10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-000263`
Period End Date	20141231
Filing Date	20150127
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	digp-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 22 Cash Flow Statement 52

Balance Sheet 58 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`	$2.73K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.40M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.85M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.05K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.85M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.40M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$127.32K	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
Inventory	`InventoryNet`	$205.39K	USD	Point-in-time
Deposits and deferred expenses	`DepositsAssetsCurrent`	$117.81K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Deposits and deferred expenses	`DepositsAssetsCurrent`	$87.71K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.76M	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
TOTAL CURRENT ASSETS	`AssetsCurrent`	$4.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.76M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$18.12K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$20.73K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.76M	shares	Point-in-time
Deposits on lab equipment purchases	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deposits on lab equipment purchases	`DepositsAssetsNoncurrent`	$763.92K	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	$28.34K	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.68M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.86M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$162.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$151.76K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$39.13K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$57.78K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$190.90K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$220.44K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 5,402,500 and 5,850,000 shares issued and outstanding at December 31, 2014 and September 30, 2014, respectively	`PreferredStockValue`	$5.85K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 5,402,500 and 5,850,000 shares issued and outstanding at December 31, 2014 and September 30, 2014, respectively	`PreferredStockValue`	$5.40K	USD	Point-in-time
Common stock, $0.001 par value, 900,000,000 shares authorized, 82,760,205 and 58,756,400 shares issued and outstanding at December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$82.76K	USD	Point-in-time
Common stock, $0.001 par value, 900,000,000 shares authorized, 82,760,205 and 58,756,400 shares issued and outstanding at December 31, 2014 and September 30, 2014, respectively	`CommonStockValue`	$58.76K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$10.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.22M	USD	Point-in-time
TOTAL DIGIPATH, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$4.99M	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`	$-343.53K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.64M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.86M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.68M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$173.76K	USD	1 Quarter
REVENUES	`Revenues`	$54.94K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$119.87K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$31.27K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$53.89K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$23.67K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.75M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$49.93K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-26.26K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.70M	USD	1 Quarter
Interest and other expense	`InterestExpenseOther`	$841.00	USD	1 Quarter
Interest and other expense	`InterestExpenseOther`	$6.31K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.70M	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-32.56K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-32.56K	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.61M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.56K	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.61K	USD	1 Quarter
Depreciation expense	`Depreciation`	$-1.00K	USD	1 Quarter
Stock based compensation - warrants	`StockBasedCompensationWarrants`	-	USD	1 Quarter
Stock based compensation - warrants	`StockBasedCompensationWarrants`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$845.54K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	-	USD	1 Quarter
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	$28.34K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.84K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.28K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-3.55K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-79.86K	USD	1 Quarter
Deposits & prepaid expenses	`IncreaseDecreaseInDepositsAndPrepaidExpenses`	$14.50K	USD	1 Quarter
Deposits & prepaid expenses	`IncreaseDecreaseInDepositsAndPrepaidExpenses`	$30.10K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.67K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.89K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-19.04K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$18.65K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.13K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$6.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.63K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-687.89K	USD	1 Quarter
Deposits on lab equipment purchases	`PaymentsToAcquirePropertyPlantAndEquipment`	$763.92K	USD	1 Quarter
Deposits on lab equipment purchases	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-763.92K	USD	1 Quarter
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	$9.51K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.51K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.44M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.63K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Common stock issued to employees for services	`CommonStockIssuedToEmployeesForServices`	$733.46K	USD	1 Quarter
Common stock issued to employees for services	`CommonStockIssuedToEmployeesForServices`	-	USD	1 Quarter
Common stock issued in separation agreement, net	`CommonStockIssuedInSeparationAgreementNet`	$112.08K	USD	1 Quarter
Common stock issued in separation agreement, net	`CommonStockIssuedInSeparationAgreementNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$916.00	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$6.31K	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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