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Ammo Inc
7681 E. Gray Rd, Scottsdale
Phone: (302) 697-4590p:302 697-4590 SCOTTSDALE, AZ  85260  United States Ticker: POWWPOWW
On September 27, 2024, the company received a communication from its independent registered public accounting firm, Pannell Kerr Forster of Texas, P.C, in which PKF requested that the company take action to disclose that the following historical financial statements and auditors’ reports previously reported by the Company should no longer be relied upon: (i) financial statements as of and for the year ended March 31, 2024, (ii) financial statements as of and for the year ended March 31, 2023, (iii) financial statements as of and for the year ended March 31, 2022, (iv) financial statements as of and for the year ended March 31, 2021. It is currently being determined whether the company and its management control persons at the time: (i) accurately disclosed all executive officers, members of management, and potential related party transactions in fiscal years 2020 through 2023; (ii) properly characterized certain fees paid for investor relations and legal services as reductions of proceeds from capital raises rather than period expenses in fiscal years 2021 and 2022; and (iii) appropriately valued unrestricted stock awards to officers, directors, employees and others in fiscal years 2020 through 2022.
Business Summary
AMMO, Inc. designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company promotes branded munitions as well as its patented STREAK Visual Ammunition, /stelTH/ subsonic munitions, and specialty rounds for military use via government programs. Its segments include Ammunition and Marketplace. The Ammunition segment consists of its manufacturing business. The Ammunition segment is engaged in the design, production and marketing of ammunition, ammunition component and related products. It supports industry partners with manufactured components such as pistol and rifle brass casings. The Marketplace segment consists of the GunBroker e-commerce marketplace. It allows third party sellers to list items consisting of firearms, hunting gear, fishing equipment, outdoor gear, and much more on its site, while facilitating compliance with federal and state laws that govern the sale of firearms and restricted items.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/20243/31/2024YesYes--Yes

Industries
SIC Code Description
3482 Small arms ammunition
3484 Small arms
3483 Ammunition, except for small arms
5091 Sporting and recreational goods and supplies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board Fred W.Wagenhals 82 7/24/2023 12/1/2016
Chief Executive Officer, Director Jared R.Smith 45 7/24/2023 1/3/2023
Chief Financial Officer Paul J.Kasowski 9/20/2024 1/1/2024
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Outdoors Online, LLC 1690 Roberts Blvd. NW Kennesaw GA United States

Business Names
Business Name
Ammo Munitions, Inc.
Ammo Technologies Inc.
AMMO, Inc.
21 additional Business Names available in full report.

General Information
Number of Employees: 374 (As of 6/10/2024)
Outstanding Shares: 118,756,733 (As of 6/30/2024)
Shareholders: 271
Stock Exchange: NASD
Federal Tax Id: 831950534
Fax Number: (302) 636-5454


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Wednesday, November 20, 2024