10-Q Filing

REDFIN NETWORK, INC. CIK: 1100394 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001199835-12-000736`
Period End Date	20120930
Filing Date	20121109
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	rfnn-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 72 Cash Flow Statement 68

Balance Sheet 68 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
Cash	`Cash`	-	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$3.30K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$29.60K	USD	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$88.19K	USD	Point-in-time
Accounts receivable, Net	`AccountsReceivableNetCurrent`	$128.32K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	88.92M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	82.51M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	88.92M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	82.51M	shares	Point-in-time
Employee Advances	`EmployeeAdvances`	$16.32K	USD	Point-in-time
Employee Advances	`EmployeeAdvances`	$9.73K	USD	Point-in-time
Inventory	`InventoryNet`	$123.60K	USD	Point-in-time
Inventory	`InventoryNet`	$114.73K	USD	Point-in-time
Product Deposits	`ProductDeposits1`	-	USD	Point-in-time
Product Deposits	`ProductDeposits1`	$36.33K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.48K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.48K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$263.86K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$265.63K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$18.16K	USD	Point-in-time
FURNITURE AND EQUIPMENT (NET)	`PropertyPlantAndEquipmentNet`	$12.07K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$49.33K	USD	Point-in-time
Refundable Deposits	`DepositsAssetsNoncurrent`	$4.52K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$15.44K	USD	Point-in-time
Intangible, Net	`IntangibleAssetsNetExcludingGoodwill`	$12.78K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$19.96K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$62.10K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$297.67K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$344.12K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	$62.42K	USD	Point-in-time
Cash Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$307.24K	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`	$63.31K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$51.63K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$75.53K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$144.49K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$367.07K	USD	Point-in-time
Notes Payable - Related Parties	`NotesPayableRelatedParties`	-	USD	Point-in-time
Notes Payable - Related Parties	`NotesPayableRelatedParties`	$50.81K	USD	Point-in-time
Lines of Credit	`LineOfCredit`	$1.39M	USD	Point-in-time
Lines of Credit	`LineOfCredit`	$1.38M	USD	Point-in-time
Convertible Notes	`ConvertibleNotesPayable`	$155.50K	USD	Point-in-time
Convertible Notes	`ConvertibleNotesPayable`	$178.00K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$349.86K	USD	Point-in-time
Derivative and Liquidating Liabilities	`DerivativeLiabilitiesCurrent`	$398.93K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$32.50K	USD	Point-in-time
Notes Payable	`LongTermNotesPayable`	$52.00K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$32.50K	USD	Point-in-time
Total Long Term Liabilites	`LiabilitiesNoncurrent`	$52.00K	USD	Point-in-time
Common Stock authorized is 100,000,000 shares at $0.001 par value. Issued and outstanding on Sept. 30, 2012, 88,915,428 sharesand December 31, 2011, 82,512,796 shares.	`CommonStockValue`	$88.92K	USD	Point-in-time
Common Stock authorized is 100,000,000 shares at $0.001 par value. Issued and outstanding on Sept. 30, 2012, 88,915,428 sharesand December 31, 2011, 82,512,796 shares.	`CommonStockValue`	$82.51K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.87M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapitalCommonStock`	$5.69M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.53M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-7.98M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.56M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$344.12K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$297.67K	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$597.67K	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$2.04M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$2.37M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$779.91K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$1.45M	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	$493.31K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$1.26M	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSold`	$367.57K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$913.50K	USD	3 Qtrs
Total Gross Income	`GrossProfit`	$230.10K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$286.59K	USD	1 Quarter
Total Gross Income	`GrossProfit`	$772.54K	USD	3 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.20M	USD	3 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$464.99K	USD	1 Quarter
Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.03M	USD	3 Qtrs
Administrative Expenses	`GeneralAndAdministrativeExpense`	$332.00K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$143.02K	USD	3 Qtrs
Professional and Consulting	`ProfessionalFees`	$11.29K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$55.28K	USD	1 Quarter
Professional and Consulting	`ProfessionalFees`	$95.28K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	$10.18K	USD	1 Quarter
Depreciation and Amortization	`DepreciationAndAmortization`	$13.07K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	$30.53K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationAndAmortization`	$4.36K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$1.37M	USD	3 Qtrs
Total Expenses	`OperatingExpenses`	$530.45K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$347.65K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$1.14M	USD	3 Qtrs
Net Loss before other income (expense)	`OperatingIncomeLoss`	$-243.86K	USD	1 Quarter
Net Loss before other income (expense)	`OperatingIncomeLoss`	$-457.52K	USD	3 Qtrs
Net Loss before other income (expense)	`OperatingIncomeLoss`	$-117.56K	USD	1 Quarter
Net Loss before other income (expense)	`OperatingIncomeLoss`	$-370.13K	USD	3 Qtrs
Other Income (Expense)	`OtherIncomeExpense`	$147.00	USD	3 Qtrs
Other Income (Expense)	`OtherIncomeExpense`	$22.95K	USD	1 Quarter
Other Income (Expense)	`OtherIncomeExpense`	$131.00	USD	1 Quarter
Other Income (Expense)	`OtherIncomeExpense`	$56.36K	USD	3 Qtrs
Interest Income (Expense)	`InterestIncomeExpenseNet`	$-182.79K	USD	3 Qtrs
Interest Income (Expense)	`InterestIncomeExpenseNet`	$-58.64K	USD	1 Quarter
Interest Income (Expense)	`InterestIncomeExpenseNet`	$-65.57K	USD	1 Quarter
Interest Income (Expense)	`InterestIncomeExpenseNet`	$-143.55K	USD	3 Qtrs
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$91.35K	USD	3 Qtrs
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$20.31K	USD	1 Quarter
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$49.17K	USD	1 Quarter
Derivative and Liquidating Income (Expense)	`DerivativeAndLiquidatingExpenses`	$49.06K	USD	3 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-209.34K	USD	1 Quarter
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-692.28K	USD	3 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-545.62K	USD	3 Qtrs
Net loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-322.68K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-209.34K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-545.62K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-692.28K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-322.68K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`Basic`	85.71M	shares	3 Qtrs
Basic	`Basic`	88.17M	shares	1 Quarter
Basic	`Basic`	73.40M	shares	3 Qtrs
Basic	`Basic`	76.71M	shares	1 Quarter
Diluted	`Diluted`	76.71M	shares	1 Quarter
Diluted	`Diluted`	88.17M	shares	1 Quarter
Diluted	`Diluted`	73.40M	shares	3 Qtrs
Diluted	`Diluted`	85.71M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-209.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-545.62K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-692.28K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-322.68K	USD	1 Quarter
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$91.35K	USD	3 Qtrs
Derivative and Liquidating Expenses	`ChangesinDerivativeandLiquidatingExpenses`	$49.06K	USD	3 Qtrs
Depreciation	`Depreciation`	$6.09K	USD	3 Qtrs
Depreciation	`Depreciation`	$1.26K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$6.98K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$29.27K	USD	3 Qtrs
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$111.50K	USD	3 Qtrs
Equity Issued for Sevices and Interest	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.00K	USD	3 Qtrs
Amortization Debt Discount	`AmortizationOfDebtDiscountPremium`	$35.38K	USD	3 Qtrs
Amortization Debt Discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-8.87K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-50.43K	USD	3 Qtrs
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$35.44K	USD	3 Qtrs
Customer Deposits	`IncreaseDecreaseInDepositsOutstanding`	$8.16K	USD	3 Qtrs
Product Deposits	`ProductDeposits`	$-15.06K	USD	3 Qtrs
Product Deposits	`ProductDeposits`	$-36.33K	USD	3 Qtrs
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$6.21K	USD	3 Qtrs
Employee Advances	`IncreaseDecreaseInDueFromEmployeeCurrent`	$6.59K	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$39.86K	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$26.12K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.22K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$40.12K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-20.07K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-162.86K	USD	3 Qtrs
Net Cash (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-385.11K	USD	3 Qtrs
Net Cash (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-669.25K	USD	3 Qtrs
Refundable Deposits	`RefundableDeposits`	$44.81K	USD	3 Qtrs
Refundable Deposits	`RefundableDeposits`	$-12.86K	USD	3 Qtrs
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.64K	USD	3 Qtrs
Purchase of Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.65K	USD	3 Qtrs
Net Cash Provided by (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.51K	USD	3 Qtrs
Net Cash Provided by (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$35.16K	USD	3 Qtrs
Notes Payable Proceeds	`ProceedsFromNotesPayable`	$437.50K	USD	3 Qtrs
Notes Payable Proceeds	`ProceedsFromNotesPayable`	$225.50K	USD	3 Qtrs
Notes Payable and Line of Credit Repayments	`RepaymentsOfNotesPayable`	$92.00K	USD	3 Qtrs
Notes Payable and Line of Credit Repayments	`RepaymentsOfNotesPayable`	$69.17K	USD	3 Qtrs
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-62.42K	USD	3 Qtrs
Cash Overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-8.99K	USD	3 Qtrs
Line of Credit Advances	`ProceedsFromLinesOfCredit`	$298.00K	USD	3 Qtrs
Line of Credit Advances	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Notes Payable - Related Parties Repaid	`ProceedsFromLoans`	$-40.00K	USD	3 Qtrs
Notes Payable - Related Parties Repaid	`ProceedsFromLoans`	$-43.35K	USD	3 Qtrs
Note Payable - Related Parties	`SaleOfCommonStock`	$65.00K	USD	3 Qtrs
Note Payable - Related Parties	`SaleOfCommonStock`	$90.69K	USD	3 Qtrs
Proceeds from the sale of Common Stock	`RepaymentOfLoansPayableOfficers`	$-271.85K	USD	3 Qtrs
Proceeds from the sale of Common Stock	`RepaymentOfLoansPayableOfficers`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$719.36K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$353.25K	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.60K	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.30K	USD	3 Qtrs
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`	$3.30K	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`Cash`	$29.60K	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`	$3.30K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`Cash`	$29.60K	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`	105,500.00	shares	3 Qtrs
Conversion of Indebtedness for Equity	`DebtConversionConvertedInstrumentSharesIssued1`	144,697.00	shares	3 Qtrs

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