10-K Filing

CLEANSPARK, INC. CIK: 827876 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001663577-18-000019`
Period End Date	20170930
Filing Date	20180116
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	clsk-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 37 Cash Flow Statement 81 Stockholders Equity 31

Balance Sheet 62 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 issued	`CommonStockSharesIssued`	27.83M	shares	Point-in-time
Cash	`Cash`	$57.13K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.47M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	33.28M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	25,000.00	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Cash	`Cash`	$436.53K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$57.09K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$41.95K	USD	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$53.02K	USD	Point-in-time
Preferred Stock, Shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Due from Shareholder	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$29.56K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrentAndNoncurrent`	$57.72K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$604.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$128.63K	USD	Point-in-time
Flexpower system	`FlexpowerSystem`	$13.40M	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`	-	USD	Point-in-time
Microgrid Assets	`MicrogridAssets`	$4.57M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.22M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$2.47M	USD	Point-in-time
Fixed Assets	`PropertyPlantAndEquipmentNet`	$125.44K	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	`Assets`	$33.02M	USD	Point-in-time
Total assets	`Assets`	$20.79M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$143.22K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$291.19K	USD	Point-in-time
Customer deposits	`ConsumerDeposits`	-	USD	Point-in-time
Customer deposits	`ConsumerDeposits`	$16.00K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$61.02K	USD	Point-in-time
Due to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$63.97K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$73.33K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	$7.71K	USD	Point-in-time
Loans	`AccountsNotesAndLoansReceivableNetCurrent`	$2.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$301.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$357.42K	USD	Point-in-time
Loans	`LoansPayable`	-	USD	Point-in-time
Loans	`LoansPayable`	$150.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$357.42K	USD	Point-in-time
Total liabilities	`Liabilities`	$451.29K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 33,409,471 and 27,834,415 shares issued and outstanding as of September 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 September 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 September 30, 2017 and September 30, 2016, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$40.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.07M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-19.93M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-6.43M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$20.34M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$761.96K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$708.27K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$32.66M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$20.79M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$33.02M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$447.96K	USD	Annual
Revenues	`Revenues`	$82.03K	USD	Annual
Cost of revenues	`CostOfRevenue`	$31.26K	USD	Annual
Cost of revenues	`CostOfRevenue`	$296.30K	USD	Annual
Gross profit	`GrossProfit`	$151.67K	USD	Annual
Gross profit	`GrossProfit`	$50.77K	USD	Annual
Professional fees	`ProfessionalFees`	$1.93M	USD	Annual
Professional fees	`ProfessionalFees`	$1.02M	USD	Annual
Payroll expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$264.06K	USD	Annual
Payroll expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$591.00	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.83K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$86.14K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$365.82K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.32M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$578.46K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.59M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.97M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.54M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-4.81M	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-117.41K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Impairment expense	`ImpairmentOfLeasehold`	-	USD	Annual
Impairment expense	`ImpairmentOfLeasehold`	$8.55M	USD	Annual
Interest expense	`InterestExpense`	$2.90K	USD	Annual
Interest expense	`InterestExpense`	$32.00	USD	Annual
Gain (Loss) on disposal of assets	`GainLossOnDispositionOfAssets`	$721.00	USD	Annual
Gain (Loss) on disposal of assets	`GainLossOnDispositionOfAssets`	$-12.82K	USD	Annual
Total other income (expense)	`OtherExpenses`	$8.68M	USD	Annual
Total other income (expense)	`OtherExpenses`	$689.00	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.49M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.54M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-13.50M	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.11	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasic`	$-0.42	USD	Annual
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	32.18M	shares	Annual
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	22.53M	shares	Annual

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.49M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.50M	USD	Annual
Loss on disposal of fixed assets	`LossOnDisposalOfFixedAssets`	$12.82K	USD	Annual
Loss on disposal of fixed assets	`LossOnDisposalOfFixedAssets`	-	USD	Annual
Impairment expense	`ImpairmentOfOngoingProject`	-	USD	Annual
Impairment expense	`ImpairmentOfOngoingProject`	$8.55M	USD	Annual
Stock based consulting	`StockBasedConsulting`	$135.55K	USD	Annual
Stock based consulting	`StockBasedConsulting`	$1.54M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.32M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$578.46K	USD	Annual
Cash received in acquisition	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$19.37K	USD	Annual
Cash received in acquisition	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	-	USD	Annual
Loss on settlement of debt	`DebtorReorganizationItemsImpairmentLoss`	-	USD	Annual
Loss on settlement of debt	`DebtorReorganizationItemsImpairmentLoss`	$117.41K	USD	Annual
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-57.55K	USD	Annual
(Increase) decrease in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-21.96K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.15K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInCustomerDeposits`	$10.23K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.15K	USD	Annual
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-37.03K	USD	Annual
Increase in shareholder receivable	`IncreaseDecreaseInDividendsReceivable`	-	USD	Annual
Increase in shareholder receivable	`IncreaseDecreaseInDividendsReceivable`	$-2.26K	USD	Annual
Increase in customer deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	-	USD	Annual
Increase in customer deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$16.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.31K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$144.00	USD	Annual
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-2.95K	USD	Annual
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$62.50K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-438.17K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.18K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$28.92K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.67K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.11K	USD	Annual
Investment in Microgrid assets	`InvestmentInMicrogrid`	$-5.57K	USD	Annual
Investment in Microgrid assets	`InvestmentInMicrogrid`	-	USD	Annual
Investment in Flexpower system	`InvestmentInFlexpowerSystem`	-	USD	Annual
Investment in Flexpower system	`InvestmentInFlexpowerSystem`	$-93.72K	USD	Annual
Cash received on sale of assets	`ProceedsFromSaleOfForeclosedAssets`	$7.00K	USD	Annual
Cash received on sale of assets	`ProceedsFromSaleOfForeclosedAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.86K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-126.32K	USD	Annual
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	-	USD	Annual
Payments on short-term loans	`RepaymentsOfSubordinatedShortTermDebt`	$20.25K	USD	Annual
Proceeds from short term notes	`ProceedsFromOtherShortTermDebt`	$25.71K	USD	Annual
Proceeds from short term notes	`ProceedsFromOtherShortTermDebt`	$-6.78K	USD	Annual
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$80.00K	USD	Annual
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Payments on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-6.67K	USD	Annual
Proceeds from long term loans	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$150.00K	USD	Annual
Proceeds from long term loans	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$813.80K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$880.00K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.11M	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$807.02K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-379.40K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$348.00K	USD	Annual
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$57.13K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$57.13K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$88.53K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$436.53K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.63K	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cashless exercise of options	`CashlessExerciseofOptions`	-	USD	Annual
Cashless exercise of options	`CashlessExerciseofOptions`	$4.40K	USD	Annual
Shares and warrants issued for cash	`ProceedsFromIssuanceOfWarrants`	$32.12M	USD	Annual
Shares and warrants issued for cash	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Preferred stock issued for services	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$600.00	USD	Annual
Preferred stock issued for services	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	-	USD	Annual
Stock issued to settle debt	`StockIssuedDuringPeriodSharesOther`	-	shares	Annual
Stock issued to settle debt	`StockIssuedDuringPeriodSharesOther`	212,500.00	shares	Annual
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	165,000.00	shares	Annual
Shares issued for services	`StockIssuedDuringPeriodSharesIssuedForServices`	68,750.00	shares	Annual
Options and warrants for services	`OptionsWarrantsIssuedForServices`	1.34M	shares	Annual
Options and warrants for services	`OptionsWarrantsIssuedForServices`	16,666.00	shares	Annual

Stockholders Equity 31 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`	$20.34M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$761.96K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$708.27K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$32.66M	USD	Point-in-time
Shares issued for asset acquisition, shares	`StockIssuedDuringPeriodSharesAcquisitions`	32.12M	shares	Annual
Shares issued for asset acquisition, amount	`StockIssuedDuringPeriodValueAcquisitions`	$32.12M	USD	Annual
Shares issued on settlement of debt, amount	`StockIssuedDuringPeriodValueSettlementOfDebt`	$212.50K	USD	Annual
Shares issued on settlement of debt, amount	`StockIssuedDuringPeriodValueSettlementOfDebt`	$50.00K	USD	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	165,000.00	shares	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	68,750.00	shares	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$690.00K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$165.00K	USD	Annual
Shares issued for direct investment @ $1.00, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.10M	shares	Annual
Shares issued for direct investment @ $1.00, amount	`StockIssuedDuringPeriodValueNewIssues`	$813.80K	USD	Annual
Shares issued for direct investment @ $1.00, amount	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	Annual
Shares issued for direct investment @ $1.00, amount	`StockIssuedDuringPeriodValueNewIssues`	$242.00K	USD	Annual
Shares issued for direct investment @ $1.00, amount	`StockIssuedDuringPeriodValueNewIssues`	$880.00K	USD	Annual
Option and warrants issued for services, amount	`OptionAndWarrantsIssuedForServicesAmount`	$16.67K	USD	Annual
Option and warrants issued for services, amount	`OptionAndWarrantsIssuedForServicesAmount`	$2.56M	USD	Annual
Option and warrants issued for services, amount	`OptionAndWarrantsIssuedForServicesAmount`	$1.34M	USD	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`	$-2.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.50M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$20.34M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$761.96K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$708.27K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$32.66M	USD	Point-in-time

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