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INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INTANGIBLE ASSETS

Intangible assets were comprised of the following at:

 SCHEDULE OF INTANGIBLE ASSETS

		June 30, 2023				December 31, 2022
Goodwill		$	747,976				747,976
LWL Intangibles		$	1,482,061				1,468,709
License			354,322				354,322
Patents			190,789				190,789
Accumulated Amortization			(93,034	)			(87,096	)
Net Fixed Assets		$	2,682,114				2,674,700

SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION

The following table presents the purchase price allocation:

 SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE ALLOCATION

Consideration:
Cash and cash equivalents		$	1,500,000
Total purchaser consideration		$	1,500,000
Assets acquired:
Cash and cash equivalents		$	6,156
Prepayment		$	22,035
Other receivable		$	20,000
Trading Contracts		$	146,035
Shenzhen Gas Relationship		$	1,314,313
Total assets acquired		$	1,508,539
Liabilities assumed:
Advance Receipts		$	8,539
Net Assets Acquired:		$	1,500,000

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- References

No definition available.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

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