10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-012125`
Period End Date	20190630
Filing Date	20190813
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	digp-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 57 Cash Flow Statement 59 Stockholders Equity 22

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	$49.75K	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`	$176.03K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$286.37K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.73K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.33M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$185.83K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.43M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.43M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$98.34K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.33M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$72.69K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$25.65K	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
Total current assets	`AssetsCurrent`	$596.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	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 issued	`CommonStockSharesIssued`	48.16M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$792.78K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.25M	shares	Point-in-time
Total Assets	`Assets`	$1.39M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.25M	shares	Point-in-time
Total Assets	`Assets`	$1.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$161.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$325.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.09K	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`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$218.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.63K	USD	Point-in-time
Convertible notes payable, net of discounts of $49,747 and $-0- at June 30, 2019 and September 30, 2018, respectively	`ConvertibleLongTermNotesPayable`	$450.25K	USD	Point-in-time
Convertible notes payable, net of discounts of $49,747 and $-0- at June 30, 2019 and September 30, 2018, respectively	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$384.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$668.26K	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 June 30, 2019 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 June 30, 2019 and September 30, 2018, respectively	`PreferredStockValue`	$1.33K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 and 90,000,000 shares authorized; 48,155,550 and 42,245,364 shares issued and outstanding; at June 30, 2019 and September 30, 2018, respectively	`CommonStockValue`	$48.16K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 and 90,000,000 shares authorized; 48,155,550 and 42,245,364 shares issued and outstanding; at June 30, 2019 and September 30, 2018, respectively	`CommonStockValue`	$42.24K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.12M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.55M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.15M	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 Stockholders' Equity	`StockholdersEquity`	$720.70K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.40M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.39M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$652.92K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.22M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$521.77K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.95M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.33M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.56M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$424.07K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$520.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$612.37K	USD	3 Qtrs
Gross profit	`GrossProfit`	$884.00	USD	1 Quarter
Gross profit	`GrossProfit`	$660.11K	USD	3 Qtrs
Gross profit	`GrossProfit`	$228.85K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$431.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$360.69K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.11M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.24M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$228.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$677.30K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$195.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$964.27K	USD	3 Qtrs
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$-45.20K	USD	1 Quarter
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$53.04K	USD	3 Qtrs
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$93.34K	USD	1 Quarter
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$143.17K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.06M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$720.03K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.13M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$543.97K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.45M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-491.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.47M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-543.09K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$43.01K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$92.40K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$85.91K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$19.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$46.96K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$85.91K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$43.01K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$45.44K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$1.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-489.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-500.07K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.37M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.51M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.93M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.24M	shares	3 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-489.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-500.07K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-45.20K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$53.04K	USD	3 Qtrs
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$93.34K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$143.17K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$213.22K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$194.59K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$276.01K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$377.20K	USD	3 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$137.41K	USD	3 Qtrs
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$438.68K	USD	3 Qtrs
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$21.22K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$66.27K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.71K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-6.02K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$25.65K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-163.95K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$74.24K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.15K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.11K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$2.77K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-525.00	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-212.71K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-889.40K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.26K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$194.01K	USD	3 Qtrs
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$95.00K	USD	3 Qtrs
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.26K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-194.01K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$500.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$268.61K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$625.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$268.61K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-138.11K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$110.34K	USD	3 Qtrs
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.07K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$286.37K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.07K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$286.37K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$4.07K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$100.00K	USD	3 Qtrs
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$472.00K	USD	3 Qtrs
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	3 Qtrs
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$70.96K	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$720.70K	USD	Point-in-time
Units of common stock and warrants sold for cash	`StockIssuedDuringPeriodValueOther`	$368.61K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$452.54K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$276.01K	USD	3 Qtrs
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalCommonStockOptionsIssuedForServices`	$439.85K	USD	Annual
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalCommonStockOptionsIssuedForServices`	$137.41K	USD	3 Qtrs
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	3 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	3 Qtrs
Common stock issued in exchange for termination of options	`StockIssuedDuringPeriodValueIssuedForExchangeTerminationOfOptions`	-	USD	3 Qtrs
Beneficial conversion feature of convertible debts	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$70.96K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.38M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-489.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-500.07K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$720.70K	USD	Point-in-time

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