NOTE 1: ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Visium Technologies, Inc., or the Company, is a Florida corporation that was originally incorporated in Nevada in October 1987. It was formerly known as Jaguar Investments, Inc. between October 1987 and May 2003, Power2Ship, Inc. between May 2003 and November 2006, Fittipaldi Logistics, Inc. between November 2006 and December 2007, and as NuState Energy Holdings, Inc. between December 2007 and March 5, 2018 when it changed its name to Visium Technologies, Inc.

Visium is a technology company focused on the development and commercialization of artificial intelligence, cybersecurity, data intelligence and analytics solutions, together with related information technology professional services. The Company’s principal technology platform is TruContext™, an AI-enabled cybersecurity and data intelligence platform that uses graph-based analytics to ingest, correlate and visualize data from cybersecurity, information technology and operational technology environments. The Company did not generate revenue during the years ended June 30, 2026 and 2025.

Pursuant to a contract with Cybastion dated November 30, 2023, relating to projects in Côte d’Ivoire and Benin, Visium is to provide data center architecture and design services and a security stack incorporating the TruContext™ platform. As of June 30, 2026, no services had been performed and no revenue had been recognized under this contract.

Going Concern

The accompanying consolidated financial statements have been prepared on a going concern basis. For the year ended June 30, 2026, the Company had net income of $856,102, due primarily to a non-cash, non-recurring gain on extinguishment of debt, had net cash used in operating activities of $913,888, and had negative working capital of $1,951,292. These matters raise substantial doubt about the Company’s ability to continue as a going concern for one year after these consolidated financial statements are issued (or available to be issued). The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due, and to generate profitable operations in the future. Management plans to provide for the Company’s capital requirements by continuing to issue additional equity and debt securities. The outcome of these matters cannot be predicted at this time and there are no assurances that, if achieved, the Company will have sufficient funds to execute its business plan or generate positive operating results. Subsequent to June 30, 2026, the Company received $108,000 from the sale of common stock (see Note 16); however, as of the date these consolidated financial statements were issued, the Company had no committed sources of financing. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.