  | $ | (1,084,613 | ) |  | $ | 398,967 |  |  | $ | 3,555,491 |  |  | $ | (1,938,698 | ) |  | $ | (1,084,613 | ) |  | $ | 532,180 |
Trade names, trademarks and domain names |  |  | 6,932,945 |  |  |  | 700,000 |  |  |  | — |  |  |  | — |  |  |  | 7,632,945 |  |  |  | 6,932,945 |  |  |  | — |  |  |  | — |  |  |  | 6,932,945 |
Film Library |  |  | — |  |  |  | 4,600,000 |  |  |  | (676,470 | ) |  |  | — |  |  |  | 3,923,530 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Customer list |  |  | — |  |  |  | 4,200,000 |  |  |  | (1,050,000 | ) |  |  | — |  |  |  | 3,150,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Customer Relationship |  |  | 8,964,000 |  |  |  | (8,624,000 | ) |  |  | (194,691 | ) |  |  | — |  |  |  | 145,309 |  |  |  | 8,964,000 |  |  |  | (321,832 | ) |  |  | — |  |  |  | 8,642,168 |
|  | $ | 19,890,664 |  |  | $ | 876,000 |  |  | $ | (4,431,300 | ) |  | $ | (1,084,613 | ) |  | $ | 15,250,751 |  |  | $ | 19,452,436 |  |  | $ | (2,260,530 | ) |  | $ | (1,084,613 | ) |  | $ | 16,107,293 |
A reconciliation of intangible assets for the years ended December 31, 2023 and 2022 are as follows: SCHEDULE OF RECONCILIATION OF INTANGIBLE ASSETS
|  | Carrying amount as of December 31, 2022 |  |  | Software Development Additions |  |  | Acquisition of Intangibles | Impairment | Adjustments |  |  | Amortization Expense |  | Foreign Currency Translation |  | Carrying amount as of December 31, 2023 |
GeniusU software platform |  | $ | 2,470,878 |  |  | $ | 438,228 |  |  |  |  |  | — |  |  | $ | — | - |  |  | $ | 2,909,106 |
Trade names, trademarks and domain names |  |  | 6,932,945 |  |  |  | — |  |  |  |  |  | 700,000 |  |  |  | — |  |  |  |  | 7,632,945 |
Film Library |  |  | - |  |  |  | - |  |  |  |  |  | 4,600,000 |  |  |  | (676,470 | ) |  |  |  | 3,923,530 |
Customer List |  |  | — |  |  |  | — |  |  |  |  |  | 4,200,000 |  |  |  | (1,050,000 | ) |  |  |  | 3,150,000 |
Customer Relationship |  |  | 8,642,168 |  |  |  | — |  |  |  |  |  | (8,624,000 | ) |  |  | 127,141 |  |  |  |  | 145,309 |
Accumulated amortization |  |  | (1,938,698 | ) |  |  | — |  |  |  |  |  | - |  |  |  | (571,441 | ) |  |  |  | (2,510,139 | )
Net carrying value |  | $ | 16,107,293 |  |  | $ | 438,228 |  |  |  |  |  | 876,000 |  |  | $ | (2,170,770 | ) |  |  | $ | 15,250,751 |
|  | Balance |  |  | Software Development Additions |  |  | Acquisition of Intangibles |  |  | Amortization Expense |  |  | Adjustments | Impairment |  |  | Foreign Currency Translation |  |  | Balance |
|  | Carrying amount as of December 31, 2021 |  |  | Software Development Additions |  |  | Acquisition of Intangibles |  |  | Amortization Expense |  |  |  | Impairment |  |  | Foreign Currency Translation |  |  | Carrying amount as of December 31, 2022 |
GeniusU software platform |  | $ | 2,811,496 |  |  | $ | 743,995 |  |  | $ | — |  |  | $ | — |  |  |  | $ | (1,084,613 | ) |  | $ | — |  |  | $ | 2,470,878 |
Trade names, trademarks and domain names |  |  | 13,234 |  |  |  | — |  |  |  | 6,919,356 |  |  |  | — |  |  |  |  | — |  |  |  | 355 |  |  |  | 6,932,945 |
Customer Relationship |  |  | — |  |  |  | — |  |  |  | 8,964,000 |  |  |  | (321,832 | ) |  |  |  | — |  |  |  | — |  |  |  | 8,642,168 |
Accumulated amortization |  |  | (1,429,761 | ) |  |  | — |  |  |  | — |  |  |  | (508,937 | ) |  |  |  | — |  |  |  | — |  |  |  | (1,938,698 | )
Net carrying value |  | $ | 1,394,969 |  |  | $ | 743,995 |  |  | $ | 15,883,356 |  |  | $ | (830,769 | ) |  |  | $ | (1,084,613 | ) |  | $ | 355 |  |  | $ | 16,107,293 |
SCHEDULE OF RECONCILIATION OF INTANGIBLE ASSETS | A reconciliation of intangible assets for the years ended December 31, 2023 and 2022 are as follows: SCHEDULE OF RECONCILIATION OF INTANGIBLE ASSETS
|  | Carrying amount as of December 31, 2022 |  |  | Software Development Additions |  |  | Acquisition of Intangibles | Impairment | Adjustments |  |  | Amortization Expense |  | Foreign Currency Translation |  | Carrying amount as of December 31, 2023 |
GeniusU software platform |  | $ | 2,470,878 |  |  | $ | 438,228 |  |  |  |  |  | — |  |  | $ | — | - |  |  | $ | 2,909,106 |
Trade names, trademarks and domain names |  |  | 6,932,945 |  |  |  | — |  |  |  |  |  | 700,000 |  |  |  | — |  |  |  |  | 7,632,945 |
Film Library |  |  | - |  |  |  | - |  |  |  |  |  | 4,600,000 |  |  |  | (676,470 | ) |  |  |  | 3,923,530 |
Customer List |  |  | — |  |  |  | — |  |  |  |  |  | 4,200,000 |  |  |  | (1,050,000 | ) |  |  |  | 3,150,000 |
Customer Relationship |  |  | 8,642,168 |  |  |  | — |  |  |  |  |  | (8,624,000 | ) |  |  | 127,141 |  |  |  |  | 145,309 |
Accumulated amortization |  |  | (1,938,698 | ) |  |  | — |  |  |  |  |  | - |  |  |  | (571,441 | ) |  |  |  | (2,510,139 | )
Net carrying value |  | $ | 16,107,293 |  |  | $ | 438,228 |  |  |  |  |  | 876,000 |  |  | $ | (2,170,770 | ) |  |  | $ | 15,250,751 |
|  | Balance |  |  | Software Development Additions |  |  | Acquisition of Intangibles |  |  | Amortization Expense |  |  | Adjustments | Impairment |  |  | Foreign Currency Translation |  |  | Balance |
|  | Carrying amount as of December 31, 2021 |  |  | Software Development Additions |  |  | Acquisition of Intangibles |  |  | Amortization Expense |  |  |  | Impairment |  |  | Foreign Currency Translation |  |  | Carrying amount as of December 31, 2022 |
GeniusU software platform |  | $ | 2,811,496 |  |  | $ | 743,995 |  |  | $ | — |  |  | $ | — |  |  |  | $ | (1,084,613 | ) |  | $ | — |  |  | $ | 2,470,878 |
Trade names, trademarks and domain names |  |  | 13,234 |  |  |  | — |  |  |  | 6,919,356 |  |  |  | — |  |  |  |  | — |  |  |  | 355 |  |  |  | 6,932,945 |
Customer Relationship |  |  | — |  |  |  | — |  |  |  | 8,964,000 |  |  |  | (321,832 | ) |  |  |  | — |  |  |  | — |  |  |  | 8,642,168 |
Accumulated amortization |  |  | (1,429,761 | ) |  |  | — |  |  |  | — |  |  |  | (508,937 | ) |  |  |  | — |  |  |  | — |  |  |  | (1,938,698 | )
Net carrying value |  | $ | 1,394,969 |  |  | $ | 743,995 |  |  | $ | 15,883,356 |  |  | $ | (830,769 | ) |  |  | $ | (1,084,613 | ) |  | $ | 355 |  |  | $ | 16,107,293 |

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