10-K Filing

HYPHA LABS, INC. CIK: 1502966 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-015312`
Period End Date	20170930
Filing Date	20171229
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	digp-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 38 Cash Flow Statement 55 Stockholders Equity 20

Balance Sheet 56 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`	3.52M	shares	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$98.44K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$266.61K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3.52M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$73.75K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$24.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$39.85K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$25.65K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$544.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$297.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.49M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.49M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.03M	shares	Point-in-time
Available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$9.20K	USD	Point-in-time
Available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$1.45M	USD	Point-in-time
Total Assets	`Assets`	$1.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.67K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.25K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$211.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$164.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$211.91K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,897,942 and 3,520,442 shares issued and outstanding at September 30, 2017 and 2016, respectively	`PreferredStockValue`	$1.90K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,897,942 and 3,520,442 shares issued and outstanding at September 30, 2017 and 2016, respectively	`PreferredStockValue`	$3.52K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 35,027,118 and 22,491,041 shares issued and outstanding at September 30, 2017 and 2016, respectively	`CommonStockValue`	$35.03K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 35,027,118 and 22,491,041 shares issued and outstanding at September 30, 2017 and 2016, respectively	`CommonStockValue`	$22.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.80K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.43M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.45M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$818.58K	USD	Annual
Revenues	`Revenues`	$1.90M	USD	Annual
Cost of sales	`CostOfGoodsSold`	$904.17K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$380.04K	USD	Annual
Gross profit	`GrossProfit`	$994.01K	USD	Annual
Gross profit	`GrossProfit`	$438.55K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.26M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.26M	USD	Annual
Professional fees	`ProfessionalFees`	$1.79M	USD	Annual
Professional fees	`ProfessionalFees`	$1.00M	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	$274.38K	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	$42.18K	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.32M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.30M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.31M	USD	Annual
Other income	`OtherIncome`	$282.07K	USD	Annual
Other income	`OtherIncome`	$154.00K	USD	Annual
Interest income	`InterestIncomeOperating`	$10.00K	USD	Annual
Interest income	`InterestIncomeOperating`	$10.00K	USD	Annual
Loss on impairment of securities available-for-sale	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Loss on impairment of securities available-for-sale	`GoodwillAndIntangibleAssetImpairment`	$50.00K	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	`EquityMethodInvestmentUnrealizedIntercompanyProfitLossNotEliminatedAmount`	-	USD	Annual
Equity in losses of unconsolidated entity	`EquityMethodInvestmentUnrealizedIntercompanyProfitLossNotEliminatedAmount`	$-992.68K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-816.55K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$242.07K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.70M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.07M	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`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.70M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.07M	USD	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.32M	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`	$-0.04	USD	Annual
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.70M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.07M	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	$274.38K	USD	Annual
Bad debts expense	`ProvisionForDoubtfulAccounts`	$42.18K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$244.58K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$253.53K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$246.38K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$295.16K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$389.74K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.12M	USD	Annual
Realized loss on available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedLosses`	$50.00K	USD	Annual
Realized loss on available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedLosses`	-	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	`EquityMethodInvestmentUnrealizedIntercompanyProfitLossNotEliminatedAmount`	-	USD	Annual
Equity in losses of unconsolidated entity	`EquityMethodInvestmentUnrealizedIntercompanyProfitLossNotEliminatedAmount`	$-992.68K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$103.55K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$210.35K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$49.50K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$979.00	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-675.00	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$14.20K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$128.67K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-35.67K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$32.58K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-12.24K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-4.17K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-734.07K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-376.88K	USD	Annual
Cash disposed in divestiture of unconsolidated entity	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	$-57.88K	USD	Annual
Cash disposed in divestiture of unconsolidated entity	`ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.76K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$140.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.64K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.84K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$460.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$560.50K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$460.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$560.50K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-345.70K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.79K	USD	Annual
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$481.10K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$1.62M	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$831.00K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41M	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
Units of common stock and warrants sold for cash	`StockIssuedDuringPeriodValueOther`	$560.50K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$246.38K	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`	$389.74K	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
Unrealized loss on available-for-sale securities	`AvailableforsaleSecuritiesGrossUnrealizedGainLoss1`	$-4.80K	USD	Annual
Realized loss on available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$40.80K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.70M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.07M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.41M	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.