| Other Intangible Assets |
Other intangible assets consisted of the following at March 31, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Item |
|
Life |
|
Cost |
|
|
Fiscal 2026 Amortization
Expense |
|
|
Accumulated
Amortization at
March 31, 2026 |
|
|
Cost, Net of
Accumulated
Amortization at
March 31, 2026 |
|
Covenant Not to Compete |
|
5 years |
|
$ |
775,000 |
|
|
$ |
— |
|
|
$ |
775,000 |
|
|
$ |
— |
|
Customer Relationships |
|
18-20 years |
|
|
7,922,000 |
|
|
|
175,000 |
|
|
|
7,659,000 |
|
|
|
263,000 |
|
Third Party Administrator Licenses |
|
15 years |
|
|
204,000 |
|
|
|
— |
|
|
|
204,000 |
|
|
|
— |
|
Total |
|
|
|
$ |
8,901,000 |
|
|
$ |
175,000 |
|
|
$ |
8,638,000 |
|
|
$ |
263,000 |
|
Other intangible assets consisted of the following at March 31, 2025:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Item |
|
Life |
|
Cost |
|
|
Fiscal 2025 Amortization
Expense |
|
|
Accumulated
Amortization at
March 31, 2025 |
|
|
Cost, Net of
Accumulated
Amortization at
March 31, 2025 |
|
Covenant Not to Compete |
|
5 years |
|
$ |
775,000 |
|
|
$ |
— |
|
|
$ |
775,000 |
|
|
$ |
— |
|
Customer Relationships |
|
18-20 years |
|
|
7,922,000 |
|
|
|
383,000 |
|
|
|
7,484,000 |
|
|
|
438,000 |
|
Third Party Administrator Licenses |
|
15 years |
|
|
204,000 |
|
|
|
— |
|
|
|
204,000 |
|
|
|
— |
|
Total |
|
|
|
$ |
8,901,000 |
|
|
$ |
383,000 |
|
|
$ |
8,463,000 |
|
|
$ |
438,000 |
|
|