|9 Months Ended|
Sep. 30, 2021
|Goodwill and Intangible Assets Disclosure [Abstract]|
NOTE 7 – INTANGIBLE ASSETS
The components of intangible assets, all of which are finite lived, were as follows:
Preliminary estimated intangible assets are being amortized over preliminary estimated useful lives of between one and ten years and subject to revision when the purchase price allocation for American Robotics, Inc, acquisition is complete.
Amortization expense for the three months ended September 30, 2021 and 2020 was $662,622 and $640, respectively. Amortization expense for the nine months ended September 30, 2021 and 2020 was $682,239 and $13,152, respectively.
Estimated amortization expense for the next five years for the intangible costs currently being amortized is as follows:
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef