10-K Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-011047`
Period End Date	20170630
Filing Date	20170928
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	nseh-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 27

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$27.08K	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.81K	USD	Point-in-time
Total assets	`Assets`	$1.81K	USD	Point-in-time
Total assets	`Assets`	$2.31K	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`	10.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.33M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$550.31K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.50B	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$565.47K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.50B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.65M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$280.12K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$190.32K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.49M	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 $27,083 and $108,750, respectively	`ConvertibleNotesPayableCurrent`	$2.17M	USD	Point-in-time
Convertible notes payable, net of discount of $27,083 and $108,750, respectively	`ConvertibleNotesPayableCurrent`	$1.50M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$240.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$270.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	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`	$4.93M	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 1,497,455,835 shares and 5,654,179 shares issued and outstanding at June 30, 2017 and 2016, respectively (See Note 7)	`CommonStockValue`	$149.75K	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 1,497,455,835 shares and 5,654,179 shares issued and outstanding at June 30, 2017 and 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`	$38.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.54M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.93M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.31K	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`	$2.06M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$719.87K	USD	Annual
Total operating expenses	`OperatingExpenses`	$719.87K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.06M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.06M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-719.87K	USD	Annual
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$189.71K	USD	Annual
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$636.10K	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$265.00K	USD	Annual
Interest expense	`InterestExpenseOther`	$339.35K	USD	Annual
Interest expense	`InterestExpenseOther`	$456.55K	USD	Annual
Gain on troubled debt restructuring	`GainsLossesOnRestructuringOfDebt`	$1.90M	USD	Annual
Gain on troubled debt restructuring	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$1.35M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$296.75K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.76M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$634.09K	USD	Annual
WEIGHTED AVERAGE COMMON SHARES -Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	354.26M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES -Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.09M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES -Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	354.26M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES -Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.34M	shares	Annual
NET (LOSS) INCOME PER COMMON SHARE -BASIC:	`EarningsPerShareBasic`	$0.15	USD	Annual
NET (LOSS) INCOME PER COMMON SHARE -BASIC:	`EarningsPerShareBasic`	$-0.01	USD	Annual
NET (LOSS) INCOME PER COMMON SHARE -DILUTED:	`EarningsPerShareDiluted`	$0.01	USD	Annual
NET (LOSS) INCOME PER COMMON SHARE -DILUTED:	`EarningsPerShareDiluted`	$-0.01	USD	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.76M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$634.09K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$156.25K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$81.67K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$49.90K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.08M	USD	Annual
(Gain) on troubled debt restructuring	`GainsLossesOnRestructuringOfDebt`	$1.90M	USD	Annual
(Gain) on troubled debt restructuring	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Gain on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$189.71K	USD	Annual
Gain on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$636.10K	USD	Annual
Convertible note issued for severance agreement	`ConvertibleNoteIssuedForSeveranceAgreement`	$480.00K	USD	Annual
Convertible note issued for severance agreement	`ConvertibleNoteIssuedForSeveranceAgreement`	-	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	Annual
Derivative liability expense	`DerivativeLiabilityExpense`	$265.00K	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-12.13K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-46.44K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.93K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$259.57K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$264.30K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$257.68K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$300.30K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$278.99K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$424.32K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Proceed from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$85.00K	USD	Annual
Proceed from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from short term note payable	`ProceedsFromShortTermDebt`	$25.00K	USD	Annual
Proceeds from short term note payable	`ProceedsFromShortTermDebt`	$30.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$249.50K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$315.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$420.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$279.50K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$507.00	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.32K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.13K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	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	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$169.83K	USD	Annual
Issuance of common stock for conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$21.57K	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	$80.00K	USD	Annual
Issuance of common stock to satisfy accrued compensation	`IssuanceOfCommonStockToSatisfyAccruedCompensation`	$500.00K	USD	Annual

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.50M	USD	Point-in-time
Shares issued as compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.08M	USD	Annual
Shares issued as compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$49.90K	USD	Annual
Shares issued in exchange for accrued compensation	`SharesIssuedInExchangeForAccruedCompensation`	$638.60K	USD	Annual
Shares issued in exchange for accrued compensation	`SharesIssuedInExchangeForAccruedCompensation`	$80.00K	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`	$18.60K	USD	1 Quarter
Shares issued for notes payable	`DebtConversionConvertedInstrumentAmount1`	$86.74K	USD	1 Quarter
Shares issued for notes payable	`DebtConversionConvertedInstrumentAmount1`	$-21.57K	USD	Annual
Shares issued for notes payable	`DebtConversionConvertedInstrumentAmount1`	$51.05K	USD	1 Quarter
Shares issued for notes payable	`DebtConversionConvertedInstrumentAmount1`	$13.45K	USD	1 Quarter
Shares issued for notes payable, shares	`DebtConversionConvertedInstrumentSharesIssued1`	880.26M	shares	1 Quarter
Shares issued for notes payable, shares	`DebtConversionConvertedInstrumentSharesIssued1`	423.25M	shares	1 Quarter
Shares issued for notes payable, shares	`DebtConversionConvertedInstrumentSharesIssued1`	4.80M	shares	1 Quarter
Shares issued for notes payable, shares	`DebtConversionConvertedInstrumentSharesIssued1`	11.49M	shares	1 Quarter
Adjust for change in par value	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	Annual
Shares issued for conversion of notes payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$169.83K	USD	Annual
Shares issued for conversion of notes payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$21.57K	USD	Annual
Net income for the year ended	`NetIncomeLoss`	$-1.76M	USD	Annual
Net income for the year ended	`NetIncomeLoss`	$634.09K	USD	Annual
Balance	`StockholdersEquity`	$-4.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.50M	USD	Point-in-time

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