ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

Acquisitions Goodwill And Intangible Assets

SUMMARY OF GOODWILL

A summary of our goodwill as of March 31, 2023 and December 31, 2022 is shown below:

	March 31, 2023		December 31, 2022
Balance at beginning of the year	$	12,071,376	$	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 period	$	12,071,376	$	12,071,376

SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes the balances as of March 31, 2023 and December 31, 2022, of the intangible assets acquired, their useful life, and annual amortization:

	March 31, 2023		Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual property	$	-
Intangible asset – Capitalization of license cost		-
		-
Less Accumulated Amortization		-
Less: Derecognition of carrying value upon transfer of non-financial asset		-
Total	$	-

	December 31, 2022			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual property	$	819,191
Intangible asset – Capitalization of license cost		190,989
		1,010,180
Less Accumulated Amortization		(201,180	)
Less: Derecognition of carrying value upon transfer of non-financial asset		(809,000	)
Total	$	-