10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001445866-14-000925`
Period End Date	20140630
Filing Date	20140806
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	bdlf-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 72 Cash Flow Statement 58

Balance Sheet 55 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`	$65.48K	USD	Point-in-time
Cash	`Cash`	$13.63K	USD	Point-in-time
Cash	`Cash`	$7.04K	USD	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
Accounts receivable(net)	`AccountsReceivableNetCurrent`	$37.37K	USD	Point-in-time
Accounts receivable(net)	`AccountsReceivableNetCurrent`	-	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
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable current portion	`NotesAndLoansReceivableNetCurrent`	$135.00K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable current portion	`NotesAndLoansReceivableNetCurrent`	$130.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$181.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$142.04K	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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$195.70K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$8.01M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.55M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$307.05K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$137.57K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.95K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.02K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	-	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$23.15K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	-	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$17.25K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$12.75K	USD	Point-in-time
Notes payable - convertible	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Notes payable - convertible	`ConvertibleNotesPayableCurrent`	$135.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$27.70K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$313.99K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$313.99K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$27.70K	USD	Point-in-time
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874shares issued and outstanding June 30, 2014 and December 31, 2013.	`CommonStockValueOutstanding`	$167.10K	USD	Point-in-time
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874shares issued and outstanding June 30, 2014 and December 31, 2013.	`CommonStockValueOutstanding`	$167.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.10M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$8.23M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$279.34K	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$8.55M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$307.05K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	$15.36K	USD	1 Quarter
REVENUES	`Revenues`	$15.36K	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$82.18K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$51.93K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$13.78K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$4.45K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-36.58K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-66.82K	USD	2 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-13.78K	USD	2 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-4.45K	USD	1 Quarter
Realized Gain on Sale of Investment	`GainLossOnSaleOfInvestments`	-	USD	2 Qtrs
Realized Gain on Sale of Investment	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized Gain on Sale of Investment	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized Gain on Sale of Investment	`GainLossOnSaleOfInvestments`	$8.47K	USD	2 Qtrs
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	2 Qtrs
Other Income	`OtherIncome`	$2.24K	USD	2 Qtrs
Other Income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.16K	USD	2 Qtrs
Interest expense	`InterestExpense`	$649.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.16K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-649.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$9.55K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-1.16K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-37.23K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-4.45K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-67.98K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-4.23K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-37.23K	USD	1 Quarter
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-4.23K	USD	2 Qtrs
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-4.45K	USD	1 Quarter
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-67.98K	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-23.40K	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-4.53K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-27.63K	USD	2 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-67.98K	USD	2 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-8.98K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-37.23K	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.00	USD	2 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	2 Qtrs
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.00	USD	2 Qtrs
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	2 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	2 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	167.10M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	257.37M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.10M	shares	2 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.10M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	257.37M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-27.63K	USD	2 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-67.98K	USD	2 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-8.98K	USD	1 Quarter
Net income (loss) from continuing operations	`ProfitLoss`	$-37.23K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	Annual
Depreciation	`Depreciation`	$10.30K	USD	1 Quarter
Depreciation	`Depreciation`	$10.30K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.91K	USD	2 Qtrs
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$122.62K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.02K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.16K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$23.15K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.37K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.27K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-975.00	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-42.14K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$51.74K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$8.01M	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$206.00K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-8.21M	USD	2 Qtrs
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$139.50K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from notes payable related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from notes payable related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Issuance of preferred stock Series A	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$7.80M	USD	2 Qtrs
Issuance of preferred stock Series A	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	2 Qtrs
Issuance of preferred stock Series B	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Issuance of preferred stock Series B	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$227.73K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.17M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-42.14K	USD	2 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$6.58K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$65.48K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$13.63K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$107.63K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$65.48K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$13.63K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$107.63K	USD	Point-in-time
Interest paid	`InterestPaid`	$684.00	USD	2 Qtrs
Interest paid	`InterestPaid`	$649.00	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Preferred stock series B and C stock issued in purchase of acquisition assets	`StockIssued1`	$8.02M	USD	2 Qtrs
Preferred stock series B and C stock issued in purchase of acquisition assets	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs

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