10-K Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001493152-16-008799`
Period End Date	20150630
Filing Date	20160411
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	nseh-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 28 Cash Flow Statement 52 Stockholders Equity 16

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Discount of convertible notes payable	`DebtInstrumentUnamortizedDiscount`	$106.16K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Discount of convertible notes payable	`DebtInstrumentUnamortizedDiscount`	-	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
Total current assets	`AssetsCurrent`	$65.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.13K	USD	Point-in-time
Total assets	`Assets`	$6.13K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total assets	`Assets`	$65.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$437.92K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$440.64K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$167.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$342.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	805.60M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$729.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	805.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.18B	shares	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 in 2014	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$43.84K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC, net of discount of $106,164 in 2014	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$150.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.42M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.12M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$40.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$90.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$356.29K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$295.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.89M	USD	Point-in-time
Common stock, $0.001 par value, 10,000,000,000 shares authorized: 2,176,954,202 shares and 805,603,202 shares issued and outstanding at June 30, 2015 and 2014, respectively	`CommonStockValue`	$2.18M	USD	Point-in-time
Common stock, $0.001 par value, 10,000,000,000 shares authorized: 2,176,954,202 shares and 805,603,202 shares issued and outstanding at June 30, 2015 and 2014, respectively	`CommonStockValue`	$805.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$34.11M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$35.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.21M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.42M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$65.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.13K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	Annual
Net revenues	`Revenues`	-	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$358.66K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$405.05K	USD	Annual
Total operating expenses	`OperatingExpenses`	$405.05K	USD	Annual
Total operating expenses	`OperatingExpenses`	$358.66K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-405.05K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-358.66K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$204.28K	USD	Annual
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$60.48K	USD	Annual
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-2.01K	USD	Annual
Interest expense	`InterestExpenseOther`	$310.86K	USD	Annual
Interest expense	`InterestExpenseOther`	$191.72K	USD	Annual
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	Annual
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-564.56K	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-339.42K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-601.73K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-962.56K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-960.39K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.58B	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	509.28M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	509.28M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.58B	shares	Annual
Net loss	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net loss	`EarningsPerShareBasicAndDiluted`	-	USD	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-960.39K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$106.16K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$43.84K	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`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-564.56K	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-339.42K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$60.48K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-2.01K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$204.28K	USD	Annual
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	Annual
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.72K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.14K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$240.00K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$175.00K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$147.88K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$206.70K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-178.94K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$185.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$128.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$128.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$185.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-406.00	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.07K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Issuance of common stock for conversion of debt	`IssuanceOfCommonStockForConversionOfDebt`	$20.00K	USD	Annual
Issuance of common stock for conversion of debt	`IssuanceOfCommonStockForConversionOfDebt`	-	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	-	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	-	USD	Annual
Issuance of common stock to settle liability to IBC Funds	`IssuanceOfCommonStockToSettleLiabilityToRelatedParty`	-	USD	Annual
Issuance of common stock to settle liability to IBC Funds	`IssuanceOfCommonStockToSettleLiabilityToRelatedParty`	$447.87K	USD	Annual
Issuance of common stock to partially satisfy settlement payable to ASC Recap	`IssuanceOfCommonStockToPartiallySatisfySettlementPayableToRelatedParty`	$24.89K	USD	Annual
Issuance of common stock to partially satisfy settlement payable to ASC Recap	`IssuanceOfCommonStockToPartiallySatisfySettlementPayableToRelatedParty`	$365.37K	USD	Annual
Satisfaction of accrued compensation as part of the obligation to ASC Recap	`SatisfactionOfAccruedCompensationAsPartOfObligationToRelatedParty`	$745.50K	USD	Annual
Satisfaction of accrued compensation as part of the obligation to ASC Recap	`SatisfactionOfAccruedCompensationAsPartOfObligationToRelatedParty`	-	USD	Annual
Satisfaction of convertible notes payable and accrued interest as part of the obligation to ASC Recap	`SatisfactionOfConvertibleNotesPayableAndAccruedInterestAsPartOfObligationToRelatedParty`	-	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 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 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.42M	USD	Point-in-time
Issuance of common stock for conversion of debt	`DebtConversionConvertedInstrumentAmount1`	$20.00K	USD	Annual
Issuance of common stock to partially satisfy payable to ASC Recap, LLC	`StockIssuedDuringPeriodValueForPartiallySatisfyPayableToRelatedParty`	$24.89K	USD	Annual
Issuance of common stock to partially satisfy payable to ASC Recap, LLC	`StockIssuedDuringPeriodValueForPartiallySatisfyPayableToRelatedParty`	$365.31K	USD	Annual
Issuance of common stock to IBC	`StockIssuedDuringPeriodValueNewIssues`	$447.87K	USD	Annual
Issuance of common stock to IBC	`StockIssuedDuringPeriodValueNewIssues`	$365.31K	USD	Annual
Issuance of common stock to IBC	`StockIssuedDuringPeriodValueNewIssues`	$365.31K	USD	1 Quarter
Issuance of common stock to IBC, shares	`StockIssuedDuringPeriodSharesNewIssues`	82.89M	shares	Point-in-time
Issuance of common stock to IBC, shares	`StockIssuedDuringPeriodSharesNewIssues`	322.22M	shares	1 Quarter
Net loss for the year ended	`NetIncomeLoss`	$-960.39K	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$-1.37M	USD	Annual
Balance	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.42M	USD	Point-in-time

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