10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-004537`
Period End Date	20211231
Filing Date	20220214
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 28 Cash Flow Statement 65 Stockholders Equity 16

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$295.93K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$90.31K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$330.40K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$214.90K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$24.75K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$25.14K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$230.93K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$648.81K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.49K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$60.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$826.87K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$390.15K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$413.88K	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
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$647.25K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$591.26K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	6.00M	shares	Point-in-time
Total non -current assets	`AssetsNoncurrent`	$981.41K	USD	Point-in-time
Total non -current assets	`AssetsNoncurrent`	$1.06M	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	6.00M	shares	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.33M	shares	Point-in-time
Total Assets	`Assets`	$1.89M	USD	Point-in-time
Total Assets	`Assets`	$2.12M	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	1.05M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.05M	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.33M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$370.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$368.03K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$220.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	72.73M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$266.96K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	71.23M	shares	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$95.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	72.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	71.23M	shares	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$93.60K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$11.91K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$20.38K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$259.43K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$439.61K	USD	Point-in-time
Current maturities of convertible notes payable	`ConvertibleDebtCurrent`	$1.05M	USD	Point-in-time
Current maturities of convertible notes payable	`ConvertibleDebtCurrent`	$1.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.46M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$305.25K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$330.15K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$545.19K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$339.52K	USD	Point-in-time
Convertible notes payable, net of discounts and current maturities	`ConvertibleDebtNoncurrent`	$257.28K	USD	Point-in-time
Convertible notes payable, net of discounts and current maturities	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$926.95K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$850.43K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.31M	USD	Point-in-time
Series B convertible preferred stock, $0.001 par value, 1,500,000 shares authorized; 333,600 and zero shares issued and outstanding as of December 31, 2021 and September 30, 2021 respectively	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	-	USD	Point-in-time
Series B convertible preferred stock, $0.001 par value, 1,500,000 shares authorized; 333,600 and zero shares issued and outstanding as of December 31, 2021 and September 30, 2021 respectively	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$333.60K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 6,000,000 shares authorized; 1,047,942 and 1,325,942 shares issued and outstanding as of December 31, 2021 and September 30, 2021, respectively	`PreferredStockValue`	$1.05K	USD	Point-in-time
Series A convertible preferred stock, $0.001 par value, 6,000,000 shares authorized; 1,047,942 and 1,325,942 shares issued and outstanding as of December 31, 2021 and September 30, 2021, respectively	`PreferredStockValue`	$1.33K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 72,730,153 and 71,230,153 shares issued and outstanding at December 31, 2021 and September 30 2021, respectively	`CommonStockValue`	$72.73K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 72,730,153 and 71,230,153 shares issued and outstanding at December 31, 2021 and September 30 2021, respectively	`CommonStockValue`	$71.23K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.24M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.31M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.05M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.89M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$2.12M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$699.59K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$500.38K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$420.88K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$422.60K	USD	1 Quarter
Gross profit	`GrossProfit`	$276.98K	USD	1 Quarter
Gross profit	`GrossProfit`	$79.50K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$240.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$225.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$268.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$114.54K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.14K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$88.17K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$427.76K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$507.30K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-348.26K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-230.31K	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$9.38K	USD	1 Quarter
Interest expense	`InterestExpense`	$69.39K	USD	1 Quarter
Interest expense	`InterestExpense`	$42.37K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-60.01K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-42.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-290.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-390.64K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.39M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	58.42M	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 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-290.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-390.64K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.14K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$88.17K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$58.47K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$83.27K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$98.68K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$44.06K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$19.77K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$8.32K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$113.36K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.72K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-8.45K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-6.98K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$390.00	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-23.73K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-22.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.95K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$72.14K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$46.96K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.27K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-20.42K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-22.58K	USD	1 Quarter
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.69K	USD	1 Quarter
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-177.16K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.48K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$406.00K	USD	1 Quarter
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-408.48K	USD	1 Quarter
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$6.95K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$8.47K	USD	1 Quarter
Principal payments on note payable, equipment financing	`PrincipalPaymentsOnNotePayableEquipmentFinancing`	$14.14K	USD	1 Quarter
Principal payments on note payable, equipment financing	`PrincipalPaymentsOnNotePayableEquipmentFinancing`	$13.29K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$400.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$60.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Payments on convertible notes	`RepaymentsOfConvertibleDebt`	$57.98K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$20.25K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$55.60K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.02K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$380.01K	USD	1 Quarter
Net (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-205.63K	USD	1 Quarter
Net (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.68K	USD	1 Quarter
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$82.75K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$295.93K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$90.31K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$79.07K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$82.75K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$295.93K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$90.31K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$79.07K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$27.60K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$14.18K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Common stock issued for debt conversion	`CommonStockIssuedForDebtConversion`	-	USD	1 Quarter
Common stock issued for debt conversion	`CommonStockIssuedForDebtConversion`	$110.00K	USD	1 Quarter
Conversion of Series A preferred into Series B preferred	`ConversionOfSeriesPreferredIntoSeriesBPreferred`	$278.00K	USD	1 Quarter
Conversion of Series A preferred into Series B preferred	`ConversionOfSeriesPreferredIntoSeriesBPreferred`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.31M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.05M	USD	Point-in-time
Common stock sold for cash	`StockIssuedDuringPeriodValueOther`	$20.25K	USD	1 Quarter
Common stock issued for debt conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$110.00K	USD	1 Quarter
Purchase of Series B Preferred shares	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Conversion of Series A Preferred into Series B Preferred	`StockIssuedDuringPeriodValueConversionOfUnits`	$-278.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$98.68K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$44.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-290.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-390.64K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-1.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.31M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.05M	USD	Point-in-time

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