10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001078782-12-001483`
Period End Date	20120331
Filing Date	20120521
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	smtd-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 53 Cash Flow Statement 55

Balance Sheet 34 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$98.00	USD	Point-in-time
Cash	`Cash`	$208.00	USD	Point-in-time
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$208.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$98.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	37.08M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	37.08M	shares	Point-in-time
Total Assets	`Assets`	$208.00	USD	Point-in-time
Total Assets	`Assets`	$98.00	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`	$4.91K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$8.32K	USD	Point-in-time
Convertible Promissory Note	`ConvertibleNotesPayableCurrent`	$16.00K	USD	Point-in-time
Convertible Promissory Note	`ConvertibleNotesPayableCurrent`	$15.00K	USD	Point-in-time
Payable to Shareholder	`DueToOfficersOrStockholdersCurrent`	$52.82K	USD	Point-in-time
Payable to Shareholder	`DueToOfficersOrStockholdersCurrent`	$42.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$66.14K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$73.72K	USD	Point-in-time
Total Liabilities	`Liabilities`	$66.14K	USD	Point-in-time
Total Liabilities	`Liabilities`	$73.72K	USD	Point-in-time
Common Stock - 100,000,000 shares authorized having a par value of $0.001 per share; 37,076,779 shares issued and outstanding, as of March 31, 2012 and September 30, 2011; respectively	`CommonStockValue`	$37.08K	USD	Point-in-time
Common Stock - 100,000,000 shares authorized having a par value of $0.001 per share; 37,076,779 shares issued and outstanding, as of March 31, 2012 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`	$212.13K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-322.83K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-312.61K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-73.63K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-65.93K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$98.00	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$208.00	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	82 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$317.08K	USD	82 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.47K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$7.55K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.74K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$1.81K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-317.08K	USD	82 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-1.81K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-2.74K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-2.47K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-7.55K	USD	2 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.35K	USD	1 Quarter
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$2.35K	USD	82 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$-937.00	USD	1 Quarter
Interest Expense	`InterestExpense`	$-1.35K	USD	1 Quarter
Interest Expense	`InterestExpense`	$-937.00	USD	1 Quarter
Interest Expense	`InterestExpense`	$-8.11K	USD	82 Qtrs
Interest Expense	`InterestExpense`	$-1.69K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$-2.67K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-5.75K	USD	82 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-4.09K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-2.75K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-2.67K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.69K	USD	2 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.15K	USD	2 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-322.83K	USD	82 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.22K	USD	2 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	82 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`ProfitLoss`	$-4.15K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-10.22K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-322.83K	USD	82 Qtrs
Net Loss	`ProfitLoss`	$-4.09K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-2.75K	USD	1 Quarter
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 Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of common shares outstanding basic and diluted	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	35.98M	shares	2 Qtrs
Weighted average number of common shares outstanding basic and diluted	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	37.08M	shares	2 Qtrs
Weighted average number of common shares outstanding basic and diluted	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	35.98M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	37.08M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-4.15K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-322.83K	USD	82 Qtrs
Net Loss	`NetIncomeLoss`	$-10.22K	USD	2 Qtrs
Gain on forgiveness of debt.	`GainOnForgivenessOfDebt`	-	USD	2 Qtrs
Gain on forgiveness of debt.	`GainOnForgivenessOfDebt`	-	USD	2 Qtrs
Gain on forgiveness of debt.	`GainOnForgivenessOfDebt`	$-2.35K	USD	82 Qtrs
Non cash interest expense	`NonCashInterestExpense`	$7.54K	USD	82 Qtrs
Non cash interest expense	`NonCashInterestExpense`	$1.49K	USD	2 Qtrs
Non cash interest expense	`NonCashInterestExpense`	$2.52K	USD	2 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$22.45K	USD	82 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.26K	USD	82 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.41K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.04K	USD	2 Qtrs
Increase in debt Related Party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$10.00K	USD	2 Qtrs
Increase in debt Related Party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$71.88K	USD	82 Qtrs
Increase in debt Related Party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$900.00	USD	2 Qtrs
Net Cash From Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$280.00	USD	2 Qtrs
Net Cash From Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11K	USD	2 Qtrs
Net Cash From Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-216.05K	USD	82 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	82 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Issuance of Notes Payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Issuance of Notes Payable	`ProceedsFromNotesPayable`	$1.00K	USD	2 Qtrs
Issuance of Notes Payable	`ProceedsFromNotesPayable`	$16.15K	USD	82 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$200.00K	USD	82 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00K	USD	2 Qtrs
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$216.15K	USD	82 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$98.00	USD	82 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-110.00	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$280.00	USD	2 Qtrs
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$320.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$208.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$98.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$320.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$40.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$208.00	USD	Point-in-time
Ending Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$98.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	82 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	82 Qtrs
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	$19.21K	USD	82 Qtrs
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs

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