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Intangible Assets
 6 Months Ended
Jun. 30, 2023
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 8 – INTANGIBLE ASSETS

 

Intangible assets as of June 30, 2023 and December 31, 2022 are summarized as follows:

 

   June 30,
2023		   December 31,
2022		 
Software development  €338,120   €368,705 
Software   248,419    
-
 
Computer application   33,755    33,755 
Web page   6,010    6,010 
    626,304    408,470 
Accumulated amortization   (64,606)   (39,464)
   €561,698    369,006 

 

As of June 30, 2023 and December 31, 2022, the Company has intangible assets of €561,698 and €369,005, of which software development of €338,120 for the new version of the Sun Box, an all-in-one device that integrates most of the equipment for domestic photovoltaic installation, are not yet ready for use as intended by management and therefore no cumulative amortization has been recorded to June 30, 2023.

 

During the six months ended June 30, 2023 and 2022, the Company recorded amortization expense of €25,142 and €429, respectively, and no impairment loss was incurred on the intangible assets.