10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-033152`
Period End Date	20220930
Filing Date	20221121
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 59 Cash Flow Statement 48 Stockholders Equity 28

Balance Sheet 66 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`	$90.53K	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`	$446.05K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$203.90K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.05M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$294.43K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$128.70K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$146.66K	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
Common stock, shares issued	`CommonStockSharesIssued`	182.37M	shares	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$5.37M	USD	Point-in-time
Notes Receivable Entrepreneurship Development	`NotesAndLoansReceivableNetNoncurrent`	$1.66M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	182.37M	shares	Point-in-time
Long term Notes Receivable - related parties	`NotesReceivableRelatedPartiesNoncurrent`	$300.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	177.92M	shares	Point-in-time
Long term Notes Receivable - related parties	`NotesReceivableRelatedPartiesNoncurrent`	$102.00K	USD	Point-in-time
Other Notes Receivable - related parties	`NotesReceivableRelatedParties`	$2.69M	USD	Point-in-time
Other Notes Receivable - related parties	`NotesReceivableRelatedParties`	$2.61M	USD	Point-in-time
Long term Investments - related parties	`LongTermInvestments`	$2.22M	USD	Point-in-time
Long term Investments - related parties	`LongTermInvestments`	$1.85M	USD	Point-in-time
Total assets	`Assets`	$7.59M	USD	Point-in-time
Total assets	`Assets`	$10.82M	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
Total Current Liabilities	`LiabilitiesCurrent`	$800.00	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`	$1.28M	USD	Point-in-time
Line of credit - related party, net of current portion	`DueToRelatedPartiesNoncurrent`	$5.25M	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`	$6.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.36M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.53M	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at September 30, 2022 and December 31, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at September 30, 2022 and December 31, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, 182,370,497 and 177,922,436 issued and outstanding as at September 30, 2022 and December 31, 2021 respectively.	`CommonStockValue`	$177.92K	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, 182,370,497 and 177,922,436 issued and outstanding as at September 30, 2022 and December 31, 2021 respectively.	`CommonStockValue`	$182.37K	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`	$-15.09M	USD	Point-in-time
Minority Interest	`MinorityInterest`	-	USD	Point-in-time
Minority Interest	`MinorityInterest`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$10.82M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$7.59M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.04M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.04M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.91M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.00M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$4.86M	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.06M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$8.49M	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$442.06K	USD	1 Quarter
Gross profit	`GrossProfit`	$939.64K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.18M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$594.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$213.61K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$60.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$98.35K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$73.01K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$135.32K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$40.56K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$27.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$135.26K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.08K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$120.00	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.77K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$85.00	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.10K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$463.00	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$350.05K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$100.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$235.85K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$102.97K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$946.54K	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.06M	USD	3 Qtrs
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$836.66K	USD	1 Quarter
Income from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$493.60K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$62.00	USD	3 Qtrs
Dividends	`InvestmentIncomeDividend`	-	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	$3.70K	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	$71.00	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$-756.93K	USD	1 Quarter
Net Income	`NetIncomeLoss`	-	USD	Annual
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$493.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$79.73K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income	`NetIncomeLoss`	-	USD	48 Qtrs
Net Income	`NetIncomeLoss`	$2.07M	USD	3 Qtrs
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
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	3 Qtrs
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	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$493.60K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$79.73K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$2.07M	USD	3 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$242.15K	USD	3 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$54.11K	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.26K	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-59.75K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$46.77K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$998.53K	USD	3 Qtrs
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$46.25K	USD	3 Qtrs
Real estate investment - net	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-664.11K	USD	3 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$2.97M	USD	3 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$3.51M	USD	3 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$19.20K	USD	3 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$34.00K	USD	3 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	$27.27K	USD	3 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	$370.49K	USD	3 Qtrs
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	3 Qtrs
Fixed Assets - other	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$30.73K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.99M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	3 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$113.12K	USD	3 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.38M	USD	3 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayable`	$575.00K	USD	3 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayable`	$192.67K	USD	3 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayableLongTerm`	-	USD	3 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayableLongTerm`	$500.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.19M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	3 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$217.08K	USD	3 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-508.87K	USD	3 Qtrs
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.71K	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`	$90.53K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$599.39K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.71K	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`	$90.53K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$599.39K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$38.00	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income for the period	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net income for the period	`NetIncomeLoss`	$493.60K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$79.73K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Net income for the period	`NetIncomeLoss`	-	USD	48 Qtrs
Net income for the period	`NetIncomeLoss`	$2.07M	USD	3 Qtrs
Issuance of common stock to employee	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$30.77K	USD	Annual
Cumulative Restructuring adjustment	`CumulativeRestructuringAdjustment`	$-36.99K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.98K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	3 Qtrs
Issuance of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	4.45M	shares	3 Qtrs
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalStockAcquisitionOfBusiness`	$70.37K	USD	Annual
Acquisition & Dispositions	`AcquisitionDispositions`	$-1.65K	USD	3 Qtrs
Acquisition & Dispositions	`AcquisitionDispositions`	$19.02K	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time

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