Revenue Recognition We generate revenue from the production and sale of ammunition. We recognize revenue according to ASC 606. When the customer obtains control over the promised goods or services, we record revenue in the amount of consideration that we can expect to receive in exchange for those goods and services. The Company applies the following five-step model to determine revenue recognition: ? identification of a contract with a customer ? identification of the performance obligations in the contact ? determination of the transaction price ? allocation of the transaction price to the separate performance allocation ? recognition of revenue when performance obligations are satisfied The Company only applies the five-step model when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception and once the contract is determined to be within the scope of ASC 606, we assess the goods or services promised within each contract and determines those that are performance obligations, and assesses whether each promised good or service is distinct. Our contracts contain a single performance obligation and the entire transaction price is allocated to the single performance obligation. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Accordingly, we recognize revenues (net) when the customer obtains control of the Companys product, which typically occurs upon shipment of the product. For the year ended March 31, 2019, and the three months ended March 31, 2018 the Companys customers that comprised more than ten percent (10%) of total revenues and accounts receivable were as follows: For the Year Ended March 31, 2019 For the Three Months Ended March 31, 2018 For the Year Ended December 31, 2017 PERCENTAGES Revenues Accounts Receivable Revenues Accounts Receivable Revenues Accounts Receivable Customers: A 24.6 % 29.4 % - - - - B 19.1 % - - - - - C 10.0 % - 35.5 % 54.6 % 57.8 % 27.4 % D - 19.0 % - - - - E - - 17.1 % 12.6 % - - F - - 15.1 % - - - G - - - - - 20.4 % H - - - - - 12.7 % 53.7 % 48.4 % 67.7 % 67.2 % 57.8 % 60.5 %