INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Intangible assets

The following table summarizes the components of acquired intangible asset balances as of:

	December 31,			December 31,
	2019			2018
Patents	$	1,115,004		$	962,858
Licensed software		6,067,218			2,036,414
Software development costs		1,080,020			1,968,451
Less: accumulated amortization		(1,503,926	)		(702,186	)
Intangible assets, net	$	6,758,316		$	4,265,537

Schedule of estimated amortization

The estimated amortization is as follows:

For the year ended December 31	Estimated amortization expense
2019	$	1,108,675
2020		1,108,675
2021		1,108,675
2022		1,108,675
2023		1,108,675
Thereafter		1,214,937
Total	$	6,758,312