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

Note 16 - Derivative Liability: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details)

Note 16 - Derivative Liability: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2015	Jan. 14, 2015	Dec. 31, 2014
Derivative liability, beginning balance	$ 0	$ 125,019	$ 0
Fair Value, Inputs, Level 1
Derivative liability, beginning balance	0
Fair Value, Inputs, Level 2
Derivative liability, beginning balance	0
Fair Value, Inputs, Level 3
Derivative liability, beginning balance	$ 0

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

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