Intangible Assets

9 Months Ended

Dec. 26, 2021

Goodwill and Other Intangible Assets

Intangible Assets

Note 3. Intangible Assets

Intangible assets, net on our Consolidated Balance Sheets as of December 26, 2021 and March 28, 2021, consists of capitalized software for internal use and indefinite-lived intangible assets. Capitalized software for internal use, net of accumulated amortization, was $26,671,500 and $18,341,100 as of December 26, 2021 and March 28, 2021, respectively. Amortization expense of capitalized software for internal use was $263,200 and $364,900 for the three months ended December 26, 2021 and December 27, 2020, respectively. Amortization expense of capitalized software for internal use was $658,400 and $1,515,700 for the nine months ended December 26, 2021 and December 27, 2020, respectively. The Company continues to capitalize costs related to an ongoing information technology project, which will be amortized after the project has been completed and placed in-service.

Indefinite-lived intangible assets were $795,400 as of December 26, 2021 and March 28, 2021.