10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-021215`
Period End Date	20210630
Filing Date	20210825
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 56 Cash Flow Statement 45 Stockholders Equity 21

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Other Assets - Investments	`OtherShortTermInvestments`	$91.28K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Other Assets - Investments	`OtherShortTermInvestments`	$2.23M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$92.91K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	177.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	177.92M	shares	Point-in-time
Investments - real estate	`LongTermInvestments`	-	USD	Point-in-time
Investments - real estate	`LongTermInvestments`	$664.11K	USD	Point-in-time
Entrepreneurship Development	`EntrepreneurshipDevelopment`	$299.10K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	177.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	177.92M	shares	Point-in-time
Entrepreneurship Development	`EntrepreneurshipDevelopment`	-	USD	Point-in-time
Crypto Currency Mining Rigs	`CryptoCurrencyMiningRigs`	$19.20K	USD	Point-in-time
Crypto Currency Mining Rigs	`CryptoCurrencyMiningRigs`	-	USD	Point-in-time
Total assets	`Assets`	$2.61M	USD	Point-in-time
Total assets	`Assets`	$764.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$2.81K	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	-	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$115.00	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$33.79K	USD	Point-in-time
Line of credit - related party, current portion	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Line of credit - related party, current portion	`DueToRelatedPartiesCurrent`	$63.63K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.10K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Line of credit - related party, net of current portion	`DueToRelatedPartiesNoncurrent`	$540.52K	USD	Point-in-time
Line of credit - related party, net of current portion	`DueToRelatedPartiesNoncurrent`	$456.42K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$456.42K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$690.52K	USD	Point-in-time
Total Liabilities	`Liabilities`	$761.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.71M	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at June 30, 2021 and December 31, 2020 respectively.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at June 30, 2021 and December 31, 2020 respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 1,200,000,000 shares authorized, and 177,922,436 issued and outstanding as at June30, 2021 and December 31, 2020 respectively.	`CommonStockValue`	$177.92K	USD	Point-in-time
Common Stock, $0.001 par value, 1,200,000,000 shares authorized, and 177,922,436 issued and outstanding as at June30, 2021 and December 31, 2020 respectively.	`CommonStockValue`	$177.92K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$19.34M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$19.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.39M	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$1.41K	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$404.68K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$899.28K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.61M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$764.77K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.38M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.04M	USD	2 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$3.80M	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$3.59M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$242.83K	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$-218.43K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.23K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$28.91K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.04K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.13K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$30.39K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$62.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$102.12K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$4.08K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$14.61K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.69K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$40.00	USD	1 Quarter
Interest expense	`InterestExpense`	$85.00	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$33.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$73.90K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$77.64K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$133.12K	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$109.70K	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-73.90K	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.13K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-296.07K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$62.00	USD	2 Qtrs
Dividends	`InvestmentIncomeDividend`	$32.00	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$712.53K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	$757.00K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-73.90K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-23.13K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$866.76K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-36.99K	USD	Annual
Net Income	`NetIncomeLoss`	$416.49K	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	2 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	2 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	2 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-73.90K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-23.13K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$866.76K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-36.99K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$416.49K	USD	1 Quarter
Other Assets: Investments	`OtherAssetsInvestments`	$2.14M	USD	2 Qtrs
Other Assets: Investments	`OtherAssetsInvestments`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$800.00	USD	2 Qtrs
Depreciation	`Depreciation`	$2.87K	USD	2 Qtrs
Other Accrued Liabilities	`OtherAccruedLiabilities`	$-14.81K	USD	2 Qtrs
Other Accrued Liabilities	`OtherAccruedLiabilities`	$1.22M	USD	2 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.69K	USD	2 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-85.85K	USD	2 Qtrs
Entrepreneurship Development	`PaymentsForProceedsFromEntrepreneurshipDevelopment`	$-41.58K	USD	2 Qtrs
Entrepreneurship Development	`PaymentsForProceedsFromEntrepreneurshipDevelopment`	$299.10K	USD	2 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromInvestments`	-	USD	2 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromInvestments`	$-664.11K	USD	2 Qtrs
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$19.20K	USD	2 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$41.58K	USD	2 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$345.82K	USD	2 Qtrs
Proceeds from issuance of marginal loan payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of marginal loan payable	`ProceedsFromNotesPayable`	$33.68K	USD	2 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$25.69K	USD	2 Qtrs
Line of credit - long term - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-264.16K	USD	2 Qtrs
Line of credit - long term - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$15.96K	USD	2 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-230.48K	USD	2 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$41.66K	USD	2 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$60.64K	USD	2 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.61K	USD	2 Qtrs
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.27K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.88K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.27K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.27K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.88K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.27K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$62.00	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Shares issued to settle accounts payable	`StockIssued1`	-	USD	2 Qtrs
Shares issued to settle accruals - related parties	`SharesIssuedToSettleAccrualsRelatedParties`	-	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$899.28K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Issuance of common stock to employee	`StockIssuedDuringPeriodValueOfCommonStockToEmployee`	$30.77K	USD	Annual
Issuance of common stock to employee	`StockIssuedDuringPeriodValueOfCommonStockToEmployee`	-	USD	48 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.98K	USD	Annual
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalStockAcquisitionOfBusiness`	$70.37K	USD	Annual
Disposition of business	`DispositionOfBusiness`	$29.37K	USD	2 Qtrs
Net Income loss	`NetIncomeLoss`	$-73.90K	USD	2 Qtrs
Net Income loss	`NetIncomeLoss`	$-23.13K	USD	1 Quarter
Net Income loss	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income loss	`NetIncomeLoss`	$866.76K	USD	2 Qtrs
Net Income loss	`NetIncomeLoss`	$-36.99K	USD	Annual
Net Income loss	`NetIncomeLoss`	$416.49K	USD	1 Quarter
Ending balance	`StockholdersEquity`	-	USD	Point-in-time
Ending balance	`StockholdersEquity`	$899.28K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-6.22K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.