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NOTE PAYABLE - RELATED PARTY
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
NOTE PAYABLE - RELATED PARTY

NOTE 6 – NOTE PAYABLE – RELATED PARTY

 

 On December 16, 2016, Ammo and Mansfield entered into a note purchase and sale agreement to purchase a promissory note held by Mansfield, and payable by ATAC.  Ammo purchased the promissory note for $1,035,000. The Managing Member of Mansfield is related to the President of Ammo.  The $1,035,000 was payable on or before the closing date of the note purchase and sale agreement, however, as of March 31, 2017, only $437,000 of the note balance had been paid, leaving a liability of $598,000 payable to Mansfield.