10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001445866-15-000516`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	entk-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 30 Cash Flow Statement 54

Balance Sheet 65 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`	$7.04K	USD	Point-in-time
Cash	`Cash`	$51.24K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$6.37K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash	`Cash`	$923.00	USD	Point-in-time
Accounts receivable (net)	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	Point-in-time
Accounts receivable (net)	`AccountsReceivableNetCurrent`	$624.00	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$6.37K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.55K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$225.90K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$231.05K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Investment in Joint Venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.20M	USD	Point-in-time
Investment in Joint Venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	300,900.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	300,890.00	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.09M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.09M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	300,890.00	shares	Point-in-time
Goodwill	`Goodwill`	$256.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	300,900.00	shares	Point-in-time
Goodwill	`Goodwill`	$256.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.57M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.33K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$59.19K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.10K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$67.02K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$135.00K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$153.89K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$85.69K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$83.29K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$332.93K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$308.58K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$308.58K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$332.93K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock 10,000,000 shares authorized	`PreferredStockValueOutstanding`	$3.01K	USD	Point-in-time
Preferred Stock 10,000,000 shares authorized	`PreferredStockValueOutstanding`	$3.01K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; 22,787,964 and 1,508,367 shares issued and outstanding March 31, 2015 and December 31, 2014.	`CommonStockValueOutstanding`	$1.51K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; 22,787,964 and 1,508,367 shares issued and outstanding March 31, 2015 and December 31, 2014.	`CommonStockValueOutstanding`	$22.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.39M	USD	Point-in-time
Less Treasury stock at cost (137,335 shares at $0.33)	`TreasuryStockValue`	$45.32K	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`	$3.44M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$1.27M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.77M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	$26.14K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$24.68K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.46K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$37.63K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$16.03K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-16.03K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-36.18K	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	$58.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$510.00	USD	1 Quarter
Interest expense	`InterestExpense`	$79.91K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-510.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-21.90K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-16.54K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-58.08K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-16.54K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-58.08K	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.11M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	19.24M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.64M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.71M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-16.54K	USD	1 Quarter
Net income (loss) from continuing operations	`ProfitLoss`	$-58.08K	USD	1 Quarter
Depreciation	`Depreciation`	$5.15K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$20.60K	USD	Annual
Loss on derivative liability	`DerivativeLossOnDerivative`	-	USD	1 Quarter
Loss on derivative liability	`DerivativeLossOnDerivative`	$-67.02K	USD	1 Quarter
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	$18.89K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-624.00	USD	1 Quarter
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$80.03K	USD	1 Quarter
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-30.55K	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$510.00	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.05K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$64.00K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$8.01M	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.65K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-8.05M	USD	1 Quarter
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	Annual
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	1 Quarter
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$4.50K	USD	1 Quarter
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$2.40K	USD	1 Quarter
Issuance of preferred stock Series A	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$7.80M	USD	1 Quarter
Issuance of preferred stock Series A	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Issuance of preferred stock Series B	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$227.73K	USD	1 Quarter
Issuance of preferred stock Series B	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.03M	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$2.40K	USD	1 Quarter
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$44.20K	USD	1 Quarter
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$5.45K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$51.24K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$6.37K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$923.00	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$51.24K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$6.37K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$923.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	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	`FairValueOfAssetsAcquired`	$8.02M	USD	1 Quarter
Preferred stock series A & B stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	-	USD	1 Quarter
Common stock issued for investment	`StockIssued1`	-	USD	1 Quarter
Common stock issued for investment	`StockIssued1`	$2.20M	USD	1 Quarter
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	$33.40K	USD	1 Quarter

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