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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

 

Intangible assets as of June 30, 2023 consisted of the following:

 

  Estimated Life        
Intangible assets 3 Years   $ 663,017  
Less accumulated amortization       (110,502 )
Less impairment       (552,515 )
      $  

 

Total amortization expense was $55,251 and $110,502 for the three months and six months ended June 30, 2023, respectively. During the three months ended June 30, 2023 management determined that the intangible assets which result from the Bridgetown were deemed to have no future value as a result of operations not meeting the forecasted results of operations used in the determination of the original consideration provided in the transaction.