10-QT Filing

Red Cat Holdings, Inc. CIK: 748268 Q2 2019

Filing Information

Form Type	10-QT
Accession Number	`0001554795-19-000269`
Period End Date	20190630
Filing Date	20190819
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	tfvr-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 42 Stockholders Equity 20

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$211.05K	USD	Point-in-time
Cash	`Cash`	$389.66K	USD	Point-in-time
Cash	`Cash`	$522.10K	USD	Point-in-time
Cash	`Cash`	$-11.00	USD	Point-in-time
Cryptocurrencies	`OtherInvestments`	-	USD	Point-in-time
Cryptocurrencies	`OtherInvestments`	$8.16K	USD	Point-in-time
Miscellaneous receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Miscellaneous receivable	`AccountsAndOtherReceivablesNetCurrent`	$22.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$89.47K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$211.05K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$509.80K	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 and equipment, net	`PropertyPlantAndEquipmentNet`	-	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.65K	USD	Point-in-time
Goodwill	`Goodwill`	$12.86K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	6.38M	shares	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$211.05K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$598.31K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	6.38M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Common stock, shares issued	`CommonStockSharesIssued`	215.15M	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	471.46M	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	471.46M	shares	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$6.94K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	215.15M	shares	Point-in-time
Accrued Expense	`AccruedLiabilitiesCurrent`	$34.84K	USD	Point-in-time
Accrued Expense	`AccruedLiabilitiesCurrent`	$68.63K	USD	Point-in-time
Capital to be returned	`OtherLiabilitiesCurrent`	$2.27K	USD	Point-in-time
Capital to be returned	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$104.98K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$68.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$104.98K	USD	Point-in-time
Total Liabilities	`Liabilities`	$68.63K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A Preferred Stock - shares authorized 10,000,000; outstanding 2,169,068 and 0; Series B Preferred Stock - shares authorized 10,000,000; outstanding 4,212,645 and 0	`PreferredStockValue`	$63.82K	USD	Point-in-time
Series A Preferred Stock - shares authorized 10,000,000; outstanding 2,169,068 and 0; Series B Preferred Stock - shares authorized 10,000,000; outstanding 4,212,645 and 0	`PreferredStockValue`	-	USD	Point-in-time
Common stock - shares authorized 500,000,000; outstanding 471,460,470 and 215,150,947	`CommonStockValue`	$471.46K	USD	Point-in-time
Common stock - shares authorized 500,000,000; outstanding 471,460,470 and 215,150,947	`CommonStockValue`	$215.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$569.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-642.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$142.43K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$493.33K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-4.42K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$516.80K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$211.05K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$598.31K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Total Revenue	`GrossProfit`	-	USD	2 Qtrs
Total Revenue	`GrossProfit`	-	USD	2 Qtrs
Total Revenue	`GrossProfit`	-	USD	1 Quarter
Total Revenue	`GrossProfit`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$295.65K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$100.16K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$145.94K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$113.39K	USD	2 Qtrs
Payroll expense	`LaborAndRelatedExpense`	$30.55K	USD	1 Quarter
Payroll expense	`LaborAndRelatedExpense`	$3.58K	USD	1 Quarter
Payroll expense	`LaborAndRelatedExpense`	$36.16K	USD	2 Qtrs
Payroll expense	`LaborAndRelatedExpense`	$9.81K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$168.47K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$95.57K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.99K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$5.58K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$47.62K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$29.95K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.17K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.23K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-275.04K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-521.55K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-158.77K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-137.47K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-275.04K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-521.55K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-158.77K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-137.47K	USD	1 Quarter
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	281.20M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	195.28M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	281.20M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	195.28M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-275.04K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-521.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-158.77K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-137.47K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-89.47K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.65K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$34.84K	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.94K	USD	2 Qtrs
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$880.00	USD	2 Qtrs
Net cash from operations	`NetCashProvidedByUsedInOperatingActivities`	$-507.89K	USD	2 Qtrs
Net cash from operations	`NetCashProvidedByUsedInOperatingActivities`	$-157.89K	USD	2 Qtrs
Common stock issued	`ProceedsFromIssuanceOfCommonStock`	$684.70K	USD	2 Qtrs
Common stock issued	`ProceedsFromIssuanceOfCommonStock`	$605.60K	USD	2 Qtrs
Warrants issued	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Warrants issued	`ProceedsFromIssuanceOrSaleOfEquity`	$74.40K	USD	2 Qtrs
Capital to be returned	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Capital to be returned	`ProceedsFromContributedCapital`	$1.80K	USD	2 Qtrs
Net cash from financing	`NetCashProvidedByUsedInFinancingActivities`	$686.50K	USD	2 Qtrs
Net cash from financing	`NetCashProvidedByUsedInFinancingActivities`	$680.00K	USD	2 Qtrs
Net increase (use) of cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$178.61K	USD	2 Qtrs
Net increase (use) of cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$522.11K	USD	2 Qtrs
Cash, beginning of period	`Cash`	$211.05K	USD	Point-in-time
Cash, beginning of period	`Cash`	$389.66K	USD	Point-in-time
Cash, beginning of period	`Cash`	$522.10K	USD	Point-in-time
Cash, beginning of period	`Cash`	$-11.00	USD	Point-in-time
Cash, end of period	`Cash`	$211.05K	USD	Point-in-time
Cash, end of period	`Cash`	$389.66K	USD	Point-in-time
Cash, end of period	`Cash`	$522.10K	USD	Point-in-time
Cash, end of period	`Cash`	$-11.00	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid in cash	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Common stock issued for services	`StockIssued1`	$70.00K	USD	2 Qtrs
Common stock issued for services	`StockIssued1`	-	USD	2 Qtrs
Shares exchanged in acquisition	`StockIssuedDuringPeriodValueOther`	-	USD	2 Qtrs
Shares exchanged in acquisition	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$142.43K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$493.33K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-4.42K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$516.80K	USD	Point-in-time
Issuance of Common Stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$684.70K	USD	2 Qtrs
Issuance of Common Stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$605.60K	USD	2 Qtrs
Shares Issued for Services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	1.88M	shares	2 Qtrs
Shares Issued for Services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Shares Issued for Services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	2 Qtrs
Issuance of warrants	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$74.40K	USD	2 Qtrs
Share Exchange with Red Cat Propware, amount	`StockIssuedDuringPeriodValueOther`	-	USD	2 Qtrs
Share Exchange with Red Cat Propware, amount	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-275.04K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-521.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-158.77K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-137.47K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$142.43K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$493.33K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-4.42K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$516.80K	USD	Point-in-time

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