Note 1 – The Business (Tables)
|
9 Months Ended |
Jan. 31, 2023 |
|---|
| 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 |
|
| Brand name |
|
|
1,430,000 |
|
| Proprietary technology |
|
|
3,869,000 |
|
| Total
assets acquired |
|
|
6,675,763 |
|
| 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 |
|
|
1,015,780 |
|
| Goodwill |
|
$ |
8,995,499 |
|
|
| Business Acquisition, Pro Forma Information [Table Text Block] |
| |
|
|
|
|
|
|
| |
|
Nine months ended January 31, 2022 |
| |
|
Red Cat |
|
Teal |
|
Consolidated |
| Revenues |
|
$ |
5,116,741 |
|
|
$ |
416,063 |
|
|
$ |
5,532,804 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Loss |
|
|
(6,863,190 |
) |
|
|
(1,467,770 |
) |
|
|
(8,330,960 |
) |
|