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INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX PROVISION BENEFIT

The income tax (provision) benefit for the periods shown consist of the following:

		2025				2024				2023
Current
US Federal		$	-			$	-			$	—
US State			-				-				—
Total current provision			-				-				—
Deferred
US Federal			(5,601,975	)			(718,757	)			(1,152,032	)
US State			(1,556,266	)			(229,535	)			(195,023	)
Total deferred benefit			(7,158,241	)			(948,292	)			(1,347,055	)
Change in valuation allowance			13,444,546				-				—
Income tax (provision) benefit		$	6,286,305			$	(948,292	)		$	(1,347,055	)

SCHEDULE OF RECONCILIATION OF INCOME TAX

The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision is as follows:

		2025					2024					2023
U.S. Federal			21.0		%			21.0		%			21.0		%
State taxes, net of Federal income tax benefit			5.5		%			5.6		%			6.0		%
Change in valuation allowance			(11.5	)	%			0.0		%			0.0		%
Employee stock awards			0.1		%			(7.4	)	%			(33.3	)	%
Equity issuance costs			0.0		%			0.0		%			0.0		%
Stock and warrants on note conversion			0.0		%			0.0		%			(1.9	)	%
Stock for services			0.0		%			0.0		%			0.0		%
Non-deductible meals and entertainment			0.0		%			(0.1	)	%			(0.4	)	%
Contingent consideration fair value			0.0		%			0.1		%			0.2		%
Return to provision			0.0		%			0.0		%			0.0		%
Other			0.0		%			(0.4	)	%			(0.3	)	%
Total provision for income taxes			15.2		%			18.7		%			(8.8	)	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax liabilities and assets are as follows:

		As of March 31,
		2025				2024
Deferred tax assets
Net operating loss carryforward		$	16,557,351			$	5,229,409
Loss on purchase			2,213,969				2,215,611
Impairment - Ammunition segment			12,398,990				-
Inventory capitalization - Section 263A			472,665				1,001,457
Bad debt allowance			1,045,220				973,565
Legal reserve settlement			7,978,747				-
Non qualified stock compensation expense			1,154,090				-
Other timing differences			481,036				297,195
Total deferred tax assets		$	42,302,068			$	9,717,237
Deferred tax liabilities
Depreciation expense		$	(3,523,690	)		$	(3,580,271	)
Change in estimate and accounting method			(699,392	)			(699,910	)
Amortization - intangible assets			(2,114,232	)			(1,029,565	)
Total deferred tax liabilities			(6,337,314	)			(5,309,746	)
Net deferred tax asset		$	35,964,754			$	4,407,491
Valuation allowance			(35,964,754	)			-
Net deferred tax asset		$	-			$	4,407,491

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
-Section 55
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