NIHK
Video River Networks, Inc.0.0026
-0.0003-12.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
465.04KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Auditor terminated after SEC suspension
Video River Networks terminated Olayinka Oyebola & Co. as its auditor on August 18, 2025, after receiving an SEC letter revealing the firm's suspension from practicing before the Commission. The company now hunts for a replacement. No audit reports from the suspended firm allowed in future filings. Search underway.
10-Q
Q2 FY2025 results
Video River Networks posted zero revenue for Q2 ended June 30, 2025, with operating expenses down 60% y/y to $8,494 (derived), yielding an operating loss of $8,494 versus $21,139 last year—expenses halved while cash dwindled to $1,500 from $23,215 at year-end. Net loss matched operating at $(0.0000) per diluted share on 182M shares, consistent with no dilutive securities. Related-party notes payable fell to $40,031 (0% interest, due 2030), with $1.4M installment receivable from prior Alpharidge sale providing modest liquidity. Cash from operations turned positive at $16,153 YTD. Ongoing SEC litigation poses regulatory risk.
10-Q
Q1 FY2025 results
Video River Networks posted zero revenue for Q1 FY2025 ended March 31, 2025, swinging to a $5,216 operating loss from $1,531,480 net income a year earlier driven by a one-time disposition gain (derived). Operating expenses plunged 83% y/y to $5,216, mainly from slashed professional fees, while cash dwindled to $1,500 from $23,215 q/q amid $3,519 operating cash inflow but $25,234 related-party note repayments. Notes payable fell to $52,665 (0% interest, due 2030). Cash covers bare-bones ops. SEC litigation looms over related-party deals.
10-K
FY2024 results
Video River Networks posted FY2024 net income of $1.46M, driven entirely by a $1.56M gain from selling its main operating subsidiary Alpharidge Capital in January; operating revenue fell to zero from $665K in 2023 as EDI activities ceased post-sale. Q4 showed no operational momentum, with expenses at $99K for the year versus $380K prior, reflecting a lean structure of three unpaid officers. Cash rose to $23K amid $69K related-party funding, yet accumulated deficit hit $17.9M. No capex, dividends, or debt noted. SEC litigation risks ongoing enforcement actions.
8-K
SEC sues Video River
Video River Networks landed in hot water on November 18, 2024, named as a defendant alongside Givemepower and entities like Alpharidge in an SEC lawsuit filed in California's Central District. The SEC seeks injunctions, including officer/director and penny stock bars against director Patience Ogbozor and officer Frank Igwealor, who proclaims innocence. Legal counsel is plotting defense strategy. Litigation clouds operations.