Other Intangible Assets

12 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 13 — Other Intangible Assets

Other intangible assets consisted of the following at March 31, 2025:


Item	Life	Cost		Fiscal 2025 Amortization Expense		Accumulated Amortization at March 31, 2025		Cost, Net of Accumulated Amortization at March 31, 2025
Covenant Not to Compete	5 years	$	775,000	$	—	$	775,000	$	—
Customer Relationships	18-20 years		7,922,000		383,000		7,484,000		438,000
Third Party Administrator Licenses	15 years		204,000		—		204,000		—
Total		$	8,901,000	$	383,000	$	8,463,000	$	438,000

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

Amortization expense is expected to be $175,000 in fiscal 2026, $174,000 in fiscal 2027, $42,000 in fiscal 2028, $18,000 in fiscal 2029, $18,000 in fiscal 2030, and $11,000 thereafter.