On April 30, 2021, we entered into an agreement and plan of merger (the “Merger Agreement”), by and among the Company, SpeedLight Group I, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company and Gemini Direct Investments, LLC, a Nevada limited liability company ("Gemini"), whereby SpeedLight Group I, LLC merged with and into Gemini, with SpeedLight Group I, LLC surviving the merger as a wholly owned subsidiary of the Company (the "Merger"). At the time of the Merger, Gemini had nine subsidiaries, all of which are related to Gemini’s ownership of GunBroker, an online auction marketplace dedicated to firearms, hunting, shooting, and related products. The intangible assets acquired include a tradename, customer relationships, intellectual property, software, and domain names.

Total amortization expense of our intangible assets was $12,129,984 and $12,121,433 for the years ended March 31, 2026 and 2025, respectively.

Other intangible assets consisted of the following:


		As of March 31,
	Weighted Average Remaining Life	2026			2025
Tradename	10.08	$	76,532,389		$	76,532,389
Customer list	5.08		65,252,802			65,252,802
Intellectual property	5.08		4,224,442			4,224,442
Other intangible assets	8.66		486,017			357,747
Gross intangible assets			146,495,650			146,367,380
Accumulated amortization – intangible assets			(59,605,597	)		(47,475,613	)
Net intangible assets		$	86,890,053		$	98,891,767

Annual estimated amortization of intangible assets for the next five fiscal years are as follows:


Years Ended March 31,	Amount
2027	$	12,064,397
2028		12,058,435
2029		12,058,435
2030		12,058,435
2031		12,058,435
Thereafter		26,591,916
Total	$	86,890,053