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

Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property, Plant and Equipment and Intangible Assets

Note 6 - Property, Plant and Equipment and Intangible Assets

9 Months Ended

Sep. 30, 2014

Note 6 - Property, Plant and Equipment and Intangible Assets

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

For the Periods Ended:	9/30/2014	12/31/2013

Property, plant and equipment consist of the following:

Equipment	$247,750	$0
Computers and software	7,400	0
Other equipment	400	0
Total property, plant and equipment	255,550	0
Less:
Accumulated depreciation	3,900	0
Current depreciation expense	15,450	0
Total accumulated depreciation	19,350	0

Net property, plant and equipment	$236,200	$0

Intangible assets consist of:

Goodwill	$8,007,031	$0
Less:
Impairment	0	0

Net intangible assets	$8,007,031	$0

Depreciation expense was $15,450 at September 30, 2014 and $0 at September 30, 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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