INTANGIBLE ASSETS

12 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 19 – INTANGIBLE ASSETS

Total amortization expense of our intangible assets was $13,072,967 and $1,971,788 for the years ended March 31, 2022 and 2021, respectively.

Intangible assets consisted of the following:

			March 31, 2022
	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
GDI Acquisition:
Tradename		15		-			-			76,532,389
Customer List		10		-			-			65,252,802
Intellectual Property		10		-			-			4,224,442
Other Intangible Assets		5		-			-			607,747
				250,000			7,074,005			151,763,617
Accumulated amortization – Licensing Agreements				(250,000	)		-			-
Accumulated amortization – Patents				-			(1,547,787	)		-
Accumulated amortization – Intangible Assets				-			-			(15,463,230	)
			$	-		$	5,526,218		$	136,300,387

			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

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

Years Ended March 31,	Estimates for Fiscal Year
2023	$	13,095,215
2024		13,074,489
2025		12,664,775
2026		12,664,775
2027		12,553,355
Thereafter		77,773,996
	$	141,826,605

AMMO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS