v3.8.0.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | NOTE 6 - GOODWILL AND INTANGIBLE ASSETS The carrying amount of goodwill was $496,226 at each of March 31, 2018 and 2017. Intangible assets consist of the following:
|  | March 31, |
|  | 2018 |  |  | 2017 |
Definite life brands |  | $ | 170,000 |  |  | $ | 170,000 |
Trademarks |  |  | 641,693 |  |  |  | 631,693 |
Rights |  |  | 8,271,555 |  |  |  | 8,271,555 |
Product development |  |  | 208,518 |  |  |  | 186,668 |
Patents |  |  | 994,000 |  |  |  | 994,000 |
Other |  |  | 55,460 |  |  |  | 55,460 |
|  |  | 10,341,226 |  |  |  | 10,309,376 |
Less: accumulated amortization |  |  | 8,485,253 |  |  |  | 8,035,018 |
Net |  |  | 1,855,973 |  |  |  | 2,274,358 |
Other identifiable intangible assets - indefinite lived* |  |  | 4,112,972 |  |  |  | 4,112,972 |
|  | $ | 5,968,945 |  |  | $ | 6,387,330 |
* Other identifiable intangible assets - indefinite lived consists of product formulations and the Company’s relationships with its distillers. Accumulated amortization consists of the following:
|  | March 31, |
|  | 2018 |  |  | 2017 |
Definite life brands |  | $ | 170,000 |  |  | $ | 170,000 |
Trademarks |  |  | 403,617 |  |  |  | 367,294 |
Rights |  |  | 6,954,303 |  |  |  | 6,617,062 |
Product development |  |  | 47,880 |  |  |  | 37,478 |
Patents |  |  | 909,453 |  |  |  | 843,184 |
Accumulated amortization |  | $ | 8,485,253 |  |  | $ | 8,035,018 |
Amortization expense for the years ended March 31, 2018, 2017 and 2016 totaled $450,234, $663,712 and $658,811, respectively. Estimated aggregate amortization expense for each of the next five fiscal years is as follows:
Years ending March 31, |  | Amount |
2019 |  | $ | 231,596 |
2020 |  |  | 193,431 |
2021 |  |  | 191,289 |
2022 |  |  | 186,806 |
2023 |  |  | 166,823 |
Total |  | $ | 969,945 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration