Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
9 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
The components of intangible assets at December 31, 2018 and March 31, 2018 were as follows:
 
 
As of December 31, 2018
 
 
(Unaudited)
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
5,826

 
$
(5,600
)
 
$
226

Total
 
$
5,826

 
$
(5,600
)
 
$
226

 
 
As of March 31, 2018
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
5,826

 
$
(4,595
)
 
$
1,231

Total
 
$
5,826

 
$
(4,595
)
 
$
1,231


The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenues; since all of our acquired intangible assets are directly attributable to revenue-generating activities, all intangible amortization is included in cost of revenues.
The Company recorded amortization expense of $335 and $1,006 during the three and nine months ended December 31, 2018, respectively, and $335 and $1,080 during the three and nine months ended December 31, 2017, respectively.
Based on the amortizable intangible assets as of December 31, 2018, we will have no amortization expense beyond the fiscal year ended March 31, 2019. Remaining amortization expense to be taken in the quarterly period ended March 31, 2019 is approximately $226. Amortization expense for the year ended March 31, 2019, based on the amortizable assets as of December 31, 2018, is expected to be $1,231.