INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF GOODWILL INDEFINITE AND FINITE LIVED INTANGIBLE ASSETS

As of June 30, 2022, the Company’s intangible assets consisted of:

Goodwill
Balance at December 31, 2021	$	1,587,634
Loss on currency translation		(25,691	)
Balance at June 30, 2022	$	1,561,943
Indefinite lived intangible assets
Balance at December 31, 2021	$	6,375,492
Loss on currency translation		(103,167	)
Balance at June 30, 2022	$	6,272,325
Definite lived intangible assets
Balance at December 31, 2021	$	548,436
Amortization		(84,375	)
Balance at June 30, 2022	$	464,061

SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSES

The Company amortizes definite lived intangible assets on a straight-line basis over their estimated useful lives. Amortization expense of identified intangible assets based on the carrying amount as of June 30, 2022 is as follows:

Year ending December 31,
2022 (excluding the six months ended June 30)	$	84,375
2023		168,750
2024		168,750
2025		42,186
	$	464,061