10-Q Filing

HYPHA LABS, INC. CIK: 1502966 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-24-006769`
Period End Date	20231231
Filing Date	20240214
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 44 Cash Flow Statement 58 Stockholders Equity 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for note receivable	`AllowanceForNotesAndLoansReceivableCurrent`	$625.00K	USD	Point-in-time
Allowance for note receivable	`AllowanceForNotesAndLoansReceivableCurrent`	$625.00K	USD	Point-in-time
Cash	`Cash`	$308.25K	USD	Point-in-time
Cash	`Cash`	$271.01K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable, net of allowance of $625,000	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Note receivable, net of allowance of $625,000	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.09K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.57K	USD	Point-in-time
Assets held for sale - current	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$556.02K	USD	Point-in-time
Assets held for sale - current	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$486.22K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$765.80K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$872.37K	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
Assets held for sale long term	`AssetsHeldForSaleNotPartOfDisposalGroupNonCurrent`	$648.50K	USD	Point-in-time
Assets held for sale long term	`AssetsHeldForSaleNotPartOfDisposalGroupNonCurrent`	$643.67K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	87.10M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$648.50K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	87.10M	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$643.67K	USD	Point-in-time
Total Assets	`Assets`	$1.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	87.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	87.10M	shares	Point-in-time
Total Assets	`Assets`	$1.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.22K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.09K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$595.97K	USD	Point-in-time
Current maturities of notes payable	`NotesPayableCurrent`	$565.00K	USD	Point-in-time
Liabilities held for sale - current	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$308.53K	USD	Point-in-time
Liabilities held for sale - current	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$368.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.09M	USD	Point-in-time
Liabilities held for sale long term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$150.34K	USD	Point-in-time
Liabilities held for sale long term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$159.16K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$150.34K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$159.16K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.24M	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, 2023 and September 30, 2023	`TemporaryEquityCarryingAmountAttributableToParent`	$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, 2023 and September 30, 2023	`TemporaryEquityCarryingAmountAttributableToParent`	$333.60K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 87,096,820 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively	`CommonStockValue`	$87.10K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 87,096,820 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively	`CommonStockValue`	$87.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.76M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.41M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.52M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$39.52K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.74K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$67.81K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$55.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$70.56K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$107.34K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-107.34K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-70.56K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$55.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$13.90K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$84.31K	USD	1 Quarter
Interest expense	`InterestExpense`	$97.15K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-70.42K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-152.15K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-140.98K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-259.49K	USD	1 Quarter
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$19.16K	USD	1 Quarter
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$292.63K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-240.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$151.65K	USD	1 Quarter
Weighted average number of common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.22M	shares	1 Quarter
Weighted average number of common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	87.10M	shares	1 Quarter
Weighted average number of common shares outstanding fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.22M	shares	1 Quarter
Weighted average number of common shares outstanding fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.10M	shares	1 Quarter
Net loss per share from continuing operations basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Net loss per share from continuing operations basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Net income per share from discontinued operations basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income per share from discontinued operations basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income (loss) per share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share from continuing operations diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Net loss per share from continuing operations diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Net income per share from discontinued operations diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net income per share from discontinued operations diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net income (loss) per share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-140.98K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-259.49K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.15K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.31K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$29.34K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$48.92K	USD	1 Quarter
Impairment of fixed assets	`AssetImpairmentCharges`	$55.00K	USD	1 Quarter
Impairment of fixed assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-480.00	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-4.90K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.09K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-24.08K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-34.51K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$17.29K	USD	1 Quarter
Accrued expenses related parties	`IncreaseDecreaseInAccruedLiabilitiesRelatedParty`	$5.00K	USD	1 Quarter
Accrued expenses related parties	`IncreaseDecreaseInAccruedLiabilitiesRelatedParty`	$12.00K	USD	1 Quarter
Net cash used in operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-131.78K	USD	1 Quarter
Net cash used in operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-111.81K	USD	1 Quarter
Net cash provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$149.02K	USD	1 Quarter
Net cash provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$176.50K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.70K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.23K	USD	1 Quarter
Proceeds from sale of collateralized assets	`ProceedsFromSaleOfProductiveAssets`	$100.00K	USD	1 Quarter
Proceeds from sale of collateralized assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Net cash provided by (used in) investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by (used in) investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$100.00K	USD	1 Quarter
Net cash used in investing activities from discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-11.67K	USD	1 Quarter
Net cash used in investing activities from discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-2.67K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$97.33K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.67K	USD	1 Quarter
Net cash used in financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-15.78K	USD	1 Quarter
Net cash used in financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-14.90K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.90K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.78K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$37.25K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.66K	USD	1 Quarter
Cash beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.83K	USD	Point-in-time
Cash beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.17K	USD	Point-in-time
Cash beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$271.01K	USD	Point-in-time
Cash beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$308.25K	USD	Point-in-time
Cash ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.83K	USD	Point-in-time
Cash ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.17K	USD	Point-in-time
Cash ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$271.01K	USD	Point-in-time
Cash ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$308.25K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$40.02K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$26.17K	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
Receipt of assets on deposit	`ReceiptOfAssetsOnDeposit`	$6.08K	USD	1 Quarter
Receipt of assets on deposit	`ReceiptOfAssetsOnDeposit`	-	USD	1 Quarter
Accounts payable and accrued interest added to note principal balance	`AccountsPayableAndAccruedInterestAddedToNotePrincipalBalance`	$30.96K	USD	1 Quarter
Accounts payable and accrued interest added to note principal balance	`AccountsPayableAndAccruedInterestAddedToNotePrincipalBalance`	-	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Balance	`TemporaryEquityCarryingAmountAttributableToParent`	$333.60K	USD	Point-in-time
Balance	`TemporaryEquityCarryingAmountAttributableToParent`	$333.60K	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.31K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.15K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-240.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$151.65K	USD	1 Quarter
Issuance of common shares to settle stock payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Warrants issued as debt financing costs	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$93.94K	USD	1 Quarter
Balance	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.88M	USD	Point-in-time
Balance	`TemporaryEquityCarryingAmountAttributableToParent`	$333.60K	USD	Point-in-time
Balance	`TemporaryEquityCarryingAmountAttributableToParent`	$333.60K	USD	Point-in-time

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