10-Q Filing

REDFIN NETWORK, INC. CIK: 1100394 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001199835-11-000707`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	rfnn-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 68 Cash Flow Statement 71

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$26.85K	USD	Point-in-time
Cash	`Cash`	$29.60K	USD	Point-in-time
Cash	`Cash`	$4.01K	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	80.54M	shares	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$88.42K	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	66.27M	shares	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$124.64K	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	80.54M	shares	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	66.27M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$7.27K	USD	Point-in-time
Employee Advances	`EmployeeAdvances`	$13.48K	USD	Point-in-time
Inventory	`InventoryNet`	$90.47K	USD	Point-in-time
Inventory	`InventoryNet`	$140.90K	USD	Point-in-time
Product Deposits	`DepositsAssetsCurrent`	-	USD	Point-in-time
Product Deposits	`DepositsAssetsCurrent`	$30.34K	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`	$337.54K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$197.15K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$20.19K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$13.81K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$21.75K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$24.16K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$34.63K	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`	$56.37K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$414.11K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$299.02K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$8.99K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$477.77K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$314.91K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$99.29K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$219.50K	USD	Point-in-time
Deposits Payable	`DepositLiabilityCurrent`	$21.90K	USD	Point-in-time
Deposits Payable	`DepositLiabilityCurrent`	$28.29K	USD	Point-in-time
Officer Notes Payable	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Officer Notes Payable	`DueToOfficersOrStockholdersCurrent`	$30.07K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$44.48K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$39.63K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$205.82K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$114.47K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$766.90K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$838.22K	USD	Point-in-time
Lines of Credit	`LongTermLineOfCredit`	$1.39M	USD	Point-in-time
Lines of Credit	`LongTermLineOfCredit`	$1.15M	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$58.00K	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$90.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$1.44M	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$1.24M	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`	$80.54K	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`	$5.61M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.55M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.86M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$299.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$414.11K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$779.91K	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$2.37M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$1.15M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$418.77K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$770.22K	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	$278.52K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$493.31K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$1.45M	USD	3 Qtrs
Total Gross Income	`GrossProfit`	$383.01K	USD	3 Qtrs
Total Gross Income	`GrossProfit`	$140.25K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$286.59K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$913.50K	USD	3 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.20M	USD	3 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$677.06K	USD	3 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$464.99K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$243.43K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$143.02K	USD	3 Qtrs
Professional and Consulting	`ProfessionalFees`	$78.38K	USD	3 Qtrs
Professional and Consulting	`ProfessionalFees`	$20.01K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$55.28K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.56K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$31.70K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$30.53K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.18K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$274.01K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$530.45K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$1.37M	USD	3 Qtrs
Total Expenses	`OperatingExpenses`	$787.14K	USD	3 Qtrs
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$457.52K	USD	3 Qtrs
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$243.86K	USD	1 Quarter
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$133.76K	USD	1 Quarter
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$404.12K	USD	3 Qtrs
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$877.33K	USD	3 Qtrs
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$536.22K	USD	1 Quarter
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$131.00	USD	1 Quarter
Other Income (expense):	`OtherNonrecurringIncomeExpense`	$147.00	USD	3 Qtrs
Interest Expense	`InterestIncomeExpenseNet`	$-58.64K	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-88.47K	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-360.16K	USD	3 Qtrs
Interest Expense	`InterestIncomeExpenseNet`	$-143.55K	USD	3 Qtrs
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$62.23K	USD	3 Qtrs
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$-91.35K	USD	3 Qtrs
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$32.44K	USD	1 Quarter
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$-20.31K	USD	1 Quarter
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-175.27K	USD	3 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$692.28K	USD	3 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-346.43K	USD	1 Quarter
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$322.68K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$346.43K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-322.68K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-692.28K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$175.27K	USD	3 Qtrs
Net Loss per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net Loss per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net Loss per Common Share	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic	`Basic`	73.40M	shares	3 Qtrs
Basic	`Basic`	76.71M	shares	1 Quarter
Basic	`Basic`	59.77M	shares	3 Qtrs
Basic	`Basic`	63.07M	shares	1 Quarter
Diluted	`Diluted`	73.40M	shares	3 Qtrs
Diluted	`Diluted`	60.17M	shares	3 Qtrs
Diluted	`Diluted`	63.44M	shares	1 Quarter
Diluted	`Diluted`	76.71M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$346.43K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-322.68K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-692.28K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$175.27K	USD	3 Qtrs
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$91.35K	USD	3 Qtrs
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$-374.08K	USD	3 Qtrs
Depreciation	`Depreciation`	$1.26K	USD	3 Qtrs
Depreciation	`Depreciation`	$8.48K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$29.27K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$23.21K	USD	3 Qtrs
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$57.50K	USD	3 Qtrs
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$111.50K	USD	3 Qtrs
Gain on Sale of License	`GainLossOnDispositionOfIntangibleAssets`	$-211.32K	USD	3 Qtrs
Gain on Sale of License	`GainLossOnDispositionOfIntangibleAssets`	-	USD	3 Qtrs
Gain of Debt Forgiveness	`ExtinguishmentOfDebtGainLossNetOfTax`	$-353.73K	USD	3 Qtrs
Gain of Debt Forgiveness	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	3 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$14.21K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-50.43K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$313.84K	USD	3 Qtrs
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$-3.00K	USD	3 Qtrs
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$8.16K	USD	3 Qtrs
Product Deposits	`ProductDeposits`	$-15.06K	USD	3 Qtrs
Product Deposits	`ProductDeposits`	-	USD	3 Qtrs
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$-5.83K	USD	3 Qtrs
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$6.21K	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-39.86K	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-354.31K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$9.50K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$36.22K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$97.68K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$162.86K	USD	3 Qtrs
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-669.25K	USD	3 Qtrs
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.31K	USD	3 Qtrs
Refundable Deposits	`RefundableDeposits`	$-12.86K	USD	3 Qtrs
Refundable Deposits	`RefundableDeposits`	-	USD	3 Qtrs
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-11.34K	USD	3 Qtrs
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-7.64K	USD	3 Qtrs
Net Cash Provided by (Used) by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.34K	USD	3 Qtrs
Net Cash Provided by (Used) by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.51K	USD	3 Qtrs
Notes Payable	`ProceedsFromNotesPayable`	$225.50K	USD	3 Qtrs
Notes Payable	`ProceedsFromNotesPayable`	$30.00K	USD	3 Qtrs
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	$-245.00K	USD	3 Qtrs
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	$-92.00K	USD	3 Qtrs
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-8.99K	USD	3 Qtrs
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	3 Qtrs
Line of Credit Advances	`ProceedsFromLinesOfCredit`	$357.50K	USD	3 Qtrs
Line of Credit Advances	`ProceedsFromLinesOfCredit`	$298.00K	USD	3 Qtrs
Loan Repayment - Officers	`RepaymentsOfRelatedPartyDebt`	$-40.00K	USD	3 Qtrs
Loans Payable - Officers	`LoansPayableOfficers`	$65.00K	USD	3 Qtrs
Proceeds from the sale of Common Stock	`ProceedsFromIssuanceOrSaleOfEquity`	$271.85K	USD	3 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$142.50K	USD	3 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$719.36K	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.60K	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.84K	USD	3 Qtrs
Cash and Cash Equivalents - Beginning	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	$26.85K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	$29.60K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	$4.01K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$26.85K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$29.60K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$4.01K	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	580,384.00	shares	3 Qtrs
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	144,697.00	shares	3 Qtrs
Equity Issued For Interest	`ConversionOfStockSharesIssued1`	0.00	shares	3 Qtrs
Equity Issued For Interest	`ConversionOfStockSharesIssued1`	0.00	shares	3 Qtrs

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