10-Q/A Filing

HYPHA LABS, INC. CIK: 1502966 Q2 2019

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-19-007667`
Period End Date	20190331
Filing Date	20190516
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	digp-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 57 Cash Flow Statement 59 Stockholders Equity 23

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	$57.98K	USD	Point-in-time
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$514.02K	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`	$176.03K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.73K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.43M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$190.45K	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`	1.33M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.43M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$72.69K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$124.23K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableGrossCurrent`	$95.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableGrossCurrent`	-	USD	Point-in-time
Common stock, 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`	$949.35K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$442.10K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$957.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.61M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.25M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$829.71K	USD	Point-in-time
Total Assets	`Assets`	$1.78M	USD	Point-in-time
Total Assets	`Assets`	$1.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$325.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$176.62K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$63.60K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.24K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$525.00	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$500.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$240.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.63K	USD	Point-in-time
Convertible notes payable, net of discounts of $57,978 and $-0- at March 31, 2019 and September 30, 2018, respectively	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible notes payable, net of discounts of $57,978 and $-0- at March 31, 2019 and September 30, 2018, respectively	`ConvertibleLongTermNotesPayable`	$442.02K	USD	Point-in-time
Total Liabilities	`Liabilities`	$384.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$682.75K	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 March 31, 2019 and September 30, 2018, respectively	`PreferredStockValue`	$1.33K	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 March 31, 2019 and September 30, 2018, respectively	`PreferredStockValue`	$1.43K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 47,609,716 and 42,245,364 shares issued and outstanding at March 31, 2019 and September 30, 2018, respectively	`CommonStockValue`	$47.61K	USD	Point-in-time
Common stock, $0.001 par value, 90,000,000 shares authorized; 47,609,716 and 42,245,364 shares issued and outstanding at March 31, 2019 and September 30, 2018, respectively	`CommonStockValue`	$42.24K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.11M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.06M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.10M	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`	$1.78M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.40M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$583.07K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$651.55K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.29M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.70M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$427.83K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$910.15K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.04M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$665.86K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-82.78K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$659.23K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$383.52K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$223.72K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$747.51K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$348.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$418.50K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$808.98K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$482.25K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$235.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$249.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$735.79K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$98.24K	USD	2 Qtrs
Bad debts expense	`ProvisionForDoubtfulAccounts`	$25.27K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$42.30K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$49.83K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.34M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$679.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$639.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.58M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-922.31K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-957.53K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-455.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-722.60K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$22.20K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$72.65K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$42.90K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$22.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$28.76K	USD	2 Qtrs
Interest expense	`InterestExpense`	$18.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$22.20K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$4.25K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$43.89K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$42.90K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-451.46K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-913.64K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-879.41K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-700.40K	USD	1 Quarter
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`	44.30M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.92M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.17M	shares	2 Qtrs
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	2 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-451.46K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-913.64K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-879.41K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-700.40K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$98.24K	USD	2 Qtrs
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$25.27K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$42.30K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$49.83K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$128.77K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$141.70K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$210.62K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$289.70K	USD	2 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$88.79K	USD	2 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$348.71K	USD	2 Qtrs
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$12.99K	USD	2 Qtrs
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$72.55K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$71.67K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.49K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-51.54K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-149.24K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$156.11K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.36K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$11.88K	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-25.00	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.80K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-690.63K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.55K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.38K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$186.37K	USD	2 Qtrs
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	2 Qtrs
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$95.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.38K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-186.37K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$500.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$143.01K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$625.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$143.01K	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$337.99K	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$58.19K	USD	2 Qtrs
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$514.02K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$236.36K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$514.02K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$236.36K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$4.07K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	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`	$100.00K	USD	2 Qtrs
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$70.96K	USD	2 Qtrs
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.10M	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`	$368.61K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$210.62K	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$452.54K	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$439.85K	USD	Annual
Common stock options issued for services	`StockOptionIssuedForServices`	$88.79K	USD	2 Qtrs
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	2 Qtrs
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Cashless exercise of options and warrants	`CashlessExerciseOfOptionsAndWarrants`	-	USD	Annual
Common stock sold for cash	`StockIssuedDuringPeriodValueNewIssues`	$625.00K	USD	2 Qtrs
Common stock issued in exchange for termination of options	`StockIssuedDuringPeriodValueIssuedForExchangeTerminationOfOptions`	-	USD	2 Qtrs
Beneficial conversion feature of convertible debts	`DebtInstrumentConvertibleBeneficialConversionFeature`	$70.96K	USD	2 Qtrs
Beneficial conversion feature of convertible debts	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-451.46K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-913.64K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-879.41K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-700.40K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.10M	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.