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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

 

       December 31, 2023 
   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        -    (2,411,349)   - 
Accumulated amortization – Intangible Assets        -    -    (37,466,990)
        $-   $4,662,656   $114,296,627 
SCHEDULE OF ANNUAL AMORTIZATION OF INTANGIBLE ASSET

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

 

Years Ended March 31, 

Estimates for

Fiscal Year

 
2024 (1)  $3,302,629 
2025   12,664,775 
2026   12,664,775 
2027   12,553,355 
2028   12,543,226 
Thereafter   65,230,523 
Annual amortization of intangible assets  $118,959,283 

 

(1) This amount represents future amortization for the remaining three months of fiscal year 2024. It does not include any amortization for the nine months ended December 31, 2023.