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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Net Sales $ 9,659,970 $ 4,298,580
Cost of Goods Sold, for the three months ended June 30, 2020 and 2019 includes depreciation and amortization of $758,502, and $613,569, respectively, and federal excise taxes of $641,123, and $114,285, respectively 8,588,565 4,951,796
Gross Margin 1,071,405 (653,216)
Operating Expenses    
Selling and marketing 369,622 221,928
Corporate general and administrative 1,088,984 1,099,643
Employee salaries and related expenses 982,489 1,217,692
Depreciation and amortization expense 410,499 454,862
Loss on Jagemann Munition Components 1,000,000
Total operating expenses 3,851,594 2,994,125
Loss from Operations (2,780,189) (3,647,341)
Other Expenses    
Interest income/(expense) (323,600) (194,061)
Total other expenses (323,600) (194,061)
Loss before Income Taxes (3,103,789) (3,841,402)
Provision for Income Taxes
Net (Loss) $ (3,103,789) $ (3,841,402)
(Loss) per share Basic and fully diluted:    
Weighted average number of shares outstanding 46,247,654 44,577,950
(Loss) per share $ (0.07) $ (0.09)
Ammunition Sales [Member]    
Net Sales $ 6,411,668 $ 1,141,499
Casing Sales [Member]    
Net Sales $ 3,248,302 $ 3,157,081