10-Q Filing

VIDEO RIVER NETWORKS, INC. CIK: 1084475 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-040413`
Period End Date	20230930
Filing Date	20231113
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 72 Cash Flow Statement 45 Stockholders Equity 30

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`	$19.46K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$143.20K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$2.88K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$207.78K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$22.34K	USD	Point-in-time
Accrued Interest Receivable	`InterestReceivable`	$118.92K	USD	Point-in-time
Accrued Interest Receivable	`InterestReceivable`	$85.38K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$58.10K	USD	Point-in-time
Fixed assets - net	`PropertyPlantAndEquipmentNet`	$101.08K	USD	Point-in-time
Total assets	`Assets`	$4.33M	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`	$419.98K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$673.76K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$419.98K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$673.76K	USD	Point-in-time
Total Liabilities	`Liabilities`	$676.16K	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 September 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 September 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 September 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 September 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`	$-15.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.39M	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`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.23M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.42M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.33M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.28M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.14M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.04M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$-18.79K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$871.09K	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$258.67K	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$442.06K	USD	1 Quarter
Gross profit	`GrossProfit`	$-18.79K	USD	1 Quarter
Gross profit	`GrossProfit`	$594.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$876.91K	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.41M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$72.73K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$213.61K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$32.52K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$109.89K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$25.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$135.32K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$108.76K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$27.67K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.08K	USD	3 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$120.00	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$114.00	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$100.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$218.76K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$350.05K	USD	3 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$493.60K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.06M	USD	3 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$658.15K	USD	3 Qtrs
Income (loss) from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-77.19K	USD	1 Quarter
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	3 Qtrs
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	3 Qtrs
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	1 Quarter
Dividends	`OtherNonoperatingIncomeExpenseDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLoss`	$3.70K	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLoss`	-	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$493.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$658.15K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	-	USD	Annual
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$-77.19K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$767.12K	USD	Annual
Net Income	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income	`NetIncomeLoss`	$2.07M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	-	USD	48 Qtrs
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`	$0.01	USD	3 Qtrs
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$0.00	USD	3 Qtrs
Earnings (loss) per Share: Basic	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
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`	$0.01	USD	3 Qtrs
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Earnings (loss) per Share:Diluted	`EarningsPerShareDiluted`	$0.00	USD	3 Qtrs
Weighted Average Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.37M	shares	3 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	3 Qtrs
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	3 Qtrs
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	3 Qtrs
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	182.37M	shares	Annual

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$493.60K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$658.15K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-77.19K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$767.12K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.21M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.07M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	-	USD	48 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$140.32K	USD	3 Qtrs
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$242.15K	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-23.54K	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-59.75K	USD	3 Qtrs
Depreciation	`Depreciation`	$42.98K	USD	3 Qtrs
Depreciation	`Depreciation`	$46.77K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$817.90K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30M	USD	3 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$-496.33K	USD	3 Qtrs
Entrepreneurship Development	`ProceedsAndPaymentsForEntrepreneurshipDevelopment`	$3.51M	USD	3 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Crypto and Digital Assets	`PaymentsToAcquireIntangibleAssets`	$34.00K	USD	3 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	-	USD	3 Qtrs
Long term Investments	`PaymentsForProceedsFromInvestments`	$447.48K	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`	$496.33K	USD	3 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$113.12K	USD	3 Qtrs
Notes payable - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-166.76K	USD	3 Qtrs
Notes payable - Long Term	`ProceedsFromRepaymentsOfNotesPayable`	$-1.44M	USD	3 Qtrs
Notes payable - Long Term	`ProceedsFromRepaymentsOfNotesPayable`	$575.00K	USD	3 Qtrs
Notes payable - others	`ProceedsFromOtherShortTermDebt`	$242.78K	USD	3 Qtrs
Notes payable - others	`ProceedsFromOtherShortTermDebt`	$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`	$-1.36M	USD	3 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-45.12K	USD	3 Qtrs
Net increase (decrease) in cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-508.87K	USD	3 Qtrs
Cash at the beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.46K	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 beginning of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.58K	USD	Point-in-time
Cash at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.46K	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 at the end of the period:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.58K	USD	Point-in-time
Cash paid for interest, tax, etc.	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest, tax, etc.	`InterestPaidNet`	-	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$3.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.99M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.23M	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	$493.60K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$658.15K	USD	3 Qtrs
Net income for the period	`NetIncomeLoss`	-	USD	Annual
Net income for the period	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income for the period	`NetIncomeLoss`	$-77.19K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$767.12K	USD	Annual
Net income for the period	`NetIncomeLoss`	$2.21M	USD	Annual
Net income for the period	`NetIncomeLoss`	$2.07M	USD	3 Qtrs
Net income for the period	`NetIncomeLoss`	-	USD	48 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	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$19.02K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.65K	USD	Annual
Acquisition & Dispositions	`AdjustmentsToAdditionalPaidInCapitalOther`	$70.37K	USD	Annual
Balance	`StockholdersEquity`	$-6.22K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$3.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.99M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.23M	USD	Point-in-time

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