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Note 1 – The Business (Tables)
 12 Months Ended
Apr. 30, 2022
Accounting Policies [Abstract]  
[custom:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumed3TableTextBlock]
Shares issued  $6,351,076 
Promissory note issued   1,753,000 
Cash   250,000 
Total Purchase Price  $8,354,076 

 

Assets acquired   
Cash   201,632 
Accounts receivable   249,159 
Other assets   384,232 
Inventory   223,380 
Brand name   1,144,000 
Proprietary technology   272,000 
Non-compete agreement   16,000 
Total assets acquired   2,490,403 
Liabilities assumed     
Accounts payable and accrued expenses   279,393 
Customer deposits   25,194 
Total liabilities assumed   304,587 
Total fair value of net assets acquired   2,185,816 
Goodwill  $6,168,260 
[custom:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumed4TableTextBlock]
Shares issued   $2,716,012 
Cash    75,000 
Total Purchase Price   $2,791,012 

 

Assets acquired   
Cash   13,502 
Accounts receivable   51,083 
Other assets   12,950 
Inventory   50,556 
Proprietary technology   826,000 
Non-compete agreement   65,000 
Total assets acquired   1,019,091 
Liabilities assumed     
Accounts payable and accrued expenses   1,054,997 
Total liabilities assumed   1,054,997 
Total fair value of net assets acquired   (35,906)
Goodwill  $2,826,918 
[custom:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumed5TableTextBlock]
Total Purchase Price – shares issued  $10,011,279 
      
Assets acquired     
Cash   11,364 
Accounts receivable   47,964 
Other current assets   15,085 
Other assets   48,595 
Inventory   1,253,755 
Total assets acquired   1,376,763 
Liabilities assumed     
Accounts payable and accrued expenses   1,143,899 
Customer deposits   1,766,993 
Notes payable   2,749,091 
Total liabilities assumed   5,659,983 
Total fair value of net assets acquired   (4,283,220)
Goodwill  $14,294,499 
Business Acquisition, Pro Forma Information [Table Text Block]
             
   April 30, 2022
    
   Red Cat  Skypersonic  Teal  Consolidated
             
Revenues  $4,550,980   $312,023   $1,878,007   $6,741,010 
                     
Net Loss  $(8,604,139)  $(886,757)  $(4,201,408)  $(13,692,304)

 

The following table presents pro forma results for the year ended April 30, 2021 as if our acquisitions of Fat Shark, Skypersonic and Teal had occurred on May 1, 2020:

                 
   April 30, 2021
    
   Red Cat  Fat Shark   Skypersonic  Teal  Consolidated
                 
Revenues  $2,112,042   $ 5,190,970     $303,631   $979,344   $8,585,987 
                             
Net (Loss) Income  $(13,263,942)  $ 239,955     $(906,478)  $(3,283,309)  $(17,213,774)