10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-005365`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	nseh-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 60 Cash Flow Statement 74

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$42.08K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	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`	$12.09K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.81K	USD	Point-in-time
Total assets	`Assets`	$10.73K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$567.71K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	13.33M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$550.31K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.65M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$190.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	617.19M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$235.12K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$778.46K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.65M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.24M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	617.19M	shares	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 $42,083 and $108,750, respectively	`ConvertibleNotesPayableCurrent`	$1.59M	USD	Point-in-time
Convertible notes payable, net of discount of $42,083 and $108,750, respectively	`ConvertibleNotesPayableCurrent`	$1.50M	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`	$835.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.07M	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: 617,193,171 shares and 5,654,179 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively (See Note 7)	`CommonStockValue`	$61.72K	USD	Point-in-time
Common stock, $0.0001 par value, 5,000,000,000 shares authorized: 617,193,171 shares and 5,654,179 shares issued and outstanding at March 31, 2017 and June 30, 2016, 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`	$38.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.54M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-50.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$10.73K	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	3 Qtrs
Net revenues	`Revenues`	-	USD	3 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$372.83K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$174.37K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$575.63K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$174.37K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$575.63K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$372.83K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.39M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-1.39M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-174.37K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-575.63K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-372.83K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$3.25K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$25.01K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-26.70K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$96.55K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	$74.12K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	3 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$172.44K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$230.97K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$247.55K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$64.71K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$79.13K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	$2.03M	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	$1.22M	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	3 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-446.69K	USD	3 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-56.71K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$1.16M	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$1.81M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$980.98K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.24M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-429.53K	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	$0.26	USD	3 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.12	USD	3 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	149.38M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.82M	shares	3 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.12M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	393.01M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	393.01M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	149.38M	shares	3 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.35M	shares	3 Qtrs

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$980.98K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.24M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-429.53K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	$2.03M	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnRestructuringOfDebt`	$1.22M	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$-27.00K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$25.01K	USD	3 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	$74.12K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	3 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$172.44K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$49.90K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.08M	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$66.67K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.38K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.20K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$180.89K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$230.97K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$203.07K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$186.40K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-334.04K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.07K	USD	3 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$137.00K	USD	3 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$260.00K	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	3 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$85.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$137.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$340.00K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.96K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.93K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.09K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.09K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	-	USD	3 Qtrs
ASC debt returned in exchange for accrued compensation	`DebtReturnedInExchangeForAccruedCompensation`	$702.89K	USD	3 Qtrs
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	-	USD	3 Qtrs
ASC debt returned in exchange for accrued interest payable	`DebtReturnedInExchangeForAccruedInterestPayable`	$689.22K	USD	3 Qtrs
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	-	USD	3 Qtrs
ASC debt returned in exchange for accounts payable	`DebtReturnedInExchangeForAccountsPayable`	$90.36K	USD	3 Qtrs
ASC debt returned in exchange for convertible notes payable	`DebtReturnedInExchangeForConvertibleNotesPayable`	$677.15K	USD	3 Qtrs
ASC debt returned in exchange for convertible notes payable	`DebtReturnedInExchangeForConvertibleNotesPayable`	-	USD	3 Qtrs
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	-	USD	3 Qtrs
ASC debt returned in exchange for short term notes payable	`DebtReturnedInExchangeForShortTermNotesPayable`	$225.00K	USD	3 Qtrs
Convertible debt exchanged for preferred stock	`ConvertibleDebtExchangedForPreferredStock`	$799.53K	USD	3 Qtrs
Convertible debt exchanged for preferred stock	`ConvertibleDebtExchangedForPreferredStock`	-	USD	3 Qtrs
Short term note payable exchanged for preferred stock	`ShortTermNotePayableExchangedForPreferredStock`	$100.00K	USD	3 Qtrs
Short term note payable exchanged for preferred stock	`ShortTermNotePayableExchangedForPreferredStock`	-	USD	3 Qtrs
Accrued interest payable exchanged for preferred stock	`AccruedInterestPayableExchangedForPreferredStock`	-	USD	3 Qtrs
Accrued interest payable exchanged for preferred stock	`AccruedInterestPayableExchangedForPreferredStock`	$532.65K	USD	3 Qtrs
Accrued compensation exchanged for preferred and common stock	`AccruedCompensationExchangedForPreferredAndCommonStock`	-	USD	3 Qtrs
Accrued compensation exchanged for preferred and common stock	`AccruedCompensationExchangedForPreferredAndCommonStock`	$1.04M	USD	3 Qtrs
Accrued compensation exchanged for common stock	`AccruedCompensationExchangedForCommonStock`	-	USD	3 Qtrs
Accrued compensation exchanged for common stock	`AccruedCompensationExchangedForCommonStock`	$80.00K	USD	3 Qtrs
Exchange of note payable for common stock	`ExchangeOfNotePayableForCommonStock`	-	USD	3 Qtrs
Exchange of note payable for common stock	`ExchangeOfNotePayableForCommonStock`	$118.79K	USD	3 Qtrs

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