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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net Revenues        
Total Revenue  $ 61,002,085 $ 12,012,872 $ 105,478,417 $ 21,672,842
Cost of Revenues, for the three and six months ended September 30, 2021 and 2020 includes depreciation and amortization of $959,945, $780,150, $1,835,675, and $1,538,652, respectively, and federal excise taxes of $3,937,118, $864,570, $6,334,889 and $1,505,693, respectively 34,786,017 10,723,246 60,291,455 19,311,811
Gross Profit 26,216,068 1,289,626 45,186,962 2,361,031
Operating Expenses        
Selling and marketing 1,550,394 332,430 2,716,243 702,052
Corporate general and administrative 4,082,236 1,077,194 7,238,833 2,166,178
Employee salaries and related expenses 2,647,108 1,174,257 5,003,981 2,156,746
Depreciation and amortization expense 3,708,012 415,685 6,319,073 826,184
Loss on purchase 1,000,000
Total operating expenses 11,987,750 2,999,566 21,278,130 6,851,160
Income/(Loss) from Operations 14,228,318 (1,709,940) 23,908,832 (4,490,129)
Other Expenses        
Other income/(expense), net (186,600) 21,425 (186,600)
Interest expense (112,806) (442,085) (278,085) (765,685)
Total other expenses (112,806) (628,685) (256,660) (952,285)
Income/(Loss) before Income Taxes 14,115,512 (2,338,625) 23,652,172 (5,442,414)
Provision for Income Taxes
Net Income/(Loss) 14,115,512 (2,338,625) 23,652,172 (5,442,414)
Preferred Stock Dividend (782,639) (1,120,384)
Net Income/(Loss) Attributable to Common Stock Shareholders $ 13,332,873 $ (2,338,625) $ 22,531,788 $ (5,442,414)
Net Income/(Loss) per share        
Basic $ 0.12 $ (0.05) $ 0.21 $ (0.12)
Diluted $ 0.11 $ (0.05) $ 0.20 $ (0.12)
Weighted average number of shares outstanding        
Basic 113,174,363 47,790,105 109,545,553 47,023,094
Diluted 116,721,949 47,790,105 112,848,821 47,023,094
Ammunition Sales [Member]        
Net Revenues        
Total Revenue  $ 40,208,402 $ 8,741,280 $ 68,560,182 $ 15,152,948
Marketplace Revenue [Member]        
Net Revenues        
Total Revenue  16,777,216 29,049,282
Casing Sales [Member]        
Net Revenues        
Total Revenue  $ 4,016,467 $ 3,271,592 $ 7,868,953 $ 6,519,894