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INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2022
INTANGIBLE ASSETS  
Note 7 - INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

 

Intangible assets, net, consisted of the following:

  

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(Unaudited)

 

 

 

 

Distribution software

 

$34,784

 

 

$38,980

 

Experience center software

 

 

39,772

 

 

 

-

 

Patents acquired from related party

 

 

11,131

 

 

 

12,483

 

Total intangible assets

 

 

85,687

 

 

 

51,463

 

Less: Accumulated amortization

 

 

(17,190)

 

 

(12,587)

Intangible assets, net

 

$68,497

 

 

$38,876

 

 

For the three-months ended September 30, 2022 and 2021, amortization of intangible assets expense was $2,208 and $1,644, respectively.

 

For the nine-months ended September 30, 2022 and 2021, amortization of intangible assets expense was $6,253 and $5,988, respectively.

 

At September 30, 2022, the expected future amortization of intangible assets expense was:

 

Year ending December 31, 2022

 

 

11,438

 

Year ending December 31, 2023

 

 

15,546

 

Year ending December 31, 2024

 

 

15,546

 

Year ending December 31, 2025

 

 

9,659

 

Thereafter

 

 

16,308

 

Total

 

$68,497