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GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

NOTE 5 – GOODWILL AND INTANGIBLE ASSETS, NET

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

		June 30, 2023				December 31, 2022
License		$	2,986,902			$	643,204
Trade name / mark			392,197				36,997
Customer base			602,204				176,793
			3,981,303				856,994
Less: Accumulated amortization			(249,151	)			(199,777	)
Subtotal			3,732,152				657,217
Goodwill			49,697				49,697
Total		$	3,781,849			$	706,914

At June 30, 2023, 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		$	220,427
2024			448,438
2025			449,728
2026			452,683
2027			452,683
Thereafter			1,708,193
Total amortization		$	3,732,152

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

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