XML 43 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2021
Accounting Policies [Abstract] |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents |
|  | September 30, 2021 |  | September 30, 2020
Cash and cash equivalents, excluding restricted cash |  | $ | 14,571,198 |  |  | $ | 3,126,202
Restricted cash – construction escrow account |  |  | 3,469,129 |  |  |  | —
Cash and cash equivalents per consolidated Balance Sheet |  | $ | 18,040,327 |  |  | $ | 3,126,202
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable |
|  | September 30, 2021 |  | September 30, 2020
Accounts Receivable, gross | $ |  | 2,891,784 |  |  | $ | 902,146
Other receivables |  |  | 421,681 |  |  |  | —
Retainage receivable |  |  | — |  |  |  | 615
Provision for doubtful allowances |  |  | (693,508 | ) |  |  | (42,970)
Total Accounts Receivable, net | $ |  | 2,619,957 |  |  | $ | 859,791
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Inventories Current |
|  | September 30, 2021 |  | September 30, 2020
Batteries and solar panels |  | $ | 1,819,398 |  |  | $ | —
Supplies and other |  |  | 853,346 |  |  |  | 247,500
Total inventory |  | $ | 2,672,744 |  |  | $ | 247,500
2. SUMMARY OF SIGNIFICANT ACCOUNTING ACCOUNTING POLICIES - Useful Life of Property and Equipment |
|  | Useful life (years)
Building |  | 30
Machinery and equipment |  | 1 - 10
Mining equipment |  | 3 – 15
Leasehold improvements |  | Shorter of estimated lease term or 5 years
Furniture and fixtures |  | 1 - 5
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Wise Goodwill Activity | The following table reflects segment wise goodwill activity for the years ended September 30, 2021 and 2020, respectively: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Wise Goodwill Activity (Details)
|  | Digital |  | Energy |  | Others |  | Total
Goodwill- October 1, 2019 |  | $ | — |  |  | $ | 4,919,858 |  |  | $ | — |  |  | $ | 4,919,858
New Acquisitions |  |  | — |  |  |  | 6,395 |  |  |  | 977,388 |  |  |  | 983,783
Impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | —
Goodwill- September 30, 2020 |  |  | — |  |  |  | 4,926,253 |  |  |  | 977,388 |  |  |  | 5,903,641
New Acquisitions |  |  | 12,048,419 |  |  |  | 6,820,526 |  |  |  | — |  |  |  | 18,868,945
Impairment |  |  | — |  |  |  | (4,746,000 | ) |  |  | (977,388 | ) |  |  | (5,723,388)
Goodwill- September 30, 2021 |  | $ | 12,048,419 |  |  | $ | 7,000,779 |  |  | $ | — |  |  | $ | 19,049,198
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Life |
|  | Useful life (years)
Patents |  |  | 13-20
Websites |  |  | 3
Customer list and non-compete agreement |  |  | 2-4
Design assets |  |  | 2
Trademarks |  |  | 14
Engineering trade secrets |  |  | 1-7
Software |  |  | 4-7
Strategic contract |  |  | 5
Infrastructure asset |  |  | 15
Capitalized software |  |  | 7
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Activities of Digital Currencies |
|  | Amount ($)
Balance as on September 30, 2019 |  | —
Additions to digital currencies |  | —
Sale of digital currencies |  | —
Balance as on September 30, 2020 |  |  | —
Additions of digital currencies |  |  | 38,846,633
Sale of digital currencies |  |  | (11,443,132)
Realized gain on sale of digital currencies |  |  | 3,104,378
Digital currencies issued for services |  |  | (296,593)
Impairment loss |  |  | (6,608,076)
Balance as on September 30, 2021 |  |  | 23,603,210
Financial Instruments Disclosure [Text Block] |
| Amount ($) | Level 1 | Level 2 | Level 3
Derivative asset | 4,905,656 | — | — | 4,905,656
Investment in equity security | 10,772 | 10,772 | — | —
Investment in debt security | 494,608 | — | — | 494,608
Contingent cash consideration | 820,802 | — | — | 820,802
Total | 6,231,838 | 10,772 | — | 6,221,066
September 30, 2020:
| Amount ($) | Level 1 | Level 2 | Level 3
Derivative asset | 2,115,269 | — | — | 2,115,269
Investment in equity security | 210,000 | 210,000 | — | —
Investment in debt security | 500,000 | — | — | 500,000
Contingent cash consideration | 750,000 | — | — | 750,000
Total | 3,575,269 | 210,000 | — | 3,365,269

X
- References No definition available. + Details
Name: | CLSK_PropertyPlantAndEquipmentUsefulLifeTableTextBlock
Namespace Prefix: | CLSK_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | CLSK_ScheduleOfActivitiesOfDigitalCurrenciesTableTextBlock
Namespace Prefix: | CLSK_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI http://asc.fasb.org/topic&trid=82887179 + Details
Name: | us-gaap_AccountsAndNontradeReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CashAndCashEquivalentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration