2024 Q2 Form 10-K Financial Statement

#000149315224023731 Filed on June 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $30.95M $40.42M $145.1M
YoY Change -9.64% -7.47% -24.23%
Cost Of Revenue $21.16M $31.02M $102.4M
YoY Change 4.62% -2.37% -24.7%
Gross Profit $9.789M $9.400M $42.62M
YoY Change -30.2% -21.08% -23.08%
Gross Profit Margin 31.63% 23.25% 29.38%
Selling, General & Admin $16.08M $12.13M $47.66M
YoY Change 30.13% 0.54% 60.41%
% of Gross Profit 164.3% 129.07% 111.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.382M $4.767M $13.54M
YoY Change 1.13% 4.33% 1.99%
% of Gross Profit 34.55% 50.71% 31.77%
Operating Expenses $19.47M $15.56M $61.20M
YoY Change 23.96% 1.06% 4.32%
Operating Profit -$9.676M -$6.158M -$18.58M
YoY Change 476.34% 76.72% 470.04%
Interest Expense -$196.5K $163.1K -$446.5K
YoY Change -3.76% -273.74% -29.36%
% of Operating Profit
Other Income/Expense, Net $55.71K -$708.8K -$779.1K
YoY Change -88.6% 23447.51% 28.37%
Pretax Income -$9.621M -$6.704M -$19.36M
YoY Change 708.34% 87.17% 400.71%
Income Tax -$2.559M -$1.371M -$3.791M
% Of Pretax Income
Net Earnings -$7.061M -$6.116M -$15.57M
YoY Change 546.03% 64.92% 238.67%
Net Earnings / Revenue -22.81% -15.13% -10.73%
Basic Earnings Per Share -$0.07 -$0.16
Diluted Earnings Per Share -$0.07 -$0.05 -$0.16
COMMON SHARES
Basic Shares Outstanding 119.2M shares 118.7M shares 118.2M shares
Diluted Shares Outstanding 119.1M shares 118.2M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.75M $55.59M $55.59M
YoY Change 6.84% 42.04% 42.04%
Cash & Equivalents $50.75M $55.59M
Short-Term Investments
Other Short-Term Assets $4.244M $2.154M $2.154M
YoY Change -26.75% -61.72% -61.72%
Inventory $54.72M $45.56M $45.56M
Prepaid Expenses $4.244M $2.154M
Receivables $19.44M $28.22M $28.22M
Other Receivables $4.800M $0.00 $0.00
Total Short-Term Assets $134.0M $131.5M $131.5M
YoY Change 2.59% 2.39% 2.39%
LONG-TERM ASSETS
Property, Plant & Equipment $58.00M $58.08M $60.08M
YoY Change 3.71% 3.79% 4.99%
Goodwill $90.87M $90.87M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.372M $1.836M $1.836M
YoY Change 32.17% -73.87% -73.87%
Total Long-Term Assets $268.5M $268.4M $268.4M
YoY Change -3.25% -5.46% -5.46%
TOTAL ASSETS
Total Short-Term Assets $134.0M $131.5M $131.5M
Total Long-Term Assets $268.5M $268.4M $268.4M
Total Assets $402.4M $399.9M $399.9M
YoY Change -1.38% -3.02% -3.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.68M $23.16M $23.16M
YoY Change 38.65% 28.08% 28.08%
Accrued Expenses $17.14M $7.031M $5.328M
YoY Change 269.31% 61.5% 10.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $276.6K $273.5K $273.5K
YoY Change -0.22% -38.03% -38.03%
Total Short-Term Liabilities $42.27M $30.94M $30.94M
YoY Change 76.84% 21.51% 21.51%
LONG-TERM LIABILITIES
Long-Term Debt $10.71M $10.74M $10.74M
YoY Change -1.39% -1.71% -1.71%
Other Long-Term Liabilities $1.467M $1.670M $1.670M
YoY Change 55.29% 59.95% 59.95%
Total Long-Term Liabilities $12.18M $12.40M $12.40M
YoY Change 3.14% 3.67% 3.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.27M $30.94M $30.94M
Total Long-Term Liabilities $12.18M $12.40M $12.40M
Total Liabilities $54.44M $43.35M $43.35M
YoY Change 43.58% 9.07% 9.07%
SHAREHOLDERS EQUITY
Retained Earnings -$45.46M -$37.62M
YoY Change 118.44% 98.61%
Common Stock $118.8K $119.2K
YoY Change 0.69% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.768M $2.673M
YoY Change 90.49% 411.94%
Treasury Stock Shares
Shareholders Equity $348.0M $356.6M $356.6M
YoY Change
Total Liabilities & Shareholders Equity $402.4M $399.9M $399.9M
YoY Change -1.38% -3.02% -3.02%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$7.061M -$6.116M -$15.57M
YoY Change 546.03% 64.92% 238.67%
Depreciation, Depletion And Amortization $3.382M $4.767M $13.54M
YoY Change 1.13% 4.33% 1.99%
Cash From Operating Activities -$547.5K $4.312M $32.63M
YoY Change -104.21% -74.82% -8.23%
INVESTING ACTIVITIES
Capital Expenditures $1.420M $2.462M $8.025M
YoY Change 8.06% -36.01%
Acquisitions
YoY Change
Other Investing Activities $3.750K $3.750K
YoY Change -100.19% -100.03%
Cash From Investing Activities -$1.420M -$2.459M -$8.021M
YoY Change 8.06% 24.48% -36.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.152M
YoY Change 311.94%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.865M -946.7K -$8.658M
YoY Change -13.49% -69.55% 29.95%
NET CHANGE
Cash From Operating Activities -$547.5K 4.312M $32.63M
Cash From Investing Activities -$1.420M -2.459M -$8.021M
Cash From Financing Activities -$2.865M -946.7K -$8.658M
Net Change In Cash -$4.832M 906.6K $15.95M
YoY Change -157.72% -92.47% -2.45%
FREE CASH FLOW
Cash From Operating Activities -$547.5K $4.312M $32.63M
Capital Expenditures $1.420M $2.462M $8.025M
Free Cash Flow -$1.967M $1.850M $24.61M
YoY Change -116.84% -89.2% 6.92%

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CY2023Q1 us-gaap Restricted Cash
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CY2024 POWW Insurance Premium Note Payment
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CY2023 POWW Construction Note Payable
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387968 usd
CY2022 POWW Acquisition Stock Issuances
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CY2022 POWW Non Cash Warrant Issued For Services
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CY2016Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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475681 shares
CY2016Q4 us-gaap Stock Issued During Period Shares Stock Splits
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11891976 shares
CY2016Q4 us-gaap Stockholders Equity Reverse Stock Split
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1-for-25 reverse stock split (“Reverse Split”) of the issued and outstanding shares of the common stock of the Company. As a result of the reverse split, the previous issued and outstanding shares of common stock became 580,052 shares; no shareholder was reversed below 100 shares, and all fractional shares resulting from the reverse split were rounded up to the next whole share
CY2016Q4 us-gaap Common Stock Shares Issued
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580052 shares
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580052 shares
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zNTkki2P4ah8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zICRfrnvScDh">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires us to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made in preparing the condensed consolidated financial statements include the valuation of allowances for credit losses, valuation of deferred tax assets, inventories, useful lives of assets, goodwill, intangible assets, stock-based compensation, and warrant-based compensation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Goodwill
Goodwill
90870094 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3666078 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3246551 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
31887399 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
32592931 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
145054572 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
191439801 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
240269166 usd
CY2024 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
6155524 usd
CY2023 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
9789897 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117177885 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112328680 shares
CY2022 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1861040 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118249486 shares
CY2024Q1 POWW Excise Tax Percentage
ExciseTaxPercentage
0.11 pure
CY2024 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
6200000 usd
CY2023 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
9800000 usd
CY2022 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
14600000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117177885 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114189720 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84C_eus-gaap--ConcentrationRiskCreditRisk_zmy43ZJHG9p1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zycU6avgesz6">Concentrations of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts at banks are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $<span id="xdx_90B_eus-gaap--CashFDICInsuredAmount_iI_c20240331_z7RvZqdBhGJl" title="Cash, FDIC insured amount">250,000</span>. As of March 31, 2024, our bank account balances exceeded federally insured limits, however, we have not incurred losses related to these deposits.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
We measure recognized income tax positions at the largest amount that is greater than 50% likely of being realized. We reflect changes in recognition or measurement in the period in which the change in judgment occurs.
CY2023Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
140000000 usd
CY2024Q1 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
100000000 usd
CY2024 POWW Accrual Contingencies
AccrualContingencies
1400000 usd
CY2024Q1 POWW Other Contingencies
OtherContingencies
0 usd
CY2024 POWW Net Income Loss1
NetIncomeLoss1
-15565200 usd
CY2023 POWW Net Income Loss1
NetIncomeLoss1
-4596038 usd
CY2022 POWW Net Income Loss1
NetIncomeLoss1
33247436 usd
CY2024 POWW Preferred Stock Dividends Income Statement Impact1
PreferredStockDividendsIncomeStatementImpact1
3122049 usd
CY2023 POWW Preferred Stock Dividends Income Statement Impact1
PreferredStockDividendsIncomeStatementImpact1
3105034 usd
CY2022 POWW Preferred Stock Dividends Income Statement Impact1
PreferredStockDividendsIncomeStatementImpact1
2668648 usd
CY2024 POWW Net Income Loss Available To Common Stockholders Basic1
NetIncomeLossAvailableToCommonStockholdersBasic1
-18687249 usd
CY2023 POWW Net Income Loss Available To Common Stockholders Basic1
NetIncomeLossAvailableToCommonStockholdersBasic1
-7701072 usd
CY2022 POWW Net Income Loss Available To Common Stockholders Basic1
NetIncomeLossAvailableToCommonStockholdersBasic1
30578788 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118249486 shares
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
47010336 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3666078 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3246551 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3055252 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
28221321 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
29346380 usd
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
43955084 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3055252 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
2160323 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1969024 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3246551 usd
CY2024 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1530891 usd
CY2024 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1111364 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3666078 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11055061 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14362514 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
24158244 usd
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
23898596 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
10350029 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
16083709 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
45563334 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
54344819 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2000093 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1261634 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2089487 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1374224 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
479651 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
470734 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1609836 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2089487 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
903490 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1374224 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
78390161 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
70529919 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20308121 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14566664 usd
CY2024Q1 POWW Property Plant And Equipment Net1
PropertyPlantAndEquipmentNet1
58082040 usd
CY2023Q1 POWW Property Plant And Equipment Net1
PropertyPlantAndEquipmentNet1
55963255 usd
CY2024 us-gaap Depreciation
Depreciation
5751023 usd
CY2023 us-gaap Depreciation
Depreciation
4452908 usd
CY2022 us-gaap Depreciation
Depreciation
4266126 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
20000000 usd
CY2024 POWW Revolving Loan Description
RevolvingLoanDescription
December 29, 2026 (the “Maturity Date”), at which time the commitments will terminate and all outstanding loans, together with all accrued and unpaid interest, must be repaid. If the Revolving Loan is refinanced by another lender prior to the Maturity Date, an additional fee payable concurrently with such refinancing in an amount equal to (i) three percent (3.0%) of the Total Commitment Amount, if such financing occurs after the Closing Date but on or prior to the first anniversary of the Closing Date, (ii) two percent (2.0%) of the Total Commitment Amount, if such refinancing occurs after the first anniversary of the Closing Date but on or prior to the second anniversary of the Closing Date, and (iii) one percent (1.0%) of the Total Commitment Amount, if such refinancing occurs after the second anniversary of the Closing Date but on or prior to the third anniversary of the Closing Date (the “Prepayment Fee”).
CY2024 POWW Interest Expenses On Factoring Liability
InterestExpensesOnFactoringLiability
185319 usd
CY2024 POWW Amortization Of Commitment Fee
AmortizationOfCommitmentFee
62500 usd
CY2023 POWW Interest Expenses On Factoring Liability
InterestExpensesOnFactoringLiability
153646 usd
CY2023 POWW Amortization Of Commitment Fee
AmortizationOfCommitmentFee
37500 usd
CY2022 POWW Interest Expenses On Factoring Liability
InterestExpensesOnFactoringLiability
327746 usd
CY2022 POWW Amortization Of Commitment Fee
AmortizationOfCommitmentFee
100000 usd
CY2021Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2025-06-17
CY2023Q4 POWW Termination Agreement Expenses
TerminationAgreementExpenses
281108 usd
CY2024 us-gaap Payments For Rent
PaymentsForRent
663826 usd
CY2024 us-gaap Operating Lease Expense
OperatingLeaseExpense
642105 usd
CY2024 POWW Other Lease Operating Expenses
OtherLeaseOperatingExpenses
21722 usd
CY2023 us-gaap Payments For Rent
PaymentsForRent
881171 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
861777 usd
CY2023 POWW Other Lease Operating Expenses
OtherLeaseOperatingExpenses
19394 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
1221473 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
1177589 usd
CY2022 POWW Other Lease Operating Expenses
OtherLeaseOperatingExpenses
43884 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.100 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.100 pure
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
666233 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
665069 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
581574 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
379067 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
258102 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2550045 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
460558 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2089487 usd
CY2019Q2 us-gaap Debt Instrument Description
DebtInstrumentDescription
The note bears interest per annum at approximately 4.6% payable in arrears monthly.
CY2024 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
257425 usd
CY2023 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
150743 usd
CY2023Q1 us-gaap Cash
Cash
500000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
500000 usd
CY2024Q1 us-gaap Cash
Cash
500000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
772450 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400000 shares
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
100000 shares
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
300000 shares
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
25000 shares
CY2024 POWW Common Stock Purchase Options
CommonStockPurchaseOptions
430457 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
2.08
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.835 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0413 pure
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.50
CY2021Q2 POWW Working Capital Adjustments
WorkingCapitalAdjustments
2000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
48649954 usd
CY2021Q2 POWW Business Combination Working Capital Adjustment
BusinessCombinationWorkingCapitalAdjustment
1870886 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
10755000 usd
CY2021Q2 POWW Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Common Stock
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCommonStock
132645000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
50000000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
243920840 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
17002362 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
478963 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
1051980 usd
CY2021Q2 POWW Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deposits
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeposits
703389 usd
CY2021Q2 POWW Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherIntangibleAssets
146617380 usd
CY2021Q2 us-gaap Goodwill
Goodwill
90870094 usd
CY2021Q2 POWW Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Assets Operating Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAssetsOperatingLeases
612727 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
12514919 usd
CY2021Q2 POWW Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accrued Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccruedLiabilities
196780 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
704356 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
243920840 usd
CY2022 us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
1300000 usd
CY2021Q2 POWW Business Acquisitions Pro Forma Interest And Debt Expense
BusinessAcquisitionsProFormaInterestAndDebtExpense
1800000 usd
CY2021Q2 POWW Business Acquisitions Pro Forma Depreciation And Amortization
BusinessAcquisitionsProFormaDepreciationAndAmortization
900000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.04 pure
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
248314587 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
37793924 usd
CY2024Q1 POWW Accrued Faet
AccruedFaet
1145937 usd
CY2023Q1 POWW Accrued Faet
AccruedFaet
1808065 usd
CY2024Q1 POWW Accrued Bonus Program
AccruedBonusProgram
1185877 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1134368 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
736323 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
964661 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
430344 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
417496 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
618243 usd
CY2024Q1 POWW Income Taxes Payable
IncomeTaxesPayable
359356 usd
CY2023Q1 POWW Income Taxes Payable
IncomeTaxesPayable
403739 usd
CY2024Q1 POWW Accrued Unearned Revenue Current
AccruedUnearnedRevenueCurrent
1822972 usd
CY2023Q1 POWW Accrued Unearned Revenue Current
AccruedUnearnedRevenueCurrent
101593 usd
CY2023Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
252366 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
2681 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7030667 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4353354 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
1600000 usd
CY2023Q3 us-gaap Deposits
Deposits
1600000 usd
CY2023Q3 us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
The term of the certificate of deposit is twelve months and includes interest of approximately 5%. Per the terms of the Merger Agreement, filed with the Commission on a Current Report on Form 8-K on May 6, 2021 (the “Current Report”), the Seller is required to pay or be liable for these losses (capitalized terms are defined the Current Report).
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
352157 usd
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