LONG – LIVED ASSETS (Details Narrative) - USD ($) |
10 Months Ended | 12 Months Ended |
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Dec. 31, 2020 |
Dec. 31, 2021 |
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Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 2,038 | $ 206,385 |
Amortization expense | $ 484 | $ 12,026 |
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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 The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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