10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001308411-13-000036`
Period End Date	20121231
Filing Date	20130219
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	digip-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 22 Cash Flow Statement 43

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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$52.69K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	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`	$170.56K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$77.41K	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`	$50.75K	USD	Point-in-time
Inventory	`InventoryNet`	$115.78K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.53M	shares	Point-in-time
Inventory	`InventoryNet`	$49.34K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.52M	shares	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	-	USD	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	$12.05K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$231.27K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$322.32K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$28.93K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$21.91K	USD	Point-in-time
Total Assets	`Assets`	$253.18K	USD	Point-in-time
Total Assets	`Assets`	$351.25K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$93.28K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$75.66K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$168.80K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$191.58K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$211.13K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$326.78K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$45.95K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$119.64K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$615.62K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$617.20K	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`	$5.53K	USD	Point-in-time
Note receivable for stock purchase	`NotesReceivableRelatedParties`	$250.00K	USD	Point-in-time
Note receivable for stock purchase	`NotesReceivableRelatedParties`	$250.00K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$331.77K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$341.56K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-459.53K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-353.24K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-265.95K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-362.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$351.25K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$253.18K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$37.01K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$105.02K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$39.16K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$65.86K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$37.01K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$39.60K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$165.53K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-99.68K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.59K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$6.62K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$4.03K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-6.63K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-106.29K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-106.29K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-6.63K	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
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.53M	shares	Point-in-time
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.42M	shares	Point-in-time

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-106.29K	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.63K	USD	1 Quarter
Depreciation	`Depreciation`	$7.01K	USD	1 Quarter
Depreciation	`Depreciation`	$8.21K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$9.80K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$615.00	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.25K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.66K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-122.75K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-66.44K	USD	1 Quarter
Prepaid	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid	`IncreaseDecreaseInPrepaidExpense`	$-12.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.61K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$48.78K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$22.78K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$92.55K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$8.83K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$73.69K	USD	1 Quarter
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$4.03K	USD	1 Quarter
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$4.35K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.88K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.26K	USD	1 Quarter
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$14.79K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.79K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	$-120.00K	USD	1 Quarter
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-120.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.48K	USD	1 Quarter
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-142.88K	USD	1 Quarter
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$52.69K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$52.69K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$192.04K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time

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