REDFIN NETWORK, INC.

CIK:0001100394|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUES
Sales	$ 597,670	$ 779,908	$ 2,035,495	$ 2,367,236
Cost of Goods Sold	367,574	493,314	1,262,955	1,453,740
Total Gross Income	230,096	286,594	772,541	913,496
EXPENSES
Administrative Expenses	332,004	464,993	1,034,320	1,197,472
Professional and Consulting	11,294	55,281	95,279	143,021
Depreciation and Amortization	4,357	10,176	13,071	30,528
Total Expenses	347,655	530,450	1,142,670	1,371,021
Net Loss before other income (expense)	(117,559)	(243,856)	(370,130)	(457,525)
Other Income (Expense)	22,954	131	56,361	147
Interest Income (Expense)	(65,569)	(58,639)	(182,793)	(143,553)
Derivative and Liquidating Income (Expense)	(49,169)	(20,311)	(49,063)	(91,347)
Net loss before Provision for Income Taxes	(209,343)	(322,676)	(545,624)	(692,278)
Provision for Income Taxes
NET LOSS	$ (209,343)	$ (322,676)	$ (545,624)	$ (692,278)
Net Income (Loss) per Common Share
Basic	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
Diluted	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
Weighted Average Number of Shares Common Shares Outstanding -
Basic	88,165,428	76,710,928	85,714,112	73,401,433
Diluted	88,165,428	76,710,928	85,714,112	73,401,433

STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	Sep. 30, 2012	Sep. 30, 2011
Cash Flows From Operating Activities
Net Loss	$ (545,624)	$ (692,278)
Derivative and Liquidating Expenses	49,063	91,347
Depreciation	6,089	1,257
Amortization	6,981	29,271
Equity Issued for Sevices and Interest	20,000	111,500
Amortization Debt Discount	35,376
Inventory	(8,866)	(50,432)
Customer Deposits	35,442	8,164
Product Deposits	(36,330)	(15,062)
Employee Advances	6,593	6,211
Accrued Expenses	26,117	39,857
Accounts Receivable	40,124	(36,221)
Accounts Payable	(20,073)	(162,859)
Net Cash (Used) by Operating Activities	(385,109)	(669,246)
Cash Flows From Investing Activities
Refundable Deposits	44,812	(12,863)
Purchase of Equipment	(9,649)	(7,645)
Net Cash Provided by (Used) in Investing Activities	35,162	(20,508)
Cash Flows From Financing Activities
Notes Payable Proceeds	437,500	225,500
Notes Payable and Line of Credit Repayments	(69,169)	(92,000)
Cash Overdraft	(62,416)	(8,992)
Line of Credit Advances		298,000
Notes Payable - Related Parties Repaid	(43,355)	(40,000)
Note Payable - Related Parties	90,686	65,000
Proceeds from the sale of Common Stock		271,850
Net Cash Provided by Financing Activities	353,246	719,358
Net Change in Cash	3,299	29,604
Cash and Cash Equivalents - Beginning
Cash and Cash Equivalents - Ending	3,299	29,604
Supplemental Cash Flow Disclosures
Taxes
Interest
Non-Cash Financing Transactions:
Conversion of Indebtedness for Equity	105,500	144,697

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash	$ 3,299
Accounts receivable, Net	88,192	128,316
Employee Advances	9,729	16,322
Inventory	123,601	114,735
Product Deposits	36,330
Prepaid Expenses	4,483	4,483
Total Current Assets	265,635	263,856
FURNITURE AND EQUIPMENT (NET)	12,074	18,164
OTHER ASSETS
Refundable Deposits	4,518	49,330
Intangible, Net	15,443	12,775
Total Other Assets	19,962	62,105
TOTAL ASSETS	297,671	344,125
CURRENT LIABILITIES
Cash Overdraft		62,416
Accounts Payable	307,236	327,309
Deposits Payable	63,311	27,869
Accrued Expenses	75,526	51,630
Notes Payable	367,070	144,491
Notes Payable - Related Parties	50,814
Lines of Credit	1,387,500	1,381,000
Convertible Notes	178,000	155,500
Derivative and Liquidating Liabilities	398,926	349,863
Total Current Liabilities	2,828,383	2,500,079
LONG TERM LIABILITIES
Notes Payable	32,500	52,000
Total Long Term Liabilites	32,500	52,000
STOCKHOLDERS' DEFICIT
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.	88,915	82,513
Additional Paid in Capital	5,873,563	5,689,600
Accumulated Deficit	(8,525,691)	(7,980,067)
Total Stockholders' Deficit	(2,563,213)	(2,207,953)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 297,671	$ 344,125