10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001663577-17-000029`
Period End Date	20161231
Filing Date	20170214
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	clsk-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 29 Cash Flow Statement 53

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
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
Accounts receivable	`AccountsReceivableNetCurrent`	$57.09K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$75.11K	USD	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$53.02K	USD	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$49.00K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	27.83M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	32.32M	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
Cash	`Cash`	$436.53K	USD	Point-in-time
Cash	`Cash`	$436.53K	USD	Point-in-time
Cash	`Cash`	$205.39K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$38.21K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$57.72K	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
Flexpower system	`FlexpowerSystem`	$19.36M	USD	Point-in-time
Flexpower system	`FlexpowerSystem`	$19.68M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Goodwill	`Goodwill`	$4.92M	USD	Point-in-time
Goodwill	`Goodwill`	$4.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$367.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$604.37K	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	$4.57M	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	$4.51M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.42M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.47M	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`	$736.94K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$782.98K	USD	Point-in-time
Deposits	`Deposits`	$589.00	USD	Point-in-time
Deposits	`Deposits`	$6.33K	USD	Point-in-time
Total assets	`AssetsNoncurrent`	$32.32M	USD	Point-in-time
Total assets	`AssetsNoncurrent`	$33.02M	USD	Point-in-time
Customer deposits	`ConsumerDeposits`	-	USD	Point-in-time
Customer deposits	`ConsumerDeposits`	$21.65K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$91.55K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$63.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$266.40K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$291.19K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	$2.26K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$379.61K	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`	$379.61K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 32,318,471 and 27,834,415 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	`CommonStockValue`	$27.83K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 32,318,471 and 27,834,415 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	`CommonStockValue`	$32.32K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 32,318,471 and 27,834,415 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	`CommonStockValue`	$27.83K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 32,318,471 and 27,834,415 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	`CommonStockValue`	$20.38K	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 1,000,000 and 1,000,000 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 1,000,000 and 1,000,000 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.13M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.23M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$32.66M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$31.94M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$33.02M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$32.32M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$83.88K	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$17.97K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$65.91K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$46.36K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.38M	USD	Annual
Professional fees	`ProfessionalFees`	$289.34K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.46K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$368.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.07K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$67.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$488.76K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$72.02K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$845.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-72.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-779.83K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-12.82K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$12.82K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-792.64K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-72.02K	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	20.50M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	29.73M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-792.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.02K	USD	1 Quarter
Stock based consulting	`StockBasedConsulting`	$13.84K	USD	1 Quarter
Stock based consulting	`StockBasedConsulting`	$41.52K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.13K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$488.76K	USD	1 Quarter
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-22.01K	USD	1 Quarter
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.74K	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.01K	USD	1 Quarter
Increase in shareholder receivable	`IncreaseDecreaseInDividendsReceivable`	-	USD	1 Quarter
Increase in shareholder receivable	`IncreaseDecreaseInDividendsReceivable`	$4.02K	USD	1 Quarter
Increase in customer deposits	`IncreaseInConsumerDeposits`	$21.65K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.75K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-24.79K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$27.58K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.80K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-279.66K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$19.39K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.27K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.63K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.44K	USD	1 Quarter
Investment in Flexpower system	`InvestmentInFlexpowerSystem`	-	USD	1 Quarter
Investment in Flexpower system	`InvestmentInFlexpowerSystem`	$-17.64K	USD	1 Quarter
Loss on disposal of fixed assets	`LossOnDisposalOfFixedAssets`	-	USD	1 Quarter
Loss on disposal of fixed assets	`LossOnDisposalOfFixedAssets`	$-12.82K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.72K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.21K	USD	1 Quarter
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	$-2.26K	USD	1 Quarter
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$130.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$68.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$130.00K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$65.74K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.48K	USD	1 Quarter
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-231.14K	USD	1 Quarter
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$205.39K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$140.01K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$205.39K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$140.01K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	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
Cashless exercise of options	`CashlessExerciseofOptions`	-	USD	1 Quarter
Cashless exercise of options	`CashlessExerciseofOptions`	$4.40K	USD	1 Quarter

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