Related Party Transactions |
3 Months Ended |
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Jul. 31, 2019 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Note 6 - Related-Party Transactions
Shares Issued for Services - On May 7, 2019, the Company issued 1,570 shares of common stock valued at $70,000 to a consultant for legal services provided.
Office Space Rental – Red Cat rented office space from Red Cat’s CEO for the 2019 and 2018 years for $8,100 and $7,200. This office space arrangement ended March 31, 2019. Rent expense is classified within general and administrative expenses. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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