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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF CONCENTRATION RISK OF TOTAL REVENUES AND ACCOUNTS RECEIVABLE

 

   For the Year Ended
March 31, 2024
   For the Year Ended
March 31, 2023
   For the Year Ended
March 31, 2022
 
PERCENTAGES  Revenues   Accounts Receivable   Revenues  

Accounts

Receivable

   Revenues  

Accounts

Receivable

 
                         
Customers:                                             
                               
A   -    11.8%   12.2%   -    -    - 
B   -    -    -    -    -    11.8%
    -    11.8%   12.2%   -    -    11.8%
SCHEDULE OF DISAGGREGATED REVENUE FROM CUSTOMERS BY SEGMENT

 

             
   For the Year Ended 
   March 31, 2024   March 31, 2023   March 31, 2022 
Ammunition Sales(1)  $69,390,801   $114,116,044   $161,459,025 
Marketplace Fee Revenue   53,942,076    63,149,673    64,608,516 
Ammunition Casings Sales   21,721,695    14,174,084    14,201,625 
Total Sales  $145,054,572   $191,439,801   $240,269,166 

 

(1) Included in revenue for the fiscal year ended March 31, 2024, 2023, and 2022 are excise taxes of $6,155,524, $9,789,897, and $14,646,983, respectively.
SCHEDULE OF FAIR VALUE MEASUREMENT INPUTS AND VALUATION TECHNIQUES

 

   March 31, 2024   March 31, 2023  

March 31, 2022

 
             
Risk free interest rate   4.1%   3.9%   1.21%-1.74%
Expected volatility   83.5%   77.5%   89.1%-90.7%
Expected term   5.75 years    2.5 years    2.5 years 
Expected dividend yield   0%   0%   0%
SCHEDULE OF FAIR VALUE OF COMMON STOCK AND WARRANTS

 

   Quoted
Active
Markets
for
Identified
Assets
   Significant
Other
Observable
Inputs
   Significant
Unobservable
Inputs
   Total 
   (Level 1)   (Level 2)   (Level 3)     
                 
March 31, 2024                                
Common stock purchase options  $-   $430,457   $-   $430,457 
March 31, 2023                    
Warrants issued for services  $-   $427,639   $-   $427,639 
March 31, 2022                    
Warrants issued for services  $-   $1,090,077   $-   $1,090,077