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Intangible Assets
12 Months Ended
Dec. 31, 2021
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
9. INTANGIBLE ASSETS

 

    As of
December 31,
 
    2021     2020  
APP Platforms   $ 110,148     $
-
 
Less: accumulated amortization     (14,687 )    
-
 
    $ 95,461     $
-
 

 

Amortization expense for the years ended December 31, 2021 and 2020 was $14,465 and $nil, respectively. The Company recorded an impairment loss on intangible assets of $77,264 to write off the APP Platform during the year ended December 31, 2020.

 

As of December 31, 2021, cost of intangible assets included a platform amount to approximately $16,000 (RMB100,000) acquired by the Company during the year which was in the testing phase, no amortization was recorded until that platform was fully operational in 2022.