XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.1
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 21,176,249 20,241,856
Gross Profit 9,777,301 14,012,719
Operating Expenses    
Selling and marketing 298,613 295,581
Corporate general and administrative 11,323,078 7,947,563
Employee salaries and related expenses 5,182,135 4,423,932
Depreciation and amortization expense 3,381,669 3,344,043
Total operating expenses 20,185,495 16,011,119
Income/(loss) from operations (10,408,194) (1,998,400)
Other Income    
Other income 252,232 692,951
Interest expense (196,522) (204,201)
Total other income 55,710 488,750
Income/(loss) before income taxes (10,352,484) (1,509,650)
Benefit for Income Taxes 4,407,491 (205,588)
Net income/(loss) (14,759,975) (1,304,062)
Preferred Stock Dividend (774,132) (774,132)
Net income/(loss) attributable to common stock shareholders $ (15,534,107) $ (2,078,194)
Net Loss per share    
Basic $ (0.13) $ (0.02)
Diluted $ (0.13) $ (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] $ 13,359,554 [2] $ 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 are excise taxes of $1,303,603.