Video River Networks Files Q2 2024 10-Q

TL;DR

Video River Networks (NIHK) filed its Q2 2024 10-Q. Real estate sector. NV incorporated.

AI Summary

Video River Networks, Inc. filed its 10-Q for the period ending June 30, 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 an update on Video River Networks' financial performance and operational status for the second quarter of 2024, which is crucial for investors to assess the company's current standing.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new disclosures.

Key Numbers

• Q2 2024 — Reporting Period (The period covered by the 10-Q filing.)
• June 30, 2024 — End of Period Date (The specific date up to which financial information is reported.)
• August 15, 2024 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Video River Networks, Inc. (company) — Filer of the 10-Q
• Nighthawk Systems Inc. (company) — Former name of Video River Networks, Inc.
• 20240630 (date) — End of reporting period
• 20240815 (date) — Filing date
• Las Vegas, NV (location) — Business and mailing address

FAQ

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) — 733KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-24-032600.txt ( ) — 3825KB
• nihk-20240630.xsd (EX-101.SCH) — 29KB
• nihk-20240630_cal.xml (EX-101.CAL) — 39KB
• nihk-20240630_def.xml (EX-101.DEF) — 129KB
• nihk-20240630_lab.xml (EX-101.LAB) — 224KB
• nihk-20240630_pre.xml (EX-101.PRE) — 199KB
• form10-q_htm.xml (XML) — 460KB

– 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 25

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 40

Controls and Procedures

Item 4. Controls and Procedures 40

– OTHER INFORMATION

PART II. – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 42

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 43

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 43

Other Information

Item 5. Other Information 43

Exhibits

Item 6. Exhibits 43

Signatures

Signatures 44 PART I – FINANCIAL INFORMATION Item 1. Financial Statements Condensed Consolidated Balance Sheets As of June 30, 2024 (unaudited) and December 31, 2023 (audited) 3 Condensed Consolidated Statements of Operations for the three months ended June 30, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Shareholders' Deficit (Equity) as at June 30, 2024 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2024 and 2023 (unaudited) 6 Notes to the condensed consolidated financial statements (unaudited) 7 2 VIDEO RIVER NETWORKS INC CONSOLIDATED BALANCE SHEETS June 30, 2024 December 31, 2023 ASSETS Current Assets: Cash and cash equivalents $ 535 $ 7,009 Investments - trading securities - 2,569 Total Current Assets 535 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 1,562,602 3,820,398 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accrued expenses $ - 3,200 Other current libilities 1,100 - Total Current Liabilities $ 1,100 $ 3,200 Long-Term Liabilities: Notes payable $ 68,306 $ 326,584 Line of credit - - Total Long-Term Liabilities 68,306 326,584 Total Liabilities $ 69,406 $ 329,784 STOCKHOLDERS' EQUITY (DEFICIT) Preferred stock, $ .001 par value, 1,000,000 shares authorized, 1 issued and outstanding as at June 30, 2024 and December 31, 2023 $ - $ - Common Stock, $ 0.001 par value, 200,000,000 shares authorized, 182,370,497 issued and outstanding as at June 30, 2024 and December 31, 2023. 182,370 182,370 Additional paid in capital 19,206,627 19,206,627 Accumulated deficit ( 17,895,

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View this 10-Q filing on SEC EDGAR