10-Q/A Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q2 2016

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-16-009475`
Period End Date	20151231
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	nseh-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 56 Cash Flow Statement 66

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.29K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.00	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`	$33.05K	USD	Point-in-time
Total assets	`Assets`	$6.13K	USD	Point-in-time
Total assets	`Assets`	$33.05K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$516.15K	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
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$167.84K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.75B	shares	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`	$342.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.68B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.56M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$667.08K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$729.85K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.18B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.68B	shares	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.37M	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	`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`	$2.09M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.42M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$315.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$90.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$295.81K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$274.05K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.89M	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized: 7,675,954,802 shares and 2,176,954,802 shares issued and outstanding at December 31, 2015 and June 30, 2015, respectively (See Note 7)	`CommonStockValue`	$217.69K	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized: 7,675,954,802 shares and 2,176,954,802 shares issued and outstanding at December 31, 2015 and June 30, 2015, respectively (See Note 7)	`CommonStockValue`	$767.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$36.07M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$36.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.17M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.04M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$33.05K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$6.13K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$91.90K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$401.27K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$179.49K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$252.04K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$91.90K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$401.27K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$179.49K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$252.04K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-252.04K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-91.90K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-401.27K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-179.49K	USD	2 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$16.55K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$21.75K	USD	2 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$499.02K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-539.67K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$87.67K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$81.79K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$166.25K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$152.46K	USD	2 Qtrs
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	2 Qtrs
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	1 Quarter
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	2 Qtrs
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-306.11K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-298.84K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-1.01M	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$742.47K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$118.85K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$656.96K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$490.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.19M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$255.69K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$26.95K	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.84B	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.01B	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.51B	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.15B	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.82B	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.48B	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.43B	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.01B	shares	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`NetIncomeLoss`	$490.42K	USD	1 Quarter
Net income (loss) from continuing operations	`NetIncomeLoss`	$-1.19M	USD	2 Qtrs
Net income (loss) from continuing operations	`NetIncomeLoss`	$255.69K	USD	2 Qtrs
Net income (loss) from continuing operations	`NetIncomeLoss`	$26.95K	USD	1 Quarter
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	2 Qtrs
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	1 Quarter
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	2 Qtrs
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-306.11K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-298.84K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	2 Qtrs
(Gain) loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$16.55K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$21.75K	USD	2 Qtrs
(Gain) loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$499.02K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-539.67K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$49.90K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$53.08K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.58K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.86K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$55.24K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$166.25K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$120.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$161.87K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-70.77K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-203.08K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$85.00K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$200.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	2 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$35.00K	USD	2 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$85.00K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.23K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.92K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.05K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.29K	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`	$33.05K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.29K	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	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	$702.89K	USD	2 Qtrs
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	-	USD	2 Qtrs
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	-	USD	2 Qtrs
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	$689.22K	USD	2 Qtrs
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	$90.36K	USD	2 Qtrs
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	-	USD	2 Qtrs
ASC debt returned in exchange for convertible notes payable	`DebtReturnedInExchangeForConvertibleNotesPayable`	-	USD	2 Qtrs
ASC debt returned in exchange for convertible notes payable	`DebtReturnedInExchangeForConvertibleNotesPayable`	$677.15K	USD	2 Qtrs
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	$225.00K	USD	2 Qtrs
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	-	USD	2 Qtrs
Convertible debt exchange for preferred stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Convertible debt exchange for preferred stock	`DebtConversionConvertedInstrumentAmount1`	$217.03K	USD	2 Qtrs
Accrued interest payable exchanged for preferred stock	`AccruedInterestPayableExchangedForPreferredStock`	$73.79K	USD	2 Qtrs
Accrued interest payable exchanged for preferred stock	`AccruedInterestPayableExchangedForPreferredStock`	-	USD	2 Qtrs
Accrued compensation exchanged for preferred and common stock	`AccruedCompensationExchangedForPreferredAndCommonStock`	$1.04M	USD	2 Qtrs
Accrued compensation exchanged for preferred and common stock	`AccruedCompensationExchangedForPreferredAndCommonStock`	-	USD	2 Qtrs

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