10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001445866-14-000422`
Period End Date	20140331
Filing Date	20140502
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	bdlf-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 32 Cash Flow Statement 48

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	167.10M	shares	Point-in-time
Cash	`Cash`	$107.63K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	167.10M	shares	Point-in-time
Cash	`Cash`	$7.04K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	167.10M	shares	Point-in-time
Cash	`Cash`	$85.29K	USD	Point-in-time
Cash	`Cash`	$51.24K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	167.10M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	167.10M	shares	Point-in-time
Notes receivable current portion	`NotesAndLoansReceivableNetCurrent`	$135.00K	USD	Point-in-time
Notes receivable current portion	`NotesAndLoansReceivableNetCurrent`	$130.00K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$142.04K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$181.24K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes Receivable - net of current portion	`NotesAndLoansReceivableGrossNoncurrent`	$165.00K	USD	Point-in-time
Notes Receivable - net of current portion	`NotesAndLoansReceivableGrossNoncurrent`	$165.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$45.65K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$7.75M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$256.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$307.05K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.40M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.98K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.95K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$510.00	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	-	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$12.75K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$17.25K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$112.74K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$27.70K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$112.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$27.70K	USD	Point-in-time
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874 shares issued and outstanding March 31, 2014 and December 31, 2013.	`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 March 31, 2014 and December 31, 2013.	`CommonStockValueOutstanding`	$167.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.05M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$279.34K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$8.29M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$8.40M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$307.05K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	$10.38K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	-	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$8.68K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.69K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$16.03K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$29.78K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-28.09K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-16.03K	USD	1 Quarter
Realized Gain on Sale of Investment	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized Gain on Sale of Investment	`GainLossOnSaleOfInvestments`	$8.47K	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	$2.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$510.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.26K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$9.44K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-510.00	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-18.65K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-16.54K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-18.65K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-16.54K	USD	1 Quarter
Basic Income(Loss) Per Share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income(Loss) Per Share	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Income (Loss) Per Share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Income (Loss) Per Share	`EarningsPerShareDiluted`	-	USD	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.10M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	257.10M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-16.54K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-18.65K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.50K	USD	1 Quarter
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$80.03K	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$510.00	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$578.00	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.27K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-975.00	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$64.00K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-22.33K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$8.01M	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.65K	USD	1 Quarter
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-8.05M	USD	1 Quarter
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	1 Quarter
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$4.50K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Issuance of preferred stock series A	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Issuance of preferred stock series A	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$7.72M	USD	1 Quarter
Issuance of preferred stock series B	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$300.73K	USD	1 Quarter
Issuance of preferred stock series B	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.03M	USD	1 Quarter
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-22.33K	USD	1 Quarter
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$44.20K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`Cash`	$107.63K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$85.29K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$51.24K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$107.63K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$85.29K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$51.24K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$684.00	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Preferred stock series A & B stock issued in purchase of acquisition assets	`StockIssued1`	-	USD	1 Quarter
Preferred stock series A & B stock issued in purchase of acquisition assets	`StockIssued1`	$8.02M	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter

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