XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2024
Intangible Assets [Abstract] |
INTANGIBLE ASSETS | 12. INTANGIBLE ASSETS Intangible assets consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Trademarks |  | $ | 128,691 |  |  |  | 847 |
System and software |  |  | 2,531,008 |  |  |  | 2,730,549 |
Subtotal |  |  | 2,659,699 |  |  |  | 2,731,396 |
Less: accumulated depreciation and amortization |  |  | (349,584 | ) |  |  | (311,131 | )
Less: impairment |  |  | (1,763,167 | ) |  |  | (1,831,283 | )
Total |  | $ | 546,948 |  |  | $ | 588,982 |
Amortization expense included in general and administration expenses for the nine months ended September 30, 2024 and 2023 was $42,776 and $42,776, respectively. Amortization expense included in cost of sales for the nine months ended September 30, 2024 and 2023 was $0 and $0, respectively. The estimated amortization is as follows:
As of September 30, |  | Estimated amortization expense |
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 |
From October 1, 2028 to September 30, 2029 |  |  | 57,035 |
Thereafter |  |  | 76,047 |
Total |  | $ | 418,257 |
Type 1 and Type 2 licenses by Hong Kong Securities and Futures Commission have no expiration date and do not require amortization, amount was $128,691.

X
- References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration