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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Net Sales $ 2,772,009 $ 489,080 $ 10,025,144 $ 3,201,967
Cost of Goods Sold, includes depreciation and amortization of $771,463, $97,219 $2,108,269 and $266,321, respectively, and federal excise taxes of $138,529, $44,663, $374,132, and $327,492, respectively 3,662,196 580,166 12,286,591 2,960,262
Gross Margin (890,187) (91,086) (2,261,447) 241,705
Operating Expenses        
Selling and marketing 238,439 387,660 748,014 967,465
Corporate general and administrative 730,991 813,723 2,784,984 2,214,560
Employee salaries and related expenses 846,724 847,729 2,898,932 2,523,468
Depreciation and amortization expense (56,247) 28,387 848,995 63,157
Total operating expenses 1,759,907 2,077,499 7,280,925 5,768,650
Loss from Operations (2,650,094) (2,168,585) (9,542,372) (5,526,945)
Other (Expenses)        
Gain on bargain purchase 1,599,161 1,599,161
Interest (income)/expense (214,328) (43,118) (607,710) (46,022)
(Loss) before Income Taxes (2,864,422) (612,542) (10,150,082) (3,973,806)
Provision for Income Taxes
Net (Loss) $ (2,864,422) $ (612,542) $ (10,150,082) $ (3,973,806)
Basic and fully diluted:        
Weighted average number of shares outstanding 45,767,635 34,247,599 45,267,036 32,372,165
(Loss) per share $ (0.06) $ (0.02) $ (0.22) $ (0.12)
Ammunition Sales [Member]        
Net Sales $ 1,246,414 $ 489,080 $ 3,703,669 $ 3,201,967
Casing Sales [Member]        
Net Sales $ 1,525,595 $ 6,321,475