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Intangible Assets (Tables) | 12 Months Ended
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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 |

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