Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 3 –INTANGIBLE ASSETS

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

	Useful life	September 30, 2021			December 31, 2020
Other intangible assets	3 - 5 years		843,826			844,246
Redemption code	5 years		750,000			750,000
Goodwill	infinite		27,353			27,353
			1,621,179			1,621,599
Less: accumulated amortization			(787,869	)		(714,832	)
Less: impairment loss			(750,000	)		(750,000	)
		$	83,310		$	156,767

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

Year ending September 30:	Amount
2021	$	44,002
2022		11,955
2023		-
	$	55,957

For the nine months ended September 30, 2021 and 2020, amortization of intangible assets amounted to $73,612 and $152,244, respectively.

For the three months ended September 30, 2021 and 2020, amortization of intangible assets amounted to $24,537 and $50,748, respectively.