$POWWP
RETROSPETTIVA INC
CIK:0001015383|SEC Filings
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) |
3 Months Ended | ||||
|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
||||
| Cash flow from operating activities: | |||||
| Net income (loss) | $ 3,574,061 | $ (6,458,327) | |||
| Loss from discontinued operations, net of tax | 0 | (595,634) | [1] | ||
| Net income (loss) from continuing operations | 3,574,061 | (5,862,693) | |||
| Adjustments to reconcile net loss to net cash provided by/(used in) operations: | |||||
| Depreciation and amortization | 3,713,954 | 3,510,021 | |||
| Debt discount amortization | 50,555 | 136,105 | |||
| Amortization of contract costs | 35,417 | 0 | |||
| Stock-based compensation | 300,035 | 787,826 | |||
| Loss on disposal of assets | 0 | 2,108 | |||
| Allowance for credit losses | 66,903 | 209,215 | |||
| Reduction in right of use asset | 58,396 | 185,373 | |||
| Changes in current assets and liabilities | |||||
| Accounts receivable | 789,767 | 1,031,348 | |||
| Prepaid expenses | (446,782) | (1,799,076) | |||
| Other noncurrent assets | 35,417 | 0 | |||
| Accounts payable | (1,362,866) | (1,901,345) | |||
| Accrued liabilities | (2,033,229) | (2,774,423) | |||
| Other noncurrent liabilities | (229,167) | 0 | |||
| Operating lease liability | (122,600) | (197,923) | |||
| Net cash provided by/(used in) operating activities | 4,429,861 | (6,673,464) | |||
| Cash flow from investing activities: | |||||
| Sale of ammunition business assets | 0 | 42,946,905 | |||
| Purchase of property and equipment | (669,333) | (889,800) | |||
| Net cash provided by/(used in) investing activities | (669,333) | 42,057,105 | |||
| Cash flow from financing activities: | |||||
| Principal payments on note payable - related party | (220,000) | 0 | |||
| Preferred stock dividends paid | (765,625) | (638,022) | |||
| Repurchase of common shares | (52,828) | (171,200) | |||
| Common stock repurchase plan | (2,040,500) | 0 | |||
| Cash paid for excise taxes related to repurchases of common stock | (7,599) | 0 | |||
| Net cash used in financing activities | (3,086,552) | (809,222) | |||
| Cash flow from discontinued operations | |||||
| Net cash used in operating activities of discontinued operations | 0 | (1,478,416) | |||
| Net cash provided by investing activities of discontinued operations | 0 | 40,013 | |||
| Net cash used in discontinued operations | 0 | (1,438,403) | |||
| Net increase in cash | 673,976 | 33,136,016 | |||
| Cash, beginning of period | 68,103,395 | 30,227,796 | |||
| Cash, end of period | 68,777,371 | 63,363,812 | |||
| Cash paid during the period for: | |||||
| Interest | 780,000 | 166,107 | |||
| Income taxes | |||||
| Non-cash investing and financing activities: | |||||
| Issuance of notes payable - related party in DE Litigation settlement | 0 | 51,000,000 | |||
| Discount on notes payable - related party in DE Litigation settlement | 0 | (28,891,590) | |||
| Warrant issued for legal settlement - related party in DE Litigation settlement | 0 | 7,094,926 | |||
| Dividends accumulated on preferred stock | 127,604 | 136,111 | |||
| Accrued excise taxes related to repurchases of common stock | $ 7,669 | $ 0 | |||
| |||||
Condensed Consolidated Balance Sheets - USD ($) |
Jun. 30, 2026 |
Mar. 31, 2026 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 68,777,371 | $ 68,103,395 |
| Accounts receivable, net of allowance for credit losses of $2,343,518 as of June 30, 2026 and $2,362,847 as of March 31, 2026 | 9,504,489 | 10,361,158 |
| Prepaid expenses and other current assets | 3,935,286 | 3,523,921 |
| Total Current Assets | 82,217,146 | 81,988,474 |
| Property and equipment, net | 6,903,818 | 6,927,868 |
| Other Assets: | ||
| Other noncurrent assets | 429,830 | 465,247 |
| Intangible assets, net | 83,869,482 | 86,890,053 |
| Goodwill | 90,870,094 | 90,870,094 |
| Right of use assets - operating leases | 283,638 | 342,034 |
| TOTAL ASSETS | 264,574,008 | 267,483,770 |
| Current Liabilities: | ||
| Accounts payable | 14,380,740 | 15,743,606 |
| Accrued liabilities | 2,215,790 | 4,241,349 |
| Current portion of operating lease liability | 511,438 | 515,579 |
| Total Current Liabilities | 17,342,268 | 20,720,534 |
| Long-term Liabilities: | ||
| Operating lease liability, net of current portion | 498,445 | 616,904 |
| Other noncurrent liabilities | 1,145,833 | |
| Total Liabilities | 28,619,029 | 32,528,667 |
| Contingencies (Note 14) | ||
| Shareholders' Equity: | ||
| Series A cumulative perpetual preferred stock 8.75%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of June 30, 2026 and March 31, 2026 | 1,400 | 1,400 |
| Common stock, $0.001 par value, 200,000,000 shares authorized; 119,479,220 and 119,346,452 shares issued and 116,015,388 and 116,902,624 shares outstanding at June 30, 2026 and March 31, 2026, respectively | 116,018 | 116,905 |
| Additional paid-in capital | 455,124,157 | 454,877,083 |
| Accumulated deficit | (207,645,232) | (210,453,668) |
| Treasury stock, at cost | (11,641,364) | (9,586,617) |
| Total Shareholders’ Equity | 235,954,979 | 234,955,103 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 264,574,008 | 267,483,770 |
| Other Intangible Assets [Member] | ||
| Other Assets: | ||
| Intangible assets, net | 83,869,482 | 86,890,053 |
| Related Party [Member] | ||
| Current Liabilities: | ||
| Notes payable - related parties, current maturities | 234,300 | |
| Long-term Liabilities: | ||
| Notes payable - related parties, net of debt discounts of $1,913,216 as of June 30, 2026 and $1,963,771 as of March 31, 2026 | $ 9,632,483 |