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SCHEDULE OF QUARTERLY STATEMENT OF OPERATIONS (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Sep. 30, 2023
Dec. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Net revenues                  
Total revenues $ 40,421,147 $ 36,006,464 $ 34,372,386 $ 34,254,575 $ 68,626,961 $ 104,633,425 $ 145,054,572 $ 191,439,801 $ 240,269,166
Cost of revenues 31,033,381 25,107,909 26,095,941 20,241,856 46,337,797 71,445,706 102,479,087 136,078,488 151,552,941
Gross Profit 9,387,766 10,898,555 8,276,445 14,012,719 22,289,164 33,187,719 42,575,485 55,361,313 88,716,225
Operating expenses                  
Selling and marketing 547,981 236,565 289,952 295,581 585,533 822,098 1,370,079 4,729,540 7,310,216
Corporate general and administrative 7,976,832 5,803,255 7,855,624 7,947,563 15,803,187 21,606,442 29,583,274 24,980,079 24,120,483
Employee salaries and related expenses 3,470,974 4,034,076 5,771,020 4,423,932 10,194,952 14,229,028 17,700,002 19,820,498 15,034,408
Depreciation and amortization expense 3,425,790 3,401,156 3,371,802 3,344,043 6,715,845 10,117,001 13,542,791 13,278,762 13,725,065
Total operating expenses 15,421,577 13,475,052 17,288,398 16,011,119 33,299,517 46,774,569 62,196,146 62,808,879 60,190,172
Income/(Loss) from Operations (6,033,811) (2,576,497) (9,011,953) (1,998,400) (11,010,353) (13,586,850) (19,620,661) (7,447,566) 28,526,053
Other expenses                  
Other income (708,779) 4,576 (321,341) 692,951 371,610 376,186 (332,593) 25,181 21,840
Interest expense 163,088 (193,046) (212,314) (204,201) (416,515) (609,561) (446,473) (632,062) (637,797)
Total other expense (545,691) (188,470) (533,655) 488,750 (44,905) (233,375) (779,066) (606,881) (615,957)
Income/(Loss) before Income Taxes (6,579,502) (2,764,967) (9,545,608) (1,509,650) (11,055,258) (13,820,225) (20,399,727) (8,054,447) 27,910,096
Provision for income taxes 1,361,700 359,189 1,879,641 205,588 2,085,229 2,444,418 3,806,118 (712,239) (2,042,918)
Net Income/(Loss) (5,217,802) (2,405,778) (7,665,967) (1,304,062) (8,970,029) (11,375,807) (16,593,609) (8,766,686) 25,867,178
Preferred Stock Dividend (782,639) (782,639) (782,639) (774,132) (1,556,771) (2,339,410) (3,122,049) (3,105,034) (2,668,649)
Net Income/(Loss) Attributable to Common Stock Shareholders $ (6,000,441) $ (3,188,417) $ (8,448,606) $ (2,078,194) $ (10,526,800) $ (13,715,217) $ (19,715,658) $ (11,871,720) $ 23,198,529
Net income/(loss) per share                  
Basic $ (0.05) $ (0.03) $ (0.07) $ (0.02) $ (0.09) $ (0.12) $ (0.17) $ (0.1) $ 0.21
Diluted $ (0.05) $ (0.03) $ (0.07) $ (0.02) $ (0.09) $ (0.12) $ (0.17) $ (0.1) $ 0.2
Ammunition Sales [Member]                  
Net revenues                  
Total revenues $ 22,445,216 $ 17,322,967 $ 15,516,589 $ 14,106,029 $ 29,622,618 $ 46,945,585 $ 69,390,801 [1],[2] $ 114,116,044 [1],[2] $ 161,459,025 [1],[2]
Marketplace Fee Revenue [Member]                  
Net revenues                  
Total revenues 13,570,124 13,985,034 12,474,716 13,912,202 26,386,918 40,371,952 53,942,076 63,149,673 64,608,516
Ammunition Casings Sales [Member]                  
Net revenues                  
Total revenues 4,405,807 4,698,463 6,381,081 6,236,344 12,617,425 17,315,888 21,721,695 14,174,084 14,201,625
As Previously Reported [Member]                  
Net revenues                  
Total revenues 40,421,147 36,006,464 34,372,386 34,254,575 68,626,961 104,633,425 145,054,572 191,439,801 240,269,166
Cost of revenues 31,021,560 25,096,088 26,084,120 20,230,035 46,314,155 71,410,243 102,431,803 136,031,204 151,505,657
Gross Profit 9,399,587 10,910,376 8,288,266 14,024,540 22,312,806 33,223,182 42,622,769 55,408,597 88,763,509
Operating expenses                  
Selling and marketing 547,981 236,565 289,952 295,581 585,533 822,098 1,370,079 4,729,540 7,310,216
Corporate general and administrative 7,976,832 5,803,255 7,855,624 7,947,563 15,803,187 21,606,442 29,583,274 24,980,079 16,986,344
Employee salaries and related expenses 3,607,354 3,390,153 5,590,035 4,116,280 9,706,315 13,096,468 16,703,822 15,679,135 13,615,439
Depreciation and amortization expense 3,425,790 3,401,156 3,371,802 3,344,043 6,715,845 10,117,001 13,542,791 13,278,762 13,702,148
Total operating expenses 15,557,957 12,831,129 17,107,413 15,703,467 32,810,880 45,642,009 61,199,966 58,667,516 51,614,147
Income/(Loss) from Operations (6,158,370) (1,920,753) (8,819,147) (1,678,927) (10,498,074) (12,418,827) (18,577,197) (3,258,919) 37,149,362
Other expenses                  
Other income (708,779) 4,576 (321,341) 692,951 371,610 376,186 (332,593) 25,181 21,840
Interest expense 163,088 (193,046) (212,314) (204,201) (416,515) (609,561) (446,473) (632,062) (637,797)
Total other expense (545,691) (188,470) (533,655) 488,750 (44,905) (233,375) (779,066) (606,881) (615,957)
Income/(Loss) before Income Taxes (6,704,061) (2,109,223) (9,352,802) (1,190,177) (10,542,979) (12,652,202) (19,356,263) (3,865,800) 36,533,405
Provision for income taxes 1,371,180 465,234 1,857,505 97,144 1,954,649 2,419,883 3,791,063 (730,238) (3,285,969)
Net Income/(Loss) (5,332,881) (1,643,989) (7,495,297) (1,093,033) (8,588,330) (10,232,319) (15,565,200) (4,596,038) 33,247,436
Preferred Stock Dividend (782,639) (782,639) (782,639) (774,132) (1,556,771) (2,339,410) (3,122,049) (3,105,034) (2,668,649)
Net Income/(Loss) Attributable to Common Stock Shareholders $ (6,115,520) $ (2,426,628) $ (8,277,936) $ (1,867,165) $ (10,145,101) $ (12,571,729) $ (18,687,249) $ (7,701,072) $ 30,578,787
Net income/(loss) per share                  
Basic $ (0.05) $ (0.02) $ (0.07) $ (0.02) $ (0.09) $ (0.11) $ (0.16) $ (0.07) $ 0.27
Diluted $ (0.05) $ (0.02) $ (0.07) $ (0.02) $ (0.09) $ (0.11) $ (0.16) $ (0.07) $ 0.27
As Previously Reported [Member] | Ammunition Sales [Member]                  
Net revenues                  
Total revenues $ 22,445,216 $ 17,322,967 $ 15,516,589 $ 14,106,029 $ 29,622,618 $ 46,945,585 $ 69,390,801 $ 114,116,044 $ 161,459,025
As Previously Reported [Member] | Marketplace Fee Revenue [Member]                  
Net revenues                  
Total revenues 13,570,124 13,985,034 12,474,716 13,912,202 26,386,918 40,371,952 53,942,076 63,149,673 64,608,516
As Previously Reported [Member] | Ammunition Casings Sales [Member]                  
Net revenues                  
Total revenues 4,405,807 4,698,463 6,381,081 6,236,344 12,617,425 17,315,888 $ 21,721,695 $ 14,174,084 $ 14,201,625
Stock Based Payments Adjustments [Member]                  
Operating expenses                  
Employee salaries and related expenses (136,380) 643,923 180,985 307,652 488,637 1,132,560      
Total operating expenses (136,380) 643,923 180,985 307,652 488,637 1,132,560      
Income/(Loss) from Operations 136,380 (643,923) (180,985) (307,652) (488,637) (1,132,560)      
Other expenses                  
Income/(Loss) before Income Taxes 136,380 (643,923) (180,985) (307,652) (488,637) (1,132,560)      
Net Income/(Loss) 136,380 (643,923) (180,985) (307,652) (488,637) (1,132,560)      
Net Income/(Loss) Attributable to Common Stock Shareholders 136,380 (643,923) (180,985) (307,652) (488,637) (1,132,560)      
Other Adjustments [Member]                  
Net revenues                  
Cost of revenues 11,821 11,821 11,821 11,821 23,642 35,463      
Gross Profit (11,821) (11,821) (11,821) (11,821) (23,642) (35,463)      
Operating expenses                  
Income/(Loss) from Operations (11,821) (11,821) (11,821) (11,821) (23,642) (35,463)      
Other expenses                  
Income/(Loss) before Income Taxes (11,821) (11,821) (11,821) (11,821) (23,642) (35,463)      
Provision for income taxes (9,480) (106,045) 22,136 108,444 130,580 24,535      
Net Income/(Loss) (21,301) (117,866) 10,315 96,623 106,938 (10,928)      
Net Income/(Loss) Attributable to Common Stock Shareholders $ (21,301) $ (117,866) $ 10,315 $ 96,623 $ 106,938 $ (10,928)      
[1]
(1)
Included in revenue for the years ended March 31, 2024, 2023, and 2022 are excise taxes of $6,155,524, $9,789,897, and $14,646,983, respectively.
[2] Included in revenue for the years ended March 31, 2024, 2023, and 2022 are excises taxes of $6,155,524, $9,789,897, and $14,646,983, respectively.