XML 55 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets (Tables)
12 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

          March 31, 2020  
    Life     Licenses     Patent     Other Intangible Assets  
Licensing Agreement – Jesse James     5     $ 125,000     $ -     $ -  
Licensing Agreement – Jeff Rann     5       125,000       -       -  
Streak Visual Ammunition patent     11.2       -       950,000       -  
SWK patent acquisition     15       -       6,124,005       -  
Jagemann Munition Components:                                
Customer Relationships     3       -       -       1,450,613  
Intellectual Property     3       -       -       1,543,548  
Tradename     5       -       -       2,125,076  
              250,000       7,074,005       5,146,237  
                                 
Accumulated amortization – Licensing Agreements             (158,333 )     -       -  
Accumulated amortization – Patents             -       (561,096 )     -  
Accumulated amortization – Intangible Assets             -       -       (1,435,030 )
            $ 91,667     $ 6,512,909     $ 3,649,404  

 

          March 31, 2019  
    Life     Licenses     Patent     Other Intangible Assets  
Licensing Agreement – Jesse James     5     $ 125,000     $ -     $ -  
Licensing Agreement – Jeff Rann     5       125,000       -       -  
Streak Visual Ammunition patent     11.2       -       950,000       -  
SWK patent acquisition     15       -       6,124,005       -  
Jagemann Munition Components:                                
Customer Relationships     3       -       -       1,666,774  
Intellectual Property     3       -       -       1,773,436  
Tradename     5       -       -       2,472,095  
              250,000       7,074,005       5,912,305  
                                 
Accumulated amortization – Licensing Agreements             (108,333 )     -       -  
Accumulated amortization – Patents             -       (134,701 )     -  
Accumulated amortization – Intangible Assets             -       -       (61,803 )
            $ 141,667     $ 6,939,304     $ 5,850,502
Schedule of Annual Amortization of Intangible Assets

Annual amortization of intangible assets for the next five years are as follows:

 

Years Ended March 31,   Estimates for Fiscal Year  
2021      1,971,803  
2022      1,915,690  
2023      923,791  
2024      903,190  
2025      493,351  
Thereafter      4,046,155  
    $ 10,253,980