INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

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

Schedule of Intangible Assets
	December 31,			December 31,
	2021			2020
Intangible assets subject to amortization
Customer Relationship	$	7,323,000		$	—
Trade Names		2,396,000			—
Patents		1,730,089			182,654
Intellectual Property		8,341,000			—
		19,790,089			182,654
Less: Accumulated Amortization		(813,533	)		(4,566	)
	$	18,976,556		$	178,088

During the years ended December 31, 2021 and 2020, the Company recorded total amortization expense related to intangible assets of $808,967 and $4,566, respectively. The useful lives of tradenames ranges from 5 to 10 years, technology is 10 years, customer relationships ranges from 7 to 14 years, and patents range from 17 to 20 years.

Future amortization of intangible assets is as follows:

Future amortization of intangible assets
For the year ending December 31,
2022	$	1,767,181
2023		1,767,181
2024		1,767,181
2025		1,767,181
2026		1,750,881
Thereafter		10,156,951
Total	$	18,976,556