Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.23.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL

Intangible assets, net consists of the following:

 

    December 31, 2022  
    Gross          
    Carrying     Accumulated        
    Amount     Amortization     Net  
Formulas   $ 135,000     $ -     $ 135,000  
Domain names     44,002       599       43,403  
Trademark     20,000       -       20,000  
Intangible Assets   $ 199,002     $          599     $ 198,403  

 

    December 31, 2021  
    Gross          
    Carrying     Accumulated        
    Amount     Amortization     Net  
Trademark   $ 20,000     $ -     $ 20,000  
Intangible Assets   $ -     $              -     $ 20,000  
SCHEDULE OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS

As of December 31, 2022, future expected amortization expense of Intangible assets was as follows:

 

2023   $ 6,717  

Fiscal Period:

      
2023   $ 6,717  
2024     6,717  
2025     6,717  
2026     6,717  
2027     6,717  
Thereafter     9,818  
Total amortization remaining   $ 43,403  
SCHEDULE OF GOODWILL

The changes in the carrying amounts of goodwill during the year ended December 31, 2022 were as follows.

 

Balance at December 31, 2021   $ -  
Acquisition of AOS     12,089,871  
Acquisition of Skylar     20,746,692  
Measurement period adjustments     -  
Balance at December 31, 2022   $ 32,836,563