2024 Q4 Form 10-Q Financial Statement

#000165495424014469 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $370.5K $508.1K
YoY Change -27.09% 41.29%
% of Gross Profit
Research & Development $0.00 $28.36K
YoY Change -100.0% -48.33%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $370.5K $536.5K
YoY Change -30.95% 29.42%
Operating Profit -$370.5K -$536.5K
YoY Change -30.95% 29.42%
Interest Expense $54.09K $46.53K
YoY Change 16.24% -64.14%
% of Operating Profit
Other Income/Expense, Net $697.1K -$52.20K
YoY Change -1435.51% -91.63%
Pretax Income $326.6K -$588.7K
YoY Change -155.48% -43.28%
Income Tax $0.00
% Of Pretax Income
Net Earnings $326.6K -$588.7K
YoY Change -155.48% -43.28%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.02
Diluted Earnings Per Share $0.00 -$0.03
COMMON SHARES
Basic Shares Outstanding 242.4M shares 239.5M shares 45.52M shares
Diluted Shares Outstanding 259.2M shares 36.32M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.100K $30.53K
YoY Change -73.47% 35.57%
Cash & Equivalents $8.102K $30.53K
Short-Term Investments
Other Short-Term Assets $58.34K
YoY Change 11.12%
Inventory
Prepaid Expenses $58.34K
Receivables
Other Receivables
Total Short-Term Assets $8.102K $88.87K
YoY Change -90.88% 18.46%
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 $8.102K $88.87K
Total Long-Term Assets $0.00 $0.00
Total Assets $8.102K $88.87K
YoY Change -90.88% 18.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.133M $1.035M
YoY Change 9.45% 59.94%
Accrued Expenses $2.349M $2.065M
YoY Change 13.74% 63.88%
Deferred Revenue
YoY Change
Short-Term Debt $973.7K $1.346M
YoY Change -27.67% -20.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.710M $4.705M
YoY Change 0.11% 27.97%
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 $4.710M $4.705M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $4.710M $4.705M
YoY Change 0.11% 27.97%
SHAREHOLDERS EQUITY
Retained Earnings -$62.42M -$60.94M
YoY Change 2.43% 5.81%
Common Stock $24.25K $4.554K
YoY Change 432.52% 1470.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.702M -$4.616M
YoY Change
Total Liabilities & Shareholders Equity $8.102K $88.87K
YoY Change -90.88% 18.46%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $326.6K -$588.7K
YoY Change -155.48% -43.28%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$110.6K -$145.7K
YoY Change -24.1% -12.99%
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 $110.2K $166.3K
YoY Change -33.69% -99.69%
NET CHANGE
Cash From Operating Activities -$110.6K -$145.7K
Cash From Investing Activities
Cash From Financing Activities $110.2K $166.3K
Net Change In Cash -$355.00 $20.55K
YoY Change -101.73% -99.96%
FREE CASH FLOW
Cash From Operating Activities -$110.6K -$145.7K
Capital Expenditures
Free Cash Flow
YoY Change

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114275 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
26111 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-60396 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
725059 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
54730 usd
CY2024Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
12150 usd
CY2023Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
11235 usd
CY2024Q3 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
42143 usd
CY2023Q3 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
150702 usd
CY2024Q3 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 usd
CY2023Q3 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
58339 usd
CY2024Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
29641 usd
CY2023Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
63201 usd
CY2024Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
154250 usd
CY2023Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
156250 usd
CY2024Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-110600 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-145709 usd
CY2024Q3 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
56526 usd
CY2023Q3 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
18056 usd
CY2024Q3 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
CY2023Q3 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
44250 usd
CY2024Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2023Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
83000 usd
CY2024Q3 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
75000 usd
CY2023Q3 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
135000 usd
CY2024Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
21281 usd
CY2023Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25548 usd
CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
110245 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
166258 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-355 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
20549 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8456 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9982 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8102 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30531 usd
CY2024Q3 us-gaap Interest Paid Net
InterestPaidNet
3151 usd
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
9541 usd
CY2024Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2024Q3 vism Common Stock Issued For Conversion Of Notes Payable And Accrued Interest
CommonStockIssuedForConversionOfNotesPayableAndAccruedInterest
44902 usd
CY2023Q3 vism Common Stock Issued For Conversion Of Notes Payable And Accrued Interest
CommonStockIssuedForConversionOfNotesPayableAndAccruedInterest
111905 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
326616 usd
CY2024Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-110600 usd
CY2024Q3 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 2025, for example, refer to the fiscal year ending June 30, 2025.</p>
CY2024Q3 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>
CY2024Q3 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 September 30, 2024 and June 30, 2024, the Company did not exceed these FDIC limits.</p>
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
41566 usd
CY2024Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-26111 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
15455 usd
CY2024Q3 vism Weighted Average Number Of Diluted Shares Outstanding One
WeightedAverageNumberOfDilutedSharesOutstandingOne
229028045 shares
CY2024 vism Weighted Average Number Of Diluted Shares Outstanding One
WeightedAverageNumberOfDilutedSharesOutstandingOne
102376772 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
30151094 shares
CY2024Q3 vism Common Stock Options
CommonStockOptions
2222 shares
CY2024Q3 vism Issuance Of Warrant Shares
IssuanceOfWarrantShares
5114576 usd
CY2024Q2 vism Issuance Of Warrant Shares
IssuanceOfWarrantShares
0 usd
CY2024Q3 vism Antidilutive Securities Excluded From Computation Of Earnings Per Shares
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShares
5116798 shares
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
15455 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
41566 usd
CY2024Q3 vism Derivative Liabilities Fair Value Assumptions Exercise Price
DerivativeLiabilitiesFairValueAssumptionsExercisePrice
0.00138
CY2023Q3 vism Derivative Liabilities Fair Value Assumptions Exercise Price
DerivativeLiabilitiesFairValueAssumptionsExercisePrice
0.00784
CY2024Q3 vism Derivative Liabilities Fair Value Assumptions Market Price
DerivativeLiabilitiesFairValueAssumptionsMarketPrice
0.0028
CY2023Q3 vism Derivative Liabilities Fair Value Assumptions Market Price
DerivativeLiabilitiesFairValueAssumptionsMarketPrice
0.0252
CY2024Q3 vism Derivative Liabilities Fair Value Assumptions Expected Volatility Rate
DerivativeLiabilitiesFairValueAssumptionsExpectedVolatilityRate
2.7619 pure
CY2023Q3 vism Derivative Liabilities Fair Value Assumptions Expected Volatility Rate
DerivativeLiabilitiesFairValueAssumptionsExpectedVolatilityRate
1.9239 pure
CY2024Q3 vism Derivative Liabilities Fair Value Assumptions Risk Free Interest Rate
DerivativeLiabilitiesFairValueAssumptionsRiskFreeInterestRate
0.0487 pure
CY2023Q3 vism Derivative Liabilities Fair Value Assumptions Risk Free Interest Rate
DerivativeLiabilitiesFairValueAssumptionsRiskFreeInterestRate
0.056 pure
CY2024Q3 vism Derivative Liabilities Fair Value Assumptions Expected Term
DerivativeLiabilitiesFairValueAssumptionsExpectedTerm
P60D
CY2023Q3 vism Derivative Liabilities Fair Value Assumptions Expected Term
DerivativeLiabilitiesFairValueAssumptionsExpectedTerm
P60D
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
41566 usd
CY2024Q3 vism Loss On Change In Fair Value Of Derivative Liabalities
LossOnChangeInFairValueOfDerivativeLiabalities
-26111 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
15455 usd
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
540116 usd
CY2024Q3 vism Interest Expense Accrued
InterestExpenseAccrued
36107 usd
CY2024Q3 us-gaap Net Investment In Lease Accrued Interest Writeoff
NetInvestmentInLeaseAccruedInterestWriteoff
-361559 usd
CY2024Q3 vism Convertible Notes Payable1
ConvertibleNotesPayable1
293046 usd
CY2024Q2 vism Convertible Notes Payable1
ConvertibleNotesPayable1
541383 usd
CY2024Q3 vism Discount On Convertible Notes Payable
DiscountOnConvertibleNotesPayable
-4523 usd
CY2024Q2 vism Discount On Convertible Notes Payable
DiscountOnConvertibleNotesPayable
-7022 usd
CY2024Q3 vism Convertible Notes Payable To Related Parties Current
ConvertibleNotesPayableToRelatedPartiesCurrent
288523 usd
CY2024Q2 vism Convertible Notes Payable To Related Parties Current
ConvertibleNotesPayableToRelatedPartiesCurrent
534361 usd
CY2024Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
288523 usd
CY2024Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
534361 usd
CY2024Q3 vism Scheduleofconvertible Notes Payabletabletextblock
ScheduleofconvertibleNotesPayabletabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><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, 2024</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;">534,361</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 three months ended September 30, 2024</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;">-</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;">-</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">Discount amortization 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;">2,499</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">Write off of convertible note principal balance</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;">(208,500 </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">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;">(39,838 </td><td style="PADDING-BOTTOM: 1px;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">Convertible payable at September 30, 2024</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;">288,523</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>
CY2024Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
534361 usd
CY2024Q3 vism Convertible Notes Issued55
ConvertibleNotesIssued55
0 usd
CY2024Q3 vism Convertible Notes Repaid In Cash
ConvertibleNotesRepaidInCash
0 usd
CY2024Q3 vism Discount Amortization Related To Convertible Notes Payable
DiscountAmortizationRelatedToConvertibleNotesPayable
2499 usd
CY2024Q3 vism Write Off Of Convertible Note Principal Balance
WriteOffOfConvertibleNotePrincipalBalance
-208500 usd
CY2024Q3 vism Conversion Of Convertible Notes Payable Into Common Stock
ConversionOfConvertibleNotesPayableIntoCommonStock
-39838 usd
CY2024Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
288523 usd
CY2024Q3 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
10691000 shares
CY2024Q3 vism Convertible Notes Payable Principle Amount
ConvertibleNotesPayablePrincipleAmount
39838 usd
CY2024Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3315 usd
CY2024Q3 vism Convertible Notes Payable Conversion Expense
ConvertibleNotesPayableConversionExpense
1750 usd
CY2024Q3 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
44902 usd
CY2024Q3 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
0.0042
CY2024Q3 vism Legal Opinion To Extinguish Aged Debt
LegalOpinionToExtinguishAgedDebt
725059 usd
CY2024Q3 vism Accrued Interest Expense
AccruedInterestExpense
361559 usd
CY2024Q3 vism Convertible Note Payable
ConvertibleNotePayable
208500 usd
CY2024Q3 vism Promissory Notes Payable
PromissoryNotesPayable
155000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
725059 usd
CY2023Q3 vism Common Stock Convertible Conversion Prices Increase
CommonStockConvertibleConversionPricesIncrease
0.0169
CY2023Q3 vism Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
66765 usd
CY2024Q3 vism Loss On Extinguishments Of Debt Related To Payoff Of Convertible Note
LossOnExtinguishmentsOfDebtRelatedToPayoffOfConvertibleNote
12035 shares
CY2024Q3 vism Loss On Extinguishment Of Debt Related To Payoff Of Convertible Note
LossOnExtinguishmentOfDebtRelatedToPayoffOfConvertibleNote
-12035 usd
CY2024Q3 vism Gain On Extinguishment Of Debt Related To Note Conversions
GainOnExtinguishmentOfDebtRelatedToNoteConversions
66765 usd
CY2024Q3 vism Gain On Extinguishment Of Debt Amount
GainOnExtinguishmentOfDebtAmount
54730 usd
CY2024Q3 vism Common Stock Convertible Conversion Prices Increase
CommonStockConvertibleConversionPricesIncrease
2.43
CY2024Q3 vism Increase Number Of Authorized Shares Description
IncreaseNumberOfAuthorizedSharesDescription
Common Stock from 1,000,000,000 shares to 3,000,000,000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3000000000 shares
CY2024Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
242394599 shares
CY2024Q3 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
504925 usd
CY2024Q3 vism Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted Due To Repricing
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantedDueToRepricing
5048426 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
5114576 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.023
CY2024Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024Q3 vism Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price Warrant
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePriceWarrant
0
CY2024Q3 vism Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
5114716 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0023
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5114576 shares
CY2024Q3 vism Share Based Compensations Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationsArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.023
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
5114576 shares
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y11M1D
CY2024Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.023
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5114576 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.023
CY2024Q3 vism Gain Loss On Extinguishment Of Debt Related To Note Conversions
GainLossOnExtinguishmentOfDebtRelatedToNoteConversions
725059 usd
CY2024Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
361559 usd
CY2024Q3 vism Convertiblenotespayable Write Off
ConvertiblenotespayableWriteOff
208500 usd
CY2024Q3 vism Promissorynotespayable Write Off
PromissorynotespayableWriteOff
155000 usd
CY2024Q3 vism Gain Loss On Extinguishment Of Debt Related To Note Conversions
GainLossOnExtinguishmentOfDebtRelatedToNoteConversions
725059 usd
CY2024Q3 vism Plan Terminates Period
PlanTerminatesPeriod
P10Y
CY2024Q3 vism Options To Purchase Vested Shares
OptionsToPurchaseVestedShares
16000000 shares
CY2024Q3 vism Average Price Per Share Of Stock Option
AveragePricePerShareOfStockOption
27.00
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
0 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
0 usd
CY2024Q3 vism Unrecognized Pre Tax Non Cash Compensation Expense
UnrecognizedPreTaxNonCashCompensationExpense
0 usd
CY2024Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2222 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2222 shares
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
27.00
CY2024Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y7M2D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
17850000 shares
CY2024Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
2140529 usd
CY2023Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1986279 usd

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