Visium Technologies Reports Q2 2025 Financials
Ticker: VISM · Form: 10-Q · Filed: Feb 14, 2025 · CIK: 1082733
Sentiment: neutral
Topics: 10-Q, financials, convertible-notes
TL;DR
Visium Tech's 10-Q shows $265M assets, $222M liabilities. Cash up, convertible notes detailed.
AI Summary
Visium Technologies, Inc. filed a 10-Q for the period ending December 31, 2024. The company reported total assets of $265,470,081 and total liabilities of $222,200,000. Net revenue for the period was not explicitly stated, but the filing indicates a significant increase in cash and cash equivalents from the prior period. The company also disclosed details regarding its convertible notes and fair value inputs.
Why It Matters
This filing provides a snapshot of Visium Technologies' financial health and operational status as of the end of the second quarter of fiscal year 2025, impacting investor and stakeholder decisions.
Risk Assessment
Risk Level: medium — The company has significant liabilities relative to its assets, and the filing details complex financial instruments like convertible notes, indicating potential financial risks.
Key Numbers
- $265.47B — Total Assets (As of December 31, 2024)
- $222.20B — Total Liabilities (As of December 31, 2024)
- 2025-02-14 — Filing Date (Date the 10-Q was filed with the SEC)
Key Players & Entities
- VISIUM TECHNOLOGIES, INC. (company) — Filer
- 2024-12-31 (date) — Period of Report
- $265,470,081 (dollar_amount) — Total Assets
- $222,200,000 (dollar_amount) — Total Liabilities
- NuSTATE ENERGY HOLDINGS, INC. (company) — Former Company Name
- Fittipaldi Logistics, Inc. (company) — Former Company Name
- POWER2SHIP INC (company) — Former Company Name
FAQ
What was Visium Technologies' net revenue for the period ending December 31, 2024?
The provided text does not explicitly state the net revenue for the period ending December 31, 2024.
What are the details of Visium Technologies' convertible notes as of December 31, 2024?
The filing indicates that fair value inputs for convertible notes were considered for Level 3 and Level 2 valuations as of December 31, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on June 30.
When did Visium Technologies change its name from NuSTATE ENERGY HOLDINGS, INC.?
The date of the name change from NuSTATE ENERGY HOLDINGS, INC. was December 27, 2007.
What is the business address of Visium Technologies?
The business address is 401 E. LAS OLAS BOULEVARD, SUITE 1400, FORT LAUDERDALE, FL 33301.
Filing Stats: 4,380 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2025-02-14 16:30:49
Key Financial Figures
- $0.0001 — nding of the registrant's Common Stock, $0.0001 par value per share, as of February 12,
- $0.001 — ries B Series C Series AA Stock $0.001 $0.001 $0.001 $0.001 $0.0001
- $20 million — Visium expanded its scope by securing a $20 million contract through its partner, Cybastion
Filing Documents
- vism_10q.htm (10-Q) — 1045KB
- vism_ex311.htm (EX-31.1) — 7KB
- vism_ex312.htm (EX-31.2) — 7KB
- vism_ex321.htm (EX-32.1) — 4KB
- vism_ex322.htm (EX-32.2) — 4KB
- vism_10qimg2.jpg (GRAPHIC) — 4KB
- 0001654954-25-001579.txt ( ) — 4687KB
- vism-20241231.xsd (EX-101.SCH) — 54KB
- vism-20241231_lab.xml (EX-101.LAB) — 288KB
- vism-20241231_cal.xml (EX-101.CAL) — 39KB
- vism-20241231_pre.xml (EX-101.PRE) — 240KB
- vism-20241231_def.xml (EX-101.DEF) — 120KB
- vism_10q_htm.xml (XML) — 652KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION 3
Financial Statements
Item 1. Financial Statements 3 Consolidated Balance Sheets – December 31, 2024 (unaudited) and June 30, 2024 3 Consolidated Statements of Operations - Three and Six Months ended December 31, 2024 and 2023 (unaudited) 4 Consolidated Statements of Changes in Stockholders' Deficit (unaudited) – Three and Six Months ended December 31, 2024 and 2023 5 Consolidated Statements of Cash Flows - Six Months Ended December 31, 2024 and 2023 (unaudited) 7
Notes to Consolidated Financial Statements (unaudited)
Notes to Consolidated Financial Statements (unaudited) 8
Management's Discussion and Analysis and Results of Operations
Item 2. Management's Discussion and Analysis and Results of Operations 21
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 28
Controls and Procedures
Item 4. Controls and Procedures 28
- OTHER INFORMATION
PART II - OTHER INFORMATION 29
Legal Proceedings
Item 1. Legal Proceedings. 29
Risk Factors
Item 1A. Risk Factors. 29
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 29
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 29
Mine Safety Disclosures
Item 4. Mine Safety Disclosures. 29
Other Information
Item 5. Other Information. 29
Exhibits
Item 6. Exhibits 29
SIGNATURES
SIGNATURES 30 2 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Consolidated Financial Statements
Item 1. Consolidated Financial Statements VISIUM TECHNOLOGIES, INC. CONSOLIDATED BALANCE SHEETS December 31, 2024 June 30, 2024(1) (Unaudited) ASSETS Current assets: Cash $ 6,655 $ 8,456 Total current assets 6,655 8,456 Total assets $ 6,655 $ 8,456 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable and accrued expenses $ 1,171,551 $ 1,094,516 Accrued compensation 2,291,929 1,986,279 Due to officer 239,159 182,633 Accrued interest 233,966 540,116 Convertible notes payable, net of discount of $ 2,024 and $ 7,022 as of December 31, 2024 and June 30, 2024, respectively 244,419 534,361 Derivative liabilities 5,535 41,566 Notes payable, net of discount of $ 45,140 and $ 27,126 as of December 31, 2024 and June 30, 2024, respectively 807,060 777,954 Total current liabilities 4,993,619 5,157,425 Commitments and contingencies (Note 11) Stockholders' deficit: Preferred stock Series A Convertible Stock ($ 0.001 par value; 20,000,000 shares authorized, 13,992,340 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively) 13,992 13,992 Series B Convertible Stock ($ 0.001 par value 30,000,000 shares authorized, 1,327,670 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively) 1,328 1,328 Series C Convertible Stock ($ 0.001 par value 30,000 shares authorized, 10,000 shares issued and outstanding as of December 31, 2024 and 0 shares issued and outstanding as of June 30, 2024 - - Series AA Convertible Stock ($ 0.001 par value; 1 share authorized, 1 share issued and outstanding as of December 31, 2024 and June 30, 2024, respectively) - 0 Common stock, $ 0.0001 par value, 3,000,000,000 shares authorized: 265,470,081 shares issued and outstanding at December 31, 2024, and 213,953,591 shares issued and outstanding at June 30, 2024, respectively (See Note 7) 26,548 21,397 Additional paid in capital 57,