10-K Filing

REDFIN NETWORK, INC. CIK: 1100394 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001199835-12-000162`
Period End Date	20111231
Filing Date	20120330
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	rfnn-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 40 Cash Flow Statement 70 Stockholders Equity 13

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$88.42K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$128.32K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$13.48K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$16.32K	USD	Point-in-time
Inventory	`InventoryNet`	$90.47K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$114.73K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.78K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.48K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$263.86K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$197.15K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$18.16K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$13.81K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	66.27M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	82.51M	shares	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$49.33K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$24.16K	USD	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	82.51M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	66.27M	shares	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$63.90K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$12.78K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$88.06K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$62.10K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$344.12K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$299.02K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$62.42K	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`	$327.31K	USD	Point-in-time
Deposits Payable	`DepositLiabilityCurrent`	$27.87K	USD	Point-in-time
Deposits Payable	`DepositLiabilityCurrent`	$21.90K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$44.48K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$51.63K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$144.49K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$49.29K	USD	Point-in-time
Lines of Credit	`LineOfCredit`	-	USD	Point-in-time
Lines of Credit	`LineOfCredit`	$1.38M	USD	Point-in-time
Convertible Notes	`ConvertibleNotesPayable`	$50.00K	USD	Point-in-time
Convertible Notes	`ConvertibleNotesPayable`	$155.50K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$114.47K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$349.86K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$766.90K	USD	Point-in-time
Lines of Credit	`LongTermLineOfCredit`	$1.15M	USD	Point-in-time
Lines of Credit	`LongTermLineOfCredit`	-	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$52.00K	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$90.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$52.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$1.24M	USD	Point-in-time
Preferred Stock authorized is 20,000,000 shares at $0.001 par value. None issued and outstanding.	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock authorized is 20,000,000 shares at $0.001 par value. None issued and outstanding.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock authorized is 250,000,000 shares at $0.001 par value. Issued and outstanding on December 31, 2011 is 82,512,796 and December 31, 2010 is 66,265,552 shares.	`CommonStockValue`	$82.51K	USD	Point-in-time
Common Stock authorized is 250,000,000 shares at $0.001 par value. Issued and outstanding on December 31, 2011 is 82,512,796 and December 31, 2010 is 66,265,552 shares.	`CommonStockValue`	$66.27K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.69M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.09M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.86M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.98M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.73M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$344.12K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$299.02K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$1.68M	USD	Annual
Sales	`SalesRevenueGoodsNet`	$2.80M	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$1.69M	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$1.15M	USD	Annual
Gross Profit	`GrossProfit`	$1.11M	USD	Annual
Gross Profit	`GrossProfit`	$533.34K	USD	Annual
Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.54M	USD	Annual
Administrative Expenses	`GeneralAndAdministrativeExpense`	$979.66K	USD	Annual
Professional and Consulting	`ProfessionalFees`	$98.26K	USD	Annual
Professional and Consulting	`ProfessionalFees`	$186.85K	USD	Annual
Depreciation Expense	`Depreciation`	$25.14K	USD	Annual
Depreciation Expense	`Depreciation`	$3.29K	USD	Annual
Amortization Expense	`AmortizationExpense`	$54.81K	USD	Annual
Amortization Expense	`AmortizationExpense`	$17.14K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.79M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.12M	USD	Annual
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$-684.28K	USD	Annual
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$-586.86K	USD	Annual
Gain on write off and settlement of payables	`GainOnWriteOffAndSettlementOfPayables`	-	USD	Annual
Gain on write off and settlement of payables	`GainOnWriteOffAndSettlementOfPayables`	$-3.24M	USD	Annual
Derivative and Liquidating Income	`DerivativeAndLiquidatingExpenses`	$235.39K	USD	Annual
Derivative and Liquidating Income	`DerivativeAndLiquidatingExpenses`	$-21.75K	USD	Annual
Other Income	`OtherNonrecurringIncomeExpense`	-	USD	Annual
Other Income	`OtherNonrecurringIncomeExpense`	$-384.00	USD	Annual
Interest Income	`InterestIncomeExpenseNet`	$-198.29K	USD	Annual
Interest Income	`InterestIncomeExpenseNet`	$-388.06K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$2.88M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-433.30K	USD	Annual
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.12M	USD	Annual
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.29M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$2.29M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.12M	USD	Annual
Net Income (Loss) per Common Share	`EarningsPerShareBasicAndDiluted`	$0.04	USD	Annual
Net Income (Loss) per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic	`Basic`	73.76M	shares	Annual
Basic	`Basic`	60.98M	shares	Annual
Diluted	`Diluted`	73.76M	shares	Annual
Diluted	`Diluted`	62.76M	shares	Annual

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$2.29M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Gain on write-off / settlement of payables	`GainOnWriteOffAndSettlementOfPayables`	-	USD	Annual
Gain on write-off / settlement of payables	`GainOnWriteOffAndSettlementOfPayables`	$-3.24M	USD	Annual
Derivative and Liquidating Income (Expense)	`ChangesinDerivativeandLiquidatingExpenses`	$235.39K	USD	Annual
Derivative and Liquidating Income (Expense)	`ChangesinDerivativeandLiquidatingExpenses`	$-21.75K	USD	Annual
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$144.50K	USD	Annual
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$98.00K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$25.14K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$4.07K	USD	Annual
Amortization	`AdjustmentForAmortization`	$54.03K	USD	Annual
Amortization	`AdjustmentForAmortization`	$17.14K	USD	Annual
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$10.54K	USD	Annual
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$300.00	USD	Annual
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$-13.48K	USD	Annual
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$-2.84K	USD	Annual
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$21.90K	USD	Annual
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$5.97K	USD	Annual
Refundable Deposits	`RefundableDeposits`	$-15.28K	USD	Annual
Refundable Deposits	`RefundableDeposits`	$-25.16K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-39.90K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-28.20K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$351.46K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-24.27K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$53.05K	USD	Annual
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$333.76K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-150.46K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-30.09K	USD	Annual
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-862.90K	USD	Annual
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-204.02K	USD	Annual
Furniture and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.43K	USD	Annual
Furniture and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.01K	USD	Annual
Intangibles	`Intangibles`	$-2.91K	USD	Annual
Intangibles	`Intangibles`	$-3.67K	USD	Annual
Security Deposit	`SecurityDeposit1`	-	USD	Annual
Security Deposit	`SecurityDeposit1`	$-3.71K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.33K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.40K	USD	Annual
Sale of Common Stock	`SaleOfCommonStock`	$-292.11K	USD	Annual
Sale of Common Stock	`SaleOfCommonStock`	-	USD	Annual
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$53.42K	USD	Annual
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$8.99K	USD	Annual
Notes Payable Repayments	`RepaymentsOfNotesPayable`	$130.30K	USD	Annual
Notes Payable Repayments	`RepaymentsOfNotesPayable`	$254.00K	USD	Annual
Notes Payable Repayments - Related Party	`RepaymentsOfRelatedPartyDebt`	$40.00K	USD	Annual
Notes Payable Repayments - Related Party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Notes Payable Additions - Related Party	`NotesPayableAdditionsRelatedParty`	-	USD	Annual
Notes Payable Additions - Related Party	`NotesPayableAdditionsRelatedParty`	$-90.00K	USD	Annual
Notes Payable Additions	`ProceedsFromNotesPayable`	$295.00K	USD	Annual
Notes Payable Additions	`ProceedsFromNotesPayable`	$487.50K	USD	Annual
Line of Credit	`ProceedsFromLinesOfCredit`	$314.00K	USD	Annual
Line of Credit	`ProceedsFromLinesOfCredit`	$-18.08K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$224.41K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$874.24K	USD	Annual
Net (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.01K	USD	Annual
Net (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
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 - Beginning	`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
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Interest	`InterestPaid`	$53.68K	USD	Annual
Interest	`InterestPaid`	$2.85K	USD	Annual
Shares Issued for Services	`SharesIssuedForServices`	$95.00K	USD	Annual
Shares Issued for Services	`SharesIssuedForServices`	$144.50K	USD	Annual
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	175,898.00	shares	Annual
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	636,584.00	shares	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Begining Balance, Amount	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Begining Balance, Amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Begining Balance, Amount	`StockholdersEquity`	$-4.73M	USD	Point-in-time
Equity Issued for Services, Amount	`EquityIssuedForServicesAmount`	$144.50K	USD	Annual
Equity Issued for Services, Amount	`EquityIssuedForServicesAmount`	$95.00K	USD	Annual
Equity Issued to Retire Debt and Interest, Amount	`EquityIssuedToRetireDebtAndInterestAmount`	$175.90K	USD	Annual
Equity Issued to Retire Debt and Interest, Amount	`EquityIssuedToRetireDebtAndInterestAmount`	$636.58K	USD	Annual
Equity Issued for Cash, Amount	`EquityIssuedForCashAmount`	$292.11K	USD	Annual
Net Loss	`NetIncomeLoss`	$2.29M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-4.73M	USD	Point-in-time

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