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SEGMENTS
 6 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENTS

NOTE 14 – 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 September 30, 2024

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

and other

 

 

 

 

 

Ammunition

 

 

Marketplace

 

 

expenses

 

 

Total

 

Net revenues

 

$

19,436,564

 

 

$

11,983,021

 

 

$

-

 

 

$

31,419,585

 

Cost of revenues

 

 

22,631,014

 

 

 

1,569,312

 

 

 

-

 

 

 

24,200,326

 

General and administrative expense

 

 

3,244,055

 

 

 

2,861,657

 

 

 

10,202,189

 

 

 

16,307,901

 

Depreciation and amortization

 

 

-

 

 

 

3,351,491

 

 

 

23,985

 

 

 

3,375,476

 

Income/(loss) from Operations

 

$

(6,438,505

)

 

$

4,200,561

 

 

$

(10,226,174

)

 

$

(12,464,118

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended September 30, 2024

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

and other

 

 

 

 

 

Ammunition

 

 

Marketplace

 

 

expenses

 

 

Total

 

Net Revenues

 

$

38,108,124

 

 

$

24,265,011

 

 

$

-

 

 

$

62,373,135

 

Cost of Revenues

 

 

42,062,475

 

 

 

3,314,100

 

 

 

-

 

 

 

45,376,575

 

General and administrative expense

 

 

6,621,116

 

 

 

5,674,645

 

 

 

20,815,966

 

 

 

33,111,727

 

Depreciation and amortization

 

 

35,866

 

 

 

6,673,170

 

 

 

48,109

 

 

 

6,757,145

 

Income/(Loss) from Operations

 

$

(10,611,333

)

 

$

8,603,096

 

 

$

(20,864,075

)

 

$

(22,872,312

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30, 2023

 

 

Ammunition

 

 

Marketplace

 

 

Corporate
and other
expenses

 

 

Total

 

Net Revenues

 

$

21,897,670

 

 

$

12,474,716

 

 

$

-

 

 

$

34,372,386

 

Cost of Revenues

 

 

24,247,232

 

 

 

1,848,709

 

 

 

-

 

 

 

26,095,941

 

General and administrative expense

 

 

1,910,228

 

 

 

2,571,482

 

 

 

9,434,886

 

 

 

13,916,596

 

Depreciation and amortization

 

 

126,907

 

 

 

3,244,895

 

 

 

-

 

 

 

3,371,802

 

Income/(Loss) from Operations

 

$

(4,386,697

)

 

$

4,809,630

 

 

$

(9,434,886

)

 

$

(9,011,953

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended September 30, 2023

 

 

Ammunition

 

 

Marketplace

 

 

Corporate
and other
expenses

 

 

Total

 

Net Revenues

 

$

42,240,043

 

 

$

26,386,918

 

 

$

-

 

 

$

68,626,961

 

Cost of Revenues

 

 

42,674,014

 

 

 

3,663,783

 

 

 

-

 

 

 

46,337,797

 

General and administrative expense

 

 

5,388,978

 

 

 

4,749,852

 

 

 

16,444,842

 

 

 

26,583,672

 

Depreciation and amortization

 

 

259,009

 

 

 

6,456,836

 

 

 

-

 

 

 

6,715,845

 

Income/(Loss) from Operations

 

$

(6,081,958

)

 

$

11,516,447

 

 

$

(16,444,842

)

 

$

(11,010,353

)