SEGMENTS

3 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENTS

NOTE 14 – SEGMENTS

Our Chief Executive Officer reviews financial performance based on our 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.

The reporting of the separate allocation of certain corporate general and administrative expenses includes non-cash stock compensation expense. 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, 2023
	Ammunition			Marketplace		Corporate and other expenses			Total
Net Revenues	$	20,342,373		$	13,912,202	$	-		$	34,254,575
Cost of Revenues		18,414,961			1,815,074		-			20,230,035
General and administrative expense		3,478,749			2,178,370		6,702,305			12,359,424
Depreciation and amortization		132,102			3,211,941		-			3,344,043
Income/(Loss) from Operations	$	(1,683,439	)	$	6,706,817	$	(6,702,305	)	$	(1,678,927	)

	For the Three Months Ended June 30, 2022
	Ammunition		Marketplace		Corporate and other expenses			Total
Net Revenues	$	44,251,080	$	16,504,946	$	-		$	60,756,026
Cost of Revenues		40,337,015		2,283,349		-			42,620,364
General and administrative expense		3,673,112		2,433,729		3,615,724			9,722,565
Depreciation and amortization		146,412		3,203,944		-			3,350,356
Income/(Loss) from Operations	$	94,541	$	8,583,924	$	(3,615,724	)	$	5,062,741