XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Sales        
Net Sales $ 12,012,872 $ 2,954,555 $ 21,672,842 $ 7,253,135
Cost of Goods Sold, for the three and six months ended September 30, 2020 and 2019 includes depreciation and amortization of $780,150, $723,237, $1,538,652, and $1,336,806 respectively, and federal excise taxes of $864,570, $121,318, $1,505,693, and $235,603, respectively 10,723,246 3,672,599 19,311,811 8,624,395
Gross Margin 1,289,626 (718,044) 2,361,031 (1,371,260)
Operating Expenses        
Selling and marketing 332,430 287,647 702,052 509,575
Corporate general and administrative 1,077,194 954,350 2,166,178 2,053,993
Employee salaries and related expenses 1,174,257 834,516 2,156,746 2,052,208
Depreciation and amortization expense 415,685 450,380 826,184 905,242
Loss on purchase 1,000,000
Total operating expenses 2,999,566 2,526,893 6,851,160 5,521,018
Loss from Operations (1,709,940) (3,244,937) (4,490,129) (6,892,278)
Other Expenses        
Other income/(expense) (186,600) (186,600)
Interest income/(expense) (442,085) (199,323) (765,685) (393,384)
Total other expenses (628,685) (199,323) (952,285) (393,384)
Loss before Income Taxes (2,338,625) (3,444,260) (5,442,414) (7,285,662)
Provision for Income Taxes
Net Loss $ (2,338,625) $ (3,444,260) $ (5,442,414) $ (7,285,662)
Loss per share Basic and fully diluted:        
Weighted average number of shares outstanding 47,790,105 45,416,153 47,023,094 44,999,342
Loss per share $ (0.05) $ (0.08) $ (0.12) $ (0.16)
Ammunition Sales [Member]        
Net Sales        
Net Sales $ 8,741,280 $ 1,315,756 $ 15,152,948 $ 2,457,255
Casing Sales [Member]        
Net Sales        
Net Sales $ 3,271,592 $ 1,638,799 $ 6,519,894 $ 4,795,880