Intangible Assets

6 Months Ended

Jun. 30, 2023

Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

13. INTANGIBLE ASSETS

Intangible assets consist of the following:

	June 30,			December 31,
	2023			2022
Trademarks	$	830			862
System and software		2,506,162			2,578,647
Subtotal		2,506,992			2,579,509
Less: accumulated depreciation and amortization		(222,372	)		(199,151	)
Less: impairment		(1,795,069	)		(1,862,289	)
Total	$	489,551		$	518,069

Amortization expense included in general and administration expenses for the six months ended June 30, 2023 and 2022 was $28,518 and $28,233, respectively. Amortization expense included in cost of sales for the six months ended June 30, 2023 and 2022 was nil, respectively.

The estimated amortization is as follows:

As of June 30, 2023	Estimated amortization expense
From July 1, 2023 to July 31, 2024	$	57,035
From July 1, 2024 to July 31, 2025		57,035
From July 1, 2025 to July 31, 2026		57,035
From July 1, 2026 to July 31, 2027		57,035
From July 1, 2027 to July 31, 2028		57,035
Thereafter		204,376
Total	$	489,551