Intangible Assets, Net

6 Months Ended

Jun. 30, 2023

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

NOTE 11 – INTANGIBLE ASSETS, NET

Intangible assets, stated at cost less accumulated amortization and impairment, consisted of the following:

	As of June 30, 2023			As of December 31, 2022
Copyrights of course videos	$	4,683,610		$	4,876,413
Intellectual property rights		4,320,410			4,498,261
Intangible assets, cost		9,004,020			9,374,674
Less:
Accumulated amortization		(3,366,172	)		(2,852,753	)
Impairment		(2,175,848	)		(2,559,271	)
Intangible assets, net	$	3,462,000		$	3,962,650

For the six months ended June 30, 2023 and 2022, amortization expense amounted to $359,744 and $596,241, respectively. The following is a schedule of future amortization of intangible asset as of June 30, 2023:

Year ending December 31,	Amount
2023		343,976
2024		687,951
2025		687,951
2026		687,951
2027		687,951
Thereafter		366,220
Total	$	3,462,000