10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001445866-14-001382`
Period End Date	20140930
Filing Date	20141107
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	bdlf-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 68 Cash Flow Statement 59

Balance Sheet 57 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
Cash	`Cash`	$107.63K	USD	Point-in-time
Cash	`Cash`	$7.04K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$7.17K	USD	Point-in-time
Cash	`Cash`	$22.96K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.11M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accounts receivable(net)	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable(net)	`AccountsReceivableNetCurrent`	$23.62K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.11M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Notes receivable current portion	`NotesAndLoansReceivableNetCurrent`	$130.00K	USD	Point-in-time
Notes receivable current portion	`NotesAndLoansReceivableNetCurrent`	$135.00K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.11M	shares	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$160.79K	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$236.20K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$7.75M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$256.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.57M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$307.05K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.95K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$57.91K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.47K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$135.00K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$12.75K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$80.89K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$318.27K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$27.70K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$27.70K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$318.27K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; 1,509,629 and 1,113,986 shares issued and outstanding September 30, 2014 and December 31, 2013.	`CommonStockValueOutstanding`	$1.11K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; 1,509,629 and 1,113,986 shares issued and outstanding September 30, 2014 and December 31, 2013.	`CommonStockValueOutstanding`	$1.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.28M	USD	Point-in-time
Less Treasury stock at cost (137,335 shares at $0.33)	`TreasuryStockValue`	-	USD	Point-in-time
Less Treasury stock at cost (137,335 shares at $0.33)	`TreasuryStockValue`	$45.32K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$279.34K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$8.25M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$8.57M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$307.05K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$40.90K	USD	3 Qtrs
REVENUES	`Revenues`	$25.54K	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$291.66K	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$8.86K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$209.48K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$22.64K	USD	3 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-22.64K	USD	3 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-8.86K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-250.76K	USD	3 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-183.94K	USD	1 Quarter
Other Income	`OtherIncome`	$2.24K	USD	3 Qtrs
Other Income	`OtherIncome`	-	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	3 Qtrs
Other Income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.26K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.36K	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.42K	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-3.20K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-182.00	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-1.26K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-4.36K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-22.82K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-255.12K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-10.12K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-187.14K	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
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-10.12K	USD	1 Quarter
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-255.12K	USD	3 Qtrs
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-22.82K	USD	3 Qtrs
INCOME(LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-187.14K	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-76.97K	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-53.57K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-99.79K	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-255.12K	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-187.14K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-63.69K	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.23	USD	3 Qtrs
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.09	USD	3 Qtrs
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.09	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.07	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.23	USD	3 Qtrs
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.16	USD	1 Quarter
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	1 Quarter
Basic Income (Loss) Per Share basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.02	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.05	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.01	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.02	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.07	USD	3 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.14M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.11M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12M	shares	3 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.11M	shares	3 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.11M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.11M	shares	3 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.94M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.92M	shares	3 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-99.79K	USD	3 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-255.12K	USD	3 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-187.14K	USD	1 Quarter
Net income (loss) from continuing operations	`ProfitLoss`	$-63.69K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$15.45K	USD	1 Quarter
Depreciation	`Depreciation`	$15.45K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	Annual
Common stock issued as compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Common stock issued as compensation	`ShareBasedCompensation`	$67.58K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.62K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	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`	-	USD	3 Qtrs
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.80K	USD	3 Qtrs
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$149.56K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.73K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$44.47K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-114.66K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.69K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$206.33K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-206.33K	USD	3 Qtrs
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	1 Quarter
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	3 Qtrs
Payments on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$135.00K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from notes payable related party	`ProceedsFromRelatedPartyDebt`	$68.14K	USD	3 Qtrs
Proceeds from notes payable related party	`ProceedsFromRelatedPartyDebt`	$30.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$208.14K	USD	3 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-84.66K	USD	3 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$123.00	USD	3 Qtrs
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`	$7.17K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$22.96K	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`	$7.17K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$22.96K	USD	Point-in-time
Interest paid	`InterestPaid`	$684.00	USD	3 Qtrs
Interest paid	`InterestPaid`	$3.84K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Preferred stock series B & C stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	$8.02M	USD	3 Qtrs
Preferred stock series B & C stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	-	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$67.58K	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Common stock exchanged for debt	`NotesAssumed1`	$62.57K	USD	3 Qtrs
Common stock exchanged for debt	`NotesAssumed1`	-	USD	3 Qtrs
Treasury stock issued for debt	`StockIssued1`	-	USD	3 Qtrs
Treasury stock issued for debt	`StockIssued1`	$45.32K	USD	3 Qtrs

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