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v3.21.1

Pro Forma Balance Sheet | Sep. 30, 2020 USD ($)
--- | ---
Red Cat |
Current Assets |
Cash and equivalents | $ 446,912
Accounts receivable |
Inventory | 168,181
Goodwill | 2,466,073
Other |
Total Current Assets | 3,081,166
Other | 23,853
TOTAL ASSETS | 3,105,019
Current Liabilities |
Accounts payable | 295,300
Accrued Expenses | 163,661
Customer deposits | 77,053
Total Current Liabilities | 536,014
Notes Payable | 1,533,467
Stockholders' Equity |
Preferred Stock | 38,903
Common stock | 20,011
Additional paid-in capital | 4,246,412
Accumulated deficit | (3,269,788)
Total Stockholders' Equity | 1,035,538
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 3,105,019
Fat Shark |
Current Assets |
Cash and equivalents | 237,560
Accounts receivable | 185,656
Inventory | 276,297
Goodwill |
Other | 416,863
Total Current Assets | 1,116,376
Other | 105,000
TOTAL ASSETS | 1,221,376
Current Liabilities |
Accounts payable | 258,514
Accrued Expenses | 48,478
Customer deposits | 40,249
Total Current Liabilities | 347,241
Notes Payable | 936,271
Stockholders' Equity |
Preferred Stock | 35,000
Common stock | 0
Additional paid-in capital | 1,200
Accumulated deficit | (98,336)
Total Stockholders' Equity | (62,136)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,221,376
Adjustments |
Current Assets |
Cash and equivalents |
Accounts receivable |
Inventory |
Goodwill | 7,226,941
Other |
Total Current Assets | 7,226,941
Other |
TOTAL ASSETS | 7,226,941
Current Liabilities |
Accounts payable |
Accrued Expenses |
Customer deposits |
Total Current Liabilities |
Notes Payable | 563,729
Stockholders' Equity |
Preferred Stock | (35,000)
Common stock | 5,227
Additional paid-in capital | 6,848,399
Accumulated deficit | (155,414)
Total Stockholders' Equity | 6,663,212
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 7,226,941
Pro-Forma |
Current Assets |
Cash and equivalents | 684,472
Accounts receivable | 185,656
Inventory | 444,478
Goodwill | 9,693,014
Other | 416,863
Total Current Assets | 11,424,483
Other | 128,853
TOTAL ASSETS | 11,553,336
Current Liabilities |
Accounts payable | 553,814
Accrued Expenses | 212,139
Customer deposits | 117,302
Total Current Liabilities | 883,255
Notes Payable | 3,033,467
Stockholders' Equity |
Preferred Stock | 38,903
Common stock | 25,238
Additional paid-in capital | 11,096,011
Accumulated deficit | (3,523,538)
Total Stockholders' Equity | 7,636,614
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 11,553,336

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