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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Net Revenues        
Total Revenues $ 36,006,464 $ 38,711,494 $ 104,633,425 $ 147,756,079
Cost of Revenues 25,096,088 26,184,315 71,410,243 104,257,529
Gross Profit 10,910,376 12,527,179 33,223,182 43,498,550
Operating Expenses        
Selling and marketing 236,565 1,010,543 822,098 3,987,214
Corporate general and administrative 5,803,255 7,835,201 21,606,442 17,920,197
Employee salaries and related expenses 3,390,153 4,705,636 13,096,468 11,414,434
Depreciation and amortization expense 3,401,156 3,309,074 10,117,001 9,950,752
Total operating expenses 12,831,129 16,860,454 45,642,009 43,272,597
Income/(Loss) from Operations (1,920,753) (4,333,275) (12,418,827) 225,953
Other Expenses        
Other income/(loss) 4,576 (170,403) 376,186 28,193
Interest expense (193,046) (320,439) (609,561) (538,191)
Total other expense, net (188,470) (490,842) (233,375) (509,998)
Loss before Income Taxes (2,109,223) (4,824,117) (12,652,202) (284,045)
Provision for Income Taxes (465,234) (721,125) (2,419,883) 1,369,427
Net Loss (1,643,989) (4,102,992) (10,232,319) (1,653,472)
Preferred Stock Dividend (782,639) (782,639) (2,339,410) (2,339,409)
Net Loss Attributable to Common Stock Shareholders $ (2,426,628) $ (4,885,631) $ (12,571,729) $ (3,992,881)
Net Loss per share        
Basic $ (0.02) $ (0.04) $ (0.11) $ (0.03)
Diluted $ (0.02) $ (0.04) $ (0.11) $ (0.03)
Weighted average number of shares outstanding        
Basic 118,447,154 117,348,511 118,110,943 116,950,013
Diluted 118,447,154 117,348,511 118,110,943 116,950,013
Ammunition Sales [Member]        
Net Revenues        
Total Revenues [1],[2] $ 17,322,967 $ 20,250,965 $ 46,945,585 $ 90,607,817
Marketplace Revenue [Member]        
Net Revenues        
Total Revenues 13,985,034 15,419,202 40,371,952 46,486,842
Casing Sales [Member]        
Net Revenues        
Total Revenues $ 4,698,463 $ 3,041,327 $ 17,315,888 $ 10,661,420
[1] Included in revenue for the three months ended December 31, 2023 and 2022 are excise taxes of $1,498,429 and $1,669,206, respectively. Included in revenue for the nine months ended December 31, 2023 and 2022 are excise taxes of $3,958,391 and $7,816,598, respectively.
[2] Included in revenue for the three months ended December 31, 2023 and 2022 are excise taxes of $1,498,429 and $1,669,206, respectively. Included in revenue for the nine months ended December 31, 2023 and 2022 are excise taxes of $3,958,391 and $7,816,598, respectively.