Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

As of September 30, 2020 and December 31, 2019, intangible assets consisted of the following:

	Useful life	September 30, 2020			December 31, 2019
		(Unaudited)			(Audited)
Other intangible assets	3 – 5 years		844,245			843,817
Redemption code	5 years		750,000			750,000
Goodwill	infinite		27,353			27,353
			1,621,598			1,621,170
Less: accumulated amortization			(664,348	)		(512,763	)
		$	957,250		$	1,108,407

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

Year ending September 30:	Amount
2021	$	299,869
2022		168,017
2023		162,011
2024		150,000
2025		150,000
	$	929,897

Amortization of intangible assets from continuing operations was $152,244 and $93,402 for the nine months ended September 30, 2020 and 2019, respectively. Amortization of intangible assets from discontinued operations was $0 and $46,837 for the nine months ended September 30, 2020 and 2019, respectively.

Amortization of intangible assets from continuing operations was $50,748 and $25,679 for the three months ended September 30, 2020 and 2019, respectively. Amortization of intangible assets from discontinued operations was $0 and $4,297 for the three months ended September 30, 2020 and 2019, respectively.