INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

Intangible assets as of September 30, 2021 and December 31, 2020 consist of the following:

	September 30,			December 31,
	2021			2020
Intangible assets subject to amortization
Customer Relationship	$	539,000		$	—
Trade Names		2,070,000			—
Technology and Know How		7,124,000			—
		9,733,000			—
Less: Accumulated Amortization		(359,600	)		—
	$	9,373,400		$	—

During the three months ended September 30, 2021 and 2020, the Company recorded total amortization expense related to intangible assets of $134,850 and $0, respectively. During the nine months ended September 30, 2021 and 2020, the Company recorded total amortization expense related to intangible assets of $359,600 and $0, respectively. The useful lives of tradenames and technology is 10 years, and the useful life of customer relationships is 7 years.