NOTES PAYABLE – RELATED PARTY

6 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

NOTES PAYABLE – RELATED PARTY

NOTE 9 – NOTES PAYABLE – RELATED PARTY

For the six months ended September 30, 2023, the Company made $180,850 in principal payments, respectively, in connection with the Amended Note B, an amended related party note payable with Jagemann Stamping Company (“JSC”). We entered into the Amended Note B with JSC on November 4, 2020 and the note matured on June 26, 2023. We recognized $1,788 in interest expense for the three and six months ended September 30, 2023 and $12,745 and $31,397 in respective interest expenses for the three and six months ended September 30, 2022, respectively.

AMMO, Inc.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS