2022 Q3 Form 10-K Financial Statement

#000165495422013289 Filed on October 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $359.6K $555.0K $4.316M
YoY Change -70.03% -28.94% 11.27%
% of Gross Profit
Research & Development $54.89K $86.68K $361.3K
YoY Change -50.28% -24.61% 39.95%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $414.5K $641.6K $4.677M
YoY Change -68.37% -28.38% 13.06%
Operating Profit -$414.5K -$4.677M
YoY Change -68.37% 13.74%
Interest Expense $129.7K -$129.3K $705.1K
YoY Change -125.67% -116.28% 105.56%
% of Operating Profit
Other Income/Expense, Net -$623.3K -$516.0K
YoY Change 23.33%
Pretax Income -$1.038M -$583.0K -$5.194M
YoY Change -42.85% -185.03% 53.95%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.038M -$583.0K -$5.194M
YoY Change -42.85% -185.03% 53.95%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$358.3K -$225.4K -$2.073M
COMMON SHARES
Basic Shares Outstanding 2.902M shares 3.904B shares
Diluted Shares Outstanding 2.897M shares 2.505M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.52K $137.0K $137.0K
YoY Change -97.75% 9.44% 9.44%
Cash & Equivalents $22.52K $137.0K
Short-Term Investments
Other Short-Term Assets $52.50K $0.00 $0.00
YoY Change 38.45% -100.0% -100.0%
Inventory
Prepaid Expenses $52.50K $0.00
Receivables
Other Receivables
Total Short-Term Assets $75.02K $137.0K $137.0K
YoY Change -92.77% -24.14% -24.14%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $75.02K $137.0K $137.0K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $75.02K $137.0K $137.0K
YoY Change -92.77% -24.14% -24.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $647.1K $596.5K $596.5K
YoY Change 46.06% 40.08% 40.08%
Accrued Expenses $1.260M $1.019M $1.019M
YoY Change 13.62% -1.87% -1.87%
Deferred Revenue
YoY Change
Short-Term Debt $1.692M $1.279M $1.279M
YoY Change 89.73% -6.53% -6.53%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.677M $2.931M $2.931M
YoY Change 38.87% -2.89% -2.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.677M $2.931M $2.931M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.677M $2.931M $2.931M
YoY Change 38.87% -2.89% -2.89%
SHAREHOLDERS EQUITY
Retained Earnings -$57.60M -$56.56M
YoY Change 10.11%
Common Stock $290.00 $288.00
YoY Change -99.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.601M -$2.794M -$2.794M
YoY Change
Total Liabilities & Shareholders Equity $75.02K $137.0K $137.0K
YoY Change -92.77% -24.14% -24.14%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$1.038M -$583.0K -$5.194M
YoY Change -42.85% -185.03% 53.95%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$167.5K -$482.0K -$2.225M
YoY Change -67.19% 154.32% 180.65%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.500M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $53.00M 266.4K $2.236M
YoY Change 3726.71% 590.16% 151.97%
NET CHANGE
Cash From Operating Activities -$167.5K -482.0K -$2.225M
Cash From Investing Activities
Cash From Financing Activities $53.00M 266.4K $2.236M
Net Change In Cash $52.83M -215.6K $11.82K
YoY Change 5940.77% 42.85% -87.54%
FREE CASH FLOW
Cash From Operating Activities -$167.5K -$482.0K -$2.225M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reporting amounts of revenues and expenses during the reported period. Actual results will differ from those estimates. Included in these estimates are assumptions used in Cox, Ross &amp; Rubinstein Binomial Tree stock-based compensation and derivative liabilities valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate and in the valuation allowance of deferred tax assets.</p>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company is subject to a concentration of credit risk from cash.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s cash account is held at a financial institution and is insured by the Federal Deposit Insurance Corporation, or FDIC, up to $250,000.</p>
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CashFDICInsuredAmount
250000 usd
CY2022Q2 us-gaap Derivative Liabilities
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35297 usd
CY2022Q2 vism Convertible Notes Payables
ConvertibleNotesPayables
31350 usd
CY2021Q2 vism Convertible Notes Payables
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115047 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
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831047 usd
CY2020Q2 us-gaap Derivative Liabilities
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CY2021 vism Increase Due To Issuance Of Convertible Note
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CY2021 vism Derivative Liability Adjsutments As A Result Of Note Discounts
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530896 usd
CY2021 vism Gain Loss On Change In Fair Value Of Derivative Liability
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-1844460 usd
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
184381 usd
CY2022 vism Derivative Liability Reduced As A Result Of Debt Settlement
DerivativeLiabilityReducedAsAResultOfDebtSettlement
-147965 usd
CY2022 vism Gain Loss On Change In Fair Value Of Derivative Liability
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-1119 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
35297 usd
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
11348 shares
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
11348 shares
CY2022 vism Incremental Common Shares Attributable To Common Stock Option
IncrementalCommonSharesAttributableToCommonStockOption
2222 shares
CY2021 vism Incremental Common Shares Attributable To Common Stock Option
IncrementalCommonSharesAttributableToCommonStockOption
11852 shares
CY2022 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
5049 shares
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
9011 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3006102 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1602232 shares
CY2022 vism Total Reverse Stock Split Outstanding Common Shares
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2896396 shares
CY2022 vism Description Of Reverse Stock Split Effect
DescriptionOfReverseStockSplitEffect
This action also reduced the number of Authorized common shares of the Company from 10,000,000,000 to 1,000,000,000
CY2022 vism Debt Conversion Converted Instrument Principal
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772797 usd
CY2022 vism Amount Converted Interest
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56000 usd
CY2022 vism Conversion Expense
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2250 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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2505011 shares
CY2022 vism Prepaid License Fee
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70000 usd
CY2022 vism Conversion Of Warrant Ranging
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from $0.0055 to $0.02 per share exercise price of the warrants
CY2022 vism Recognition Of Gane Loss
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1119 usd
CY2021 vism Recognition Of Gane Loss
RecognitionOfGaneLoss
1844460 usd
CY2022Q2 vism Warrants Fair Value
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3947 usd
CY2021Q2 vism Warrants Fair Value
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69334 usd
CY2022Q2 vism Derivative Liabilities Fair Value Assumptions Market Price
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1.755
CY2021Q2 vism Derivative Liabilities Fair Value Assumptions Market Price
DerivativeLiabilitiesFairValueAssumptionsMarketPrice
8.10
CY2022 vism Derivative Liabilities Fair Value Assumptions Expected Dividend Rate
DerivativeLiabilitiesFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 vism Derivative Liabilities Fair Value Assumptions Expected Dividend Rate
DerivativeLiabilitiesFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q2 vism Convertible Notes Payable1
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1487431 usd
CY2021Q2 vism Convertible Notes Payable1
ConvertibleNotesPayable1
1205228 usd
CY2022Q2 vism Discount On Convertible Notes Payable
DiscountOnConvertibleNotesPayable
-412944 usd
CY2021Q2 vism Discount On Convertible Notes Payable
DiscountOnConvertibleNotesPayable
-396033 usd
CY2022Q2 vism Convertible Notes Payable To Related Parties Current
ConvertibleNotesPayableToRelatedPartiesCurrent
1074487 usd
CY2021Q2 vism Convertible Notes Payable To Related Parties Current
ConvertibleNotesPayableToRelatedPartiesCurrent
809195 usd
CY2022Q2 vism Convertible Notes Payable To Asc Recap
ConvertibleNotesPayableToAscRecap
0 usd
CY2021Q2 vism Convertible Notes Payable To Asc Recap
ConvertibleNotesPayableToAscRecap
147965 usd
CY2022Q2 vism Convertible Debt2
ConvertibleDebt2
1074487 usd
CY2021Q2 vism Convertible Debt2
ConvertibleDebt2
957160 usd
CY2022Q2 vism Convertible Notes Payable2
ConvertibleNotesPayable2
1487431 usd
CY2021Q2 vism Convertible Notes Payable2
ConvertibleNotesPayable2
1205228 usd
CY2013Q3 vism Principal Amount
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25000 usd
CY2014Q2 vism Principal Amount
PrincipalAmount
125000 usd
CY2022 vism Description Of Notes Convertible Into The Common Stock
DescriptionOfNotesConvertibleIntoTheCommonStock
The notes are convertible into the common stock of the Company at any time at a conversion price equal to (i) 50% of the lowest closing bid price of our common stock for the twenty days prior to conversion or (ii) fixed price of $0.15 or $0.30 per share.
CY2021Q2 vism Aged Debt Totaling
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787272 usd
CY2022Q2 vism Common Stock Shares Outstanding1
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2896396 shares
CY2022Q2 vism Restricted Stock Unvested Shares
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7408 shares
CY2022 vism Reverse Stock Split Outstanding Common Shares
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3916144800 shares
CY2022Q2 vism Accrued Interest Expense
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385803 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
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401469 usd
CY2022Q2 vism Convertible Debt1
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787272 usd
CY2022 vism Debt Conversion Converted Instrument Shares Issued16 C
DebtConversionConvertedInstrumentSharesIssued16C
146701 shares
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
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5.66
CY2022 vism Issuance Of Convertible Notes Payable
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86667 usd
CY2022 vism Relative Fair Value
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236567 usd
CY2022 vism Beneficial Conversion Feature Of Notes Payable
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239564 usd
CY2022Q2 vism Promissory Notes
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205000 usd
CY2021Q2 vism Promissory Notes
PromissoryNotes
411748 usd
CY2021Q2 us-gaap Interest Payable Current
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366149 usd
CY2022 us-gaap Interest Expense Debt
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133994 usd
CY2022 vism Payments Of Accrued Interest
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-39431 usd
CY2022 vism Conversion Of Accrued Interest Into Common Stock
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-56000 usd
CY2022Q2 us-gaap Interest Payable Current
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404712 usd
CY2022 us-gaap Interest Expense Debt
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133994 usd
CY2022 vism Amortization Of Debt Discount Premium1
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571081 usd
CY2022 vism Interest Expense Other1
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705075 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
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1000000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
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2903804 shares
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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146701 shares
CY2022 vism Shares Issued For Conversion Of Notes Payable Amount
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828797 usd
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
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5.66
CY2022 vism Fair Value Shares Issued
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2422722 usd
CY2022 vism Shares Issued As Warrent Shares
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4881 shares
CY2022Q2 vism Waarant Price Per Share
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0.0001
CY2022 vism Common Stock Issued To Litigation Of Settlement
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44444 shares
CY2022 vism Common Stock Issued To Litigation Of Settlement Amount
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108000 usd
CY2022 vism Gain On Settlement Of Litigation
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39965 usd
CY2021Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
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5049 shares
CY2022Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
5049 shares
CY2022Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
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14.85
CY2021Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageExercisePrice
14.85
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
5049 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y9M10D
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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14.85
CY2022Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
5049 shares
CY2022Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageExercisePrice
14.85
CY2022Q2 vism Preferred Stock Has A Stated Value
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0.001
CY2022 us-gaap Stock Issued During Period Shares New Issues
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11852 shares
CY2022 vism Fair Value Of Shares
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0.00
CY2022 us-gaap General And Administrative Expense
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143529 usd
CY2021 us-gaap General And Administrative Expense
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18554 usd
CY2022Q2 vism Unrecognized Pre Tax Non Cash Compensation Expense
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0 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2021 vism Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y10M2D
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7768000 usd
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7245000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11852 shares
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
20.25
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
11852 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.25
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
9630 usd
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
18.69
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
0 usd
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2222 shares
CY2022Q2 vism Weighted Average Exercie Price Ending
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27.00
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11852 shares
CY2021Q2 vism Weighted Average Exercie Price Ending
WeightedAverageExerciePriceEnding
20.25
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2022Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber1
2222 shares
CY2022Q2 vism Options Exercisable Period Ending
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27.00
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2021Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber1
1173 shares
CY2021Q2 vism Options Exercisable Period Ending
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20.25
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2222 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M2D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.00
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2222 shares
CY2022 vism Weighted Averaged Exercise Price Vested
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27.00
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y10M2D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2222 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M2D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.00
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2222 shares
CY2022 vism Weighted Averaged Exercise Price Vested
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27.00
CY2021Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1
97778 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.53
CY2020Q2 vism Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1
494 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
81.00
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
41481 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.66
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
146667 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.53
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
8025 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
10.80
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
123827 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
14.85
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
49383 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
15.53
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
7407 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
13.50
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
97778 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.53
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
91800 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y6M
CY2022 us-gaap Income Tax Expense Benefit
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0 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.217 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.217 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.036 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.036 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.086 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.086 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.167 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.167 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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0 usd
CY2021Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
0 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7768000 usd
CY2021Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7245000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7768000 usd
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7245000 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
36900000 usd
CY2022 vism Net Operating Loss Carryforwards Expiration Date
NetOperatingLossCarryforwardsExpirationDate
expire through fiscal years ending 2040
CY2022 vism Percent Of Change In Ownership
PercentOfChangeInOwnership
0.50 pure
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7768000 usd
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7245000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
523000 usd
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.35 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.217 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.254 pure
CY2022Q2 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
0 usd
CY2021 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1481 usd

Files In Submission

Name View Source Status
R32.htm Edgar Link pending
R33.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
vism-20220630.xsd Edgar Link pending
vism_10k.htm Edgar Link pending
vism_10kimg1.jpg Edgar Link pending
vism_10kimg2.jpg Edgar Link pending
vism_10kimg3.jpg Edgar Link pending
vism_ex211.htm Edgar Link pending
vism_ex311.htm Edgar Link pending
vism_ex312.htm Edgar Link pending
vism_ex321.htm Edgar Link pending
vism_ex322.htm Edgar Link pending
vism-20220630_pre.xml Edgar Link unprocessable
vism-20220630_def.xml Edgar Link unprocessable
vism-20220630_cal.xml Edgar Link unprocessable
vism-20220630_lab.xml Edgar Link unprocessable
vism_10k_htm.xml Edgar Link completed
0001654954-22-013289-index-headers.html Edgar Link pending
0001654954-22-013289-index.html Edgar Link pending
0001654954-22-013289.txt Edgar Link pending
0001654954-22-013289-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable