10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001445866-16-002189`
Period End Date	20160331
Filing Date	20160523
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	entk-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 22 Cash Flow Statement 50

Balance Sheet 53 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`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash	`Cash`	$6.37K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$923.00	USD	Point-in-time
Cash	`Cash`	$1.43K	USD	Point-in-time
Cash	`Cash`	$6.65K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	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
Accounts receivable (net)	`AccountsReceivableNetCurrent`	$624.00	USD	Point-in-time
Accounts receivable (net)	`AccountsReceivableNetCurrent`	$624.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$2.05K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$7.27K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.77K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$16.62K	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
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$100.00K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$100.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$118.67K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$59.24K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$61.60K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$142.94K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$110.94K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$142.56K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$142.56K	USD	Point-in-time
TOTAL OTHER CURRENT LIABILITIES	`LiabilitiesCurrent`	$347.11K	USD	Point-in-time
TOTAL OTHER CURRENT LIABILITIES	`LiabilitiesCurrent`	$312.75K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$312.75K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$347.11K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock 10,000,000 authorized	`PreferredStockValue`	$3.01K	USD	Point-in-time
Preferred Stock 10,000,000 authorized	`PreferredStockValue`	$3.01K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; 22,787,964 shares issued and outstanding March 31, 2016 and December 31, 2015.	`CommonStockValue`	$22.79K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; 22,787,964 shares issued and outstanding March 31, 2016 and December 31, 2015.	`CommonStockValue`	$22.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.98M	USD	Point-in-time
TOTAL EQUITY (DEFICIT)	`StockholdersEquity`	$-183.71K	USD	Point-in-time
TOTAL EQUITY (DEFICIT)	`StockholdersEquity`	$-228.43K	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$129.04K	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$118.67K	USD	Point-in-time

Income Statement 22 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`	$1.46K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$37.63K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$44.67K	USD	1 Quarter
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-36.18K	USD	1 Quarter
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-44.67K	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	$58.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$59.00	USD	1 Quarter
Interest expense	`InterestExpense`	$79.91K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-59.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-21.90K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATING BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-44.73K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATING 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`	$-44.73K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-58.08K	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-44.73K	USD	1 Quarter
Net income (loss) from continuing operations	`ProfitLoss`	$-58.08K	USD	1 Quarter
Depreciation	`Depreciation`	$5.15K	USD	1 Quarter
Depreciation	`Depreciation`	$5.11K	USD	Annual
Depreciation	`Depreciation`	$5.15K	USD	1 Quarter
Impairment expense	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment expense	`AssetImpairmentCharges`	-	USD	1 Quarter
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on derivative liability	`DerivativeGainLossOnDerivativeNet`	$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`	$2.36K	USD	1 Quarter
Increase (decrease) in accounts payable/accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-30.55K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.05K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-37.22K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	Point-in-time
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$2.40K	USD	1 Quarter
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$32.00K	USD	1 Quarter
Net additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Net additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$32.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$2.40K	USD	1 Quarter
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$5.45K	USD	1 Quarter
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-5.22K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`Cash`	$6.37K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$923.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$1.43K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$6.65K	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
CASH, END OF PERIOD	`Cash`	$1.43K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$6.65K	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
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.