10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001647488-15-000058`
Period End Date	20150630
Filing Date	20150813
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	srtn-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 56 Cash Flow Statement 66

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`	$125.94K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	17.41M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.38M	shares	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`	$21.14K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$38.18K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$164.12K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$137.88K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Deposits	`Deposits`	-	USD	Point-in-time
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deposits	`Deposits`	$-2.36K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$580.97K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$607.09K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$45.12K	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`	$818.68K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.28K	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`	$6.75K	USD	Point-in-time
Notes payable	`NotesPayable`	-	USD	Point-in-time
Notes payable	`NotesPayable`	$44.86K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$54.99K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 20,378,415 and 17,409,915 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$20.38K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 20,378,415 and 17,409,915 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$17.41K	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 400,000 and 0 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 400,000 and 0 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`PreferredStockValue`	$400.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.10M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-409.27K	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.84M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$708.27K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$811.93K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$818.68K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$763.25K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$2.56K	USD	3 Qtrs
Revenues	`Revenues`	$2.56K	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$700.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$700.00	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.85K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.85K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$45.71K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$14.61K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.34M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$2.30K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$74.00	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$52.29K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.46K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.26K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$39.17K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$12.96K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.06K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$731.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.57K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.43M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$54.78K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.76K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.90K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.43M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-25.71K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-54.78K	USD	1 Quarter
Interest expense	`InterestExpense`	$-5.14K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-45.96K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-997.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-997.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-45.96K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	$-5.14K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-54.78K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.90K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.44M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-71.67K	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.18	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	20.38M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	18.84M	shares	3 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	8.64M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.72M	shares	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-54.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.90K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.44M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-71.67K	USD	3 Qtrs
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.14K	USD	3 Qtrs
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.38K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$40.00K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Stock based consulting	`StockBasedConsulting`	$3.23M	USD	3 Qtrs
Stock based consulting	`StockBasedConsulting`	$3.80K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.06K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$792.00	USD	3 Qtrs
Shares issued for interest expense	`DebtConversionConvertedInstrumentSharesIssued1`	578.00	shares	3 Qtrs
Shares issued for interest expense	`DebtConversionConvertedInstrumentSharesIssued1`	-	shares	3 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$1.14K	USD	3 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-3.00K	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	3 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.36K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.06K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.38K	USD	3 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-203.91K	USD	3 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.19K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.25K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.59K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.30K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.25K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.90K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$75.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$242.00K	USD	3 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$5.88K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$5.88K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$59.19K	USD	3 Qtrs
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	$35.69K	USD	3 Qtrs
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$242.00K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.50K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.20K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$62.06K	USD	3 Qtrs
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$125.94K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$62.34K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$125.94K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$270.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$62.34K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	$40.00K	USD	3 Qtrs
Common stock issued for debt	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	3 Qtrs
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	-	shares	3 Qtrs
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	690,000.00	shares	3 Qtrs
Options and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Options and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$2.56M	USD	3 Qtrs
Shares issued to acquire intangible assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$42.38K	USD	3 Qtrs
Shares issued to acquire intangible assets	`StockIssuedDuringPeriodValuePurchaseOfAssets`	-	USD	3 Qtrs
Shares issued to acquire fixed assets, net of liabilities assumed	`StockIssuedDuringPeriodValuePurchaseOfAssets1`	-	USD	3 Qtrs
Shares issued to acquire fixed assets, net of liabilities assumed	`StockIssuedDuringPeriodValuePurchaseOfAssets1`	$424.07K	USD	3 Qtrs

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