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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

The following is a summary of intangible assets as of September 30, 2022:

 

   Licensing Agreements (Finite)   Licensing Agreements (Indefinite)   Software Licenses (Finite)   Distribution Contracts (Finite)   Trade Names (Indefinite)   Non-Compete Agreements (Finite)   Accumulated Amortization   Total 
Balance as of December 31, 2021  $7,198,363   $2,810,000   $10,364,541   $560,000   $2,672,581   $257,530   $(3,377,206)  $20,485,809 
Amortization expense   -    -    -    -    -    -    (1,306,997)   (1,306,997)
Impairment of intangible assets   -    (1,118,209)   (1,320,993)   -    (2,200,900)   -    -    (4,640,102)
FX translation adjustments   -    (275,948)   (872,874)   -    (124,258)   (33,120)   195,795    (1,110,405)
Balance as of September 30, 2022  $7,198,363   $1,415,843   $8,170,674   $560,000   $347,423   $224,410   $(4,488,408)   13,428,305 
                                         
Weighted average remaining amortization period at September 30, 2022   -    -    4.6    5.4    -    4.5    -    - 
SCHEDULE OF ACCUMULATED AMORTIZATION OF INTANGIBLE ASSETS

Accumulated amortization of intangible assets consists of the following:

 

   Licensing Agreements (Finite)   Software Licenses (Finite)   Distribution Contracts (Finite)   Non-Compete Agreements (Finite)   Accumulated Amortization 
Balance as of December 31, 2021  $912,260   $1,843,716   $560,000   $61,230   $3,377,206 
Amortization expense   175,312    1,072,168    -    59,517    1,306,997 
Foreign currency translation adjustment   -    (184,538)   -    (11,257)   (195,795)
Balance as of September 30, 2022  $1,087,572   $2,731,346   $560,000   $109,490   $4,488,408 
SCHEDULE OF ESTIMATED AGGREGATE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Estimated aggregate amortization expense of intangible assets for the next five years and thereafter is as follows:

 

      
For the Years Ended December 31,  Total 
2022 (remaining period)  $632,147 
2023   1,892,641 
2024   1,687,137 
2025   1,678,365 
2026   1,400,729 
Thereafter   2,172,544 
Estimated aggregate amortization expense  $9,463,563