XML 32 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

14. INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

   June 30,   December 31, 
   2022   2021 
   (Unaudited)   (Audited) 
Trademarks  $894   $941 
System and software   2,594,759    2,126,791 
Subtotal   2,595,653    2,127,732 
Less: accumulated depreciation and amortization   (169,191)   (148,533)
Less: impairment   (1,807,869)   (1,903,059)
Total   618,593    76,140 

 

Amortization expense included in general and administration expenses for the six months ended June 30, 2022 and 2021 was $28,233 and $2,500, respectively. Amortization expense included in cost of sales for the six months ended June 30, 2022 and 2021 was $0 and $0, respectively.