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Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | 13. INTANGIBLE ASSETS Intangible assets consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (Unaudited) |  |  | (Audited) |
Trademarks |  | $ | 845 |  |  | $ | 941 |
System and software |  |  | 2,540,463 |  |  |  | 2,126,791 |
Subtotal |  |  | 2,541,308 |  |  |  | 2,127,732 |
Less: accumulated depreciation and amortization |  |  | (178,568 | ) |  |  | (148,533 | )
Less: impairment |  |  | (1,708,968 | ) |  |  | (1,903,059 | )
Total |  |  | 653,772 |  |  |  | 76,140 |
Amortization expense included in general and administration expenses for the nine months ended September 30, 2022 and 2021 was $45,699 and $3,750, respectively. Amortization expense included in cost of sales for the nine months ended September 30, 2022 and 2021 was $0 and $0, respectively. The estimated amortization is as follows:
As of September 30, |  | Estimated amortization expense |
From October 1, 2022 to September 30, 2023 |  | $ | 71,170 |
From October 1, 2023 to September 30, 2024 |  |  | 71,170 |
From October 1, 2024 to September 30, 2025 |  |  | 71,088 |
From October 1, 2025 to September 30, 2026 |  |  | 70,923 |
From October 1, 2026 to September 30, 2027 |  |  | 70,923 |
Thereafter |  |  | 298,498 |
Total |  | $ | 653,772 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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