10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-004973`
Period End Date	20221231
Filing Date	20230214
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 34 Cash Flow Statement 76 Stockholders Equity 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$56.17K	USD	Point-in-time
Cash	`Cash`	$155.83K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$301.87K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$335.08K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$25.14K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$20.70K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$100.00K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.85K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.71K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$508.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$562.10K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$291.87K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$316.96K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$378.81K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$460.82K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$777.78K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$670.67K	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
Total Assets	`Assets`	$1.18M	USD	Point-in-time
Total Assets	`Assets`	$1.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.15M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$550.47K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$571.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$378.37K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$420.03K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$105.65K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$100.69K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$726.80K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$725.92K	USD	Point-in-time
Current maturities of convertible notes payable, net of discounts	`ConvertibleDebtCurrent`	$1.20M	USD	Point-in-time
Current maturities of convertible notes payable, net of discounts	`ConvertibleDebtCurrent`	$150.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.97M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$229.82K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$199.60K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$64.64K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$80.43K	USD	Point-in-time
Convertible notes payable related parties, net of discounts	`NotesPayableRelatedPartiesNoncurrent`	$317.60K	USD	Point-in-time
Convertible notes payable related parties, net of discounts	`NotesPayableRelatedPartiesNoncurrent`	$310.27K	USD	Point-in-time
Convertible notes payable, net of discounts and current maturities	`ConvertibleDebtNoncurrent`	$1.17M	USD	Point-in-time
Convertible notes payable, net of discounts and current maturities	`ConvertibleDebtNoncurrent`	$174.73K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.75M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$795.25K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.73M	USD	Point-in-time
Series B convertible preferred stock, $0.001 par value, 1,500,000 shares authorized; 333,600 shares issued and outstanding as of December 31, 2022 and September 30, 2022	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$333.60K	USD	Point-in-time
Series B convertible preferred stock, $0.001 par value, 1,500,000 shares authorized; 333,600 shares issued and outstanding as of December 31, 2022 and September 30, 2022	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$333.60K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 82,296,820 and 75,146,820 shares issued and outstanding at December 31, 2022 and September 30, 2022, respectively	`CommonStockValue`	$75.15K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 82,296,820 and 75,146,820 shares issued and outstanding at December 31, 2022 and September 30, 2022, respectively	`CommonStockValue`	$82.30K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$71.75K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.01M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.05M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.34M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.18M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$726.75K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$699.59K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$422.83K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$422.60K	USD	1 Quarter
Gross profit	`GrossProfit`	$276.98K	USD	1 Quarter
Gross profit	`GrossProfit`	$303.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$240.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$306.48K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$69.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$255.75K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$13.69K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$390.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$494.57K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-86.22K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-217.59K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$55.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	-	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`	$99.11K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-60.01K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-154.11K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-240.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-277.60K	USD	1 Quarter
Preferred deemed dividend	`PreferredStockDividendsIncomeStatementImpact`	$192.15K	USD	1 Quarter
Preferred deemed dividend	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-469.76K	USD	1 Quarter
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-240.33K	USD	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	72.39M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and fully diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	82.22M	shares	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-240.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-277.60K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$13.69K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.14K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$35.76K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$58.47K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.31K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$85.96K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$48.92K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$19.77K	USD	1 Quarter
Impairment of fixed assets	`AssetImpairmentCharges`	$55.00K	USD	1 Quarter
Impairment of fixed assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$113.36K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.53K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-15.86K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-6.98K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$390.00	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$1.64K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-23.73K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInRightOfUseAssets`	$-25.09K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.66K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.95K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$46.96K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$41.66K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-22.58K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-25.26K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-177.16K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.23K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.67K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.48K	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	$406.00K	USD	1 Quarter
Advance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Proceeds from sale of collateralized assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Proceeds from sale of collateralized assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-408.48K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$97.33K	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Principal payments on finance lease	`FinanceLeasePrincipalPayments`	$8.47K	USD	1 Quarter
Principal payments on note payable, equipment financing	`RepaymentsOfNotesPayable`	$14.90K	USD	1 Quarter
Principal payments on note payable, equipment financing	`RepaymentsOfNotesPayable`	$14.14K	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`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Payments on convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Payments on convertible notes	`RepaymentsOfConvertibleDebt`	$52.98K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	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 (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$380.01K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.90K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.66K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-205.63K	USD	1 Quarter
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.17K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.83K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$295.93K	USD	Point-in-time
Cash - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$90.31K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.17K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.83K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$295.93K	USD	Point-in-time
Cash - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$90.31K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$26.17K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$27.60K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Common stock issued for settlement of stock payable	`StockIssued1`	-	USD	1 Quarter
Common stock issued for settlement of stock payable	`StockIssued1`	$71.75K	USD	1 Quarter
Warrants issued for debt financing	`WarrantsIssuedForDebtFinancing`	-	USD	1 Quarter
Warrants issued for debt financing	`WarrantsIssuedForDebtFinancing`	$93.94K	USD	1 Quarter
Transfer of completed assets	`TransferOfCompletedAssets`	$6.08K	USD	1 Quarter
Transfer of completed assets	`TransferOfCompletedAssets`	-	USD	1 Quarter
Conversion of Series A preferred into Series B preferred	`ConversionOfSeriesPreferredIntoSeriesBPreferred`	$85.85K	USD	1 Quarter
Conversion of Series A preferred into Series B preferred	`ConversionOfSeriesPreferredIntoSeriesBPreferred`	-	USD	1 Quarter
Deemed dividend on preferred exchange	`DeemedDividendOnPreferredExchange`	-	USD	1 Quarter
Deemed dividend on preferred exchange	`DeemedDividendOnPreferredExchange`	$192.15K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.05M	USD	Point-in-time
Issuance of common shares to settle stock payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Warrants issued as debt financing costs	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$93.94K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.31K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.46K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-240.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-277.60K	USD	1 Quarter
Series B Preferred shares sold for cash	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Conversion of Series A Preferred Shares into Series B Preferred	`StockIssuedDuringPeriodValueConversionOfUnits`	$-85.85K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$52.50K	USD	1 Quarter
Deemed dividend on preferred exchange	`DividendsPreferredStockCash`	$192.15K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.74M	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.