Video River Networks, Inc. is a technology holding company focused on electric vehicles and AI-driven technologies, pivoting from a previous emphasis on real estate and utility solutions.

# Company Overview: Video River Networks, Inc.

## General Information
- **Company Name**: Video River Networks, Inc.
- **Former Name**: Nighthawk Systems Inc.
- **Headquarters**: 370 Amapola Ave., Suite 200A, Torrance, California 90501
- **Telephone**: (310) 895-1839
- **Industry Focus**: Technology, specifically Electric Vehicles (EV), Artificial Intelligence (AI), Machine Learning (ML), and Robotics (R).

## Business Model and Operations
Video River Networks, Inc. operates as a technology holding firm that manages a portfolio focused on:
1. **Electric Vehicles (EV)**: 
   - Targeting acquisition and development of businesses that design, manufacture, and sell high-performance fully electric vehicles.
   - The EV business model is newly established as of the third quarter of 2020, following a pivot from real estate operations.
  
2. **Artificial Intelligence (AI), Machine Learning (ML), and Robotics (R)**:
   - Focused on businesses that utilize AI, ML, and robotics technologies to enhance operations in sectors such as battery technology, power controls, and wireless technology.
   - The company also specializes in residential utility meters, remote monitoring, and mission-critical devices.

3. **Historical Operations**: Previously focused on wireless control solutions for utility and hospitality industries, and specialized real estate holding until the strategic pivot in 2020.

## Financial Performance
- **Revenue**: 
  - For the fiscal year ended December 31, 2024, the company reported zero revenue from its main business operations but recorded a one-time income of $1,562,067 from the disposition of an operating unit.
  - In the fiscal year ended December 31, 2023, total revenue was $664,613, primarily from previous operations, including $1,513,535 from the Entrepreneurship Development Initiative and net losses of $848,922 from principal transactions.

- **Net Income**:
  - The net income for the year ended December 31, 2024, was $1,462,828, compared to a net income of $496,026 for the year ended December 31, 2023.

- **Accumulated Deficit**: 
  - As of December 31, 2024, the company reported an accumulated deficit of $17,928,164, indicating historical losses.

## Customer Base and Employee Structure
- **Number of Customers**: Specific customer count not detailed in the report. The company is in the process of establishing its market presence after returning to a technology-focused business model.
  
- **Employees**: 
  - As of December 31, 2024, the company had no W-2 employees, instead relying on officers and directors who provide services without pay until formal employment contracts are established.

## Future Plans
- **Strategic Objectives**:
  - Continuing to identify and acquire businesses in the EV, AI, ML, and Robotics sectors.
  - Utilizing proceeds from the eventual sale of properties to fund operations and acquisitions.
  - Focus on building a portfolio of high-performance electric vehicles and innovative technology solutions.

## Summary
Video River Networks, Inc. is transitioning from a past focus on real estate and utility solutions to a current focus on advancing technologies in electric vehicles and AI-driven applications. Despite challenges such as accumulated losses and lack of significant operational revenue, the company is positioning itself for growth in emerging technology markets while managing its financial strategies to support ongoing and future operations.

Video River Networks, Inc. (NIHK) is a technology holding company that focuses on electric vehicles, artificial intelligence, machine learning, and robotics, aiming to drive sustainable growth and shareholder value in North America.

# Summary of Video River Networks, Inc. (NIHK)

## Company Overview
Video River Networks, Inc., also known as NIHK, is a technology holding firm based in Nevada. The company focuses on managing a portfolio that includes Electric Vehicles (EV), Artificial Intelligence (AI), Machine Learning (ML), and Robotics (R). It primarily targets the North American market.

### Business Focus
The company's operations comprise several technology-driven sectors:
- **Electric Vehicles (EV)**: Designing, developing, manufacturing, and selling high-performance, affordable fully electric vehicles.
- **Power Controls**: Designing, manufacturing, installing, and selling power control systems.
- **Battery Technology**: Development and commercialization of advanced battery technologies.
- **Wireless Technology**: Solutions for wireless communication in various applications.
- **Residential Utility Meters**: Designing, manufacturing, and selling remote, mission-critical utility metering devices primarily engineered through AI, ML, and robotics technologies.

### Corporate History and Transition
- Originally established as a specialty real estate firm, NIHK transitioned back to a technology-focused business model as of September 15, 2020, to focus on the technology sector once more.
- The company was previously known as Nighthawk Systems, Inc. and operated in the utility and hospitality industries, providing wireless control solutions.
- In late 2019, Community Economic Development Capital LLC (CED Capital) became a controlling entity, leading to a merger that expanded NIHK's portfolio to include specialty real estate operations.

## Current Status
As of December 31, 2023:
- **Number of Employees**: The company reported having no W-2 employees but operates with three officers and directors who provide services without pay.
- **Revenue**: NIHK reported revenue of $664,613.
- **Net Income (Loss)**: The company has an accumulated deficit of $15,898,383 as of the same date.

### Customer Base
The company has not specified the exact number of customers; however, it targets both the consumer market for electric vehicles and industrial users for its power control and battery technologies.

## Business Strategy
NIHK aims to maximize shareholder returns through:
1. **Acquisitions and Rollups**: Seeking potential business combinations and partnerships in the EV, AI, ML, and robotics sectors.
2. **Sustainable Growth**: Focusing on long-term growth from acquired assets and increasing cash flows.
3. **Technology Advancements**: Developing cutting-edge solutions to lead in the EV and related technology markets.

## Future Plans
The company is in the process of finalizing acquisitions of electric vehicle manufacturers and developing its own vehicle model, intending to enter the market with products that satisfy modern consumer needs. 

---

This summary provides a concise overview of Video River Networks, Inc., focusing on its business activities, corporate history, financial status, and strategic direction.

Video River Networks, Inc.

10-K / April 16, 2025

10-K / April 17, 2024

10-K / April 16, 2025

Company Overview: Video River Networks, Inc.

General Information

Business Model and Operations

Financial Performance

Customer Base and Employee Structure

Future Plans

Summary