SEGMENTS

3 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

SEGMENTS

NOTE 14 – SEGMENTS

On April 30, 2021, the Company entered into an agreement and plan of merger with SpeedLight Group I, LLC, which, along with its subsidiaries, engages primarily in the operation of an online marketplace dedicated to firearms, hunting, shooting and related products. As a result, at June 30, 2021, our chief operating decision maker, our Chief Executive Officer, reviews financial performance based on two operating segments as follows:

● Ammunition– which consists of our manufacturing business. The Ammunition segment engages in the design, production and marketing of ammunition and ammunition component products.

● Marketplace – which consists of the GunBroker.com marketplace. In its role as an auction site, GunBroker.com supports the lawful sale of firearms, ammunition and hunting/shooting accessories.

Ammunition generated approximately 72% of our revenue in the three months ended June 30, 2021, while Marketplace generated approximately 77% of our operating income in the three months ended June 30, 2021.The following tables set forth certain financial information utilized by management to evaluate our operating segments for the interim period presented:

	For the Three Months Ended June 30, 2021
	Ammunition		Marketplace		Total
Net Revenues	$	32,204,266	$	12,272,066	$	44,476,332
Cost of Revenues		23,848,248		1,657,190		25,505,438
General and administrative expense		5,676,755		1,002,564		6,679,319
Depreciation and amortization		420,242		2,190,819		2,611,061
Operating Income	$	2,259,021	$	7,421,493	$	9,680,514