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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF CONCENTRATION RISK OF TOTAL REVENUES AND ACCOUNTS RECEIVABLE

 

 

Revenues at
December 31, 2024

 

 

Accounts Receivable

 

PERCENTAGES

 

Three Months Ended

 

 

Nine Months Ended

 

 

December 31, 2024

 

 

March 31, 2024

 

Customers:

 

 

 

 

 

 

 

 

 

 

 

 

A

 

 

-

 

 

 

-

 

 

 

-

 

 

 

11.8

%

 

 

-

 

 

 

-

 

 

 

-

 

 

 

11.8

%

SCHEDULE OF DISAGGREGATED REVENUE FROM CUSTOMERS BY SEGMENT

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

December 31, 2024

 

 

December 31, 2023

 

Ammunition Sales(1)

 

$

12,328,368

 

 

$

17,322,967

 

 

$

41,647,834

 

 

$

46,945,585

 

Marketplace Revenue

 

 

12,521,867

 

 

 

13,985,034

 

 

 

36,786,879

 

 

 

40,371,952

 

Casings Sales

 

 

4,337,267

 

 

 

4,698,463

 

 

 

13,125,924

 

 

 

17,315,888

 

Total Revenue

 

$

29,187,502

 

 

$

36,006,464

 

 

$

91,560,637

 

 

$

104,633,425

 

 

(1)
Included in revenue for the three and nine months ended December 31, 2024 are excise taxes of $1,141,259 and $3,795,459, respectively. Included in revenue for the three and nine months ended December 31, 2023 are excise taxes of $1,498,429 and $3,958,391, respectively.