10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-002108`
Period End Date	20181231
Filing Date	20190214
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	digp-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 28 Cash Flow Statement 54

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	$66.12K	USD	Point-in-time
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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$259.79K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$176.03K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$250.75K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.43M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.73K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.33M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.43M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.33M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$72.69K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$57.26K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableGrossCurrent`	$50.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableGrossCurrent`	-	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	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`	$442.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$643.44K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.76M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$892.73K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$957.11K	USD	Point-in-time
Total Assets	`Assets`	$1.40M	USD	Point-in-time
Total Assets	`Assets`	$1.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$278.41K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$325.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.92K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.24K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$1.75K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$525.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$323.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.63K	USD	Point-in-time
Convertible notes payable, net of discounts of $66,118 and $-0- at December 31, 2018 and September 30, 2018, respectively	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible notes payable, net of discounts of $66,118 and $-0- at December 31, 2018 and September 30, 2018, respectively	`ConvertibleLongTermNotesPayable`	$433.88K	USD	Point-in-time
Total Liabilities	`Liabilities`	$384.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$756.96K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,325,942 and 1,425,942 shares issued and outstanding at December 31, 2018 and September 30, 2018, respectively	`PreferredStockValue`	$1.43K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,325,942 and 1,425,942 shares issued and outstanding at December 31, 2018 and September 30, 2018, respectively	`PreferredStockValue`	$1.33K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 43,757,277 and 42,245,364 shares issued and outstanding at December 31, 2018 and September 30, 2018, respectively	`CommonStockValue`	$43.76K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 43,757,277 and 42,245,364 shares issued and outstanding at December 31, 2018 and September 30, 2018, respectively	`CommonStockValue`	$42.24K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.35M	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`	$-13.61M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$779.20K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.40M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.54M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.12M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$642.12K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$482.32K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$376.77K	USD	1 Quarter
Gross profit	`GrossProfit`	$742.01K	USD	1 Quarter
Gross profit	`GrossProfit`	$159.79K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$390.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$399.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$246.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$486.68K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$24.57K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$55.94K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$661.62K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$941.73K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-199.72K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-501.82K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$50.40K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$20.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.75K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$39.65K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$20.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-462.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-179.02K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.71M	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 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-462.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-179.02K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$24.57K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$55.94K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$64.38K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$69.09K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$149.28K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$187.70K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$6.56K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$258.74K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$4.85K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$107.58K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$243.80K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-20.77K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-15.43K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-47.45K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.18K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$28.91K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-15.32K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.23K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$182.16K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-366.24K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$142.51K	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$50.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-142.51K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$500.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$143.01K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$143.01K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$500.00K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$83.76K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$182.65K	USD	1 Quarter
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$360.83K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$259.79K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$360.83K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$259.79K	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`	$150.00K	USD	1 Quarter
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$100.00K	USD	1 Quarter
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$70.96K	USD	1 Quarter
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter

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