Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 3 - INTANGIBLE ASSETS

As of December 31, 2019 and 2018, the Company has the following amounts related to intangible assets:

	As of December 31,
	2019			2018
Software acquired	$	1,764,330		$	1,764,330
Other intangible assets		5,000			5,000
		1,769,330			1,769,330
Less: accumulated amortization		(1,157,732	)		(1,055,799	)
Net intangible assets	$	611,598		$	713,531

No significant residual value is estimated for these intangible assets. Amortization expense for the years ended December 31, 2019 and 2018 amounted to $101,933 and $268,600, respectively.