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.