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

Summary of Significant Accounting Policies and Use of Estimates (Tables)

3 Months Ended

Mar. 31, 2018

	Three Months Ended
	March 31,			March 31,
	2018			2017

Revenues	$	—		$	—

Operating expenses:
Research and development		—			448,891
Occupancy		—			23,207
Depreciation and amortization		—			3,152
Officer compensation		—			212,856
Professional fees		—			500
Other operating expenses		—			20,171
Total operating expenses		—			708,777

Loss from operations		—			(708,777	)

Other income (expense):
Gain on disposal of Timefire, LLC		670,428			—
Interest income		—			2
Interest expense		(180	)		3,448
Total other income (expense)		670,248			(3,446	)

Income (loss) from continuing operations		670,248			(712,223	)