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v3.25.1

SEGMENTS (Tables) | 12 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
SCHEDULE OF OPERATING SEGMENTS |
|  | For the Year Ended March 31, 2024 |
|  | Ammunition |  |  | Marketplace |  |  | Corporate and other expenses |  |  | Total |
|  | (As Restated) |
Net Revenues |  | $ | 91,112,496 |  |  | $ | 53,942,076 |  |  | $ | - |  |  | $ | 145,054,572 |
Cost of Revenues |  |  | 94,818,546 |  |  |  | 7,660,541 |  |  |  | - |  |  |  | 102,479,087 |
General and administrative expense |  |  | 8,967,456 |  |  |  | 9,885,131 |  |  |  | 29,800,768 |  |  |  | 48,653,355 |
Depreciation and amortization |  |  | 508,485 |  |  |  | 13,034,306 |  |  |  | - |  |  |  | 13,542,791 |
Income/(Loss) from Operations |  | $ | (13,181,991 | ) |  | $ | 23,362,098 |  |  | $ | (29,800,768 | ) |  | $ | (19,620,661 | )
|  | For the Year Ended March 31, 2023 |
|  | Ammunition |  |  | Marketplace |  |  | Corporate and other expenses |  |  | Total |
|  | (As Restated) |
Net Revenues |  | $ | 128,290,128 |  |  | $ | 63,149,673 |  |  | $ | - |  |  | $ | 191,439,801 |
Cost of Revenues |  |  | 126,961,549 |  |  |  | 9,116,939 |  |  |  | - |  |  |  | 136,078,488 |
General and administrative expense |  |  | 10,378,456 |  |  |  | 9,707,425 |  |  |  | 29,444,236 |  |  |  | 49,530,117 |
Depreciation and amortization |  |  | 578,326 |  |  |  | 12,700,436 |  |  |  | - |  |  |  | 13,278,762 |
Income/(Loss) from Operations |  | $ | (9,628,203 | ) |  | $ | 31,624,873 |  |  | $ | (29,444,236 | ) |  | $ | (7,447,566 | )
|  | For the Year Ended March 31, 2022 |
|  | Ammunition |  |  | Marketplace |  |  | Corporate and other expenses |  |  | Total |
|  | (As Restated) |
Net Revenues |  | $ | 175,660,650 |  |  | $ | 64,608,516 |  |  | $ | - |  |  | $ | 240,269,166 |
Cost of Revenues |  |  | 142,820,590 |  |  |  | 8,732,351 |  |  |  | - |  |  |  | 151,552,941 |
General and administrative expense |  |  | 11,932,720 |  |  |  | 8,434,308 |  |  |  | 26,098,079 |  |  |  | 46,465,107 |
Depreciation and amortization |  |  | 1,602,695 |  |  |  | 12,122,370 |  |  |  | - |  |  |  | 13,725,065 |
Income/(Loss) from Operations |  | $ | 19,304,645 |  |  | $ | 35,319,487 |  |  | $ | (26,098,079 | ) |  | $ | 28,526,053 |
Total assets by segment were as follows:
|  | For the Year Ended |
|  | March 31, 2024 |  |  | March 31, 2023 |  |  | March 31, 2022 |
Ammunition |  | $ | 167,001,641 |  |  | $ | 154,904,363 |  |  | $ | 161,967,259 |
Marketplace |  |  | 236,037,694 |  |  |  | 258,290,780 |  |  |  | 253,873,206 |
|  | $ | 403,039,335 |  |  | $ | 413,195,143 |  |  | $ | 415,840,465 |
Total capital expenditures by segment were as follows:
|  | For the Year Ended |
|  | March 31, 2024 |  |  | March 31, 2023 |  |  | March 31, 2022 |
Ammunition |  | $ | 5,519,135 |  |  | $ | 10,819,177 |  |  | $ | 17,728,023 |
Marketplace |  |  | 2,505,630 |  |  |  | 1,722,148 |  |  |  | 1,490,959 |
|  | $ | 8,024,765 |  |  | $ | 12,541,325 |  |  | $ | 19,218,982 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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