10-K Filing

CLEANSPARK, INC. CIK: 827876 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001663577-16-000436`
Period End Date	20160930
Filing Date	20161230
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	clsk-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 31 Cash Flow Statement 63 Stockholders Equity 34

Balance Sheet 60 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
Common Stock, shares issued	`CommonStockSharesIssued`	27.83M	shares	Point-in-time
Cash	`Cash`	$436.53K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.32M	shares	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$57.09K	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
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$53.02K	USD	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$24.39K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$57.72K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$604.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.92K	USD	Point-in-time
Flexpower system	`FlexpowerSystem`	$19.68M	USD	Point-in-time
Flexpower system	`FlexpowerSystem`	-	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$4.92M	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	-	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	$4.57M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$44.47K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.47M	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$782.98K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$657.65K	USD	Point-in-time
Deposits	`Deposits`	$589.00	USD	Point-in-time
Deposits	`Deposits`	$2.36K	USD	Point-in-time
Total assets	`Assets`	$33.02M	USD	Point-in-time
Total assets	`Assets`	$817.40K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$53.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$291.19K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$63.97K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.47K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	$2.26K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$357.42K	USD	Point-in-time
Total liabilities	`Liabilities`	$357.42K	USD	Point-in-time
Total liabilities	`Liabilities`	$55.44K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 27,834,415 and 20,378,415 shares issued and outstanding as of September 30, 2016 and September 30, 2015, respectively	`CommonStockValue`	$20.38K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 27,834,415 and 20,378,415 shares issued and outstanding as of September 30, 2016 and September 30, 2015, respectively	`CommonStockValue`	$27.83K	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 1,000,000 and 400,000 shares issued and outstanding as of September 30, 2016 and September 30, 2015, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 1,000,000 and 400,000 shares issued and outstanding as of September 30, 2016 and September 30, 2015, respectively	`PreferredStockValue`	$400.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.07M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.89M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-6.43M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$32.66M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-101.49K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$708.27K	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`	$33.02M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$82.03K	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Cost of revenues	`CostOfRevenue`	$31.26K	USD	Annual
Cost of revenues	`CostOfRevenue`	-	USD	Annual
Gross profit	`GrossProfit`	$50.77K	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Professional fees	`ProfessionalFees`	$1.93M	USD	Annual
Professional fees	`ProfessionalFees`	$3.38M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$52.29K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.83K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$46.81K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$86.14K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$578.46K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.80K	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.48M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.59M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.48M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.54M	USD	Annual
Interest expense	`InterestExpense`	$5.14K	USD	Annual
Interest expense	`InterestExpense`	$32.00	USD	Annual
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$721.00	USD	Annual
Total other income (expense)	`OtherExpenses`	$689.00	USD	Annual
Total other income (expense)	`OtherExpenses`	$5.14K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.49M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-45.15K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.54M	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.18	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.11	USD	Annual
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	22.53M	shares	Annual
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	19.23M	shares	Annual

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.49M	USD	Annual
Net loss	`NetIncomeLoss`	$-45.15K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.54M	USD	Annual
Imputed interest on related party debt	`InterestExpenseRelatedParty`	$5.14K	USD	Annual
Imputed interest on related party debt	`InterestExpenseRelatedParty`	-	USD	Annual
Stock based consulting	`StockBasedConsulting`	$1.54M	USD	Annual
Stock based consulting	`StockBasedConsulting`	$3.24M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.80K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$578.46K	USD	Annual
Stock issued for acquisition	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Stock issued for acquisition	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Cash received in acquisition	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$19.37K	USD	Annual
Cash received in acquisition	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	-	USD	Annual
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$1.14K	USD	Annual
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-57.55K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-2.36K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$10.23K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-37.03K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Increase in shareholder receivable	`IncreaseDecreaseInDividendsReceivable`	$-2.26K	USD	Annual
Increase in shareholder receivable	`IncreaseDecreaseInDividendsReceivable`	-	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.31K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$45.31K	USD	Annual
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$62.50K	USD	Annual
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-438.17K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.66K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.59K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.18K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.95K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.67K	USD	Annual
Gain on disposal of fixed assets	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	-	USD	Annual
Gain on disposal of fixed assets	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.55K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.86K	USD	Annual
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	-	USD	Annual
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	$-6.78K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$813.80K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$242.00K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$807.02K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$242.00K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$348.00K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.21K	USD	Annual
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$116.74K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Shares issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$50.00K	USD	Annual
Shares issued for debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	-	USD	Annual
Shares and warrants issued for assets	`SharesIssuedForAssets`	-	shares	Annual
Shares and warrants issued for assets	`SharesIssuedForAssets`	32.12M	shares	Annual
Preferred shares issued for services	`PreferredSharesIssued`	600.00	shares	Annual
Preferred shares issued for services	`PreferredSharesIssued`	-	shares	Annual
Shares and warrants issued for services	`SharesAndWarrantsIssued`	690,000.00	shares	Annual
Shares and warrants issued for services	`SharesAndWarrantsIssued`	165,000.00	shares	Annual
Options and warrants for services	`OptionsWarrantsIssuedForServices`	1.34M	shares	Annual
Options and warrants for services	`OptionsWarrantsIssuedForServices`	2.56M	shares	Annual

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Price per share	`SharesIssuedPricePerShare`	$1.00	USD	Point-in-time
Price per share	`SharesIssuedPricePerShare`	$1.00	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$32.66M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-101.49K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$708.27K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$761.96K	USD	Point-in-time
Imputed interest on shareholder loan, amount	`ImputedInterestOnShareholderLoanValue`	$3.15K	USD	Annual
Discount on related party debt, amount	`DiscountOnRelatedPartyDebtAmount`	$7.33K	USD	Annual
Settlement of related party debt, amount	`SettlementOfRelatedPartyDebtValue`	$28.32K	USD	Annual
Shares issued for patent acquisition, amount	`StockIssuedDuringPeriodValuePatentAcquisitions`	$42.38K	USD	Annual
Shares issued for asset acquisition, shares	`StockIssuedDuringPeriodSharesAcquisitions`	32.12M	shares	Annual
Shares issued for asset acquisition, amount	`StockIssuedDuringPeriodValueAcquisitions`	$424.07K	USD	Annual
Shares issued on conversion of notes, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$80.58K	USD	Annual
Shares issued on settlement of debt, amount	`StockIssuedDuringPeriodValueSettlementOfDebt`	$50.00K	USD	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	690,000.00	shares	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	165,000.00	shares	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$29.07K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$165.00K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$690.00K	USD	Annual
Shares issued for direct investment @ $1.00, shares	`StockIssuedDuringPeriodSharesNewIssues`	813,800.00	shares	Annual
Shares issued for direct investment @ $1.00, amount	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	Annual
Option and warrants issued for services, amount	`OptionAndWarrantsIssuedForServicesAmount`	$1.34M	USD	Annual
Option and warrants issued for services, amount	`OptionAndWarrantsIssuedForServicesAmount`	$2.56M	USD	Annual
Preferred shares issued for services, shares	`PreferredSharesIssuedForServicesShares`	600.00	shares	Annual
Preferred shares issued for services, shares	`PreferredSharesIssuedForServicesShares`	400,000.00	shares	Annual
Preferred shares issued for services, amount	`PreferredSharesIssuedForServicesAmount`	$600.00	USD	Annual
Preferred shares issued for services, amount	`PreferredSharesIssuedForServicesAmount`	$400.00	USD	Annual
Net loss	`NetIncomeLoss`	$-3.49M	USD	Annual
Net loss	`NetIncomeLoss`	$-45.15K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.54M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$32.66M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-101.49K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$708.27K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$761.96K	USD	Point-in-time

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