v3.26.1
Intangibles
 12 Months Ended
Mar. 31, 2026
Intangibles [Abstract]  
Intangibles

Note 8. Intangibles

 

Intangible assets consist of the following as of:

 

    March 31,     March 31,  
    2026     2025  
Software and game design     2,578,050       2,578,050  
Trademarks     82,621       76,939  
Website     137,070       137,070  
      2,797,741       2,792,059  
Less: accumulated amortization     (1,258,387 )     (810,356 )
    $ 1,539,354     $ 1,981,703  

 

For the years ended March 31, 2026 and 2025, the Company recorded amortization expense in the consolidated statements of operations of $448,031 and $312,020, respectively.

 

The carrying value of capitalized software costs is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized when the unamortized capitalized costs exceed the net realizable value of the software, which is defined as the estimated future gross revenue from the product less the estimated future costs of completing and disposing of that product.

 

Based on management’s evaluation, certain indicators of impairment were identified; however, the Company performed the required impairment tests and concluded that no impairment charges were necessary. Accordingly, no impairment charges were recorded during the years ended March 31, 2026 and 2025.