Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

Description   March 31, 2022     December 31, 2021  
Indefinite lived intangible assets:                
Domain name   $ 20,000     $ 20,000  
Goodwill   $ 146,838     $ 109,983  
Total indefinite lived intangible assets   $ 166,838     $ 129,983  
                 
Other intangible assets:                
Trademarks   $ 123,024     $ 103,258  
Software     539,036       503,517  
Customer list     921,486       855,073  
Non-compete     1,698       858  
Loading rack license     58,858       -  
Technology license     2,950,000       2,950,000  
Total other intangible assets   $ 4,594,102     $ 4,412,706  
Accumulated amortization     (1,442,814 )     (1,205,379 )
Total other intangible assets, net   $ 3,151,288     $ 3,207,327  
Schedule of Future Amortization Expense for Intangible Assets

Future amortization schedule for intangible assets as of March 31, 2022 is as follows:

 

         
2022 (April to December)     681,724  
2023     834,205  
2024     747,659  
2025     633,941  
2026     246,507  
2027     7,252  
TOTAL   $ 3,151,288