Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Intangible Assets and Goodwill

v3.22.2.2
Note 12 - Intangible Assets and Goodwill
 9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 12 – INTANGIBLE ASSETS AND GOODWILL

 

Intangible assets, net consists of the following:

   

September 30, 2022

  
    Gross     Accumulated     Net  
    Carrying     Amortization        
   

Amount

    

 

    

 

  

Trademark

   $ 20,000     $ -     $ 20,000  

Domain name

     17,309       143       17,166  

Intangible Assets

   $ 37,309     $ 143     $ 37,166  

 

 

   

September 30, 2021

  
    Gross     Accumulated     Net  
    Carrying     Amortization        
   

Amount

    

 

    

 

  

Trademark

   $ 20,000     $ -     $ 20,000  

Intangible Assets

   $ -     $ -     $ 20,000  

 

As of September 30, 2022, future expected amortization expense of Intangible assets was as follows:

 

Fiscal Period:

        

Remainder of 2022

   $ 419  

2023

     1,717  

2024

     1,717  

2025

     1,717  

2026

     1,717  

2027

     1,717  

Thereafter

     8,162  

Total amortization remaining

   $ 17,166  

 

The changes in the carrying amounts of goodwill during the nine months ended September 30, 2022 were as follows.

 

Balance at December 31, 2021

   $ -  

Acquisitions

     9,898,731  

Measurement period adjustments

     -  

Balance at September 30, 2022

   $ 9,898,731  

 

As of September 30, 2022, all goodwill recognized is allocated to the AOS acquisition.