GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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.