General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Jan. 31, 2021
Sep. 30, 2020
Apr. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Apr. 30, 2019
Dec. 31, 2018
Current Assets              
Cash $ 471,652   $ 236,668     $ 503,438  
Accounts receivable, net 312,414          
Inventory 708,017   78,650      
Other 505,865   3,020     100,000  
Total Current Assets 1,997,948   318,338     603,438  
Goodwill 9,449,333   2,466,073      
Trademark 631,429   20,000      
Other 3,853   3,853      
TOTAL ASSETS 12,082,563   2,808,264     603,438  
Current Liabilities              
Accounts payable 873,312   249,050     20,894  
Accrued Expenses 209,804   89,342     15,116  
Notes Payable 177,279   118,771      
Due to Related Party 395,544   333,684      
Customer deposits 96,580   38,419        
Common shares to be issued         754,700  
Derivative liability 9,144,226        
Total Current Liabilities 10,896,745   829,266     790,710  
Convertible debentures, net 79,187   450,000      
Due to Related Party 1,753,000        
Total Long Term Liabilities 1,832,187   450,000      
Commitments and contingencies        
Stockholders' Equity              
Series A Preferred Stock - shares authorized 2,200,000; outstanding 208,704 at October 31, 2020 and April 30, 2020, and 0 at April 30, 2019; Series B Preferred Stock - shares authorized 4,300,000; outstanding 3,681,623 at October 31, 2020 and April 30, 2020, and 0 at April 30, 2019; Fat Shark Holdings Preferred Stock - 700,000 shares authorized and outstanding at September 30, 2019 and 2018, and December 31, 2019 and 2018 28,856   38,903      
Common stock - shares authorized 500,000,000; outstanding 20,721,535 and 20,011,091 at October 31, 2020 and April 30, 2020, respectively, and 179,292 at April 30, 2019; Fat Shark Holdings Common Stock - 500,000,000 shares authorized; zero shares outstanding at September 30, 2019 and 2018, and December 31, 2019; 300,000 shares outstanding at December 31, 2018 27,161   20,011     179  
Additional paid-in capital 11,961,152   4,043,837     784,371  
Accumulated deficit (12,663,538)   (2,573,753)     (971,822)  
Total Stockholders' Equity (646,369)   1,528,998     (187,272)  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,082,563   $ 2,808,264     $ 603,438  
FAT SHARK HOLDINGS              
Current Assets              
Cash and equivalents   $ 237,560   $ 513,351 $ 362,022   $ 412,320
Accounts receivable, net   185,656   499,475 404,987   842,078
Inventory   276,297   479,422 556,042   927,904
Other   416,863   145,525 5,575  
Total Current Assets   1,116,376   1,637,773 1,328,626   2,182,302
Other   105,000   55,000 55,000   55,000
TOTAL ASSETS   1,221,376   1,692,773 1,383,626   2,237,302
Current Liabilities              
Accounts payable   258,514   955,711 792,314   919,477
Accrued Expenses   48,478   40,016 35,370   24,108
Customer deposits   40,249   130,538   83,722
Total Current Liabilities   347,241   1,126,265 827,684   1,027,307
Note Payable - Fat Shark   936,271   936,271 936,271   1,800,000
Commitments and contingencies      
Stockholders' Equity              
Series A Preferred Stock - shares authorized 2,200,000; outstanding 208,704 at October 31, 2020 and April 30, 2020, and 0 at April 30, 2019; Series B Preferred Stock - shares authorized 4,300,000; outstanding 3,681,623 at October 31, 2020 and April 30, 2020, and 0 at April 30, 2019; Fat Shark Holdings Preferred Stock - 700,000 shares authorized and outstanding at September 30, 2019 and 2018, and December 31, 2019 and 2018   35,000   35,000 35,000   35,000
Common stock - shares authorized 500,000,000; outstanding 20,721,535 and 20,011,091 at October 31, 2020 and April 30, 2020, respectively, and 179,292 at April 30, 2019; Fat Shark Holdings Common Stock - 500,000,000 shares authorized; zero shares outstanding at September 30, 2019 and 2018, and December 31, 2019; 300,000 shares outstanding at December 31, 2018       15,000
Additional paid-in capital   1,200   1,200 1,200   16,200
Accumulated deficit   (98,336)   (405,963) (416,529)   (656,205)
Total Stockholders' Equity   (62,136)   (369,763) (380,329)   (590,005)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $ 1,221,376   $ 1,692,773 $ 1,383,626   $ 2,237,302