EX-10 3 proformafinancialsvideoriver.htm proformafinancialsvideoriver.htm - Generated by SEC Publisher for SEC Filing
 

VIDEO RIVER NETWORK, INC.

 
 

Unaudited Proforma Statements of Operations

 
 

June 30, 2019

 
                   
                     
       

Video River Networks, Inc.

 

Community Economic Development LLC

 

Eliminations

 

Total

       

 

 

 

 

 

 

 

REVENUE

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

 $               -  

 

 $                -  

 

 $                -  

 

 $               -  

 

 

 

 

 

 

 

 

 

 

 

EXPENSES:

                   

 

Rent expense

 

 

 

           11,257

 

 

 

           11,257

 

Telephone expense

     

                552

     

                552

 

Other operating expenses

 

 

           29,109

 

 

 

           29,109

                     

 

Total operating expenses

 

 

 

           40,918

 

                     -

 

           40,918

                     

NET LOSS FROM OPERATIONS

 

 

 

          (40,918)

 

                     -

 

         (40,918)

                     

 

 

 

 

 

 

 

 

 

 

 

NET LOSS

   

 $               -  

 

 $       (40,918)

 

 $                -  

 

 $      (40,918)

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted loss per common share

 

 $               -  

 

 $                -  

 

 

 

 $    (0.00029)

                     

Weighted average number of common

             

Shares outstanding basic and diluted

 

  139,153,206

 

                   -  

 

                   -  

 

  139,153,206

                     
                     
                     
 

The accompanying notes are an integral part of these financial statements

 


 

VIDEO RIVER NETWORK, INC.

   

Unaudited Proforma Balance Sheet

       
   

June 30, 2019

           
                     
                     
                     
       

Video River Networks, Inc.

 

Community Economic Development LLC

 

Eliminations

 

Total

   

ASSETS

             

Cash and cash equivalents

 

 $                  -  

 

 $             14,508

 

 

 

 $           14,508

       

 

 

 

 

 

 

 

          Total Current Assets

 

 $                  -  

 

 $             14,508

 

 $                -  

 

 $           14,508

                     

Real Estate Holdings

 

 $                  -  

 

 $        1,415,739

 

 $                -  

 

 $      1,415,739

Fixed Assets

         

                  9,126

     

                9,126

 

Total assets

 

 $                  -  

 

 $      1,439,373

 

 $                -  

 

 $   1,439,373

                     

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

                     

Liabilites:

 

 

 

 

 

 

 

 

 

 

    Current liabilities

     

 $                  -  

 

 $                     -  

     

 $                  -  

    Long-term liabilities

 

 $                  -  

 

 $        1,480,291

 

 $                -  

 

 $      1,480,291

       

 

 

 

 

 

 

 

           Total liabilities

 

 

                       -

 

           1,480,291

 

                     -

 

         1,480,291

                     

 

 

 

 

 

 

 

 

 

 

 

Stockholders' deficit:

                   

Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding

 

 

 

 

 

 

                       -

Common stock ($0.0001 par value)

       

                     -

 

                       -

200,000,000 shares authorized, no par

 

 

 

 

 

 

 

139,153,206 issued and outstanding on 06/30/2019, and

         139,153

     

 

 

          139,153

    Additional Paid-in Capital

 

      18,974,719

 

 

 

                   -  

 

       18,974,719

    Accumulated Deficits

 

     (19,113,872)

 

               (40,918)

 

 

 

     (19,154,790)

              Total stockholders' equity

 

 

                     -  

 

               (40,918)

 

                     0

 

            (40,918)

Total liabilities and stockholders' equity

 

 $                  -  

 

 $      1,439,373

#

 $                 0

#

 $   1,439,373