10-K Filing

Red Cat Holdings, Inc. CIK: 748268 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001445866-16-001922`
Period End Date	20151231
Filing Date	20160413
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	entk-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 36 Cash Flow Statement 53 Stockholders Equity 15

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$923.00	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, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$6.65K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable(net)	`AccountsReceivableNetCurrent`	$624.00	USD	Point-in-time
Accounts receivable(net)	`AccountsReceivableNetCurrent`	$624.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$7.27K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.55K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$231.05K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.77K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$100.00K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.09M	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
Goodwill	`Goodwill`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Goodwill	`Goodwill`	$256.00K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	300,900.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.57M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	300,800.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$129.04K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	300,800.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	300,900.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$59.24K	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`	$142.56K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$83.29K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$312.75K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$308.58K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$312.75K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$308.58K	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 December 31, 2015 and December 31, 2014.	`CommonStockValue`	$22.79K	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 December 31, 2015 and December 31, 2014.	`CommonStockValue`	$1.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.94M	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(DEFICIT)	`StockholdersEquity`	$279.34K	USD	Point-in-time
TOTAL EQUITY(DEFICIT)	`StockholdersEquity`	$1.27M	USD	Point-in-time
TOTAL EQUITY(DEFICIT)	`StockholdersEquity`	$-183.71K	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time
TOTAL LIABILITIES, AND EQUITY(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$129.04K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$42.09K	USD	Annual
REVENUES	`Revenues`	$59.40K	USD	Annual
COST OF SALES	`CostOfRevenue`	$49.77K	USD	Annual
COST OF SALES	`CostOfRevenue`	$20.08K	USD	Annual
GROSS PROFIT	`GrossProfit`	$9.63K	USD	Annual
GROSS PROFIT	`GrossProfit`	$22.01K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$417.00K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$248.67K	USD	Annual
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-394.99K	USD	Annual
NET INCOME(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-239.04K	USD	Annual
Gain on derivative liability	`DerivativeGainOnDerivative`	$59.12K	USD	Annual
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$65.60K	USD	Annual
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Other gains(losses)	`OtherNonoperatingGainsLosses`	-	USD	Annual
Other gains(losses)	`OtherNonoperatingGainsLosses`	$-67.32K	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$3.26M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$6.96M	USD	Annual
Interest expense	`InterestExpense`	$4.36K	USD	Annual
Interest expense	`InterestExpense`	$104.81K	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-6.97M	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-3.31M	USD	Annual
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-7.36M	USD	Annual
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.55M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`ProfitLoss`	$-7.36M	USD	Annual
NET INCOME (LOSS)	`ProfitLoss`	$-3.55M	USD	Annual
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-6.03	USD	Annual
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.16	USD	Annual
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-0.15	USD	Annual
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	$-2.03	USD	Annual
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	21.90M	shares	Annual
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	1.22M	shares	Annual
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.90M	shares	Annual
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.22M	shares	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-7.36M	USD	Annual
Net income (loss) from continuing operations	`ProfitLoss`	$-3.55M	USD	Annual
Depreciation	`Depreciation`	$20.60K	USD	Annual
Depreciation	`Depreciation`	$5.11K	USD	Annual
Compensation issued in stock	`ShareBasedCompensation`	$119.53K	USD	Annual
Compensation issued in stock	`ShareBasedCompensation`	-	USD	Annual
Impairment expense	`AssetImpairmentCharges`	$3.26M	USD	Annual
Impairment expense	`AssetImpairmentCharges`	$6.96M	USD	Annual
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	$-100.21K	USD	Annual
Gain on derivative liability	`DerivativeGainOnDerivative`	$59.12K	USD	Annual
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	Annual
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	$40.51K	USD	Annual
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$42.55K	USD	Annual
Increase (decrease) in accounts payable /accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.04K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-216.67K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-112.54K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	Annual
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	Annual
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	Point-in-time
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$79.00K	USD	Annual
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$135.00K	USD	Annual
Net additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	$70.54K	USD	Annual
Net additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	$39.27K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$118.27K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$210.54K	USD	Annual
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-6.12K	USD	Annual
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$5.72K	USD	Annual
CASH, BEGINNING OF PERIOD	`Cash`	$923.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$7.04K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$6.65K	USD	Point-in-time
CASH, END 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`	$6.65K	USD	Point-in-time
Interest paid	`InterestPaid`	$4.36K	USD	Annual
Interest paid	`InterestPaid`	$3.29K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Preferred stock series A & B stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	-	USD	Annual
Preferred stock series A & B stock issued in purchase of acquisition assets	`FairValueOfAssetsAcquired`	$8.02M	USD	Annual
Common stock issued for investment	`StockIssued1`	-	USD	Annual
Common stock issued for investment	`StockIssued1`	$2.02M	USD	Annual
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	$33.40K	USD	Annual
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	$74.16K	USD	Annual
Common stock issued for services	`StockIssued2`	$67.69K	USD	Annual
Common stock issued for services	`StockIssued2`	-	USD	Annual
Treasury stock issued for debt	`StockIssued3`	$45.32K	USD	Annual
Treasury stock issued for debt	`StockIssued3`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity, beginning of period, Value	`StockholdersEquity`	$279.34K	USD	Point-in-time
Stockholders' Equity, beginning of period, Value	`StockholdersEquity`	$1.27M	USD	Point-in-time
Stockholders' Equity, beginning of period, Value	`StockholdersEquity`	$-183.71K	USD	Point-in-time
Preferred stock issued for acquisitions, Value	`StockIssuedDuringPeriodValueAcquisitions`	$8.20M	USD	Annual
Acquisition of treasury stock, Value	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Stock issued as Compensation, Value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$67.63K	USD	Annual
Stock issued for debt, Value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$78.72K	USD	Annual
Stock issued for debt, Value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$74.16K	USD	Annual
Net income (loss)	`ProfitLoss`	$-7.36M	USD	Annual
Net income (loss)	`ProfitLoss`	$-3.55M	USD	Annual
Conversion of Preferred, Value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Stock issued in Joint Venture, Value	`StockIssuedDuringPeriodValueOther`	$2.02M	USD	Annual
Stockholders' Equity, end of period, Value	`StockholdersEquity`	$279.34K	USD	Point-in-time
Stockholders' Equity, end of period, Value	`StockholdersEquity`	$1.27M	USD	Point-in-time
Stockholders' Equity, end of period, Value	`StockholdersEquity`	$-183.71K	USD	Point-in-time

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