10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-023630`
Period End Date	20220630
Filing Date	20220819
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 56 Cash Flow Statement 55 Stockholders Equity 26

Balance Sheet 68 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`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$601.04K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.08K	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`	$412.75K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$446.05K	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`	$1.05M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$488.83K	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
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$132.66K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$128.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	182.37M	shares	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$4.38M	USD	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$1.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	182.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	182.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	182.37M	shares	Point-in-time
Long term Notes Receivable - related parties	`LongTermNotesReceivable`	$300.00K	USD	Point-in-time
Long term Notes Receivable - related parties	`LongTermNotesReceivable`	$102.00K	USD	Point-in-time
Mortgage Notes Receivable - related parties	`DueFromRelatedPartiesNoncurrent`	$2.66M	USD	Point-in-time
Mortgage Notes Receivable - related parties	`DueFromRelatedPartiesNoncurrent`	$2.61M	USD	Point-in-time
Long term Investments - related parties	`LongTermInvestments`	$1.85M	USD	Point-in-time
Long term Investments - related parties	`LongTermInvestments`	$2.07M	USD	Point-in-time
Total assets	`Assets`	$7.59M	USD	Point-in-time
Total assets	`Assets`	$9.83M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	-	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	-	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$23.66K	USD	Point-in-time
Line of credit - related party, current portion	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Line of credit - related party, current portion	`DueToRelatedPartiesCurrent`	-	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`	$1.28M	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`	$5.34M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$6.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.03M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at and June 30,2022 and December 31, 2021 respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at and June 30,2022 and December 31, 2021 respectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, 182,370,497 issued and outstanding as at June 30,2022 and December 31, 2021 respectively.	`CommonStockValue`	$182.37K	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, 182,370,497 issued and outstanding as at June 30,2022 and December 31, 2021 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`	$-15.59M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.23M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.80M	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 Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.83M	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`	$2.07M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.87M	USD	2 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.04M	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$983.11K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$3.59M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$3.80M	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$8.05M	USD	2 Qtrs
Gross profit	`GrossProfit`	$242.83K	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.82M	USD	2 Qtrs
Gross profit	`GrossProfit`	$-218.42K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$137.40K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.04K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$62.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.23K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$62.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$102.12K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$107.66K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$51.73K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$40.00	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$4.06K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$265.00	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.69K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$33.00	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$85.00	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$249.15K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$133.12K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$114.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$77.64K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$973.92K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-296.07K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57M	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$109.70K	USD	2 Qtrs
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$62.00	USD	2 Qtrs
Dividends	`InvestmentIncomeDividend`	$32.00	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$3.70K	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	$757.00K	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	$712.53K	USD	1 Quarter
Net Income	`ProfitLoss`	$973.92K	USD	1 Quarter
Net Income	`ProfitLoss`	$866.76K	USD	2 Qtrs
Net Income	`ProfitLoss`	$1.57M	USD	2 Qtrs
Net Income	`ProfitLoss`	$416.49K	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.00	USD	2 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
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	2 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	177.92M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$866.76K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-2.14M	USD	2 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$33.30K	USD	2 Qtrs
Other Accrued Liabilites	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.22M	USD	2 Qtrs
Other Accrued Liabilites	`IncreaseDecreaseInOtherAccruedLiabilities`	$-23.66K	USD	2 Qtrs
Depreciation	`Depreciation`	$30.04K	USD	2 Qtrs
Depreciation	`Depreciation`	$800.00	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.69K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61M	USD	2 Qtrs
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-664.11K	USD	2 Qtrs
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	2 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$299.10K	USD	2 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$-521.01K	USD	2 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$34.00K	USD	2 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$19.20K	USD	2 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	$222.82K	USD	2 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	-	USD	2 Qtrs
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	2 Qtrs
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$264.19K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$345.82K	USD	2 Qtrs
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$33.68K	USD	2 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-264.16K	USD	2 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.12K	USD	2 Qtrs
Notes payable - Entrepreneurship Development	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Notes payable - Entrepreneurship Development	`RepaymentsOfNotesPayable`	$3.04M	USD	2 Qtrs
Mortgage payable/receivable	`PaymentsForMortgageDeposits`	$46.25K	USD	2 Qtrs
Mortgage payable/receivable	`PaymentsForMortgageDeposits`	-	USD	2 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayable`	$575.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-230.48K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.50M	USD	2 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-623.31K	USD	2 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$60.64K	USD	2 Qtrs
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$699.39K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.08K	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`	$62.27K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$699.39K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.08K	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`	$62.27K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	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 accounts payable	`StockIssued1`	-	USD	2 Qtrs
Shares issued to settle accruals - related parties	`SharesIssuedToSettleAccrualsRelatedParties`	-	USD	2 Qtrs
Shares issued to settle accruals - related parties	`SharesIssuedToSettleAccrualsRelatedParties`	-	USD	2 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.23M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income for the period	`NetIncomeLoss`	$866.76K	USD	2 Qtrs
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`	-	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.98K	USD	Annual
Issuance of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	4.45M	shares	2 Qtrs
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalStockAcquisitionOfBusiness`	$70.37K	USD	Annual
Acquisition & Dispositions	`AcquisitionDispositions`	$19.02K	USD	Annual
Acquisition & Dispositions	`AcquisitionDispositions`	$-1.65K	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$2.23M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time

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