Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

3.	Goodwill and Intangible Assets

Goodwill

There was no change in Goodwill as of June 30, 2017 and March 31, 2017.

Intangible Assets, Net

Intangible assets, net consisted of the following:

	Weighted		Gross				Net
	Average		June 30,		Accumulated		June 30,
	Life (Yrs.)		2017		Amortization		2017
Indefinite Lived Assets:
Medicare License		N/A	$	704,000	$	-	$	704,000

Amortized Intangible Assets:
Acquired Technology		5		1,312,500		(328,125)		984,375
Network Relationships		5		220,000		(128,333)		91,667
Trade Name		5		102,000		(59,500)		42,500
			$	2,338,500	$	(515,958)	$	1,822,542

	Weighted		Gross				Net
	Average		March 31,		Accumulated		March 31,
	Life (Yrs.)		2017		Amortization		2017
Indefinite Lived Assets:
Medicare License		N/A	$	704,000	$	-	$	704,000

Amortized Intangible Assets:
Acquired Technology		5		1,312,500		(262,500)		1,050,000
Non-Compete		4		94,672		(94,672)		-
Network Relationships		5		220,000		(117,331)		102,669
Trade Name		5		145,017		(97,417)		47,600
			$	2,476,189	$	(571,920)	$	1,904,269

There were no additions to the intangible assets in the three months ended June 30, 2017. The amortization expense for the three months ended June 30, 2017 and 2016 was approximately $82,000 and $95,000, respectively.

The following table summarizes the approximate expected future amortization expense as of June 30, 2017 of definite-lived intangible assets for each for the four fiscal years ending March 31 thereafter:

2018 (remaining 9 months)	$	245,000
2019		327,000
2020		284,000
2021		262,542
	$	1,118,542

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details