10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-001395`
Period End Date	20161231
Filing Date	20170213
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	nseh-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 60 Cash Flow Statement 72

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$61.25K	USD	Point-in-time
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$108.75K	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`	$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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.56K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.05K	USD	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`	$4.56K	USD	Point-in-time
Total assets	`Assets`	$4.56K	USD	Point-in-time
Total assets	`Assets`	$1.81K	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`	$550.31K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$565.21K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	13.33M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$190.32K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$198.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	68.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	68.95M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.65M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.56M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.36M	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 $61,250 and $108,750	`ConvertibleNotesPayableCurrent`	$1.50M	USD	Point-in-time
Convertible notes payable, net of discount of $61,250 and $108,750	`ConvertibleNotesPayableCurrent`	$1.56M	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`	$636.10K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$857.66K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.50M	USD	Point-in-time
Common stock, $0.0001 par value, 5,000,000,000 shares authorized: 68,946,318 shares issued and outstanding as of December 31, 2016 and 5,654,179 as of June 30, 2016	`CommonStockValue`	$6.89K	USD	Point-in-time
Common stock, $0.0001 par value, 5,000,000,000 shares authorized: 68,946,318 shares issued and outstanding as of December 31, 2016 and 5,654,179 as of June 30, 2016	`CommonStockValue`	$565.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$37.03M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$37.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.54M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.96M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.56K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.81K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$401.27K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$252.04K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.02M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$164.13K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$252.04K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.02M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$401.27K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$164.13K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-164.13K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.02M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-401.27K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-252.04K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-373.80K	USD	1 Quarter
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`	$-123.25K	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$166.25K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$168.42K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$87.67K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$84.22K	USD	1 Quarter
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	1 Quarter
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	2 Qtrs
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$742.47K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$656.96K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-389.99K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-556.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-720.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$490.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$255.69K	USD	2 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	$-0.04	USD	2 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.04	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.03	USD	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.01M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.56M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.53M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.98M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.32M	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.53M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.88M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.98M	shares	2 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-720.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$490.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$255.69K	USD	2 Qtrs
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	1 Quarter
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	2 Qtrs
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$813.59K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$21.75K	USD	2 Qtrs
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$-123.25K	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.90K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$830.00K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$47.50K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.90K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.58K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$120.92K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$166.25K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$161.87K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$87.80K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-203.08K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-84.75K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$200.00K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$47.50K	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$40.00K	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$35.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$87.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.00K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.92K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.75K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.05K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.05K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	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`	-	USD	2 Qtrs
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	$702.89K	USD	2 Qtrs
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	$689.22K	USD	2 Qtrs
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	-	USD	2 Qtrs
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	-	USD	2 Qtrs
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	$90.36K	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`	-	USD	2 Qtrs
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	$225.00K	USD	2 Qtrs
Convertible debt exchanged for preferred stock	`ConvertibleDebtExchangedForPreferredStock`	-	USD	2 Qtrs
Convertible debt exchanged for preferred stock	`ConvertibleDebtExchangedForPreferredStock`	$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
Convertible debt exchanged for common stock	`ConvertibleDebtExchangedForCommonStock`	-	USD	2 Qtrs
Convertible debt exchanged for common stock	`ConvertibleDebtExchangedForCommonStock`	$32.05K	USD	2 Qtrs
Accrued compensation exchanged for common stock	`AccruedCompensationExchangedForCommonStock`	$80.00K	USD	2 Qtrs
Accrued compensation exchanged for common stock	`AccruedCompensationExchangedForCommonStock`	$1.04M	USD	2 Qtrs

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