Vemanti (VMNT) 10-Q 15 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 15, 2024
Cover [Abstract]
Entity Registrant Name	VEMANTI GROUP, INC.
Entity Central Index Key	0001605057
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		72,615,503
Entity File Number	000-56266
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	46-5317552
Entity Address Address Line 1	7545 Irvine Center Dr.
Entity Address Address Line 2	Ste 200
Entity Address City Or Town	Irvine
Entity Address State Or Province	CA
Entity Address Postal Zip Code	92618
City Area Code	949
Local Phone Number	559-7200
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 57,115	$ 59,366
Assets from discontinued operations	97,138	85,575
Total Current Assets	154,253	144,941
TOTAL ASSETS	154,253	144,941
Current Liabilities:
Accounts Payable	25,760	5,371
Accrued Interest Payable	16,391	12,427
Accrued Expenses	0	11,599
Note Payable	161,458	158,279
Loan from Stockholder	125,000	125,000
Other Current Liabilities	0	0
Liabilities from Discontinued Operations	5,958	4,635
Total Current Liabilities	334,567	317,311
STOCKHOLDERS' EQUITY
Preferred Stock, $0.0001 par value, 50,000,000 shares authorized; 40,000,000 shares issued and outstanding.	4,000	4,000
Common Stock, $0.0001 par value, 500,000,000 shares authorized; 72,465,503 and 72,315,503 shares issued and outstanding as of March 31, 2024, and December 31, 2023, respectively.	7,247	7,232
Stock Payable	89,245	76,455
Additional Paid-in-Capital	5,637,569	5,561,129
Accumulated Deficit	(5,918,375)	(5,821,186)
Total Stockholders' Equity	(180,314)	(172,370)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 154,253	$ 144,941

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	40,000,000	40,000,000
Preferred stock, shares outstanding	40,000,000	40,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	72,465,503	72,315,503
Common stock, shares outstanding	72,465,503	72,315,503

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (Unaudited) - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Stock Payable Member	Accumulated Deficit
Balance, shares at Dec. 31, 2022		70,351,709	40,000,000
Balance, amount at Dec. 31, 2022	$ 482,195	$ 7,035	$ 4,000	$ 4,793,468	$ 0	$ (4,322,308)
Stock Issued for Services, shares		172,500
Stock Issued for Services, amount	92,227	$ 16	0	92,211	0	0
Net Loss	(355,065)	$ 0	$ 0	0	0	(355,065)
Balance, shares at Mar. 31, 2023		70,524,209	40,000,000
Balance, amount at Mar. 31, 2023	219,357	$ 7,051	$ 4,000	4,885,679	0	(4,677,373)
Balance, shares at Dec. 31, 2023		72,315,503	40,000,000
Balance, amount at Dec. 31, 2023	(172,370)	$ 7,232	$ 4,000	5,561,129	76,455	(5,821,186)
Stock Issued for Services, shares		150,000
Stock Issued for Services, amount	89,245	$ 15	0	76,440	12,790	0
Net Loss	(97,189)	$ 0	$ 0	0	0	(97,189)
Balance, shares at Mar. 31, 2024		72,465,503	40,000,000
Balance, amount at Mar. 31, 2024	$ (180,314)	$ 7,247	$ 4,000	$ 5,637,569	$ 89,245	$ (5,918,375)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Sales	$ 0	$ 0
Cost of Sales	0	0
Gross Margin	0	0
Operating Expenses:
General and Administrative	100,977	348,169
Amortization	0	8,039
Total Operating Expenses	100,977	356,208
Loss from Operations	(100,977)	(356,208)
Other Income (Expense):
Other Income (Expense)	691	478
Interest Income (Expense)	(7,144)	(1)
Total Other Expense	(6,453)	477
Loss before Provision for Income Taxes	(107,430)	(355,731)
Provision for Income Taxes	0	0
Net Loss from Continuing Operations	(107,430)	(355,731)
Net Profit from Discontinued Operations before Provision for Income Taxes	10,241	666
Provision for Income Taxes from Discontinued Operations	0	0
Net Profit from Discontinued Operations	10,241	666
Net Loss	$ (97,189)	$ (355,065)
Loss per Share:
Basic and Diluted from Continuing Operations	$ 0	$ (0.01)
Basic and Diluted from Discontinued Operations	0	0
Basic and Diluted, Total	$ 0	$ (0.01)
Weighted Average Shares Outstanding:
Basic and Diluted	72,445,723	70,466,709

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities:
Net Loss from Continuing Operations	$ (107,430)	$ (355,731)
Net Profit from Discontinued Operations	10,241	666
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Amortization of OID	3,179	8,039
Stock-Based Compensation	89,245	123,710
Changes in Assets and Liabilities:
Accounts Receivable	(319)	(1,764)
Pre-Paid Expenses	160	91,057
Accounts Payable	21,929	23,463
Accrued Expenses	(12,790)	0
Accrued Interest Payable	3,965	0
Other Current Liabilities	973	51,280
Operating Cash Flow used by Discontinued Operations	(11,404)	(2,356)
Net Cash Provided by (Used in) Operating Activities	(2,251)	(61,636)
Net Increase (Decrease) in Cash	(2,251)	(61,636)
Cash, Beginning of the Period	59,366	183,915
Cash, End of the Period	57,115	122,279
Supplemental disclosure of non-cash flow investing and financing activities:
Accrued stock-based compensation	$ 89,245	$ 123,710

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 1 - Summary of Significant Accounting Policies Basis of Presentation These unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K, which we filed with the Securities and Exchange Commission (“SEC”) on March 28, 2024 , and notes thereto. In preparing these unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The most significant estimates and assumptions included in the Company’s unaudited condensed consolidated financial statements relate to allowances for doubtful accounts, valuation allowance for deferred income taxes and recoverability of other assets and intangible assets. The Company’s consolidated financial statements are prepared on a going concern basis in accordance with generally accepted accounting principles in the United States (“US GAAP”) which contemplates the realization of assets and discharge of liabilities and commitments in the normal course of business. The Company has not generated significant operating revenues to cover costs and has funded its operations through the issuance of capital stock and financing. There is no certainty that further funding will be available as needed. These factors raise substantial doubt about the ability of the Company to continue operating as a going concern. The Company’s ability to continue its operations as a going concern, realize the carrying value of its assets, and discharge its liabilities in the normal course of business is dependent upon the continued support of its controlling shareholders, its ability to raise capital sufficient to fund its commitments and ongoing losses, and ultimately generating profitable operations. Reclassification Certain amounts reported in the prior year condensed consolidated financial statements have been reclassified to conform to the current year’s presentation. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, VoiceStep. All significant intercompany transactions and balances have been eliminated. Use of Estimates The preparation of condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by management include, among others, allowances for doubtful accounts, valuation allowance for deferred income taxes and recoverability of other assets and intangible assets. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. As of March 31, 2024, and December 31, 2023, the Company had no cash equivalents. Accounts Receivables The Company regularly reviews its accounts receivables for collectability and establishes an allowance for doubtful accounts as necessary using the allowance method. The receivables are not collateralized. The allowance for doubtful accounts was $1,640 at both March 31, 2024 and December 31, 2023. The Company estimates the ability to collect receivables by performing ongoing credit evaluations of its customers’ financial condition. Estimates are based on assumptions and other considerations, including payment history, credit ratings, customer financial performance, industry financial performance and aging analysis. The Company reviews its accounts receivable by aging category and to identify customers with known disputes or collection issues. In determining the allowance, the Company makes judgments about the creditworthiness of a majority of its customers based on ongoing credit evaluations. The Company also considers its historical level of credit losses and current economic trends that might impact the level of future credit losses. Accounts receivables are written-off when they are deemed uncollectible. Equipment Equipment is stated at cost. Expenditures for maintenance and repairs are charged to operations as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment was provided using the straight-line method for substantially all assets with estimated lives as follows: Software licenses 5 years Computer equipment 5 years Equipment became fully depreciated as of December 31, 2022. Intangible Assets The Company holds intangible assets with finite lives. Intangible assets with finite useful lives are amortized over their respective estimated useful lives, ranging from three to ten years, based on a pattern in which the economic benefit of the respective intangible asset is realized. Identifiable intangible assets recognized in conjunction with acquisitions are recorded at fair value. Significant unobservable inputs are used to determine the fair value of the identifiable intangible assets based on the income approach valuation model whereby the present worth and anticipated future benefits of the identifiable intangible assets were discounted back to their net present value. The Company evaluates the recoverability of intangible assets whenever events or changes in circumstances indicate that an intangible asset carrying amount may not be recoverable. The Company annually evaluates the remaining useful lives of all intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. At the end of 2023, the Company performed an impairment analysis and determined that the intangible asset related to the proprietary information be impaired and written-off. The Company wrote-off $273,313 at December 31, 2023. Long-Lived Assets The Company applies the provisions of Accounting Standards Codification (“ASC”) Topic 360, Property, Plant, and Equipment Revenue Recognition The Company recognizes revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers The Company recognizes revenues derived from sub-leasing telecommunications infrastructure and the provision of telecommunications and colocation services. These revenues are accounted for as a single performance obligation satisfied over time because the customer simultaneously receives and consumes the benefits of the Company’s performance on a monthly basis. These arrangements stipulate monthly billing, and the Company has elected the “as invoiced” practical expedient to recognize revenue as the services are consumed as the Company has the right to payment in an amount that corresponds directly with the value of performance completed to date. Taxes collected from customers and remitted to a governmental authority are reported on a net basis and are excluded from revenue. Most revenue is billed in advance on a fixed-rate basis. The remainder of revenue is billed in arrears on a transactional basis determined by customer usage. The Company often bills customers for upfront charges. These charges relate to down payments or prepayments for future services or equipment and are influenced by various business factors including how the Company and customer agree to structure the payment terms. These payments are recognized as deferred revenue until the service is provided or equipment is delivered and installed. All ongoing fees are billed and recognized as revenue on a monthly basis as service is provided. Stock-Based Compensation The Company records stock-based compensation in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 718, Compensation – Stock Compensation Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Basic and Diluted Earnings (Loss) Per Share Earnings (loss) per share is calculated in accordance with ASC Topic 260, Earnings Per Share Fair Value Measurements The Company applies the provisions of ASC 820-10, ”Fair Value Measurements and Disclosures.” • Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. • Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. For certain financial instruments, the carrying amounts reported in the balance sheets for cash, investments, and current liabilities, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. It is not practicable to estimate the fair value of the loan from stockholder due to its related party nature. At March 31, 2024 and December 31, 2023, the Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value. Recent Authoritative Guidance In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for convertible Instruments and Contracts in an Entity’s Own Equity In May 2021, the FASB issued ASU No. 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options – a Consensus of the FASB Emerging Issues Task Force Management does not believe any other recently issued but not yet effective accounting pronouncement, if adopted, would have a material impact effect on the Company’s present or future financial statements.

Stockholders Equity

Stockholders Equity	3 Months Ended
	Mar. 31, 2024
Stockholders Equity
Stockholders' Equity	NOTE 2 – Stockholders’ Equity Members’ Interest VoiceStep is governed by the terms and conditions of the Limited Liability Company Agreement (the Agreement) dated May 3, 2005, as amended on January 27, 2014. VoiceStep shall continue until terminated in accordance with the terms of the Agreement or as provided by law, including events of dissolution. VoiceStep shall be dissolved only upon any of the following events: (i) the vote of Member(s) holding a majority to the dissolution and winding up of VoiceStep, (ii) the entry of a decree of judicial dissolution of VoiceStep and (iii) at any time there are no Member(s), subject to remedy within 90 days of occurrence of termination event by the last remaining Member in writing. VoiceStep originally consisted of two Members each owning 50% of VoiceStep. On January 27, 2014, one of the members was bought out with the remaining member owning 100% of the membership interest in VoiceStep. On April 3, 2014, the remaining member exchanged his 100% interest in VoiceStep for 40,000,000 shares of Vemanti common stock. Equity Commitment Agreement On March 11, 2022, the Company entered into an Equity Investment Agreement (the “Equity Agreement”) with Alpha Sigma Capital Fund, LP (“Alpha Sigma Capital” or “Alpha”). The Equity Agreement outlines an investment structure of up to $2M from Alpha into the Company, allowing the Company to immediately accelerate its business initiatives with PVcomBank under its 10-year partnership agreement. On March 15, 2022, the Company received a Put Notice under this Equity Agreement of $200,000 from Alpha for which it issued 381,530 shares of common stock and a warrant allowing the investor to purchase up to $200,000 in common stock until its expiration under the terms described in the Equity Agreement. On August 24, 2022, the Company engaged Network 1 Financial Securities, Inc. to act as its exclusive financial advisor on a capital raise of up to twenty million ($20,000,000) and its up list to the NASDAQ or NYSE. As part of the agreement, the Company paid a non-refundable equity fee (the “Advisory Fee”) of seven hundred and fifty thousand shares (750,000) shares of common stock of the Company deliverable at the time of signing this engagement agreement and two hundred and fifty thousand (250,000) shares of common stock of the Company deliverable ninety (90) days after signing the engagement agreement. As an additional compensation for Network 1’s services, the Company shall issue Network 1 at each closing, cashless warrants to purchase the number of shares of common stock of the Company equal to eight percent (8.0%) of the aggregate number of shares of common stock sold in each placement. No cashless warrants were issued to Network 1 as of March 31, 2024 and December 31, 2023. Preferred stock The Company has authorized the issuance of 50,000,000 shares of preferred stock, $0.0001 par value. At both March 31, 2024, and December 31, 2023, the Company had 40,000,000 shares of preferred stock issued and outstanding. The Articles of Incorporation were amended on May 1, 2014, designating 40,000,000 shares of authorized and issued preferred stock of the Company as “Series A Preferred Stock” with voting rights, preferences and powers such that each share of Series A Preferred Stock shall vote as a class on all issues to which shareholders of common stock have a right to vote but shall have ten (10) votes per share of Series A Preferred stock while the shares of common stock shall have one vote per share. There are 40,000,000 of Series A Preferred Stock outstanding. Common stock The Company has authorized the issuance of 500,000,000 shares of common stock, $0.0001 par value. At March 31, 2024, and December 31, 2023, the Company had 72,465,503 shares and 72,315,503 shares of common stock issued and outstanding, respectively. During the three months ended March 31, 2024, the Company issued 150,000 shares of its common stock valued at $76,445 to consultants in exchange for professional services. The shares were valued as of the grant date, vest monthly over a 48 months, and were issued during the first quarter of 2024. Stock Incentive Plan On March 25, 2015, the Company adopted a stock incentive plan. This plan allows the Board of Directors to issue up to 5,000,000 shares of common stock to employees, directors, or consultants of the Company or its affiliates under terms determined by the Board of Directors. This plan automatically terminates ten years from its date of adoption. As of the date of this report, no stock has been issued under the 2015 Plan. Time-Based Restricted Stock Time-based restricted stock units (“RSU”) and restricted stock awards (“RSA”) granted to employees under the 2015 Plan typically vest over 3 to 4 years and are subject to forfeiture if employment terminates prior to the vesting or lapse of the restrictions, as applicable. RSUs are not considered issued or outstanding common stock until they vest. RSAs are considered issued and outstanding on the grant date and are subject to forfeiture if specified vesting conditions are not satisfied. There are no issued or outstanding RSAs. The following table summarizes the activity related to RSUs subject to time-based vesting requirements for the periods ended March 31, 2024 and 2023: As of March 31, 2024 As of March 31, 2023 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Non-Vested, as of December 31, 2023, and 2022 1,025,000 $ 0.51 1,947,500 $ 0.48 Granted - $ - 600,000 $ 0.13 Vested (150,000 ) $ 0.51 (422,500 ) $ 0.29 Forfeit (75,000 ) $ 0.33 (75,000 ) $ 0.33 Non-Vested, as of March 31, 2024, and 2023 800,000 $ 0.52 2,050,000 $ 0.42 As of March 31, 2024, there was $416,775 of remaining unamortized stock-based compensation expense associated with RSUs, which will be recognized over a weighted average remaining service period of approximately 1 year. The 800,000 outstanding non-vested and expected to vest RSUs have an aggregate intrinsic value of $60,800 and a weighted average remaining contractual term of 7 months.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2024
Intangible Assets
Intangible Assets	NOTE 3 – Intangible Assets On June 16, 2022, pursuant to the terms of a stock purchase agreement, Fvndit purchased from the Company all of the shares of Fvndit’s common stock then owned by the Company and certain accounts receivable that were due from Fvndit to the Company. As consideration for the sale of the shares and the accounts receivable to Fvndit, the Company acquired all rights to certain proprietary information and copyrights associated with Fvndit’s online investment marketplace business in Vietnam, the right to the name Fvndit, ownership of the “fvndit.com” domain name, and certain information related to Fvndit’s customers. The change in the intangible assets has been summarized under the following table for the three-month period ended March 31, 2024: Intangible Assets March 31, 2024 March 31, 2023 Beginning balance $ - $ 305,469 Acquired Intangible Assets: Proprietary Information - - Impairment - - Amortization - (8,039 ) Ending balance $ - $ 297,430 The proprietary information has a useful life of 10 years and is amortized accordingly. The Company evaluates the recoverability of intangible assets whenever events or changes in circumstances indicate that an intangible asset carrying amount may not be recoverable. The Company annually evaluates the remaining useful lives of all intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. At December 31, 2023, the Company performed an impairment analysis and determined that the intangible asset related to the proprietary information be impaired and written-off in the amount of $273,313.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2024
Related Party Transactions
Related Party Transactions	NOTE 4 – Related Party Transactions The Company pays the health insurance premiums for the CEO and his family. The total of those health insurance premium payments for the three months ended March 31, 2024 and 2023 were $5,803 and $3,690, respectively. Such costs are reflected as a component of general and administrative expenses on the accompanying condensed consolidated statements of operations. No other payments were made to the CEO in 2023 or for the three months ended March 31, 2024. The Company pays a member of the CEO’s family for technical services. The total of those payments for the three months ended March 31, 2024 and 2023 were $10,500 and $15,045, respectively. Such costs are reflected as a component of general and administrative expenses on the accompanying condensed consolidated statements of operations. On August 6, 2021, the Company borrowed $125,000 from the CEO. The loan will mature and become payable 12 months from the date of signing. Interest at the rate of 1% will be accrued on the outstanding balance. As of August 5, 2023, this loan’s maturity date was extended to August 5, 2024. At March 31, 2024 and 2023, interest expense was $313.

Note Payable

Note Payable	3 Months Ended
	Mar. 31, 2024
Note Payable
Note Payable	NOTE 5 – Note Payable On May 9, 2023 (“Issue Date”), the Company entered into a senior promissory note with Firstfire Global Opportunities Fund, LLC (“Firstfire”), a Delaware limited liability company for the principal sum of $162,750 (the “Principal Amount”). This Note was issued with an original issue discount in the amount of $12,750 (the “OID”) such that the actual amount of the purchase price is $150,000. The Company pays interest on the unpaid Principal Amount at the rate of nine percent (9%) (the “Interest Rate”) per annum from the Issue Date until the note becomes due and payable. The maturity date is twelve (12) months from the Issue Date (the “Maturity Date”) and is the date upon which the Principal Amount (which includes the OID) and any accrued and unpaid interest and other fees, will be due and payable. Firstfire has the right, on any calendar day, at any time on or following the date that is six (6) calendar months after the Issue Date to convert all or any portion of the then outstanding and unpaid Principal Amount and interest into fully paid and non-assessable shares of Common Stock at a conversion price of $0.225 per share. Under the terms of the note, the Company is required to comply with certain financial and nonfinancial covenants. Any failure by the Company to comply with these covenants and any other obligations under the agreement could result in an event of default, which allows Firstfire to accelerate the repayments of the amounts owed. As of March 31, 2024, the Company is compliant with its financial covenants. At March 31, 2024 and 2023, interest accrued for this note was $16,392 and nil, the amount of OID expensed was $3,179 and nil, and the remaining discount on this note to be expensed is $1,292 and nil, respectively. The balance of the note was $161,458.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies
Commitments and Contingencies	NOTE 6 – Commitments and Contingencies At March 31, 2024, the Company has no outstanding legal proceedings, commitments or contingencies.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2024
Discontinued Operations
Discontinued Operations	NOTE 7 – Discontinued Operations On April 1, 2024, Vemanti entered into a share exchange agreement (the “Share Exchange Agreement”) with VinHMS Pte. Ltd. (“VinHMS”), a Singapore private company limited by shares, to acquire VinHMS. As part of the Share Exchange Agreement, Vemanti agreed to divest VoiceStep LLC (“VoiceStep”). In accordance with the provisions of ASC 205-20, Presentation of Financial Statements, we have separately reported the assets and liabilities of the discontinued operations of VoiceStep in the consolidated balance sheets. The assets and liabilities have been reflected as discontinued operations in the consolidated balance sheets as of March 31, 2024 and December 31, 2023, and consist of the following: March 31, 2024 December 31, 2023 Current Assets of Discontinued Operations Cash $ 88,125 $ 77,041 Prepaid Expenses 161 - Accounts Receivable, net 8,852 8,534 Total Current Assets of Discontinued Operations $ 97,138 $ 85,575 Current Liabilities of Discontinued Operations Accounts Payable $ 4,986 $ 3,444 Accrued Expenses - 1,191 Other Current Liabilities 972 - Total Current Liabilities of Discontinued Operations $ 5,958 $ 4,635 In accordance with the provisions of ASC 205-20, we have not included the results of operations from discontinued operations in the results of continuing operations in the consolidated statements of operations. The results of operations from discontinued operations for the three months ended March 31, 2024 and 2023, have been reflected as discontinued operations in the consolidated statements of operations for the three months ended March 31, 2024 and 2023, and consist of the following: For the Three Months Ended March 31, 2024 2023 Sales of Discontinued Operations $ 32,448 $ 30,322 Cost of Sales of Discontinued Operations 4,762 5,531 Gross Margin of Discontinued Operations 27,686 24,791 Operating Expenses of Discontinued Operations General and Administrative 31,759 24,126 Total Operating Expenses of Discontinued Operations 31,759 24,126 Loss from Discontinued Operations (4,073 ) 665 Other Income (Expense) of Discontinued Operations: Other Income (Expense) 14,313 - Interest Income (Expense) 1 1 Total Other Income 14,314 1 Loss of Discontinued Operations before Provision for Income Taxes 10,241 666 Provision for Income Taxes of Discontinued Operations - - Net Profit of Discontinued Operations $ 10,241 $ 666 In accordance with the provisions of ASC 205-20, we have included the net cash provided by discontinued operations in the consolidated statements of cash flows. The net cash provided by discontinued operations in the consolidated statements of cash flows for the three months ended March 31, 2024 and 2023, consists of the following: For the Three Months Ended March 31, 2024 2023 Net Profit from Discontinued Operations $ 10,241 $ 666 Changes in Assets and Liabilities: Accounts Receivable (319 ) (1,768 ) Pre-Paid Expenses 160 - Accounts Payable 349 3,458 Other Current Liabilities 973 - Net Cash Provided by Discontinued Operations $ 11,404 $ 2,356

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2024
Subsequent Events
Subsequent Events	NOTE 8 – Subsequent Events The Company has evaluated subsequent events through May 14, 2024, the date on which the accompanying condensed consolidated financial statements were available to be issued, and concluded that, no material subsequent events have occurred since May 14, 2024, that require recognition or disclosure in the consolidated financial statements except as follows: On April 1, 2024, the Board authorized the issuance of 150,000 common shares in exchange for consulting services rendered to the Company. On April 1, 2024, Vemanti entered into a share exchange agreement (the “Share Exchange Agreement”) with VinHMS Pte. Ltd., a Singapore private company limited by shares (“VinHMS”), and Mr. Hoang Van Nguyen and Asian Star Trading & Investment Pte. Ltd. (“Asian Star”), the sole shareholders of VinHMS (the “Shareholders”), whereby Vemanti will acquire VinHMS for $20,000,000 through the issuance of Preferred B Shares. Each Preferred B share can be converted into 26 Common shares after a 12-month lock-up agreement which was executed on April 1, 2024. As of today, no Preferred B shares have been converted. Any conversion can only be executed on or after April 1, 2025. VinHMS is a technology solutions provider specializing in digital transformation for the hospitality industry across Southeast Asia. VinHMS’s native cloud-based platforms focus on reducing overall costs, streamlining processes, enhancing operational efficiency, accelerating new innovations, improving guest experiences, and increasing financial performance for hotel operators utilizing artificial intelligence (AI), machine learning (ML), and proprietary advanced algorithms. In addition to its flagship hospitality management solution, CiHMS, VinHMS offers a suite of products, including asset management (“CiAMS”), theme park management (“CiTMS”), and a digital transformation solution for small hotels (“CiTravel”).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies
Basis of Presentation	These unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K, which we filed with the Securities and Exchange Commission (“SEC”) on March 28, 2024 , and notes thereto. In preparing these unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The most significant estimates and assumptions included in the Company’s unaudited condensed consolidated financial statements relate to allowances for doubtful accounts, valuation allowance for deferred income taxes and recoverability of other assets and intangible assets. The Company’s consolidated financial statements are prepared on a going concern basis in accordance with generally accepted accounting principles in the United States (“US GAAP”) which contemplates the realization of assets and discharge of liabilities and commitments in the normal course of business. The Company has not generated significant operating revenues to cover costs and has funded its operations through the issuance of capital stock and financing. There is no certainty that further funding will be available as needed. These factors raise substantial doubt about the ability of the Company to continue operating as a going concern. The Company’s ability to continue its operations as a going concern, realize the carrying value of its assets, and discharge its liabilities in the normal course of business is dependent upon the continued support of its controlling shareholders, its ability to raise capital sufficient to fund its commitments and ongoing losses, and ultimately generating profitable operations.
Reclassification	Certain amounts reported in the prior year condensed consolidated financial statements have been reclassified to conform to the current year’s presentation.
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, VoiceStep. All significant intercompany transactions and balances have been eliminated.
Use of Estimates	The preparation of condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by management include, among others, allowances for doubtful accounts, valuation allowance for deferred income taxes and recoverability of other assets and intangible assets. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.
Cash and Cash Equivalents	Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. As of March 31, 2024, and December 31, 2023, the Company had no cash equivalents.
Accounts Receivables	The Company regularly reviews its accounts receivables for collectability and establishes an allowance for doubtful accounts as necessary using the allowance method. The receivables are not collateralized. The allowance for doubtful accounts was $1,640 at both March 31, 2024 and December 31, 2023. The Company estimates the ability to collect receivables by performing ongoing credit evaluations of its customers’ financial condition. Estimates are based on assumptions and other considerations, including payment history, credit ratings, customer financial performance, industry financial performance and aging analysis. The Company reviews its accounts receivable by aging category and to identify customers with known disputes or collection issues. In determining the allowance, the Company makes judgments about the creditworthiness of a majority of its customers based on ongoing credit evaluations. The Company also considers its historical level of credit losses and current economic trends that might impact the level of future credit losses. Accounts receivables are written-off when they are deemed uncollectible.
Equipment	Equipment is stated at cost. Expenditures for maintenance and repairs are charged to operations as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment was provided using the straight-line method for substantially all assets with estimated lives as follows: Software licenses 5 years Computer equipment 5 years Equipment became fully depreciated as of December 31, 2022.
Intangible Assets	The Company holds intangible assets with finite lives. Intangible assets with finite useful lives are amortized over their respective estimated useful lives, ranging from three to ten years, based on a pattern in which the economic benefit of the respective intangible asset is realized. Identifiable intangible assets recognized in conjunction with acquisitions are recorded at fair value. Significant unobservable inputs are used to determine the fair value of the identifiable intangible assets based on the income approach valuation model whereby the present worth and anticipated future benefits of the identifiable intangible assets were discounted back to their net present value. The Company evaluates the recoverability of intangible assets whenever events or changes in circumstances indicate that an intangible asset carrying amount may not be recoverable. The Company annually evaluates the remaining useful lives of all intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. At the end of 2023, the Company performed an impairment analysis and determined that the intangible asset related to the proprietary information be impaired and written-off. The Company wrote-off $273,313 at December 31, 2023.
Long-Lived Assets	The Company applies the provisions of Accounting Standards Codification (“ASC”) Topic 360, Property, Plant, and Equipment
Revenue Recognition	The Company recognizes revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers The Company recognizes revenues derived from sub-leasing telecommunications infrastructure and the provision of telecommunications and colocation services. These revenues are accounted for as a single performance obligation satisfied over time because the customer simultaneously receives and consumes the benefits of the Company’s performance on a monthly basis. These arrangements stipulate monthly billing, and the Company has elected the “as invoiced” practical expedient to recognize revenue as the services are consumed as the Company has the right to payment in an amount that corresponds directly with the value of performance completed to date. Taxes collected from customers and remitted to a governmental authority are reported on a net basis and are excluded from revenue. Most revenue is billed in advance on a fixed-rate basis. The remainder of revenue is billed in arrears on a transactional basis determined by customer usage. The Company often bills customers for upfront charges. These charges relate to down payments or prepayments for future services or equipment and are influenced by various business factors including how the Company and customer agree to structure the payment terms. These payments are recognized as deferred revenue until the service is provided or equipment is delivered and installed. All ongoing fees are billed and recognized as revenue on a monthly basis as service is provided.
Stock-Based compensation	The Company records stock-based compensation in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 718, Compensation – Stock Compensation
Income Taxes	The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded.
Basic and Diluted Earnings (Loss) Per Share	Earnings (loss) per share is calculated in accordance with ASC Topic 260, Earnings Per Share
Fair Value Measurements	The Company applies the provisions of ASC 820-10, ”Fair Value Measurements and Disclosures.” • Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. • Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. For certain financial instruments, the carrying amounts reported in the balance sheets for cash, investments, and current liabilities, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. It is not practicable to estimate the fair value of the loan from stockholder due to its related party nature. At March 31, 2024 and December 31, 2023, the Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value.
Recent Authoritative Guidance	In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for convertible Instruments and Contracts in an Entity’s Own Equity In May 2021, the FASB issued ASU No. 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options – a Consensus of the FASB Emerging Issues Task Force Management does not believe any other recently issued but not yet effective accounting pronouncement, if adopted, would have a material impact effect on the Company’s present or future financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies
Schedule of Equipment	Software licenses 5 years Computer equipment 5 years

Stockholders Equity (Tables)

Stockholders Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Stockholders Equity
Schedule of Nonvested RSUs	As of March 31, 2024 As of March 31, 2023 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Non-Vested, as of December 31, 2023, and 2022 1,025,000 $ 0.51 1,947,500 $ 0.48 Granted - $ - 600,000 $ 0.13 Vested (150,000 ) $ 0.51 (422,500 ) $ 0.29 Forfeit (75,000 ) $ 0.33 (75,000 ) $ 0.33 Non-Vested, as of March 31, 2024, and 2023 800,000 $ 0.52 2,050,000 $ 0.42

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Intangible Assets
Schedule of Intangible Assets	Intangible Assets March 31, 2024 March 31, 2023 Beginning balance $ - $ 305,469 Acquired Intangible Assets: Proprietary Information - - Impairment - - Amortization - (8,039 ) Ending balance $ - $ 297,430

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2024
Discontinued Operations
Schedule of discontinued operations assets and liabilities	March 31, 2024 December 31, 2023 Current Assets of Discontinued Operations Cash $ 88,125 $ 77,041 Prepaid Expenses 161 - Accounts Receivable, net 8,852 8,534 Total Current Assets of Discontinued Operations $ 97,138 $ 85,575 Current Liabilities of Discontinued Operations Accounts Payable $ 4,986 $ 3,444 Accrued Expenses - 1,191 Other Current Liabilities 972 - Total Current Liabilities of Discontinued Operations $ 5,958 $ 4,635
Schedule of discontinued operations statements of operations	For the Three Months Ended March 31, 2024 2023 Sales of Discontinued Operations $ 32,448 $ 30,322 Cost of Sales of Discontinued Operations 4,762 5,531 Gross Margin of Discontinued Operations 27,686 24,791 Operating Expenses of Discontinued Operations General and Administrative 31,759 24,126 Total Operating Expenses of Discontinued Operations 31,759 24,126 Loss from Discontinued Operations (4,073 ) 665 Other Income (Expense) of Discontinued Operations: Other Income (Expense) 14,313 - Interest Income (Expense) 1 1 Total Other Income 14,314 1 Loss of Discontinued Operations before Provision for Income Taxes 10,241 666 Provision for Income Taxes of Discontinued Operations - - Net Profit of Discontinued Operations $ 10,241 $ 666
Schedule of discontinued operations statements of cash flows	For the Three Months Ended March 31, 2024 2023 Net Profit from Discontinued Operations $ 10,241 $ 666 Changes in Assets and Liabilities: Accounts Receivable (319 ) (1,768 ) Pre-Paid Expenses 160 - Accounts Payable 349 3,458 Other Current Liabilities 973 - Net Cash Provided by Discontinued Operations $ 11,404 $ 2,356

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2024
Software Licenses [Member]
Property, plant and equipment, estimated useful lives	5 years
Computer Equipment [Member]
Property, plant and equipment, estimated useful lives	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 31, 2024
Summary of Significant Accounting Policies
Impairment loss written-off	$ 273,313
Allowance for doubtful accounts	$ 1,640	$ 1,640

Stockholders Equity (Details)

Stockholders Equity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Non-vested, Beginning Balance	1,025,000	1,947,500
Granted	0	600,000
Vested	(150,000)	(422,500)
Forfeited	(75,000)	(75,000)
Non-vested, Ending Balance	800,000	2,050,000
Weighted Average Grant Date Fair Value, Beginning Balance	$ 0.51	$ 0.48
Weighted Average Grant Date Fair Value, Granted	0	0.13
Weighted Average Grant Date Fair Value, Vested	0.51	0.29
Weighted Average Grant Date Fair Value, Forfeited	0.33	0.33
Weighted Average Grant Date Fair Value, Ending Balance	$ 0.52	$ 0.42

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended
	Mar. 15, 2022	Apr. 03, 2014	Aug. 24, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Mar. 11, 2022	Mar. 25, 2015	May 01, 2014	Jan. 27, 2014
Preferred stock, shares authorized				50,000,000		50,000,000
Preferred stock, shares par value				$ 0.0001		$ 0.0001
Preferred stock, shares issued				40,000,000		40,000,000
Preferred stock, shares outstanding				40,000,000		40,000,000
Common stock, shares authorized				500,000,000		500,000,000
Common stock, shares par value				$ 0.0001		$ 0.0001
Common stock, shares issued				72,465,503		72,315,503
Common stock, shares outstanding				72,465,503		72,315,503
Value of shares issued				$ 89,245	$ 92,227
Aggregate intrinsic value				$ 60,800
Time-based restricted stock units and restricted stock awards vesting period				vest over 3 to 4 years
Professional Services
Stock issued for cash, Shares				150,000
Value of shares issued				$ 76,445
VoiceStep [Member]
Membership interest		100%		50%						100%
Business acquisition, purchase price, shares issued		$ 40,000,000
Equity Investment Agreement [Member]
Common stock, shares issued	381,530
Capital raised				$ 20,000,000
Investmenet Receivable							$ 2,000,000
Put Notice, Amount	$ 200,000
Partnership agreement term	10 years
Warrants Issued, Amount	$ 200,000
Non-refundable Equity fee			750,000
Common stock, shares			250,000
Description			cashless warrants to purchase the number of shares of common stock of the Company equal to eight percent (8.0%) of the aggregate number of shares of common stock sold in each placement
Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized								5,000,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized									40,000,000
Voting right, description				each share of Series A Preferred Stock shall vote as a class on all issues to which shareholders of common stock have a right to vote but shall have ten (10) votes per share of Series
Restricted Stock Units (RSUs) [Member]
Unamortized stock-based compensation expense				$ 416,775
weighted average remaining service period				1 year
Weighted Average Remaining Contractual Term				7 months
Outstanding non-vested shares				800,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Intangible Assets
Beginning balance	$ 0	$ 305,469
Proprietary Information	0	0
Impairment	0	0
Amortization	0	(8,039)
Ending balance	$ 0	$ 297,430

Intangible Assets (Details Narr

Intangible Assets (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Intangible Assets
Impairment loss written-off	$ 273,313

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - Chief Executive Officer - USD ($)		3 Months Ended
	Aug. 06, 2021	Mar. 31, 2024	Mar. 31, 2023
Loan from related parties	$ 125,000
Interest rate	1%
Health insurance premium payments		$ 5,803	$ 3,690
Technical services payments made by VoiceStep		10,500	15,045
Term of Loan	12 months
Accrued and imputed interest		$ 313	$ 313

Note Payable (Details Narrative

Note Payable (Details Narrative) - Consulting Agreement - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest rate	9%
Common stock conversion price	$ 0.225
Principal Amount	$ 162,750
Accrued interest	16,392	$ 0
Outstanding balance of note payable	161,458
Amount of OID expensed	3,179	$ 0
Discount on note	1,292
Original issue discount	$ 12,750
Term of Loan	12 years
Proceeds from Note Payable	$ 150,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets of Discontinued Operations
Cash	$ 88,125	$ 77,041
Prepaid Expenses	161	0
Accounts Receivable, net	8,852	8,534
Total Current Assets of Discontinued Operations	97,138	85,575
Current Liabilities of Discontinued Operations
Accounts Payable	4,986	3,444
Accrued Expenses	0	1,191
Other Current Liabilities	972	0
Total Current Liabilities of Discontinued Operations	$ 5,958	$ 4,635

Discontinued Operations (Deta_2

Discontinued Operations (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Discontinued Operations
Sales of Discontinued Operations	$ 32,448	$ 30,322
Cost of Sales of Discontinued Operations	4,762	5,531
Gross Margin of Discontinued Operations	27,686	24,791
Operating Expenses of Discontinued Operations
General and Administrative	31,759	24,126
Total Operating Expenses of Discontinued Operations	31,759	24,126
Loss from Discontinued Operations	(4,073)	665
Other Income (Expense) of Discontinued Operations:
Other Income (Expense)	14,313	0
Interest Income (Expense)	1	1
Total other income	14,314	1
Loss of Discontinued Operations before Provision for Income Taxes	10,241	666
Provision for Income Taxes of Discontinued Operations	0	0
Net Profit of Discontinued Operations	$ 10,241	$ 666

Discontinued Operations (Deta_3

Discontinued Operations (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Discontinued Operations
Net Profit of Discontinued Operations	$ 10,241	$ 666
Accounts Receivable	(319)	(1,768)
Pre-Paid Expenses	160	0
Accounts Payable	349	3,458
Other Current Liabilities	973	0
Net Cash Provided by Discontinued Operations	$ 11,404	$ 2,356

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Apr. 01, 2024 shares
Stock issued for cash, Shares	150,000
Share Exchange Agreement [Member]
Description of agreement	a Singapore private company limited by shares (“VinHMS”), and Mr. Hoang Van Nguyen and Asian Star Trading & Investment Pte. Ltd. (“Asian Star”), the sole shareholders of VinHMS (the “Shareholders”), whereby Vemanti will acquire VinHMS for $20,000,000 through the issuance of Preferred B Shares. Each Preferred B share can be converted into 26 Common shares after a 12-month lock-up agreement which was executed on April 1, 2024