10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001078782-12-000502`
Period End Date	20111231
Filing Date	20120221
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	smtd-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 31 Cash Flow Statement 55

Balance Sheet 37 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$387.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$208.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$387.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$208.00	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	37.08M	shares	Point-in-time
Total Assets	`Assets`	$208.00	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	37.08M	shares	Point-in-time
Total Assets	`Assets`	$387.00	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	37.08M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	37.08M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$8.32K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$7.46K	USD	Point-in-time
Convertible Promissory Note	`ConvertibleNotesPayableCurrent`	$15.00K	USD	Point-in-time
Convertible Promissory Note	`ConvertibleNotesPayableCurrent`	$15.00K	USD	Point-in-time
Payable to Shareholder	`DueToOfficersOrStockholdersCurrent`	$48.82K	USD	Point-in-time
Payable to Shareholder	`DueToOfficersOrStockholdersCurrent`	$42.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$66.14K	USD	Point-in-time
Total Liabilities	`Liabilities`	$66.14K	USD	Point-in-time
Total Liabilities	`Liabilities`	$71.28K	USD	Point-in-time
Common Stock - 50,000,000 shares authorized having a par value of $0.001 per share; 37,076,779 shares issued and outstanding, as of December 31, 2011 and September 30, 2011; respectively	`CommonStockValue`	$37.08K	USD	Point-in-time
Common Stock - 50,000,000 shares authorized having a par value of $0.001 per share; 37,076,779 shares issued and outstanding, as of December 31, 2011 and September 30, 2011; respectively	`CommonStockValue`	$37.08K	USD	Point-in-time
Capital in Excess of par value	`AdditionalPaidInCapital`	$209.61K	USD	Point-in-time
Capital in Excess of par value	`AdditionalPaidInCapital`	$210.78K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-312.61K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-318.74K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-70.89K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-65.93K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$387.00	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$208.00	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	81 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$659.00	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$314.35K	USD	81 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$4.81K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-4.81K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-659.00	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-314.35K	USD	81 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$2.35K	USD	81 Qtrs
Interest Expense	`InterestExpense`	$-6.75K	USD	81 Qtrs
Interest Expense	`InterestExpense`	$-1.32K	USD	1 Quarter
Interest Expense	`InterestExpense`	$-748.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-748.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-4.40K	USD	81 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.32K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.13K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-318.74K	USD	81 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.41K	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	81 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.13K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.41K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-318.74K	USD	81 Qtrs
Basic and Diluted Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	35.98M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	37.08M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-6.13K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-318.74K	USD	81 Qtrs
Net Loss	`ProfitLoss`	$-1.41K	USD	1 Quarter
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	$-2.35K	USD	81 Qtrs
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	-	USD	1 Quarter
Non-cash interest expense	`NonCashInterestExpense`	$1.17K	USD	1 Quarter
Non-cash interest expense	`NonCashInterestExpense`	$748.00	USD	1 Quarter
Non-cash interest expense	`NonCashInterestExpense`	$6.19K	USD	81 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$22.45K	USD	81 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$259.00	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.81K	USD	81 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-860.00	USD	1 Quarter
Increase in debt - Related Party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$67.88K	USD	81 Qtrs
Increase in debt - Related Party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$6.00K	USD	1 Quarter
Increase in debt - Related Party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$400.00	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$179.00	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-214.76K	USD	81 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	81 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Issuance of Notes Payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Issuance of Notes Payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Issuance of Notes Payable	`ProceedsFromNotesPayable`	$15.15K	USD	81 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$200.00K	USD	81 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$215.15K	USD	81 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$179.00	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$387.00	USD	81 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$387.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$208.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$387.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$208.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	81 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	81 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	$19.21K	USD	81 Qtrs
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.