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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

NOTE 5 – GOODWILL AND INTANGIBLE ASSETS

 

Goodwill and intangible, net assets consist of the following at December 31,:

 

 

 

2022

 

 

2021

 

License

 

$643,204

 

 

$345,739

 

Trade name /mark

 

 

36,997

 

 

 

36,997

 

Customer base

 

 

176,793

 

 

 

176,793

 

 

 

 

856,994

 

 

 

559,529

 

Less: Accumulated amortization

 

 

(199,777 )

 

 

(123,460 )

Subtotal

 

 

657,217

 

 

 

436,069

 

Goodwill

 

 

49,697

 

 

 

49,698

 

Total

 

$706,914

 

 

$485,767

 

  

At December 31, 2022, the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years is as follows:

 

 

Year

 

Amount

 

2023

 

$81,406

 

2024

 

 

82,318

 

2025

 

 

81,826

 

2026

 

 

43,637

 

2027

 

 

43,637

 

Thereafter

 

 

324,393

 

Sum

 

$657,217