10-K Filing

HYPHA LABS, INC. CIK: 1502966 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-018010`
Period End Date	20180930
Filing Date	20181227
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	digp-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 48 Stockholders Equity 18

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`	$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`	$176.03K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	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
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.43M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$167.73K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$73.75K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$72.69K	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
Common stock, shares issued	`CommonStockSharesIssued`	42.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$544.19K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$442.10K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.25M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$957.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.03M	shares	Point-in-time
Total Assets	`Assets`	$1.57M	USD	Point-in-time
Total Assets	`Assets`	$1.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$325.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.24K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$525.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$164.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$384.63K	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 September 30, 2018 and 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 September 30, 2018 and 2017, respectively	`PreferredStockValue`	$1.43K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 42,245,364 and 35,027,118 shares issued and outstanding at September 30, 2018 and 2017, respectively	`CommonStockValue`	$35.03K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 42,245,364 and 35,027,118 shares issued and outstanding at September 30, 2018 and 2017, respectively	`CommonStockValue`	$42.24K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.12M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.15M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.01M	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`	$1.40M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.90M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.84M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$904.17K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$2.07M	USD	Annual
Gross profit	`GrossProfit`	$770.08K	USD	Annual
Gross profit	`GrossProfit`	$994.01K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.45M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.26M	USD	Annual
Professional fees	`ProfessionalFees`	$1.00M	USD	Annual
Professional fees	`ProfessionalFees`	$1.09M	USD	Annual
Bad debts expense (recoveries)	`BadDebtsExpenseRecoveries`	$32.18K	USD	Annual
Bad debts expense (recoveries)	`BadDebtsExpenseRecoveries`	$-17.28K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.29M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.53M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.76M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.30M	USD	Annual
Other income	`OtherNonoperatingIncome`	$105.11K	USD	Annual
Other income	`OtherNonoperatingIncome`	$282.07K	USD	Annual
Loss on impairment of securities available-for-sale	`GoodwillAndIntangibleAssetImpairment`	$50.00K	USD	Annual
Loss on impairment of securities available-for-sale	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$105.11K	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$232.07K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.65M	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`	39.08M	shares	Annual
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-17.28K	USD	Annual
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$32.18K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$277.29K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$253.53K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$452.54K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$246.38K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$389.74K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$439.85K	USD	Annual
Realized loss on available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedLosses`	$50.00K	USD	Annual
Realized loss on available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedLosses`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-116.16K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$200.35K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$49.50K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.06K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$14.20K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-35.67K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$203.87K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$16.23K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-12.24K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-525.00	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.41K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-376.88K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$140.84K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$207.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-207.35K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$368.61K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$560.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$560.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$368.61K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.79K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.15K	USD	Annual
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$135.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$178.18K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$176.03K	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`	$176.03K	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`	$472.00K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.41M	USD	Point-in-time
Units of common stock and warrants sold for cash	`StockIssuedDuringPeriodValueOther`	$560.50K	USD	Annual
Units of common stock and warrants sold for cash	`StockIssuedDuringPeriodValueOther`	$368.61K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$246.38K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$452.54K	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$389.74K	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$439.85K	USD	Annual
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Realized loss on available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$40.80K	USD	Annual
Cashless exercise of options and warrants	`CashlessExerciseOfOptionsAndWarrants`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Balance	`StockholdersEquity`	$1.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.41M	USD	Point-in-time

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