Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

Intangible assets consisted of the following:

	December 31,			December 31,
	2019			2018
Land use rights	$	3,580,172		$	3,618,441
Non-patented technology		14,389			14,542
		3,594,561			3,632,983
Less: Accumulated amortization		(489,722	)		(419,853	)
	$	3,104,839		$	3,213,130

The total cost of $3,580,172 represents the three industrial land use rights located in Shanghai City, Weihai City, Shandong Province, and Chuxiong City, Yunnan Province.

For the years ended December 31, 2019 and 2018, amortization of intangible assets amounted to $74,788 and $60,911, respectively.