10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001078782-13-001090`
Period End Date	20130331
Filing Date	20130524
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	smtd-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 53 Cash Flow Statement 52

Balance Sheet 36 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	`Cash`	$413.00	USD	Point-in-time
Cash	`Cash`	$796.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpense`	$1.23K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	950,687.00	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	950,687.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpense`	$1.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.02K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	950,687.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	950,687.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.82K	USD	Point-in-time
Total Assets	`Assets`	$1.82K	USD	Point-in-time
Total Assets	`Assets`	$2.02K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$4.76K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$8.54K	USD	Point-in-time
Convertible Promissory Note - Related Party	`NotesPayableRelatedPartiesClassifiedCurrent`	$16.00K	USD	Point-in-time
Convertible Promissory Note - Related Party	`NotesPayableRelatedPartiesClassifiedCurrent`	$16.00K	USD	Point-in-time
Payable to Shareholders	`DueToOfficersOrStockholdersCurrent`	$61.32K	USD	Point-in-time
Payable to Shareholders	`DueToOfficersOrStockholdersCurrent`	$70.32K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$82.08K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$94.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$94.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$82.08K	USD	Point-in-time
Common Stock -100,000,000 shares authorized having a par value of $0.001 per share; 950,687 shares issued and outstanding, as of March 31, 2013 and September 30, 2012; respectively	`CommonStockValue`	$951.00	USD	Point-in-time
Common Stock -100,000,000 shares authorized having a par value of $0.001 per share; 950,687 shares issued and outstanding, as of March 31, 2013 and September 30, 2012; respectively	`CommonStockValue`	$951.00	USD	Point-in-time
Capital in Excess of par value	`AdditionalPaidInCapital`	$251.15K	USD	Point-in-time
Capital in Excess of par value	`AdditionalPaidInCapital`	$254.37K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$348.16K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$332.36K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-92.84K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-80.25K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$2.02K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.82K	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	86 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$4.41K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$336.30K	USD	86 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$12.59K	USD	2 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.74K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$7.55K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-4.41K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-2.74K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-12.59K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-336.30K	USD	86 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-7.55K	USD	2 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	$2.35K	USD	86 Qtrs
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on Forgiveness of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Interest Expense	`InterestExpense`	$-14.21K	USD	86 Qtrs
Interest Expense	`InterestExpense`	$-1.35K	USD	1 Quarter
Interest Expense	`InterestExpense`	$-2.67K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$-1.65K	USD	1 Quarter
Interest Expense	`InterestExpense`	$-3.21K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.65K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.35K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-11.86K	USD	86 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-3.21K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-2.67K	USD	2 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-348.16K	USD	86 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-4.09K	USD	1 Quarter
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-10.22K	USD	2 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-15.80K	USD	2 Qtrs
Net Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-6.05K	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	86 Qtrs
Net Loss	`ProfitLoss`	$-15.80K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-10.22K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-348.16K	USD	86 Qtrs
Net Loss	`ProfitLoss`	$-4.09K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-6.05K	USD	1 Quarter
Basic and Diluted Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 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	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss for the period	`NetIncomeLoss`	$-348.16K	USD	86 Qtrs
Net Loss for the period	`NetIncomeLoss`	$-10.22K	USD	2 Qtrs
Net Loss for the period	`NetIncomeLoss`	$-15.80K	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	86 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$13.65K	USD	86 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$2.52K	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$3.21K	USD	2 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$22.45K	USD	86 Qtrs
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.41K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.90K	USD	86 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.79K	USD	2 Qtrs
Decrease in Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.23K	USD	2 Qtrs
Decrease in Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$182.00	USD	2 Qtrs
Expenses Paid by Shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$10.00K	USD	2 Qtrs
Expenses Paid by Shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$1.00K	USD	2 Qtrs
Expenses Paid by Shareholder	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$81.38K	USD	86 Qtrs
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11K	USD	2 Qtrs
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-223.35K	USD	86 Qtrs
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.62K	USD	2 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash From Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	86 Qtrs
Issuance of Notes Payable	`ProceedsFromNotesPayable`	$8.00K	USD	2 Qtrs
Issuance of Notes Payable	`ProceedsFromNotesPayable`	$1.00K	USD	2 Qtrs
Issuance of Notes Payable	`ProceedsFromNotesPayable`	$24.15K	USD	86 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$200.00K	USD	86 Qtrs
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$8.00K	USD	2 Qtrs
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00K	USD	2 Qtrs
Net Cash From Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$224.15K	USD	86 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$383.00	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$796.00	USD	86 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-110.00	USD	2 Qtrs
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$98.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$796.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$208.00	USD	Point-in-time
Beginning Cash Balance	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	86 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	86 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Common Stock issued for Debt	`DebtConversionConvertedInstrumentAmount1`	$19.21K	USD	86 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.