10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-018066`
Period End Date	20230331
Filing Date	20230518
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 26 Cash Flow Statement 47 Stockholders Equity 28

Balance Sheet 59 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	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
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`	182.37M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.92K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.58K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$143.20K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$93.35K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$113.27K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$207.78K	USD	Point-in-time
Accrued Interest Receivable	`InterestReceivable`	$102.94K	USD	Point-in-time
Accrued Interest Receivable	`InterestReceivable`	$85.38K	USD	Point-in-time
Investments - unrelated parties	`Investments`	$30.00K	USD	Point-in-time
Investments - unrelated parties	`Investments`	$30.00K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$101.08K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$87.60K	USD	Point-in-time
Long term Investments - related parties	`OtherReceivableAfterAllowanceForCreditLossNoncurrent`	$553.31K	USD	Point-in-time
Long term Investments - related parties	`OtherReceivableAfterAllowanceForCreditLossNoncurrent`	$453.33K	USD	Point-in-time
Total assets	`Assets`	$3.75M	USD	Point-in-time
Total assets	`Assets`	$3.42M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.40K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$467.60K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$419.98K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$419.98K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$467.60K	USD	Point-in-time
Total Liabilities	`Liabilities`	$470.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$423.38K	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at March 31, 2023 and December 31, 2022 respectively.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at March 31, 2023 and December 31, 2022 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 March 31, 2023 and December 31, 2022 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 March 31, 2023 and December 31, 2022 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`	$-16.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.39M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.28M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.42M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.75M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$380.93K	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.04M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$308.37K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$60.10K	USD	1 Quarter
Gross profit	`GrossProfit`	$730.58K	USD	1 Quarter
Gross profit	`GrossProfit`	$320.83K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.11K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$79.09K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$55.92K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.92K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$135.02K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$281.91K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$595.56K	USD	1 Quarter
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	1 Quarter
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$3.70K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Net Income	`ProfitLoss`	$281.91K	USD	1 Quarter
Net Income	`ProfitLoss`	$599.26K	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.00	USD	Annual
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	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`	182.37M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$767.12K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$281.91K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$599.26K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$49.85K	USD	1 Quarter
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-5.35K	USD	1 Quarter
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-17.56K	USD	1 Quarter
Depreciation	`Depreciation`	$13.48K	USD	1 Quarter
Depreciation	`Depreciation`	$15.02K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$327.68K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$608.93K	USD	1 Quarter
Crypto and Digital Assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Crypto and Digital Assets	`PaymentsToAcquireIntangibleAssets`	$34.00K	USD	1 Quarter
Long term Investments	`PaymentsForProceedsFromInvestments`	$-99.99K	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`	$99.99K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.37K	USD	1 Quarter
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-23.66K	USD	1 Quarter
Borrowing from brokerage loan - margin loan	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$306.75K	USD	1 Quarter
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$47.62K	USD	1 Quarter
Notes payable - Entrepreneurship Development	`ProceedsFromRepaymentsOfNotesPayable`	$71.22K	USD	1 Quarter
Notes payable - Entrepreneurship Development	`ProceedsFromRepaymentsOfNotesPayable`	$-44.95K	USD	1 Quarter
Mortgage payable/receivable	`ProceedsFromRepaymentsOfFirstMortgageBond`	$-99.00K	USD	1 Quarter
Notes payable - Long Term	`RepaymentsOfNotesPayable`	$1.35M	USD	1 Quarter
Notes payable - Long Term	`RepaymentsOfNotesPayable`	$475.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.09M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-472.33K	USD	1 Quarter
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-44.66K	USD	1 Quarter
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-626.14K	USD	1 Quarter
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.92K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.58K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$701.04K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$74.90K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.92K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.58K	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`	$74.90K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$38.00	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.28M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	$767.12K	USD	Annual
Net income for the period	`NetIncomeLoss`	$281.91K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$599.26K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income for the period	`NetIncomeLoss`	-	USD	48 Qtrs
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Issuance of common stock to employee	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$30.77K	USD	Annual
Cumulative Restructuring adjustment	`CumulativeRestructuringAdjustment`	$-36.99K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.98K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$19.02K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.65K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$70.37K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.28M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time

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