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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Net Revenues      
Total Revenues $ 191,439,801 $ 240,269,166 $ 62,482,330
Cost of Revenues 136,031,204 151,505,657 51,095,679
Gross Profit 55,408,597 88,763,509 11,386,651
Operating Expenses      
Selling and marketing 4,729,540 7,310,216 1,879,128
Corporate general and administrative 24,980,079 16,986,344 7,191,544
Employee salaries and related expenses 15,679,135 13,615,439 5,036,721
Depreciation and amortization expense 13,278,762 13,702,148 1,659,243
Loss on purchase 1,000,000
Total operating expenses 58,667,516 51,614,147 16,766,636
Income/(Loss) from Operations (3,258,919) 37,149,362 (5,379,985)
Other Expenses      
Other income/(expense) 25,181 21,840 576,785
Interest expense (632,062) (637,797) (3,009,094)
Total other expense (606,881) (615,957) (2,432,309)
Income/(Loss) before Income Taxes (3,865,800) 36,533,405 (7,812,294)
Provision for Income Taxes 730,238 3,285,969
Net Income/(Loss) (4,596,038) 33,247,436 (7,812,294)
Preferred Stock Dividend (3,105,034) (2,668,649)
Net Income/(Loss) Attributable to Common Stock Shareholders $ (7,701,072) $ 30,578,787 $ (7,812,294)
Net Income/(Loss) per share      
Basic $ (0.07) $ 0.27 $ (0.14)
Diluted $ (0.07) $ 0.27 $ (0.14)
Weighted average number of shares outstanding      
Basic 117,177,885 112,328,680 55,041,502
Diluted 117,177,885 114,189,720 55,041,502
Ammunition Sales [Member]      
Net Revenues      
Total Revenues [1] $ 114,116,044 $ 161,459,025 $ 49,620,530
Marketplace Revenue [Member]      
Net Revenues      
Total Revenues 63,149,673 64,608,516
Casing Sales [Member]      
Net Revenues      
Total Revenues $ 14,174,084 $ 14,201,625 $ 12,861,800
[1] Included in revenue for the years ended March 31, 2023, 2022, and 2021 is excises taxes of $9,789,896, $14,646,983, and $4,286,258, respectively.