Vendor Notes Receivable (Tables)

12 Months Ended

Mar. 31, 2019

Vendor Notes Receivable

Schedule of Vendor Note Receivable

Vendor note receivable consisted of the following at December 31, 2016:

Advanced Tactical Armament Concepts, L.L.C. Notes Payable Purchased by Ammo	Amount
Western Alliance Bank – Balance outstanding as of October 24, 2016	$	1,910,993
Negotiated Discount with Western Alliance Bank to assume the Note Receivable		(360,993	)
AMMO, Inc. Net Purchase Price for Western Alliance Note Payable		1,550,000
Mansfield, LLC Note Outstanding, inclusive of $135,000 fee outstanding		1,035,000
AMMO, Inc. Net Purchase Price to Acquire Notes Receivable of Western Alliance Bank & Mansfield LLC	$	2,585,000

Schedule of Disposition of Collateral

We reflected this transaction in the following manner:

Notes Receivable	$	(2,585,000	)
Vendor advances receivable		96,552
Accounts receivable		20,965
Inventories		644,447
Equipment		543,115
Loss on notes receivable		1,279,921
	$	-