10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-001833`
Period End Date	20181231
Filing Date	20190213
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	vism-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 48 Cash Flow Statement 54

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Intangible asset, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$41.76K	USD	Point-in-time
Intangible asset, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.36K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.41K	USD	Point-in-time
Acquired accounts receivable	`AccountsReceivableNetCurrent`	$9.98K	USD	Point-in-time
Acquired accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.41K	USD	Point-in-time
Capitalized curriculum development costs	`CapitalizedCurriculumDevelopmentCosts`	$28.05K	USD	Point-in-time
Capitalized curriculum development costs	`CapitalizedCurriculumDevelopmentCosts`	-	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
Intangible asset, net of accumulated amortization of $41,756 at December 31, 2018, and $0 at June 30, 2018	`IntangibleAssetsNetExcludingGoodwill`	$559.53K	USD	Point-in-time
Intangible asset, net of accumulated amortization of $41,756 at December 31, 2018, and $0 at June 30, 2018	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Total assets	`Assets`	$11.41K	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
Total assets	`Assets`	$600.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.38M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$626.58K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$657.21K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$155.82K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$283.78K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.69M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.76M	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	`ConvertibleNotesPayableCurrent`	$1.62M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.45M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$194.25K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Due to officers	`DueToOfficersOrStockholdersCurrent`	$21.00K	USD	Point-in-time
Due to officers	`DueToOfficersOrStockholdersCurrent`	$40.00K	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`	$4.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.53M	USD	Point-in-time
Contingent liability	`CommitmentsAndContingencies`	$52.31K	USD	Point-in-time
Contingent liability	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 31,310,713 shares issued and 19,450,996 shares outstanding as of December 31, 2018 and 23,212,549 shares issued and 9,376,441 outstanding at June 30, 2018 (See Note 9)	`CommonStockValue`	$937.00	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 31,310,713 shares issued and 19,450,996 shares outstanding as of December 31, 2018 and 23,212,549 shares issued and 9,376,441 outstanding at June 30, 2018 (See Note 9)	`CommonStockValue`	$1.95K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$40.16M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$41.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.16M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.25M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.51M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$600.93K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$11.41K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$211.07K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.13M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$691.16K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$91.08K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$41.76K	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$41.76K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	-	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$211.07K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$91.08K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.17M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$732.91K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.17M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-91.08K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-211.07K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-732.91K	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`	$-194.25K	USD	2 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$372.98K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$10.98K	USD	2 Qtrs
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$10.98K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$56.44K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$111.60K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$174.16K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$73.74K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-294.87K	USD	2 Qtrs
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`	$327.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.46M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-405.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-385.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-164.83K	USD	1 Quarter
Loss per common share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.55	shares	2 Qtrs
Loss per common share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.10	shares	2 Qtrs
Loss per common share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.21	shares	1 Quarter
Loss per common share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.02	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`EarningsPerShareBasicAndDiluted`	$17.27M	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`EarningsPerShareBasicAndDiluted`	$14.39M	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`EarningsPerShareBasicAndDiluted`	$706.58K	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`EarningsPerShareBasicAndDiluted`	$777.89K	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.46M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-405.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-385.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-164.83K	USD	1 Quarter
Loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-194.25K	USD	2 Qtrs
Loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$372.98K	USD	1 Quarter
Loss on change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$780.04K	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$41.76K	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$41.76K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$27.08K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.90K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-28.33K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$147.07K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$99.63K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$118.70K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$127.95K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-249.50K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.47K	USD	2 Qtrs
Investment in cybersecurity curriculum	`InvestmentInCybersecurityCurriculum`	$28.05K	USD	2 Qtrs
Investment in cybersecurity curriculum	`InvestmentInCybersecurityCurriculum`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.05K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$37.50K	USD	2 Qtrs
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.50K	USD	2 Qtrs
Advances from officers	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Advances from officers	`ProceedsFromRelatedPartyDebt`	$19.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$269.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.50K	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.97K	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.05K	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.41K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.31K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.36K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.41K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.00	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.31K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.36K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$985.00	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Shares issued for acquisition	`SharesIssuedForAcquisition`	-	USD	2 Qtrs
Shares issued for acquisition	`SharesIssuedForAcquisition`	$500.00K	USD	2 Qtrs
Convertible debt exchanged for common stock	`ConvertibleDebtExchangedForCommonStock`	$51.93K	USD	2 Qtrs
Convertible debt exchanged for common stock	`ConvertibleDebtExchangedForCommonStock`	$201.06K	USD	2 Qtrs

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