NOTE 5 – INTANGIBLE ASSETS

*Amortized intangible assets*	*(in thousands)*
	As of March 31, 2021 ($)			As of March 31, 2020 ($)
Patents		220			125
Other intangibles		32			20
Accumulated amortization		(26	)		(10	)
Total amortized intangible assets		226			135

*Indefinite* *lived intangible assets*
Patents		181			107
Other intangibles		-			10
Total unamortized intangible assets		181			117
Total Intangible assets		407			252

The value of intangible assets includes the cost of acquiring patent rights, supporting data, and the expense associated with filing 12 patents. It also includes acquisition costs related to brands, domains, and licenses.

The amortization of patent and patent rights with finite life is up to 20 years, commencing from the date of grant or acquisition. The amortization expense in Fiscal 2021 and 2020, amounted to approximately $16 thousand and $10 thousand, respectively.

The Company regularly reviews its intangible assets to determine if any intangible asset is other-than-temporarily impaired, which would require the Company to record an impairment charge in the period and concluded that, as of March 31, 2021, there was no impairment.

Estimated amortization expense	*(in thousands)* ($)
For the year ended 2022		18
For the year ended 2023		19
For the year ended 2024		21
For the year ended 2025		23
For the year ended 2026		26