10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-007119`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	digp-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 60 Cash Flow Statement 54

Balance Sheet 54 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`	$236.36K	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`	$277.56K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.43M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$240.04K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.43M	shares	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
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`	$69.26K	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
Deposits	`DepositsAssetsCurrent`	$25.65K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$571.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$544.19K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.03M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.07M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.74M	shares	Point-in-time
Total Assets	`Assets`	$1.64M	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`	$278.11K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$53.89K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$1.80K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$333.79K	USD	Point-in-time
Total Liabilities	`Liabilities`	$164.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$333.79K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,425,942 and 1,897,942 shares issued and outstanding at March 31, 2018 and September 30, 2017, respectively	`PreferredStockValue`	$1.90K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,425,942 and 1,897,942 shares issued and outstanding at March 31, 2018 and September 30, 2017, respectively	`PreferredStockValue`	$1.43K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 39,739,264 and 35,027,118 shares issued and outstanding at March 31, 2018 and September 30, 2017, respectively	`CommonStockValue`	$35.03K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 39,739,264 and 35,027,118 shares issued and outstanding at March 31, 2018 and September 30, 2017, respectively	`CommonStockValue`	$39.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.87M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-12.38M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.50M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.31M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.41M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.64M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$497.05K	USD	1 Quarter
Revenues	`Revenues`	$1.70M	USD	2 Qtrs
Revenues	`Revenues`	$906.80K	USD	2 Qtrs
Revenues	`Revenues`	$583.07K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.04M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$221.01K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$665.86K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$425.14K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$659.23K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$276.04K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-82.78K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$481.66K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$747.51K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$348.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$327.38K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$607.07K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$249.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$735.79K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$273.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$465.59K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$18.75K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$4.30K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$98.24K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$42.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$605.64K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$639.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.09M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.58M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-722.60K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-922.31K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-329.60K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-609.76K	USD	2 Qtrs
Other income	`OtherIncome`	$106.00K	USD	1 Quarter
Other income	`OtherIncome`	$260.00K	USD	2 Qtrs
Other income	`OtherIncome`	$42.90K	USD	2 Qtrs
Other income	`OtherIncome`	$22.20K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$22.20K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$42.90K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$106.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$260.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-700.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-879.41K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-223.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-349.76K	USD	2 Qtrs
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-280.00	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.52K	USD	2 Qtrs
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-343.24K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-879.41K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-223.88K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-700.40K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.98M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.96M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.17M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.06M	shares	1 Quarter
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-700.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-879.41K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-223.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-349.76K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$18.75K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$4.30K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$98.24K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$42.30K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$123.07K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$141.70K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$289.70K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$123.03K	USD	2 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$199.84K	USD	2 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$348.71K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$92.28K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$71.67K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-4.49K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.94K	USD	2 Qtrs
Deposits	`IncreaseDecreaseInDeposits`	-	USD	2 Qtrs
Deposits	`IncreaseDecreaseInDeposits`	$14.20K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$156.11K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-104.44K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-22.54K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$11.88K	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.80K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.55K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.06K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.77K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$186.37K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-186.37K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.77K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$143.01K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$250.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$143.01K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$58.19K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$142.17K	USD	2 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$236.36K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$277.56K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$236.36K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$277.56K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`NetChangeInUnrealizedGainLossOnAvailableforsaleSecurities`	-	USD	2 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`NetChangeInUnrealizedGainLossOnAvailableforsaleSecurities`	$6.52K	USD	2 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$472.00K	USD	2 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$1.23M	USD	2 Qtrs

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