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Intangible Assets
9 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6: INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

   December 31,
2019
   March 31,
2019
 
   (Unaudited)     
     
Goodwill  $3,223   $- 
Patents   1,013    1,013 
Outsourced vendor relationships   1,017    1,017 
Non-compete agreements   340    340 
Total intangible assets   5,593    2,370 
Accumulated amortization and impairment   (2,370)   (2,370)
Intangible assets, net  $3,223   $- 

 

The goodwill was recorded as part of the acquisition of Trend Holdings more fully described in Note 15. The patents were recorded as part of the acquisition of Zest Labs. The outsourced vendor relationships and non-compete agreements were recorded as part of the acquisition of 440labs, Inc. The intangible assets of Zest Labs and 440labs, Inc. were fully impaired as of March 31, 2019.

  

Amortization expense for the nine months ended December 31, 2019 and 2018 was $0 and $415, respectively. Amortization expense for the three months ended December 31, 2019 and 2018 was $0 and $139, respectively.