10-K Filing

Red Cat Holdings, Inc. CIK: 748268 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001554795-20-000206`
Period End Date	20200430
Filing Date	20200813
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	rcat-20200430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 26 Cash Flow Statement 52 Stockholders Equity 19

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$236.67K	USD	Point-in-time
Cash	`Cash`	$570.33K	USD	Point-in-time
Cash	`Cash`	$503.44K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$78.65K	USD	Point-in-time
Other	`OtherAssetsCurrent`	$3.02K	USD	Point-in-time
Other	`OtherAssetsCurrent`	$100.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$603.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$318.34K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	6.50M	shares	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	6.50M	shares	Point-in-time
Goodwill	`Goodwill`	$2.47M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3.89M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Trademark	`IndefiniteLivedTrademarks`	-	USD	Point-in-time
Trademark	`IndefiniteLivedTrademarks`	$20.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$3.85K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.89M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$603.44K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.81M	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`	179,292.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.01M	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$20.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	179,292.00	shares	Point-in-time
Accounts payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$249.05K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$89.34K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$15.12K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$118.77K	USD	Point-in-time
Due to Related Party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to Related Party	`DueToRelatedPartiesCurrent`	$333.68K	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$38.42K	USD	Point-in-time
Common shares to be issued	`CommonStockSharesSubscriptions`	$754.70K	USD	Point-in-time
Common shares to be issued	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$829.27K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$790.71K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible debentures	`ConvertibleDebtNoncurrent`	$450.00K	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 3,681,623 and 0	`PreferredStockValue`	$38.90K	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 3,681,623 and 0	`PreferredStockValue`	-	USD	Point-in-time
Common stock - shares authorized 500,000,000; outstanding 20,011,091 and 179,292	`CommonStockValue`	$20.01K	USD	Point-in-time
Common stock - shares authorized 500,000,000; outstanding 20,011,091 and 179,292	`CommonStockValue`	$179.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$784.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-971.82K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.57M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$514.06K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.53M	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`	$2.81M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$403.94K	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$325.38K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	Annual
Gross Margin	`GrossProfit`	-	USD	Annual
Gross Margin	`GrossProfit`	$78.56K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$366.59K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$488.99K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.25M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$384.74K	USD	Annual
Total operating expenses	`OperatingExpenses`	$751.33K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.74M	USD	Annual
Operating loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.66M	USD	Annual
Operating loss	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-751.33K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net operating income	`OperatingIncomeLoss`	$-751.33K	USD	Annual
Net operating income	`OperatingIncomeLoss`	$-1.66M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$57.22K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.60M	USD	Annual
Net loss	`NetIncomeLoss`	$-751.33K	USD	Annual
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.12	USD	Annual
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.14	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.73M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.33M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.60M	USD	Annual
Net loss	`NetIncomeLoss`	$-751.33K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$269.89K	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$204.00K	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$70.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$48.76K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$124.98K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-100.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$38.42K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$68.07K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.89K	USD	Annual
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$7.05K	USD	Annual
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$36.23K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-811.58K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-753.39K	USD	Annual
Acquired through acquisition	`CashAcquiredFromAcquisition`	$46.33K	USD	Annual
Acquired through acquisition	`CashAcquiredFromAcquisition`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$46.33K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$684.70K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Capital to be returned	`ProceedsFromContributedCapital`	-	USD	Annual
Capital to be returned	`ProceedsFromContributedCapital`	$1.80K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$152.24K	USD	Annual
Proceeds from issuance of convertible debentures	`ProceedsFromConvertibleDebt`	$450.00K	USD	Annual
Proceeds from issuance of convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	Annual
Payments under related party obligations	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments under related party obligations	`RepaymentsOfRelatedPartyDebt`	$12.72K	USD	Annual
Payments under notes payable	`RepaymentsOfNotesPayable`	$91.03K	USD	Annual
Payments under notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$498.49K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$686.50K	USD	Annual
Net use of Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-66.89K	USD	Annual
Net use of Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-266.77K	USD	Annual
Cash, beginning of period	`Cash`	$236.67K	USD	Point-in-time
Cash, beginning of period	`Cash`	$570.33K	USD	Point-in-time
Cash, beginning of period	`Cash`	$503.44K	USD	Point-in-time
Cash, end of period	`Cash`	$236.67K	USD	Point-in-time
Cash, end of period	`Cash`	$570.33K	USD	Point-in-time
Cash, end of period	`Cash`	$503.44K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims1`	$70.00K	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims1`	$204.00K	USD	Annual
Fair value of shares exchanged in acquisitions	`StockIssued1`	$1.94M	USD	Annual
Fair value of shares exchanged in acquisitions	`StockIssued1`	-	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$514.06K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$1.53M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-187.27K	USD	Point-in-time
Issuance of common stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	Annual
Issuance of common stock, amount	`StockIssuedDuringPeriodValueNewIssues`	$684.20K	USD	Annual
Share Exchange Agreement, amount	`StockIssuedDuringPeriodValueOther`	$117.75K	USD	Annual
Conversion of Preferred Stock, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Exercise of warrants, amount	`ProceedsFromWarrantExercises`	-	USD	Annual
Exercise of warrants, amount	`ProceedsFromWarrantExercises`	$152.24K	USD	Annual
Merger with Rotor Riot, amount	`StockIssuedDuringPeriodValueMerger`	$1.82M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$269.89K	USD	Annual
Shares Issued for Services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	151,570.00	shares	Annual
Shares Issued for Services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$70.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.60M	USD	Annual
Net Loss	`NetIncomeLoss`	$-751.33K	USD	Annual
Ending balance, amount	`StockholdersEquity`	$514.06K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$1.53M	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.