VISIUM TECHNOLOGIES, INC. (VISM) Form 10-Q — May 20, 2026
Visium Technologies reported a net loss of $1.54 million for the nine months ended March 31, 2026, with zero revenue generated. The company disclosed substantial doubt about its ability to continue as a going concern, citing negative working capital of $6.8 million and reliance on future equity or debt financing to meet obligations. The filing reveals significant financial distress, including defaults on $835,000 of promissory notes and $191,000 of convertible notes. Management also identified three material weaknesses in internal controls, including a lack of formal written policies and inadequate segregation of duties due to limited personnel.
Key figures
- Eps
- 0
- Revenue
- 0
- Cash Position
- 0
- Shares Outstanding
- 1077502919
- Derivative Liability
- 191098
- Accrued Interest Payable
- 492406
- Defaulted Promissory Notes
- 835000
- Defaulted Convertible Notes
- 191199
Price after filing
Close on the filing date to close N calendar days later (from $0.00). Historical, not a forecast.
AI analysis
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