10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001445866-13-001223`
Period End Date	20130930
Filing Date	20131112
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	bdlf-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 63 Cash Flow Statement 43

Balance Sheet 34 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$107.63K	USD	Point-in-time
Cash	`Cash`	$22.96K	USD	Point-in-time
Inventory	`InventoryNet`	$24.98K	USD	Point-in-time
Inventory	`InventoryNet`	$37.90K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.41K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.68K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$151.21K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$51.35K	USD	Point-in-time
FIXED ASSETS, NET	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
FIXED ASSETS, NET	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$151.21K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$51.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$55.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$24.35K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$16.49K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$18.22K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$30.38K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$40.66K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$83.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$102.54K	USD	Point-in-time
LONG-TERM DEBT - Notes payable - long term	`LongTermNotesPayable`	$19.72K	USD	Point-in-time
LONG-TERM DEBT - Notes payable - long term	`LongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$102.95K	USD	Point-in-time
Total Liabilities	`Liabilities`	$102.54K	USD	Point-in-time
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$167.10K	USD	Point-in-time
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$167.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.36M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-51.60K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$48.67K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$151.21K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$51.35K	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$21.60K	USD	3 Qtrs
SALES	`SalesRevenueNet`	$13.15K	USD	1 Quarter
SALES	`SalesRevenueNet`	$45.51K	USD	3 Qtrs
SALES	`SalesRevenueNet`	$22.84K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$12.71K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$17.32K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$31.53K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$18.23K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$13.97K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$4.61K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$434.00	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.28K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$35.35K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$67.90K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$140.77K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$113.76K	USD	3 Qtrs
Total Expenses	`SellingGeneralAndAdministrativeExpense`	$67.90K	USD	1 Quarter
Total Expenses	`SellingGeneralAndAdministrativeExpense`	$113.76K	USD	3 Qtrs
Total Expenses	`SellingGeneralAndAdministrativeExpense`	$35.35K	USD	1 Quarter
Total Expenses	`SellingGeneralAndAdministrativeExpense`	$140.77K	USD	3 Qtrs
NET INVESTMENT INCOME(LOSS)	`InvestmentIncomeNet`	$-136.49K	USD	3 Qtrs
NET INVESTMENT INCOME(LOSS)	`InvestmentIncomeNet`	$-34.92K	USD	1 Quarter
NET INVESTMENT INCOME(LOSS)	`InvestmentIncomeNet`	$-63.30K	USD	1 Quarter
NET INVESTMENT INCOME(LOSS)	`InvestmentIncomeNet`	$-99.79K	USD	3 Qtrs
Other Income(Expense)	`OtherIncome`	$927.32K	USD	3 Qtrs
Other Income(Expense)	`OtherIncome`	$-6.23K	USD	1 Quarter
Other Income(Expense)	`OtherIncome`	-	USD	1 Quarter
Other Income(Expense)	`OtherIncome`	$2.24K	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Debt Forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$138.30K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.30K	USD	1 Quarter
Interest expense	`InterestExpense`	$578.00	USD	1 Quarter
Interest expense	`InterestExpense`	$2.42K	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.47K	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$1.06M	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-6.81K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-1.30K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-182.00	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-99.97K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-70.11K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$920.67K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-36.22K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-70.11K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$920.67K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$851.93K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$851.93K	USD	Point-in-time
NET INCOME (LOSS)	`NetIncomeLoss`	$-99.97K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-99.97K	USD	Point-in-time
NET INCOME (LOSS)	`NetIncomeLoss`	$-36.22K	USD	1 Quarter
Basic Income (Loss) Per Share	`EarningsPerShareBasic`	$-0.00	USD	3 Qtrs
Basic Income (Loss) Per Share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	162.06M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-99.97K	USD	3 Qtrs
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$920.67K	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.00K	USD	3 Qtrs
Gain on sale of investment	`GainOnSaleOfInvestments`	$927.32K	USD	3 Qtrs
Forgiveness of debt	`Stockissuedduringperiodvalueforgivenessofdebt`	-	USD	3 Qtrs
Forgiveness of debt	`Stockissuedduringperiodvalueforgivenessofdebt`	$138.30K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$114.00	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.27K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-12.92K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$67.83K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.62K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.99K	USD	3 Qtrs
Increase (decrease) in Accrued Interest	`IncreaseDecreaseInInterestPayableNet`	$-1.73K	USD	3 Qtrs
Increase (decrease) in Accrued Interest	`IncreaseDecreaseInInterestPayableNet`	$-6.01K	USD	3 Qtrs
Increase (decrease) in Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$46.48K	USD	3 Qtrs
Increase (decrease) in Judgments Payable	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-114.66K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-232.37K	USD	3 Qtrs
Sale of investments	`ProceedsFromSaleOfOtherInvestments`	$952.35K	USD	3 Qtrs
Net Cash Provided (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$952.35K	USD	3 Qtrs
Proceeds from related party notes payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	3 Qtrs
Proceeds from related party notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$30.00K	USD	3 Qtrs
Payments on notes	`RepaymentsOfNotesPayable`	$587.43K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-587.43K	USD	3 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$132.55K	USD	3 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-84.66K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$144.51K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$107.63K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.96K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$22.96K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$144.51K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$107.63K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.96K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$22.96K	USD	Point-in-time
Interest paid	`InterestPaid`	$2.46K	USD	3 Qtrs
Interest paid	`InterestPaid`	$684.00	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued in conversion of debts and interest	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	3 Qtrs
Common stock issued in conversion of debts and interest	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$180.69K	USD	3 Qtrs
Common stock issued for settlements	`StockIssued1`	$19.26K	USD	3 Qtrs
Common stock issued for settlements	`StockIssued1`	-	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.