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Intangible and Other Assets, Net | 3 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible and Other Assets, Net | Intangible and Other Assets, Net Intangible assets and other assets, net consisted of the following (in thousands):
| Useful Life |  | Gross Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Remaining Useful Life (Years)
June 30, 2023 |  |  |  |  |  |  |  |  |
Intangible Assets |  |  |  |  |  |  |  |  |
Toll-free telephone number | Indefinite |  | $ | 375 |  |  | $ | – |  |  | $ | 375 |  |  | Indefinite
Internet domain names | Indefinite |  | 485 |  |  | – |  |  | 485 |  |  | Indefinite
Trade Names - PetCareRx | Indefinite |  | 2,600 |  |  | – |  |  | 2,600 |  |  | Indefinite
Customer Relationships -PetCareRx | 7 years |  | 6,700 |  |  | (239) |  |  | 6,461 |  |  | 6.75
Developed Technology - PetCareRx | 3 years |  | 3,000 |  |  | (250) |  |  | 2,750 |  |  | 2.75
|  |  | $ | 13,160 |  |  | $ | (489) |  |  | $ | 12,671 |  |  |
Other Assets |  |  |  |  |  |  |  |  |
Initial minority interest investment in Vetster | N/A |  | 5,000 |  |  | – |  |  | 5,000 |  |  | N/A
Balance June 30, 2023 |  |  | $ | 18,160 |  |  | $ | (489) |  |  | $ | 17,671 |  |  |
March 31, 2023 |  |  |  |  |  |  |  |  |
Intangible Assets |  |  |  |  |  |  |  |  |
Toll-free telephone number | Indefinite |  | $ | 375 |  |  | $ | – |  |  | $ | 375 |  |  | Indefinite
Internet domain names | Indefinite |  | 485 |  |  | – |  |  | 485 |  |  | Indefinite
|  |  | $ | 860 |  |  | $ | – |  |  | $ | 860 |  |  |
Other Assets |  |  |  |  |  |  |  |  |
Initial minority interest investment in Vetster | N/A |  | 5,000 |  |  | – |  |  | 5,000 |  |  | N/A
Balance March 31, 2023 |  |  | $ | 5,860 |  |  | $ | – |  |  | $ | 5,860 |  |  |
Amortization expense for intangible assets was $0.5 million and zero for the three months ended June 30, 2023 and 2022, respectively. The indefinite life intangibles are not being amortized and are subject to an annual review for impairment in accordance with the ASC Topic 350 (“Goodwill and Other Intangible Assets”). On April 19, 2022, the Company engaged in a three-year partnership agreement with Vetster Inc. (“Vetster”), a veterinary telehealth Canadian company. The Company also purchased a 5% minority interest in Vetster in the amount of $5.0 million and received warrants for additional equity in Vetster, which are tied to future performance milestones. Under the terms of the agreement, the Company became the exclusive e-commerce provider for Vetster, and Vetster became the exclusive provider of telehealth and telemedicine services to the Company. The minority interest investment is being valued on the cost basis and the investment will be evaluated periodically for any impairment.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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