Goodwill and Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2018

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

	Years Ended March 31,
	2018		2017
Balance at beginning of period	$	2,551,000	$	2,053,000
Goodwill acquired		-		498,000
Translation adjustment		-		-
Impairment		-		-

Balance at end of period	$	2,551,000	$	2,551,000

The following is a summary of acquired intangible assets subject to amortization at March 31:

		2018				2017
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	9 years	$	885,000	$	316,000	$	705,000	$	191,000
Customer relationships	13 years		5,900,000		2,937,000		5,900,000		2,421,000
Developed technology	3 years		301,000		67,000		-		-
Total		$	7,086,000	$	3,320,000	$	6,605,000	$	2,612,000

Amortization expense for acquired intangible assets is as follows:

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