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Other Intangible Assets (Tables)
12 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Other intangible assets consisted of the following at March 31, 2024:

 

Item

 

Life

 

Cost

 

 

Fiscal 2024 Amortization
Expense

 

 

Accumulated
Amortization at
March 31, 2024

 

 

Cost, Net of
Accumulated
Amortization at
March 31, 2024

 

Covenant Not to Compete

 

5 years

 

$

775,000

 

 

$

 

 

$

775,000

 

 

$

 

Customer Relationships

 

18-20 years

 

 

7,922,000

 

 

 

421,000

 

 

 

7,101,000

 

 

 

821,000

 

Third Party Administrator Licenses

 

15 years

 

 

204,000

 

 

 

2,000

 

 

 

204,000

 

 

 

 

Total

 

 

 

$

8,901,000

 

 

$

423,000

 

 

$

8,080,000

 

 

$

821,000

 

Other intangible assets consisted of the following at March 31, 2023:

 

Item

 

Life

 

Cost

 

 

Fiscal 2023 Amortization
Expense

 

 

Accumulated
Amortization at
March 31, 2023

 

 

Cost, Net of
Accumulated
Amortization at
March 31, 2023

 

Covenant Not to Compete

 

5 years

 

$

775,000

 

 

$

 

 

$

775,000

 

 

$

 

Customer Relationships

 

18-20 years

 

 

7,922,000

 

 

 

421,000

 

 

 

6,678,000

 

 

 

1,244,000

 

Third Party Administrator Licenses

 

15 years

 

 

204,000

 

 

 

4,000

 

 

 

204,000

 

 

 

 

Total

 

 

 

$

8,901,000

 

 

$

425,000

 

 

$

7,657,000

 

 

$

1,244,000