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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
SCHEDULE OF INTANGIBLE ASSETS | Intangible assets consisted of the following:
|  |  |  | March 31, 2024 |
|  | Life |  | Licenses |  |  | Patent |  |  | Other Intangible Assets |
|  |  |  | (Restated) |  |  | (Restated) |  |  | (Restated) |
Licensing Agreement – Jesse James |  | 5 |  | $ | 125,000 |  |  | $ | - |  |  | $ | - |
Licensing Agreement – Jeff Rann |  | 5 |  |  | 250,000 |  |  |  | - |  |  |  | - |
Streak Visual Ammunition patent |  | 11.2 |  |  | - |  |  |  | 950,000 |  |  |  | - |
SWK patent acquisition |  | 15 |  |  | - |  |  |  | 6,652,005 |  |  |  | - |
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 |  |  | - |  |  |  | - |  |  |  | 357,747 |
|  |  |  |  | 375,000 |  |  |  | 7,602,005 |  |  |  | 151,513,617 |
Accumulated amortization – Licensing Agreements |  |  |  |  | (375,000 | ) |  |  | - |  |  |  | - |
Accumulated amortization – Patents |  |  |  |  | - |  |  |  | (2,845,999 | ) |  |  | - |
Accumulated amortization – Intangible Assets |  |  |  |  | - |  |  |  | - |  |  |  | (40,464,550 | )
|  |  |  | $ | - |  |  | $ | 4,756,006 |  |  | $ | 111,049,067 |
|  |  |  | March 31, 2023 |
|  | Life |  | Licenses |  |  | Patent |  |  | Other Intangible Assets |
|  |  |  | (Restated) |  |  | (Restated) |  |  |  |
Licensing Agreement – Jesse James |  | 5 |  | $ | 125,000 |  |  | $ | - |  |  | $ | - |
Licensing Agreement – Jeff Rann |  | 5 |  |  | 250,000 |  |  |  | - |  |  |  | - |
Streak Visual Ammunition patent |  | 11.2 |  |  | - |  |  |  | 950,000 |  |  |  | - |
SWK patent acquisition |  | 15 |  |  | - |  |  |  | 6,652,005 |  |  |  | - |
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 |
|  |  |  |  | 375,000 |  |  |  | 7,602,005 |  |  |  | 151,763,617 |
Accumulated amortization – Licensing Agreements |  |  |  |  | (375,000 | ) |  |  |  |  |  | - |
Accumulated amortization – Patents |  |  |  |  | - |  |  |  | (2,305,251 | ) |  |  | - |
Accumulated amortization – Intangible Assets |  |  |  |  | - |  |  |  | - |  |  |  | (28,036,807 | )
|  |  |  | $ | - |  |  | $ | 5,296,754 |  |  | $ | 123,726,810 |
|  |  |  | March 31, 2022 |
|  | Life |  | Licenses |  |  | Patent |  |  | Other Intangible Assets |
|  |  |  | (Restated) |  |  | (Restated) |  |  |  |
Licensing Agreement – Jesse James |  | 5 |  | $ | 125,000 |  |  | $ | - |  |  | $ | - |
Licensing Agreement – Jeff Rann |  | 5 |  |  | 250,000 |  |  |  | - |  |  |  | - |
Streak Visual Ammunition patent |  | 11.2 |  |  | - |  |  |  | 950,000 |  |  |  | - |
SWK patent acquisition |  | 15 |  |  | - |  |  |  | 6,652,005 |  |  |  | - |
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 |
|  |  |  |  | 375,000 |  |  |  | 7,602,005 |  |  |  | 151,763,617 |
Accumulated amortization – Licensing Agreements |  |  |  |  | (375,000 | ) |  |  | - |  |  |  | - |
Accumulated amortization – Patents |  |  |  |  | - |  |  |  | (1,764,503 | ) |  |  | - |
Accumulated amortization – Intangible Assets |  |  |  |  | - |  |  |  | - |  |  |  | (15,463,230 | )
|  |  |  | $ | - |  |  | $ | 5,837,502 |  |  | $ | 136,300,387 |
SCHEDULE OF ANNUAL AMORTIZATION OF INTANGIBLE ASSET | Annual estimated amortization of intangible assets for the next five fiscal years are as follows:
Years Ended March 31, |  | Estimates for Fiscal Year |
2025 |  | $ | 12,697,926 |
2026 |  |  | 12,662,059 |
2027 |  |  | 12,596,472 |
2028 |  |  | 12,590,510 |
2029 |  |  | 12,555,076 |
Thereafter |  |  | 52,703,030 |
|  | $ | 115,805,073 |

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