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INTANGIBLE ASSETS, NET
9 Months Ended
Dec. 31, 2019
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

9.    INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

 

 

 

 

 

 

 

 

 

    

December 31, 2019

    

March 31, 2019

 

 

(Unaudited)

 

 

 

Customer relationship

 

$

 —

 

$

392,618

Platform

 

 

1,119,389

 

 

1,161,267

Software

 

 

66,433

 

 

27,205

Subtotal

 

 

1,185,822

 

 

1,581,090

Less: Accumulated amortization

 

 

(1,155,631)

 

 

(1,284,999)

Total intangible assets, net

 

 

30,191

 

 

296,091

Total intangible assets, net - discontinued operations

 

 

(28,819)

 

 

(294,464)

Total intangible assets, net - continuing operations

 

$

1,372

 

$

1,627

 

Amortization expense from continuing operations totaled $84 and $14 for the three months ended December 31, 2019 and 2018, respectively. Amortization expense from discontinued operations totaled $3,866 and $60,474 for the three months ended December 31, 2019 and 2018, respectively.

Amortization expense from continuing operations totaled $197 and $14 for the nine months ended December 31, 2019 and 2018, respectively. Amortization expense from discontinued operations totaled $30,321 and $233,562 for the nine months ended December 31, 2019 and 2018, respectively.

The following table sets forth the Company’s amortization expense for the next five years ending:

 

 

 

 

 

 

    

Amortization

 

 

expenses

Twelve months ending December 31, 2020

 

$

342

Twelve months ending December 31, 2021

 

 

342

Twelve months ending December 31, 2022

 

 

342

Twelve months ending December 31, 2023

 

 

272

Thereafter

 

 

74

Total

 

$

1,372