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

Intangible Assets, Net

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Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET
NOTE 5: INTANGIBLE ASSETS, NET

 

    December 31,  
    2023     2022  
Cost:            
Technology   $ —     $ 4,284,315  
Backlog     —       45,996  
                 
      —       4,330,311  
                 
Accumulated amortization and impairment:                
Accumulated amortization     —       2,222,194  
Intangible asset impairment     —       2,108,117  
                 
      —       4,330,311  
                 
Intangible assets, net   $ —     $ —  

  

Amortization expenses for the years ended December 31, 2023, 2022 and 2021 were none, $428,431 and $428,431, 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.