10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-013231`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	nseh-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 22 Cash Flow Statement 38

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$542.00	USD	Point-in-time
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$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`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	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`	$325.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$325.00	USD	Point-in-time
Total assets	`Assets`	$325.00	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$587.97K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$565.47K	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
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$338.12K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$280.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.50B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.11B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.50B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.24M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.57M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.11B	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 $542 and $84,583	`ConvertibleNotesPayableCurrent`	$2.20M	USD	Point-in-time
Convertible notes payable, net of discount of $542 and $84,583	`ConvertibleNotesPayableCurrent`	$2.17M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$270.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$270.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.11M	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 2,108,756,170 shares issued and outstanding as of September 30, 2017 and 1,497,455,835 June 30, 2017 (See Note 6)	`CommonStockValue`	$210.88K	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 2,108,756,170 shares issued and outstanding as of September 30, 2017 and 1,497,455,835 June 30, 2017 (See Note 6)	`CommonStockValue`	$149.75K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.21M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.30M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.93M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.31K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$325.00	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`	$119.99K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$853.31K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$119.99K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$853.31K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-853.31K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-119.99K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	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`	$100.41K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-100.41K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$166.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-686.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.40K	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.51M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.91B	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-686.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.40K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$750.00K	USD	1 Quarter
Gain on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$250.55K	USD	1 Quarter
Gain on change in fair value of derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$26.54K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$24.17K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.70K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$60.03K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$73.87K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$44.80K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$58.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.49K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.31K	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`	$37.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.50K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.99K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.31K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$325.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$325.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	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`	$40.03K	USD	1 Quarter
Issuance of common stock for accrued compensation	`IssuanceOfCommonStockForAccruedCompensation`	$80.00K	USD	1 Quarter
Issuance of common stock for accrued compensation	`IssuanceOfCommonStockForAccruedCompensation`	-	USD	1 Quarter

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