INTANGIBLES

6 Months Ended

Jun. 30, 2022

Intangibles [Abstract]

INTANGIBLES

4 INTANGIBLES

On August 26, 2021, the Company formed a new subsidiary, Beyond Fintech. to acquire a product known as Beyond Wallet from a third party for gross proceeds of $250,000, together with the logo, use of name and implementation of the product into the Company’s technology. The Company owns 51% of Beyond Fintech with the other 49% owned by Frictionless.

During the year ended December 31, 2021, the Company paid gross proceeds of $375,000 to Frictionless for the development of the IPSIPay wallet, which is now complete. During the six months ended June 30, 2022, an additional $302,200 was spent by the Company to facilitate the functioning of the IPSIPay software in the cloud environment, and Beyond Fintech spent an additional $37,510 on software to further enhance the Beyond Wallet product offering. 

	June 30, 2022		December 31, 2021
Purchased Technology	$	964,710	$	625,000