1 Aug 2022late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 May 2022capital raising announcement● NeutralMajor
As of April 29, 2022 an investor swapped debentures from August 2018 ($245,600) and October 2020 ($317,718) for 600 shares of new non-voting Series D preferred stock with a $600,000 stated value, and cancelled warrants over 38,888,889 pre-split shares. This removes those debentures as debt, but the preferred converts into common at $0.50 post-split, with the price able to fall each quarter from July 1, 2022 to the lowest recent trading price, so it can dilute common holders. A 1-for-500 reverse split is expected in May 2022.
4 Mar 2022quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $144 thousand for the period ended 2022-01-31.
14 Dec 2021quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $144 thousand for the period ended 2022-01-31.
20 Sept 2021quarterly activities report● Neutral
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and net income of $325 thousand for the period ended 2021-10-31.
15 Sept 2021late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.
30 July 2021late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.
16 Mar 2021securities registration● Neutral
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. amended a filing by which it registered a securities offering with the SEC.
3 Mar 2021quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $1.0 million for the period ended 2021-01-31.
15 Jan 2021securities registration● Neutral
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. registered a securities offering with the SEC.
15 Dec 2020quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $1.0 million for the period ended 2021-01-31.
23 Oct 2020debt financing▼ BadMajor
On October 19, 2020 the company received $250,000 through a new convertible debenture with a $272,500 principal, 8% interest, due January 1, 2022. It is convertible at an initial $0.50 per share, with the price reset downward each quarter from April 1, 2021 to the recent average price if that is lower. Part of the money will prepay an existing $113,737 convertible note and the rest goes to Passive Portal production (up to 50 units, per the press release) and operating costs. This continues the pattern of small convertible financings; the reset feature could dilute shareholders (inference). The company is also required to register the conversion shares, including those under the January 13, 2020 debenture.
22 Sept 2020quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $15 thousand and a net loss of $1.1 million for the period ended 2020-10-31.
21 Sept 2020quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $15 thousand and a net loss of $1.1 million for the period ended 2020-10-31.
15 Sept 2020late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.
15 Sept 2020late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. amended its notice to the SEC that its quarterly report would be filed late.
30 July 2020late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.
12 Mar 2020quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $853 thousand for the period ended 2020-01-31.
24 Jan 2020debt financing● Neutral
This amendment to the January 23, 2020 report was filed solely to include exhibits that could not be read in the original filing. It carries no new information beyond restating the January 17, 2020 financings: a $220,000 debenture ($200,000 received) and a $171,000 note ($50,000 funded). The text now says the debenture carries 10% annual interest, while its title says 15%.
23 Jan 2020debt financing▼ BadMajor
On January 17, 2020 the company raised $250,000 from two lenders: a $220,000 15% debenture due January 12, 2021 (received $200,000 after OID) convertible at the lower of $0.60 or 60% of the lowest recent price, and a $171,000 note of which $50,000 was funded, convertible at 55% of the market price. Proceeds go to fabrication equipment for the Passive Portal scanner and an $80,620 note settlement; the discounted conversion terms could dilute shareholders (inference).
19 Dec 2019quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $853 thousand for the period ended 2020-01-31.
17 Dec 2019late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.
23 Sept 2019quarterly activities report▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported quarterly revenue of $0 and a net loss of $180 thousand for the period ended 2019-10-31.
16 Sept 2019late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.
29 July 2019late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its annual report would be filed late.
13 May 2019security holder rights change▼ BadMajor
On May 9, 2019 the board reversed the December 2018 change, restoring the preferred conversion rate to 10 common shares per preferred share (all preferred holders consented), so potential dilution is back to the earlier level. Separately, the company settled its July 2016 $189,000 Firstfire note (about $160,000 owed) for $75,000 in cash ($65,000 paid May 10) plus 150,000 conversion shares; if terms are not met, Firstfire can convert the note after May 31, 2019.
25 Mar 2019quarterly activities report● Neutral
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported a quarterly net income of $279 thousand for the period ended 2019-01-31.
15 Mar 2019late filing notice▼ Bad
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. notified the SEC that its quarterly report would be filed late.
18 Dec 2018security holder rights change▲ Good
On December 11, 2018 the board cut the conversion rate of Series A and B preferred shares from 10 to 5 common shares each, with all preferred holders consenting. This reduces the potential dilution from the 2,925,369 Series A and 520,000 Series B shares outstanding. The company also hired Integrity Media for three months of investor relations, paid in restricted shares.
13 Dec 2018quarterly activities report● Neutral
DEFENSE TECHNOLOGIES INTERNATIONAL CORP. reported a quarterly net income of $279 thousand for the period ended 2019-01-31.