10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001078782-14-001451`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	smtd-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 40 Cash Flow Statement 40

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`	$62.34K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$270.00	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$3.00K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.62M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	950,687.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$270.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.33K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	950,687.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	5.62M	shares	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$580.97K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$43.84K	USD	Point-in-time
Total assets	`Assets`	$270.00	USD	Point-in-time
Total assets	`Assets`	$690.15K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$157.59K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.75K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$15.50K	USD	Point-in-time
Payable to shareholder	`DueToOfficersOrStockholdersCurrent`	$79.32K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.57K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$157.59K	USD	Point-in-time
Notes payable	`NotesPayable`	$50.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$105.57K	USD	Point-in-time
Total liabilities	`Liabilities`	$207.59K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized;5,618,305 and 950,687 shares issued and outstanding as of June 30, 2014 and September 30, 2013, respectively	`CommonStockValue`	$5.62K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized;5,618,305 and 950,687 shares issued and outstanding as of June 30, 2014 and September 30, 2013, respectively	`CommonStockValue`	$951.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$912.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$257.88K	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-435.80K	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-364.13K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-105.30K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$482.56K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$690.15K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$270.00	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.56K	USD	1 Quarter
Revenues	`Revenues`	$2.56K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$700.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$700.00	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.85K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.85K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.84K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.42K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$12.96K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$14.61K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$2.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.57K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.76K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.42K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.84K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.84K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-16.42K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.90K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.71K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-4.91K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-1.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$-45.96K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-997.00	USD	1 Quarter
Total other expense	`OtherExpenses`	$-4.91K	USD	3 Qtrs
Total other expense	`OtherExpenses`	$-1.70K	USD	1 Quarter
Total other expense	`OtherExpenses`	$-997.00	USD	1 Quarter
Total other expense	`OtherExpenses`	$-45.96K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-10.90K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-21.33K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-5.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-71.67K	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	3 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.88M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.57M	shares	3 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-71.67K	USD	1 Quarter
Net loss	`ProfitLoss`	$-21.33K	USD	1 Quarter
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.38K	USD	1 Quarter
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$4.91K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$40.00K	USD	1 Quarter
Shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.80K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$792.00	USD	1 Quarter
Shares issued for interest expense	`SharesIssuedForInterestExpense`	578.00	shares	1 Quarter
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$1.41K	USD	1 Quarter
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-3.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.06K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.19K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.01K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.25K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.25K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$75.00K	USD	1 Quarter
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$5.88K	USD	1 Quarter
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$11.50K	USD	1 Quarter
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$500.00	USD	1 Quarter
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$5.88K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$59.19K	USD	1 Quarter
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	$35.69K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.50K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$62.06K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.00	USD	1 Quarter
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$403.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$62.34K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$403.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$62.34K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$413.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	$40.00K	USD	1 Quarter
Shares issued to acquire fixed assets, net of liabilities assumed	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$424.07K	USD	1 Quarter
Shares issued to acquire intangible assets	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$42.38K	USD	1 Quarter

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