| SCHEDULE OF INTANGIBLE ASSETS |
SCHEDULE
OF INTANGIBLE ASSETS
| |
|
March 31, 2023 (Unaudited) |
|
| |
|
Gross carrying amount |
|
|
Accumulated amortization |
|
|
Impairment |
|
|
Net carrying value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Goodwill |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Customer list |
|
|
42,500 |
|
|
|
(42,500 |
) |
|
|
- |
|
|
|
- |
|
| Technology |
|
|
684,000 |
|
|
|
(664,000 |
) |
|
|
- |
|
|
|
20,000 |
|
| Trade name |
|
|
54,900 |
|
|
|
(54,900 |
) |
|
|
- |
|
|
|
- |
|
| |
|
$ |
781,400 |
|
|
$ |
(761,400 |
) |
|
$ |
- |
|
|
$ |
20,000 |
|
| |
|
December 31, 2022 |
|
| |
|
Gross carrying amount |
|
|
Accumulated amortization |
|
|
Impairment |
|
|
Net carrying value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Goodwill |
|
$ |
277,800 |
|
|
$ |
- |
|
|
$ |
(277,800 |
) |
|
$ |
- |
|
| Customer list |
|
|
42,500 |
|
|
|
(42,500 |
) |
|
|
- |
|
|
|
- |
|
| Technology |
|
|
875,900 |
|
|
|
(813,300 |
) |
|
|
(41,900 |
) |
|
|
20,700 |
|
| Trade name |
|
|
54,900 |
|
|
|
(54,900 |
) |
|
|
- |
|
|
|
- |
|
| |
|
$ |
1,251,100 |
|
|
$ |
(910,700 |
) |
|
$ |
(319,700 |
) |
|
$ |
20,700 |
|
The
estimated useful lives of the intangible assets range from seven to twenty years. Amortization expense was $700 and $5,500 for the three
months ended March 31, 2023, and 2022, respectively.
|