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INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes the balances as of September 30, 2022 and December 31, 2021, of the intangible assets acquired, their useful life, and annual amortization:

SCHEDULE OF INTANGIBLE ASSETS

   September 30, 2022  

Remaining

Estimated
Useful Life
(Years)

 
Intangible asset – Intellectual property  $819,191    16.25 
Intangible asset – Capitalization of license cost   190,989    16.25 
    1,010,180      
Less Accumulated Amortization   (201,180)     
Less: Derecognition of carrying value upon transfer of non-financial asset   (809,000)     
Total  $-      

 

   December 31, 2021  

Remaining

Estimated
Useful Life
(Years)

 
Intangible asset – Intellectual property  $819,191    17.00 
Intangible asset – Capitalization of license cost   190,989    17.00 
    1,010,180      
Less Accumulated Amortization   (188,339)     
Total  $821,841      
   September 30,
2022
 
Intangible asset – Intellectual property  $1,377,200 
    1,377,200 
Less Accumulated amortization   (275,440)
Total  $1,101,760 

 

   

December 31,

2021

 
Intangible asset – Intellectual property   $ 1,377,200  
      1,377,200  
Less Accumulated amortization     (275,440 )
Total   $ 1,101,760