10-K Filing

HYPHA LABS, INC. CIK: 1502966 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-019894`
Period End Date	20190930
Filing Date	20191231
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	digp-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 32 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Convertible notes payable, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	$41.43K	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`	$323.74K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$176.03K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.33M	shares	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.43M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$179.26K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.73K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$72.69K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.33M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$74.62K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.43M	shares	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
Deposits	`DepositsAssetsCurrent`	$51.70K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$629.32K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$442.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.36M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.25M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$726.61K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$957.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.25M	shares	Point-in-time
Total Assets	`Assets`	$1.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.36M	shares	Point-in-time
Total Assets	`Assets`	$1.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$136.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$325.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.24K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$134.88K	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$525.00	USD	Point-in-time
Current maturities of convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Current maturities of convertible notes payable	`ConvertibleNotesPayableCurrent`	$200.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$471.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.63K	USD	Point-in-time
Convertible notes payable, net of discounts of $41,426 and $-0- at September 30, 2019 and 2018, respectively	`ConvertibleLongTermNotesPayable`	$458.57K	USD	Point-in-time
Convertible notes payable, net of discounts of $41,426 and $-0- at September 30, 2019 and 2018, respectively	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$384.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$930.07K	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 September 30, 2019 and 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 September 30, 2019 and 2018, respectively	`PreferredStockValue`	$1.33K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 and 90,000,000 shares authorized; 48,361,433 and 42,245,364 shares issued and outstanding at September 30, 2019 and 2018, respectively	`CommonStockValue`	$42.24K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 and 90,000,000 shares authorized; 48,361,433 and 42,245,364 shares issued and outstanding at September 30, 2019 and 2018, respectively	`CommonStockValue`	$48.36K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.12M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.96M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.41M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$425.87K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.01M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.40M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.36M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.55M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.84M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$2.07M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$1.71M	USD	Annual
Gross profit	`GrossProfit`	$839.81K	USD	Annual
Gross profit	`GrossProfit`	$770.08K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.06M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.67M	USD	Annual
Professional fees	`ProfessionalFees`	$878.52K	USD	Annual
Professional fees	`ProfessionalFees`	$489.54K	USD	Annual
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$-17.28K	USD	3 Qtrs
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$-17.28K	USD	Annual
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$130.64K	USD	3 Qtrs
Bad debts expense (recoveries)	`ProvisionForDoubtfulAccounts`	$130.64K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.68M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.53M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.84M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.76M	USD	Annual
Other income	`OtherNonoperatingIncome`	$105.11K	USD	Annual
Other income	`OtherNonoperatingIncome`	$113.40K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-9.92K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$65.67K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$105.11K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$37.81K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.81M	USD	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.08M	shares	Annual
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.18M	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 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.81M	USD	Annual
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-17.28K	USD	3 Qtrs
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-17.28K	USD	Annual
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$130.64K	USD	3 Qtrs
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$130.64K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$260.64K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$277.29K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-9.92K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$333.72K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$452.54K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$186.94K	USD	Annual
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$439.85K	USD	Annual
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$29.54K	USD	Annual
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-116.16K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$47.16K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.06K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.93K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	-	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-26.06K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$203.87K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-189.25K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$16.23K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$76.64K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$525.00	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-525.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.41K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.04M	USD	Annual
Proceeds received on disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.03K	USD	Annual
Proceeds received on disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$207.35K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.11K	USD	Annual
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$95.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-135.07K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-207.35K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$700.00K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$368.61K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$625.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.32M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$368.61K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.15K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$147.71K	USD	Annual
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$323.74K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.18K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$323.74K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$4.07K	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`	$100.00K	USD	Annual
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$472.00K	USD	Annual
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$70.96K	USD	Annual
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$425.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Units of common stock and warrants sold for cash	`StockIssuedDuringPeriodValueOther`	$368.61K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$333.72K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$452.54K	USD	Annual
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalCommonStockOptionsIssuedForServices`	$186.94K	USD	Annual
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalCommonStockOptionsIssuedForServices`	$439.85K	USD	Annual
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
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	Annual
Common stock issued in exchange for termination of options	`StockIssuedDuringPeriodValueIssuedForExchangeTerminationOfOptions`	-	USD	Annual
Beneficial conversion feature of convertible debts	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$70.96K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.81M	USD	Annual
Balance	`StockholdersEquity`	$1.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$425.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time

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