10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-028500`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 63 Cash Flow Statement 52 Stockholders Equity 22

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`	$218.71K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	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 outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$91.28K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$22.11K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$92.91K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$240.82K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.27K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Investments - real estate	`LongTermInvestments`	-	USD	Point-in-time
Investments - real estate	`LongTermInvestments`	$664.11K	USD	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
Entrepreneurship Development	`EntrepreneurshipDevelopment`	$2.97M	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`	$764.77K	USD	Point-in-time
Total assets	`Assets`	$3.28M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$1.60K	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$2.81K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$115.00	USD	Point-in-time
Line of credit - related party, current portion	`DueToRelatedPartiesCurrent`	$10.00K	USD	Point-in-time
Line of credit - related party, current portion	`DueToRelatedPartiesCurrent`	$63.63K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.60K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.10K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$903.25K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$150.00K	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`	$1.38M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$2.29M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$690.52K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.30M	USD	Point-in-time
Total Liabilities	`Liabilities`	$761.63K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at September 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 September 30, 2021 and December 31, 2020 respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, and 177,922,436 issued and outstanding as at September 30, 2021 and December 31, 2020 respectively.	`CommonStockValue`	$177.92K	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, and 177,922,436 issued and outstanding as at September 30, 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`	$-18.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.39M	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$440.63K	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$1.41K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$979.19K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.28M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$764.77K	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Sales under trading securities	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.04M	USD	3 Qtrs
Sales under trading securities	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.30M	USD	3 Qtrs
Sales under trading securities	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.04K	USD	1 Quarter
Sales under trading securities	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.00M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.04M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.30M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.04K	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.00M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.06M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.18M	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$4.86M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.04K	USD	1 Quarter
Gross profit	`GrossProfit`	$125.05K	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.18M	USD	3 Qtrs
Gross profit	`GrossProfit`	$939.63K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$60.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$47.22K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$98.35K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.56K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$135.26K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$11.22K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$66.06K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$16.32K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.77K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.60K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$85.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$463.00	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.10K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$235.85K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$129.61K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$22.35K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.97K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$946.54K	USD	3 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.31K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.56K	USD	3 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$836.66K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$62.00	USD	3 Qtrs
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$173.00	USD	3 Qtrs
Dividends	`InvestmentIncomeDividend`	$152.00	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$71.00	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	$-39.36K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$-756.93K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$-128.23K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$79.73K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$-132.62K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	-	USD	Annual
Net Income	`NetIncomeLoss`	$-36.99K	USD	Annual
Net Income	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$-42.67K	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	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	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$79.73K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-132.62K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-36.99K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-42.67K	USD	1 Quarter
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$22.43K	USD	3 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$54.11K	USD	3 Qtrs
Depreciation	`Depreciation`	$4.30K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Other Accrued Liabilities	`OtherAccruedLiabilities`	$-2.26K	USD	3 Qtrs
Other Accrued Liabilities	`OtherAccruedLiabilities`	$1.52K	USD	3 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-104.36K	USD	3 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$998.53K	USD	3 Qtrs
Entrepreneurship Development	`PaymentsForProceedsFromEntrepreneurshipDevelopment`	$2.97M	USD	3 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-664.11K	USD	3 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$439.41K	USD	3 Qtrs
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$19.20K	USD	3 Qtrs
Receipt from sales of real estate investment	`CostOfRealEstateSales`	$922.16K	USD	3 Qtrs
Receipt from sales of other investment	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$41.58K	USD	3 Qtrs
Lingstar Electric Vehicles Invt	`LingstarElectricVehiclesInvt`	$-27.27K	USD	3 Qtrs
Lingstar Electric Vehicles Invt	`LingstarElectricVehiclesInvt`	-	USD	3 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	3 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$524.33K	USD	3 Qtrs
Proceeds from issuance of marginal loan payable	`ProceedsFromNotesPayable`	$1.21K	USD	3 Qtrs
Proceeds from issuance of marginal loan payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Line of credit - short term - related party	`LineOfCreditShortTermRelatedParty`	$122.43K	USD	3 Qtrs
Line of credit - short term - related party	`LineOfCreditShortTermRelatedParty`	$192.67K	USD	3 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$25.70K	USD	3 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Line of credit - long term - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$150.00K	USD	3 Qtrs
Long term liabilities - related party	`LongTermLiabilitiesRelatedParty`	$1.38M	USD	3 Qtrs
Long term liabilities - related party	`LongTermLiabilitiesRelatedParty`	$-726.19K	USD	3 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	3 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-426.86K	USD	3 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.89K	USD	3 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$217.08K	USD	3 Qtrs
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.23K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.34K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.71K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.23K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.34K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.71K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$62.00	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$115.00	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Shares issued to settle accounts payable	`StockIssued1`	-	USD	3 Qtrs
Shares issued to settle accruals - related parties	`SharesIssuedToSettleAccrualsRelatedParties`	-	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$979.19K	USD	Point-in-time
Net Income	`NetIncomeLoss`	$79.73K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$-132.62K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	-	USD	Annual
Net Income	`NetIncomeLoss`	$-36.99K	USD	Annual
Net Income	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$-42.67K	USD	1 Quarter
Issuance of common stock to employee	`StockIssuedDuringPeriodValueOfCommonStockToEmployee`	$30.77K	USD	Annual
Beginning balance, shares	`StockIssuedDuringPeriodSharesOfCommonStockToEmployee`	30.77M	shares	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.98K	USD	Annual
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalStockAcquisitionOfBusiness`	$70.37K	USD	Annual
Disposition of business	`DispositionOfBusiness`	$29.37K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$979.19K	USD	Point-in-time

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