10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-006578`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	vism-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 48 Cash Flow Statement 50

Balance Sheet 48 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`	$27.08K	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`	$2.31K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	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`	$40.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.31K	USD	Point-in-time
Total assets	`Assets`	$40.94K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$565.47K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$624.72K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	499,152.00	shares	Point-in-time
Due to officers	`DueToOfficersOrStockholdersCurrent`	$46.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Due to officers	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$141.82K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$280.12K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	499,152.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.49M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.49M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.64M	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 $0 and $27,083, respectively	`ConvertibleNotesPayableCurrent`	$2.17M	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $27,083, respectively	`ConvertibleNotesPayableCurrent`	$1.71M	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`	$4.53M	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 1,486,567 shares and 499,152 shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively (See Note 6)	`CommonStockValue`	$50.00	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 1,486,567 shares and 499,152 shares issued and outstanding at March 31, 2018 and June 30, 2017, respectively (See Note 6)	`CommonStockValue`	$149.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.36M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$39.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.30M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.49M	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`	$40.94K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	-	USD	3 Qtrs
Net revenues	`Revenues`	-	USD	3 Qtrs
Net revenues	`Revenues`	-	USD	1 Quarter
Net revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$280.17K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$491.24K	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$372.83K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.39M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$280.17K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$372.83K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$491.24K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-1.39M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-372.83K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-491.24K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-280.17K	USD	1 Quarter
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
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	$74.12K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	$172.44K	USD	3 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$222.20K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$247.55K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$79.13K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$48.05K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.92K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.92K	USD	3 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-56.71K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-32.13K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-206.28K	USD	3 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-446.69K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-312.30K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-697.53K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-429.53K	USD	1 Quarter
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-36.89	USD	3 Qtrs
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-3.28	USD	1 Quarter
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	1 Quarter
Income (loss) per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	3 Qtrs
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	838,828.00	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49,795.00	shares	3 Qtrs
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.11M	shares	3 Qtrs
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	131,004.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-312.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-697.53K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.84M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-429.53K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.92K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$15.92K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	$-26.70K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainOnDerivative`	-	USD	3 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	$74.12K	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	1 Quarter
Derivative liability expense	`DerivativeLiabilityExpense`	$172.44K	USD	3 Qtrs
Derivative liability expense	`DerivativeLiabilityExpense`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$242.50K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.08M	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$27.08K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$66.67K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.17K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$195.12K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$180.89K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$178.70K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$186.40K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.07K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.87K	USD	3 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$37.50K	USD	3 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$137.00K	USD	3 Qtrs
Advance from officers	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Advance from officers	`ProceedsFromRelatedPartyDebt`	$46.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$83.50K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$137.00K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.93K	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.62K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.94K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Accrued compensation exchanged for common stock	`AccruedCompensationExchangedForCommonStock`	$242.50K	USD	3 Qtrs
Accrued compensation exchanged for common stock	`AccruedCompensationExchangedForCommonStock`	$80.00K	USD	3 Qtrs
Exchange of note payable for common stock	`ConversionOfStockAmountIssued1`	$51.93K	USD	3 Qtrs
Exchange of note payable for common stock	`ConversionOfStockAmountIssued1`	$118.79K	USD	3 Qtrs

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