10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001308411-14-000165`
Period End Date	20140630
Filing Date	20140714
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	digp-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 44 Cash Flow Statement 58

Balance Sheet 53 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`	$5.90M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.59K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$94.18K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$43.60K	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$198.52K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	51.25M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Inventory	`InventoryNet`	$158.96K	USD	Point-in-time
Deposits	`PrepaidExpenseAndOtherAssets`	$92.43K	USD	Point-in-time
Deposits	`PrepaidExpenseAndOtherAssets`	$15.70K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$253.62K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.29M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$1.71K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$12.83K	USD	Point-in-time
Capitalized content development costs	`CapitalizedCostsSupportEquipmentAndFacilities`	$1.01M	USD	Point-in-time
Capitalized content development costs	`CapitalizedCostsSupportEquipmentAndFacilities`	-	USD	Point-in-time
Intellectual property	`OtherIntangibleAssetsNet`	$28.34K	USD	Point-in-time
Intellectual property	`OtherIntangibleAssetsNet`	-	USD	Point-in-time
Total Assets	`Assets`	$7.34M	USD	Point-in-time
Total Assets	`Assets`	$255.34K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$57.54K	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$55.80K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$228.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$106.03K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	$294.05K	USD	Point-in-time
Loan from related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`AccountsPayableRelatedPartiesCurrent`	$223.46K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$163.58K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$802.26K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 6,000,000 and zero shares issued and outstanding at June 30, 2014 and September 30, 2013, respectively	`PreferredStockValue`	$6.00K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 6,000,000 and zero shares issued and outstanding at June 30, 2014 and September 30, 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 900,000,000 shares authorized, 51,246,400 and 5,536,400 shares issued and outstanding at June 30, 2014 and September 30, 2013.	`CommonStockValue`	$51.25K	USD	Point-in-time
Common stock, $.001 par value, 900,000,000 shares authorized, 51,246,400 and 5,536,400 shares issued and outstanding at June 30, 2014 and September 30, 2013.	`CommonStockValue`	$5.54K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$9.09M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$130.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-682.89K	USD	Point-in-time
Total DigiPath, Inc. Stockholders' Equity	`StockholdersEquity`	$-546.92K	USD	Point-in-time
Total DigiPath, Inc. Stockholders' Equity	`StockholdersEquity`	$7.52M	USD	Point-in-time
Non-controlling interest in subsidiary	`NonredeemableNoncontrollingInterest`	-	USD	Point-in-time
Non-controlling interest in subsidiary	`NonredeemableNoncontrollingInterest`	$-343.53K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.17M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$7.34M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$255.34K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`SalesRevenueNet`	$322.79K	USD	3 Qtrs
REVENUES	`SalesRevenueNet`	$196.91K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$217.25K	USD	1 Quarter
REVENUES	`SalesRevenueNet`	$503.76K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$297.62K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$114.83K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$130.18K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$195.15K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$87.07K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$127.64K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$82.08K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$206.14K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$739.72K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.07M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$135.63K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$459.09K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-53.56K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-939.05K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-652.65K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-252.95K	USD	3 Qtrs
Other Income (Expense)	`InterestExpense`	$13.15K	USD	3 Qtrs
Other Income (Expense)	`InterestExpense`	$1.73K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$4.80K	USD	1 Quarter
Other Income (Expense)	`InterestExpense`	$14.68K	USD	3 Qtrs
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-654.38K	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`	$-952.20K	USD	3 Qtrs
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	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-952.20K	USD	3 Qtrs
NET INCOME/(LOSS)	`ProfitLoss`	$-58.36K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-654.38K	USD	1 Quarter
NET INCOME/(LOSS)	`ProfitLoss`	$-267.63K	USD	3 Qtrs
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`	$-0.05	USD	3 Qtrs
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
NET LOSS PER SHARE OF COMMON STOCK Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	35.26M	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	15.45M	shares	3 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	5.53M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-952.20K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-58.36K	USD	1 Quarter
Net loss	`ProfitLoss`	$-654.38K	USD	1 Quarter
Net loss	`ProfitLoss`	$-267.63K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.47K	USD	3 Qtrs
Depreciation	`Depreciation`	$20.83K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$9.80K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$67.50K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$456.87K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.46K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.59K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-105.35K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-39.56K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInPrepaidExpense`	$-1.20K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInPrepaidExpense`	$-76.73K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-122.06K	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`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.31K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-122.91K	USD	3 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$10.32K	USD	3 Qtrs
Accrued interest payable, related parties	`IncreaseDecreaseInInterestPayableNet`	$-28.12K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-932.83K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.63K	USD	3 Qtrs
Development costs	`PaymentsToAcquireInProcessResearchAndDevelopment`	-	USD	3 Qtrs
Development costs	`PaymentsToAcquireInProcessResearchAndDevelopment`	$978.42K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$28.34K	USD	3 Qtrs
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$13.59K	USD	3 Qtrs
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.02M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$20.00K	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$105.00K	USD	3 Qtrs
Proceeds from the sale of Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from the sale of Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.60M	USD	3 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$2.21M	USD	3 Qtrs
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	$3.30K	USD	1 Quarter
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	$3.30K	USD	3 Qtrs
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	$98.70K	USD	3 Qtrs
Repayment of revolving note due to related party	`RepaymentsOfNotesPayable`	$156.35K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.82M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-136.35K	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.87M	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-184.98K	USD	3 Qtrs
Cash and equivalents - beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$5.90M	USD	Point-in-time
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`	$35.36K	USD	Point-in-time
Cash and equivalents - ending balance	`CashAndCashEquivalentsAtCarryingValue`	$5.90M	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`	$35.36K	USD	Point-in-time
Note receivable for stock purchase	`IncreaseDecreaseInNotesReceivables`	-	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.