Goodwill and Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2016

The following is a summary of goodwill activity:

Balance at April 1, 2014	$	494,700
Acquisition of BCHC		398,467
Acquisition of HCHHA		268,989
Acquisition of SCHC		922,734

Acquisition of AKM		83,943
Balance at March 31, 2015		2,168,833

Impairment loss in AKM and decrease from disposal of ACC assets		(546,350)

Balance at March 31, 2016	$	1,622,483

Intangible assets, net consisted of the following:

	Weighted	Gross						Gross				Net
	Average	March 31,				Impairment/		March 31,		Accumulated		March 31,
	Life (Yrs)	2015		Additions		Disposal		2016		Amortization		2016
Indefinite Lived Assets:
Medicare License	N/A	$	704,000	$	-	$	-	$	704,000	$	-	$	704,000
Acquired Technology	5		-		1,312,500		-		1,312,500		-		1,312,500
Amortized intangible assets’
Exclusivity	4		40,000		-		(40,000)		-		-		-
Non-compete	4		185,400		-		(68,400)		117,000		(58,738)		58,262
Payor relationships	5		107,000		-		(107,000)		-		-		-
Network relationships	5		220,000		-		-		220,000		(73,333)		146,667
Trade name	5		257,000		-		(66,000)		191,000		(59,217)		131,783
		$	1,513,400	$	1,312,500	$	(281,400)	$	2,544,500	$	(191,288)	$	2,353,212

	Weighted	Gross				Gross				Net
	Average	April 1,				March 31,		Accumulated		March 31,
	Life (Yrs)	2014		Additions		2015		Amortization		2015
Indefinite Lived Assets:
Medicare License	N/A	$	-	$	704,000	$	704,000	$	-	$	704,000
Acquired Technology	5		-		-		-		-		-
Amortized intangible assets’
Exclusivity	4		40,000		-		40,000		(15,940)		24,060
Non-compete	4		28,400		157,000		185,400		(41,428)		143,972
Payor relationships	5		-		107,000		107,000		(16,050)		90,950
Network relationships	5		-		220,000		220,000		(29,333)		190,667
Trade name	5		-		257,000		257,000		(33,392)		223,608
		$	68,400	$	1,445,000	$	1,513,400	$	(136,143)	$	1,377,257

Future amortization expense is estimated to be approximately as follows for each for the five years ending March 31 thereafter: