10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-029543`
Period End Date	20230630
Filing Date	20230821
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 67 Cash Flow Statement 44 Stockholders Equity 28

Balance Sheet 55 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`	$64.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.95K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$143.20K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$54.71K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$207.78K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$62.66K	USD	Point-in-time
Accrued Interest Receivable	`InterestReceivable`	$85.38K	USD	Point-in-time
Accrued Interest Receivable	`InterestReceivable`	$118.92K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$101.08K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$72.85K	USD	Point-in-time
Total assets	`Assets`	$4.24M	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`	$2.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.40K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$505.93K	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`	$505.93K	USD	Point-in-time
Total Liabilities	`Liabilities`	$423.38K	USD	Point-in-time
Total Liabilities	`Liabilities`	$508.33K	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at June 30, 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 June 30, 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 June 30, 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 June 30, 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`	$-15.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.39M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	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`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.73M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.24M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.42M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.15M	USD	2 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.42M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.46M	USD	2 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$773.44K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$258.67K	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$329.51K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$198.57K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$637.88K	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.82M	USD	2 Qtrs
Gross profit	`GrossProfit`	$574.87K	USD	1 Quarter
Gross profit	`GrossProfit`	$895.70K	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$62.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$39.77K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$137.40K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$63.03K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$79.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$51.73K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$107.66K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$91.88K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$265.00	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$4.06K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$468.00	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$354.00	USD	1 Quarter
Business Licenses	`BusinessLicenses`	-	USD	1 Quarter
Business Licenses	`BusinessLicenses`	$2.25K	USD	1 Quarter
Business Licenses	`BusinessLicenses`	$38.00	USD	2 Qtrs
Business Licenses	`BusinessLicenses`	$4.99K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$160.37K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$249.15K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$121.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$114.14K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$735.33K	USD	2 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$453.42K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$973.92K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57M	USD	2 Qtrs
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	2 Qtrs
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	1 Quarter
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	2 Qtrs
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$3.70K	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Net Income	`ProfitLoss`	$453.42K	USD	1 Quarter
Net Income	`ProfitLoss`	$735.33K	USD	2 Qtrs
Net Income	`ProfitLoss`	$1.57M	USD	2 Qtrs
Net Income	`ProfitLoss`	$973.92K	USD	1 Quarter
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$0.01	USD	Annual
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$0.00	USD	2 Qtrs
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$0.00	USD	1 Quarter
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$0.00	USD	2 Qtrs
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	2 Qtrs
Weighted Average Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	Annual
Weighted Average Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	2 Qtrs
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	2 Qtrs
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	Annual
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$735.33K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$767.12K	USD	Annual
Inventory Asset:Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$33.30K	USD	2 Qtrs
Inventory Asset:Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$98.49K	USD	2 Qtrs
Other Accrued Liabilites	`IncreaseDecreaseInOtherAccruedLiabilities`	$-23.66K	USD	2 Qtrs
Other Accrued Liabilites	`IncreaseDecreaseInOtherAccruedLiabilities`	$-33.54K	USD	2 Qtrs
Depreciation	`Depreciation`	$28.23K	USD	2 Qtrs
Depreciation	`Depreciation`	$30.04K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$828.51K	USD	2 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireIntangibleAssets`	$34.00K	USD	2 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	$-321.05K	USD	2 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	$1.32M	USD	Annual
Long term Investments	`PaymentsForProceedsFromInvestments`	$222.82K	USD	2 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$-143.86K	USD	2 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$-521.01K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$464.90K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$264.19K	USD	2 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$25.47K	USD	2 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.12K	USD	2 Qtrs
Notes payable - Entrepreneurship Development	`ProceedsFromRepaymentsOfNotesPayable`	$-1.43M	USD	2 Qtrs
Notes payable - Entrepreneurship Development	`ProceedsFromRepaymentsOfNotesPayable`	$-3.04M	USD	2 Qtrs
Mortgage payable/receivable	`ProceedsFromRepaymentsOfFirstMortgageBond`	$-46.25K	USD	2 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayable`	$49.49K	USD	2 Qtrs
Notes payable - Long Term	`ProceedsFromNotesPayable`	$575.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.50M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.35M	USD	2 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-623.31K	USD	2 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-56.63K	USD	2 Qtrs
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.58K	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`	$699.39K	USD	Point-in-time
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.95K	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`	$76.08K	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`	$7.95K	USD	Point-in-time
Cash paid for interest, tax, others.	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest, tax, others.	`InterestPaidNet`	-	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.73M	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Net income for the period	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
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`	$735.33K	USD	2 Qtrs
Net income for the period	`NetIncomeLoss`	$767.12K	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`	$-1.65K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$19.02K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$70.37K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.22K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.73M	USD	Point-in-time

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