10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-003683`
Period End Date	20201231
Filing Date	20210212
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	digp-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 28 Cash Flow Statement 66 Stockholders Equity 16

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable discounts non-current	`DebtInstrumentUnamortizedDiscountNoncurrent`	$8.32K	USD	Point-in-time
Convertible notes payable discounts non-current	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Convertible notes payable discounts non-current	`DebtInstrumentUnamortizedDiscountNoncurrent`	$8.32K	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`	$79.07K	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`	$82.75K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.33M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$242.15K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$130.26K	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.33M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$53.67K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.33M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$45.22K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.33M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$18.68K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$18.68K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$273.23K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$397.24K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.27M	shares	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$505.71K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$483.20K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.27M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$802.14K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.07M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$885.40K	USD	Point-in-time
Total Assets	`Assets`	$1.79M	USD	Point-in-time
Total Assets	`Assets`	$1.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$387.95K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.09K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$159.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$163.15K	USD	Point-in-time
Short term advances	`ShortTermBorrowings`	$50.11K	USD	Point-in-time
Short term advances	`ShortTermBorrowings`	$50.11K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$84.73K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$86.89K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$34.05K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$32.53K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$54.32K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$55.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$846.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$772.79K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$423.75K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$401.17K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$11.91K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$20.38K	USD	Point-in-time
Notes payable	`NotesPayableToBankNoncurrent`	$404.83K	USD	Point-in-time
Notes payable	`NotesPayableToBankNoncurrent`	$418.91K	USD	Point-in-time
Convertible notes payable, net of discounts of $-0- and $8,322 at December 31, 2020 and September 30, 2020, respectively	`ConvertibleLongTermNotesPayable`	$1.20M	USD	Point-in-time
Convertible notes payable, net of discounts of $-0- and $8,322 at December 31, 2020 and September 30, 2020, respectively	`ConvertibleLongTermNotesPayable`	$1.24M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.02M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.86M	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; 64,065,390 and 58,270,567 shares issued and outstanding at December 31, 2020 and September 30, 2020, respectively	`CommonStockValue`	$64.06K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 64,065,390 and 58,270,567 shares issued and outstanding at December 31, 2020 and September 30, 2020, respectively	`CommonStockValue`	$58.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.28M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-17.27M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-17.66M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-1.31M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$425.87K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$247.87K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.79M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.56M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$808.93K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$500.38K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$405.48K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$420.88K	USD	1 Quarter
Gross profit	`GrossProfit`	$403.45K	USD	1 Quarter
Gross profit	`GrossProfit`	$79.50K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$388.43K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$225.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$183.63K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$114.54K	USD	1 Quarter
Bad debts expense	`ProvisionForDoubtfulAccounts`	$88.17K	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`	$427.76K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-211.87K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-348.26K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$21.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$42.37K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.56K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-8.56K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-42.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-390.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.43K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	58.42M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.37M	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 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-390.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.43K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$88.17K	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`	$83.27K	USD	1 Quarter
Stock issued for services	`StockIssuedForServices`	$27.00K	USD	1 Quarter
Stock issued for services	`StockIssuedForServices`	$24.75K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$17.68K	USD	1 Quarter
Options and warrants granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$17.06K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$8.32K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$8.32K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$146.06K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.72K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-19.66K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-8.45K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$37.90K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-26.06K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-22.51K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-47.38K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$72.14K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$77.84K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-48.95K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.27K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-20.42K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-46.40K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.69K	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
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.31K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from short term advances	`ProceedsFromBankDebt`	-	USD	1 Quarter
Proceeds from short term advances	`ProceedsFromBankDebt`	$25.00K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$25.84K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$6.95K	USD	1 Quarter
Principal payments on note payable, equipment financing	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Principal payments on note payable, equipment financing	`RepaymentsOfNotesPayable`	$13.29K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$60.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$20.25K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.02K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-843.00	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.68K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-255.08K	USD	1 Quarter
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$323.74K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$82.75K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$79.07K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$68.66K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$323.74K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$82.75K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$79.07K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$68.66K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$14.18K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$7.12K	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`	-	USD	1 Quarter
Fixed assets acquired with capitalized finance lease	`FixedAssetsAcquiredWithCapitalizedFinanceLease`	$99.19K	USD	1 Quarter
Fixed assets acquired with note payable, equipment financing	`FixedAssetsAcquiredWithNotePayableEquipmentFinancing`	-	USD	1 Quarter
Fixed assets acquired with note payable, equipment financing	`FixedAssetsAcquiredWithNotePayableEquipmentFinancing`	$291.93K	USD	1 Quarter
Value of shares issued for conversion of debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Value of shares issued for conversion of debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	$110.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$425.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$247.87K	USD	Point-in-time
Common stock sold for cash	`StockIssuedDuringPeriodValueOther`	$20.25K	USD	1 Quarter
Common stock issued for debt conversions	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$110.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$27.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$24.75K	USD	1 Quarter
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$17.06K	USD	1 Quarter
Common stock options issued for services	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$17.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-390.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.43K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$425.87K	USD	Point-in-time
Balance	`StockholdersEquity`	$247.87K	USD	Point-in-time

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