VISM 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-05-20

• For the nine months ended March 31, 2026, selling, general and administrative expenses were $1,150,520 as compared to $907,968 for the nine months ended March 31, 2025. For the nine-month periods ended March 31, 2026 and 2025 selling, general and administrative expenses consisted of the following:

• The increase in selling, general and administrative expenses of $242,552 during fiscal 2026, when compared with the prior year, is primarily due to an increase in stock-based compensation of $295,350, higher travel expenses of $546, an higher accounting expense of $1,798, offset by a decrease in sto…

• The Company recorded a gain on the change in fair value of derivative liabilities of $80,293 for the nine months ended March 31, 2026. This fluctuation is a result of the period-end revaluation of the aforementioned liabilities using the Cox, Ross & Rubinstein Binomial Tree model, driven largely by …

• Interest expense represents stated interest of notes and convertible notes payable as well as amortization of debt discount.

• In July 2024 the Company obtained a legal opinion to extinguish aged debt totaling $725,059 as detailed in the following table. Each of the individual debt instruments were determined to be beyond the statute of limitations and it was determined that the Company has a complete defense to liability r…

相对上期删除的文字 · 来源:10-Q · 2026-02-20

• Cybastion Institute of Technology: Strategic partner for African digital infrastructure projects and systems integration services

• Pro-Profit Consulting, SA: Market development and deployment partner for Angola and Southern African markets

• True Photonic: Development partnership for TruContext Photon™, an AI-native platform for pure photonic computing environments targeting late 2026 pilot deployments

• Developing the next generation TruContext Photon™ platform for photonic computing environments to deliver unprecedented performance and energy efficiency

• As of December 31, 2025, we had five (5) full time employees.

相对上期新增的文字 · 来源:10-Q · 2026-05-20

• Management is committed to remediating the material weaknesses identified above. The following remediation measures have been identified and are in various stages of planning and implementation:

• Material Weakness 1 — Absence of Formal Written Policies and Procedures. Management has initiated a review of all key financial reporting processes, including accounts payable and accrual recognition, debt and equity transaction recording, and period-end close procedures. Management intends to docum…

• Material Weakness 2 — Absence of Formal Financial Reporting Objectives and Risk Assessment Documentation. Management intends to develop and maintain a formal, written risk assessment that identifies the Company's financial reporting objectives, the risks that could prevent those objectives from bein…

• Material Weakness 3 — Inadequate Segregation of Duties. The Company acknowledges that its current size and limited personnel make full segregation of duties impractical in the near term. As a compensating control, management has implemented, or intends to implement, the following measures: (i) enhan…

• Management believes that the foregoing remediation steps, when fully implemented, will remediate the identified material weaknesses. However, the material weaknesses will not be considered remediated until the applicable controls have operated effectively for a sufficient period of time and manageme…

相对上期删除的文字 · 来源:10-Q · 2026-02-20

• During the quarter ended December 31, 2025, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.