10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001493152-15-003749`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	dgip-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 52 Cash Flow Statement 62 Comprehensive Income 16

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`	$1.29M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.90M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.85M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.67M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.85M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.67M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.05K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$84.99K	USD	Point-in-time
Inventory	`InventoryNet`	$285.25K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$206.14K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Deposits and deferred expenses	`DepositsAssetsCurrent`	$117.81K	USD	Point-in-time
Deposits and deferred expenses	`DepositsAssetsCurrent`	$395.76K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$5.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.88M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.14M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$20.73K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.88M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$1.44M	USD	Point-in-time
Long-term investment	`DepositsAssetsNoncurrent`	$20.00K	USD	Point-in-time
Long-term investment	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intellectual property	`IntangibleAssetsNetExcludingGoodwill`	$28.34K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.44M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.68M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.92K	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`	$174.92K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$190.90K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$286.84K	USD	Point-in-time
COMMITMENTS (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 4,671,000 and 5,850,000 shares issued and outstanding at June 30, 2015 and September 30, 2014, respectively	`PreferredStockValue`	$4.67K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 4,671,000 and 5,850,000 shares issued and outstanding at June 30, 2015 and September 30, 2014, respectively	`PreferredStockValue`	$5.85K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized, 12,135,965 and 5,875,640 shares issued and outstanding at June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$12.14K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized, 12,135,965 and 5,875,640 shares issued and outstanding at June 30, 2015 and September 30, 2014, respectively	`CommonStockValue`	$5.88K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$10.21M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-30.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.70M	USD	Point-in-time
TOTAL DIGIPATH, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$3.50M	USD	Point-in-time
TOTAL DIGIPATH, INC. STOCKHOLDERS EQUITY	`StockholdersEquity`	$5.83M	USD	Point-in-time
Non-controlling interest in DigiPath, Corp.	`MinorityInterest`	$-343.53K	USD	Point-in-time
Non-controlling interest in DigiPath, Corp.	`MinorityInterest`	$-343.53K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.15M	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`	$3.44M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$217.25K	USD	1 Quarter
REVENUES	`Revenues`	$6.92K	USD	1 Quarter
REVENUES	`Revenues`	$317.12K	USD	3 Qtrs
REVENUES	`Revenues`	$322.79K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$130.18K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$227.97K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$195.15K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$19.30K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$87.07K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$89.15K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$127.64K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$-12.39K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$739.72K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$960.32K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.95M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$697.58K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$342.67K	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$73.65K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$106.37K	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$3.30M	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$739.72K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$771.24K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.07M	USD	3 Qtrs
NET OPERATING LOSS	`OperatingIncomeLoss`	$-652.65K	USD	1 Quarter
NET OPERATING LOSS	`OperatingIncomeLoss`	$-783.62K	USD	1 Quarter
NET OPERATING LOSS	`OperatingIncomeLoss`	$-3.21M	USD	3 Qtrs
NET OPERATING LOSS	`OperatingIncomeLoss`	$-939.05K	USD	3 Qtrs
Interest and other expense (income)	`InterestExpenseOther`	$-12.10K	USD	1 Quarter
Interest and other expense (income)	`InterestExpenseOther`	$1.73K	USD	1 Quarter
Interest and other expense (income)	`InterestExpenseOther`	$-23.38K	USD	3 Qtrs
Interest and other expense (income)	`InterestExpenseOther`	$13.15K	USD	3 Qtrs
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.18M	USD	3 Qtrs
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-771.53K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-952.20K	USD	3 Qtrs
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-654.38K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-771.53K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.18M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-654.38K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-952.20K	USD	3 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$10.98M	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.53M	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.54M	USD	3 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$9.02M	USD	3 Qtrs
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-0.62	shares	3 Qtrs
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-0.19	shares	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-0.07	shares	1 Quarter
NET LOSS PER SHARE OF COMMON STOCK - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-0.35	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-771.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.18M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-654.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-952.20K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$2.47K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$16.14K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$756.52K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$456.87K	USD	3 Qtrs
Common stock issued in separation agreement	`CommonStockIssuedInSeparationAgreement`	-	USD	3 Qtrs
Common stock issued in separation agreement	`CommonStockIssuedInSeparationAgreement`	$-112.08K	USD	3 Qtrs
Write-down of obsolete inventory	`InventoryWriteDown`	-	USD	3 Qtrs
Write-down of obsolete inventory	`InventoryWriteDown`	$51.65K	USD	3 Qtrs
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	-	USD	3 Qtrs
Write-down of development costs	`AdvertisingCostsCapitalizedDirectResponseAdvertisingWriteDown`	$28.34K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-38.05K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.59K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$91.11K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-79.12K	USD	3 Qtrs
Deposits & prepaid expenses	`IncreaseDecreaseInDepositsAndPrepaidExpenses`	$-79.73K	USD	3 Qtrs
Deposits & prepaid expenses	`IncreaseDecreaseInDepositsAndPrepaidExpenses`	$-277.96K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.84K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-122.06K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-122.91K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInAccountsPayableRelatedParties`	$135.78K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-28.12K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.33M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-932.83K	USD	3 Qtrs
Purchases of lab equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44M	USD	3 Qtrs
Purchases of lab equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Investment in stocks	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	-	USD	3 Qtrs
Investment in stocks	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$50.00K	USD	3 Qtrs
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$1.02M	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`	$-1.49M	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$105.00K	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Stock issued for cash	`ProceedsFromIssuanceOfCommonStockForCash`	$9.51K	USD	3 Qtrs
Stock issued for cash	`ProceedsFromIssuanceOfCommonStockForCash`	$3.30K	USD	3 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.60M	USD	3 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.21M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.82M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.51K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.81M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.87M	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.29M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.90M	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`	$1.29M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.90M	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
Interest paid	`InterestPaid`	$13.15K	USD	3 Qtrs
Interest paid	`InterestPaid`	$916.00	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$1.22M	USD	3 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	-	USD	3 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-771.53K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.18M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-654.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-952.20K	USD	3 Qtrs
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-30.00K	USD	3 Qtrs
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-72.00K	USD	1 Quarter
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-72.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-30.00K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-952.20K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-843.53K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-654.38K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.21M	USD	3 Qtrs

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