10-K Filing

HYPHA LABS, INC. CIK: 1502966 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001493152-16-006768`
Period End Date	20150930
Filing Date	20160113
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	dgip-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 40 Cash Flow Statement 75 Stockholders Equity 28

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Series A convertible preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A convertible preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	5.85M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	4.35M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.35M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.85M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.15K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.05K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$192.56K	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, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$60.45K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$81.77K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$44.95K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$36.03K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$785.20K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.76M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$20.73K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.37M	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecurities`	-	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecurities`	$14.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$28.34K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Total Assets	`Assets`	$5.68M	USD	Point-in-time
Total Assets	`Assets`	$2.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.38K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.91K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$21.67K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$73.12K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$39.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$157.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$190.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$190.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$157.18K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 4,351,442 and 5,850,000 shares issued and outstanding at September 30, 2015 and 2014, respectively	`PreferredStockValue`	$4.35K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 4,351,442 and 5,850,000 shares issued and outstanding at September 30, 2015 and 2014, respectively	`PreferredStockValue`	$5.85K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 13,762,705 and 5,875,640 shares issued and outstanding at September 30, 2015 and 2014, respectively	`CommonStockValue`	$5.88K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 13,762,705 and 5,875,640 shares issued and outstanding at September 30, 2015 and 2014, respectively	`CommonStockValue`	$13.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.85M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.52M	USD	Point-in-time
Total digipath, Inc. Stockholders' Equity	`StockholdersEquity`	$2.36M	USD	Point-in-time
Total digipath, Inc. Stockholders' Equity	`StockholdersEquity`	$5.83M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-343.53K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-343.53K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.17M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.68M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$54.94K	USD	Annual
Revenues	`Revenues`	$16.08K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$85.55K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$29.27K	USD	Annual
Gross profit (loss)	`GrossProfit`	$25.67K	USD	Annual
Gross profit (loss)	`GrossProfit`	$-69.47K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.23M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.34M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$143.77K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$23.12K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.36M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.37M	USD	Annual
Net operating loss	`OperatingIncomeLoss`	$-3.44M	USD	Annual
Net operating loss	`OperatingIncomeLoss`	$-2.34M	USD	Annual
Other income	`OtherIncome`	$36.00K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Interest expense	`InterestExpenseOther`	$11.64K	USD	Annual
Interest expense	`InterestExpenseOther`	-	USD	Annual
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$-8.30K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on impairment of intangible asset	`GoodwillAndIntangibleAssetImpairment`	$300.00K	USD	Annual
Loss on impairment of intangible asset	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-11.64K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-272.30K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.71M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.35M	USD	Annual
Loss from operations of discontinued business component	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-484.46K	USD	Annual
Loss from operations of discontinued business component	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-618.57K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.33M	USD	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$9.91M	USD	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$2.45M	USD	Annual
Net (loss) per share - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-0.37	shares	Annual
Net (loss) per share - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-0.96	shares	Annual
Net loss attributable to DigiPath, Inc. from continuing operations	`NetIncomeLoss`	$-2.83M	USD	Annual
Net loss attributable to DigiPath, Inc. from continuing operations	`NetIncomeLoss`	$-4.33M	USD	Annual
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-36.00K	USD	Annual
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.37M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.83M	USD	Annual

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.33M	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	$42.51K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.59K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$83.72K	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$298.81K	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$224.01K	USD	Annual
Options and warrants granted for services	`AdjustmentOfWarrantsGrantedForServices`	$353.91K	USD	Annual
Options and warrants granted for services	`AdjustmentOfWarrantsGrantedForServices`	$663.63K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$-8.30K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on impairment of development costs	`GainLossOnImpairmentOfDevelopmentCosts`	$-1.00M	USD	Annual
Loss on impairment of development costs	`GainLossOnImpairmentOfDevelopmentCosts`	$-28.34K	USD	Annual
Loss on impairment of intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Loss on impairment of intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$300.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$79.45K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-74.39K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$126.29K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-92.69K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-21.32K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$66.07K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-36.03K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-8.91K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$95.97K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-63.47K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.24K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-123.81K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$33.99K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-189.81K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.84M	USD	Annual
Purchase of development costs	`PaymentsToAcquireInProcessResearchAndDevelopment`	-	USD	Annual
Purchase of development costs	`PaymentsToAcquireInProcessResearchAndDevelopment`	$1.00M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.34K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$300.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$23.61K	USD	Annual
Purchase of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$50.00K	USD	Annual
Purchase of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.06M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79M	USD	Annual
Proceeds from revolving note due to related party	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from revolving note due to related party	`ProceedsFromLinesOfCredit`	$105.00K	USD	Annual
Repayment of revolving note due to related party	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment of revolving note due to related party	`RepaymentsOfLinesOfCredit`	$98.70K	USD	Annual
Proceeds from exercised options	`ProceedsFromStockOptionsExercised`	$3.30K	USD	1 Quarter
Proceeds from exercised options	`ProceedsFromStockOptionsExercised`	$9.51K	USD	Annual
Proceeds from exercised options	`ProceedsFromStockOptionsExercised`	$9.51K	USD	Point-in-time
Proceeds from exercised options	`ProceedsFromStockOptionsExercised`	$3.30K	USD	Annual
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.60M	USD	Annual
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.21M	USD	Point-in-time
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.21M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.82M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.51K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.62M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.07M	USD	Annual
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$35.36K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	$218.00	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Note payable exchanged for preferred stock	`DebtConversionConvertedInstrumentAmount1`	$400.00K	USD	Annual
Note payable exchanged for preferred stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	-	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$1.50M	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$224.01K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$30.00K	USD	Annual
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	25,000.00	shares	Annual
Options exercised for cash	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.51K	USD	Annual
Options exercised for cash	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.30K	USD	Annual
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2,881.00	shares	Point-in-time
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1,000.00	shares	1 Quarter
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-1,000.00	shares	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueOther`	$2.21M	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$663.63K	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$10.38K	USD	Annual
Preferred stock issued for cash	`PreferredStockIssuedForCash`	$6.00M	USD	Annual
Vesting of previously issued common stock	`AdjustmentsToAdditionalPaidInCapitalVestingOfPreviouslyIssuedCommonStock`	$268.81K	USD	Annual
Warrants in subsidiary issued for services	`StockIssuedDuringPeriodForServicesWarrants`	$343.53K	USD	Annual
Non-controlling interest in subsidiary	`NoncontrollingInterestInSubsidary`	-	USD	Annual
Conversion of preferred shares to common	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Conversion of preferred shares to common	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Cancellation of common stock	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Unrealized loss on available-for-sale securities	`AvailableforsaleSecuritiesGrossUnrealizedGainLoss1`	$-36.00K	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$-2.83M	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$-4.33M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-546.92K	USD	Point-in-time

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