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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF CONCENTRATION RISK OF TOTAL REVENUES AND ACCOUNTS RECEIVABLE

 

For the Year Ended

 

 

For the Year Ended

 

 

For the Year Ended

 

 

 

March 31, 2024

 

 

March 31, 2023

 

 

March 31, 2022

 

PERCENTAGES

 

Revenues

 

 

Accounts
Receivable

 

 

Revenues

 

 

Accounts
Receivable

 

 

Revenues

 

 

Accounts
Receivable

 

Customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A

 

 

-

 

 

 

11.8

%

 

 

12.2

%

 

 

-

 

 

 

-

 

 

 

-

 

B

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

11.8

%

 

 

-

 

 

 

11.8

%

 

 

12.2

%

 

 

-

 

 

 

-

 

 

 

11.8

%

SCHEDULE OF DISAGGREGATED REVENUE FROM CUSTOMERS BY SEGMENT

 

For the Year Ended

 

 

March 31,
2024

 

 

March 31,
2023

 

 

March 31,
2022

 

Ammunition Sales(1)

 

$

69,390,801

 

 

$

114,116,044

 

 

$

161,459,025

 

Marketplace Revenue

 

 

53,942,076

 

 

 

63,149,673

 

 

 

64,608,516

 

Casings Sales

 

 

21,721,695

 

 

 

14,174,084

 

 

 

14,201,625

 

Total Revenue

 

$

145,054,572

 

 

$

191,439,801

 

 

$

240,269,166

 

 

(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.