10-K Filing

HYPHA LABS, INC. CIK: 1502966 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001493152-14-003959`
Period End Date	20140930
Filing Date	20141125
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	digp-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 22 Cash Flow Statement 59 Stockholders Equity 24

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.85M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$43.60K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.85M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.05K	USD	Point-in-time
Inventory	`InventoryNet`	$158.96K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$285.25K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$15.70K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$117.81K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$253.62K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.54M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	58.76M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$5.63M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	5.54M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$1.71K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	58.76M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$20.73K	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	$28.34K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$255.34K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.68M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$55.80K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$151.76K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$228.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$39.13K	USD	Point-in-time
Revolving note payable and accrued interest, related party	`LinesOfCreditCurrent`	-	USD	Point-in-time
Revolving note payable and accrued interest, related party	`LinesOfCreditCurrent`	$294.05K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$223.46K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$190.90K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$802.26K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 5,850,000 shares issued and outstanding at September 30, 2014 and no shares issued and outstanding at September 30, 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 5,850,000 shares issued and outstanding at September 30, 2014 and no shares issued and outstanding at September 30, 2013, respectively	`PreferredStockValue`	$5.85K	USD	Point-in-time
Common stock, $0.001 par value, 900,000,000 shares authorized, 58,756,400 and 5,536,400 shares issued and outstanding at September 30, 2014 and September 30, 2013, respectively.	`CommonStockValue`	$5.54K	USD	Point-in-time
Common stock, $0.001 par value, 900,000,000 shares authorized, 58,756,400 and 5,536,400 shares issued and outstanding at September 30, 2014 and September 30, 2013, respectively.	`CommonStockValue`	$58.76K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$130.43K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.28M	USD	Point-in-time
Accumulated Equity	`RetainedEarningsAccumulatedDeficit`	$-682.89K	USD	Point-in-time
Accumulated Equity	`RetainedEarningsAccumulatedDeficit`	$-3.52M	USD	Point-in-time
TOTAL DIGIPATH, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$-546.92K	USD	Point-in-time
TOTAL DIGIPATH, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$5.83M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-343.53K	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-265.95K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$255.34K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$567.19K	USD	Annual
REVENUES	`Revenues`	$485.87K	USD	Annual
COST OF SALES	`CostOfGoodsSold`	$303.95K	USD	Annual
COST OF SALES	`CostOfGoodsSold`	$297.53K	USD	Annual
GROSS PROFIT	`GrossProfit`	$188.34K	USD	Annual
GROSS PROFIT	`GrossProfit`	$263.24K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.01M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$574.82K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-311.58K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.82M	USD	Annual
Interest and other expense	`InterestExpenseOther`	$11.64K	USD	Annual
Interest and other expense	`InterestExpenseOther`	$18.06K	USD	Annual
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.83M	USD	Annual
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-329.65K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.83M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-329.65K	USD	Annual
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.47M	shares	Annual
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.53M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-329.65K	USD	Annual
Depreciation expense	`Depreciation`	$27.21K	USD	Annual
Depreciation expense	`Depreciation`	$4.59K	USD	Annual
Stock based compensation - warrants	`StockBasedCompensationWarrants`	-	USD	Annual
Stock based compensation - warrants	`StockBasedCompensationWarrants`	$343.53K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$48.67K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$303.19K	USD	Annual
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	$1.00M	USD	Annual
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$79.45K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-33.82K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$126.29K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$109.62K	USD	Annual
Prepaid	`IncreaseDecreaseInPrepaidExpense`	$15.70K	USD	Annual
Prepaid	`IncreaseDecreaseInPrepaidExpense`	$102.11K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$95.97K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.87K	USD	Annual
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$177.51K	USD	Annual
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-123.81K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-189.81K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$60.15K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$24.05K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-103.42K	USD	Annual
Purchase of development costs	`PaymentsToAcquireInProcessResearchAndDevelopment`	$1.00M	USD	Annual
Purchase of development costs	`PaymentsToAcquireInProcessResearchAndDevelopment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.34K	USD	Annual
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$23.61K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.06M	USD	Annual
Proceeds (repayment) from revolving note due to related party	`ProceedsFromRepaymentsOfLinesOfCredit`	$105.00K	USD	Annual
Proceeds (repayment) from revolving note due to related party	`ProceedsFromRepaymentsOfLinesOfCredit`	$-56.78K	USD	Annual
Proceeds from the sale of Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from the sale of Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.60M	USD	Annual
Proceeds from the sale of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from the sale of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$2.21M	USD	Annual
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	$3.30K	USD	Annual
Repayment of revolving note	`RepaymentsOfNotesPayable`	$98.70K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.78K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.82M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.07M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-160.21K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.57K	USD	Point-in-time
Note payable exchanged for preferred stock	`NotePayableExchangedForPreferredStock`	-	USD	Annual
Note payable exchanged for preferred stock	`NotePayableExchangedForPreferredStock`	$400.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$218.00	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-265.95K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$30.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$19.80K	USD	Annual
Option exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.30K	USD	Annual
Option exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-10,000.00	shares	Annual
Option exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	10,000.00	shares	1 Quarter
Option exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Common stock issued during period for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$2.21M	USD	Annual
Option issued for services	`StockOptionIssuedForServices`	$10.38K	USD	Annual
Option issued for services	`StockOptionIssuedForServices`	$28.88K	USD	Annual
Preferred stock issued for cash	`PreferredStockIssuedForCash`	$6.00M	USD	Annual
Sharebased compensation vested	`StockIssuedDuringPeriodSharesShareBasedCompensationGross`	44,837.00	shares	Annual
XTOL and TLC to be reversed	`AdditionalPaidInCapitalReversed`	$30.00K	USD	Annual
Sharebased compensation vested	`StockIssuedDuringPeriodSharesShareBasedCompensationGrossOne`	193,976.00	shares	Annual
Warrants in subsidary issued for services	`StockIssuedDuringPeriodForServicesWarrants`	$343.53K	USD	Annual
Noncontrolling interest in subsidary	`NoncontrollingInterestInSubsidary`	-	USD	Annual
Conversion of preferred shares to common	`StockIssuedDuringPeriodValueConversionOfCommonStock`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-2.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-329.65K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-265.95K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time

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