INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

SUMMARY OF GOODWILL

A summary of our goodwill as of June 30, 2023 and December 31, 2022 is shown below:

	June 30,			December 31,
	2023			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		(6,083,146	)		(4,111,079	)
Balance at the end of the period	$	5,988,230		$	12,071,376

SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes the balances as of December 31, 2022, of the intangible assets acquired, their useful life, and annual amortization. As the intangible assets acquired were already derecognized as of December 31, 2023, we had no similar assets or adjustments thereto as of June 30, 2023:

	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	$	-