Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.21.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 6:- INTANGIBLE ASSETS, NET

    December 31,  
    2019     2018  
Cost:            
Technology   $ 4,284,315     $ 4,284,315  
Backlog     45,996       45,996  
                 
      4,330,311       4,330,311  
                 
Accumulated amortization (the Backlog was fully amortized):     936,898       508,467  
                 
Intangible assets, net   $ 3,393,413     $ 3,821,844  

Amortization expenses for the years ended December 31, 2019, 2018 and 2017 were $428,431, $470,773 and $37,694, respectively. The amortization for each of the next five (5) years should be $428,431.