2024 Q1 Form 10-Q Financial Statement

#000165495424001969 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $399.6K $1.083M
YoY Change -29.64% 102.88%
% of Gross Profit
Research & Development $19.45K $19.45K
YoY Change -73.63% -58.68%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $419.1K $1.103M
YoY Change -34.7% 89.79%
Operating Profit -$419.1K -$1.103M
YoY Change -34.7% 89.79%
Interest Expense $74.71K $132.0K
YoY Change 268.68% 254.89%
% of Operating Profit
Other Income/Expense, Net -$59.01K -$105.7K
YoY Change -34.69% -24.81%
Pretax Income -$478.1K -$1.208M
YoY Change -34.7% 67.47%
Income Tax
% Of Pretax Income
Net Earnings -$478.1K -$1.208M
YoY Change -34.7% 67.47%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$0.02
COMMON SHARES
Basic Shares Outstanding 105.8M shares 77.93M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.250K $8.480K
YoY Change -82.35% -72.99%
Cash & Equivalents $8.247K $8.478K
Short-Term Investments
Other Short-Term Assets $19.45K $38.89K
YoY Change 11.14% 11.11%
Inventory
Prepaid Expenses $19.45K $38.89K
Receivables
Other Receivables
Total Short-Term Assets $27.69K $47.37K
YoY Change -56.9% -28.65%
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
YoY Change
TOTAL ASSETS
Total Short-Term Assets $27.69K $47.37K
Total Long-Term Assets $0.00 $0.00
Total Assets $27.69K $47.37K
YoY Change -56.9% -28.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.063M $1.019M
YoY Change 60.75% 58.38%
Accrued Expenses $2.346M $2.212M
YoY Change 44.4% 51.28%
Deferred Revenue
YoY Change
Short-Term Debt $1.327M $1.354M
YoY Change -25.27% -23.24%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.937M $4.772M
YoY Change 14.4% 17.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.937M $4.772M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $4.937M $4.772M
YoY Change 14.4% 17.43%
SHAREHOLDERS EQUITY
Retained Earnings -$62.77M -$62.15M
YoY Change 6.31% 6.57%
Common Stock $12.65K $9.652K
YoY Change 2162.61% 2325.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.910M -$4.725M
YoY Change
Total Liabilities & Shareholders Equity $27.69K $47.37K
YoY Change -56.9% -28.65%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$478.1K -$1.208M
YoY Change -34.7% 67.47%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$100.3K -$121.5K
YoY Change -42.54% 9.78%
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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 100.1K 99.44K
YoY Change -47.31% -16.79%
NET CHANGE
Cash From Operating Activities -100.3K -121.5K
Cash From Investing Activities
Cash From Financing Activities 100.1K 99.44K
Net Change In Cash -230.0 -22.06K
YoY Change -101.5% -350.11%
FREE CASH FLOW
Cash From Operating Activities -$100.3K -$121.5K
Capital Expenditures
Free Cash Flow
YoY Change

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533892 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1591308 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
893581 usd
CY2023Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19446 usd
CY2022Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47060 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47809 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
101952 usd
CY2023Q4 us-gaap Operating Expenses
OperatingExpenses
1102614 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
580952 usd
us-gaap Operating Expenses
OperatingExpenses
1639117 usd
us-gaap Operating Expenses
OperatingExpenses
995533 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1102614 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-580952 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1639117 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-995533 usd
CY2023Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
93085 usd
CY2022Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-45233 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
32689 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-33862 usd
CY2023Q4 vism Derivative Liability Expense
DerivativeLiabilityExpense
0 usd
CY2022Q4 vism Derivative Liability Expense
DerivativeLiabilityExpense
58139 usd
vism Derivative Liability Expense
DerivativeLiabilityExpense
0 usd
vism Derivative Liability Expense
DerivativeLiabilityExpense
58139 usd
CY2023Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-66765 usd
CY2022Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12035 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-504925 usd
CY2023Q4 us-gaap Interest Expense
InterestExpense
132014 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
37199 usd
us-gaap Interest Expense
InterestExpense
178544 usd
us-gaap Interest Expense
InterestExpense
166940 usd
CY2023Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-105694 usd
CY2022Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-140571 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-157890 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-763866 usd
CY2023Q4 vism Net Income Losses
NetIncomeLosses
-1208308 usd
CY2022Q4 vism Net Income Losses
NetIncomeLosses
-721523 usd
vism Net Income Losses
NetIncomeLosses
-1797007 usd
vism Net Income Losses
NetIncomeLosses
-1759399 usd
CY2023Q4 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2022Q4 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
us-gaap Dividends Common Stock
DividendsCommonStock
484460 usd
us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2023Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1208308 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-721523 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2281467 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1759399 usd
CY2023Q4 vism Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
-0.02
CY2022Q4 vism Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
-0.22
vism Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
-0.04
CY2023Q4 vism Weighted Average Number Of Diluted Shares Outstanding1
WeightedAverageNumberOfDilutedSharesOutstanding1
78899929 shares
CY2022Q4 vism Weighted Average Number Of Diluted Shares Outstanding1
WeightedAverageNumberOfDilutedSharesOutstanding1
3271675 shares
vism Weighted Average Number Of Diluted Shares Outstanding1
WeightedAverageNumberOfDilutedSharesOutstanding1
57608052 shares
vism Weighted Average Number Of Diluted Shares Outstanding1
WeightedAverageNumberOfDilutedSharesOutstanding1
3085138 shares
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-4615834 usd
CY2023Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
258749 usd
CY2023Q4 vism Shares Issued As Compensation To Employees Amount
SharesIssuedAsCompensationToEmployeesAmount
85352 usd
CY2023Q4 vism Shares Issued As Compensation To Directors And Officers Amount
SharesIssuedAsCompensationToDirectorsAndOfficersAmount
457756 usd
CY2023Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
304234 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-1208308 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4724913 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-4253314 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
306100 usd
vism Shares Issued As Compensation To Employees Amount
SharesIssuedAsCompensationToEmployeesAmount
89408 usd
vism Shares Issued As Compensation To Directors And Officers Amount
SharesIssuedAsCompensationToDirectorsAndOfficersAmount
520624 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
409276 usd
us-gaap Net Income Loss
NetIncomeLoss
-1797007 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4724913 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-3601480 usd
CY2022Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
3100 usd
CY2022Q4 vism Shares Issued As Compensation To Employees Amount
SharesIssuedAsCompensationToEmployeesAmount
72850 usd
CY2022Q4 vism Shares Issued As Compensation To Directors And Officers Amount
SharesIssuedAsCompensationToDirectorsAndOfficersAmount
172604 usd
CY2022Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
77049 usd
CY2022Q4 vism Shares Issued For Exercise Of Warrants Amount
SharesIssuedForExerciseOfWarrantsAmount
0 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-721523 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-3997400 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2793558 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
18873 usd
vism Shares Issued As Compensation To Employees Amount
SharesIssuedAsCompensationToEmployeesAmount
72850 usd
vism Shares Issued As Compensation To Directors And Officers Amount
SharesIssuedAsCompensationToDirectorsAndOfficersAmount
199813 usd
vism Warrants Issued On Extinguishment Of Debt
WarrantsIssuedOnExtinguishmentOfDebt
186972 usd
vism Shares Issued For Conversion Of Notes Payable And Accrued Interest Amount
SharesIssuedForConversionOfNotesPayableAndAccruedInterestAmount
77049 usd
vism Shares Issued For Exercise Of Warrants Amount
SharesIssuedForExerciseOfWarrantsAmount
0 usd
us-gaap Net Income Loss
NetIncomeLoss
-1759399 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-3997400 usd
us-gaap Profit Loss
ProfitLoss
1797007 usd
us-gaap Profit Loss
ProfitLoss
1759399 usd
us-gaap Share Based Compensation
ShareBasedCompensation
916132 usd
us-gaap Share Based Compensation
ShareBasedCompensation
291536 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
19896 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
94956 usd
vism Derivative Liability Expense
DerivativeLiabilityExpense
0 usd
vism Derivative Liability Expense
DerivativeLiabilityExpense
58139 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
32689 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-33862 usd
vism Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
-12035 usd
vism Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
-504925 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
173512 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
50467 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
38893 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
35000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-152306 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-71981 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
327500 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
410434 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-267208 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-278099 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
235000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
44250 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
86717 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
105000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
51818 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
40055 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
67500 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
265704 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
172500 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1504 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-105599 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9982 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136990 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8478 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31391 usd
us-gaap Interest Paid Net
InterestPaidNet
7560 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
vism Issuance Of Common Stock For Conversion Of Notes Payable And Accrued Interest
IssuanceOfCommonStockForConversionOfNotesPayableAndAccruedInterest
409276 usd
vism Issuance Of Common Stock For Conversion Of Notes Payable And Accrued Interest
IssuanceOfCommonStockForConversionOfNotesPayableAndAccruedInterest
77049 usd
vism Warrants Issued On Extinguishment Of Debt
WarrantsIssuedOnExtinguishmentOfDebt
0 usd
vism Warrants Issued On Extinguishment Of Debt
WarrantsIssuedOnExtinguishmentOfDebt
186972 usd
us-gaap Net Income Loss
NetIncomeLoss
-1797007 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-267208 usd
CY2023Q4 vism Working Capital Deficit
WorkingCapitalDeficit
4724913 usd
us-gaap Fiscal Period
FiscalPeriod
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The fiscal year ends on June 30. References to fiscal year 2024, for example, refer to the fiscal year ending June 30, 2024.</p>
us-gaap Use Of Estimates
UseOfEstimates
<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 valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate and in the valuation allowance of deferred tax assets and derivative liability.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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. As of December 31, 2023 and June 30, 2023, the Company did not exceed these FDIC limits.</p>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57608052 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6306120 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
24712177 shares
CY2022Q4 vism Derivative Liabilities Fair Value Assumptions Exercise Price
DerivativeLiabilitiesFairValueAssumptionsExercisePrice
0.058
CY2023Q4 vism Derivative Liabilities Fair Value Assumptions Market Price
DerivativeLiabilitiesFairValueAssumptionsMarketPrice
0.0169
vism Derivative Liabilities Fair Value Assumptions Expected Volatility Rate
DerivativeLiabilitiesFairValueAssumptionsExpectedVolatilityRate
2.568 pure
vism Derivative Liabilities Fair Value Assumptions Risk Free Interest Rate
DerivativeLiabilitiesFairValueAssumptionsRiskFreeInterestRate
0.0441 pure
vism Derivative Liabilities Fair Value Assumptions Expected Term
DerivativeLiabilitiesFairValueAssumptionsExpectedTerm
P60M
us-gaap Liability For Future Policy Benefits Period Expense
LiabilityForFuturePolicyBenefitsPeriodExpense
0 usd
vism Interest Expense Accrued
InterestExpenseAccrued
159866 usd
CY2023Q4 vism Convertibles Notes Payable
ConvertiblesNotesPayable
772065 usd
CY2023Q2 vism Convertibles Notes Payable
ConvertiblesNotesPayable
973576 usd
vism Scheduleofconvertible Notes Payabletabletextblock
ScheduleofconvertibleNotesPayabletabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible payable at June 30, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">937,576</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible notes issued during the six months ended December 31, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">86,717</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible notes repaid in cash</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(44,250 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Discount related to convertible notes payable</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(2,437 </td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Conversion of convertible notes payable into common stock</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(205,724 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible payable at December 31, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">772,065</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q2 vism Convertibles Notes Payables
ConvertiblesNotesPayables
937576 usd
vism Convertible Notes Repaid In Cash
ConvertibleNotesRepaidInCash
-44250 usd
us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
0.0169
vism Unvested Shares Issued For The Restricted Stock
UnvestedSharesIssuedForTheRestrictedStock
312476 shares
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
504925 usd
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
5048426 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
5115207 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.025
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
vism Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price Warrant
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePriceWarrant
10.395
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.023
vism Plan Terminates Period
PlanTerminatesPeriod
P10Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0 pure
CY2023 vism Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2222 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2222 shares
vism Accrued Payrolldisclosuretextblock
AccruedPayrolldisclosuretextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 10 - ACCRUED PAYROLL</strong></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;">Accrued payroll consist of the following at:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023 </strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Accrued Payroll - officers</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,042,362</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">900,846</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Accrued payroll - staff</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">657,017</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">471,033</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,699,379</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,371,879</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1699379 usd

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