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INTANGIBLE ASSET (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
INTANGIBLE ASSET    
Schedule of intangible assets

September 30, 2021

 

 

 

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Weighted Average Useful Life (Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Software development

 

$57,143

 

 

$(7,807)

 

$49,336

 

 

 

5

 

Foreign currency translation adjustment

 

 

-

 

 

 

-

 

 

 

(7,495)

 

 

 

 

Intangible assets, net

 

$57,143

 

 

$(7,807)

 

$41,841

 

 

 

 

 

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

 

 

 

 

 

Schedule of intangible assets amortization expenses

Fiscal years:

 

 

 

Remaining 2021

 

$3,101

 

2022

 

 

12,412

 

2023

 

 

12,412

 

Thereafter

 

 

12,381

 

Fiscal years:

 

 

 

Remaining 2020

 

$49,029

 

2021

 

 

36,772

 

2022

 

 

24,515

 

2023

 

 

12,257