10-Q/A Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q1 2022

Filing Information

Form Type	10-Q/A
Accession Number	`0001654954-21-011755`
Period End Date	20210930
Filing Date	20211108
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	vism_10qa_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 24 Cash Flow Statement 45 Stockholders Equity 20

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$396.03K	USD	Point-in-time
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Notes payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$3.36K	USD	Point-in-time
Notes payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$18.25K	USD	Point-in-time
Cash	`Cash`	$125.17K	USD	Point-in-time
Cash	`Cash`	$999.77K	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
Prepaid license fee	`PrepaidExpenseCurrent`	$55.42K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Prepaid license fee	`PrepaidExpenseCurrent`	$37.92K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.63B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$180.58K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.12B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.51B	shares	Point-in-time
Total assets	`Assets`	$180.58K	USD	Point-in-time
Total assets	`Assets`	$1.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.96B	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$443.03K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$425.80K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$732.53K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$672.53K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$376.49K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$366.15K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$677.86K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$709.57K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToAscRecapLlc`	$147.97K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToAscRecapLlc`	$147.97K	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $396,033, as of September 30, 2021 and June 30, 2021, respectively	`ConvertibleNotesPayableCurrent`	$809.20K	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $396,033, as of September 30, 2021 and June 30, 2021, respectively	`ConvertibleNotesPayableCurrent`	$317.43K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$203.29K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$184.38K	USD	Point-in-time
Notes payable, net of discount of $3,363 and $18,252, as of September 30, 2021 and June 30, 2021, respectively	`NotesPayableCurrent`	$411.75K	USD	Point-in-time
Notes payable, net of discount of $3,363 and $18,252, as of September 30, 2021 and June 30, 2021, respectively	`NotesPayableCurrent`	$426.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.02M	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 3,631,904,551 shares issued and 3,512,404,577 outstanding at September 30, 2021, and 3,122,271,108 shares issued and 2,960,267,873 outstanding at June 30, 2021, respectively (See Note 7)	`CommonStockValue`	$351.24K	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 3,631,904,551 shares issued and 3,512,404,577 outstanding at September 30, 2021, and 3,122,271,108 shares issued and 2,960,267,873 outstanding at June 30, 2021, respectively (See Note 7)	`CommonStockValue`	$294.63K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$48.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$51.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.18M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.42M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.04M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$180.58K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$193.20K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.20M	USD	1 Quarter
Development expense	`OtherExpenses`	$110.41K	USD	1 Quarter
Development expense	`OtherExpenses`	$95.00K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$288.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-288.20K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.31M	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-18.91K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$124.33K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$26.91K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$486.46K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$154.90K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-57.48K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-505.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-345.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.83B	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.05B	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-345.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Stock based compensation	`StockBasedCompensation`	$671.75K	USD	1 Quarter
Stock based compensation	`StockBasedCompensation`	$72.00K	USD	1 Quarter
Amortization of deferred compensation	`AmortizationOfDeferredCompensation`	-	USD	1 Quarter
Amortization of deferred compensation	`AmortizationOfDeferredCompensation`	$40.52K	USD	1 Quarter
(Gain) loss on change in derivative liabilities	`GainLossOnChangeInDerivativeLiabilities`	$-18.91K	USD	1 Quarter
(Gain) loss on change in derivative liabilities	`GainLossOnChangeInDerivativeLiabilities`	$124.33K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$154.90K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$410.92K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accounts payable and accrued expense	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.23K	USD	1 Quarter
Accounts payable and accrued expense	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$109.38K	USD	1 Quarter
Prepaid license fee	`IncreaseDecreaseInPrepaidLicenseFee`	$17.50K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$68.59K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$26.91K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$60.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$84.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-510.40K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.82K	USD	1 Quarter
Advances from (repayment to) officers	`AdvancesFromRepaymentToOfficers`	-	USD	1 Quarter
Advances from (repayment to) officers	`AdvancesFromRepaymentToOfficers`	$-5.50K	USD	1 Quarter
Proceeds from sale of common stock	`SaleOfStockConsiderationReceivedOnTransaction`	-	USD	1 Quarter
Proceeds from sale of common stock	`SaleOfStockConsiderationReceivedOnTransaction`	$1.50M	USD	1 Quarter
Repayment of convertible note payable	`RepaymentsOfConvertibleDebt`	$115.00K	USD	1 Quarter
Repayment of convertible note payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.50K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.39M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.32K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$874.60K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$125.17K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$999.77K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$125.17K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$999.77K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.25K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$9.20K	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 and accrued interest	`ProceedsFromIssuanceOrSaleOfEquity`	$73.77K	USD	1 Quarter
Issuance of common stock for conversion of notes payable and accrued interest	`ProceedsFromIssuanceOrSaleOfEquity`	$831.05K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.84M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-3.42M	USD	Point-in-time
Shares issued as compensation to directors and officers, amount	`SharesIssuedAsCompensationToDirectorsAndOfficersAmount`	$345.00K	USD	1 Quarter
Shares issued as compensation to directors and officers, amount	`SharesIssuedAsCompensationToDirectorsAndOfficersAmount`	$45.00K	USD	1 Quarter
Shares issued for consulting services, amount	`SharesIssuedForConsultingServicesAmount`	$27.00K	USD	1 Quarter
Shares issued for consulting services, amount	`SharesIssuedForConsultingServicesAmount`	$326.75K	USD	1 Quarter
Shares issued for conversion of notes payable, amount	`SharesIssuedForConversionOfNotesPayableAmount`	$831.05K	USD	1 Quarter
Shares issued for conversion of notes payable, amount	`SharesIssuedForConversionOfNotesPayableAmount`	$233.62K	USD	1 Quarter
Net loss for the three months ended September 30, 2020	`NetIncomeLoss`	$-345.67K	USD	1 Quarter
Net loss for the three months ended September 30, 2020	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Shares issued for sale of common stock, amount	`SharesIssuedForSaleOfCommonStockAmount`	$1.50M	USD	1 Quarter
Amortization of deferred compensation	`AmortizationOfDeferredCompensation`	-	USD	1 Quarter
Amortization of deferred compensation	`AmortizationOfDeferredCompensation`	$40.52K	USD	1 Quarter
Shares issued for cashless warrant exercise, amount	`SharesIssuedForCashlessWarrantExerciseAmount`	-	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.84M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-3.38M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-3.42M	USD	Point-in-time

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