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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net Revenues        
Total Revenue $ 31,419,585 $ 34,372,386 $ 62,373,135 $ 68,626,961
Cost of Revenues 24,200,326 26,095,941 45,376,575 46,337,797
Gross Profit 7,219,259 8,276,445 16,996,560 22,289,164
Operating Expenses        
Selling and marketing 447,896 289,952 746,509 585,533
Corporate general and administrative 10,483,264 7,855,624 21,806,342 15,803,187
Employee salaries and related expenses 5,376,741 5,771,020 10,558,876 10,194,952
Depreciation and amortization expense 3,375,476 3,371,802 6,757,145 6,715,845
Total operating expenses 19,683,377 17,288,398 39,868,872 33,299,517
Loss from Operations (12,464,118) (9,011,953) (22,872,312) (11,010,353)
Other Income        
Other income 202,853 (321,341) 455,085 371,610
Interest expense (166,848) (212,314) (363,370) (416,515)
Total other income 36,005 (533,655) 91,715 (44,905)
Loss before Income Taxes (12,428,113) (9,545,608) (22,780,597) (11,055,258)
Benefit for Income Taxes 0 (1,879,641) 4,407,491 (2,085,229)
Net Loss (12,428,113) (7,665,967) (27,188,088) (8,970,029)
Preferred Stock Dividend (782,640) (782,639) (1,556,773) (1,556,771)
Net Loss Attributable to Common Stock Shareholders $ (13,210,753) $ (8,448,606) $ (28,744,861) $ (10,526,800)
Net Loss per share        
Basic $ (0.11) $ (0.07) $ (0.24) $ (0.09)
Diluted $ (0.11) $ (0.07) $ (0.24) $ (0.09)
Weighted average number of shares outstanding        
Basic 118,728,976 118,167,228 118,916,210 117,713,805
Diluted 118,728,976 118,167,228 118,916,210 117,713,805
Ammunition Sales [Member]        
Net Revenues        
Total Revenue [1],[2] $ 15,959,912 $ 15,516,589 $ 29,319,466 $ 29,622,618
Marketplace Fee Revenue [Member]        
Net Revenues        
Total Revenue 11,983,021 12,474,716 24,265,012 26,386,918
Ammunition Casings Sales [Member]        
Net Revenues        
Total Revenue $ 3,476,652 $ 6,381,081 $ 8,788,657 $ 12,617,425
[1] Included in revenue for the three and six months ended September 30, 2024 are excise taxes of $1,350,597 and $2,654,200, respectively. Included in revenue for the three and six months ended September 30, 2023 are excise taxes of $1,284,166 and $2,459,962, respectively.
[2] Included in revenue for the three and six months ended September 30, 2024 are excise taxes of $1,350,597 and $2,654,200, respectively. Included in revenue for the three and six months ended September 30, 2023 are excise taxes of $1,284,166 and $2,459,962, respectively.