10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001663577-17-000260`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	clsk-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 68

Balance Sheet 56 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
Cash	`Cash`	$436.53K	USD	Point-in-time
Cash	`Cash`	$150.05K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$38.57K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.47M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	25,000.00	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	33.28M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$57.09K	USD	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$53.02K	USD	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$40.62K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$57.72K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$604.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$229.24K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Flexpower system	`FlexpowerSystem`	$18.75M	USD	Point-in-time
Flexpower system	`FlexpowerSystem`	$19.68M	USD	Point-in-time
Goodwill	`Goodwill`	$4.92M	USD	Point-in-time
Goodwill	`Goodwill`	$4.92M	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	$3.55M	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	$4.57M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.47M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.28M	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$686.42K	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$782.98K	USD	Point-in-time
Deposits	`Deposits`	$589.00	USD	Point-in-time
Deposits	`Deposits`	$5.74K	USD	Point-in-time
Total assets	`AssetsNoncurrent`	$30.43M	USD	Point-in-time
Total assets	`AssetsNoncurrent`	$33.02M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$89.89K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$291.19K	USD	Point-in-time
Customer deposits	`ConsumerDeposits`	$15.00K	USD	Point-in-time
Customer deposits	`ConsumerDeposits`	-	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$63.97K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$44.46K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	$2.26K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	$15.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$357.42K	USD	Point-in-time
Total liabilities	`Liabilities`	$164.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$357.42K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 33,277,221 and 27,834,415 shares issued and outstanding as of June 30, 2017 and September 30, 2016, respectively	`CommonStockValue`	$33.28K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 33,277,221 and 27,834,415 shares issued and outstanding as of June 30, 2017 and September 30, 2016, respectively	`CommonStockValue`	$27.83K	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 June 30, 2017 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 June 30, 2017 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`	$40.12M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.89M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$32.66M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$30.26M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$30.43M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$33.02M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	$388.54K	USD	3 Qtrs
Revenues	`Revenues`	$103.91K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$263.89K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	-	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$71.31K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$32.60K	USD	1 Quarter
Gross profit	`GrossProfit`	$124.65K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$54.40K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$268.56K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$788.95K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$274.00K	USD	1 Quarter
Payroll expenses	`CostOfServicesDirectLabor`	-	USD	1 Quarter
Payroll expenses	`CostOfServicesDirectLabor`	$102.61K	USD	3 Qtrs
Payroll expenses	`CostOfServicesDirectLabor`	-	USD	3 Qtrs
Payroll expenses	`CostOfServicesDirectLabor`	$93.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$51.83K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$398.00	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$30.00	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$255.75K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$42.29K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.67K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$110.35K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$33.91K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$13.43K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.48M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$133.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$396.59K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.45M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.33M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.45M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-396.59K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-133.50K	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-117.41K	USD	3 Qtrs
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	-	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$158.00	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$263.00	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	-	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-12.82K	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$721.00	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$721.00	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$130.49K	USD	3 Qtrs
Total other income (expense)	`OtherExpenses`	$158.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.46M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-133.50K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-395.87K	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.02	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.11	USD	3 Qtrs
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	21.06M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	32.75M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	20.84M	shares	3 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	31.79M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.46M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-133.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-395.87K	USD	3 Qtrs
Loss on disposal of fixed assets	`LossOnDisposalOfFixedAssets`	$12.82K	USD	3 Qtrs
Loss on disposal of fixed assets	`LossOnDisposalOfFixedAssets`	-	USD	3 Qtrs
Stock based consulting	`StockBasedConsulting`	$118.88K	USD	3 Qtrs
Stock based consulting	`StockBasedConsulting`	$149.13K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.27K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.30M	USD	3 Qtrs
Loss on settlement of debt	`DebtorReorganizationItemsImpairmentLoss`	-	USD	3 Qtrs
Loss on settlement of debt	`DebtorReorganizationItemsImpairmentLoss`	$117.41K	USD	3 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-850.00	USD	3 Qtrs
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-33.03K	USD	3 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.15K	USD	3 Qtrs
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$1.77K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.53K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Increase in customer deposits	`IncreaseInConsumerDeposits`	$15.00K	USD	3 Qtrs
Increase in customer deposits	`IncreaseInConsumerDeposits`	-	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.22K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-53.19K	USD	3 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-19.51K	USD	3 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-981.80K	USD	3 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-206.34K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$6.32K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$23.70K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.75K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.00	USD	3 Qtrs
Investment in Microgrid assets	`InvestmentInMicrogrid`	-	USD	3 Qtrs
Investment in Microgrid assets	`InvestmentInMicrogrid`	$-5.57K	USD	3 Qtrs
Investment in Flexpower system	`InvestmentInFlexpowerSystem`	-	USD	3 Qtrs
Investment in Flexpower system	`InvestmentInFlexpowerSystem`	$-70.47K	USD	3 Qtrs
Cash received on sale of assets	`ProceedsFromSaleOfForeclosedAssets`	$7.00K	USD	3 Qtrs
Cash received on sale of assets	`ProceedsFromSaleOfForeclosedAssets`	$721.00	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.84K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.34K	USD	3 Qtrs
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	$12.54K	USD	3 Qtrs
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	-	USD	3 Qtrs
Proceeds from short term notes	`ProceedsFromOtherShortTermDebt`	-	USD	3 Qtrs
Proceeds from short term notes	`ProceedsFromOtherShortTermDebt`	$25.71K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$775.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$215.00K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$788.16K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.00K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-286.48K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.68K	USD	3 Qtrs
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$150.05K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$81.85K	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`	$150.05K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$81.85K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$263.00	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
Cashless exercise of options	`CashlessExerciseofOptions`	$4.40K	USD	3 Qtrs
Cashless exercise of options	`CashlessExerciseofOptions`	-	USD	3 Qtrs
Stock issued to settle debt	`StockIssuedDuringPeriodSharesOther`	-	shares	3 Qtrs
Stock issued to settle debt	`StockIssuedDuringPeriodSharesOther`	212,500.00	shares	3 Qtrs
Shares for services	`StockIssuedDuringPeriodSharesIssuedForServices`	11,666.00	shares	3 Qtrs
Shares for services	`StockIssuedDuringPeriodSharesIssuedForServices`	68,750.00	shares	3 Qtrs
Options and warrants for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$138.00K	USD	3 Qtrs
Options and warrants for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs

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