Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

NOTE 12 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following: 

	As of December 31, 2023			As of December 31, 2022
Land use rights	$	1,553,876		$	1,599,693
Software		1,262,784			1,299,612
Others		2,219,420			2,284,860
Patent		111,562			114,851
Total		5,147,642			5,299,016
Less: accumulated amortization		(697,653	)		(429,362	)
Intangible assets, net	$	4,449,989		$	4,869,654

Amortization expense was $281,341, $206,964 and $34,671 for the year ended December 31, 2023, 2022 and 2021, respectively.

Estimated future amortization expense is as follows: 

Twelve months ending December 31,	Amortization expense
2024	$	279,575
2025		279,444
2026		278,158
2027		276,798
2028		276,798
Thereafter		3,059,216
	$	4,449,989