Simplify the following text for a Grade 10 native English-speaking person.
Original: It is obtained by neutralizing chloric acid with either ammonia or ammonium carbonate , or by precipitating barium , strontium or calcium chlorates with ammonium carbonate or ammonium sulfate , producing the respective carbonate or sulfate precipitate and an ammonium chlorate solution . Ammonium chlorate crystallizes in small needles , readily soluble in water .
Simplified: Ammonium chlorate is a chemical compound .