INTANGIBLE ASSET

12 Months Ended

Dec. 31, 2020

Intangible asset is software development cost incurred by company, it will be amortized on a straight line basis over the estimated useful life of 5 years as follow:

December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life (Years)

Intangible assets:
Software development	$	57,143	$	(11,696	)	$	45,447		5
Foreign currency translation adjustment		-		-			3,582
Intangible assets, net	$	57,143	$	(11,696	)	$	49,029

Amortization expense for intangible assets was $11,696 for the year ended December 31, 2020.

Expected future intangible asset amortization as of December 31, 2020 was as follows:

Fiscal years:
Remaining 2020	$	49,029
2021		36,772
2022		24,515
2023		12,257