10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001308411-13-000239`
Period End Date	20130630
Filing Date	20130813
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	digp-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 53

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`	$195.57K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.59K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$198.78K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$170.56K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$21.95K	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`	$77.41K	USD	Point-in-time
Inventory	`InventoryNet`	$49.34K	USD	Point-in-time
Inventory	`InventoryNet`	$154.70K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.53M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.52M	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`	$188.44K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$8.10K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$28.93K	USD	Point-in-time
Total Assets	`Assets`	$196.54K	USD	Point-in-time
Total Assets	`Assets`	$351.25K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$156.90K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$75.66K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$175.11K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$168.80K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$326.78K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$200.75K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$187.55K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$45.95K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$617.20K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$720.32K	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, 5,526,400 and 5,516,400 shares issued and outstanding at June 30, 2013	`CommonStockValue`	$5.52K	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 5,526,400 and 5,516,400 shares issued and outstanding at June 30, 2013	`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`	$341.56K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$331.77K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-620.87K	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`	$-523.78K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$196.54K	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`	$503.76K	USD	3 Qtrs
REVENUES	`SalesRevenueNet`	$196.91K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$62.35K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$204.66K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$43.54K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$297.62K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$132.59K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$114.83K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$72.07K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$82.08K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$206.14K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$18.81K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$135.63K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$116.30K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$370.88K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$459.09K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-252.95K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-97.49K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-298.81K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-53.56K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$14.68K	USD	3 Qtrs
Other Income (Expense)	`InterestExpense`	$11.68K	USD	3 Qtrs
Other Income (Expense)	`InterestExpense`	$4.80K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$3.66K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-58.36K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-310.49K	USD	3 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-101.15K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-267.63K	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`	$-58.36K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-101.15K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-267.63K	USD	3 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-310.49K	USD	3 Qtrs
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 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`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.46M	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.47M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-58.36K	USD	1 Quarter
Net loss	`ProfitLoss`	$-101.15K	USD	1 Quarter
Net loss	`ProfitLoss`	$-267.63K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-310.49K	USD	3 Qtrs
Depreciation	`Depreciation`	$26.10K	USD	3 Qtrs
Depreciation	`Depreciation`	$20.83K	USD	3 Qtrs
Depreciation	`Depreciation`	$7.83K	USD	1 Quarter
Depreciation	`Depreciation`	$6.80K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$8.21K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$615.00	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$9.80K	USD	3 Qtrs
Loss on write off of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$37.80K	USD	3 Qtrs
Loss on write off of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.96K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.46K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-105.35K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-30.41K	USD	3 Qtrs
Prepaid	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid	`IncreaseDecreaseInPrepaidExpense`	$-1.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.18K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$81.24K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$141.60K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$41.55K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$150.55K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.31K	USD	3 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$12.01K	USD	3 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$10.32K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.47K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.63K	USD	3 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	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`	-	USD	3 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$30.00K	USD	3 Qtrs
Proceeds from revolving note due to related party	`ProceedsFromNotesPayable`	$100.00K	USD	3 Qtrs
Proceeds from revolving note due to related party	`ProceedsFromNotesPayable`	$20.00K	USD	3 Qtrs
Repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	$156.35K	USD	3 Qtrs
Repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-136.35K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$130.00K	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-184.98K	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.22K	USD	3 Qtrs
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$10.59K	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 - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$10.59K	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
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	$250.00K	USD	3 Qtrs
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	USD	3 Qtrs

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