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

Note 5 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

9 Months Ended

Sep. 30, 2014

	9/30/2014	9/30/2013

Net Income (Loss)	(255,120)	(99,787)

Weighted-average common shares outstanding basic:

Weighted-average common stock - Basic	1,121,289	1,113,986
Equivalents
Stock options	-	-
Convertible Preferred Series B	1,800,000	-
Convertible Preferred Series C	90,000,000	-

Weighted-average common stock - Diluted	92,921,289	1,113,986