INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

Intangible Assets with definite useful life consist of licenses, customer lists and software that were acquired through acquisitions: 

	December 31,
	2021			2020
Customer List	$	1,135,962		$	1,135,962
Software		2,407,001			2,407,001
ETC License		634,251			634,251
Less: Amortization		(3,542,963	)		(2,740,629	)
Net Amortizable Intangibles		634,251			1,436,585
Right of Use Assets - net		173,524			80,578
Intangible Assets net	$	807,775		$	1,517,163

Amortization expense amounted to $802,334 and $802,334 for the years ended December 31, 2021, and 2020, respectively. Amortization expense is included as a component of operating expenses in the accompanying statements of operations. With the exception of the license granted by the FCC, all intangible assets are fully amortized as of December 31, 2021.

Intangible Assets with indefinite useful life consist of the Lifeline license granted by the FCC. The license, because of the nature of the asset and the limitation on the number of granted Lifeline licenses by the FCC, will not be amortized. The license was acquired through an acquisition. The fair market value of the license as of December 31, 2021, and December 31, 2020, was $634,251.