NOTE 5 – INTANGIBLE ASSETS

Amortized intangible assets	(in thousands)
	As of December 31, 2020 ($)			As of March 31, 2020 ($)
Patents		156			125
Other intangibles		20			20
Accumulated amortization		(20	)		(10	)
Total amortized intangible assets		156			135

Indefinite lived intangible assets
Patents		184			107
Trademarks		21			10
Other intangibles		23			-
Total unamortized intangible assets		228			117
Total Intangible assets		384			252

The value of intangible assets includes the cost of acquiring patent rights, supporting data, and the expense associated with filing approximately 12 patents and 35 trademarks. 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 the three months ended December 31, 2020 and 2019, amounted to approximately $4 thousand and $2 thousand, respectively, whereas the amortization expense in the nine months ended December 31, 2020 and 2019, amounted to approximately $10 thousand and $6 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 December 31, 2020, there was no impairment.

Estimated amortization expense	(in thousands) ($)
For the year ended 2021		14
For the year ended 2022		15
For the year ended 2023		17
For the year ended 2024		19
For the year ended 2025		20