INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 8: INTANGIBLE ASSETS

The Company’s intangible assets are as follows:

	March 31, 2023			December 31, 2022
Intellectual property	$	10,333,144		$	-
Non-compete agreement		78,615			-
Tradenames		285,863			-
Less: accumulated amortization		(250,954	)		-
Net	$	10,446,668		$	-

Amortization expense due to the amortization of intangibles for the three months ended March 31, 2023 and 2022 was $250,954 and $0, respectively.

As of December 31, 2022, the Company did not have any intangible assets as they were previously all held by Rohuma, Mimo and TSP, and as they were fully impaired upon the disposal as Rohuma, Mimo and TSP. For the three months ended March 31, 2022, for the purposes of the retrospective presentation of the continuing operations, the Company fully impaired the Rohuma, Mimo and TSP intangible assets; resulting in impairment expense of $776,263, which is included in net loss from discontinued operations, before the provisions for income taxes, on the consolidated statements of operations and comprehensive loss.