10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-014936`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	nseh-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 22 Cash Flow Statement 50

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$108.75K	USD	Point-in-time
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$84.58K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$28.41K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total assets	`Assets`	$1.81K	USD	Point-in-time
Total assets	`Assets`	-	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`	250.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$567.01K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$550.31K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$190.32K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$155.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.45M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.45M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.30M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.24M	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$147.97K	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 $84,583 and $108,750	`ConvertibleNotesPayableCurrent`	$1.50M	USD	Point-in-time
Convertible notes payable, net of discount of $84,583 and $108,750	`ConvertibleNotesPayableCurrent`	$1.51M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$240.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$280.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$385.55K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$636.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.34M	USD	Point-in-time
Common stock, $0.0001 par value, 250,000,000 shares authorized: 37,453,683 shares issued and outstanding as of September 30, 2016 and 5,654,179 June 30, 2016 (See Note 7)	`CommonStockValue`	$565.00	USD	Point-in-time
Common stock, $0.0001 par value, 250,000,000 shares authorized: 37,453,683 shares issued and outstanding as of September 30, 2016 and 5,654,179 June 30, 2016 (See Note 7)	`CommonStockValue`	$3.75K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$37.87M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$37.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.54M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.34M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.81K	USD	Point-in-time

Income Statement 22 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`	$149.22K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$853.31K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$853.31K	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`	$-853.31K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$5.21K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$250.55K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$84.20K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$78.58K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-85.51K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$166.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-686.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.74K	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.62	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	145,130.00	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.51M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-686.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.74K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$750.00K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$5.21K	USD	1 Quarter
Gain on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$250.55K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$24.17K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.70K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.09K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$78.58K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$60.03K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$44.80K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$70.62K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.72K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.81K	USD	1 Quarter
Proceeds from issuance of short term notes payable	`ProceedsFromShortTermDebt`	$40.00K	USD	1 Quarter
Proceeds from issuance of short term notes payable	`ProceedsFromShortTermDebt`	$110.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	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`	$-1.81K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.41K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.41K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	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
Issuance of common stock for conversion of notes payable	`IssuanceOfCommonStockForConversionOfNotesPayable`	$18.60K	USD	1 Quarter
Issuance of common stock for conversion of notes payable	`IssuanceOfCommonStockForConversionOfNotesPayable`	-	USD	1 Quarter
Issuance of common stock for accrued compensation	`IssuanceOfCommonStockForAccruedCompensation`	-	USD	1 Quarter
Issuance of common stock for accrued compensation	`IssuanceOfCommonStockForAccruedCompensation`	$80.00K	USD	1 Quarter
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	-	USD	1 Quarter
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	$702.92K	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`	$90.36K	USD	1 Quarter
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	-	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.