Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

As of March 31, 2021 and December 31, 2020, intangible assets consisted of the following:

	Useful life	March 31, 2021			December 31, 220
Other intangible assets	3 - 5 years		843,967			844,246
Redemption code	5 years		750,000			750,000
Goodwill	infinite		27,353			27,353
			1,621,320			1,621,599
Less: accumulated amortization			(739,113	)		(714,832	)
Less: impairment loss			(750,000	)		(750,000
		$	132,207		$	156,767

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

Year ending March 31:	Amount
2021	$	83,899
2022		17,962
2023		2,993
	$	104,854

For the three months ended March 31, 2021 and 2020, amortization of intangible assets amounted to $24,537 and $50,748, respectively.