10-Q/A Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q1 2016

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-16-009474`
Period End Date	20150930
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	nseh-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 24 Cash Flow Statement 46

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$28.41K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.47K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.00	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`	$6.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.13K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.41K	USD	Point-in-time
Total assets	`Assets`	$28.41K	USD	Point-in-time
Total assets	`Assets`	$6.13K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$517.96K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$342.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.12M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$617.90K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.55M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$729.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18B	shares	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.18B	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
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$150.00K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$150.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$2.21M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.42M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$90.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$315.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$290.60K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$295.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.15M	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized: 2,176,954,802 shares issued and outstanding as of September 30, 2015 and June 30, 2015 (See Note 7)	`CommonStockValue`	$217.69K	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized: 2,176,954,802 shares issued and outstanding as of September 30, 2015 and June 30, 2015 (See Note 7)	`CommonStockValue`	$217.69K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$36.07M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$36.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.41M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.12M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$6.13K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$28.41K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$87.60K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$149.22K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$87.60K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$149.22K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-149.22K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-87.60K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-1.04M	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$5.21K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$70.68K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$78.58K	USD	1 Quarter
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	1 Quarter
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-7.72K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-1.13M	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-85.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	217.70M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	876.98M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-234.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	1 Quarter
Loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-7.72K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-1.04M	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$5.21K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$26.54K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.49K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.09K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$44.14K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$78.58K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$60.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$70.62K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.09K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.72K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$39.50K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$110.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$39.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$110.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.29K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.41K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.41K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.47K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.41K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.47K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	$702.89K	USD	1 Quarter
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	-	USD	1 Quarter
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	-	USD	1 Quarter
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	$689.22K	USD	1 Quarter
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	-	USD	1 Quarter
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	$90.36K	USD	1 Quarter
ASC debt returned in exchange for convertible notes payable	`DebtReturnedInExchangeForConvertibleNotesPayable`	-	USD	1 Quarter
ASC debt returned in exchange for convertible notes payable	`DebtReturnedInExchangeForConvertibleNotesPayable`	$677.15K	USD	1 Quarter
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	-	USD	1 Quarter
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	$225.00K	USD	1 Quarter

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