Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7 –  INTANGIBLE ASSETS

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

	Useful life	December 31, 2020			December 31, 2019
Other intangible assets	3 - 5 years		844,246			843,817
Redemption code	5 years		750,000			750,000
Goodwill	infinite		27,353			27,353
			1,621,599			1,621,170
Less: accumulated amortization			(714,832	)		(512,763	)
Less: impairment loss			(750,000	)		-
		$	156,767		$	1,108,407

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

Year ending December 31:	Amount
2021	$	103,889
2022		18,018
2023		7,507
Thereafter		-
	$	129,414

Amortization expense from continuing operations for the years ended December 31, 2020 and 2019 amounted to $202,992 and $270,894 respectively. Amortization expense from discontinued operations for the years ended December 31, 2020 and 2019 amounted to $0 and $84,219, respectively. Impairment loss from continuing operations for the years ended December 31, 2020 and 2019 amounted to $750,000 and $0 respectively. No impairment loss from discontinued operations recognised for the years ended December 31, 2020 and 2019.