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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2022
INTANGIBLE ASSETS  
NOTE 7 - INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

 

Intangible assets, net, consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(Unaudited)

 

 

 

Distribution software

 

$38,970

 

 

$38,980

 

Patents acquired from related party

 

 

12,470

 

 

 

12,483

 

Total intangible assets

 

 

51,440

 

 

 

51,463

 

Less: Accumulated amortization

 

 

(14,678)

 

 

(12,587)

Intangible assets, net

 

$36,762

 

 

$38,876

 

 

For the three-months ended March 31, 2022 and 2021, amortization of intangible assets expense was $2,051 and $2,154, respectively.

 

At March 31, 2022, the expected future amortization of intangible assets expense was:

 

Year ending December 31, 2022

 

 

6,306

 

Year ending December 31, 2023

 

 

8,420

 

Year ending December 31, 2024

 

 

8,420

 

Year ending December 31, 2025

 

 

2,533

 

Thereafter

 

 

11,083

 

Total

 

$36,762