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INTANGIBLE ASSETS AND GOODWILL | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | 3. INTANGIBLE ASSETS AND GOODWILL As of June 30, 2022, the Company’s intangible assets consisted of: SCHEDULE OF GOODWILL INDEFINITE AND FINITE LIVED INTANGIBLE ASSETS
Goodwill |  |  |  |
Balance at December 31, 2021 |  | $ | 1,587,634 |
Loss on currency translation |  |  | (25,691 | )
Balance at June 30, 2022 |  | $ | 1,561,943 |
Indefinite lived intangible assets |  |  |  |
Balance at December 31, 2021 |  | $ | 6,375,492 |
Loss on currency translation |  |  | (103,167 | )
Balance at June 30, 2022 |  | $ | 6,272,325 |
Definite lived intangible assets |  |  |  |
Balance at December 31, 2021 |  | $ | 548,436 |
Amortization |  |  | (84,375 | )
Balance at June 30, 2022 |  | $ | 464,061 |
For goodwill, identified indefinite lived assets, and identified definite lived intangible assets, there was no impairment expense during the three and six months ended June 30, 2022 and 2021. For identified definite lived intangible assets, amortization expense amounted to $42,187 and $174,019 during the three months ended June 30, 2022 and 2021, respectively. For identified definite lived intangible assets, amortization expense amounted to $84,375 and $310,659 during the six months ended June 30, 2022 and 2021, respectively. The Company amortizes definite lived intangible assets on a straight-line basis over their estimated useful lives. Amortization expense of identified intangible assets based on the carrying amount as of June 30, 2022 is as follows: SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSES
Year ending December 31, |  |  |  |
2022 (excluding the six months ended June 30) |  |  | $ | 84,375 |
2023 |  |  |  | 168,750 |
2024 |  |  |  | 168,750 |
2025 |  |  |  | 42,186 |
Finite lived Assets Amortization Expense |  |  | $ | 464,061 |
ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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