Video River Networks Files Q1 2024 10-Q
Ticker: NIHK · Form: 10-Q · Filed: May 20, 2024 · CIK: 1084475
| Field | Detail |
|---|---|
| Company | Video River Networks, Inc. (NIHK) |
| Form Type | 10-Q |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001, $1, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, real-estate, corporate-filing
Related Tickers: NIHK
TL;DR
NIHK filed its Q1 10-Q. Real estate biz, NV corp.
AI Summary
Video River Networks, Inc. filed a 10-Q for the period ending March 31, 2024. The company, formerly known as Nighthawk Systems Inc., is incorporated in Nevada and operates in the real estate sector. Its business address is in Las Vegas, NV.
Why It Matters
This filing provides investors with an update on the company's financial performance and operational status for the first quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented.
Key Players & Entities
- Video River Networks, Inc. (company) — Filer
- Nighthawk Systems Inc. (company) — Former company name
- 20240331 (date) — Reporting period end date
- 20240520 (date) — Filing date
- Las Vegas, NV (location) — Business address
FAQ
What is the primary business of Video River Networks, Inc.?
Video River Networks, Inc. is classified under Standard Industrial Classification as Real Estate [6500].
When was Video River Networks, Inc. formerly known as?
The company was formerly known as Nighthawk Systems Inc., with a name change date of July 11, 2003.
What is the state of incorporation for Video River Networks, Inc.?
Video River Networks, Inc. is incorporated in Nevada (NV).
What is the fiscal year end for Video River Networks, Inc.?
The fiscal year end for Video River Networks, Inc. is December 31 (1231).
What is the business address of Video River Networks, Inc.?
The business address is 1333 N. Buffalo Dr., Suite 210, Las Vegas, NV 89128.
Filing Stats: 4,470 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2024-05-20 13:18:21
Key Financial Figures
- $0.001 — Section 12(g) of the Act: COMMON STOCK, $0.001 PAR VALUE Indicate by check mark if t
- $1 — er before being sold to the Company for $1. Thereafter CED Capital became an opera
- $50,000 — company for Fifty Thousand and 00/100 ($50,000/00) Dollars, to Community Economic Deve
Filing Documents
- form10-q.htm (10-Q) — 895KB
- ex31-1.htm (EX-31.1) — 14KB
- ex31-2.htm (EX-31.2) — 14KB
- ex32-1.htm (EX-32.1) — 8KB
- 0001493152-24-020613.txt ( ) — 4053KB
- nihk-20240331.xsd (EX-101.SCH) — 28KB
- nihk-20240331_cal.xml (EX-101.CAL) — 38KB
- nihk-20240331_def.xml (EX-101.DEF) — 121KB
- nihk-20240331_lab.xml (EX-101.LAB) — 219KB
- nihk-20240331_pre.xml (EX-101.PRE) — 191KB
- form10-q_htm.xml (XML) — 516KB
– FINANCIAL INFORMATION
PART I. – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 37
Controls and Procedures
Item 4. Controls and Procedures 38
– OTHER INFORMATION
PART II. – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 39
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 41
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 41
Other Information
Item 5. Other Information 41
Exhibits
Item 6. Exhibits 41
Signatures
Signatures 42 PART I – FINANCIAL INFORMATION Item 1. Financial Statements Condensed Consolidated Balance Sheets As of March 31, 2024 (unaudited) and December 31, 2023 (audited) 3 Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Shareholders' Deficit (Equity) as at March 31, 2022 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (unaudited) 6 Notes to the condensed consolidated financial statements (unaudited) 7 2 VIDEO RIVER NETWORKS INC CONSOLIDATED BALANCE SHEETS March 31, 2024 December 31, 2023 ASSETS Current Assets: Cash and cash equivalents $ 1,920 $ 7,009 Investments - trading securities - 2,569 Total Current Assets 1,920 9,578 Accrued Interest Receivable $ - $ 182,125 Investments - unrelated parties - 30,000 Fixed assets - net - 40,086 Notes Receivable Entrepreneurship Development - 1,579,420 Long term Notes Receivable - related parties - 1,815,676 Long term Investments - related parties - 163,513 Installment Receivable 1,562,067 - Total assets 1,563,987 3,820,398 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accrued expenses $ - 3,200 Other current liabilities 2,200 - Total Current Liabilities $ 2,200 $ 3,200 Long-Term Liabilities: Notes payable $ 32,302 $ 326,584 Line of credit - - Total Long-Term Liabilities 32,302 326,584 Total Liabilities $ 34,502 $ 329,784 STOCKHOLDERS' EQUITY (DEFICIT) Preferred stock, $ .001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at March 31, 2024 and December 31, 2023 $ - $ - Common Stock, $ 0.001 par value, 200,000,000 shares authorized, 182,370,497 issued and outstanding as at March 31, 2024 and December 31, 2023. 182,370 182,370 Additional paid in capital 19,206,627 19,206,627 Accumulated defici