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NIHK on OTC

Video River Networks, Inc.

Video River Networks, Inc. is an American real estate company, incorporated in Nevada, listed on OTC (NIHK).1 It is headquartered in Las Vegas, Nevada.1

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Last updated Oct 21, 2026.

Overview

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  • TickerNIHK on OTC1
  • IndustryReal Estate1
  • HeadquartersLas Vegas, Nevada1
  • Incorporated inNV2
  • Business address1333 N. Buffalo Dr., Suite 210, Las Vegas, Nv 891282
  • Filer category, Emerging growth company2

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Report or the date of documents incorporated by reference herein that include forward-looking statements.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

57.0%Gross margin4
74.6%Net margin5
-82.8%Revenue growth, 20234
14.2%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue37¢$285.5K
  • Profit63¢$496.0K

Out of $664.6K in revenue.465

Where each dollar of operating cash went, fiscal 2023

  • Kept or used elsewhere100¢$601.7K

Out of $601.7K of cash from operations.4

Financial statements

Revenue78910114$664.6K in 2023
0$2.0M$4.0M$6.0M$8.0M2018: $0$020182019: $464$46420192020: $1.3M$1.3M2020+270039%2021: $7.5M$7.5M2021+497%2022: $3.9M$3.9M2022−48%2023: $664.6K$664.6K2023−83%
Gross profit78910114$379.2K in 2023
0$1.0M$2.0M$3.0M2018: $0$020182019: $0$020192020: $73.6K$73.6K20202021: $2.7M$2.7M2021+3541%2022: $2.5M$2.5M2022−7%2023: $379.2K$379.2K2023−85%
Operating income7911$496.0K in 2022
-$1.0M0$1.0M$2.0M$3.0M2018: $0$020182019: -$37.0K-$37.0K20192021: $2.2M$2.2M20212022: $496.0K$496.0K2022−78%
Net income7125$496.0K in 2023
-$1.0M0$1.0M$2.0M$3.0M2018: $0$020182019: -$37.0K-$37.0K20192020: -$83.0K-$83.0K2020+124%2021: $2.2M$2.2M20212022: $767.1K$767.1K2022−65%2023: $496.0K$496.0K2023−35%
Fiscal year201820192020202120222023
Revenue$07$4648$1.3M9$7.5M10$3.9M11$664.6K4
Cost of revenue$1.2M9$4.8M10$1.4M11$285.5K4
Gross profit$07$08$73.6K9$2.7M10$2.5M11$379.2K4
Selling, general and admin$07$718$156.5K8
Operating expenses$310.0K10$1.7M11$379.8K4
Operating income$07-$37.0K7$2.2M9$496.0K11
Interest$148$3.0K9$43510$22911
Income before tax$2.4M10$763.4K11-$6874
Income tax$08$06
Net income$07-$37.0K12-$83.0K5$2.2M5$767.1K5$496.0K5
Earnings per share$0.0110$0.0011$0.004
Earnings per share (diluted)$0.0011$0.004
Shares (weighted, basic)177.9M shares10182.4M shares11182.4M shares4
Shares (weighted, diluted)182.4M shares11182.4M shares4

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What it owns

What Video River Networks, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$40.1K4 Dec 31, 2023$101.1K11 Dec 31, 2022−60.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$23.2K4 Dec 31, 2024$7.0K4 Dec 31, 2023+231.2%
Marketable securities, current$78.1K4 Dec 31, 2024$2.6K4 Dec 31, 2023+2940.9%

Properties, in its own words

While we currently own zero investment properties in Los Angeles California, we do not own any commercial or industrial property as at the date of filing. Our principal business, executive and registered statutory office is located at 370 Amapola Ave., Suite 200A, Torrance, CA 90501 and our telephone number is (310) 895-1839 and email contact is invest@cbdxfund.com. The space is a shared office space, which at the current time is suitable for the conduct of our business.

Item 2 of the 10-K filed Apr 16, 2025.3

Leadership

Who has led Video River Networks, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Frank I. Igwealor2022–2023

President

  1. Frank I. Igwealor2022–2023
2025
Board members and other officers (1)

Former names

  • NIGHTHAWK SYSTEMS INCJul 14, 2003 to Aug 14, 20092
  • PEREGRINE INCMay 14, 2002 to Jun 16, 20032
  • LSI COMMUNICATIONS INCNov 24, 1999 to Apr 30, 20022

Timeline

  1. Aug 21, 20258-K Change of auditor18
  2. Nov 29, 20248-K Regulation FD disclosure; Other events19
  3. Jun 26, 20248-K Change of auditor20
  4. Oct 26, 2022New chief executive Frank I. Igwealor becomes CEO17
  5. Oct 18, 20218-K Other events21

Filings

55 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 4 major events, 20 insider forms, 13 other. The latest 20:

  1. Nov 5, 202515-15D EDGAR
  2. Aug 21, 20258-K EDGAR
  3. Aug 14, 202510-Q EDGAR
  4. May 20, 202510-Q EDGAR
  5. May 15, 2025NT 10-Q EDGAR
  6. Apr 16, 202510-K EDGAR
  7. Mar 27, 2025NT 10-K EDGAR
  8. Nov 29, 20248-K EDGAR
  9. Nov 19, 202410-Q EDGAR
  10. Nov 4, 2024NT 10-Q EDGAR
  11. Aug 15, 202410-Q EDGAR
  12. Aug 15, 2024NT 10-Q EDGAR
  13. Jun 26, 20248-K EDGAR
  14. May 20, 202410-Q EDGAR
  15. May 13, 2024NT 10-Q EDGAR
  16. Apr 17, 202410-K EDGAR
  17. Mar 28, 2024NT 10-K EDGAR
  18. Nov 13, 202310-Q EDGAR
  19. Sep 25, 20234/A EDGAR
  20. Sep 25, 20234 EDGAR

The 55 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 19 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2023Igwealor Frank IPresident and CEOBuy2,499,169Form 4
Sep 25, 2023Igwealor Frank IPresident and CEOBuy2,499,169Form 4
Oct 24, 2022Igwealor Frank IPresident and CEOBuy100,000$0.02$2.0KForm 4
May 24, 2022CANNABINOID BIOSCIENCES, INC.President and CEOBuy1,742,044$0.03$52.3KForm 4
Dec 30, 2021Video River Networks, Inc.President and CEOBuy861,000$0.13$111.9KForm 4
Dec 28, 2021Video River Networks, Inc.President and CEOBuy1,236,106$0.14$173.1KForm 4
Dec 21, 2021Video River Networks, Inc.President and CEOBuy1,175,574$0.15$176.3KForm 4
Dec 20, 2021Video River Networks, Inc.President and CEOBuy735,535$0.15$110.3KForm 4
Dec 18, 2021Video River Networks, Inc.President and CEOBuy1,371,751$0.14$192.0KForm 4
Dec 16, 2021Video River Networks, Inc.President and CEOBuy711,809$0.15$106.8KForm 4
Dec 15, 2021Video River Networks, Inc.President and CEOBuy387,349$0.14$54.2KForm 4
Dec 14, 2021Video River Networks, Inc.President and CEOBuy320,000$0.13$41.6KForm 4
Dec 13, 2021Video River Networks, Inc.President and CEOBuy230,000$0.12$27.6KForm 4
Dec 10, 2021Video River Networks, Inc.President and CEOBuy233,502$0.12$28.0KForm 4
Dec 9, 2021Video River Networks, Inc.President and CEOBuy261,000$0.12$31.3KForm 4
Dec 3, 2021Video River Networks, Inc.President and CEOBuy1,183,733$0.10$118.4KForm 4
Nov 30, 2021Video River Networks, Inc.President and CEOBuy463,502$0.09$41.7KForm 4
Nov 18, 2021Video River Networks, Inc.President and CEOBuy508,733$0.09$45.8KForm 4
Nov 17, 2021Video River Networks, Inc.President and CEOBuy2,463,925$0.09$221.8KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How Video River Networks, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVideo River Networks, Inc.1
  • CIK0001084475
  • Employer ID (EIN)87-06273493
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6500 Real Estate1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address1333 N. Buffalo Dr., Suite 210, Las Vegas, NV 891281
  • Phone50158428531
  • Shares outstanding182,370,497 as of Jun 30, 20255
  • Public float$1.8M as of Dec 31, 20243
  • AuditorOLAYINKA OYEBOLA & CO., Lagos, Nigeria PCAOB ID 59683
  • On EDGAR sinceNov 24, 19991
  • Filings239 in all: 4 (35), NT 10-Q (26), 8-K (24), 10QSB (22), 10-Q (21), NT 10-K (13), UPLOAD (9), 10-K (8)1
    All 42 form types

    10KSB (8), CORRESP (8), 3 (6), 10QSB/A (5), 5 (5), 10-12G/A (4), 10-Q/A (4), RW (4), 10-K/A (3), 10SB12G (3), 10SB12G/A (3), 424B5 (2), 8-K/A (2), DEF 14A (2), S-8 (2), SC 13D (2), 10-12G (1), 10KSB/A (1), 15-12G (1), 15-15D (1), 4/A (1), 424B3 (1), EFFECT (1), NT 10-Q/A (1), NTN 10Q (1), PRE 14A (1), PRE 14C (1), S-1 (1), S-1/A (1), S-8 POS (1), SB-2 (1), SB-2/A (1), SC 13G (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2025
    Quarterly report (10-Q) Aug 14, 2025
    Proxy statement (DEF 14A) Jan 28, 2005
    Latest 8-K (8-K) Aug 21, 2025

Risk factors and legal proceedings

The risks Video River Networks, Inc. names in Item 1A of its 10-K filed Apr 16, 2025: 58 risks under these headings, as written.3

  • Our independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.”
  • RISKS RELATED TO OUR INDUSTRY
  • Our limited operating history makes evaluating our business and future prospects difficult, and may increase the risk of your investment.
  • We would significantly be dependent upon revenue generated from the sale of our yet-to-be-made electric vehicles, and our success would be dependent upon our ability to design and achieve market acceptance of new electric vehicle models
  • Increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, could harm our business.
  • Our future growth would be dependent upon consumers’ willingness to adopt electric vehicles.
  • The operation of electric vehicles is different from internal combustion engine vehicles and customers may experience difficulty operating them properly, including difficulty transitioning between different methods of braking.
  • Developments in alternative technologies or improvements in the internal combustion engine may materially adversely affect the demand for our electric vehicles.
  • If we are unable to design, develop, market and sell new electric vehicles and services that address additional market opportunities, our business, prospects and operating results will suffer.
  • Demand in the automobile industry is highly volatile.
  • Risks Related to Our Business
  • We have a limited operating history, and may not be able to operate our business successfully or generate sufficient cash flow to sustain distributions to our stockholders.
The other 48 risks
  • Risks Related to Our Real Estate Investments and Operations
  • Our current real estate portfolio consists of zero investment properties and will likely continue to be concentrated in a limited number of properties in the future, which subjects us to an increased risk of significant loss if any property declines in value or if we are unable to lease a property.
  • General real estate investment risks may adversely affect property income and values.
  • Short-term leases expose us to the effects of declining market rents, and the Company may be unable to renew leases or relet units as leases expire.
  • National and regional economic environments can negatively impact the Company’s liquidity and operating results.
  • Rent control, or other changes in applicable laws, or noncompliance with applicable laws, could adversely affect the Company’s operations or expose us to liability.
  • Acquisitions of multifamily properties involve various risks and uncertainties and may fail to meet expectations.
  • Development and redevelopment activities may be delayed, not completed, and/or not achieve expected results.
  • Our apartment multifamily properties may be subject to unknown or contingent liabilities which could cause us to incur substantial costs.
  • The geographic concentration of the Company’s multifamily properties and fluctuations in local markets may adversely impact the Company’s financial condition and operating results.
  • Our success depends on certain key personnel.
  • We rely on highly skilled and qualified personnel, and if we are unable to continue to attract and retain such qualified personnel it will adversely affect our businesses.
  • If we are unable to effectively manage organizational productivity and global supply chain efficiency and flexibility, then our business could be adversely affected.
  • Our operating results may fluctuate significantly, which may cause the market price of our common stock to decrease significantly.
  • We have a history of losses, have generated limited revenue to date, and may continue to suffer losses in the future.
  • We will require substantial additional funding, which may not be available to us on acceptable terms, or at all, and, if not available may require us to delay, scale back or cease our marketing or product development activities and operations.
  • We may sell additional equity or debt securities or enter into other arrangements to fund our operations, which may result in dilution to our stockholders and impose restrictions or limitations on our business.
  • Acquisitions we pursue in our industry and related industries could result in operating difficulties, dilution to our stockholders and other consequences harmful to our business.
  • We face significant risks associated with the development and redevelopment of properties that we acquire.
  • Liability for uninsured losses could adversely affect our financial condition.
  • Contingent or unknown liabilities could materially and adversely affect our business, financial condition, liquidity and results of operations.
  • The assets we acquire may be subject to impairment charges.
  • We may purchase properties subject to ground leases that expose us to the loss of such properties upon breach or termination of the ground leases.
  • Interruption or failure of our information technology systems could impair our ability to effectively and timely provide our services and products, which could damage our reputation and have an adverse impact on our operating results.
  • Our insurance policies are expensive and only protect us from some business risks, which will leave us exposed to significant uninsured liabilities.
  • Future tax law changes and/or interpretation of existing tax laws may adversely affect our effective income tax rate and the resolution of unrecognized tax benefits.
  • Potential liabilities and costs from litigation and other legal proceedings could adversely affect our business.
  • Historical financial statements may not be reflective of our future results of operations, cash flows, and financial condition.
  • The occurrence of cyber incidents or cyber attacks could disrupt our operations, result in the loss of confidential information and/or damage our business relationships and reputation.
  • Risks Related to Financing Our Business
  • Our growth depends on external sources of capital, which may not be available on favorable terms or at all. If this source of funding is unavailable to us, our growth may be limited and our levered return on the properties we purchase may be lower.
  • Any future indebtedness reduces our cash available for distribution and may expose us to the risk of default.
  • Risks Related to Our Organization and Structure
  • We are dependent on our key personnel for our success.
  • Our senior management team would manage our portfolio subject to very broad investment guidelines.
  • Our board of directors may change our investment objectives and strategies without stockholder consent.
  • Our authorized but unissued shares of common and preferred stock may prevent a change in our control.
  • Severance agreements with our executive officers could be costly and prevent a change in our control.
  • Because of our holding company structure, we depend on our Operating Partnership and its subsidiaries for cash flow and we will be structurally subordinated in right of payment to the obligations of such operating subsidiary and its subsidiaries.
  • Our Operating Partnership may issue additional limited partnership interests to third parties without the consent of our stockholders, which would reduce our ownership percentage in our Operating Partnership and would have a dilutive effect on the amount of distributions made to us by our Operating Partnership and, therefore, the amount of distributions we can make to our stockholders.
  • If we issue limited partnership interests in our Operating Partnership in exchange for property, the value placed on such partnership interests may not accurately reflect their market value, which may dilute your interest in us.
  • Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event of actions not in your best interests.
  • We plan to continue to operate our business so that we are not required to register as an investment company under the Investment Company Act.
  • Risks Related to Our Common Stock
  • There currently is only a minimal public market for our common stock. Failure to develop or maintain a trading market could negatively affect the value of our common stock and make it difficult or impossible for you to sell your shares.
  • The market price for our common stock is particularly volatile given our status as a relatively unknown company with a small and thinly traded public float, limited operating history and lack of profits which could lead to wide fluctuations in our share price. You may be unable to sell your common stock at or above your conversion price, which may result in substantial losses to you.
  • The application of the “penny stock” rules could adversely affect the market price of our common stock and increase your transaction costs to sell those shares.
  • The application of Rule 144 creates some investment risk to potential investors; for example, existing shareholders may be able to rely on Rule 144 to sell some of their holdings, driving down the price of the shares you purchased.
  • Frank I Igwealor, our majority stockholder, director and executive officer, owns a large percentage of our voting stock, which allows him to exercise significant influence over matters subject to stockholder approval.
  • We may enter into acquisitions and take actions in connection with such transactions that could adversely affect our business and results of operations.
  • Social Media Presents Risks.
  • We are, and may continue to be, subject to material litigation, including individual and class action lawsuits, as well as investigations and enforcement actions by regulators and governmental authorities. These matters are often expensive and time consuming, and, if resolved adversely, could adversely affect our business, operating results, and financial condition.

Legal proceedings

From time to time we may be involved in litigation relating to claims arising out of the operation of our business in the normal course of business. Other than as described below, as of the date of this filing we are not aware of potential dispute or pending litigation and are not currently involved in a litigation proceeding or governmental actions the outcome of which in management’s opinion would be material to our financial condition or results of operations. An adverse result in these or other matters may have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.

GiveMePower is currently in litigation with the United States Securities and Exchange Commission in an action filed by the SEC in the Central District of California styled Securities and Exchange Commission v. Frank Igwealor, et al., 2:24-cv-09941-SRM-PD.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events