INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

Intangible assets and related accumulated amortization were as follows:

	2023			2022
Distributor channel	$	3,035,029		$	3,117,635
Others		25,601			27,809
Total intangible assets		3,060,630			3,145,444
Less: Accumulated amortization		(1,982,560	)		(1,822,875	)
Less: Impairment loss		(926,431	)		(951,643	)
Total	$	151,639		$	370,926

Amortization expense for the years ended December 31, 2023 and 2022 was $209,533 and $806,539, respectively, included in cost of revenues and general and administrative expenses. During the years ended December 31, 2023 and 2022, the Company recognized impairment loss of $nil and $979,428, respectively.

As of December 31, 2023, the future estimated amortization costs for intangible assets are as follows:

Year ending December 31,	2023
2024	$	140,523
2025		5,086
2026		5,086
2027		944
Total	$	151,639