5. Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 5.        INTANGIBLE ASSETS

Intangible assets consisted of the following:

		As of
	Useful life	March 31, 2021			December 31, 2020
					(Audited)
At cost:
Software platform	3 years	$	540,126		$	539,899
Foreign translation difference			(1,510	)		227
			538,616			540,126
Less: accumulated amortization			(44,985	)		–
Less: foreign translation difference			100			–
			493,731			540,126

The intangible asset is a social gaming platform that provides a complete gaming ecosystem for both in-house and external contents, thereby connecting providers with users all within the platform.

The software development of the platform was completed in December 2020 and commenced be amortized from January 2021.

Amortization of intangible assets attributable to future periods is as follows:

Year ending March 31:	Amount
2022	$	179,539
2023		179,539
2024		134,653
	$	493,731

Amortization for the three months ended March 31, 2021 and 2020 were $44,985 and $0, respectively.