Goodwill and Intangible Assets

6 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill

The following summarizes the changes in the Company’s goodwill:

	Six Months Ended September 30,
	2018		2017
Balance at beginning of period	$	2,551,000	$	2,551,000
Goodwill acquired		-		-
Translation adjustment		-		-
Impairment		-		-
Balance at end of period	$	2,551,000	$	2,551,000

Intangible Assets

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

		September 30, 2018				March 31, 2018
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	9 years	$	885,000	$	392,000	$	885,000	$	316,000
Customer relationships	13 years		5,900,000		3,195,000		5,900,000		2,937,000
Developed technology	3 years		299,000		117,000		301,000		67,000
Total		$	7,084,000	$	3,704,000	$	7,086,000	$	3,320,000

Amortization expense for acquired intangible assets is as follows:

	Three Months Ended September 30,				Six Months Ended September 30,
	2018		2017		2018		2017
Amortization expense	$	192,000	$	180,000	$	384,000	$	325,000

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

Year Ending March 31,
2019 - remaining six months	$	385,000
2020		710,000
2021		613,000
2022		580,000
2023		580,000
Thereafter		512,000
Total	$	3,380,000