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GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

       June 30, 2024 
   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        -    (2,658,081)   - 
Accumulated amortization – Intangible Assets        -    -    (43,780,775)
        $-   $4,415,924   $107,982,842 
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)  $9,461,051 
2025   12,614,775 
2026   12,549,188 
2027   12,543,226 
2028   12,507,792 
Thereafter   52,722,734 
Annual amortization of intangible assets  $112,398,766 

 

(1) This amount represents future amortization for the remaining nine months of fiscal year 2024. It does not include any amortization for the three months ended June 30, 2024.