10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001554795-21-000346 |
| Period End Date | 20210731 |
| Filing Date | 20210920 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | rcat0909form10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalents
|
$66.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalents
|
$277.35K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$267.81K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$321.69K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$884.93K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$362.07K | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$2.46M | USD | Point-in-time |
| Other |
OtherAssetsCurrent
|
$678.90K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$69.73M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.64M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$11.65M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$8.02M | 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 |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.03M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.02M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$3.85K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
48.49M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
29.43M | shares | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$3.85K | USD | Point-in-time |
| Total Long Term Assets |
AssetsNoncurrent
|
$13.67M | USD | Point-in-time |
| Total Long Term Assets |
AssetsNoncurrent
|
$10.05M | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
48.49M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
29.43M | shares | Point-in-time |
| TOTAL ASSETS |
Assets
|
$83.40M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$11.69M | USD | Point-in-time |
| Accounts payable |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$920.26K | USD | Point-in-time |
| Accounts payable |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$541.90K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$614.05K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$637.77K | USD | Point-in-time |
| Notes payable |
NotesPayableCurrent
|
$269.05K | USD | Point-in-time |
| Notes payable |
NotesPayableCurrent
|
$154.87K | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrent
|
$390.21K | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrent
|
$239.95K | USD | Point-in-time |
| Customer deposits |
ContractWithCustomerLiabilityCurrent
|
$46.10K | USD | Point-in-time |
| Customer deposits |
ContractWithCustomerLiabilityCurrent
|
$108.89K | USD | Point-in-time |
| Warrant derivative liability |
DerivativeLiabilitiesCurrent
|
$2.50M | USD | Point-in-time |
| Warrant derivative liability |
DerivativeLiabilitiesCurrent
|
$2.81M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$4.67M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$4.56M | USD | Point-in-time |
| Note payable to related party |
DueToRelatedPartiesNoncurrent
|
$1.75M | USD | Point-in-time |
| Note payable to related party |
DueToRelatedPartiesNoncurrent
|
$1.62M | USD | Point-in-time |
| Total Long Term Liabilities |
LiabilitiesNoncurrent
|
$1.75M | USD | Point-in-time |
| Total Long Term Liabilities |
LiabilitiesNoncurrent
|
$1.62M | USD | Point-in-time |
| outstanding 158,704 and 158,704 |
PreferredStockValue
|
$1.59K | USD | Point-in-time |
| outstanding 158,704 and 158,704 |
PreferredStockValue
|
$1.59K | USD | Point-in-time |
| outstanding 986,676 and 1,968,676 |
PreferredStockValueSeriesB
|
$19.69K | USD | Point-in-time |
| outstanding 986,676 and 1,968,676 |
PreferredStockValueSeriesB
|
$9.87K | USD | Point-in-time |
| outstanding 48,489,085 and 29,431,264 |
CommonStockValue
|
$48.49K | USD | Point-in-time |
| outstanding 48,489,085 and 29,431,264 |
CommonStockValue
|
$29.43K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$21.03M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$94.53M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-17.37M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-15.81M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$922.00 | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
- | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$1.25M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$77.22M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$5.27M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$1.53M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$83.40M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$11.69M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$548.28K | USD | 1 Quarter |
| Revenues |
Revenues
|
$1.40M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$446.13K | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$1.29M | USD | 1 Quarter |
| Gross Margin |
GrossProfit
|
$102.15K | USD | 1 Quarter |
| Gross Margin |
GrossProfit
|
$102.40K | USD | 1 Quarter |
| Operations |
OtherCostAndExpenseOperating
|
$176.86K | USD | 1 Quarter |
| Operations |
OtherCostAndExpenseOperating
|
$86.55K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$87.31K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$244.25K | USD | 1 Quarter |
| Sales and marketing |
MarketingAndAdvertisingExpense
|
$24.14K | USD | 1 Quarter |
| Sales and marketing |
MarketingAndAdvertisingExpense
|
$100.63K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$876.18K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$180.34K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$384.09K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$107.06K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$485.39K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$1.78M | USD | 1 Quarter |
| Operating loss |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$-1.68M | USD | 1 Quarter |
| Operating loss |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$-383.24K | USD | 1 Quarter |
| Change in fair value of derivative liability |
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
- | USD | 1 Quarter |
| Change in fair value of derivative liability |
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
$154.25K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$17.10K | USD | 1 Quarter |
| Other, net |
OtherNonrecurringIncomeExpense
|
$15.31K | USD | 1 Quarter |
| Other, net |
OtherNonrecurringIncomeExpense
|
- | USD | 1 Quarter |
| Other Income (Expense) |
OtherNonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Other Income (Expense) |
OtherNonoperatingIncomeExpense
|
$121.84K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-383.24K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.56M | USD | 1 Quarter |
| Loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.05 | USD | 1 Quarter |
| Loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
20.01M | shares | 1 Quarter |
| basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34.07M | shares | 1 Quarter |
Cash Flow Statement
63 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-383.24K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.56M | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$384.09K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$107.06K | USD | 1 Quarter |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$192.00K | USD | 1 Quarter |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$16.33K | USD | 1 Quarter |
| Change in fair value of derivative |
IncreaseDecreaseInDerivativeLiabilities
|
- | USD | 1 Quarter |
| Change in fair value of derivative |
IncreaseDecreaseInDerivativeLiabilities
|
$-154.25K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$104.96K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
- | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-54.98K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-472.30K | USD | 1 Quarter |
| Other |
IncreaseDecreaseInOtherCurrentAssets
|
$3.02K | USD | 1 Quarter |
| Other |
IncreaseDecreaseInOtherCurrentAssets
|
$-2.00M | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$62.79K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInContractWithCustomerLiability
|
$38.63K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$46.25K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-130.53K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$10.44K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-522.39K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-232.82K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.07M | USD | 1 Quarter |
| Cash acquired through acquisitions |
CashAcquiredFromAcquisition
|
- | USD | 1 Quarter |
| Cash acquired through acquisitions |
CashAcquiredFromAcquisition
|
$13.50K | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$13.50K | USD | 1 Quarter |
| Proceeds from exercise of warrants |
ProceedsFromWarrantExercises1
|
$100.00K | USD | 1 Quarter |
| Proceeds from exercise of warrants |
ProceedsFromWarrantExercises1
|
- | USD | 1 Quarter |
| Payments under related party obligations |
RepaymentsOfRelatedPartyDebt
|
$150.25K | USD | 1 Quarter |
| Payments under related party obligations |
RepaymentsOfRelatedPartyDebt
|
$480.00 | USD | 1 Quarter |
| Proceeds from notes payable |
ProceedsFromNotesPayable
|
- | USD | 1 Quarter |
| Proceeds from notes payable |
ProceedsFromNotesPayable
|
$140.00K | USD | 1 Quarter |
| Payments under notes payable |
RepaymentsOfNotesPayable
|
$114.17K | USD | 1 Quarter |
| Payments under notes payable |
RepaymentsOfNotesPayable
|
$87.50K | USD | 1 Quarter |
| Proceeds from issuance of common stock, net |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock, net |
ProceedsFromIssuanceOfCommonStock
|
$70.07M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$69.90M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$52.02K | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
- | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$922.00 | USD | 1 Quarter |
| Net increase (decrease) in Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$65.84M | USD | 1 Quarter |
| Net increase (decrease) in Cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-180.80K | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$55.87K | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$66.12M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$277.35K | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$236.67K | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$55.87K | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$66.12M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$277.35K | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$236.67K | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$2.02K | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Fair value of shares issued in acquisitions |
StockIssued1
|
- | USD | 1 Quarter |
| Fair value of shares issued in acquisitions |
StockIssued1
|
$2.63M | USD | 1 Quarter |
| Indirect payment to related party |
IndirectPaymentToRelatedParty
|
$132.20K | USD | 1 Quarter |
| Conversion of derivative liability |
ConversionOfDerivativeLiability
|
- | USD | 1 Quarter |
| Conversion of derivative liability |
ConversionOfDerivativeLiability
|
$163.14K | USD | 1 Quarter |
| Conversion of preferred stock into common stock |
ConversionOfPreferredStockIntoCommonStock
|
$9.82K | USD | 1 Quarter |
| Conversion of preferred stock into common stock |
ConversionOfPreferredStockIntoCommonStock
|
- | USD | 1 Quarter |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Payments of Stock Issuance Costs |
PaymentsOfStockIssuanceCosts
|
$5.96M | USD | 1 Quarter |
| Balances, April 30, 2021 |
StockholdersEquity
|
$1.25M | USD | Point-in-time |
| Balances, April 30, 2021 |
StockholdersEquity
|
$77.22M | USD | Point-in-time |
| Balances, April 30, 2021 |
StockholdersEquity
|
$5.27M | USD | Point-in-time |
| Balances, April 30, 2021 |
StockholdersEquity
|
$1.53M | USD | Point-in-time |
| Stock based compensation |
ShareBasedCompensation
|
$384.09K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$107.06K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-383.24K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-1.56M | USD | 1 Quarter |
| Balances, July 31, 2021 |
StockholdersEquity
|
$1.25M | USD | Point-in-time |
| Balances, July 31, 2021 |
StockholdersEquity
|
$77.22M | USD | Point-in-time |
| Balances, July 31, 2021 |
StockholdersEquity
|
$5.27M | USD | Point-in-time |
| Balances, July 31, 2021 |
StockholdersEquity
|
$1.53M | USD | Point-in-time |
| Acquisition of Skypersonic |
StockIssuedDuringPeriodValueAcquisitions
|
$2.63M | USD | 1 Quarter |
| Public offerings, net of $5,959,800 of issuance costs |
StockIssuedDuringPeriodValueNewIssues
|
$70.04M | USD | 1 Quarter |
| Exercise of warrants |
ProceedsFromWarrantExercises
|
$263.14K | USD | 1 Quarter |
| Conversion of preferred stock |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
- | USD | 1 Quarter |
| Shares issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$192.00K | USD | 1 Quarter |
| Currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$922.00 | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.