10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001445866-15-001359`
Period End Date	20150930
Filing Date	20151123
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	entk-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 74 Cash Flow Statement 65

Balance Sheet 63 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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$7.17K	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`	$13.00K	USD	Point-in-time
Cash	`Cash`	$923.00	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
Accounts receivable(net)	`AccountsReceivableNetCurrent`	$624.00	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$13.63K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.55K	USD	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$231.05K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.95K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Investment in Joint Venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Investment in Joint Venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	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`	$1.10M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.09M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	300,900.00	shares	Point-in-time
Goodwill	`Goodwill`	$256.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	300,890.00	shares	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.14M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.57M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.53K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$59.19K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.10K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$110.94K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$135.00K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$83.29K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$128.12K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$272.59K	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`	$272.59K	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	`PreferredStockValue`	$3.01K	USD	Point-in-time
Preferred Stock 10,000,000 shares authorized	`PreferredStockValue`	$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 September 30, 2015 and December 31, 2014.	`CommonStockValue`	$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 September 30, 2015 and December 31, 2014.	`CommonStockValue`	$22.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.89M	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`	-	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$1.27M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquity`	$865.99K	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY	`LiabilitiesAndStockholdersEquity`	$1.14M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$25.54K	USD	1 Quarter
REVENUES	`Revenues`	$59.40K	USD	3 Qtrs
REVENUES	`Revenues`	$40.90K	USD	3 Qtrs
REVENUES	`Revenues`	$19.10K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$29.44K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$55.08K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$23.18K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$18.45K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.33K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$654.00	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$11.45K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$2.35K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$262.22K	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$93.48K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$186.30K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$175.25K	USD	3 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-183.94K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-92.82K	USD	1 Quarter
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-170.92K	USD	3 Qtrs
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-250.76K	USD	3 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	3 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	$59.12K	USD	3 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$65.60K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$65.60K	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other gains(losses)	`OtherNonoperatingGainsLosses`	-	USD	1 Quarter
Other gains(losses)	`OtherNonoperatingGainsLosses`	-	USD	3 Qtrs
Other gains(losses)	`OtherNonoperatingGainsLosses`	$-85.82K	USD	3 Qtrs
Other gains(losses)	`OtherNonoperatingGainsLosses`	$-105.82K	USD	1 Quarter
Impairment charge	`AssetImpairmentCharges`	$1.24M	USD	Point-in-time
Impairment charge	`AssetImpairmentCharges`	$2.26M	USD	3 Qtrs
Impairment charge	`AssetImpairmentCharges`	$6.67M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$2.26M	USD	1 Quarter
Impairment charge	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charge	`AssetImpairmentCharges`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.36K	USD	3 Qtrs
Interest expense	`InterestExpense`	$104.73K	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.21K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-4.36K	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-3.20K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-2.30M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-2.33M	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-187.14K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.40M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-255.12K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-2.50M	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-255.12K	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-2.40M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-187.14K	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.12	USD	3 Qtrs
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.23	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.12	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12M	shares	3 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	22.79M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.14M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	21.61M	shares	3 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.94M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.84M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.92M	shares	3 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.66M	shares	3 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-2.50M	USD	3 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-255.12K	USD	3 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-2.40M	USD	1 Quarter
Net income (loss) from continuing operations	`ProfitLoss`	$-187.14K	USD	1 Quarter
Depreciation	`Depreciation`	$10.30K	USD	Annual
Depreciation	`Depreciation`	$12.22K	USD	3 Qtrs
Depreciation	`Depreciation`	$15.45K	USD	3 Qtrs
Compensation issued in stock	`ShareBasedCompensation`	$67.58K	USD	3 Qtrs
Compensation issued in stock	`ShareBasedCompensation`	-	USD	3 Qtrs
Impairment expense	`AssetImpairmentCharges`	$1.24M	USD	Point-in-time
Impairment expense	`AssetImpairmentCharges`	$2.26M	USD	3 Qtrs
Impairment expense	`AssetImpairmentCharges`	$6.67M	USD	Annual
Impairment expense	`AssetImpairmentCharges`	$2.26M	USD	1 Quarter
Impairment expense	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment expense	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	$69.91K	USD	3 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	3 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	$59.12K	USD	3 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	$40.51K	USD	3 Qtrs
Increase (decrease) in accounts receivable (neg}	`IncreaseDecreaseInAccountsReceivable`	$-23.62K	USD	3 Qtrs
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$194.02K	USD	3 Qtrs
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-56.75K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.69K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-111.74K	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
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	3 Qtrs
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	Annual
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	3 Qtrs
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$79.00K	USD	3 Qtrs
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$135.00K	USD	3 Qtrs
Additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	$68.14K	USD	3 Qtrs
Additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	$44.82K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$208.14K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$123.82K	USD	3 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$12.08K	USD	3 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$123.00	USD	3 Qtrs
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`	$13.00K	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`	$7.17K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$13.00K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$923.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Preferred stock series A & B stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	-	USD	3 Qtrs
Preferred stock series A & B stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	$8.02M	USD	3 Qtrs
Common stock issued for investment	`StockIssued1`	-	USD	3 Qtrs
Common stock issued for investment	`StockIssued1`	$2.20M	USD	3 Qtrs
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	$33.40K	USD	3 Qtrs
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	$62.57K	USD	3 Qtrs
Common stock issued for services	`StockIssued2`	$67.58K	USD	3 Qtrs
Common stock issued for services	`StockIssued2`	-	USD	3 Qtrs
Treasury stock issued for debt	`StockIssued3`	$45.32K	USD	3 Qtrs
Treasury stock issued for debt	`StockIssued3`	-	USD	3 Qtrs

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