Goodwill

12 Months Ended

Mar. 31, 2021

Goodwill [Abstract]

Goodwill

Goodwill

The following summarizes the changes in the carrying amount of goodwill for the years ended March 31, 2021 and 2020:

	2021		2020
Balance at beginning of year:
Goodwill	$	7,450,422	7,114,094
Accumulated goodwill impairment losses	(79,631)		(79,631)
Goodwill, net	$	7,370,791	7,034,463
Goodwill acquired during the year	$	—	336,328
Impairment losses	—		—
Balance at end of year:
Goodwill	$	7,450,422	7,450,422
Accumulated goodwill impairment losses	(79,631)		(79,631)
Goodwill, net	$	7,370,791	7,370,791

The Company performed an annual impairment test during the fourth quarters of fiscal 2021 and 2020 and determined none of its recorded goodwill was impaired.