v3.26.1
Goodwill and Intangible Assets
12 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
3. Goodwill and Intangible Assets
 
Goodwill
 
The Company had goodwill of $3,205,000 at March 31, 2026 and 2025, which was comprised of $2,551,000 for the Hard Parts segment and $654,000 for all others, respectively.
 
Intangible Assets
 
The following is a summary of acquired intangible assets subject to amortization:
 
       March 31, 2026    March 31, 2025  
    Weighted
Average
Amortization
Period
   Gross Carrying
Value
     Accumulated
Amortization
     Gross Carrying
Value
     Accumulated
Amortization
 
Intangible assets subject to amortization
                       
Trademarks
  10 years  $ -    $ -    $520,000   $513,000 
Customer relationships
  8 years   2,601,000    2,366,000    2,532,000    1,987,000 
Total intangible assets subject to amortization
  8 years  $2,601,000   $2,366,000   $3,052,000   $2,500,000 
 
During the years ended March 31, 2026 and 2025, the Company retired $520,000 and $6,085,000, respectively, of fully amortized intangible assets.
 
Amortization expense for acquired intangible assets is as follows:
 
 
    Years Ended March 31,  
     2026      2025      2024  
                
Amortization expense
 $335,000   $477,000   $1,075,000 
 
The estimated future amortization expense for acquired intangible assets subject to amortization is as follows:
 
Year Ending March 31,
    
2027
 $235,000 
Total
 $235,000