Red Cat Holdings, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - FORM 8-K - Red Cat Holdings, Inc.	rcat0219form8k.htm

Exhibit 99.1

RED CAT HOLDINGS, Inc.
Condensed Consolidated Balance Sheets
( Unaudited )


		December 31,
		2020
ASSETS
Current Assets
Cash	$	485,905
Accounts Receivable, net		173,396
Inventory		889,275
Other		635,281
Total Current Assets		2,183,857

Goodwill		9,449,333
Intangible Assets, net		637,000
Other		3,853

TOTAL ASSETS	$	12,274,043

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable	$	1,133,622
Accrued Expenses		89,134
Notes Payable		1,965,043
Due to Related Party		331,523
Other		563,100
Derivative Liability		2,291,584
Total Current Liabilities		6,374,006

Convertible Debentures		56,888
Commitments and contingencies

Stockholders' Equity
Series A Preferred Stock		2,087
Series B Preferred Stock		36,816
Common Stock		25,949
Additional Paid-in Capital		11,098,572
Accumulated Deficit		(5,320,275	)
Total Stockholders' Equity		5,843,149
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	12,274,043

Red Cat Holdings, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - February 19, 2021