Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
 3 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 5 – INTANGIBLE ASSETS:

Intangible assets are comprised of the following:

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Impairment

Loss

 

 

Net

Carrying

Amount

 

At June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

2,700

 

 

$

1,357

 

 

$

—

 

 

$

1,343

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Permits

 

$

10,300

 

 

$

—

 

 

$

8,600

 

 

$

1,700

 

Tradename

 

 

2,500

 

 

 

—

 

 

 

500

 

 

 

2,000

 

 

 

$

12,800

 

 

$

—

 

 

$

9,100

 

 

$

3,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

2,700

 

 

$

1,312

 

 

$

—

 

 

$

1,388

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Permits

 

$

10,300

 

 

$

—

 

 

$

8,600

 

 

$

1,700

 

Tradename

 

 

2,500

 

 

 

—

 

 

 

500

 

 

 

2,000

 

 

 

$

12,800

 

 

$

—

 

 

$

9,100

 

 

$

3,700

 

 

 

Intangible assets are amortized on a straight line basis over the estimated useful lives.  Intangible amortization expense for each of the three-month periods ended June 30, 2018 and 2017 was $45.  As of June 30, 2018, amortization expense is estimated to be $135 for the remainder of fiscal 2019 and $180 in each of the fiscal years ending March 31, 2020, 2021, 2022 and 2023.