10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001662252-16-000140`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	srtn-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 60 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
Common Stock, shares issued	`CommonStockSharesIssued`	20.38M	shares	Point-in-time
Cash	`Cash`	$88.53K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	21.06M	shares	Point-in-time
Cash	`Cash`	$151.69K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$10.32K	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, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$162.01K	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
Preferred Stock, Shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Deposits	`Deposits`	$-589.00	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`	$647.55K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$657.65K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$46.34K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.47K	USD	Point-in-time
Total assets	`Assets`	$856.48K	USD	Point-in-time
Total assets	`Assets`	$817.40K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.94K	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`	$13.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.44K	USD	Point-in-time
Total liabilities	`Liabilities`	$13.41K	USD	Point-in-time
Total liabilities	`Liabilities`	$55.44K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 21,058,415 and 20,378,415 shares issued and outstanding as of March 31, 2016 and September 30, 2015, respectively	`CommonStockValue`	$20.38K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 21,058,415 and 20,378,415 shares issued and outstanding as of March 31, 2016 and September 30, 2015, respectively	`CommonStockValue`	$21.06K	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 March 31, 2016 and September 30, 2015, 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 March 31, 2016 and September 30, 2015, respectively	`PreferredStockValue`	$400.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.89M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-4.16M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$843.07K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$761.96K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$817.40K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$856.48K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
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	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.29M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$214.16K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.17M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$167.79K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.21K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.21K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.83K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$368.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$30.91K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.13K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$26.62K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.55K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.36K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.48K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.33K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$689.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$263.09K	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`	$191.07K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.19M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.38M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-191.07K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-263.09K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$-5.14K	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$-721.00	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$-721.00	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$721.00	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$721.00	USD	2 Qtrs
Total other income (expense)	`OtherExpenses`	$-5.14K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-3.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-262.37K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-190.35K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.38M	USD	2 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.19	USD	2 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	18.54M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	20.94M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	18.07M	shares	2 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-262.37K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-190.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.38M	USD	2 Qtrs
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.14K	USD	2 Qtrs
Imputed interest on related party debt	`InterestExpenseRelatedParty`	-	USD	2 Qtrs
Stock based consulting	`StockBasedConsulting`	$3.21M	USD	2 Qtrs
Stock based consulting	`StockBasedConsulting`	$143.40K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.48K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.33K	USD	2 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-850.00	USD	2 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-6.36K	USD	2 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$1.77K	USD	2 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.36K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$674.00	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-42.03K	USD	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-139.59K	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-166.97K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$859.00	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.23K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.93K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.75K	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$-721.00	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$-721.00	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.79K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.25K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$242.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$215.00K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.00K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$242.00K	USD	2 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$63.16K	USD	2 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.25K	USD	2 Qtrs
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$169.99K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$151.69K	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`	$169.99K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$151.69K	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
Shares issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$50.00K	USD	2 Qtrs
Shares issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	-	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	11,666.00	shares	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	690,000.00	shares	2 Qtrs
Options and warrants for services	`OptionsAndWarrantsForServices`	$2.56M	USD	2 Qtrs
Options and warrants for services	`OptionsAndWarrantsForServices`	$138.00K	USD	2 Qtrs

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