Goodwill

9 Months Ended

Sep. 30, 2020

Disclosure Text Block Supplement [Abstract]

GOODWILL

NOTE 5 – GOODWILL

	As of September 30, 2020		As of December 31, 2019
Goodwill at cost	$	4,781,208		-
Accumulated impairment losses		-		-
Balance at end of period	$	4,781,208		-

Goodwill has been allocated for impairment testing purposes to the acquisition of the assets of Push Holdings Inc.by our wholly-owned subsidiary, DATALogiq.

The recoverable amount of this unit is determined based on external valuation performed by CBI Advisory Partners on March 20, 2020.

The assets were valued using a Fair Market Value basis as defined by The Financial Accounting Standards Board (FASB ASC 820-10-20). Liabilities were taken from Push Holdings Inc Consolidated Balance Sheet as of January 8, 2020.