10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001308411-13-000169`
Period End Date	20130331
Filing Date	20130520
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	digip-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 47

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`	$70.67K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	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`	$75.53K	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`	$47.61K	USD	Point-in-time
Inventory	`InventoryNet`	$133.16K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.52M	shares	Point-in-time
Inventory	`InventoryNet`	$49.34K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.53M	shares	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	$1.20K	USD	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$322.32K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$257.50K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$28.93K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$14.90K	USD	Point-in-time
Total Assets	`Assets`	$272.40K	USD	Point-in-time
Total Assets	`Assets`	$351.25K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$75.66K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$137.33K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$168.80K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$273.29K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$177.69K	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`	$149.51K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$617.20K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$737.82K	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`	$-562.51K	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`	$-465.42K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$272.40K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$351.25K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$142.31K	USD	2 Qtrs
REVENUES	`SalesRevenueNet`	$105.30K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$201.84K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$306.86K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$143.63K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$182.79K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$89.05K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$89.05K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$53.26K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$58.21K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$124.06K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$16.25K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$323.45K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$157.92K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$254.57K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$214.97K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-199.39K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-198.72K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-201.31K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-99.71K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$3.27K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$9.88K	USD	2 Qtrs
Other Income (Expense)	`InterestExpense`	$3.99K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$8.02K	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`	$-209.27K	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`	$-102.98K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-102.98K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-202.71K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-209.27K	USD	2 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-209.34K	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`	$-0.04	USD	2 Qtrs
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`	$-0.04	USD	2 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	2 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.47M	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.45M	shares	2 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-102.98K	USD	1 Quarter
Net loss	`ProfitLoss`	$-202.71K	USD	1 Quarter
Net loss	`ProfitLoss`	$-209.27K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-209.34K	USD	2 Qtrs
Depreciation	`Depreciation`	$10.05K	USD	1 Quarter
Depreciation	`Depreciation`	$14.03K	USD	2 Qtrs
Depreciation	`Depreciation`	$18.25K	USD	2 Qtrs
Depreciation	`Depreciation`	$7.01K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$9.80K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$615.00	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$7.60K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-34.61K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.80K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-83.82K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-47.60K	USD	2 Qtrs
Prepaid	`IncreaseDecreaseInPrepaidExpense`	$-1.20K	USD	2 Qtrs
Prepaid	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.67K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.40K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$126.20K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$104.49K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$13.62K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$103.56K	USD	2 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$7.26K	USD	2 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$8.02K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.31K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.44K	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`	$-39.45K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Net proceeds from issuance of note payable	`ProceedsFromIssuanceOfDebt`	$-156.35K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-156.35K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-120.04K	USD	2 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-99.90K	USD	2 Qtrs
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$70.67K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$75.53K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$70.67K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$75.53K	USD	Point-in-time
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	USD	2 Qtrs
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	$250.00K	USD	2 Qtrs

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