Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

As of March 31, 2020 and December 31, 2019, intangible assets consisted of the following:

	Useful life	March 31, 2020			December 31, 2019
		(Unaudited)			(Audited)
Other intangible assets	3 – 5 years		843,817			843,817
Redemption code	5 years		750,000			750,000
Goodwill	infinite		27,353			27,353
			1,621,170			1,621,170
Less: accumulated amortization			(563,225	)		(512,763	)
		$	1,057,945		$	1,108,407

Amortization of intangible assets attributable to future periods is as follows:

Year ending March 31:	Amount
2021	$	419,317
2022		140,353
2023		167,932
2024		152,988
2025		150,000
	$	1,030,590

Amortization of intangible assets from continuing operations was $50,748 and $67,723 for the three months ended March 31, 2020 and 2019, respectively. Amortization of intangible assets from discontinued operations was $0 and $20,882 for the three months ended March 31, 2020 and 2019, respectively.