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Acquired & Licensed Technology
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired & Licensed Technology

Note 5 – Acquired & Licensed Technology

 

The Company acquired technology assets, that is used in the development of hyper-realistic digital humans – computer generated assets that appear to be human and can perform in live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications, that was recorded at fair-value assigned by an independent 3rd party valuation firm, as a result of its acquisition of EAI and Pulse and as of September 30, 2018 consists of the following:

 

    September 30, 2018     December 31, 2017     Useful Life
    $     $      
Acquired and licensed technology     211,840,000               -     12 years
Less: Accumulated depreciation     (2,563,361 )     -      
Acquired and Licensed Technology, net     209,276,639       -      

 

Amortization for the period ended September 30, 2018 and December 31, 2017 was $2,563,361 and $0, respectively.