NOTES PAYABLE – RELATED PARTY

6 Months Ended

Sep. 30, 2021

Notes Payable Related Party

NOTES PAYABLE – RELATED PARTY

NOTE 9 – NOTES PAYABLE – RELATED PARTY

For the three and six months ended September 30, 2021, the Company made $154,285 and $305,060 in respective principal payments in connection with the Amended Note B, an amended related party note payable with Jagemann Stamping Company (“JSC”). We entered to the Amended Note B with JSC on November 4, 2020 and the note matures on June 26, 2023. We recognized $29,631 and $62,772 in respective interest expenses for the three and six months ended September 30, 2021, respectively.

AMMO, Inc.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS