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INTANGIBLE ASSET

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

INTANGIBLE ASSET

NOTE 6 - INTANGIBLE ASSET

NOTE 6 - INTANGIBLE ASSET

Intangible asset is software development cost incurred by company, it will be amortized on a straight line basis over the estimated useful life of 5 years as follow:

June 30, 2021
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Weighted Average Useful Life (Years)
Intangible assets:
Software development		$	57,143			$	(6,206	)		$	50,937				5
Foreign currency translation adjustment			-				-				(7,526	)
Intangible assets, net		$	57,143			$	(6,206	)		$	43,411

Amortization expense for intangible assets was $6,206 for the six months period ended June 30, 2021.

Expected future intangible asset amortization as of June 30, 2021 was as follows:

Fiscal years:
Remaining 2021		$	6,206
2022			12,412
2023			12,412
Thereafter			12,381

X

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

+ Details

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration