INTANGIBLE ASSETS

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

Intangible assets and related accumulated amortization were as follows:

	September 30, 2022			December 31, 2021
Distributor channel	$	3,027,016		$	3,389,404
Others		27,418			22,299
Total intangible assets		3,054,434			3,411,703
Less: Accumulated amortization		(1,579,434	)		(1,129,913	)
Total	$	1,475,000		$	2,281,790

Amortization expense for the nine months ended September 30, 2022 and 2021 was $615,911 and $624,082, respectively, included in cost of revenues and general and administrative expenses.

As of September 30, 2022, the future estimated amortization costs for intangible assets are as follows:

Year ending December 31,
2022 (remaining)	$	190,559
2023		762,238
2024		509,986
2025		5,484
2026		5,484
Thereafter		1,249
Total	$	1,475,000

NOTE 7 – INTANGIBLE ASSETS

Intangible assets and related accumulated amortization were as follows:

	2021			2020
Distributor channel	$	3,389,404		$	3,299,329
Others		22,299			4,105
Total intangible assets		3,411,703			3,303,434
Less: Accumulated amortization		(1,129,913	)		(274,944	)
Total	$	2,281,790		$	3,028,490

Amortization expense for the years ended December 31, 2021 and 2020 was $844,907 and $260,205, respectively, included in cost of revenues.

As of December 31, 2021, the future estimated amortization costs for distribution channel are as follows:

2022	$	847,351
2023		847,351
2024		564,901
Thereafter		-
Total	$	2,259,603