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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2021
INTANGIBLE ASSETS AND GOODWILL  
Schedule of intangible assets

2021

2020

Estimated

Estimated

Accumulated

Life

Accumulated

Life

    

Gross

    

Amortization

    

Net

    

(in years)

Gross

    

Amortization

    

Net

    

(in years)

Tradename

$

6,323,780

$

323,967

$

5,999,813

10

$

1,050,000

$

65,625

$

984,375

10

Schedule of estimated amortization expense of intangible assets

Year ending December 31, 

    

Amount

2022

$

622,602

2023

622,602

2024

622,602

2025

622,602

2026

622,602

Thereafter

2,886,803

Total

$

5,999,813

Summary of changes in amount of goodwill

Balance as of December 31, 2019

$

Goodwill acquired

2,484,200

Balance as of December 31, 2020

$

2,484,200

Goodwill acquired

8,799,657

Impairment

(2,484,200)

Balance as of December 31, 2021

$

8,799,657