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INTANGIBLE ASSETS
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
INTANGIBLE ASSETS    
NOTE 7 - INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

 

Intangible assets, net, consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Distribution software

 

$38,376

 

 

$37,914

 

Patents acquired from related party (Note 12)

 

 

12,280

 

 

 

21,232

 

Total intangible assets

 

 

50,656

 

 

 

59,146

 

Less: Accumulated amortization

 

 

(10,310)

 

 

(4,234)

Intangible assets, net

 

$40,346

 

 

$54,912

 

 

For the nine-months ended September 30, 2021 and 2020, amortization of intangible assets expense was $5,988 and $1,929, respectively.

 

At September 30, 2021, the expected future amortization of intangible assets expense was:

 

Year ending December 31, 2021

 

$2,072

 

Year ending December 31, 2022

 

 

8,289

 

Year ending December 31, 2023

 

 

8,289

 

Year ending December 31, 2024

 

 

8,289

 

Year ending December 31, 2025

 

 

2,533

 

Thereafter

 

 

10,874

 

Total

 

$40,346

 

NOTE 7 – INTANGIBLE ASSETS

 

Intangible assets, net, consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Distribution software

 

$37,906

 

 

$-

 

Patents acquired from related party (Note 11)

 

 

21,239

 

 

 

-

 

Total intangible assets

 

 

59,145

 

 

 

-

 

Less: Accumulated amortization

 

 

(4,233)

 

 

-

 

Intangible assets, net

 

$54,912

 

 

$-

 

 

For the years ended December 31, 2020 and 2019, amortization of intangible assets expense was $4,096 and $0, respectively.

At December 31, 2020, the expected future amortization of intangible assets expense was:

 

Year ending December 31, 2021

 

 

8,632

 

Year ending December 31, 2022

 

 

8,632

 

Year ending December 31, 2023

 

 

8,632

 

Year ending December 31, 2024

 

 

8,632

 

Year ending December 31, 2025

 

 

4,846

 

Thereafter

 

 

15,538

 

Total

 

$54,912