Red Cat Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Note 2 ??? Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Note 19 ??? Derivatives (Tables)

Note 19 – Derivatives (Tables)

9 Months Ended

Jan. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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	January 31, 2024	April 30, 2023
Risk-free interest rate	4.73 – 5.54%	2.83 – 4.51%
Expected dividend yield	—	—
Expected term (in years)	1.67 – 2.50	2.42 – 3.50
Expected volatility	74.41 – 107.90%	138.49 – 235.23%

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

	January 31, 2024			April 30, 2023
Balance, beginning of period	$	588,205		$	1,607,497
Additions		—			—
Eliminated upon conversion of notes/exercise of warrants		—			—
Changes in fair value		(302,821	)		(1,019,292	)
Balance, end of period	$	285,384		$	588,205

Changes in fair value primarily relate to changes in the Company’s stock price during the period, with increases in the stock price increasing the liability and decreases in the stock price reducing the liability.