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Intangible Assets, Net
 6 Months Ended
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