Consolidated Operations Statements - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2021 |
Jan. 31, 2020 |
Jan. 31, 2021 |
Sep. 30, 2020 |
Jan. 31, 2020 |
Sep. 30, 2019 |
Apr. 30, 2020 |
Dec. 31, 2019 |
Apr. 30, 2019 |
Dec. 31, 2018 |
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| Revenues | $ 2,145,988 | $ 34,538 | $ 3,122,077 | $ 34,538 | $ 403,940 | |||||
| Cost of goods sold | 1,576,265 | 16,234 | 2,351,153 | 16,234 | 325,379 | |||||
| Gross Margin | 569,723 | 18,304 | 770,924 | 18,304 | 78,561 | |||||
| Operating Expenses | ||||||||||
| Operations | 146,539 | 353,295 | ||||||||
| Research and development | 167,968 | 94,979 | 341,892 | 354,146 | 488,990 | 366,590 | ||||
| Sales and marketing | 48,719 | 97,534 | ||||||||
| General and administrative expenses | 499,155 | 212,482 | 929,874 | 478,871 | 1,248,717 | 384,742 | ||||
| Stock based compensation | 854,195 | 149,462 | 1,068,317 | 161,529 | 269,895 | |||||
| Total operating expenses | 1,716,576 | 456,923 | 2,790,912 | 994,546 | 1,737,707 | 751,332 | ||||
| Operating loss | (1,146,853) | (438,619) | (2,019,988) | (976,242) | (1,659,146) | (751,332) | ||||
| Provision for income taxes | ||||||||||
| Net operating income | (1,146,853) | (438,619) | (2,019,988) | (976,242) | (1,659,146) | (751,332) | ||||
| Other income | 57,215 | |||||||||
| Other expense | ||||||||||
| Amortization Expense | 5,571 | 5,571 | ||||||||
| Derivative expense | 4,481,701 | 4,630,288 | ||||||||
| Change in fair value of derivative | 3,350,135 | 3,433,938 | ||||||||
| Other expense | 7,837,407 | 8,069,797 | ||||||||
| Net loss/income | $ (8,984,260) | $ (438,619) | $ (10,089,785) | $ (976,242) | $ (1,601,931) | $ (751,332) | ||||
| Loss per share - basic and diluted | $ (0.34) | $ (0.02) | $ (0.46) | $ (0.08) | $ 0.12 | $ 0.14 | ||||
| Weighted average shares outstanding - basic and diluted | 26,232,755 | 17,732,298 | 22,161,745 | 11,556,950 | 13,732,205 | 5,328,630 | ||||
| FAT SHARK HOLDINGS | ||||||||||
| Revenues | $ 4,436,439 | $ 5,597,234 | $ 7,298,640 | $ 9,385,135 | ||||||
| Cost of goods sold | 3,463,995 | 4,355,218 | 5,799,156 | 7,824,207 | ||||||
| Gross Margin | 972,444 | 1,242,016 | 1,499,484 | 1,560,928 | ||||||
| Operating Expenses | ||||||||||
| Operations | 119,063 | 202,829 | ||||||||
| Research and development | 207,514 | 328,628 | 391,741 | 799,531 | ||||||
| Sales and marketing | 57,678 | 67,901 | 180,496 | 447,848 | ||||||
| General and administrative expenses | 280,562 | 402,982 | 677,005 | 766,429 | ||||||
| Total operating expenses | 664,817 | 1,002,340 | 1,249,242 | 2,013,808 | ||||||
| Operating loss | 307,627 | 239,676 | 250,242 | (452,880) | ||||||
| Provision for income taxes | ||||||||||
| Net operating income | 307,627 | 239,676 | 250,242 | (452,880) | ||||||
| Other expense | ||||||||||
| Net loss/income | $ 307,627 | $ 239,676 | $ 250,242 | $ (452,880) | ||||||
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Interest expense incurred on short positions arising from sales of securities and other assets, which the entity does not own, to other parties. Trading liabilities includes the fair value of derivative contracts held for trading that are in loss positions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- Details
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