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Intangible Assets
 9 Months Ended
Sep. 30, 2023
Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

13. INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

   September 30,   December 31, 
   2023   2022 
         
Trademarks  $836    862 
System and software   2,518,547    2,578,647 
Subtotal   2,519,383    2,579,509 
Less: accumulated depreciation and amortization   (237,536)   (199,151)
Less: impairment   (1,806,554)   (1,862,289)
Total  $475,293   $518,069 

 

Amortization expense included in general and administration expenses for the nine months ended September 30, 2023 and 2022 was $42,776 and $45,699, respectively. Amortization expense included in cost of sales for the nine months ended September 30, 2023 and 2022 was nil, respectively.

 

The estimated amortization is as follows:

 

As of September 30, 2023  Estimated
amortization
expense		 
From October 1, 2023 to September 30, 2024  $57,035 
From October 1, 2024 to September 30, 2025   57,035 
From October 1, 2025 to September 30, 2026   57,035 
From October 1, 2026 to September 30, 2027   57,035 
From October 1, 2027 to September 30, 2028   57,035 
Thereafter   190,118 
Total  $475,293