10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001554757-12-000037`
Period End Date	20120630
Filing Date	20120806
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	bdlf-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 26 Income Statement 68 Cash Flow Statement 48

Balance Sheet 26 line items

Line Item	Tag	Value	Unit	Period
Common Stock Shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock Shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Shares issued and outstanding 6/30/2011	`CommonStockSharesIssuedAndOutstanding6302011`	$167.10M	USD	Point-in-time
Cash	`Cash`	$11.96K	USD	Point-in-time
Common Stock shares issued and outstanding12/31/2010	`CommonStockSharesIssuedAndOutstanding12312010`	$144.42M	USD	Point-in-time
Accounts Receivable (Note 2)	`AccountsReceivableNet`	-	USD	Point-in-time
Inventory (Note 2)	`InventoryNet`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.96K	USD	Point-in-time
FIXED ASSETS, NET (Note2, 5)	`AssetsNet`	-	USD	Point-in-time
OTHER ASSETS - Investments in limited partnerships - (Note 2,4,8,9)	`OtherAssetsInvestmentsInLimitedPartnershipsNote`	$24.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$36.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.06K	USD	Point-in-time
Accrued expenses	`AccruedLiabilities`	$116.23K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$212.95K	USD	Point-in-time
Judgments payable	`JudgmentsPayable`	$39.37K	USD	Point-in-time
Notes payable - current portion (Note 7)	`NotesPayableCurrent`	$660.80K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Common Stock 250,000,000 authorized at $0.001 par value;	`CommonStockValue`	$144.42K	USD	Point-in-time
shares issued and outstanding 6/30/2011 167,097,874	`CommonStockSharesIssued`	0.00	shares	Point-in-time
shares issued and outstanding12/31/2010 144,419,925	`SharesIssuedAndOutstanding`	-	USD	Point-in-time
Total Common Shares issued and outstanding, respectively	`CommonStockValue`	$144.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.92M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.11M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-1.05M	USD	Point-in-time
TOTAL LIABILITIES, AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$36.92K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$7.82K	USD	1 Quarter
REVENUES	`Revenues`	$1.90K	USD	1 Quarter
REVENUES	`Revenues`	$3.80K	USD	2 Qtrs
REVENUES	`Revenues`	$8.45K	USD	2 Qtrs
COST OF SALES	`CostsAndExpenses`	$4.61K	USD	1 Quarter
COST OF SALES	`CostsAndExpenses`	-	USD	1 Quarter
COST OF SALES	`CostsAndExpenses`	-	USD	2 Qtrs
COST OF SALES	`CostsAndExpenses`	$4.61K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$3.22K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.85K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.90K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.80K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.68K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.06K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.11K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$105.42K	USD	2 Qtrs
Depreciation (Note 5)	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation (Note 5)	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation (Note 5)	`DepreciationAndAmortization`	-	USD	2 Qtrs
Depreciation (Note 5)	`DepreciationAndAmortization`	-	USD	2 Qtrs
Total Other Expenses	`OtherExpenses`	$43.06K	USD	1 Quarter
Total Other Expenses	`OtherExpenses`	$105.42K	USD	2 Qtrs
Total Other Expenses	`OtherExpenses`	$9.68K	USD	1 Quarter
Total Other Expenses	`OtherExpenses`	$29.11K	USD	2 Qtrs
NET INVESTMENT INCOME(LOSS)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.31K	USD	2 Qtrs
NET INVESTMENT INCOME(LOSS)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-39.85K	USD	1 Quarter
NET INVESTMENT INCOME(LOSS)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.78K	USD	1 Quarter
NET INVESTMENT INCOME(LOSS)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-101.57K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$17.00	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$1.00	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	-	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	-	USD	2 Qtrs
Realized Gain on Sale of Investment	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Realized Gain on Sale of Investment	`RealizedInvestmentGainsLosses`	-	USD	2 Qtrs
Realized Gain on Sale of Investment	`RealizedInvestmentGainsLosses`	$927.32K	USD	2 Qtrs
Realized Gain on Sale of Investment	`RealizedInvestmentGainsLosses`	-	USD	1 Quarter
Debt Forgiveness	`DebtInstrumentDecreaseForgiveness`	$138.30K	USD	2 Qtrs
Debt Forgiveness	`DebtInstrumentDecreaseForgiveness`	-	USD	1 Quarter
Debt Forgiveness	`DebtInstrumentDecreaseForgiveness`	$65.14K	USD	1 Quarter
Debt Forgiveness	`DebtInstrumentDecreaseForgiveness`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$-2.31K	USD	1 Quarter
Interest expense	`InterestExpense`	$-19.29K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-9.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$-7.17K	USD	2 Qtrs
Total Other Income (Expense)	`OtherIncomeExpense`	$1.06M	USD	2 Qtrs
Total Other Income (Expense)	`OtherIncomeExpense`	$62.83K	USD	1 Quarter
Total Other Income (Expense)	`OtherIncomeExpense`	$-9.64K	USD	1 Quarter
Total Other Income (Expense)	`OtherIncomeExpense`	$-19.27K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperations`	$-44.58K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperations`	$956.89K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperations`	$-17.42K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERARION BEFORE INCOME TAXES	`IncomeLossFromContinuingOperations`	$22.98K	USD	1 Quarter
Income taxes (Note 2)	`IncomeTaxesNote2`	-	USD	1 Quarter
Income taxes (Note 2)	`IncomeTaxesNote2`	-	USD	2 Qtrs
Income taxes (Note 2)	`IncomeTaxesNote2`	-	USD	1 Quarter
Income taxes (Note 2)	`IncomeTaxesNote2`	-	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$22.98K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-17.42K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$956.89K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-44.58K	USD	2 Qtrs
Basic Income (Loss) Per Share (Note 2)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic Income (Loss) Per Share (Note 2)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share (Note 2)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Share (Note 2)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	144.42M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	159.54M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	143.75M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	167.10M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`OperatingIncomeLoss`	$956.89K	USD	2 Qtrs
Net income (loss) from continuing operations	`OperatingIncomeLoss`	$-44.58K	USD	2 Qtrs
Common stock issued for services	`CommonStockDividendsShares`	7,000.00	shares	2 Qtrs
Common stock issued for services	`CommonStockDividendsShares`	10,000.00	shares	2 Qtrs
Gain on sale of investment	`GainOnSaleOfInvestments`	$-927.32K	USD	2 Qtrs
Forgiveness of debt	`ForgivenessOfDebt`	$-138.30K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-1.13K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	-	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-33.84K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseAccountsPayable`	-	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseAccountsPayable`	$12.33K	USD	2 Qtrs
Increase (decrease) in Accrued Interest	`IncreaseDecreaseInAccruedInterest`	$5.43K	USD	2 Qtrs
Increase (decrease) in Accrued Interest	`IncreaseDecreaseInAccruedInterest`	$19.29K	USD	2 Qtrs
Increase (decrease) in Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.38K	USD	2 Qtrs
Increase (decrease) in Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-41.90K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.67K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-160.84K	USD	2 Qtrs
Proceeds from sale of investment	`ProceedsFromSaleOfOtherInvestments`	$952.35K	USD	2 Qtrs
Proceeds from sale of investment	`ProceedsFromSaleOfOtherInvestments`	-	USD	2 Qtrs
Net Cash Provided (Used) in Investing Activities	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	2 Qtrs
Net Cash Provided (Used) in Investing Activities	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	$952.35K	USD	2 Qtrs
Payments on Notes Payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Payments on Notes Payable	`RepaymentsOfNotesPayable`	$-587.43K	USD	2 Qtrs
Reclassification of Note Payable	`ReclassificationOfNotePayable`	-	USD	2 Qtrs
Reclassification of Note Payable	`ReclassificationOfNotePayable`	$20.00K	USD	2 Qtrs
Net Proceeds from borrowings	`NetProceedsFromBorrowings`	-	USD	2 Qtrs
Net Proceeds from borrowings	`NetProceedsFromBorrowings`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-587.43K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$20.00K	USD	2 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-24.67K	USD	2 Qtrs
NET DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$204.08K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`CashBeginningOfPeriod`	$41.48K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`CashBeginningOfPeriod`	$11.96K	USD	2 Qtrs
CASH, END OF PERIOD	`CashEndOfPeriod`	$16.81K	USD	2 Qtrs
CASH, END OF PERIOD	`CashEndOfPeriod`	$216.04K	USD	2 Qtrs
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 in conversion of debts and accrued interest	`CommonStockIssuedInConversionOfDebtsAndAccruedInterest`	-	USD	2 Qtrs
Common stock issued in conversion of debts and accrued interest	`CommonStockIssuedInConversionOfDebtsAndAccruedInterest`	$180.96K	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueOther`	$10.00K	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueOther`	$7.00K	USD	2 Qtrs
Foregiveness of debts included as income	`ForegivenessOfDebtsIncludedAsIncome`	$138.30K	USD	2 Qtrs
Foregiveness of debts included as income	`ForegivenessOfDebtsIncludedAsIncome`	-	USD	2 Qtrs
Common stock issued for judgement settlements	`CommonStockIssuedForJudgementSettlements`	$19.26K	USD	2 Qtrs
Common stock issued for judgement settlements	`CommonStockIssuedForJudgementSettlements`	-	USD	2 Qtrs

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