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

Intangible Assets, Net

v3.23.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2022
Intangible Assets, Net Disclosure [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 6: INTANGIBLE ASSETS, NET

 

    December 31,  
    2022     2021  
Cost:            
Technology   $ 4,284,315     $ 4,284,315  
Backlog     45,996       45,996  
                 
      4,330,311       4,330,311  
                 
Accumulated amortization and impairment:                
Accumulated amortization     2,222,194       1,793,763  
Intangible asset impairment     2,108,117      
—
  
                 
      4,330,311       1,793,763  
                 
Intangible assets, net   $
—
     $ 2,536,548  

  

Amortization expenses for the years ended December 31, 2022, 2021 and 2020 were $428,431, $428,431 and $428,434, respectively. Furthermore, as of December 31, 2022, the Group recorded an impairment charge of $2,108,117, which equals to the remaining technology net amount. See Note 2.h. for further information.