10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-011628`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	digp-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 60 Cash Flow Statement 52

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`	$40.07K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.90M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$113.96K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	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`	$200.87K	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`	1.43M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$67.73K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$73.75K	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
Deposits	`DepositsAssetsCurrent`	$25.65K	USD	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 authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.03M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$334.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$544.19K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.01M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.90M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Total Assets	`Assets`	$1.34M	USD	Point-in-time
Total Assets	`Assets`	$1.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$196.23K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.99K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.89K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.77K	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`	$229.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$164.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$229.90K	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 June 30, 2018 and September 30, 2017, respectively	`PreferredStockValue`	$1.43K	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 June 30, 2018 and September 30, 2017, respectively	`PreferredStockValue`	$1.90K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 40,897,568 and 35,027,118 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively	`CommonStockValue`	$40.90K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 40,897,568 and 35,027,118 shares issued and outstanding at June 30, 2018 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`	$13.95M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-12.88M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.11M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.41M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.34M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.30M	USD	3 Qtrs
Revenues	`Revenues`	$521.77K	USD	1 Quarter
Revenues	`Revenues`	$2.22M	USD	3 Qtrs
Revenues	`Revenues`	$389.31K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.56M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$520.89K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$215.73K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$640.87K	USD	3 Qtrs
Gross profit	`GrossProfit`	$173.59K	USD	1 Quarter
Gross profit	`GrossProfit`	$884.00	USD	1 Quarter
Gross profit	`GrossProfit`	$655.24K	USD	3 Qtrs
Gross profit	`GrossProfit`	$660.11K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$907.99K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$360.69K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$300.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.11M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$228.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$745.44K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$964.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$279.84K	USD	1 Quarter
Bad debts expense (recoveries)	`BadDebtsExpenseRecoveries`	$23.15K	USD	3 Qtrs
Bad debts expense (recoveries)	`BadDebtsExpenseRecoveries`	$53.04K	USD	3 Qtrs
Bad debts expense (recoveries)	`BadDebtsExpenseRecoveries`	$4.40K	USD	1 Quarter
Bad debts expense (recoveries)	`BadDebtsExpenseRecoveries`	$-45.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$543.97K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.68M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$585.16K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.13M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-543.09K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-411.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.47M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.02M	USD	3 Qtrs
Other income	`OtherIncome`	$263.00K	USD	3 Qtrs
Other income	`OtherIncome`	$43.01K	USD	1 Quarter
Other income	`OtherIncome`	$85.91K	USD	3 Qtrs
Other income	`OtherIncome`	$3.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$85.91K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$263.00K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$43.01K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-500.07K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.58K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-758.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.56K	USD	3 Qtrs
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.08K	USD	1 Quarter
Change in net unrealized loss (net of tax effect)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.38M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-760.90K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-417.66K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-500.07K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.85M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.24M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.54M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.37M	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
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-500.07K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.58K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-758.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$53.04K	USD	3 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$30.65K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$186.92K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$213.22K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$377.20K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$224.29K	USD	3 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$299.76K	USD	3 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$438.68K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.43K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.71K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.02K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.40K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDeposits`	-	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDeposits`	$14.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$74.24K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.24K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.11K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-33.95K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$2.77K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-184.53K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-212.71K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$194.01K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.89K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-194.01K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-136.89K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$300.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$268.61K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$268.61K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.43K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-138.11K	USD	3 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$40.07K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$113.96K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$40.07K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$113.96K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`NetChangeInUnrealizedGainLossOnAvailableforsaleSecurities`	$-2.56K	USD	3 Qtrs
Net change in unrealized gain (loss) on available-for-sale securities	`NetChangeInUnrealizedGainLossOnAvailableforsaleSecurities`	-	USD	3 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$472.00K	USD	3 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$1.37M	USD	3 Qtrs

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