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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF GOODWILL INDEFINITE AND FINITE LIVED INTANGIBLE ASSETS

 

Goodwill     
Balance at December 31, 2020  $ 
Acquired during the year   9,834,855 
Impairment losses   (8,225,862)
Loss on currency translation   (21,359)
Balance at December 31, 2021  $1,587,634 
      
Indefinite lived intangible assets     
Balance at December 31, 2020  $ 
Acquired during the year   35,500,000 
Impairment losses   (29,048,164)
Loss on currency translation   (76,344)
Balance at December 31, 2021  $6,375,492 
      
Definite lived intangible assets     
Balance at January 1, 2020  $ 
Acquired during the year   1,938,593 
Amortization   (120,872)
Balance at December 31, 2020   1,817,721 
Acquired during the year   675,000 
Amortization   (643,333)
Impairment loss   (1,404,892)
Gain on currency translation   103,940 
Balance at December 31, 2021  $548,436 
SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE

The Company amortizes definite lived intangible assets on a  straight-line basis over their estimated useful lives. Amortization expense of identified intangible assets based on the carrying amount as of December 31, 2021 is as follows:

Year ending December 31,    
2022  $168,750 
2023   168,750 
2024   168,750 
2025   42,186 
Finite lived Assets Amortization Expense   $548,436