10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-007552`
Period End Date	20151231
Filing Date	20160219
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	dgip-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 42 Cash Flow Statement 58

Balance Sheet 66 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`	$481.10K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.35M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.73K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	4.07M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.07M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.35M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.80K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.15K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$192.56K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$60.45K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$24.14K	USD	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
Deposits	`DepositsAssetsCurrent`	$39.17K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.13M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$44.95K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$147.85K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$785.20K	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$14.00K	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$10.60K	USD	Point-in-time
Investment in DigiPath Corp.	`Investments`	-	USD	Point-in-time
Investment in DigiPath Corp.	`Investments`	$54.43K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.32M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.37M	USD	Point-in-time
Total Assets	`Assets`	$1.53M	USD	Point-in-time
Total Assets	`Assets`	$2.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$11.24K	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`	$2.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$157.18K	USD	Point-in-time
Total Liabilities	`Liabilities`	$157.18K	USD	Point-in-time
Total Liabilities	`Liabilities`	$48.07K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 4,071,442 and 4,351,442 shares issued and outstanding at December 31, 2015 and September 30, 2015, respectively	`PreferredStockValue`	$4.35K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 4,071,442 and 4,351,442 shares issued and outstanding at December 31, 2015 and September 30, 2015, respectively	`PreferredStockValue`	$4.07K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 15,129,372 and 13,762,705 shares issued and outstanding at December 31, 2015 and September 30, 2015, respectively	`CommonStockValue`	$13.76K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 15,129,372 and 13,762,705 shares issued and outstanding at December 31, 2015 and September 30, 2015, respectively	`CommonStockValue`	$15.13K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.40K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.00K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.47M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.85M	USD	Point-in-time
Total Digipath, Inc. Stockholders' Equity	`StockholdersEquity`	$2.36M	USD	Point-in-time
Total Digipath, Inc. Stockholders' Equity	`StockholdersEquity`	$1.48M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-343.53K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.53M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.17M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$173.76K	USD	1 Quarter
Revenues	`Revenues`	$102.14K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$119.87K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$69.99K	USD	1 Quarter
Gross profit	`GrossProfit`	$53.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$32.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$265.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$677.42K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$242.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.07M	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$289.77K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$1.61K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.61K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$61.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$859.39K	USD	1 Quarter
Net operating loss	`OperatingIncomeLoss`	$-827.24K	USD	1 Quarter
Net operating loss	`OperatingIncomeLoss`	$-1.70M	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$18.00K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$75.00	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$2.50K	USD	1 Quarter
Interest expense	`InterestExpense`	$916.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$12.13K	USD	1 Quarter
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	-	USD	1 Quarter
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	$-938.25K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-905.62K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-841.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.73M	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.26M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.71M	shares	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.73M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.70M	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.40K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.74M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.70M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.73M	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$289.77K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$1.61K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$2.61K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$61.09K	USD	1 Quarter
Impairment of development costs	`ImpairmentOfDevelopmentCosts`	$-28.34K	USD	1 Quarter
Impairment of development costs	`ImpairmentOfDevelopmentCosts`	-	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$845.54K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$109.81K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$12.13K	USD	1 Quarter
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	-	USD	1 Quarter
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	$-938.25K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.28K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$41.30K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-79.86K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-30.10K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$870.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.49K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.89K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-10.43K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-1.84K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$18.65K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-687.89K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-395.02K	USD	1 Quarter
Cash disposed in divestiture of unconsolidated entity	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	-	USD	1 Quarter
Cash disposed in divestiture of unconsolidated entity	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	$-57.88K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$763.92K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.47K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.35K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-763.92K	USD	1 Quarter
Proceeds from exercised options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercised options	`ProceedsFromStockOptionsExercised`	$9.51K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$45.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	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`	$-417.36K	USD	1 Quarter
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$63.73K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$3.66M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$63.73K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$916.00	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$280.00K	USD	1 Quarter
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter

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