The Business (Tables)

9 Months Ended

Jan. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger

B. Red Cat Propware, Inc.

Cash	$	24,704
Goodwill		93,050
Total	$	117,754

C. Merger Agreement with Rotor Riot, LLC

I. Purchase Price

Shares issued	$	1,820,114
Promissory note issued	$	175,000
Total Purchase Price	$	1,995,114

II. Purchase Price Allocation

Assets Acquired
Cash	$	21,623
Accounts receivable		28,500
Other assets		3,853
Inventory		127,411
Trademark		20,000
Goodwill		2,375,852
Total assets acquired		2,577,239
Liabilities Assumed
Accounts Payable and accrued expenses	$	171,651
Notes payable	$	216,099
Due to Related Party	$	194,375
Total liabilities assumed	$	582,125
Net assets acquired	$	1,995,114