Schedule of changes to goodwill |
Changes to goodwill during the six months ended September 30, 2021 were as follows:
|
|
|
|
|
|
Total |
Balance—March 31, 2021 |
|
$ |
4,282,984 |
Adjustments to goodwill |
|
|
— |
Balance— September 30, 2021 |
|
$ |
4,282,984 |
|
Schedule of intangible assets |
Intangible assets consist of the following at September 30, 2021 and March 31, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Patents & |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exclusive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
License |
|
|
|
|
Customer |
|
Non-Compete |
|
Assembled |
|
|
|
|
|
Agreement |
|
Trademark |
|
Relationships |
|
Agreement |
|
Workforce |
|
Total |
Useful Life |
|
9.74 years |
|
Indefinite |
|
10 years |
|
2 years |
|
1 year |
|
|
|
Gross carrying amount |
|
$ |
1,306,031 |
|
$ |
2,505,907 |
|
$ |
1,431,680 |
|
$ |
61,366 |
|
$ |
275,720 |
|
$ |
5,580,704 |
Impairment |
|
|
(316,388) |
|
|
(1,905,907) |
|
|
(857,298) |
|
|
— |
|
|
— |
|
|
(3,079,593) |
Accumulated amortization |
|
|
(652,372) |
|
|
— |
|
|
(574,382) |
|
|
(61,366) |
|
|
(275,720) |
|
|
(1,563,840) |
Balance—September 30, 2021 |
|
$ |
337,271 |
|
$ |
600,000 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
937,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Patents & |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exclusive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
License |
|
|
|
|
Customer |
|
Non-Compete |
|
Assembled |
|
|
|
|
|
Agreement |
|
Trademark |
|
Relationships |
|
Agreement |
|
Workforce |
|
Total |
Useful Life |
|
9.74 years |
|
Indefinite |
|
10 years |
|
2 years |
|
1 year |
|
|
Gross carrying amount |
|
$ |
1,306,031 |
|
$ |
2,505,907 |
|
$ |
1,431,680 |
|
$ |
61,366 |
|
$ |
275,720 |
|
$ |
5,580,704 |
Impairment |
|
|
(316,388) |
|
|
(1,905,907) |
|
|
(857,298) |
|
|
— |
|
|
— |
|
|
(3,079,593) |
Accumulated amortization |
|
|
(613,092) |
|
|
— |
|
|
(574,382) |
|
|
(61,366) |
|
|
(275,720) |
|
|
(1,524,560) |
Balance—March 31, 2021 |
|
$ |
376,551 |
|
$ |
600,000 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
976,551 |
|