Intangible Assets

9 Months Ended

Dec. 31, 2016

Intangible Assets [Abstract]

Intangible Assets

3. Intangible Assets

The following is a summary of acquired intangible assets subject to amortization: 

		December 31, 2016				March 31, 2016
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	11 years	$	705,000	$	175,000	$	705,000	$	127,000
Non-compete agreement	1 year		33,000		21,000		-		-
Customer relationships	13 years		5,900,000		2,292,000		5,900,000		1,905,000
Total		$	6,638,000	$	2,488,000	$	6,605,000	$	2,032,000

Amortization expense for acquired intangible assets is as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016		2015
Amortization expense	$	166,000	$	145,000	$	456,000	$	476,000

The estimated future amortization expense for acquired intangible assets subject to amortization is as follows:

Year Ending March 31,
2017 - remaining three months	$	157,000
2018		580,000
2019		580,000
2020		580,000
2021		580,000
Thereafter		1,673,000
Total	$	4,150,000