Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Significant Accounting Policies [Abstract]

Foreign Currency Exchange Rates

	December 31,	December 31,	Average Year Ended December 31,
Currency	2021	2020	2021	2020
Japanese Yen to Korean Won	JPY10.30	JPY 10.54	JPY10.41	JPY11.05
Korean Won to US Dollar ($)	KRW1,185.50	KRW 1,088.00	KRW1,144.42	KRW 1,180.05

Consolidated Financial Statements by Geographic Areas

The Company generates revenues from two geographic areas, consisting of Korea and Japan. The following enterprise-wide disclosure is prepared on a basis consistent with the preparation of the consolidated financial statements:

	2021		2020
Korea:
Current assets	$	11,837,539	$	10,998,742
Non-current assets		1,965,469		1,603,402
Current liabilities		3,130,606		3,535,680
Non-current liabilities		-		-
Net Sales		14,638,896		8,872,013
Japan:
Current assets	$	603,171	$	557,786
Non-current assets		267		297
Current liabilities		385,511		328,566
Non-current liabilities		-		-
Net Sales		1,560,814		1,599,489

Estimated Useful Lives of Property and Equipment

Property and equipment are recorded at cost. Depreciation of property and equipment is computed using the double balance method, based on the estimated useful lives as follows:

Facility equipment	4 years
Automobile	4 years
Office equipment	4 years

Estimated Useful Lives of Respective Asset Categories

The estimated useful lives of the respective asset categories are as follows:

Development costs	3 years
Intangible assets excluding development costs	10 years
Other Intangible assets	3 to 5 years

Fair Value Measurements by Level for Assets Measured at Fair Value on Recurring Basis

The following table summarize the Company’s fair value measurements by level at December 31, 2021 for the assets measured at fair value on a recurring basis:

December 31, 2021
	Level 1		Level 2		Level 3
Available-for-sale securities	$	-	$	-	$	93,168
Long-term Cash		-		-		-
Equity purchase put option		-		-		-
Fair value, at December 31, 2021	$	-	$	-	$	93,168

The following table summarize the Company’s fair value measurements by level at December 31, 2020 for the assets measured at fair value on a recurring basis:

December 31, 2020
	Level 1		Level 2		Level 3
Available-for-sale securities	$	-	$	-	$	101,517
Long-term Cash		-		-		-
Equity purchase put option		-		-		-
Fair value, at December 31, 2020	$	-	$	-	$	101,517