Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
6 Months Ended
Sep. 30, 2012
Components of Intangible Assets

The components of intangible assets as at September 30, 2012 and March 31, 2012 were as follows:

 

     unaudited  
     As of September 30, 2012  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 2,429       $ (1,068   $ 1,361   

Trade name / Trademark

     297         (2   $ 295   

Customer list

     4,675         (1,234   $ 3,441   

License agreements

     498         (444   $ 54   
  

 

 

    

 

 

   

 

 

 
   $ 7,899       $ (2,748   $ 5,151   
  

 

 

    

 

 

   

 

 

 

We complete our annual impairment tests in the fourth quarter of each year unless events or circumstances indicate that an asset may be impaired. There were no indications of impairment present during the period ended September 30, 2012. However the Company recorded an increase in intangible assets for the acquisition of the Logia companies and LogiaDeck of $4,489. The Company recorded an impairment charge of $2,319 for the year ended March 31, 2012.

 

     As of March 31, 2012  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 1,611       $ (948   $ 663   

Trade name / Trademark

     154         —        $ 154   

Customer list

     1,220         (1,220   $ (0

License agreements

     443         (443   $ (0
  

 

 

    

 

 

   

 

 

 
   $ 3,428       $ (2,611   $ 817   
  

 

 

    

 

 

   

 

 

 
Estimate Future Amortization Expense

Based on the amortizable intangible assets as of September 30, 2012, we estimate future amortization expense to be as follows:

 

Year Ending September 30,

   Amortization
Expense
 
     (in thousands)  

2013

   $ 701   

2014

     701   

2015

     553   

2016

     466   

2017

     449   

Future

     2,129   
  

 

 

 
   $ 4,999