Intangible Assets, Net

9 Months Ended

Dec. 31, 2011

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 5 – INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of:

	December 31			March 31,
	2011			2011
Acquisition of VoipSwitch:
Developed software (for licensing to customers)	$	2,000,000		$	2,000,000
In-place contracts and customer list		100,000			100,000
Trade name		100,000			100,000
Goodwill		663,041			663,041

Total		2,863,041			2,863,041

Accumulated amortization		(910,417	)		(737,917	)

Intangible assets, net	$	1,952,624		$	2,125,124

The developed software, in-place contracts and customer list, and trade name are amortized using the straight-line method over their estimated economic lives (ten years for the developed software and trade name; five years for the in-place contracts and customer list). Goodwill is not amortized.

For the nine months ended December 31, 2011 and 2010, amortization of intangible assets expense was $172,500. $150,000 was included in cost of software license fees and $22,500 was included in selling, general and administrative expenses.

Expected future amortization expense for acquired intangible assets as of December 31, 2011 follows:

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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VOICESERVE INC 10-Q