Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.21.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
INTANGIBLE ASSETS  
Schedule of Intangible assets

Intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

    

December 31, 

 

    

2020

    

2019

Acquired data

 

$

1,300,336

 

$

 —

Acquired software

 

 

100,000

 

 

100,000

 

 

 

1,400,336

 

 

100,000

Less: accumulated amortization

 

 

(328,486)

 

 

(16,667)

Intangible assets, net

 

$

1,071,850

 

$

83,333

 

Schedule of estimated future amortization expense

The estimated future amortization expense is as follows:

 

 

 

 

 

For the Years Ending December 31,

    

Total

2021

 

$

285,414

2022

 

 

252,081

2023

 

 

252,081

2024

 

 

252,081

2025

 

 

30,193

 

 

$

1,071,850