Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Intangible Assets  
Following minimum payments of ESG

 

 

Minimum Payments

 

Years from the Trigger Date:

 

For Year Ended

 

Year two

 

$ 500,000

 

Year three

 

 

750,000

 

Year four

 

 

1,250,000

 

Year five

 

 

1,750,000

 

Year six

 

 

2,250,000

 

Year seven

 

 

2,750,000

 

Year eight

 

 

3,250,000

 

Year nine and after

 

 

3,250,000

 

Consisted intangible assets

 

 

June 30,

2022

 

 

December 31,

2021

 

ESG Clean Energy License

 

$ 5,000,000

 

 

$ 5,000,000

 

Accumulated amortization

 

 

(267,253 )

 

 

(114,175 )

 

 

$ 4,732,747

 

 

$ 4,885,825

 

Other intangibles

 

 

June 30,

2021

 

 

December 31,

2021

 

Simmax Brand

 

$ 2,230,673

 

 

$ 2,230,673

 

Customer Relationships

 

 

1,677,453

 

 

 

1,677,453

 

Accumulated amortization

 

 

(117,191 )

 

 

(34,009 )

 

 

$ 3,790,935

 

 

$ 3,874,117