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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net Sales $ 14,780,365 $ 4,565,652
Cost of Goods Sold, for the years ended March 31, 2020 and 2019 includes depreciation and amortization of $2,856,471, and $506,159, respectively, and federal excise taxes of $643,735, and $406,255, respectively 18,455,904 4,795,346
Gross Margin (3,675,539) (229,694)
Operating Expenses    
Selling and marketing 1,192,010 1,414,399
Corporate general and administrative 3,731,913 3,385,096
Employee salaries and related expenses 3,638,540 3,855,167
Depreciation and amortization expense 1,599,491 96,302
Total operating expenses 10,161,954 8,750,964
Loss from Operations (13,837,493) (8,980,658)
Other Expenses    
Purchase of Jagemann Munition Components (2,118,154)
Interest income/(expense) (719,187) (610,600)
Total other expenses (719,187) (2,728,754)
Loss before Income Taxes (14,556,680) (11,709,412)
Provision for Income Taxes
Net Loss $ (14,556,680) $ (11,709,412)
Basic and fully diluted:    
Weighted average number of shares outstanding 45,607,937 33,601,569
Loss per share $ (0.32) $ (0.35)
Ammunition Sales [Member]    
Net Sales $ 6,591,196 $ 3,985,574
Casing Sales [Member]    
Net Sales $ 8,189,169 $ 580,078