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SEGMENTS
 3 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENTS

NOTE 15 – SEGMENTS

Our Chief Executive Officer reviews financial performance based on our two operating segments as follows:

•
Ammunition – which consists of our manufacturing business. The Ammunition segment engages in the design, production and marketing of ammunition, ammunition component and related products.
•
Marketplace – which consists of the GunBroker E-commerce marketplace. In its role as an auction site, GunBroker supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.

The following tables set forth certain financial information utilized by management to evaluate our operating segments for the interim period presented:

 

For the Three Months Ended June 30, 2024

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

and other

 

 

 

 

 

Ammunition

 

 

Marketplace

 

 

expenses

 

 

Total

 

 

 

(Restated)

 

Net Revenues

 

$

18,671,559

 

 

$

12,281,991

 

 

$

-

 

 

$

30,953,550

 

Cost of Revenues

 

 

19,431,459

 

 

 

1,744,790

 

 

 

-

 

 

 

21,176,249

 

General and administrative expense

 

 

3,377,063

 

 

 

2,812,986

 

 

 

10,613,777

 

 

 

16,803,826

 

Depreciation and amortization

 

 

35,866

 

 

 

3,321,679

 

 

 

24,124

 

 

 

3,381,669

 

Income/(Loss) from Operations

 

$

(4,172,829

)

 

$

4,402,536

 

 

$

(10,637,901

)

 

$

(10,408,194

)

 

 

For the Three Months Ended June 30, 2023

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

and other

 

 

 

 

 

Ammunition

 

 

Marketplace

 

 

expenses

 

 

Total

 

Net Revenues

 

$

20,342,373

 

 

$

13,912,202

 

 

$

-

 

 

$

34,254,575

 

Cost of Revenues

 

 

18,426,782

 

 

 

1,815,074

 

 

 

-

 

 

 

20,241,856

 

General and administrative expense

 

 

3,478,749

 

 

 

2,178,370

 

 

 

7,009,957

 

 

 

12,667,076

 

Depreciation and amortization

 

 

132,102

 

 

 

3,211,941

 

 

 

-

 

 

 

3,344,043

 

Income/(Loss) from Operations

 

$

(1,695,260

)

 

$

6,706,817

 

 

$

(7,009,957

)

 

$

(1,998,400

)