10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001308411-12-000101`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	digip-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 42 Cash Flow Statement 49

Balance Sheet 48 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
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$198.78K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$237.16K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.08K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$49.04K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseAndOtherAssetsCurrent`	$8.33K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.52M	shares	Point-in-time
Prepaid expense	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.43M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$22.08K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$278.23K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$201.64K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$63.10K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$40.51K	USD	Point-in-time
Total Assets	`Assets`	$264.74K	USD	Point-in-time
Total Assets	`Assets`	$318.74K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$30.68K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$52.85K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$150.55K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$322.44K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$210.43K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$3.50K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$45.05K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$570.90K	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`	$5.52K	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
Note receivable for stock purchase	`NotesReceivableRelatedParties`	$250.00K	USD	Point-in-time
Note receivable for stock purchase	`NotesReceivableRelatedParties`	-	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$330.36K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$42.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-338.04K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-252.16K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$20.13K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$264.74K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$318.74K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$204.66K	USD	3 Qtrs
REVENUES	`SalesRevenueNet`	$30.00K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$60.00K	USD	3 Qtrs
REVENUES	`SalesRevenueNet`	$62.35K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$43.54K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$132.59K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$60.00K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$30.00K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$18.81K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$72.07K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$370.88K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$116.30K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$62.75K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$29.80K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-298.81K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-97.49K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.75K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$197.00	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$3.66K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$6.40K	USD	3 Qtrs
Other Income (Expense)	`InterestExpense`	$11.68K	USD	3 Qtrs
Other Income (Expense)	`InterestExpense`	$3.99K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-101.15K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-9.15K	USD	3 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.79K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-310.49K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-9.15K	USD	3 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-310.49K	USD	3 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-101.15K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-3.79K	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.46M	shares	Point-in-time
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.11M	shares	Point-in-time

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-9.15K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-310.49K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-101.15K	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.79K	USD	1 Quarter
Depreciation	`Depreciation`	$7.83K	USD	1 Quarter
Depreciation	`Depreciation`	$26.10K	USD	3 Qtrs
Depreciation	`Depreciation`	$209.00	USD	1 Quarter
Depreciation	`Depreciation`	$209.00	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$8.21K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$6.00K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$615.00	USD	1 Quarter
Write off of equipment	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Write off of equipment	`GainLossOnDispositionOfAssets`	$37.80K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.96K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.53K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-30.41K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.18K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$28.59K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$150.55K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$12.01K	USD	3 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$6.40K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.51K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-102.01K	USD	3 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$5.03K	USD	3 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$41.31K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.31K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.03K	USD	3 Qtrs
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	$100.00K	USD	3 Qtrs
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	$200.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$30.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$28.68K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$41.55K	USD	3 Qtrs
Redemption of common stock	`StockRepurchasedAndRetiredDuringPeriodShares`	-10.00	shares	3 Qtrs
Redemption of common stock	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.68K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$171.54K	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.22K	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$237.16K	USD	3 Qtrs
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$198.78K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$237.16K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$198.78K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$237.16K	USD	Point-in-time

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