Other Intangible Assets

12 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Note 13 — Other Intangible Assets

Other intangible assets consisted of the following at March 31, 2022:


Item	Life	Cost		Fiscal 2022 Amortization Expense		Accumulated Amortization at March 31, 2022		Cost, Net of Accumulated Amortization at March 31, 2022
Covenant Not to Compete	5 years	$	775,000	$	—	$	775,000	$	—
Customer Relationships	18-20 years		7,922,000		422,000		6,258,000		1,664,000
Third Party Administrator Licenses	15 years		204,000		13,000		199,000		5,000
Total		$	8,901,000	$	435,000	$	7,232,000	$	1,669,000

Other intangible assets consisted of the following at March 31, 2021:


Item	Life	Cost		Fiscal 2021 Amortization Expense		Accumulated Amortization at March 31, 2021		Cost, Net of Accumulated Amortization at March 31, 2021
Covenant Not to Compete	5 years	$	775,000	$	—	$	775,000	$	—
Customer Relationships	18-20 years		7,922,000		421,000		5,836,000		2,086,000
Third Party Administrator Licenses	15 years		204,000		14,000		186,000		18,000
Total		$	8,901,000	$	435,000	$	6,797,000	$	2,104,000

Amortization expense is expected to be $427,000 in fiscal 2023, $422,000 in fiscal 2024, $384,000 in fiscal 2025, $175,000 in fiscal 2026, $174,000 in fiscal 2027, and $87,000 thereafter.