INTANGIBLE ASSET

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

INTANGIBLE ASSET

INTANGIBLE ASSET

NOTE 6 - INTANGIBLE ASSET

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:

March 31, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average  Useful Life (Years)
Intangible assets:
Software development	$	57,143	$	(26,794	)	$	30,349		5
Foreign currency translation adjustment		-		-			5,906
Intangible assets, net	$	57,143	$	(26,794	)	$	36,255

Amortization expense for intangible assets was $1,618 for the three months period ended March 31, 2022.

Expected future intangible asset amortization as of March 31, 2022 was as follows:

Fiscal years:
Remaining 2022	$	23,558
2023		12,697

NOTE 6 - INTANGIBLE ASSET

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, 2021
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life (Years)
Intangible assets:
Software development	$	57,143	$	(25,176	)	$	31,967		5
Foreign currency translation adjustment		-		-			5,798
Intangible assets, net	$	57,143	$	(25,176	)	$	37,765

Amortization expense for intangible assets was $12,519 for the year ended December 31, 2021.

Expected future intangible asset amortization as of December 31, 2021 was as follows:

Fiscal years:
Remaining 2022	$	25,176
2023		12,588