10-K/A Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 FY 2014

Filing Information

Form Type	10-K/A
Accession Number	`0001493152-16-007138`
Period End Date	20140630
Filing Date	20160204
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	nseh-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 40 Cash Flow Statement 54 Stockholders Equity 23

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Discount of convertible notes payable	`DebtInstrumentUnamortizedDiscount`	$106.16K	USD	Point-in-time
Discount of convertible notes payable	`DebtInstrumentUnamortizedDiscount`	$106.16K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.00	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
Total current assets	`AssetsCurrent`	$471.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.00	USD	Point-in-time
Total assets	`Assets`	$471.00	USD	Point-in-time
Total assets	`Assets`	$65.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	482.38M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$437.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$478.72K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	805.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	805.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	482.38M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$751.92K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$167.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.20M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$729.85K	USD	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.51M	USD	Point-in-time
Convertible notes payable to ASC Recap LLC, net of discount of $106,164	`ConvertibleNotesPayableToRelatedParties`	$43.84K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC, net of discount of $106,164	`ConvertibleNotesPayableToRelatedParties`	-	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleNotesPayableCurrent`	$1.12M	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleNotesPayableCurrent`	$1.72M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$40.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$265.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$356.29K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.40M	USD	Point-in-time
Common stock, $0.001 par value, 10,000,000,000 shares authorized: 805,603,202 shares and 482,383,202 shares issued and outstanding at June 30, 2014 and 2013, respectively (See Note 6)	`CommonStockValue`	$482.38K	USD	Point-in-time
Common stock, $0.001 par value, 10,000,000,000 shares authorized: 805,603,202 shares and 482,383,202 shares issued and outstanding at June 30, 2014 and 2013, respectively (See Note 6)	`CommonStockValue`	$805.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$35.01M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$34.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.21M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.42M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.42M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.45M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$65.00	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`	$405.05K	USD	Annual
Total operating expenses	`OperatingExpenses`	$505.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$405.05K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-505.81K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-405.05K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$204.28K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-2.01K	USD	Annual
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$5.56K	USD	Annual
Interest expense	`InterestExpense`	$191.72K	USD	Annual
Interest expense	`InterestExpense`	$284.13K	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-564.56K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-278.58K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-962.56K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.37M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-784.39K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.37M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-784.39K	USD	Annual
Gain from settlement of liabilities of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$1.88M	USD	Annual
Gain from settlement of liabilities of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.09M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	390.36M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	509.28M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	509.28M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	674.52M	shares	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.09M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$3.71K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$43.84K	USD	Annual
Interest expense included in the principal amount of convertible notes	`InterestExpenseDebt`	$50.00K	USD	Annual
Interest expense included in the principal amount of convertible notes	`InterestExpenseDebt`	-	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-564.56K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-2.01K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$5.56K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$204.28K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
(Gain) from settlement of liabilities of discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$1.88M	USD	Annual
(Gain) from settlement of liabilities of discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.14K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$97.75K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$240.00K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$263.52K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$230.42K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$147.88K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-144.54K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$128.50K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$145.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$145.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$128.50K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$461.00	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-406.00	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash at beginning 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`	$65.00	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.00	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`	$20.00K	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	-	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	$500.00K	USD	Annual
Issuance of common stock pursuant to a non-cash exercise of options to satisfy debt	`StockIssued1`	-	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 to partially satisfy settlement payable to ASC Recap	`IssuanceOfCommonStockToPartiallySatisfySettlementPayableToRelatedParty`	$365.37K	USD	Annual
Issuance of common stock to partially satisfy settlement payable to ASC Recap	`IssuanceOfCommonStockToPartiallySatisfySettlementPayableToRelatedParty`	-	USD	Annual
Satisfaction of accrued compensation as part of the obligation to ASC Recap	`SatisfactionOfAccruedCompensationAsPartOfObligationToRelatedParty`	-	USD	Annual
Satisfaction of accrued compensation as part of the obligation to ASC Recap	`SatisfactionOfAccruedCompensationAsPartOfObligationToRelatedParty`	$745.50K	USD	Annual
Satisfaction of convertible notes payable and accrued interest as part of the obligation to ASC Recap	`SatisfactionOfConvertibleNotesPayableAndAccruedInterestAsPartOfObligationToRelatedParty`	$1.53M	USD	Annual
Satisfaction of convertible notes payable and accrued interest as part of the obligation to ASC Recap	`SatisfactionOfConvertibleNotesPayableAndAccruedInterestAsPartOfObligationToRelatedParty`	-	USD	Annual
Satisfaction of accounts payable and accrued expenses as part of the obligation to ASC Recap	`SatisfactionOfAccountsPayableAndAccruedExpensesAsPartOfObligationToRelatedParty`	-	USD	Annual
Satisfaction of accounts payable and accrued expenses as part of the obligation to ASC Recap	`SatisfactionOfAccountsPayableAndAccruedExpensesAsPartOfObligationToRelatedParty`	$96.08K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Dividend per year	`DividendsCommonStockCash`	$74.80K	USD	Annual
Balance	`StockholdersEquity`	$-4.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.45M	USD	Point-in-time
Reverse recorded issuance of shares that were actually convertible note borrowings	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-90.00K	USD	Annual
Reverse recorded issuance of shares that were actually convertible note borrowings	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-35.00K	USD	Annual
Reverse recorded dividend not declared (5 yrs @ $74,800/year)	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	-	USD	Annual
Reverse recorded dividend not declared (5 yrs @ $74,800/year)	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	-	USD	Annual
Issuance of common stock for conversion of debt	`DebtConversionConvertedInstrumentAmount1`	$20.00K	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`	100.00M	shares	Annual
Issuance of common stock for conversion of debt , shares	`DebtConversionConvertedInstrumentSharesIssued1`	1.00M	shares	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
Preferred stock dividend	`AdjustmentsToAdditionalPaidInCapitalPreferredStockDividend`	-	USD	Annual
Issuance of common stock to partially satisfy payable to ASC Recap, LLC	`StockIssuedDuringPeriodValueForPartiallySatisfyPayableToRelatedParty`	$365.37K	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$1.09M	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$-1.37M	USD	Annual
Balance	`StockholdersEquity`	$-4.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.45M	USD	Point-in-time

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