10-K Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001493152-15-004104`
Period End Date	20130630
Filing Date	20150901
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	nseh-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 40 Cash Flow Statement 53 Stockholders Equity 23

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.90K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$471.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$10.00	USD	Point-in-time
Total assets	`Assets`	$471.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.75B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.75B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	327.22M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	508.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	508.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	327.22M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$380.96K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$478.72K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.42M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$751.92K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$976.04K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.19M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.88M	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleNotesPayableCurrent`	$1.50M	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleNotesPayableCurrent`	$1.59M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$265.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$265.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$5.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.42M	USD	Point-in-time
Common stock, $0.001, 3,750,000,000 shares authorized: 508,383,202 shares and 327,216,535 shares issued and outstanding at June 30, 2013 and 2012, respectively	`CommonStockValue`	$327.22K	USD	Point-in-time
Common stock, $0.001, 3,750,000,000 shares authorized: 508,383,202 shares and 327,216,535 shares issued and outstanding at June 30, 2013 and 2012, respectively	`CommonStockValue`	$508.38K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$35.49M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$34.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.31M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.28M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$10.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$471.00	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	Annual
Net revenues	`Revenues`	-	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$505.81K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$934.21K	USD	Annual
Total operating expenses	`OperatingExpenses`	$934.21K	USD	Annual
Total operating expenses	`OperatingExpenses`	$505.81K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-505.81K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-934.21K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$5.56K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$26.09K	USD	Annual
Interest expense	`InterestExpenseOther`	$385.09K	USD	Annual
Interest expense	`InterestExpenseOther`	$272.69K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-267.13K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-359.00K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-772.94K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.29M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.29M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-772.94K	USD	Annual
Gain from settlement of liabilities of discontinued operations, net of tax	`GainsLossesOnExtinguishmentOfDebt`	$1.88M	USD	Annual
Gain from settlement of liabilities of discontinued operations, net of tax	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.29M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.10M	USD	Annual
Preferred stock dividend	`DividendsPreferredStockStock`	$74.80K	USD	Annual
Preferred stock dividend	`DividendsPreferredStockStock`	$74.80K	USD	Annual
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	Annual
Net income (loss) available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.37M	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.24M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	406.22M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	325.24M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	644.13M	shares	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`IncomeLossFromContinuingOperations`	$1.10M	USD	Annual
Net income (loss)	`IncomeLossFromContinuingOperations`	$-1.29M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$159.11K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.71K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$195.28K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Interest expense included in the principal amount of convertible notes	`InterestExpenseDebt`	-	USD	Annual
Interest expense included in the principal amount of convertible notes	`InterestExpenseDebt`	$50.00K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$5.56K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$26.09K	USD	Annual
Gain from settlement of liabilities of discontinued operations	`GainsLossesOnExtinguishmentOfDebt`	$1.88M	USD	Annual
Gain from settlement of liabilities of discontinued operations	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Litigation claim receivable	`LossContingencyRelatedReceivableCarryingValuePeriodIncreaseDecrease`	$315.00K	USD	Annual
Litigation claim receivable	`LossContingencyRelatedReceivableCarryingValuePeriodIncreaseDecrease`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-104.97K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$97.75K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$263.52K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$271.90K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$201.09K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$218.98K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-281.89K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-144.54K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$237.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$55.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$32.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$90.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$145.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$269.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$461.00	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.89K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.00	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.90K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.00	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$12.90K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Contributed capital in connection with the forgiveness of officers compensation	`ContributedCapitalInConnectionWithForgivenessOfOfficersCompensation`	-	USD	Annual
Contributed capital in connection with the forgiveness of officers compensation	`ContributedCapitalInConnectionWithForgivenessOfOfficersCompensation`	$282.00K	USD	Annual
Issuance of common stock for conversion of debt	`IssuanceOfCommonStockForConversionOfDebt`	$15.83K	USD	Annual
Issuance of common stock for conversion of debt	`IssuanceOfCommonStockForConversionOfDebt`	$31.50K	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	$500.00K	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	-	USD	Annual
Issuance of common stock pursuant to a non-cash exercise of options to satisfy debt	`StockIssued1`	$150.00K	USD	Annual
Issuance of common stock pursuant to a non-cash exercise of options to satisfy debt	`StockIssued1`	-	USD	Annual
Preferred stock dividend	`PreferredStockDividends`	$74.80K	USD	Annual
Preferred stock dividend	`PreferredStockDividends`	$74.80K	USD	Annual
Reclassification of derivative liabilities to equity	`ReclassificationOfDerivativeLiabilitiesToEquity`	$149.72K	USD	Annual
Reclassification of derivative liabilities to equity	`ReclassificationOfDerivativeLiabilitiesToEquity`	-	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.50M	USD	Point-in-time
Issuance of common stock for conversion of debt	`DebtConversionConvertedInstrumentAmount1`	$15.83K	USD	Annual
Issuance of common stock for conversion of debt	`DebtConversionConvertedInstrumentAmount1`	$25.00K	USD	Annual
Issuance of common stock for conversion of debt , shares	`DebtConversionConvertedInstrumentSharesIssued1`	5.00M	shares	Annual
Issuance of common stock for settlement of debt	`IssuanceOfCommonStockForSettlementOfDebt`	$6.50K	USD	Annual
Issuance of warrants to various note holders for payment of interest	`IssuanceOfWarrantsToVariousNoteHoldersForPaymentOfInterest`	$92.00K	USD	Annual
Issuance of warrants for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$103.28K	USD	Annual
Preferred stock dividend	`AdjustmentsToAdditionalPaidInCapitalPreferredStockDividend`	-	USD	Annual
Preferred stock dividend	`AdjustmentsToAdditionalPaidInCapitalPreferredStockDividend`	-	USD	Annual
Reclassification of derivative liabilities to equity	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfDerivativeLiabilitiesToEquity`	$149.72K	USD	Annual
Issuance of common stock for cash	`StockIssuedDuringPeriodValueOther`	$90.00K	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensationValue`	$500.00K	USD	Annual
Issuance of common stock pursuant to a non-cash exercise of options to satisfy debt	`StockIssuedDuringPeriodValueStockOptionsExercised`	$150.00K	USD	Annual
Issuance of common stock pursuant to a non-cash exercise of options to satisfy debt, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Issuance of common stock pursuant to a non-cash exercise of options to satisfy debt, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-60.00M	shares	Annual
Contributed capital in connection with the forgiveness of officer's compensation	`AdjustmentsToAdditionalPaidInCapitalOther`	$282.00K	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$-1.29M	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$1.10M	USD	Annual
Balance	`StockholdersEquity`	$-4.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.50M	USD	Point-in-time

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