XML 41 R32.htm IDEA: XBRL DOCUMENT v3.23.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF GOODWILL AND INDEFINITE LIVED INTANGIBLE ASSETS

SCHEDULE OF GOODWILL AND INDEFINITE LIVED INTANGIBLE ASSETS

Goodwill    
Balance as of December 31, 2021  $2,534,275 
Additions   - 
Impairment   - 
Balance as of December 31, 2022 and September 30, 2023  $2,534,275 
      
Indefinite Lived Intangible Assets     
Balance as of December 31, 2021  $770,000 
Additions   - 
Impairment   - 
Balance as of December 31, 2022 and September 30, 2023  $770,000 

 

Goodwill relates to the acquisition of ENP Investments. Indefinite lived intangible assets consist of trade secrets and trademarks related to the acquisition of ENP Investments.

 

Definite Life Intangible Assets    
Balance as of December 31, 2021  $1,830,000 
Amortization   (160,000)
Balance as of December 31, 2022   1,670,000 
Amortization   (120,000)
Balance as of September 30, 2023  $1,550,000 
SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE

Estimated amortization expense over the next five years is as follows:

 

SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE

2023  $160,000 
2024   160,000 
2025   160,000 
2026   160,000 
2027   160,000