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Intangible Assets (Tables)
12 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
          March 31, 2021  
    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       -       -       2,152,076  
              250,000       7,074,005       5,146,237  
                                 
Accumulated amortization – Licensing Agreements             (208,333 )     -       -  
Accumulated amortization – Patents             -       (1,054,438 )     -  
Accumulated amortization – Intangible Assets             -       -       (2,925,279 )
            $ 41,667     $ 6,019,567     $ 2,220,958  

 

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       -       -       2,152,076  
              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  
Schedule of Annual Amortization of Intangible Assets

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

 

Years Ended March 31,   Estimates for
Fiscal Year
 
2022   $ 1,915,814  
2023     923,782  
2024     903,055  
2025     493,342  
2026     493,342  
Thereafter     3,552,857  
    $ 8,282,192