CAPITAL STOCK

6 Months Ended

Sep. 30, 2023

Equity [Abstract]

CAPITAL STOCK

NOTE 11 – CAPITAL STOCK

Our authorized capital consists of 200,000,000 shares of common stock with a par value of $0.001 per share.

During the six month period ended September 30, 2023, we issued 1,102,894 shares of common stock as follows:

● 1,102,894 shares valued at $2,290,746 were issued to employees, members of the Board of Directors, and members of the Advisory Committee as compensation

AMMO, Inc.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

At September 30, 2023, outstanding and exercisable stock purchase warrants consisted of the following:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Life Remaining (Years)
Outstanding at March 31, 2023		2,460,946		$	2.46		1.59
Granted		-			-		-
Exercised		-			-		-
Forfeited or cancelled		(204,650	)		2.00		-
Outstanding at September 30, 2023		2,256,296		$	2.51		1.28
Exercisable at September 30, 2023		2,256,296		$	2.51		1.28

As of September 30, 2023, we had 2,256,296 warrants outstanding. Each warrant provides the holder the right to purchase up to one share of our Common Stock at a predetermined exercise price. The outstanding warrants consist of (1) warrants to purchase 911 shares of Common Stock at an exercise price of $1.65 per share until April 2025; (2) warrants to purchase 1,244,108 shares of our Common Stock at an exercise price of $2.00 per share consisting of 1% of the warrants until August 2024, and 99% until February 2026; (3) warrants to purchase 474,966 shares of Common Stock at an exercise price of $2.40 until September 2024; (4) warrants to purchase 386,311 shares of Common Stock at an exercise price of $2.63 until November 2025, and (5) warrants to purchase 150,000 shares of Common Stock at an exercise price of $6.72 until February 2024.