Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The following is a summary of goodwill activity for the six months ended September 30, 2014:

Balance, beginning of period	$	494,700
Acquisition of AKM		(216,565)
Acquisition of SCHC		161,559
Balance, end of period	$	439,694

Other Intangible Assets

Other intangible assets consisted of the following:

	Weighted-average life (Yrs)	Balance at March 31, 2014		Additions		Balance at September 30, 2014
Intangible assets:
Exclusivity	4.0	$	40,000	$	-	$	40,000
Non-compete	4.0		28,400		120,000		148,400
Payor relationships	5.0		-		94,000		94,000
Network relationships	5.0		-		910,000		910,000
Trade name	5.0		-		153,000		153,000
Totals			68,400		1,277,000		1,345,400

Accumulated amortization			(8,773)		(130,308)		(139,081)
Total other intangibles, net		$	59,627	$	1,146,692	$	1,206,319

Future Amortization Expense

Future amortization expense is estimated to be as follows for the period from October 1, 2014 to March 31, 2015 and for each for the five years ending March 31 thereafter:


October 1, 2014 to March 31, 2015	$	255,000
2016	$	326,000
2017	$	259,000
2018	$	192,000
2019	$	125,000
Thereafter	$	46,000