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
|