GOODWILL, INTANGIBLE ASSET AND DEFERRED TAX LIABILITY (Tables)

12 Months Ended

Dec. 31, 2021

SCHEDULE OF CONTINUITY OF GOODWILL

The continuity of goodwill is as follows:

	DenseLight			BB Photonics			Total
Balance January 1, 2019	$	6,630,544		$	1,050,459		$	7,681,003
Impairment		-			(1,050,459	)		(1,050,459	)
Disposed on the sale of DenseLight		(6,630,544	)		-			(6,630,544	)
Balance, December 31, 2019, 2020 and 2021	$	-		$	-		$	-

SCHEDULE OF DEFERRED TAX LIABILITY

Deferred tax liability was created on the date of purchase for both DenseLight and BB Photonics. The following is a continuity of deferred tax liability.

	DenseLight			BB Photonics			Total
Balance, January 1, 2019		707,687			292,740			1,000,427
Tax effect of Impairment		-			(292,740	)		(292,740	)
Disposed on the sale of DenseLight		(707,687	)		-			(707,687	)
Balance, December 31, 2019, 2020 and 2021	$	-		$	-		$	-

SCHEDULE OF INTANGIBLE ASSETS

INTANGIBLE ASSETS

	Technology			Customer Relationships			Total
Balance, January 1, 2019	$	714,000		$	186,131		$	900,131
Impairment		(714,000	)		-			(714,000	)
Disposals (1)		-			(186,131	)		(186,131	)
Balance, December 31, 2019, 2020 and 2021		-			-			-
Balance, January 1, 2019		-			97,722			97,722
Amortization for the year		-			-			-
Disposals (1)		-			(97,722	)		(97,722	)
Balance, December 31, 2019, 2020 and 2021		-			-			-
At December 31, 2019, 2020, 2021	$	-		$	-		$	-

(1) The Company disposed of its customer relationships intangible assets and related amortization on November 8, 2019 with the sale of DenseLight (Note 21).