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INTANGIBLE ASSETS

3 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5 – INTANGIBLE ASSETS

	*(in thousands)*
	As of June 30, 2022 ($)			As of March 31, 2022 ($)
*Amortized intangible assets*
Patents		522			290
Other intangibles		32			32
Accumulated amortization		(61	)		(51	)
Total amortized intangible assets		493			271

*Other intangible assets*
Patents		444			646
Other intangibles		-			-
Total unamortized intangible assets		444			646
Total intangible assets		937			917

The value of intangible assets includes the cost of acquiring patent rights, supporting data, and the expense associated with filing 15 patents. It also includes acquisition costs related to 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 June 30, 2022, and 2021, amounted to approximately $10 thousand and $5 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 June 30, 2022, there was no impairment.

Estimated amortization expense	*(in thousands)* *($)*
For the year ended 2024		11
For the year ended 2025		12
For the year ended 2026		14
For the year ended 2027		15
For the year ended 2028		16