10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001308411-12-000061`
Period End Date	20120331
Filing Date	20120511
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	digip-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 42 Cash Flow Statement 44

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$237.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$70.67K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$65.68K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.08K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.43M	shares	Point-in-time
Inventory	`InventoryNet`	$47.60K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.47M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$201.64K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$183.94K	USD	Point-in-time
Equipment, net	`FixturesAndEquipmentGross`	$63.10K	USD	Point-in-time
Equipment, net	`FixturesAndEquipmentGross`	$84.29K	USD	Point-in-time
Total Assets	`Assets`	$264.74K	USD	Point-in-time
Total Assets	`Assets`	$268.23K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$34.18K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$105.20K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$126.20K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$218.46K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$210.43K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$449.85K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$244.61K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 5,296,750 shares issued and outstanding at June 30, 2011	`CommonStockValue`	$5.43K	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 5,296,750 shares issued and outstanding at June 30, 2011	`CommonStockValue`	$5.47K	USD	Point-in-time
Note receivable for stock purchase	`NotesReceivableRelatedParties`	-	USD	Point-in-time
Note receivable for stock purchase	`NotesReceivableRelatedParties`	$250.00K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$42.25K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$299.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-236.89K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$20.13K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-181.62K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$264.74K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$268.23K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$30.00K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$105.30K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$142.31K	USD	2 Qtrs
REVENUES	`SalesRevenueNet`	$30.00K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$89.05K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$89.05K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$30.00K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$30.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$16.25K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$53.26K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$254.57K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$19.11K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$32.95K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$214.97K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-198.72K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.95K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-201.31K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$10.89K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$2.41K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$3.99K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$2.41K	USD	2 Qtrs
Other Income (Expense)	`InterestExpense`	$8.02K	USD	2 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.36K	USD	2 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-209.34K	USD	2 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-202.71K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$8.48K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-209.34K	USD	2 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-5.36K	USD	2 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-202.71K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$8.48K	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	2 Qtrs
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.01M	shares	Point-in-time
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.45M	shares	Point-in-time

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-209.34K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-5.36K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-202.71K	USD	1 Quarter
Net loss	`ProfitLoss`	$8.48K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$18.26K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$7.60K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$6.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-34.61K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-47.60K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.41K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.40K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$126.20K	USD	2 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$2.41K	USD	2 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$8.02K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.45K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-74.06K	USD	2 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	2 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$39.45K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.45K	USD	2 Qtrs
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	$200.00K	USD	2 Qtrs
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$28.68K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$13.62K	USD	2 Qtrs
Redemption of common stock	`StockRepurchasedAndRetiredDuringPeriodShares`	-10.00	shares	2 Qtrs
Redemption of common stock	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.68K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.61K	USD	2 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$237.13K	USD	2 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-99.90K	USD	2 Qtrs
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$237.13K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$70.67K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$237.13K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$70.67K	USD	Point-in-time

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