10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-004805`
Period End Date	20141231
Filing Date	20180405
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	nseh-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 56 Cash Flow Statement 46

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$271.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.00	USD	Point-in-time
Total assets	`Assets`	$14.29K	USD	Point-in-time
Total assets	`Assets`	$65.00	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`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$449.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	779.60M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$441.09K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.72B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.72B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	779.60M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$287.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$167.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$673.14K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$729.85K	USD	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.40M	USD	Point-in-time
Settlement due to ASC Recap LLC	`DueToRelatedPartiesCurrent`	$2.51M	USD	Point-in-time
Convertible notes payable to ASC Recap LLC, net of discount	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$43.84K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC, net of discount	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$96.92K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.24M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.49M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$40.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$40.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$895.96K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$356.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.32M	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized: 1,721,583,192 shares and 779,603,202 shares issued and outstanding at December 31, 2014 and June 30, 2014, respectively (See Note 7)	`CommonStockValue`	$779.60K	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized: 1,721,583,192 shares and 779,603,202 shares issued and outstanding at December 31, 2014 and June 30, 2014, respectively (See Note 7)	`CommonStockValue`	$1.72M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$33.93M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$34.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.78M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.31M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.53M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$14.29K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$65.00	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	2 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$216.65K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$91.72K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$91.90K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$179.49K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$91.72K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$91.90K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$216.65K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$179.49K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-179.49K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-91.90K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-91.72K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-216.65K	USD	2 Qtrs
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`	$-539.67K	USD	2 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$499.02K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$104.38K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$59.02K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$152.46K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$81.79K	USD	1 Quarter
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	2 Qtrs
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Gain (loss) on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-306.11K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-298.84K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-1.01M	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-104.38K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$118.85K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-59.02K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$26.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.19M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-150.75K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-321.03K	USD	2 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Income (loss) per common share basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.61B	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	767.59M	shares	1 Quarter
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	767.59M	shares	2 Qtrs
Weighted average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.61B	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.19B	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.65B	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.19B	shares	2 Qtrs
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.65B	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continuing operations	`NetIncomeLoss`	$26.95K	USD	1 Quarter
Net income (loss) from continuing operations	`NetIncomeLoss`	$-1.19M	USD	2 Qtrs
Net income (loss) from continuing operations	`NetIncomeLoss`	$-150.75K	USD	1 Quarter
Net income (loss) from continuing operations	`NetIncomeLoss`	$-321.03K	USD	2 Qtrs
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$-11.93K	USD	2 Qtrs
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
(Gain) loss on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-306.11K	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-298.84K	USD	1 Quarter
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	-	USD	2 Qtrs
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$-539.67K	USD	2 Qtrs
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	$499.02K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liability	`DerivativeGainOnDerivative`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$60.00K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$53.08K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.86K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.55K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$104.38K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$55.24K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$70.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$120.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.20K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-70.77K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$90.00K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$85.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$85.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.00K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-200.00	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.23K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$271.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.29K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$271.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$471.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.29K	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

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