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7. Intangible Assets, Net
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 7     INTANGIBLE ASSETS, NET

 

As of June 30, 2020 and December 31, 2019, intangible assets consisted of the following:

  

    June 30,
2020
    December 31,
2019
 
    (Unaudited)        
    $     $  
Intangible assets     529,537       536,530  
      529,537       536,530  
Less: Accumulated amortization     (114,335 )     (62,595 )
Intangible assets, net     415,202       473,935  

  

The intangible assets are a series of software that are surveillance app connecting smart phones, achieving smart fish farming. It reports a real time data of water in our fish farming tanks, such as temperature, PH value, and dissolved oxygen, to the smart phones of fish farmers, helping fish farmers to understand the water condition in a timely manner.

 

The Company recorded amortization expenses of $53,156 and $18,390 for the six months ended June 30, 2020 and 2019, respectively, and $26,371 and $18,390 for the three months ended June 30, 2020 and 2019.