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Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net | 10. Intangible Assets, net Intangible assets as of December 31, 2021 and June 30, 2022 consisted of the followings:
|  | December 31, 2021 |  |  | June 30, 2022 |
Computer software at cost |  | $ | 108,560 |  |  | $ | 102,982 |
Sewage discharge permit* |  |  | 1,915,740 |  |  |  | 1,817,285 |
|  |  | 2,024,300 |  |  |  | 1,920,267 |
Accumulated amortization |  |  | (62,561) |  |  |  | (326,210 | )
|  | $ | 1,961,739 |  |  | $ | 1,594,057 |
Amortization expenses were $688 and $144,508 for the three months ended June 30, 2021 and 2022, respectively. Amortization expenses were $1,374 and $276,079 for the six months ended June 30, 2021 and 2022, respectively.
* | The Company has not yet obtained the ownership of sewage discharge permit in its Zhejiang manufacturing facilities with a carrying amount of $1,898,675 as of December 31, 2021. The sewage discharge permit was registered under the name of New Era (note 11). The Company has obtained a five years sewage discharge permit on January 27, 2022.
Total future amortization expenses for finite-lived intangible assets as of June 30, 2022 were estimated as follows:
Remainder of 2022 |  |  | $ | 248,478 |
2023 |  |  |  | 496,802 |
2024 |  |  |  | 496,291 |
2025 |  |  |  | 329,467 |
2026 |  |  |  | 5,782 |
Thereafter |  |  |  | 17,237 |
Total |  |  | $ | 1,594,057 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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