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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net Revenues        
Total Revenues $ 34,372,386 $ 48,288,559 $ 68,626,961 $ 109,044,585
Cost of Revenues 26,084,120 35,452,850 46,314,155 78,073,214
Gross Profit 8,288,266 12,835,709 22,312,806 30,971,371
Operating Expenses        
Selling and marketing 289,952 1,068,501 585,533 2,976,671
Corporate general and administrative 7,855,624 5,055,699 15,803,187 10,084,996
Employee salaries and related expenses 5,590,035 3,923,700 9,706,315 6,708,798
Depreciation and amortization expense 3,371,802 3,291,322 6,715,845 6,641,678
Total operating expenses 17,107,413 13,339,222 32,810,880 26,412,143
Income/(Loss) from Operations (8,819,147) (503,513) (10,498,074) 4,559,228
Other Income/(Expenses)        
Other income (321,341) 5,098 371,610 198,596
Interest expense (212,314) (97,265) (416,515) (217,752)
Total other income/(expense) (533,655) (92,167) (44,905) (19,156)
Income/(Loss) before Income Taxes (9,352,802) (595,680) (10,542,979) 4,540,072
Provision for Income Taxes (1,857,505) 207,827 (1,954,649) 2,090,552
Net Income/(Loss) (7,495,297) (803,507) (8,588,330) 2,449,520
Preferred Stock Dividend (782,639) (782,639) (1,556,771) (1,556,771)
Net Income/(Loss) Attributable to Common Stock Shareholders $ (8,277,936) $ (1,586,146) $ (10,145,101) $ 892,749
Net Income/(Loss) per share        
Basic $ (0.07) $ (0.01) $ (0.09) $ 0.01
Diluted $ (0.07) $ (0.01) $ (0.09) $ 0.01
Weighted average number of shares outstanding        
Basic 118,167,228 116,927,607 117,941,755 116,744,972
Diluted 118,167,228 116,927,607 117,941,755 118,063,619
Ammunition Sales [Member]        
Net Revenues        
Total Revenues [1] $ 15,516,589 $ 29,386,969 $ 29,622,618 $ 70,356,852
Marketplace Revenue [Member]        
Net Revenues        
Total Revenues 12,474,716 14,562,694 26,386,918 31,067,640
Casing Sales [Member]        
Net Revenues        
Total Revenues $ 6,381,081 $ 4,338,896 $ 12,617,425 $ 7,620,093
[1] Included in revenue for the three months ended September 30, 2023 and 2022 are excise taxes of $1,284,166 and $2,435,051, respectively. Included in revenue for the six months ended September 30, 2023 and 2022 are excise taxes of $2,459,962 and $6,147,392, respectively.