INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

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. Intangible Assets with indefinite useful life consist of a Lifeline License granted by the FCC.

The Lifeline License, because of the nature of the asset and the limitation on the number of granted licenses by the FCC, will not be amortized. The Lifeline License was acquired through an acquisition. The fair market value of the License as of June 30, 2022, was $634,251.

	June 30, 2022			December 31, 2021
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	)		(3,542,963	)
Net Amortizable Intangibles		634,251			634,251
Right of Use Assets - net		211,126			173,524
Intangible Assets net	$	845,377		$	807,775

Amortization expense amounted to $0, and $200,583 for the three months ended June 30, 2022, and 2021, respectively. Amortization expense amounted to $0, and $401,167 for the six months ended June 30, 2022, and 2021, respectively. Amortization expense is included as a component of operating expenses in the accompanying statements of operations. Current intangible assets, except for the Lifeline License, were fully amortized as of December 31, 2021.