GOODWILL AND OTHER INTANGIBLE ASSETS (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||
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Aug. 31, 2020 |
Oct. 31, 2011 |
Dec. 31, 2020 |
Dec. 31, 2019 |
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Goodwill And Intangible Assets Disclosure [Abstract] | ||||
Goodwill resulted from assets acquisition | $ 1,091,000 | |||
Amortization expense | $ 1,908,858 | $ 1,517,009 | ||
Increase in finite-lived intangible assets | $ 10,400,000 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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