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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

Intangible assets consisted of the following:

 

 

 

 

June 30, 2024

 

 

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

 

 

 

-

 

 

 

-

 

 

 

357,747

 

 

 

 

 

 

 

375,000

 

 

 

7,602,005

 

 

 

151,513,617

 

Accumulated amortization – Licensing Agreements

 

 

 

 

 

(375,000

)

 

 

-

 

 

 

-

 

Accumulated amortization – Patents

 

 

 

 

 

-

 

 

 

(2,981,186

)

 

 

-

 

Accumulated amortization – Intangible Assets

 

 

 

 

 

-

 

 

 

-

 

 

 

(43,530,775

)

 

 

 

 

$

-

 

 

$

4,620,819

 

 

$

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

 

2025(1)

 

$

9,496,514

 

2026

 

 

12,662,059

 

2027

 

 

12,596,472

 

2028

 

 

12,590,510

 

2029

 

 

12,555,076

 

Thereafter

 

 

52,703,030

 

Annual amortization of intangible assets

 

$

112,603,661

 
(1)
This amount represents future amortization for the remaining nine months of fiscal year 2025. It does not include any amortization for the three months ended June 30, 2024.