ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

Acquisitions Goodwill And Intangible Assets

SUMMARY OF GOODWILL

A summary of our goodwill as of December 31, 2022 and 2021 is shown below:

	December 31, 2022			December 31, 2021
Balance at beginning of the year ended	$	21,062,455		$	21,062,455
Less: Derecognition upon recording of gain on non-financial asset		(4,880,000	)		-
Less; Goodwill impairment due to market capitalization		(4,111,079	)		-
Balance at the end of the year ended	$	12,071,376		$	21,062,455

SCHEDULE OF INTANGIBLE ASSETS

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

	December 31, 2022			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual property	$	819,191			16.00
Intangible asset – Capitalization of license cost		190,989			16.00
		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