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INTANGIBLE ASSET

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

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

NOTE 5 - 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:

December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life (Years)

Intangible assets:
Software development	$	57,143	$	(11,696	)	$	45,447		5
Foreign currency translation adjustment		-		-			3,582
Intangible assets, net	$	57,143	$	(11,696	)	$	49,029

Amortization expense for intangible assets was $11,696 for the year ended December 31, 2020.

Expected future intangible asset amortization as of December 31, 2020 was as follows:

Fiscal years:
Remaining 2020	$	49,029
2021		36,772
2022		24,515
2023		12,257