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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Net Revenues      
Total Revenues $ 145,054,572 $ 191,439,801 $ 240,269,166
Cost of Revenues 102,431,803 136,031,204 151,505,657
Gross Profit 42,622,769 55,408,597 88,763,509
Operating Expenses      
Selling and marketing 1,370,079 4,729,540 7,310,216
Corporate general and administrative 29,583,274 24,980,079 16,986,344
Employee salaries and related expenses 16,703,822 15,679,135 13,615,439
Depreciation and amortization expense 13,542,791 13,278,762 13,702,148
Total operating expenses 61,199,966 58,667,516 51,614,147
Income/(Loss) from Operations (18,577,197) (3,258,919) 37,149,362
Other Expenses      
Other income (332,593) 25,181 21,840
Interest expense (446,473) (632,062) (637,797)
Total other expense (779,066) (606,881) (615,957)
Income/(Loss) before Income Taxes (19,356,263) (3,865,800) 36,533,405
Provision for Income Taxes (3,791,063) 730,238 3,285,969
Net Income/(Loss) (15,565,200) (4,596,038) 33,247,436
Preferred Stock Dividend (3,122,049) (3,105,034) (2,668,649)
Net Income/(Loss) Attributable to Common Stock Shareholders $ (18,687,249) $ (7,701,072) $ 30,578,787
Net Income/(Loss) per share      
Basic $ (0.16) $ (0.07) $ 0.27
Diluted $ (0.16) $ (0.07) $ 0.27
Weighted average number of shares outstanding      
Basic 118,249,486 117,177,885 112,328,680
Diluted 118,249,486 117,177,885 114,189,720
Ammunition Sales [Member]      
Net Revenues      
Total Revenues [1],[2] $ 69,390,801 $ 114,116,044 $ 161,459,025
Marketplace Fee Revenue [Member]      
Net Revenues      
Total Revenues 53,942,076 63,149,673 64,608,516
Ammunition Casings Sales [Member]      
Net Revenues      
Total Revenues $ 21,721,695 $ 14,174,084 $ 14,201,625
[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,
[2] Included in revenue for the years ended March 31, 2024, 2023, and 2022 is excises taxes of $6,155,524, $9,789,897, and $14,646,983, respectively.