Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 3 –INTANGIBLE ASSETS

As of June 30, 2021 and December 31, 2020, intangible assets consisted of the following:

	Useful life	June 30, 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			(763,538	)		(714,832	)
Less: impairment loss			(750,000	)		(750,000	)
		$	107,782		$	156,767

Annual amortization of intangible assets attributable to future periods is as follows:

Year ending June 30:	Amount
2021	$	63,964
2022		16,465
2023		-
	$	80,429

For the six months ended June 30, 2021 and 2020, amortization of intangible assets amounted to $49,075 and $101,496, respectively.

For the three months ended June 30, 2021 and 2020, amortization of intangible assets amounted to $24,538 and $50,748, respectively.