10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001662252-16-000052`
Period End Date	20151231
Filing Date	20160202
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	srtn-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 28 Cash Flow Statement 54

Balance Sheet 46 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`	$88.53K	USD	Point-in-time
Cash	`Cash`	$140.01K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.77M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.38M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$10.55K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$24.39K	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
Total current assets	`AssetsCurrent`	$112.92K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$150.56K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Deposits	`Deposits`	$-2.36K	USD	Point-in-time
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Deposits	`Deposits`	$-2.36K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$657.65K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$660.64K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$46.07K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.47K	USD	Point-in-time
Total assets	`Assets`	$817.40K	USD	Point-in-time
Total assets	`Assets`	$859.63K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.22K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$53.97K	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`	$39.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.44K	USD	Point-in-time
Total liabilities	`Liabilities`	$39.69K	USD	Point-in-time
Total liabilities	`Liabilities`	$55.44K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 20,768,415 and 20,378,415 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$20.77K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 20,768,415 and 20,378,415 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$20.38K	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 400,000 and 400,000 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively	`PreferredStockValue`	$400.00	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 400,000 and 400,000 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`	$4.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.97M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.89M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$819.94K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$761.96K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$859.63K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$817.40K	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`	$46.36K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$117.77K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.46K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.07K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.13K	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`	$72.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-186.19K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-72.02K	USD	1 Quarter
Interest expense	`InterestExpense`	$-5.14K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-5.14K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-191.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-72.02K	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	20.50M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.60M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-191.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.02K	USD	1 Quarter
Imputed interest on related party debt	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.14K	USD	1 Quarter
Stock based consulting	`StockBasedConsulting`	$13.84K	USD	1 Quarter
Stock based consulting	`StockBasedConsulting`	$80.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$640.00	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.13K	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`	-	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-1.35K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.23K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.75K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$48.00	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.94K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.80K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.27K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.44K	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`	$-11.72K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$130.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	1 Quarter
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$130.00K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.48K	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`	$88.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$58.09K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$140.01K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$58.09K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$140.01K	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
Shares issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$50.00K	USD	1 Quarter
Shares issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	-	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	-	shares	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	60,000.00	shares	1 Quarter

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