v3.25.2
Note 4 - Intangible Assets
 12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

NOTE 4 - INTANGIBLE ASSETS

 

Intangible assets are being amortized using the straight-line method over periods ranging from 10-15 years with a weighted average remaining life of approximately 6 years.

 

 

   

Cost

    

Weighted

Average

Amortization

Period

(Years)

    

Accumulated Amortization

    

Net Carrying Amount

    

Cost

    

Weighted

Average

Amortization

Period

(Years)

    

Accumulated Amortization

    

Net Carrying

Amount

  

Patents & Trademarks

   $ 35,794       10 - 15     $ (27,982 )   $ 7,812     $ 35,794       10 - 15     $ (25,516 )   $ 10,278  

Software

   $ 14,515       3     $ (7,260 )   $ 7,255     $ 14,515       3     $ (2,420 )   $ 12,095  
                                                                 
    $ 50,309             $ (35,242 )   $ 15,067     $ 50,309             $ (27,936 )   $ 22,373  

 

Amortization expense was $,$7,306 and 5,305 for the years ended March 31, 2025 and 2024, respectively.

 

Estimated aggregate future amortization expense related to intangible assets is as follows:

 

 

For the fiscal years ended March 31,

        

2026

   $ 6,817  

2027

     4,140  

2028

     1,724  

2029

     1,551  

2030

     835  
         
    $ 15,067