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CAPITAL STOCK | 3 Months Ended
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Jun. 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 three month period ended June 30, 2023, we issued 390,111 shares of common stock as follows:
| ● | 390,111 shares valued at $822,797 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 June 30, 2023, outstanding and exercisable stock purchase warrants consisted of the following: SCHEDULE OF OUTSTANDING AND EXERCISABLE STOCK PURCHASE WARRANTS
|  | 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 June 30, 2023 |  |  | 2,256,296 |  |  | $ | 2.51 |  |  |  | 1.51 |
Exercisable at June 30, 2023 |  |  | 2,256,296 |  |  | $ | 2.51 |  |  |  | 1.51 |
As of June 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.

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