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INTANGIBLE ASSETS | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |  |
INTANGIBLE ASSETS |  | NOTE 4. INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS The Company performs an annual impairment test at the reporting unit level as of December 31 of each fiscal year. As of December 31, 2022, the Company’s goodwill and intangible assets were fully impaired, and thus no annual impairment test was necessary as of December 31, 2023. The following table provides the Company’s goodwill, indefinite and definite lives intangible assets as of December 31, 2023 and 2022. As of December 31, 2022, the Company’s goodwill consisted of: SCHEDULE OF GOODWILL
|  | Goodwill |  |  | Accumulated Impairment Losses |  |  | Currency Translation |  |  | Total |
Balance at January 1, 2022 |  | $ | 9,834,855 |  |  | $ | (8,225,862 | ) |  | $ | (21,359 | ) |  | $ | 1,587,634 |
Impairment losses |  |  | — |  |  |  | (1,486,060 | ) |  |  | — |  |  |  | (1,486,060 | )
Loss on currency translation |  |  | — |  |  |  | — |  |  |  | (101,574 | ) |  |  | (101,574 | )
Balance at December 31, 2022 |  |  | 9,834,855 |  |  |  | (9,711,922 | ) |  |  | (122,933 | ) |  |  | — |
As of December 31, 2022, the Company’s indefinite lived intangible assets consisted of: SCHEDULE OF INTANGIBLE ASSETS
Indefinite lived intangible assets |  |  |  |
Balance at January 1, 2022 |  | $ | 6,375,492 |
Impairment losses |  |  | (5,967,602 | )
Loss on currency translation |  |  | (407,890 | )
Balance at December 31, 2022 |  | $ | — |
As of December 31, 2023 and 2022, the definite lived intangible assets consisted of:
Definite lived intangible assets |  |  |  |
Balance at January 1, 2022 |  | $ | 548,436 |
Amortization |  |  | (168,750 | )
Balance at December 31, 2022 |  | $ | 379,686 |
Amortization |  |  | (168,754 | )
Balance at December 31, 2023 |  | $ | 210,932 |
For identified definite lived intangible assets, amortization expense amounted to $168,754 and $168,750 during the years ended December 31, 2023 and 2022, respectively. ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 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 December 31, 2023 is as follows: SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE
Year ending December 31, |  |  |
2024 |  | $ | 168,750 |
2025 |  |  | 42,182 |
Finite lived assets amortization expense |  | $ | 210,932 |
INTANGIBLE ASSETS | NOTE 4. INTANGIBLE ASSETS As of September 30, 2024, the Company’s intangible assets consisted of: SCHEDULE OF INTANGIBLE ASSETS
Definite lived intangible assets |  |  |  |
Balance at January 1, 2024 |  | $ | 210,932 |
Amortization |  |  | (126,564 | )
Balance at September 30, 2024 |  | $ | 84,368 |
For identified definite lived intangible assets, there was no impairment expense during the three and nine months ended September 30, 2024 and 2023. For identified definite lived intangible assets, amortization expense amounted to $42,188 and $42,191 during the three months ended September 30, 2024 and 2023, respectively and $126,564 and $126,566 during each of the nine months ended September 30, 2024 and 2023, respectively. |

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