10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-013444`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 32 Cash Flow Statement 47 Stockholders Equity 24

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`	10.00M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$601.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.90K	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
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$446.05K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$449.75K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.05M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$523.65K	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
Fixed assets - net	`FixedAssetNet`	$128.70K	USD	Point-in-time
Fixed assets - net	`FixedAssetNet`	$147.68K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	177.92M	shares	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$2.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	177.92M	shares	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$1.66M	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
Long term Notes Receivable - related parties	`LongTermNotesReceivable`	$102.00K	USD	Point-in-time
Long term Notes Receivable - related parties	`LongTermNotesReceivable`	$300.00K	USD	Point-in-time
Mortgage Notes Receivable - related parties	`DueFromRelatedPartiesNoncurrent`	$2.61M	USD	Point-in-time
Mortgage Notes Receivable - related parties	`DueFromRelatedPartiesNoncurrent`	$2.60M	USD	Point-in-time
Long term Investments - related parties	`LongTermInvestments`	$1.85M	USD	Point-in-time
Long term Investments - related parties	`LongTermInvestments`	$1.95M	USD	Point-in-time
Total assets	`Assets`	$7.59M	USD	Point-in-time
Total assets	`Assets`	$8.27M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$23.66K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$23.66K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$24.46K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$800.00	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$588.86K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$689.86K	USD	Point-in-time
Line of credit - related party, net of current portion	`DueToRelatedPartiesNoncurrent`	$4.75M	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`	$5.44M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$5.34M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.44M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.36M	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at March 31, 2022 and December 31, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at March 31, 2022 and December 31, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 and 200,000,000 and shares authorized, 177,922,436 and 177,922,436 issued and outstanding as at March 31, 2022 and December 31, 2021	`CommonStockValue`	$177.92K	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 and 200,000,000 and shares authorized, 177,922,436 and 177,922,436 issued and outstanding as at March 31, 2022 and December 31, 2021	`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`	$-16.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.16M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.23M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.83M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.14K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$8.27M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$665.67K	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.80M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$7.07M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$204.41K	USD	1 Quarter
Gross profit	`GrossProfit`	$461.25K	USD	1 Quarter
Gross profit	`GrossProfit`	$730.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$78.26K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$58.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$55.92K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.65K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$798.00	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$76.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$135.02K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$595.57K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$384.56K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$30.00	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$3.70K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$44.47K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$599.26K	USD	1 Quarter
Net Income	`NetIncomeLoss`	-	USD	48 Qtrs
Net Income	`NetIncomeLoss`	$429.06K	USD	1 Quarter
Net Income	`NetIncomeLoss`	-	USD	Annual
Net Income	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	177.92M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	177.92M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$599.26K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$429.06K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-296.09K	USD	1 Quarter
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-5.35K	USD	1 Quarter
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.51K	USD	1 Quarter
Depreciation	`Depreciation`	$15.02K	USD	1 Quarter
Depreciation	`Depreciation`	$809.00	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.28K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$608.93K	USD	1 Quarter
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$10.73K	USD	1 Quarter
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	1 Quarter
Lingstar Electric Vehicles Invt	`PaymentsToAcquireOtherInvestment`	-	USD	1 Quarter
Crypto and Digital Assets	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$9.20K	USD	1 Quarter
Crypto and Digital Assets	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$34.00K	USD	1 Quarter
Long term Investments	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Long term Investments	`PaymentsForProceedsFromInvestments`	$106.37K	USD	1 Quarter
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.37K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.93K	USD	1 Quarter
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$422.00	USD	1 Quarter
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-23.66K	USD	1 Quarter
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$306.75K	USD	1 Quarter
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-34.37K	USD	1 Quarter
Notes payable - Entrepreneurship Development	`ProceedsFromNotesPayable`	$71.22K	USD	1 Quarter
Mortgage payable/receivable	`ProceedsFromRepaymentsOfNotesPayable`	$-99.00K	USD	1 Quarter
Notes payable - Long Term	`RepaymentsOfLongTermDebt`	$1.35M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.95K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.09M	USD	1 Quarter
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$87.39K	USD	1 Quarter
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-626.14K	USD	1 Quarter
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$701.04K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.02K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$74.90K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	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`	$89.02K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$74.90K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$38.00	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.46K	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$2.23M	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`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.83M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	$599.26K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	-	USD	48 Qtrs
Net income for the period	`NetIncomeLoss`	$429.06K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Net income for the period	`NetIncomeLoss`	$-82.98K	USD	Annual
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`	$-1.65K	USD	1 Quarter
Acquisition & Dispositions	`AcquisitionDispositions`	$19.02K	USD	Annual
Ending balance, value	`StockholdersEquity`	$2.23M	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`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.83M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time

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