10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-001698`
Period End Date	20171231
Filing Date	20180209
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	nseh-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 44 Cash Flow Statement 46

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	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`	$1.81K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$343.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.56K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$343.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.31K	USD	Point-in-time
Total assets	`Assets`	$343.00	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$618.37K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$565.47K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$398.82K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.50B	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$280.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.35B	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.64M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.35B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.50B	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 $0 and $0	`ConvertibleNotesPayableCurrent`	$2.19M	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $0	`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
Total current liabilities	`LiabilitiesCurrent`	$4.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.26M	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 2,346,756,170 shares issued and outstanding as of December 31, 2017 and 1,497,455,835 as of June 30, 2017	`CommonStockValue`	$234.68K	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 2,346,756,170 shares issued and outstanding as of December 31, 2017 and 1,497,455,835 as of June 30, 2017	`CommonStockValue`	$149.75K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.17M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.30M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.26M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.93M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$343.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.31K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.02M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$211.07K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$164.13K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$91.08K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$91.08K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$211.07K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.02M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$164.13K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.02M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-164.13K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-211.07K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-91.08K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-123.25K	USD	2 Qtrs
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`	-	USD	2 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$168.42K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$84.22K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$174.16K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$73.74K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-556.34K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-73.74K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-174.16K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-389.99K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-720.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-385.23K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-164.83K	USD	1 Quarter
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.33B	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.12B	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.98M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.53M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-720.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-385.23K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-164.83K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$-123.25K	USD	2 Qtrs
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	-	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	2 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$98.32K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$830.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$47.50K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$27.08K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.90K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.90K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$120.92K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$147.07K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$87.80K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$118.70K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.47K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-84.75K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$37.50K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$47.50K	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$40.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$87.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.50K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.75K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.97K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$343.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$343.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Convertible debt exchanged for common stock	`ConvertibleDebtExchangedForCommonStock`	$51.93K	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`	-	USD	2 Qtrs

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