10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001255294-15-000060`
Period End Date	20141231
Filing Date	20150204
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	srtn-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 28 Cash Flow Statement 44

Balance Sheet 40 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
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.97M	shares	Point-in-time
Cash	`Cash`	$58.09K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.80M	shares	Point-in-time
Cash	`Cash`	$116.74K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$21.14K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.88K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.09K	USD	Point-in-time
Deposits	`Deposits`	$-1.35K	USD	Point-in-time
Deposits	`Deposits`	-	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$580.97K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$582.43K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.01K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.40K	USD	Point-in-time
Total assets	`Assets`	$763.25K	USD	Point-in-time
Total assets	`Assets`	$685.88K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.43K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.66K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.47K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.52K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.95K	USD	Point-in-time
Notes payable	`NotesPayable`	$44.86K	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$54.99K	USD	Point-in-time
Total liabilities	`Liabilities`	$8.95K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 5,803,305 and 950,687 shares issued and outstanding as of September 30, 2014 and September 30, 2013, respectively	`CommonStockValue`	$5.80K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 5,803,305 and 950,687 shares issued and outstanding as of September 30, 2014 and September 30, 2013, respectively	`CommonStockValue`	$5.97K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.27M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-409.27K	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-600.61K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$708.27K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$676.93K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$763.25K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$685.88K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$117.77K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.29K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$640.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$186.19K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.29K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-186.19K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.29K	USD	1 Quarter
Interest expense	`InterestExpense`	$-1.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$-5.14K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-5.14K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-1.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.21K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-191.34K	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.87M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	950,687.00	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-191.34K	USD	1 Quarter
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$1.93K	USD	1 Quarter
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.14K	USD	1 Quarter
Stock based consulting	`StockBasedConsulting`	$80.00K	USD	1 Quarter
Stock based consulting	`StockBasedConsulting`	-	USD	1 Quarter
Depreciation and amortization of intangible assets	`DepreciationDepletionAndAmortization`	$640.00	USD	1 Quarter
Depreciation and amortization of intangible assets	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$1.14K	USD	1 Quarter
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.35K	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.02K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.23K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$48.00	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$3.50K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$237.00	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.94K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.71K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.71K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$237.00	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.65K	USD	1 Quarter
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$507.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$58.09K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$507.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$58.09K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	1 Quarter
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	60,000.00	shares	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	-	shares	1 Quarter

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