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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
SCHEDULE OF CONCENTRATION RISK OF ACCOUNTS RECEIVABLE

 

 

Revenues

 

 

Accounts Receivable

 

PERCENTAGES

 

Three Months Ended September 30, 2024

 

 

Six Months Ended September 30, 2024

 

 

September 30, 2024

 

 

March 31, 2024

 

Customers:

 

 

 

 

 

 

 

 

 

 

 

 

A

 

 

-

 

 

 

-

 

 

 

10.1

%

 

 

11.8

%

 

 

-

 

 

 

-

 

 

 

10.1

%

 

 

11.8

%

SCHEDULE OF DISAGGREGATED REVENUE FROM CUSTOMERS BY SEGMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

September 30, 2024

 

 

September 30, 2023

 

Ammunition Sales(1)

 

$

15,959,912

 

 

$

15,516,589

 

 

$

29,319,466

 

 

$

29,622,618

 

Marketplace Revenue

 

 

11,983,021

 

 

 

12,474,716

 

 

 

24,265,012

 

 

 

26,386,918

 

Casings Sales

 

 

3,476,652

 

 

 

6,381,081

 

 

 

8,788,657

 

 

 

12,617,425

 

Total Revenue

 

$

31,419,585

 

 

$

34,372,386

 

 

$

62,373,135

 

 

$

68,626,961

 

 

(1)
Included in revenue for the three and six months ended September 30, 2024 are excise taxes of $1,350,597 and $2,654,200, respectively. Included in revenue for the three and six months ended September 30, 2023 are excise taxes of $1,284,166 and $2,459,962, respectively.