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10-Q Filing

CLEANSPARK, INC. CIK: 827876 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001663577-18-000081
Period End Date 20171231
Filing Date 20180214
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance clsk-20171231.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 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 33.61M shares Point-in-time
Cash Cash $57.13K USD Point-in-time
Common Stock, shares issued CommonStockSharesIssued 33.41M shares Point-in-time
Cash Cash $41.91K USD Point-in-time
Preferred Stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $41.95K USD Point-in-time
Preferred Stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $26.40K USD Point-in-time
Preferred Stock, Shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Deposits-current DepositsAssetsCurrent - USD Point-in-time
Preferred Stock, Shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Deposits-current DepositsAssetsCurrent $33.39K USD Point-in-time
Prepaid expense PrepaidExpenseCurrentAndNoncurrent $27.65K USD Point-in-time
Prepaid expense PrepaidExpenseCurrentAndNoncurrent $29.56K USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 1.00M shares Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 1.00M shares Point-in-time
Total current assets AssetsCurrent $129.36K USD Point-in-time
Total current assets AssetsCurrent $128.63K USD Point-in-time
Flexpower system FlexpowerSystem $12.93M USD Point-in-time
Flexpower system FlexpowerSystem $13.40M 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 - USD Point-in-time
Intangible assets IntangibleAssetsCurrent $2.22M USD Point-in-time
Intangible assets IntangibleAssetsCurrent $2.15M USD Point-in-time
Fixed Assets PropertyPlantAndEquipmentNet $125.44K USD Point-in-time
Fixed Assets PropertyPlantAndEquipmentNet $114.05K USD Point-in-time
Deposits- long term DepositContractsAssets - USD Point-in-time
Deposits- long term DepositContractsAssets $5.74K USD Point-in-time
Total assets Assets $20.24M USD Point-in-time
Total assets Assets $20.79M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $168.67K USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $143.22K USD Point-in-time
Customer deposits ConsumerDeposits $18.00K 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 $130.13K USD Point-in-time
Loan from related party DueToRelatedPartiesCurrent $53.33K USD Point-in-time
Loan from related party DueToRelatedPartiesCurrent $73.33K USD Point-in-time
Loans AccountsNotesAndLoansReceivableNetCurrent $117.50K USD Point-in-time
Loans AccountsNotesAndLoansReceivableNetCurrent $7.71K USD Point-in-time
Total current liabilities LiabilitiesCurrent $487.64K USD Point-in-time
Total current liabilities LiabilitiesCurrent $301.29K USD Point-in-time
Loans LoansPayable $150.00K USD Point-in-time
Loans LoansPayable $300.00K USD Point-in-time
Total liabilities Liabilities $787.64K USD Point-in-time
Total liabilities Liabilities $451.29K USD Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 33,608,894 and 33,409,471 shares issued and outstanding as of December 31, 2017 and September 30, 2017, respectively CommonStockValue $33.61K USD Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 33,608,894 and 33,409,471 shares issued and outstanding as of December 31, 2017 and September 30, 2017, respectively CommonStockValue $33.41K 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, 2017 and September 30, 2017, 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, 2017 and September 30, 2017, respectively PreferredStockValue $1.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $40.24M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $40.41M USD Point-in-time
Accumulated earnings (deficit) RetainedEarningsAccumulatedDeficit $-20.99M USD Point-in-time
Accumulated earnings (deficit) RetainedEarningsAccumulatedDeficit $-20.99M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquity $20.34M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquity $19.46M USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $20.24M USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $20.79M USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Revenues Revenues $18.08K USD 1 Quarter
Revenues Revenues $83.88K USD 1 Quarter
Cost of revenues CostOfRevenue $6.47K USD 1 Quarter
Cost of revenues CostOfRevenue $17.97K USD 1 Quarter
Gross profit GrossProfit $11.61K USD 1 Quarter
Gross profit GrossProfit $65.91K USD 1 Quarter
Professional fees ProfessionalFees $289.34K USD 1 Quarter
Professional fees ProfessionalFees $155.00K USD 1 Quarter
Payroll expenses IncreaseDecreaseInEmployeeRelatedLiabilities - USD 1 Quarter
Payroll expenses IncreaseDecreaseInEmployeeRelatedLiabilities $258.20K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.31K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $368.00 USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $75.94K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $67.27K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $560.54K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $488.76K USD 1 Quarter
Total operating expenses OperatingExpenses $845.74K USD 1 Quarter
Total operating expenses OperatingExpenses $1.05M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.04M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-779.83K USD 1 Quarter
Interest expense InterestExpense $16.13K USD 1 Quarter
Interest expense InterestExpense - USD 1 Quarter
Gain (Loss) on disposal of assets GainLossOnDispositionOfAssets $-12.82K USD 1 Quarter
Gain (Loss) on disposal of assets GainLossOnDispositionOfAssets - USD 1 Quarter
Total other income (expense) OtherExpenses $16.13K USD 1 Quarter
Total other income (expense) OtherExpenses $12.82K USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.06M USD 1 Quarter
Net income (loss) NetIncomeLoss $-792.64K USD 1 Quarter
Basic income (loss) per common share EarningsPerShareBasic $-0.03 USD 1 Quarter
Basic income (loss) per common share EarningsPerShareBasic $-0.03 USD 1 Quarter
Basic weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 29.73M shares 1 Quarter
Basic weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33.50M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.06M USD 1 Quarter
Net loss NetIncomeLoss $-792.64K USD 1 Quarter
Stock based consulting StockBasedConsulting $24.75K USD 1 Quarter
Stock based consulting StockBasedConsulting $41.52K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $488.76K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $560.54K USD 1 Quarter
(Increase) decrease in prepaid expense IncreaseDecreaseInPrepaidExpense $-22.01K USD 1 Quarter
(Increase) decrease in prepaid expense IncreaseDecreaseInPrepaidExpense $1.90K USD 1 Quarter
(Increase) decrease in deposits IncreaseDecreaseInCustomerDeposits $-5.74K USD 1 Quarter
(Increase) decrease in deposits IncreaseDecreaseInCustomerDeposits $-27.65K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $-18.01K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $15.55K USD 1 Quarter
Increase in shareholder receivable IncreaseDecreaseInDividendsReceivable $4.02K USD 1 Quarter
Increase in shareholder receivable IncreaseDecreaseInDividendsReceivable - USD 1 Quarter
Increase in customer deposits IncreaseDecreaseInCustomerAdvancesAndDeposits $21.65K USD 1 Quarter
Increase in customer deposits IncreaseDecreaseInCustomerAdvancesAndDeposits $2.00K USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $25.45K USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $-24.79K USD 1 Quarter
Increase (decrease) in accounts payable related party IncreaseDecreaseInAccountsPayableRelatedParties $69.11K USD 1 Quarter
Increase (decrease) in accounts payable related party IncreaseDecreaseInAccountsPayableRelatedParties $27.58K USD 1 Quarter
Net cash from operating activities NetCashProvidedByUsedInOperatingActivities $-384.86K 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 $2.91K USD 1 Quarter
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $32.63K USD 1 Quarter
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $2.18K USD 1 Quarter
Investment in Flexpower system InvestmentInFlexpowerSystem $-17.64K USD 1 Quarter
Investment in Flexpower system InvestmentInFlexpowerSystem $-12.55K USD 1 Quarter
Loss on disposal of fixed assets LossOnDisposalOfFixedAssets $-12.82K USD 1 Quarter
Loss on disposal of fixed assets LossOnDisposalOfFixedAssets - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-17.64K 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 $15.21K USD 1 Quarter
Proceeds from short term notes ProceedsFromOtherShortTermDebt - USD 1 Quarter
Proceeds from short term notes ProceedsFromOtherShortTermDebt $125.00K USD 1 Quarter
Proceeds from exercise of warrants ProceedsFromWarrantExercises - USD 1 Quarter
Proceeds from exercise of warrants ProceedsFromWarrantExercises $10.00K USD 1 Quarter
Payments on related party debt ProceedsFromRepaymentsOfRelatedPartyDebt $-20.00K USD 1 Quarter
Payments on related party debt ProceedsFromRepaymentsOfRelatedPartyDebt - USD 1 Quarter
Proceeds from long term loans ProceedsFromPaymentsForLongTermLoansForRelatedParties $150.00K USD 1 Quarter
Proceeds from long term loans ProceedsFromPaymentsForLongTermLoansForRelatedParties - USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $68.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $137.50K USD 1 Quarter
Net cash from financing activities NetCashProvidedByUsedInFinancingActivities $65.74K USD 1 Quarter
Net cash from financing activities NetCashProvidedByUsedInFinancingActivities $387.29K USD 1 Quarter
Net increase (decrease) in Cash CashAndCashEquivalentsPeriodIncreaseDecrease $-231.14K USD 1 Quarter
Net increase (decrease) in Cash CashAndCashEquivalentsPeriodIncreaseDecrease $-15.22K USD 1 Quarter
Beginning cash balance CashAndCashEquivalentsAtCarryingValue $436.53K USD Point-in-time
Beginning cash balance CashAndCashEquivalentsAtCarryingValue $41.91K USD Point-in-time
Beginning cash balance CashAndCashEquivalentsAtCarryingValue $57.13K USD Point-in-time
Beginning cash balance CashAndCashEquivalentsAtCarryingValue $205.39K USD Point-in-time
Ending cash balance CashAndCashEquivalentsAtCarryingValue $436.53K USD Point-in-time
Ending cash balance CashAndCashEquivalentsAtCarryingValue $41.91K USD Point-in-time
Ending cash balance CashAndCashEquivalentsAtCarryingValue $57.13K USD Point-in-time
Ending cash balance CashAndCashEquivalentsAtCarryingValue $205.39K USD Point-in-time
Cash paid for interest InterestPaidNet - USD 1 Quarter
Cash paid for interest InterestPaidNet $11.28K 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
Options and warrants for services OptionsWarrantsIssuedForServices - shares 1 Quarter
Options and warrants for services OptionsWarrantsIssuedForServices 24,749.00 shares 1 Quarter

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

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