10-K Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-009873`
Period End Date	20211231
Filing Date	20220414
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 30 Cash Flow Statement 47 Stockholders Equity 19

Balance Sheet 65 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`	1.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$701.04K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$446.05K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$91.28K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	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`	$1.15M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Investments - real estate	`RealEstateInvestments`	$664.11K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	177.92M	shares	Point-in-time
Investments - real estate	`RealEstateInvestments`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	177.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	177.92M	shares	Point-in-time
Fixed assets - net	`FixedAssetNet`	$128.70K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	177.92M	shares	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$1.66M	USD	Point-in-time
Long term Notes Receivable	`LongTermNotesReceivable`	$200.00K	USD	Point-in-time
Mortgage Notes Receivable - related parties	`DueFromRelatedPartiesNoncurrent`	$2.61M	USD	Point-in-time
Long term Investments	`LongTermInvestments`	-	USD	Point-in-time
Long term Investments	`LongTermInvestments`	$1.85M	USD	Point-in-time
Total assets	`Assets`	$7.59M	USD	Point-in-time
Total assets	`Assets`	$764.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	-	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$2.81K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$23.66K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$115.00	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`	$71.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$24.46K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$588.86K	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`	$4.75M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$690.52K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$5.34M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$761.63K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 and 1,000,000 shares authorized, 1 issued and outstanding as at December 31, 2021 and 2020 respectively.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 and 1,000,000 shares authorized, 1 issued and outstanding as at December 31, 2021 and 2020 respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 and 1,200,000,000 and shares authorized, 177,922,436 and 177,922,436 issued and outstanding as at December 31, 2021 and 2020 respectively.	`CommonStockValue`	$177.92K	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 and 1,200,000,000 and shares authorized, 177,922,436 and 177,922,436 issued and outstanding as at December 31, 2021 and 2020 respectively.	`CommonStockValue`	$177.92K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$19.21M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$19.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.39M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$764.77K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.25M	USD	Annual
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.48M	USD	Annual
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$4.80M	USD	Annual
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.18M	USD	Annual
Gross profit	`GrossProfit`	$2.68M	USD	Annual
Gross profit	`GrossProfit`	$73.62K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$67.21K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$140.29K	USD	Annual
Professional fees	`ProfessionalFees`	$176.76K	USD	Annual
Professional fees	`ProfessionalFees`	$73.06K	USD	Annual
Advertising and promotions	`MarketingAndAdvertisingExpense`	$16.23K	USD	Annual
Advertising and promotions	`MarketingAndAdvertisingExpense`	$21.54K	USD	Annual
Interest expense	`InterestExpense`	$435.00	USD	Annual
Interest expense	`InterestExpense`	$2.96K	USD	Annual
Total operating expenses	`OperatingExpenses`	$309.96K	USD	Annual
Total operating expenses	`OperatingExpenses`	$159.46K	USD	Annual
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.37M	USD	Annual
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-85.84K	USD	Annual
Dividends	`InvestmentIncomeDividend`	$174.00	USD	Annual
Dividends	`InvestmentIncomeDividend`	$77.00	USD	Annual
Unrealized gain (loss)	`UnrealizedGainLoss`	$-163.74K	USD	Annual
Unrealized gain (loss)	`UnrealizedGainLoss`	$2.69K	USD	Annual
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income	`NetIncomeLoss`	-	USD	Annual
Net Income	`NetIncomeLoss`	-	USD	48 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	Annual
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	Annual
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	Annual
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	177.92M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Inventory Asset:Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-45.89K	USD	Annual
Inventory Asset:Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-354.84K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedExpense`	$800.00	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedExpense`	$2.81K	USD	Annual
Acquisition and Disposition adjustments	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	Annual
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.74K	USD	Annual
Depreciation	`Depreciation`	$2.30K	USD	Annual
Depreciation	`Depreciation`	$17.55K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.87M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-120.01K	USD	Annual
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-421.67K	USD	Annual
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	Annual
Lingstar Electric Vehicles Invt	`PaymentsToAcquireOtherInvestment`	$51.24K	USD	Annual
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$19.20K	USD	Annual
Long term Investments	`PaymentsForProceedsFromInvestments`	$-7.50K	USD	Annual
Long term Investments	`PaymentsForProceedsFromInvestments`	$1.85M	USD	Annual
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$75.81K	USD	Annual
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$429.17K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.99M	USD	Annual
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$23.55K	USD	Annual
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-4.20K	USD	Annual
Notes payable - related party	`ProceedsFromRelatedPartyDebt`	$122.43K	USD	Annual
Notes payable - related party	`ProceedsFromRelatedPartyDebt`	$5.07M	USD	Annual
Notes payable - Entrepreneurship Development	`RepaymentsOfNotesPayable`	$1.66M	USD	Annual
Notes payable - Entrepreneurship Development	`RepaymentsOfNotesPayable`	$643.69K	USD	Annual
Mortgage payable/receivable	`ProceedsFromRepaymentsOfNotesPayable`	$-2.61M	USD	Annual
Mortgage payable/receivable	`ProceedsFromRepaymentsOfNotesPayable`	$150.00K	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$55.70K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$821.77K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-319.76K	USD	Annual
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.60K	USD	Annual
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$699.41K	USD	Annual
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$701.04K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.23K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$701.04K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.23K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.94K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$463.00	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 19 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`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.23M	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	-	USD	48 Qtrs
Issuance of common stock to employee	`StockGrantedDuringPeriodValueSharebasedCompensation`	$30.77K	USD	Annual
Cumulative Restructuring adjustment	`CumulativeRestructuringAdjustment`	$-36.99K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.98K	USD	Annual
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalStockAcquisitionOfBusiness`	$70.37K	USD	Annual
Acquisition & Dispositions	`AcquisitionDispositions`	$19.02K	USD	Annual
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.23M	USD	Point-in-time

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