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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Net Revenues    
Total Revenue $ 30,953,550 $ 34,254,575
Cost of Revenues 21,164,428 20,230,035
Gross Profit 9,789,122 14,024,540
Operating Expenses    
Selling and marketing 298,613 295,581
Corporate general and administrative 11,323,078 7,947,563
Employee salaries and related expenses 4,462,101 4,116,280
Depreciation and amortization expense 3,381,669 3,344,043
Total operating expenses 19,465,461 15,703,467
Loss from Operations (9,676,339) (1,678,927)
Other Income    
Other income 252,232 692,951
Interest expense (196,522) (204,201)
Total other income 55,710 488,750
Loss before Income Taxes (9,620,629) (1,190,177)
Benefit for Income Taxes (2,559,342) (97,144)
Net Loss (7,061,287) (1,093,033)
Preferred Stock Dividend (774,132) (774,132)
Net Loss Attributable to Common Stock Shareholders $ (7,835,419) $ (1,867,165)
Net Loss per share    
Basic $ (0.07) $ (0.02)
Diluted $ (0.07) $ (0.02)
Weighted average number of shares outstanding    
Basic 119,105,502 117,713,805
Diluted 119,105,502 117,713,805
Ammunition Sales [Member]    
Net Revenues    
Total Revenue [1],[2] $ 13,359,554 $ 14,106,029
Marketplace Fee Revenue [Member]    
Net Revenues    
Total Revenue 12,281,991 13,912,202
Ammunition Casings Sales [Member]    
Net Revenues    
Total Revenue $ 5,312,005 $ 6,236,344
[1] Included in revenue for the three months ended June 30, 2024 and 2023 are excise taxes of $1,303,603 and $1,175,796, respectively.
[2] Included in revenue for the three months ended June 30, 2024 and 2023 are excise taxes of $1,303,603 and $1,175,796, respectively.