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SEGMENTS
 3 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENTS

NOTE 13 – SEGMENTS

 

Our Chief Executive Officer reviews financial performance based on our two operating segments as follows:

 

  ● Ammunition – which consists of our manufacturing business. The Ammunition segment engages in the design, production and marketing of ammunition, ammunition component and related products.
  ● Marketplace – which consists of the GunBroker E-commerce marketplace. In its role as an auction site, GunBroker supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.

 

The reporting of the separate allocation of certain corporate general and administrative expenses includes non-cash stock compensation expense. The following tables set forth certain financial information utilized by management to evaluate our operating segments for the interim period presented:

 

                 
  

For the Three Months Ended

June 30, 2024

 
           Corporate     
           and other     
   Ammunition   Marketplace   expenses   Total 
                 
Net Revenues  $18,671,559   $12,281,991   $-   $30,953,550 
Cost of Revenues   19,419,638    1,744,790    -    21,164,428 
General and administrative expense   3,376,825    2,812,986    9,893,981    16,083,792 
Depreciation and amortization   35,866    3,321,679    24,124    3,381,669 
Income/(Loss) from Operations  $(4,160,770)  $4,402,536   $(9,918,105)  $(9,676,339)

 

                
  

For the Three Months Ended

June 30, 2023

 
           Corporate     
           and other     
   Ammunition   Marketplace   expenses   Total 
                 
Net Revenues  $20,342,373   $13,912,202   $-   $34,254,575 
Cost of Revenues   18,414,961    1,815,074    -    20,230,035 
General and administrative expense   3,478,749    2,178,370    6,702,305    12,359,424 
Depreciation and amortization   132,102    3,211,941    -    3,344,043 
Income/(Loss) from Operations  $(1,683,439)  $6,706,817   $(6,702,305)  $(1,678,927)

 

 

AMMO, Inc.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS