10-Q Filing

REDFIN NETWORK, INC. CIK: 1100394 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001199835-12-000333`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	rfnn-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 31 Cash Flow Statement 67 Stockholders Equity 13

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$113.87K	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, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$16.32K	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$9.77K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Note Receivable	`NotesReceivableNet`	-	USD	Point-in-time
Note Receivable	`NotesReceivableNet`	$50.00K	USD	Point-in-time
Inventory	`InventoryNet`	$114.73K	USD	Point-in-time
Inventory	`InventoryNet`	$113.25K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.48K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.48K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$291.37K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$263.86K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$18.16K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$16.13K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	84.42M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	82.51M	shares	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$49.37K	USD	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	84.42M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	82.51M	shares	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$49.33K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$12.40K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$12.78K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$61.77K	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`	$369.27K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$25.81K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$62.42K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$327.31K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$323.44K	USD	Point-in-time
Deposits Payable	`DepositLiabilityCurrent`	$27.87K	USD	Point-in-time
Deposits Payable	`DepositLiabilityCurrent`	$26.17K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$51.51K	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`	$350.40K	USD	Point-in-time
Lines of Credit	`LineOfCredit`	$1.38M	USD	Point-in-time
Lines of Credit	`LineOfCredit`	$1.38M	USD	Point-in-time
Convertible Notes	`ConvertibleNotesPayable`	$170.50K	USD	Point-in-time
Convertible Notes	`ConvertibleNotesPayable`	$155.50K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$349.86K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$388.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$52.00K	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$40.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$40.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$52.00K	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 March 31, 2012 is 84,415,574 and December 31, 2011 is 82,512,796 shares.	`CommonStockValue`	$84.42K	USD	Point-in-time
Common Stock authorized is 250,000,000 shares at $0.001 par value. Issued and outstanding on March 31, 2012 is 84,415,574 and December 31, 2011 is 82,512,796 shares.	`CommonStockValue`	$82.51K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.69M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.78M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.98M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.25M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.39M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$369.27K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$344.12K	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$760.70K	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$626.67K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$401.47K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$506.45K	USD	1 Quarter
Gross Profit	`GrossProfit`	$254.24K	USD	1 Quarter
Gross Profit	`GrossProfit`	$225.19K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$358.51K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$322.39K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$5.10K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$70.27K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$10.18K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$4.36K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$433.14K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$337.66K	USD	1 Quarter
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$-178.90K	USD	1 Quarter
Net Loss from operations before other income (expense)	`OperatingIncomeLoss`	$-112.47K	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-55.72K	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-40.22K	USD	1 Quarter
Derivative and Liquidating Income	`DerivativeAndLiquidatingExpenses`	$-130.64K	USD	1 Quarter
Derivative and Liquidating Income	`DerivativeAndLiquidatingExpenses`	$-38.53K	USD	1 Quarter
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-273.15K	USD	1 Quarter
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-283.32K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.12M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-283.32K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-273.15K	USD	1 Quarter
Net Loss per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
basic and diluted	`WeightedAverageNumberOfSharesCommonSharesOutstandingBasicDiluted`	83.46M	shares	1 Quarter
basic and diluted	`WeightedAverageNumberOfSharesCommonSharesOutstandingBasicDiluted`	66.42M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Net Loss	`NetIncomeLoss`	$-283.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-273.15K	USD	1 Quarter
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$38.53K	USD	1 Quarter
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$130.64K	USD	1 Quarter
Depreciation	`Depreciation`	$419.00	USD	1 Quarter
Depreciation	`Depreciation`	$2.03K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$7.38K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.76K	USD	1 Quarter
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$15.53K	USD	1 Quarter
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.49K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.01K	USD	1 Quarter
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$9.40K	USD	1 Quarter
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$6.55K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$25.23K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$-1.70K	USD	1 Quarter
Product Deposits	`ProductDeposits`	$-41.40K	USD	1 Quarter
Product Deposits	`ProductDeposits`	$-38.00	USD	1 Quarter
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$29.07K	USD	1 Quarter
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-119.00	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.60K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$3.94K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$14.45K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-3.87K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-184.59K	USD	1 Quarter
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-208.44K	USD	1 Quarter
Net Cash Provided by (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-297.94K	USD	1 Quarter
Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	$-50.00K	USD	1 Quarter
Refundable Deposits	`RefundableDeposits`	-	USD	1 Quarter
Refundable Deposits	`RefundableDeposits`	$3.00	USD	1 Quarter
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.95K	USD	1 Quarter
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.64K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.95K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.36K	USD	1 Quarter
Notes Payable	`ProceedsFromNotesPayable`	$325.50K	USD	1 Quarter
Notes Payable	`ProceedsFromNotesPayable`	$76.50K	USD	1 Quarter
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	$28.00K	USD	1 Quarter
Repayment of Notes Payable	`RepaymentsOfNotesPayable`	$12.00K	USD	1 Quarter
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-8.99K	USD	1 Quarter
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-36.61K	USD	1 Quarter
Line of Credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Line of Credit	`ProceedsFromLinesOfCredit`	$210.00K	USD	1 Quarter
Loans Payable - Officers	`ProceedsFromLoans`	$65.00K	USD	1 Quarter
Loans Payable - Officers	`ProceedsFromLoans`	-	USD	1 Quarter
Repayment of Loans Payable officers	`RepaymentOfLoansPayableOfficers`	$500.00	USD	1 Quarter
Repayment of Loans Payable officers	`RepaymentOfLoansPayableOfficers`	$30.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$260.39K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$300.51K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.93K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and Cash Equivalents - Beginning	`Cash`	-	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 - Beginning	`Cash`	$9.93K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$9.93K	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	$37.78K	USD	1 Quarter
Interest	`InterestPaid`	$4.12K	USD	1 Quarter
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	32,500.00	shares	1 Quarter
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	0.00	shares	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-2.39M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Equity Issued for Cash, Amount	`EquityIssuedForCashAmount`	$292.11K	USD	Annual
Equity Issued for Services, Amount	`EquityIssuedForServicesAmount`	$144.50K	USD	Annual
Equity Issued to Retire Debt and Interest, Amount	`EquityIssuedToRetireDebtAndInterestAmount`	$175.90K	USD	Annual
Equity Issued to Retire Debt and Interest, Amount	`EquityIssuedToRetireDebtAndInterestAmount`	$93.14K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.12M	USD	Annual
Net Loss	`NetIncomeLoss`	$-283.32K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-273.15K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$-2.39M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-2.21M	USD	Point-in-time

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