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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Net Revenues        
Total Revenue $ 29,187,502 $ 36,006,464 $ 91,560,637 $ 104,633,425
Cost of Revenues 21,390,009 25,107,909 66,766,584 71,445,706
Gross Profit 7,797,493 10,898,555 24,794,053 33,187,719
Operating Expenses        
Selling and marketing 175,957 236,565 922,466 822,098
Corporate general and administrative 25,977,011 5,803,255 47,783,353 21,606,442
Employee salaries and related expenses 4,352,837 4,034,076 14,911,713 14,229,028
Depreciation and amortization expense 3,410,758 3,401,156 10,167,903 10,117,001
Total operating expenses 33,916,563 13,475,052 73,785,435 46,774,569
Loss from Operations (26,119,070) (2,576,497) (48,991,382) (13,586,850)
Other Expenses        
Other income 161,705 4,576 616,790 376,186
Interest expense (171,417) (193,046) (534,787) (609,561)
Total other expense, net (9,712) (188,470) 82,003 (233,375)
Loss before Income Taxes (26,128,782) (2,764,967) (48,909,379) (13,820,225)
Provision for Income Taxes (0) (359,189) 4,407,491 (2,444,418)
Net Loss (26,128,782) (2,405,778) (53,316,870) (11,375,807)
Preferred Stock Dividend (782,640) (782,639) (2,339,411) (2,339,410)
Net Loss Attributable to Common Stock Shareholders $ (26,911,422) $ (3,188,417) $ (55,656,281) $ (13,715,217)
Net Loss per share        
Basic $ (0.23) $ (0.03) $ (0.47) $ (0.12)
Diluted $ (0.23) $ (0.03) $ (0.47) $ (0.12)
Weighted average number of shares outstanding        
Basic 116,214,522 118,447,154 118,012,373 118,110,943
Diluted 116,214,522 118,447,154 118,012,373 118,110,943
Ammunition Sales [Member]        
Net Revenues        
Total Revenue [1] $ 12,328,368 $ 17,322,967 $ 41,647,834 $ 46,945,585
Marketplace Fee Revenue [Member]        
Net Revenues        
Total Revenue 12,521,867 13,985,034 36,786,879 40,371,952
Ammunition Casings Sales [Member]        
Net Revenues        
Total Revenue $ 4,337,267 $ 4,698,463 $ 13,125,924 $ 17,315,888
[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.