Red Cat Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Note 6 - Property, Plant and Equipment and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014


Property, plant and equipment consist of the following:

Equipment	$247,750	$0
Computers and software	7,400	3,500
Other equipment	400	400
Total property, plant and equipment	255,550	3,900
Less:
Accumulated depreciation	3,900	3,900
Current depreciation expense	20,600	0
Total accumulated depreciation	24,500	3,900

Net property, plant and equipment	$231,050	$0

Intangible assets consist of:

Goodwill	$8,007,031	$0
Less:
Impairment	6,665,887	0

Net intangible assets	$1,341,144	$0

Depreciation expense was $20,600 at December 31, 2014 and $0 at December 31, 2013.