INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes the balances as of June 30, 2021 and December 31, 2020, of the intangible assets acquired, their useful life, and annual amortization:

	June 30, 2021			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			16.50
Intangible asset – Capitalization of license cost		190,989			16.50
		1,010,180
Less Accumulated Amortization		(162,655	)
Total	$	847,525

	December 31, 2020			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			18.00
Intangible asset – Capitalization of license cost		190,989			18.00
		1,010,180
Less Accumulated Amortization		(136,974	)
Total	$	873,206

SCHEDULE OF AMORTIZATION OF EXPENSE FOR INTANGIBLE ASSETS

The future yearly amortization expense over the next five years and thereafter are as follows:

For the six months and years ended December 31,
Six months of 2021	$	25,683
2022		51,365
2023		51,365
2024		51,365
2025		51,365
Thereafter		616,382
	$	847,525