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

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 December 31, 2012. However, the Company recorded an increase in intangible assets for the acquisition of the Logia companies and LogiaDeck (Ignite) of $4,489. The Company recorded an impairment charge of $2,319 for the year ended March 31, 2012.

The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenues. During the nine month period ended December 31, 2012 and 2011, the Company recorded amortization expense in the amount of $311 and $173, respectively, in cost of revenues.

Based on the amortizable intangible assets as of December 31, 2012, we estimate future amortization expense to be as follows:

The initial accounting of the Intangibles of Logia is incomplete and subject to changes, which may result in significant changes to provisional amounts. The Company has recorded provisional amounts based upon management’s best estimate of the value as a result of preliminary analysis.