10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001308411-14-000008`
Period End Date	20131231
Filing Date	20140107
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	digp-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 22 Cash Flow Statement 45

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
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	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`	$57.43K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$43.60K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Inventory	`InventoryNet`	$155.42K	USD	Point-in-time
Inventory	`InventoryNet`	$158.96K	USD	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	$15.70K	USD	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	$1.20K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$216.78K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$253.62K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$2.71K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$1.71K	USD	Point-in-time
Total Assets	`Assets`	$219.49K	USD	Point-in-time
Total Assets	`Assets`	$255.34K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$42.13K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$55.80K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$209.91K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$228.95K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$294.05K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$300.35K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$223.46K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$246.60K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$802.26K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$798.98K	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, 5,536,400 shares issued and outstanding at December 31, 2013 and September 30, 2013.	`CommonStockValue`	$5.54K	USD	Point-in-time
Common stock, $.001 par value, 50,000,000 shares authorized, 5,536,400 shares issued and outstanding at December 31, 2013 and September 30, 2013.	`CommonStockValue`	$5.54K	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`	$380.43K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$380.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-715.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-682.89K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-579.49K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-546.92K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$255.34K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$219.49K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$105.02K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$54.94K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$39.16K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$31.27K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$65.86K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$23.67K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$165.53K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$49.93K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-99.68K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-26.26K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$6.31K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$6.62K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-106.29K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-32.56K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-32.56K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-106.29K	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`	$-0.02	USD	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-32.56K	USD	1 Quarter
Net loss	`ProfitLoss`	$-106.29K	USD	1 Quarter
Depreciation	`Depreciation`	$7.01K	USD	1 Quarter
Depreciation	`Depreciation`	$-1.00K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$615.00	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$9.80K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.84K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.66K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.55K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-66.44K	USD	1 Quarter
Deposits	`IncreaseDecreaseInPrepaidExpense`	$14.50K	USD	1 Quarter
Deposits	`IncreaseDecreaseInPrepaidExpense`	$-12.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.67K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.61K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$73.69K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.13K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-19.04K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$22.78K	USD	1 Quarter
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$6.30K	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`	$-32.63K	USD	1 Quarter
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds/repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds/repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	$120.00K	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`	$-32.63K	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`	$2.73K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$52.69K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	USD	1 Quarter
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	USD	1 Quarter

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