10-K Filing

HYPHA LABS, INC. CIK: 1502966 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-000298`
Period End Date	20160930
Filing Date	20170109
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	digp-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 67 Stockholders Equity 24

Balance Sheet 64 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Series A Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	4.35M	shares	Point-in-time
Series A Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	3.52M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.15K	USD	Point-in-time
Series A Convertible Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.52M	shares	Point-in-time
Series A Convertible Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	4.35M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$98.44K	USD	Point-in-time
Inventory	`InventoryNet`	-	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`	$192.56K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$60.45K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$24.25K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$44.95K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$39.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.49M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.76M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.49M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$785.20K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$297.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.76M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.37M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.14M	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$14.00K	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$9.20K	USD	Point-in-time
Total Assets	`Assets`	$2.17M	USD	Point-in-time
Total Assets	`Assets`	$1.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.67K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$21.67K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.25K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$73.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$211.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$157.18K	USD	Point-in-time
Total Liabilities	`Liabilities`	$211.91K	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; 3,520,442 and 4,351,442 shares issued and outstanding at September 30, 2016 and 2015, respectively	`PreferredStockValue`	$4.35K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 3,520,442 and 4,351,442 shares issued and outstanding at September 30, 2016 and 2015, respectively	`PreferredStockValue`	$3.52K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 22,491,041 and 13,762,705 shares issued and outstanding at September 30, 2016 and 2015, respectively	`CommonStockValue`	$22.49K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 22,491,041 and 13,762,705 shares issued and outstanding at September 30, 2016 and 2015, respectively	`CommonStockValue`	$13.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.68M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.80K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.85M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.43M	USD	Point-in-time
Total Digipath, Inc. Stockholders' Equity	`StockholdersEquity`	$1.23M	USD	Point-in-time
Total Digipath, Inc. Stockholders' Equity	`StockholdersEquity`	$2.36M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	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`	$1.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.17M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.45M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$818.58K	USD	Annual
Revenues	`Revenues`	$16.08K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$85.55K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$380.04K	USD	Annual
Gross profit (loss)	`GrossProfit`	$-69.47K	USD	Annual
Gross profit (loss)	`GrossProfit`	$438.55K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.02M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.56M	USD	Annual
Professional fees	`ProfessionalFees`	$1.73M	USD	Annual
Professional fees	`ProfessionalFees`	$1.79M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$274.38K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$77.81K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$244.58K	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.37M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.32M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.44M	USD	Annual
Other income	`OtherIncome`	$154.00K	USD	Annual
Other income	`OtherIncome`	$36.00K	USD	Annual
Interest income	`InterestIncomeOperating`	$10.00K	USD	Annual
Interest income	`InterestIncomeOperating`	-	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`	-	USD	Annual
Loss on impairment of intangible asset	`GoodwillAndIntangibleAssetImpairment`	$300.00K	USD	Annual
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$12.13K	USD	Annual
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	-	USD	Annual
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	$-992.68K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-816.55K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-272.30K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.70M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.71M	USD	Annual
Less: Net loss attributable to the noncontrolling interest	`ProfitLoss`	-	USD	Annual
Less: Net loss attributable to the noncontrolling interest	`ProfitLoss`	-	USD	Annual
Net loss attributable to Digipath, Inc. from continuing operations	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.70M	USD	Annual
Net loss attributable to Digipath, Inc. from continuing operations	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.71M	USD	Annual
Loss from operations of discontinued business component	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	Annual
Loss from operations of discontinued business component	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-618.57K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.33M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.70M	USD	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.91M	shares	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.44M	shares	Annual
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	Annual
Net loss attributable to Digipath, Inc.	`NetIncomeLoss`	$-4.33M	USD	Annual
Net loss attributable to Digipath, Inc.	`NetIncomeLoss`	$-3.70M	USD	Annual
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.80K	USD	Annual
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-36.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.70M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.37M	USD	Annual

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.33M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.70M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$274.38K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$83.72K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$244.58K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$295.16K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$224.01K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.12M	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$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`	-	USD	Annual
Loss on impairment of development costs	`GainLossOnImpairmentOfDevelopmentCosts`	$-28.34K	USD	Annual
Loss on impairment of intangible asset	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Loss on impairment of intangible asset	`GoodwillAndIntangibleAssetImpairment`	$300.00K	USD	Annual
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$12.13K	USD	Annual
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	-	USD	Annual
Equity in losses of unconsolidated entity	`EquityInLossesOfUnconsolidatedEntity`	$-992.68K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$103.55K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-74.39K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-92.69K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$979.00	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-21.32K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-8.91K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-675.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$128.67K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-63.47K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.24K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$32.58K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-4.17K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$33.99K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-734.07K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.84M	USD	Annual
Cash disposed in divestiture of unconsolidated entity	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	-	USD	Annual
Cash disposed in divestiture of unconsolidated entity	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	$-57.88K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.76K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$300.00K	USD	Annual
Purchase of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	Annual
Purchase of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$50.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.64K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79M	USD	Annual
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`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$460.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.51K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-345.70K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.62M	USD	Annual
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$5.10M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$1.50M	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$831.00K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Deconsolidation of subsidiary, Digipath Corp	`DeconsolidationOfSubsidiaryDigipathCorp.`	$1.05M	USD	Annual
Units of common stock and warrants sold for cash	`StockIssuedDuringPeriodValueOther`	$460.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$224.01K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$295.16K	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$1.12M	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$663.63K	USD	Annual
Cancellation of preferred stock	`CancellationOfPreferredStock`	-	USD	Annual
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Options exercised for cash	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.51K	USD	Annual
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2,881.00	shares	Point-in-time
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-2,881.00	shares	Annual
Options exercised for cash, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Cancellation of common stock	`StockRepurchasedDuringPeriodValue`	-	USD	Annual
Unrealized loss on available-for-sale securities	`AvailableforsaleSecuritiesGrossUnrealizedGainLoss1`	$-4.80K	USD	Annual
Unrealized loss on available-for-sale securities	`AvailableforsaleSecuritiesGrossUnrealizedGainLoss1`	$-36.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.33M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.70M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.49M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time

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