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

Quarterly report pursuant to Section 13 or 15(d)

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

Note 16 - Derivative Liability: Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (USD $)	Mar. 31, 2015	Jan. 14, 2015	Dec. 31, 2014
Derivative liability	$ 67,017us-gaap_DerivativeLiabilitiesCurrent	$ 125,019us-gaap_DerivativeLiabilitiesCurrent	$ 0us-gaap_DerivativeLiabilitiesCurrent
Fair Value, Inputs, Level 1
Derivative liability	0
Fair Value, Inputs, Level 2
Derivative liability	0
Fair Value, Inputs, Level 3
Derivative liability	$ 67,017

- 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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