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AMORTIZATION OF INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

All of the Company’s current identified intangible assets were assumed upon consummation of the Empire acquisition on October 1, 2021. Identified intangible assets consisted of the following at the dates indicated below:

 

   June 30, 2022    
  

Gross

carrying

amount

  

Accumulated

amortization

  

Carrying

value

  

Estimated

remaining

useful life

Intellectual Property  $3,036,000   $(455,400)  $2,580,600   4.25 years
Customer List   2,239,000    (167,925)   2,071,075   9.25 years
Licenses   21,274,000    (1,595,550)   19,678,450   9.25 years
Total finite-lived intangibles   26,549,000    (2,218,875)   24,330,125    
Total intangible assets, net  $26,549,000   $(2,218,875)  $24,330,125    
SCHEDULE OF AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS

 

      
Year ended December 31,    
2022  $1,479,250 
2023   2,958,500 
2024   2,958,500 
2025   2,958,500 
2026   2,806,700 
Thereafter   11,168,675