v3.7.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
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