10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-001810`
Period End Date	20171231
Filing Date	20180212
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	digp-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 30 Cash Flow Statement 44

Balance Sheet 52 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
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$360.83K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.75M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$163.34K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$266.61K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.75M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.90M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$454.47K	USD	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`	$52.98K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$25.65K	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`	$25.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$893.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$544.19K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.29M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.10M	USD	Point-in-time
Total Assets	`Assets`	$1.99M	USD	Point-in-time
Total Assets	`Assets`	$1.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$105.81K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.99K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$70.91K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$176.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$176.72K	USD	Point-in-time
Total Liabilities	`Liabilities`	$164.00K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,747,942 and 1,897,942 shares issued and outstanding at December 31, 2017 and September 30, 2017, respectively	`PreferredStockValue`	$1.75K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,747,942 and 1,897,942 shares issued and outstanding at December 31, 2017 and September 30, 2017, respectively	`PreferredStockValue`	$1.90K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 37,285,676 and 35,027,118 shares issued and outstanding at December 31, 2017 and September 30, 2017, respectively	`CommonStockValue`	$37.29K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 37,285,676 and 35,027,118 shares issued and outstanding at December 31, 2017 and September 30, 2017, respectively	`CommonStockValue`	$35.03K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.45M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.50M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.68M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.82M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.41M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.99M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.12M	USD	1 Quarter
Revenues	`Revenues`	$409.75K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$376.77K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$204.13K	USD	1 Quarter
Gross profit	`GrossProfit`	$205.62K	USD	1 Quarter
Gross profit	`GrossProfit`	$742.01K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$279.69K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$399.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$486.68K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$191.64K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$55.94K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$14.45K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$941.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$485.78K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-280.16K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-199.72K	USD	1 Quarter
Other income	`OtherIncome`	$20.70K	USD	1 Quarter
Other income	`OtherIncome`	$154.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$20.70K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$154.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-126.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-179.02K	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.80K	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-119.36K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-179.02K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.95M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.41M	shares	1 Quarter
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-126.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-179.02K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$55.94K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$14.45K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$69.09K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$61.65K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$17.50K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$187.70K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$99.92K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$258.74K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.34K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$243.80K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-20.77K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-8.36K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.18K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.14K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$28.91K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.20K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.04K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$182.16K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$142.51K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.09K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.09K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-142.51K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$143.01K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$143.01K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$182.65K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.95K	USD	1 Quarter
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$360.83K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$163.34K	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`	$360.83K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$163.34K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	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`	$500.00K	USD	1 Quarter
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$150.00K	USD	1 Quarter

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