Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

NOTE 3 – INTANGIBLE ASSETS, NET

As of December 31, 2021 and 2020, the Company has the following amounts related to intangible assets:

	Logiq (Delaware)		DataLogiq		Total
Cost as of January 1, 2021	$	1,885,330	$	12,928,422	$	14,813,752
Additions	$	-	$	6,789,969	$	6,789,969
Cost as of December 31, 2021	$	1,885,330	$	19,718,391	$	21,603,721
Amortization
Brought forward as of January 1, 2021	$	1,271,265	$	1,805,947	$	3,077,212
Charge for the period	$	125,133	$	3,604,180	$	3,729,313
Accumulated depreciation as of December 31, 2021	$	1,396,398	$	5,410,127	$	6,806,525
Net intangible assets as of December 31, 2021	$	488,932	$	14,308,264	$	14,797,196
Net intangible assets as of December 31, 2020	$	614,065	$	11,122,475	$	11,736,540

Amortization expenses related to intangible assets for the three months ended December 31, 2021 and 2010 amounted to $1,017,202 and $599,730, respectively. Amortization expenses related to intangible assets for the twelve months ended December 31, 2021 and 2020 amounted to $3,729,313 and $1,919,480, respectively.

No significant residual value is estimated for these intangible assets.

The estimated future amortization expense of intangible costs as of December 31, 2021 in the following fiscal years is as follows:

2022	$	4,068,811
2023		4,068,811
2024		4,068,811
2025		2,251,265
2026 and thereafter		339,498
	$	14,797,196