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INTANGIBLE ASSET (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
INTANGIBLE ASSET    
Schedule of intangible assets

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

 

 

 

 

 

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

 

Schedule of intangible assets amortization expenses

Fiscal years:

 

 

 

Remaining 2022

 

$23,558

 

2023

 

 

12,697