v3.7.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | Intangible assets consist of the following:
|  | March 31, |
|  | 2017 |  |  | 2016 |
Definite life brands |  | $ | 170,000 |  |  | $ | 170,000 |
Trademarks |  |  | 631,693 |  |  |  | 631,693 |
Rights |  |  | 8,271,555 |  |  |  | 8,271,555 |
Product development |  |  | 186,668 |  |  |  | 185,207 |
Patents |  |  | 994,000 |  |  |  | 994,000 |
Other |  |  | 55,460 |  |  |  | 55,460 |
|  |  | 10,309,376 |  |  |  | 10,307,915 |
Less: accumulated amortization |  |  | 8,035,018 |  |  |  | 7,372,585 |
Net |  |  | 2,274,358 |  |  |  | 2,935,330 |
Other identifiable intangible assets — indefinite lived* |  |  | 4,112,972 |  |  |  | 4,112,972 |
|  | $ | 6,387,330 |  |  | $ | 7,048,302 |
* Other identifiable intangible assets — indefinite lived consists of product formulations and the Company’s relationships with its distillers.
Schedule of Accumulated Amortization | Accumulated amortization consists of the following:
|  | March 31, |
|  | 2017 |  |  | 2016 |
Definite life brands |  | $ | 170,000 |  |  | $ | 170,000 |
Trademarks |  |  | 367,294 |  |  |  | 331,366 |
Rights |  |  | 6,617,062 |  |  |  | 6,065,111 |
Product development |  |  | 37,478 |  |  |  | 29,188 |
Patents |  |  | 843,184 |  |  |  | 776,920 |
Accumulated amortization |  | $ | 8,035,018 |  |  | $ | 7,372,585 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated aggregate amortization expense for each of the next five fiscal years is as follows:
Years ending March 31, |  |  | Amount |
2018 |  |  | $ | 246,884 |
2019 |  |  |  | 228,551 |
2020 |  |  |  | 190,384 |
2021 |  |  |  | 188,246 |
2022 |  |  |  | 183,769 |
Total |  |  | $ | 1,037,834 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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