Goodwill and Intangible Assets (Tables)

6 Months Ended

Sep. 30, 2017

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

	Six Months Ended September 30,
	2017		2016
Balance at beginning of period	$	2,551,000	$	2,053,000
Goodwill acquired		-		423,000
Translation adjustment		-		-
Impairment		-		-
Balance at end of period	$	2,551,000	$	2,476,000

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

		September 30, 2017				March 31, 2017
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	9 years	$	903,000	$	240,000	$	705,000	$	191,000
Customer relationships	13 years		5,900,000		2,679,000		5,900,000		2,421,000
Developed technology	3 years		325,000		18,000		-		-
Total		$	7,128,000	$	2,937,000	$	6,605,000	$	2,612,000

Amortization expense for acquired intangible assets is as follows:

	Three Months Ended September 30,				Six Months Ended September 30,
	2017		2016		2017		2016

Amortization expense	$	180,000	$	145,000	$	325,000	$	290,000

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