10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001255294-15-000287`
Period End Date	20150331
Filing Date	20150512
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	srtn-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 60 Cash Flow Statement 64

Balance Sheet 48 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
Cash	`Cash`	$116.74K	USD	Point-in-time
Cash	`Cash`	$169.99K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	6.79M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.80M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$21.14K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$58.94K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$228.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.88K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Deposits	`Deposits`	$-2.36K	USD	Point-in-time
Deposits	`Deposits`	-	USD	Point-in-time
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$601.80K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$580.97K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.40K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.02K	USD	Point-in-time
Total assets	`Assets`	$877.11K	USD	Point-in-time
Total assets	`Assets`	$763.25K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.33K	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`	$1.47K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.80K	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`	$10.80K	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`	$5.80K	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`	$6.79K	USD	Point-in-time
Preferred stock; $0.001 par value; 100,000,000 shares authorized; 0 shares issued and outstanding as of March 31, 2015 and September 30, 2014; respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.001 par value; 100,000,000 shares authorized; 0 shares issued and outstanding as of March 31, 2015 and September 30, 2014; respectively	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.65M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-409.27K	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.79M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$708.27K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$866.31K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$763.25K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$877.11K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	-	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.29M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.17M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.31K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$4.05K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.21K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.21K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.47K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.50K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$30.91K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.13K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$689.00	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.33K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.19M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.38M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.52K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.81K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.52K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.81K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.19M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.38M	USD	2 Qtrs
Interest expense	`InterestExpense`	$-5.14K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-44.97K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-43.04K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-44.97K	USD	2 Qtrs
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-5.14K	USD	2 Qtrs
Total other income (expense)	`OtherExpenses`	$-43.04K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.38M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-3.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-50.56K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-60.77K	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.52	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Fully diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.04	USD	2 Qtrs
Fully diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.54	USD	2 Qtrs
Fully diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Fully diluted income (loss) per common share	`EarningsPerShareDiluted`	$-0.47	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.02M	shares	2 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.08M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.18M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.51M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.38M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.77K	USD	2 Qtrs
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$4.39K	USD	2 Qtrs
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.14K	USD	2 Qtrs
Amorization of debt discount	`AmortizationOfDebtDiscountPremium`	$40.00K	USD	2 Qtrs
Amorization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Stock based consulting	`StockBasedConsulting`	$3.80K	USD	2 Qtrs
Stock based consulting	`StockBasedConsulting`	$3.21M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.33K	USD	2 Qtrs
Shares issued for interest expense	`DebtConversionConvertedInstrumentSharesIssued1`	578.00	shares	2 Qtrs
Shares issued for interest expense	`DebtConversionConvertedInstrumentSharesIssued1`	-	shares	2 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-6.36K	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$750.00	USD	2 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.36K	USD	2 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.22K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$674.00	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-166.97K	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.49K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.25K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$859.00	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.93K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.79K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.25K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$242.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$2.74K	USD	2 Qtrs
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$59.19K	USD	2 Qtrs
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	$35.69K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.24K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$242.00K	USD	2 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.25K	USD	2 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.50K	USD	2 Qtrs
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$2.77K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$169.99K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$2.77K	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`	$169.99K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	$40.00K	USD	2 Qtrs
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	-	shares	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	690,000.00	shares	2 Qtrs
Options and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$2.56M	USD	2 Qtrs
Options and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Shares issued to acquire intangible assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	-	USD	2 Qtrs
Shares issued to acquire intangible assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$42.38K	USD	2 Qtrs
Shares issued to aquire fixed assets, net of liabilites assumed	`StockIssuedDuringPeriodValuePurchaseOfAssets1`	-	USD	2 Qtrs
Shares issued to aquire fixed assets, net of liabilites assumed	`StockIssuedDuringPeriodValuePurchaseOfAssets1`	$424.07K	USD	2 Qtrs

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