Note 5 - Intangible Assets

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

5

- INTANGIBLE ASSETS

Intangible assets are being amortized using the straight-line method over periods ranging from

3

-

15

years with a weighted average remaining life of approximately

4.13

years.

	March 31, 2017									March 31, 2016
	Cost		Weighted Average Amortization Period (years)		Accumulated Amortization			Net Carrying Amount		Cost		Weighted Average Amortization Period (years)		Accumulated Amortization			Net Carrying Amount
Patents & Trademarks	$	20,934		15	$	(9,244	)	$	11,690	$	82,702		15	$	(69,616	)	$	13,086
Formulas											25,446		15		(25,446	)		-
Non-Compete Agreement											50,000		7		(50,000	)		-
Customer List											10,000		3		(10,000	)		-
	$	20,934			$	(9,244	)	$	11,690	$	168,148			$	(155,062	)	$	13,086

Amortization expense was

$1,395

for each of the years ended

March 31, 2017

and

2016.

Estimated aggregate future amortization expense related to intangible assets is as follows:

For the fiscal years ended March 31,
2018	$	1,395
2019		1,395
2020		1,395
2021		1,395
Thereafter		6,110
	$	11,690