10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001445866-16-002560`
Period End Date	20160630
Filing Date	20160822
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	entk-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 58 Cash Flow Statement 52

Balance Sheet 51 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`	$923.00	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`	$9.70K	USD	Point-in-time
Cash	`Cash`	$2.54K	USD	Point-in-time
Cash	`Cash`	$6.65K	USD	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`	22.79M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$7.27K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$10.33K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.47K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.77K	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
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$100.00K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.04K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$121.80K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$59.24K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$83.31K	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`	$110.94K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$172.94K	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`	$312.75K	USD	Point-in-time
TOTAL OTHER CURRENT LIABILITIES	`LiabilitiesCurrent`	$398.81K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$398.81K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$312.75K	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; and 22,787,964 shares issued and outstanding June 30, 2016 and December 31, 2015.	`CommonStockValue`	$22.79K	USD	Point-in-time
Common Stock 500,000,000 authorized at $0.001 par value; and 22,787,964 shares issued and outstanding June 30, 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`	$-25.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.94M	USD	Point-in-time
TOTAL EQUITY (DEFICIT)	`StockholdersEquity`	$-277.02K	USD	Point-in-time
TOTAL EQUITY (DEFICIT)	`StockholdersEquity`	$-183.71K	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$129.04K	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$121.80K	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$40.30K	USD	2 Qtrs
REVENUES	`Revenues`	$14.16K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$26.63K	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	-	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	-	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$1.94K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$12.22K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$13.68K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$54.14K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$93.25K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$48.58K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$91.77K	USD	2 Qtrs
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-41.92K	USD	1 Quarter
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-93.25K	USD	2 Qtrs
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-78.09K	USD	2 Qtrs
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-48.58K	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	$59.12K	USD	2 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	2 Qtrs
Gain on derivative liability	`DerivativeGainOnDerivative`	$1.11K	USD	1 Quarter
Gain on derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$59.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$21.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$101.53K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-42.41K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-59.00	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-20.50K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATING BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-48.58K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATING BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-62.42K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATING BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-93.31K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATING BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-120.50K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-62.42K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-93.31K	USD	2 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-120.50K	USD	2 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-48.58K	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic Income (Loss) Per Share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Income (Loss) Per Share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	22.79M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	22.79M	shares	2 Qtrs
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	22.79M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	21.01M	shares	2 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.79M	shares	2 Qtrs
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.19M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.79M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.41M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`ProfitLoss`	$-62.42K	USD	1 Quarter
Net income (loss) from continuing operations	`ProfitLoss`	$-93.31K	USD	2 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-120.50K	USD	2 Qtrs
Net income (loss) from continuing operations	`ProfitLoss`	$-48.58K	USD	1 Quarter
Depreciation	`Depreciation`	$5.11K	USD	Annual
Depreciation	`Depreciation`	$10.30K	USD	2 Qtrs
Depreciation	`Depreciation`	$10.30K	USD	2 Qtrs
Impairment expense	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairment expense	`AssetImpairmentCharges`	-	USD	2 Qtrs
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Gain on derivative liability	`DerivativeGainLossOnDerivativeNet`	$65.90K	USD	2 Qtrs
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	$40.51K	USD	2 Qtrs
Accretion debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-580.00	USD	2 Qtrs
Increase (decrease) in accounts payable/accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.06K	USD	2 Qtrs
Increase (decrease) in accounts payable/accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-61.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-64.22K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-58.94K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Issuance of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.00K	USD	Point-in-time
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$64.00K	USD	2 Qtrs
Issuance of notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$62.00K	USD	2 Qtrs
Net additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	$1.84K	USD	2 Qtrs
Net additional funding by related party notes	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$62.00K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$65.84K	USD	2 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$3.06K	USD	2 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$1.62K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	$923.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$9.70K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$2.54K	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`	$9.70K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$2.54K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$6.65K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued for investment	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for investment	`StockIssued1`	$2.20M	USD	2 Qtrs
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	$33.40K	USD	2 Qtrs
Common stock exchanged for debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs

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