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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE 13 – GOODWILL AND INTANGIBLE ASSETS Amortization expense related to our intangible assets for the three and nine months ended December 31, 2024 were $2,903,724 and $9,247,039, respectively. Amortization expense related to our intangible assets for the three and nine months ended December 31, 2023 were $3,266,761 and $9,800,281, respectively. Intangible assets consisted of the following:
|  |  |  |  | December 31, 2024 |
|  | Life |  |  | Licenses |  |  | Patent |  |  | Other Intangible Assets |
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 |  |  |  |  |  | - |  |  |  | (3,251,561 | ) |  |  | - |
Accumulated amortization – Intangible Assets |  |  |  |  |  | - |  |  |  | - |  |  |  | (49,591,491 | )
|  |  |  |  | $ | - |  |  | $ | 4,350,444 |  |  | $ | 101,922,126 |
Annual amortization of intangible assets for the next five fiscal years are as follows:
Years Ended March 31, |  | Estimates for Fiscal Year |
2025(1) |  | $ | 3,165,423 |
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 |  | $ | 106,272,570 |
(1) This amount represents future amortization for the remaining three months of fiscal year 2025. It does not include any amortization for the nine months ended December 31, 2024.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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