AMMO INC
For the period ended Mar 31, 2024. Filed Jun 13, 2024.
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FY2024 · Filed Jun 13, 2024
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Item 2. PROPERTIES
Our executive offices are located in Scottsdale, Arizona (“AZ”) where we lease approximately 21,000 square feet under a month-to-month triple net lease for approximately $25,000 per month. This space houses our principal executive, administration, and marketing functions.
We lease a 10,000 square foot facility located in Atlanta, Georgia (“GA”) for approximately $20,000 per month. This space houses our GunBroker offices and operations.
We lease a 36,000 square foot facility located in Manitowoc, WI for approximately $10,000 per month. We utilize this facility for manufacturing and packaging .
We own a 185,000 square foot facility in Manitowoc, WI. Since our second fiscal quarter in the year ended March 31, 2023, we have utilized this facility for ammunition and casing manufacturing, research and development, packing, and shipping activities. A portion of this facility was financed by our Construction Loan. The terms of the Construction Loan are documented in Note 12 of our consolidated financial statements.
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