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Consolidated Statements of Operations - 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 (expense) 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
Weighted average number of shares outstanding                  
Basic             118,249,486 117,177,885 112,328,680
Diluted             118,249,486 117,177,885 114,825,835
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
[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.