10-Q Filing

REDFIN NETWORK, INC. CIK: 1100394 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001199835-11-000533`
Period End Date	20110630
Filing Date	20110822
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	rfnn-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 72

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$27.79K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$4.01K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$142.33K	USD	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$88.42K	USD	Point-in-time
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Employee Advances	`EmployeeAdvances`	$16.23K	USD	Point-in-time
Common Stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$13.48K	USD	Point-in-time
Inventory	`InventoryNet`	$90.47K	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	72.88M	shares	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	66.27M	shares	Point-in-time
Inventory	`InventoryNet`	$156.53K	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	66.27M	shares	Point-in-time
Product Deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	72.88M	shares	Point-in-time
Product Deposits	`DepositsAssetsCurrent`	$38.87K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.78K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.78K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$197.15K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$358.75K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$20.61K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$13.81K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$24.16K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$9.16K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$44.38K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$63.90K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$88.06K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$53.55K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$299.02K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$432.91K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$2.17K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$8.99K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$477.77K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$391.01K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$173.00K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$99.29K	USD	Point-in-time
Deposits Payable	`DepositsPayable`	$16.67K	USD	Point-in-time
Deposits Payable	`DepositsPayable`	$21.90K	USD	Point-in-time
Officer Notes Payable	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Officer Notes Payable	`EmployeeRelatedLiabilitiesCurrent`	$38.29K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$38.20K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$44.48K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeAndLiquidatingLiabilities`	$114.47K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeAndLiquidatingLiabilities`	$185.51K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$844.85K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$766.90K	USD	Point-in-time
Lines of Credit	`LongTermLineOfCredit`	$1.35M	USD	Point-in-time
Lines of Credit	`LongTermLineOfCredit`	$1.15M	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$66.00K	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$90.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$1.24M	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$1.42M	USD	Point-in-time
Common Stock authorized is 100,000,000 shares at $0.001 par value. Issued and outstanding on June 30, 2011, 72,884,543 shares and December 31, 2010, 66,265,552 shares.	`CommonStockValue`	$72.89K	USD	Point-in-time
Common Stock authorized is 100,000,000 shares at $0.001 par value. Issued and outstanding on June 30, 2011, 72,884,543 shares and December 31, 2010, 66,265,552 shares.	`CommonStockValue`	$66.27K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.09M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.33M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.86M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.23M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.83M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$299.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$432.91K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$734.47K	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$1.59M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$473.26K	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$960.66K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$491.70K	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	$558.95K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$960.43K	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	$328.00K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$401.71K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$242.77K	USD	2 Qtrs
Total Gross Income	`GrossProfit`	$626.90K	USD	2 Qtrs
Total Gross Income	`GrossProfit`	$145.26K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$435.95K	USD	2 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$278.30K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$447.13K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$731.21K	USD	2 Qtrs
Professional and Consulting	`ProfessionalFees`	$58.37K	USD	2 Qtrs
Professional and Consulting	`ProfessionalFees`	$45.59K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$89.01K	USD	2 Qtrs
Professional and Consulting	`ProfessionalFees`	$23.04K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$21.13K	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$20.35K	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.56K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.18K	USD	1 Quarter
Interest Expense	`InterestExpense`	$271.70K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$84.91K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$44.70K	USD	1 Quarter
Interest Expense	`InterestExpense`	$105.26K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$547.59K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$417.15K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$787.15K	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$925.48K	USD	2 Qtrs
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$271.89K	USD	1 Quarter
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$145.88K	USD	1 Quarter
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$298.58K	USD	2 Qtrs
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$544.38K	USD	2 Qtrs
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$16.00	USD	2 Qtrs
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$343.43K	USD	2 Qtrs
Other Income (expense):	`OtherNonrecurringIncomeExpense`	-	USD	1 Quarter
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$343.43K	USD	1 Quarter
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$30.80K	USD	1 Quarter
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$-71.03K	USD	2 Qtrs
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$59.61K	USD	1 Quarter
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$29.80K	USD	2 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$171.16K	USD	2 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$86.28K	USD	1 Quarter
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$369.60K	USD	2 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-102.33K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$102.33K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-171.16K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-369.60K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-86.28K	USD	1 Quarter
Net Loss per Common Share	`NetLossPerCommonShare`	-0.01	shares	2 Qtrs
Net Loss per Common Share	`NetLossPerCommonShare`	-0.00	shares	1 Quarter
Net Loss per Common Share	`NetLossPerCommonShare`	-0.00	shares	2 Qtrs
Net Loss per Common Share	`NetLossPerCommonShare`	0.00	shares	1 Quarter
Basic and diluted	`BasicAndDiluted`	59.99M	shares	1 Quarter
Basic and diluted	`BasicAndDiluted`	58.99M	shares	2 Qtrs
Basic and diluted	`BasicAndDiluted`	69.73M	shares	1 Quarter
Basic and diluted	`BasicAndDiluted`	69.58M	shares	2 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$102.33K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-171.16K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-369.60K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-86.28K	USD	1 Quarter
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$71.03K	USD	2 Qtrs
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$-29.80K	USD	2 Qtrs
Depreciation	`Depreciation`	$838.00	USD	2 Qtrs
Depreciation	`Depreciation`	$5.66K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$15.47K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$19.51K	USD	2 Qtrs
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$27.50K	USD	2 Qtrs
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$79.20K	USD	2 Qtrs
Gain on Sale of License	`GainLossOnDispositionOfIntangibleAssets`	$-211.32K	USD	2 Qtrs
Gain on Sale of License	`GainLossOnDispositionOfIntangibleAssets`	-	USD	2 Qtrs
Gain of Debt Forgiveness	`ExtinguishmentOfDebtGainLossNetOfTax`	$-129.79K	USD	2 Qtrs
Gain of Debt Forgiveness	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	2 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$3.73K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$207.05K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-66.06K	USD	2 Qtrs
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$-3.00K	USD	2 Qtrs
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$-5.24K	USD	2 Qtrs
Product Deposits	`ProductDeposits`	$-23.59K	USD	2 Qtrs
Product Deposits	`ProductDeposits`	-	USD	2 Qtrs
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$-2.76K	USD	2 Qtrs
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$-8.17K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-292.05K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.28K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.12K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$53.91K	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$94.72K	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$86.75K	USD	2 Qtrs
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-443.60K	USD	2 Qtrs
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.38K	USD	2 Qtrs
Refundable Deposits	`RefundableDeposits`	$-280.00	USD	2 Qtrs
Refundable Deposits	`RefundableDeposits`	-	USD	2 Qtrs
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-7.64K	USD	2 Qtrs
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-11.34K	USD	2 Qtrs
Net Cash Provided by (Used) by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.92K	USD	2 Qtrs
Net Cash Provided by (Used) by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.34K	USD	2 Qtrs
Notes Payable	`ProceedsFromNotesPayable`	$30.00K	USD	2 Qtrs
Notes Payable	`ProceedsFromNotesPayable`	$99.71K	USD	2 Qtrs
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	$-47.00K	USD	2 Qtrs
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-6.82K	USD	2 Qtrs
Line of Credit Advances	`ProceedsFromLinesOfCredit`	$210.00K	USD	2 Qtrs
Line of Credit Advances	`ProceedsFromLinesOfCredit`	$142.50K	USD	2 Qtrs
Loans Payable - Officers	`LoansPayableOfficers`	$38.29K	USD	2 Qtrs
Loans Payable - Officers	`LoansPayableOfficers`	-	USD	2 Qtrs
Proceeds from the sale of Common Stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from the sale of Common Stock	`ProceedsFromIssuanceOrSaleOfEquity`	$110.35K	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$125.50K	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$451.53K	USD	2 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.78K	USD	2 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash and Cash Equivalents - Beginning	`Cash`	$27.79K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	$4.01K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$27.79K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$4.01K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	$642.00	USD	2 Qtrs
Interest	`InterestPaid`	$16.89K	USD	2 Qtrs
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	546,084.00	shares	2 Qtrs
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	50,000.00	shares	2 Qtrs
Equity Issued For Interest	`ConversionOfStockSharesIssued1`	42,697.00	shares	2 Qtrs
Equity Issued For Interest	`ConversionOfStockSharesIssued1`	0.00	shares	2 Qtrs

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