10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-002273`
Period End Date	20191231
Filing Date	20200214
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	digp-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 28 Cash Flow Statement 68 Stockholders Equity 16

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable discounts current	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Convertible notes payable discounts current	`DebtInstrumentUnamortizedDiscountCurrent`	$33.10K	USD	Point-in-time
Convertible notes payable discounts noncurrent	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Convertible notes payable discounts noncurrent	`DebtInstrumentUnamortizedDiscountNoncurrent`	$41.43K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$323.74K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$68.66K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$179.26K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$282.07K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$74.62K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$54.96K	USD	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`	1.33M	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`	1.33M	shares	Point-in-time
Inventory	`InventoryNet`	$37.90K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$51.70K	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$629.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$469.23K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.36M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.53M	shares	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$289.87K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$726.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.53M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.36M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.14M	USD	Point-in-time
Total Assets	`Assets`	$1.90M	USD	Point-in-time
Total Assets	`Assets`	$1.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$136.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$214.45K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$85.93K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$134.88K	USD	Point-in-time
Short term advances	`ShortTermBorrowings`	-	USD	Point-in-time
Short term advances	`ShortTermBorrowings`	$25.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$196.07K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$29.77K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Current maturities of note payable	`NotesPayableCurrent`	$52.03K	USD	Point-in-time
Current maturities of note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable, net of discounts of $33,105 and $-0- at December 31, 2019 and September 30, 2019, respectively	`ConvertibleNotesPayableCurrent`	$200.00K	USD	Point-in-time
Convertible notes payable, net of discounts of $33,105 and $-0- at December 31, 2019 and September 30, 2019, respectively	`ConvertibleNotesPayableCurrent`	$666.89K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$471.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$94.78K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$43.58K	USD	Point-in-time
Note payable, equipment financing	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable, equipment financing	`LongTermNotesPayable`	$239.90K	USD	Point-in-time
Convertible notes payable, net of discounts of $-0- and $41,426 at December 31, 2019 and September 30, 2019, respectively	`ConvertibleLongTermNotesPayable`	$458.57K	USD	Point-in-time
Convertible notes payable, net of discounts of $-0- and $41,426 at December 31, 2019 and September 30, 2019, respectively	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$930.07K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.65M	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,325,942 shares issued and outstanding	`PreferredStockValue`	$1.33K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,325,942 shares issued and outstanding	`PreferredStockValue`	$1.33K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 48,532,666 and 48,361,433 shares issued and outstanding at December 31, 2019 and September 30, 2019, respectively	`CommonStockValue`	$48.53K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 48,532,666 and 48,361,433 shares issued and outstanding at December 31, 2019 and September 30, 2019, respectively	`CommonStockValue`	$48.36K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.37M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-15.18M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.96M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$247.87K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$425.87K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$779.20K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.90M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.36M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$642.12K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$808.93K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$482.32K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$405.48K	USD	1 Quarter
Gross profit	`GrossProfit`	$159.79K	USD	1 Quarter
Gross profit	`GrossProfit`	$403.45K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$388.43K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$390.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$246.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$183.63K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$24.57K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$43.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$615.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$661.62K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-211.87K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-501.82K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$21.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$50.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.75K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-8.56K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$39.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-462.17K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.37M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.71M	shares	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-220.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-462.17K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$24.57K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$43.25K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$70.87K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$64.38K	USD	1 Quarter
Stock issued for services	`StockIssuedForServices`	$24.75K	USD	1 Quarter
Stock issued for services	`StockIssuedForServices`	$149.28K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$6.56K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$17.68K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$8.32K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$4.85K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$146.06K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$107.58K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-19.66K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-15.43K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$37.90K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-26.06K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-47.38K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$77.84K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-47.45K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-15.32K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-48.95K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	-	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-46.40K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.23K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-366.24K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.92K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$90.31K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$50.00K	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.31K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.00K	USD	1 Quarter
Proceeds from short term advances	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Proceeds from short term advances	`ProceedsFromShortTermDebt`	$25.00K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$25.84K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$500.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-843.00	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$500.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$83.76K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-255.08K	USD	1 Quarter
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$259.79K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$323.74K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$68.66K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$259.79K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$323.74K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$68.66K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.03K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$7.12K	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Fixed assets acquired with capitalized finance lease	`FixedAssetsAcquiredWithCapitalizedFinanceLease`	$99.19K	USD	1 Quarter
Fixed assets acquired with capitalized finance lease	`FixedAssetsAcquiredWithCapitalizedFinanceLease`	-	USD	1 Quarter
Fixed assets acquired with note payable, equipment financing	`FixedAssetsAcquiredWithNotePayableEquipmentFinancing`	$291.93K	USD	1 Quarter
Fixed assets acquired with note payable, equipment financing	`FixedAssetsAcquiredWithNotePayableEquipmentFinancing`	-	USD	1 Quarter
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	$100.00K	USD	1 Quarter
Value of preferred stock converted to common stock	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Beneficial conversion feature of convertible notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$70.96K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$247.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$425.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$779.20K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$24.75K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$149.28K	USD	1 Quarter
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalCommonStockOptionsIssuedForServices`	$6.56K	USD	1 Quarter
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalCommonStockOptionsIssuedForServices`	$17.68K	USD	1 Quarter
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Beneficial conversion feature of convertible debts	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$70.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-462.17K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$247.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$425.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$779.20K	USD	Point-in-time

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