10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001308411-14-000136`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	digp-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 44 Cash Flow Statement 46

Balance Sheet 52 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$75.53K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$127.37K	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
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$45.36K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$43.60K	USD	Point-in-time
Inventory	`InventoryNet`	$158.96K	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`	$156.79K	USD	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	$15.70K	USD	Point-in-time
Prepaid	`PrepaidExpenseAndOtherAssets`	$1.20K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$330.72K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$253.62K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$1.71K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$232.00	USD	Point-in-time
Intellectual property	`OtherIntangibleAssetsNet`	$8.13K	USD	Point-in-time
Intellectual property	`OtherIntangibleAssetsNet`	-	USD	Point-in-time
Total Assets	`Assets`	$255.34K	USD	Point-in-time
Total Assets	`Assets`	$339.08K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$55.80K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$224.58K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$228.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$255.27K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$294.05K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$410.47K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$99.64K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$183.48K	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$223.46K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$802.26K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$1.17M	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 March 31, 2014 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 March 31, 2014 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`	$278.12K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$418.93K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$380.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-682.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-980.70K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-546.92K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-834.36K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$255.34K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$339.08K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$105.54K	USD	2 Qtrs
REVENUES	`SalesRevenueNet`	$201.84K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$306.86K	USD	2 Qtrs
REVENUES	`SalesRevenueNet`	$50.60K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$64.97K	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`	$33.70K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$124.06K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$40.57K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$58.21K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$16.90K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$323.45K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$326.97K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$157.92K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$277.04K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-99.71K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-286.39K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-260.14K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-199.39K	USD	2 Qtrs
Other Income (Expense)	`InterestExpense`	$9.88K	USD	2 Qtrs
Other Income (Expense)	`InterestExpense`	$3.27K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$5.11K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$11.42K	USD	2 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-297.81K	USD	2 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-265.25K	USD	1 Quarter
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-209.27K	USD	2 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-102.98K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-102.98K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-209.27K	USD	2 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-265.25K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-297.81K	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
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
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
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	2 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-102.98K	USD	1 Quarter
Net loss	`ProfitLoss`	$-209.27K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-265.25K	USD	1 Quarter
Net loss	`ProfitLoss`	$-297.81K	USD	2 Qtrs
Depreciation	`Depreciation`	$14.03K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.48K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$9.80K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$10.38K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.80K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.76K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.18K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-83.82K	USD	2 Qtrs
Deposits	`IncreaseDecreaseInPrepaidExpense`	$-1.20K	USD	2 Qtrs
Deposits	`IncreaseDecreaseInPrepaidExpense`	$14.50K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$168.78K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.67K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$59.66K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$103.56K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$26.32K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$104.49K	USD	2 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$11.42K	USD	2 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$7.26K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.31K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.86K	USD	2 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$8.13K	USD	2 Qtrs
Capital equipment purchases	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.13K	USD	2 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$105.00K	USD	2 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds/repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	$156.35K	USD	2 Qtrs
Proceeds/repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-156.35K	USD	2 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$92.01K	USD	2 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-120.04K	USD	2 Qtrs
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$75.53K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$127.37K	USD	Point-in-time
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$75.53K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$127.37K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	USD	2 Qtrs
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	USD	2 Qtrs

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