10-Q Filing

Red Cat Holdings, Inc. CIK: 748268 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001554795-19-000412`
Period End Date	20191031
Filing Date	20191223
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	rcat-20191031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 34 Cash Flow Statement 46 Stockholders Equity 30

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$315.89K	USD	Point-in-time
Cash	`Cash`	$570.33K	USD	Point-in-time
Cash	`Cash`	$264.53K	USD	Point-in-time
Cash	`Cash`	$503.44K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$25.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssets`	$100.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$289.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$603.44K	USD	Point-in-time
Goodwill	`Goodwill`	$93.05K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	6.50M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	6.50M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$603.44K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$382.58K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.18M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.18M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.90K	USD	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
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.89K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$9.82K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$15.12K	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 shares to be issued	`CommonStockSharesSubscriptions`	$754.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	179,292.00	shares	Point-in-time
Common shares to be issued	`CommonStockSharesSubscriptions`	$152.24K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.93M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$222.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	179,292.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.93M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$790.71K	USD	Point-in-time
Total Liabilities	`Liabilities`	$790.71K	USD	Point-in-time
Total Liabilities	`Liabilities`	$222.96K	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 2,200,000; outstanding 208,704 and 0; Series B Preferred Stock - shares authorized 4,300,000; outstanding 3,972,645 and 0	`PreferredStockValue`	-	USD	Point-in-time
Series A Preferred Stock - shares authorized 2,200,000; outstanding 208,704 and 0; Series B Preferred Stock - shares authorized 4,300,000; outstanding 3,972,645 and 0	`PreferredStockValue`	$41.81K	USD	Point-in-time
Common stock - shares authorized 500,000,000; outstanding 16,929,048 and 179,292	`CommonStockValue`	$179.00	USD	Point-in-time
Common stock - shares authorized 500,000,000; outstanding 16,929,048 and 179,292	`CommonStockValue`	$16.93K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$784.37K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-971.82K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.51M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$363.68K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$259.73K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$417.61K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$514.06K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$159.63K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-187.27K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$603.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$382.58K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$112.10K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$262.42K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$76.72K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$219.26K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$84.57K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$275.20K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$139.40K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$45.78K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-537.62K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-303.83K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-216.12K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-157.88K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-537.62K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-146.45K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-216.12K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-303.83K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-321.50K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-157.88K	USD	1 Quarter
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.88	USD	1 Quarter
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.70	USD	2 Qtrs
LOSS PER SHARE - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.93M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	179,202.00	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.64M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	179,293.00	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-537.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-146.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-216.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-303.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-321.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.88K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$12.07K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$12.07K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$75.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$40.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$-5.29K	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$-602.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-415.85K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-304.43K	USD	2 Qtrs
Acquired through acquisition	`AcquiredThroughAcquisition`	$24.70K	USD	2 Qtrs
Acquired through acquisition	`AcquiredThroughAcquisition`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.70K	USD	2 Qtrs
Common stock to be issued	`ProceedsFromCommonStockToBeIssued`	$152.24K	USD	2 Qtrs
Common stock to be issued	`ProceedsFromCommonStockToBeIssued`	-	USD	2 Qtrs
Common stock issued	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Common stock issued	`ProceedsFromIssuanceOrSaleOfEquity`	$50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInInvestingActivities`	$152.24K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInInvestingActivities`	$50.00K	USD	2 Qtrs
Net use of Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-238.91K	USD	2 Qtrs
Net use of Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-254.43K	USD	2 Qtrs
Cash, beginning of period	`Cash`	$315.89K	USD	Point-in-time
Cash, beginning of period	`Cash`	$570.33K	USD	Point-in-time
Cash, beginning of period	`Cash`	$264.53K	USD	Point-in-time
Cash, beginning of period	`Cash`	$503.44K	USD	Point-in-time
Cash, end of period	`Cash`	$315.89K	USD	Point-in-time
Cash, end of period	`Cash`	$570.33K	USD	Point-in-time
Cash, end of period	`Cash`	$264.53K	USD	Point-in-time
Cash, end of period	`Cash`	$503.44K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	1 Quarter
Fair value of shares exchanged in acquisition	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	1 Quarter
Fair value of shares exchanged in acquisition	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	2 Qtrs
Fair value of shares exchanged in acquisition	`StockIssuedDuringPeriodValueOther`	-	USD	2 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$363.68K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$259.73K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$417.61K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$514.06K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$159.63K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-187.27K	USD	Point-in-time
Issuance of common stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$684.70K	USD	1 Quarter
Issuance of common stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	1 Quarter
Shares Issued for Services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	1,570.00	shares	2 Qtrs
Shares Issued for Services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Shares Issued for Services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	2 Qtrs
Shares Issued for Services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	1 Quarter
Share Exchange Agreement, amount	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	1 Quarter
Share Exchange Agreement, amount	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	2 Qtrs
Share Exchange Agreement, amount	`StockIssuedDuringPeriodValueOther`	-	USD	2 Qtrs
Conversion of Preferred Stock and Reverse Stock Split, amount	`StockIssuedDuringPeriodValueReverseStockSplits`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$12.07K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$12.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-537.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-146.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-216.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-303.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-321.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.88K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$363.68K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$259.73K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$417.61K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$514.06K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$159.63K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-187.27K	USD	Point-in-time

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