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INTANGIBLE ASSET | 3 Months Ended
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Mar. 31, 2022
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:
March 31, 202 2
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted Average Useful Life (Years) |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Software development |  | $ | 57,143 |  |  | $ | (26,794 | ) |  | $ | 30,349 |  |  |  | 5 |
Foreign currency translation adjustment |  |  | - |  |  |  | - |  |  |  | 5,906 |  |  |  |  |
Intangible assets, net |  | $ | 57,143 |  |  | $ | (26,794 | ) |  | $ | 36,255 |  |  |  |  |
Amortization expense for intangible assets was $1,618 for the three months period ended March 31, 2022. Expected future intangible asset amortization as of March 31, 2022 was as follows:
Fiscal years: |  |  |
Remaining 2022 |  | $ | 23,558 |
2023 |  |  | 12,697 |

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- 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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- References No definition available. + Details
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Balance Type: | na
Period Type: | duration