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

Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Discontinued Operations

Note 14 - Discontinued Operations	6 Months Ended
Jun. 30, 2014
Notes
Note 14 - Discontinued Operations	NOTE 14 - DISCONTINUED OPERATIONS During the fourth quarter of 2013 the Company sold off it's only operating subsidiary at that time. Subsequently two additional active subsidiaries have been acquired during the first quarter of 2014. For comparative purposes following guidance under ASC 205-10-20 we have included the results of the sold off subsidiary as discontinued operations and not to be used in comparisons to our current operations.

Note 14 - Discontinued Operations

6 Months Ended

Jun. 30, 2014

NOTE 14 - DISCONTINUED OPERATIONS

During the fourth quarter of 2013 the Company sold off it's only operating subsidiary at that time. Subsequently two additional active subsidiaries have been acquired during the first quarter of 2014. For comparative purposes following guidance under ASC 205-10-20 we have included the results of the sold off subsidiary as discontinued operations and not to be used in comparisons to our current operations.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details