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

Intangible Assets, Net

v3.22.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 6:- INTANGIBLE ASSETS, NET

 

    December 31,  
    2020     2019  
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):     1,365,332       936,898  
                 
Intangible assets, net   $ 2,964,979     $ 3,393,413  

  

Amortization expenses for the years ended December 31, 2020, 2019 and 2018 were $428,434, $428,431 and $470,773, respectively. The amortization for each of the next five (5) years should be $428,434.