10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-001894`
Period End Date	20150331
Filing Date	20150513
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	digp-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 52 Cash Flow Statement 58 Comprehensive Income 20

Balance Sheet 62 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`	$127.37K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.85M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.15M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.04K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.15M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.85M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.05K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$12.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$196.65K	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
Inventory	`InventoryNet`	$285.25K	USD	Point-in-time
Deposits and deferred expenses	`DepositsAssetsCurrent`	$117.81K	USD	Point-in-time
Deposits and deferred expenses	`DepositsAssetsCurrent`	$391.16K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.76M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.76M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$2.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	95.74M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$5.63M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$20.73K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$1.39M	USD	Point-in-time
Long-term investment	`DepositsAssetsNoncurrent`	$92.00K	USD	Point-in-time
Long-term investment	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	$28.34K	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.25M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.68M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$133.60K	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`	$123.23K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$256.83K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$190.90K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 5,150,000 and 5,850,000 shares issued and outstanding at March 31, 2015 and September 30, 2014, respectively	`PreferredStockValue`	$5.15K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 5,150,000 and 5,850,000 shares issued and outstanding at March 31, 2015 and September 30, 2014, respectively	`PreferredStockValue`	$5.85K	USD	Point-in-time
Common stock, $0.001 par value, 900,000,000 shares authorized, 95,735,811 and 58,756,400 shares issued and outstanding at March 31, 2015 and September 30, 2014, respectively	`CommonStockValue`	$95.74K	USD	Point-in-time
Common stock, $0.001 par value, 900,000,000 shares authorized, 95,735,811 and 58,756,400 shares issued and outstanding at March 31, 2015 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`	$10.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$42.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.52M	USD	Point-in-time
TOTAL DIGIPATH, INC. STOCKHOLDERS' EQUITY	`StockholdersEquity`	$4.34M	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`	$4.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.25M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.68M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$310.21K	USD	2 Qtrs
REVENUES	`Revenues`	$50.60K	USD	1 Quarter
REVENUES	`Revenues`	$105.54K	USD	2 Qtrs
REVENUES	`Revenues`	$136.45K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$64.97K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$88.80K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$208.67K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$33.70K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$47.65K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$101.54K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$40.57K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$16.90K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$220.60K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$639.79K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$173.56K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.25M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$103.48K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$269.02K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$106.37K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$131.54K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$771.33K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.52M	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$277.04K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$326.97K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-723.68K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-260.14K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-286.39K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.42M	USD	2 Qtrs
Interest and other expense (income)	`InterestExpenseOther`	$11.42K	USD	2 Qtrs
Interest and other expense (income)	`InterestExpenseOther`	$-11.28K	USD	2 Qtrs
Interest and other expense (income)	`InterestExpenseOther`	$-12.12K	USD	1 Quarter
Interest and other expense (income)	`InterestExpenseOther`	$5.11K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-297.81K	USD	2 Qtrs
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-265.25K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-711.55K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.41M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-265.25K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.41M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-297.81K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-711.55K	USD	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	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`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	80.30M	shares	2 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	89.69M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	2 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-265.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.41M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-297.81K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-711.55K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.48K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$5.36K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$756.52K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$10.38K	USD	2 Qtrs
Common stock issued in separation agreement	`CommonStockIssuedInSeparationAgreement`	-	USD	2 Qtrs
Common stock issued in separation agreement	`CommonStockIssuedInSeparationAgreement`	$-112.08K	USD	2 Qtrs
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	$28.34K	USD	2 Qtrs
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.76K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$60.99K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$12.00K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-88.60K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.18K	USD	2 Qtrs
Deposits & prepaid expenses	`IncreaseDecreaseInDepositsAndPrepaidExpenses`	$14.50K	USD	2 Qtrs
Deposits & prepaid expenses	`IncreaseDecreaseInDepositsAndPrepaidExpenses`	$-273.36K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.16K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$168.78K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$59.66K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$84.10K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$26.32K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$11.42K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.86K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	2 Qtrs
Purchases of lab equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of lab equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37M	USD	2 Qtrs
Investment in stocks	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	-	USD	2 Qtrs
Investment in stocks	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$50.00K	USD	2 Qtrs
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$8.13K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.42M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.13K	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$105.00K	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Stock issued for cash	`ProceedsFromIssuanceOfCommonStockForCash`	-	USD	2 Qtrs
Stock issued for cash	`ProceedsFromIssuanceOfCommonStockForCash`	$9.51K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.51K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.00K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.12M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$92.01K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.37K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.99M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.37K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.99M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$11.42K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$916.00	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-265.25K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.41M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-297.81K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-711.55K	USD	1 Quarter
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$42.00K	USD	2 Qtrs
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$42.00K	USD	1 Quarter
Net change (net of tax effect)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$42.00K	USD	2 Qtrs
Net change (net of tax effect)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Net change (net of tax effect)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$42.00K	USD	1 Quarter
Net change (net of tax effect)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$42.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$42.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-265.25K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.37M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-297.81K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-669.55K	USD	1 Quarter

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