10-K Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-16-014009`
Period End Date	20160630
Filing Date	20161013
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	nseh-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 20

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Discount of convertible notes payable	`DebtInstrumentUnamortizedDiscount`	$108.75K	USD	Point-in-time
Discount of convertible notes payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.13K	USD	Point-in-time
Total assets	`Assets`	$6.13K	USD	Point-in-time
Total assets	`Assets`	$1.81K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$550.31K	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`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$342.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$190.32K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.33M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.65M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.24M	USD	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.65M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.45M	shares	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`	$147.97K	USD	Point-in-time
Convertible notes payable, net of discount of $108,750 and $0, respectively	`ConvertibleNotesPayableCurrent`	$1.50M	USD	Point-in-time
Convertible notes payable, net of discount of $108,750 and $0, respectively	`ConvertibleNotesPayableCurrent`	$1.42M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$240.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$90.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$636.10K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$295.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.89M	USD	Point-in-time
Common stock, $0.0001 par value, 250,000,000 shares authorized: 5,654,179 shares and 1,451,303 shares issued and outstanding at June 30, 2016 and 2015, respectively (See Note 7)	`CommonStockValue`	$145.00	USD	Point-in-time
Common stock, $0.0001 par value, 250,000,000 shares authorized: 5,654,179 shares and 1,451,303 shares issued and outstanding at June 30, 2016 and 2015, respectively (See Note 7)	`CommonStockValue`	$565.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$37.03M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$36.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.17M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.13K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.81K	USD	Point-in-time

Income Statement 30 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`	$719.87K	USD	Annual
Total operating expenses	`OperatingExpenses`	$358.66K	USD	Annual
Total operating expenses	`OperatingExpenses`	$719.87K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-358.66K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-719.87K	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`	$189.71K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$265.00K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Interest expense	`InterestExpenseOther`	$456.55K	USD	Annual
Interest expense	`InterestExpenseOther`	$310.86K	USD	Annual
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	Annual
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$1.90M	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-339.42K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-601.73K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.35M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$634.09K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-960.39K	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.09M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.05M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.05M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.34M	shares	Annual
NET (LOSS) INCOME PER COMMON SHARE -BASIC:	`EarningsPerShareBasic`	$-0.91	USD	Annual
NET (LOSS) INCOME PER COMMON SHARE -BASIC:	`EarningsPerShareBasic`	$0.15	USD	Annual
NET (LOSS) INCOME PER COMMON SHARE -DILUTED:	`EarningsPerShareDiluted`	$0.01	USD	Annual
NET (LOSS) INCOME PER COMMON SHARE -DILUTED:	`EarningsPerShareDiluted`	$-0.91	USD	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$634.09K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-960.39K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$106.16K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$156.25K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$49.90K	USD	Annual
(Gain) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	Annual
(Gain) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$1.90M	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$60.48K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$189.71K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$265.00K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-339.42K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.72K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.93K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$175.00K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$259.57K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$300.30K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$206.70K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-424.32K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-178.94K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	Annual
Proceed from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceed from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$85.00K	USD	Annual
Proceeds from short term note payable	`ProceedsFromShortTermDebt`	$25.00K	USD	Annual
Proceeds from short term note payable	`ProceedsFromShortTermDebt`	-	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$185.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$315.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$185.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$420.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.07K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.32K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash at beginning 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`	$1.81K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	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	`DebtConversionConvertedInstrumentValueShifted`	$21.57K	USD	Annual
Issuance of common stock for conversion of debt	`DebtConversionConvertedInstrumentValueShifted`	-	USD	Annual
Issuance of common stock to settle liability to IBC Funds	`IssuanceOfCommonStockToSettleLiabilityToIbcFunds`	-	USD	Annual
Issuance of common stock to settle liability to IBC Funds	`IssuanceOfCommonStockToSettleLiabilityToIbcFunds`	$447.87K	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 to partially satisfy settlement payable to ASC Recap	`IssuanceOfCommonStockToPartiallySatisfySettlementPayableToAscRecap`	$24.89K	USD	Annual
Issuance of common stock to partially satisfy settlement payable to ASC Recap	`IssuanceOfCommonStockToPartiallySatisfySettlementPayableToAscRecap`	-	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Issuance of common stock to IBC	`StockIssuedDuringPeriodValueNewIssues`	$441.75K	USD	Annual
Issuance of common stock to IBC	`StockIssuedDuringPeriodValueNewIssues`	$365.31K	USD	2 Qtrs
Issuance of common stock to IBC, shares	`StockIssuedDuringPeriodSharesNewIssues`	82.98M	shares	Point-in-time
Issuance of common stock to IBC, shares	`StockIssuedDuringPeriodSharesNewIssues`	322.22M	shares	2 Qtrs
Issuance of common stock to partially satisfy payable to ASC Recap, LLC	`StockIssuedDuringPeriodValueForPartiallySatisfyPayableToRelatedParty`	$24.89K	USD	Annual
Net income for the year ended	`NetIncomeLoss`	$634.09K	USD	Annual
Net income for the year ended	`NetIncomeLoss`	$-960.39K	USD	Annual
Shares issued as compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$49.90K	USD	Annual
Shares issued in exchange for accrued compensation	`SharesIssuedInExchangeForAccruedCompensation`	$638.60K	USD	Annual
Shares exchanged for Series A	`SharesExchangedForSeriesAPreferredStock`	$6.32K	USD	Annual
Shares issued in exchange for cash	`StockIssuedDuringPeriodValueOther`	$85.00K	USD	Annual
Shares issued in exchange for Series Y	`SharesIssuedInExchangeForSeriesYPreferredStock`	-	USD	Annual
Shares issued for notes payable	`DebtConversionConvertedInstrumentAmount1`	$-21.57K	USD	Annual
Adjust for change in par value	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	Annual
Balance	`StockholdersEquity`	$-5.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.89M	USD	Point-in-time

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