0001493152-18-011628.txt : 20180814 0001493152-18-011628.hdr.sgml : 20180814 20180814090122 ACCESSION NUMBER: 0001493152-18-011628 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 54 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180814 DATE AS OF CHANGE: 20180814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DigiPath,Inc. CENTRAL INDEX KEY: 0001502966 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 273601979 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54239 FILM NUMBER: 181014545 BUSINESS ADDRESS: STREET 1: 2360 CORPORATE CIR STREET 2: SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074 BUSINESS PHONE: 702-527-2060 MAIL ADDRESS: STREET 1: 2360 CORPORATE CIR STREET 2: SUITE 400 CITY: HENDERSON STATE: NV ZIP: 89074 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For Quarterly Period Ended June 30, 2018

 

or

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from __________ to __________

 

Commission File Number 000-54239

 

 

Digipath, Inc.

(Exact name of registrant issuer as specified in its charter)

 

Nevada   27-3601979

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

     
6450 Cameron St Suite 113 Las Vegas, NV   89118
(Address of principal executive offices)   (zip code)

 

(702) 527-2060

(Registrant’s telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  [X] No  [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  [X] No  [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

  Large accelerated filer [  ]   Accelerated filer [  ]
  Non-accelerated filer (Do not check if a smaller reporting company) [  ]   Smaller reporting company [  ]
        Emerging growth company [X]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  [  ] No  [X]

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date.

 

The number of shares of registrant’s common stock outstanding as of August 13, 2018 was 41,564,235.

 

 

 

 
 

 

TABLE OF CONTENTS

 

  Page
  No.
PART I - FINANCIAL INFORMATION  
ITEM 1.   FINANCIAL STATEMENTS (Unaudited) 3
    Condensed Consolidated Balance Sheets as of June 30, 2018 (Unaudited) and September 30, 2017 3
    Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended June 30, 2018 and 2017 (Unaudited) 4
    Condensed Consolidated Statements of Cash Flows for the Nine Months Ended June 30, 2018 and 2017 (Unaudited) 5
    Notes to the Condensed Consolidated Financial Statements (Unaudited) 6
ITEM 2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 15
ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 20
ITEM 4.   CONTROLS AND PROCEDURES 21
PART II - OTHER INFORMATION  
ITEM 1.   Legal Proceedings 22
ITEM 1A.   RISK FACTORS 22
ITEM 2.   UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 22
ITEM 3.   DEFAULTS UPON SENIOR SECURITIES 22
ITEM 4.   MINE SAFETY DISCLOSURES 22
ITEM 5.   OTHER INFORMATION 22
ITEM 6.   EXHIBITS 23
    SIGNATURES 24

 

 2 
 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS.

 

DIGIPATH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

   June 30,   September 30, 
   2018   2017 
   (Unaudited)     
Assets          
           
Current assets:          
Cash  $40,070   $178,177 
Accounts receivable   200,867    266,613 
Prepaid expenses   67,732    73,750 
Deposits   25,647    25,647 
Total current assets   334,316    544,187 
           
Fixed assets, net   1,007,832    1,027,049 
           
Total Assets  $1,342,148   $1,571,236 
           
Liabilities and Stockholders’ Equity          
           
Current liabilities:          
Accounts payable  $196,234   $121,994 
Accrued expenses   30,894    42,004 
Deferred revenues   2,775     
Total current liabilities   229,903    163,998 
           
Total Liabilities   229,903    163,998 
           
Stockholders’ Equity:          
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,425,942 and 1,897,942 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively   1,426    1,898 
Common stock, $0.001 par value, 90,000,000 shares authorized; 40,897,568 and 35,027,118 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively   40,898    35,027 
Additional paid-in capital   13,946,080    12,866,984 
Accumulated (deficit)   (12,876,159)   (11,496,671)
           
Total Stockholders’ Equity   1,112,245    1,407,238 
           
Total Liabilities and Stockholders’ Equity  $1,342,148   $1,571,236 

 

See accompanying notes to financial statements.

 

 3 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

 

   For the Three Months Ended   For the Nine Months Ended 
   June 30,   June 30, 
   2018   2017   2018   2017 
                 
Revenues  $521,772   $389,315   $2,223,630   $1,296,115 
Cost of sales   520,888    215,729    1,563,518    640,871 
Gross profit   884    173,586    660,112    655,244 
                     
Operating expenses:                    
General and administrative   360,689    300,924    1,108,202    907,994 
Professional fees   228,482    279,843    964,269    745,437 
Bad debts expense (recoveries)   (45,200)   4,396    53,041    23,150 
Total operating expenses   543,971    585,163    2,125,512    1,676,581 
                     
Operating loss   (543,087)   (411,577)   (1,465,400)   (1,021,337)
                     
Other income:                    
Other income   43,012    3,000    85,912    263,000 
Total other income   43,012    3,000    85,912    263,000 
                     
Net loss  $(500,075)  $(408,577)  $(1,379,488)  $(758,337)
Other comprehensive loss                    
Available-for-sale investments:                    
Change in net unrealized loss (net of tax effect)   -    (9,080)   -    (2,560)
                     
Comprehensive loss  $(500,075)  $(417,657)  $(1,379,488)  $(760,897)
                     
Weighted average number of common shares outstanding - basic and fully diluted   40,374,897    31,542,189    38,237,869    27,849,386 
                     
Net loss per share - basic and fully diluted  $(0.01)  $(0.01)  $(0.04)  $(0.03)

 

See accompanying notes to financial statements.

 

 4 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

   For the Nine Months Ended 
   June 30, 
   2018   2017 
Cash flows from operating activities          
Net loss  $(1,379,488)  $(758,337)
Adjustments to reconcile net loss to net cash used in operating activities:          
Bad debts expense   53,041    30,650 
Depreciation and amortization expense   213,225    186,922 
Stock issued for services   377,204    224,294 
Options and warrants granted for services   438,683    299,760 
Decrease (increase) in assets:          
Accounts receivable   12,705    (96,429)
Prepaid expenses   6,018    (48,404)
Deposits   -    14,203 
Increase (decrease) in liabilities:          
Accounts payable   74,240    (3,239)
Accrued expenses   (11,110)   (33,953)
Deferred revenues   2,775    - 
Net cash used in operating activities   (212,707)   (184,533)
           
Cash flows from investing activities          
Purchase of fixed assets   (194,008)   (136,894)
Net cash used in investing activities   (194,008)   (136,894)
           
Cash flows from financing activities          
Proceeds from sale of common stock   268,608    300,000 
Net cash provided by financing activities   268,608    300,000 
           
Net decrease in cash   (138,107)   (21,427)
Cash - beginning   178,177    135,390 
Cash - ending  $40,070   $113,963 
           
Supplemental disclosures:          
Interest paid  $-   $- 
Income taxes paid  $-   $- 
           
Non-cash investing and financing activities:          
Net change in unrealized gain (loss) on available-for-sale securities  $-   $(2,560)
Value of preferred stock converted to common stock  $472,000   $1,372,500 

 

See accompanying notes to financial statements.

 

 5 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Note 1 – Organization, Basis of Presentation and Significant Accounting Policies

 

Organization

 

Digipath, Inc. was incorporated in Nevada on October 5, 2010. Digipath, Inc. and its subsidiaries (“Digipath,” the “Company,” “we,” “our” or “us”) supports the cannabis industry’s best practices for reliable testing, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Our business units are described below.

 

Digipath Labs, Inc. Digipath Labs’ mission is to provide pharmaceutical-grade analysis and testing to the cannabis industry to ensure consumers and patients know exactly what is in the cannabis they ingest and to help maximize the quality of our clients’ products through research, development, and standardization. We have been operating a cannabis testing lab in Nevada since 2015 and have plans to open labs in other states that have legalized the sale of cannabis, beginning with California.
   
The National Marijuana News Corp. provides a balanced and unbiased approach to cannabis news, interviews and education with a news/talk radio show, app, national marijuana news website and social media presence focusing on the political, economic, medicinal, scientific, and cultural dimensions of the rapidly evolving—and profoundly controversial—medicinal and recreational marijuana industry.

 

Basis of Presentation

 

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Intercompany accounts and transactions have been eliminated.

 

The unaudited condensed consolidated financial statements of the Company and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with GAAP and do not contain certain information included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2017. The interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year.

 

Principles of Consolidation

 

The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:

 

    State of    
Name of Entity(1)   Incorporation   Relationship
Digipath, Inc.(2)   Nevada   Parent
Digipath Labs, Inc.   Nevada   Subsidiary
TNM News, Inc.   Nevada   Subsidiary
GroSciences, Inc.(3)   Colorado   Subsidiary

 

(1) All entities are in the form of a corporation.

(2) Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.

(3) Entity formed for prospective purposes, but has not incurred any income or expenses to date.

 

The consolidated financial statements herein contain the operations of the wholly-owned subsidiaries listed above. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company and subsidiaries will be collectively referred to herein as the “Company”, “Digipath” or “DIGP”. The Company’s headquarters are located in Las Vegas, Nevada and substantially all of its customers are within the United States.

 

These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.

 

Reclassifications

 

Prior period interest income in the amount of $7,500 has been reclassified to net against the related $7,500 of bad debt expense to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash flows.

 

 6 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Segment Reporting

 

ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

 

Fair Value of Financial Instruments

 

Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments.

 

Revenue Recognition

 

Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.

 

There was no impact on the Company’s financial statements as a result of adopting ASC 606 for the nine months ended June 30, 2018 and 2017, or the twelve months ended September 30, 2017.

 

Revenue is primarily generated through our subsidiary, Digipath Labs, Inc., which recognizes revenue from the analytical testing of cannabis products to licensed producers and cultivators within the state of Nevada on a determinable fixed fee per test, or panel of tests basis. Revenue from the performance of those services is recognized upon completion of the tests, at which time test results are delivered to the customer, provided collectability of the fee is reasonably assured. We typically require payment within thirty days of the delivery of results. Management estimates an allowance for doubtful accounts based on the aging of its receivables.

 

The Company also recognizes revenue through our subsidiary, TNM News Corp., which primarily recognizes revenue from advertisements through partnered merchants. Payment for ad revenues are received prior to the distribution of the ad campaign, and the revenues are recognized ratably over the campaign. The Company defers any revenue for which the term of the campaign has not yet been realized. To date, these revenues have not been materially significant.

 

Stock-Based Compensation

 

The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 505-50 (ASC 505-50). All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty’s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.

 

Recent Accounting Pronouncements

 

In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

 7 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

In March 2018, the FASB issued ASU No. 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The amendment provides guidance on accounting for the impact of the Tax Cuts and Jobs Act (the “Tax Act”) and allows entities to complete the accounting under ASC 740 within a one-year measurement period from the Tax Act enactment date. This standard is effective upon issuance. The Tax Act has several significant changes that impact all taxpayers, including a transition tax, which is a one-time tax charge on accumulated, undistributed foreign earnings. The calculation of accumulated foreign earnings requires an analysis of each foreign entity’s financial results going back to 1986. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The guidance permits entities to reclassify tax effects stranded in Accumulated Other Comprehensive Income as a result of tax reform to retained earnings. This new guidance is effective for annual and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted in annual and interim periods and can be applied retrospectively or in the period of adoption. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

 

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. Since ASU 2014-09 was issued, several additional ASUs have been issued to clarify various elements of the guidance. These standards provide guidance on recognizing revenue, including a five-step model to determine when revenue recognition is appropriate. The standard requires that an entity recognize revenue to depict the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the new standard to be effective with our first interim reporting period for the three months ended December 31, 2017. We use the modified retrospective method of adoption. We have completed an initial evaluation of the potential impact from adopting the new standard, including a detailed review of performance obligations for all material revenue streams. Based on this initial evaluation, adoption does not have a material impact on our financial position, results of operations, or cash flows. Related disclosures have been expanded in line with the requirements of the standard.

 

There are no other recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

 

Note 2 – Going Concern

 

As shown in the accompanying condensed consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of ($12,876,159), and as of June 30, 2018, the Company’s cash on hand may not be sufficient to sustain operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new customers to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. Management believes these factors will contribute toward achieving profitability. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

The consolidated financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. These financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

Note 3 – Related Party Transactions

 

Stock Based Compensation for Services

 

On June 25, 2018, the Company issued 118,421 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $22,500 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

 8 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

On June 25, 2018, the Company issued 31,579 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $6,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 78,947 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $15,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 207,852 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $45,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 55,427 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $12,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 138,568 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $30,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On December 22, 2017, the Company issued 300,000 shares of common stock to its CFO as a bonus for services rendered. The aggregate fair value of the common stock was $78,828 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On December 22, 2017, the Company issued 100,000 shares of common stock to Dr. Alfredo Axtmayer for his service on our Board of Directors. The aggregate fair value of the common stock was $26,276 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On December 22, 2017, we granted fully vested options to purchase 500,000 shares of common stock as compensation for services to our President and COO. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.2094, was $104,698. The options were expensed over the vesting period, resulting in $104,698 of stock based compensation expense during the nine months ended June 30, 2018.

 

Note 4 – Fair Value of Financial Instruments

 

Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.

 

The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:

 

Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

 

Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

 

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

 

 9 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2018 and September 30, 2017, respectively:

 

   Fair Value Measurements at June 30, 2018 
   Level 1   Level 2   Level 3 
Assets               
Cash  $40,070   $-   $- 
Total assets   40,070    -    - 
Liabilities               
Total liabilities   -    -    - 
   $40,070   $-   $- 

 

   Fair Value Measurements at September 30, 2017 
   Level 1   Level 2   Level 3 
Assets               
Cash  $178,177   $-   $- 
Total assets   178,177    -    - 
Liabilities               
Total liabilities   -    -    - 
   $178,177   $-   $- 

 

The fair value of our intellectual properties are deemed to approximate book value, and are considered Level 3 inputs as defined by ASC Topic 820-10-35.

 

There were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3 inputs for the nine months ended June 30, 2018 or the year ended September 30, 2017.

 

Note 5 – Accounts Receivable

 

Accounts receivable was $200,867 and $266,613 at June 30, 2018 and September 30, 2017, respectively, net of allowance for doubtful accounts of $85,221 and $32,180 at June 30, 2018 and September 30, 2017, respectively.

 

Note 6 – Fixed Assets

 

Fixed assets consist of the following at June 30, 2018 and September 30, 2017:

 

   June 30,   September 30, 
   2018   2017 
Software  $123,492   $121,617 
Office equipment   52,520    36,080 
Furniture and fixtures   28,486    14,285 
Lab equipment   1,099,942    938,450 
Leasehold improvements   489,147    489,147 
    1,793,587    1,599,579 
Less: accumulated depreciation   (785,755)   (572,530)
Total  $1,007,832   $1,027,049 

 

Depreciation and amortization expense totaled $213,225 and $186,922 for the nine months ended June 30, 2018 and 2017, respectively.

 

 10 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Note 7 - Changes in Stockholders’ Equity

 

Convertible Preferred Stock

 

The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001 per share, of which 6,000,000 have been designated as Series A Convertible Preferred Stock (“Series A Preferred”), with the remaining 4,000,000 shares available for designation from time to time by the Board as set forth below. As of June 30, 2018, there were 1,425,942 shares of Series A Preferred issued and outstanding. The Board of Directors is authorized to determine any number of series into which the undesignated shares of preferred stock may be divided and to determine the rights, preferences, privileges and restrictions granted to any series of the preferred stock. Shares of Series A Preferred are convertible into common stock at a fixed conversion rate of $0.20 per share.

 

The conversion price is adjustable in the event of stock splits and other adjustments in the Company’s capitalization, and in the event of certain negative actions undertaken by the Company. At the current conversion price, the 1,425,942 shares of Series A Preferred outstanding at June 30, 2018 are convertible into 7,129,710 shares of the common stock of the Company. No holder is permitted to convert its shares of Series A Preferred if such conversion would cause the holder to beneficially own more than 4.99% of the issued and outstanding common stock of the Company immediately after such conversion, unless waived by such holder by providing at least sixty-five days’ notice.

 

Preferred Stock Conversions

 

During the three months ended March 31, 2018, a total of 322,000 Series A Preferred shares were converted into 1,610,000 shares of common stock. The stock was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.

 

During the three months ended December 31, 2017, a total of 150,000 Series A Preferred shares were converted into 750,000 shares of common stock. The stock was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.

 

Common Stock

 

Common stock consists of $0.001 par value, 90,000,000 shares authorized, of which 40,897,568 shares were issued and outstanding as of June 30, 2018.

 

Common Stock Sales

 

On April 13, 2018, the Company sold 14 units, consisting of an aggregate of 140,000 shares of its common stock and warrants to purchase 70,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $25,200. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On April 12, 2018, the Company sold 28 units, consisting of an aggregate of 280,000 shares of its common stock and warrants to purchase 140,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,400. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On April 10, 2018, the Company sold 27.78 units, consisting of an aggregate of 277,778 shares of its common stock and warrants to purchase 138,889 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On December 20, 2017, the Company sold 10 units, consisting of an aggregate of 100,000 shares of its common stock and warrants to purchase 50,000 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $18,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On December 14, 2017, the Company sold 13.89 units, consisting of an aggregate of 138,889 shares of its common stock and warrants to purchase 69,445 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $25,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On December 14, 2017, the Company sold 55.56 units, consisting of an aggregate of 555,600 shares of its common stock and warrants to purchase 277,800 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $100,008. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

 11 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Exercise of Options

 

On January 3, 2018, two option holders exercised options to purchase a total of 500,000 shares of common stock at $0.181 per share on a cashless basis, resulting in the issuance of 317,172 shares of common stock.

 

On January 2, 2018, an option holder exercised options to purchase 37,500 shares of common stock at $0.22 per share on a cashless basis, resulting in the issuance of 21,000 shares of common stock.

 

Exercise of Warrants

 

On January 3, 2018, a warrant holder exercised warrants to purchase 71,428 shares of common stock at $0.26 per share on a cashless basis, resulting in the issuance of 34,285 shares of common stock.

 

Common Stock Issued for Services

 

On June 25, 2018, the Company issued 118,421 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $22,500 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 31,579 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $6,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 78,947 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $15,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 131,579 shares of common stock to a consultant for business development services. The fair value of the common stock was $25,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 100,000 shares of common stock to another consultant for business development services. The fair value of the common stock was $19,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 207,852 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $45,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On March 26, 2018, the Company issued 55,427 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $12,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On March 26, 2018, the Company issued 138,568 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $30,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On March 26, 2018, the Company issued 69,284 shares of common stock to a consultant for business development services. The fair value of the common stock was $15,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On December 22, 2017, the Company issued 300,000 shares of common stock to its CFO as a bonus for services rendered. The aggregate fair value of the common stock was $78,828 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On December 22, 2017, the Company issued 100,000 shares of common stock to Dr. Alfredo Axtmayer for his service on our Board of Directors. The aggregate fair value of the common stock was $26,276 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

 12 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

On November 29, 2017, a total of 314,069 shares of common stock were issued to three consultants that were engaged to assist the Company with acquisition activities. The aggregate fair value of the common stock was $82,600 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on December 31, 2017.

 

Amortization of Stock Options

 

A total of $438,683 of stock-based compensation expense was recognized from the amortization of options over their vesting period during the nine months ended June 30, 2018.

 

Note 8 – Common Stock Options

 

Stock Incentive Plan

 

On June 21, 2016, we amended and restated our 2012 Stock Incentive Plan (the “2012 Plan”), which was originally adopted on March 5, 2012 and previously amended on May 20, 2014. As amended, the 2012 Plan provides for the issuance of up to 11,500,000 shares of common stock pursuant to the grant of options or other awards, including stock grants, to employees, officers or directors of, and consultants to, the Company and its subsidiaries. Options granted under the 2012 Plan may either be intended to qualify as incentive stock options under the Internal Revenue Code of 1986, or may be non-qualified options, and are exercisable over periods not exceeding ten years from date of grant.

 

A total of 8,352,500 options were outstanding as of June 30, 2018. During the three months ended June 30, 2018, options to purchase an aggregate total of 40,000 shares of common stock at a weighted average exercise price of $0.27 per share expired, during the three months ended March 31, 2018, options to purchase an aggregate total of 55,000 shares of common stock at a weighted average exercise price of $0.24 per share expired, and during the three months ended December 31, 2017, options to purchase an aggregate total of 1,110,000 shares of common stock at a weighted average exercise price of $0.40 per share also expired.

 

On January 3, 2018, two option holders exercised options to purchase a total of 500,000 shares of common stock at $0.181 per share on a cashless basis, resulting in the issuance of 317,172 shares of common stock.

 

On January 2, 2018, an option holder exercised options to purchase 37,500 shares of common stock at $0.22 per share on a cashless basis, resulting in the issuance of 21,000 shares of common stock.

 

On December 22, 2017, we granted fully vested options to purchase 500,000 shares of common stock as compensation for services to our then President and COO. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.2094, was $104,698. The options were expensed over the vesting period, resulting in $104,698 of stock based compensation expense during the nine months ended June 30, 2018.

 

On November 29, 2017, we granted fully vested options to purchase 100,000 shares of common stock as compensation for services to our Chief Scientist. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.21, was $21,004. The options were expensed over the vesting period, resulting in $21,004 of stock based compensation expense during the nine months ended June 30, 2018.

 

On November 29, 2017, we granted fully vested options to purchase an aggregate of 205,000 shares of common stock as compensation for services to a total of ten of our employees. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.21, was $43,057. The options were expensed over the vesting period, resulting in $43,057 of stock based compensation expense during the nine months ended June 30, 2018.

 

Note 9 – Common Stock Warrants

 

Warrants to purchase a total of 6,117,128 shares of common stock were outstanding as of June 30, 2018. On January 3, 2018, a warrant holder exercised warrants to purchase 71,428 shares of common stock at $0.26 per share on a cashless basis, resulting in the issuance of 34,285 shares of common stock.

 

On December 31, 2017, warrants to purchase 200,000 shares of common stock at $0.30 per share expired, and on December 30, 2017, warrants to purchase another 300,000 shares of common stock at $0.45 per share also expired.

 

 13 
 

 

DIGIPATH, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Warrants to purchase an aggregate 348,889 shares of common stock at $0.30 per share over a 36 month period were issued at various dates in April of 2018 pursuant to unit offerings for the sale of an aggregate of 697,778 shares of common stock in exchange for total proceeds of $125,600.

 

Warrants to purchase 50,000 shares of common stock at $0.26 per share over a 36 month period were issued on December 20, 2017 pursuant to a unit offering for the sale of 100,000 shares of common stock in exchange for proceeds of $18,000, and warrants to purchase a total of 347,245 shares of common stock at $0.26 per share over a 36 month period were issued on December 14, 2017 pursuant to two unit offerings for the sale of an aggregate 694,489 shares of common stock in exchange for total proceeds of $125,008.

 

Note 10 – Other Income

 

Other income for the nine months ended June 30, 2018 and 2017 consisted of the following:

 

   June 30, 
   2018   2017 
Settlement income on license agreement  $-   $250,000 
Rental income on subleases   57,600    3,000 
Restitution income   28,312    10,000 
   $85,912   $263,000 

 

Note 11 - Income Tax

 

The Company accounts for income taxes under FASB ASC 740-10, which requires use of the liability method. FASB ASC 740-10-25 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences.

 

For the nine months ended June 30, 2018 and the year ended September 30, 2017, the Company incurred a net operating loss and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At June 30, 2018, the Company had approximately $7,787,000 of federal net operating losses. The net operating loss carry forwards, if not utilized, will begin to expire in 2031.

 

Based on the available objective evidence, including the Company’s history of its loss, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at June 30, 2018 and September 30, 2017, respectively.

 

In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no uncertain tax positions.

 

Note 12 – Subsequent Events

 

Common Stock Sales

 

On July 11, 2018, the Company sold 66.67 units, consisting of 666,667 shares of its common stock and warrants to purchase 333,334 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $100,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

 14 
 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 

The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended September 30, 2017 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

 

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Annual Report on Form 10-K for the year ended September 30, 2017 in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this quarterly report on Form 10-Q. The following should also be read in conjunction with the unaudited Financial Statements and notes thereto that appear elsewhere in this report.

 

Overview

 

Digipath, Inc. was incorporated in Nevada on October 5, 2010. Digipath, Inc. and its subsidiaries (“Digipath,” the “Company,” “we,” “our” or “us”) supports the cannabis industry’s best practices for reliable testing, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Our business units as of June 30, 2018 are described below.

 

  Digipath Labs, Inc. Digipath Labs’ mission is to provide pharmaceutical-grade analysis and testing to the cannabis industry to ensure consumers and patients know exactly what is in the cannabis they ingest and to help maximize the quality of our clients’ products through research, development, and standardization. We have been operating a cannabis testing lab in Nevada since 2015 and have plans to open labs in other states that have legalized the sale of cannabis, beginning with California.
     
  The National Marijuana News Corp. provides a balanced and unbiased approach to cannabis news, interviews and education with a news/talk radio show, app, national marijuana news website and social media presence focusing on the political, economic, medicinal, scientific, and cultural dimensions of the rapidly evolving—and profoundly controversial—medicinal and recreational marijuana industry.

 

Our cannabis testing and business licenses were briefly suspended by Nevada regulators for an eight business day period subsequent to the end of the quarter ended December 31, 2017, commencing at the end of business on Friday, January 19, 2018, and were reinstated on January 31, 2018. This significantly affected our financial results for the second and third fiscal quarter due to the lack of revenue for the eight day period, followed by the need to outsource our pesticide analyses to another lab while we re-validated our testing method. In response to the temporary suspension, we accelerated the implementation of ISO 17025:2017 standards and increased our staffing to better support an ISO-accredited laboratory and be able to service the level of demand we experienced during the first fiscal quarter. At the end of June 2018, our pesticide methods were certified by the State of Nevada, which enabled us to end our outsourcing of pesticide testing. We believe that we are now well positioned to handle future growth in full compliance with Nevada’s regulations applicable to our operations and get back to operating at a gross margin consistent with other analytical testing labs in the industry.

 

On July 3, 2018, following the untimely passing of Joseph Bianco, who had served as our Chief Executive Officer, our Board appointed Todd Denkin as Chief Executive Officer and Chairman of the Board, succeeding Mr. Bianco. At the time of such appointment, Mr. Denkin was serving as the Company’s President and Chief Operating Officer, and as the President of the Company’s wholly-owned subsidiaries, Digipath Labs, Inc. and TNM News Corp., and he will continue to serve in such capacities.

 

 15 
 

 

Results of Operations for the Three Months Ended June 30, 2018 and 2017:

 

The following table summarizes selected items from the statement of operations for the three months ended June 30, 2018 and 2017.

 

   Three Months Ended June 30,   Increase / 
   2018   2017   (Decrease) 
Revenues  $521,772   $389,315   $132,457 
Cost of sales   520,888    215,729    305,159 
Gross profit   884    173,586    (172,702)
                
Operating expenses:               
General and administrative   360,689    300,924    59,765 
Professional fees   228,482    279,843    (51,361)
Bad debts expense (recoveries)   (45,200)   4,396    (49,596)
Total operating expenses:   543,971    585,163    (41,192)
                
Operating loss   (543,087)   (411,577)   131,510 
                
Total other income   43,012    3,000    40,012 
                
Net loss  $(500,075)  $(408,577)  $91,498 

 

Revenues

 

Revenues were generated by our cannabis testing lab and to a de minimis extent, from advertising on TNM News’ media outlets. Aggregate revenues for the three months ended June 30, 2018 were $521,772, compared to revenues of $389,315 during the three months ended June 30, 2017, an increase of $132,457, or 34%. The increase in revenue was due to the continued growth of our testing lab operations in Nevada as our customer base, consisting of production and cultivation facilities, increased their operations, particularly following the implementation of the Nevada law permitting the recreational use of marijuana, which went into effect on July 1, 2017.

 

Cost of Sales

 

Cost of sales for the three months ended June 30, 2018 were $520,888, compared to $215,729 during the three months ended June 30, 2017, an increase of $305,159, or 141%. Cost of sales consists primarily of labor, depreciation, maintenance on lab equipment, and supplies consumed in our testing operations. The increased cost of sales in the current period was primarily due to the cost of outsourcing our pesticide analysis, and increased labor and supplies as we revamped our operations to comply with regulators’ requirements and gear up for increased demand. During the three months ended June 30, 2018, we continued to implement ISO/IEC 17025 standards for the competence of testing and calibration laboratories, and outsourced our pesticide testing to a third party while we repaired and upgraded instrumentation and developed State approved assays. At the end of June, our pesticide methods were certified by the State of Nevada and were able to resume our own pesticide testing, which is expected to significantly reduce our cost of sales in future periods. Our gross margins of approximately 0%, decreased during the three months ended June 30, 2018, compared to gross margins of approximately 45% during the three months ended June 30, 2017, as we devoted significant resources to the improvement of operations in response to the temporary suspension of our Nevada licenses. We expect cost of sales to decrease and gross margins to increase as we continue to grow, and for gross margins to be in the neighborhood of 50% as we now perform our own pesticide tests.

 

General and Administrative Expenses

 

General and administrative expenses for the three months ended June 30, 2018 were $360,689, compared to $300,924 during the three months ended June 30, 2017, an increase of $59,765, or 20%. The expenses consisted primarily of marketing, rent, salaries and wages, and travel expenses.

 

Professional Fees

 

Professional fees for the three months ended June 30, 2018 were $228,482, compared to $279,843 during the three months ended June 30, 2017, a decrease of $51,361, or 18%. Professional fees included non-cash, stock-based compensation of $177,472 and $201,185 during the three months ended June 30, 2018 and June 30, 2017, respectively, including the amortization of $89,972 and $99,920, respectively, of stock options expense that is now fully amortized. Professional fees decreased primarily due to decreased legal and consulting fees during the current period.

 

 16 
 

 

Bad Debts Expense (Recoveries)

 

Bad debts expense (recoveries) for the three months ended June 30, 2018 was $(45,200), compared to $4,396 during the three months ended June 30, 2017, a net decrease of $49,596. Bad debts expense (recoveries) decreased during the current period as our allowance for doubtful accounts decreased with greater resources devoted to collection efforts during the quarter. Our bad debts allowance was 8.7% and 1.1% of sales for the three months ended June 30, 2018 and 2017, respectively.

 

Operating Loss

 

Our operating loss for the three months ended June 30, 2018 was $543,087 compared to $411,577 during the three months ended June 30, 2017, an increase of $131,510, or 32%. Our operating loss increased primarily due to the costs of outsourced pesticide analysis, offset in part by our increased revenues during the three months ended June 30, 2018, compared to the three months ended June 30, 2017.

 

Other Income

 

Other income for the three months ended June 30, 2018 was $43,012, compared to other income of $3,000 during the three months ended June 30, 2017, an increase of $40,012. Other income consisted of $19,200 of subleased storage space and $23,812 related to restitution payments received from a former employee for the three months ended June 30, 2018. Other income during the three months ended June 30, 2017 consisted of $1,500 of subleased storage space and $1,500 of restitution payments received from a former employee.

 

Net Loss

 

Net loss for the three months ended June 30, 2018 was $500,075, compared to $408,577 during the three months ended June 30, 2017, an increase of $91,498, or 22%. The increased net loss was due primarily to increased staffing and outsourced pesticide testing costs over the comparative three month period, as we revamped operations to better position ourselves for anticipated increased demand in the recreational cannabis market and addressed the temporary suspension of our Nevada licenses.

 

Results of Operations for the Nine Months Ended June 30, 2018 and 2017:

 

The following table summarizes selected items from the statement of operations for the nine months ended June 30, 2018 and 2017.

 

   Nine Months Ended June 30,   Increase / 
   2018   2017   (Decrease) 
Revenues  $2,223,630   $1,296,115   $927,515 
Cost of sales   1,563,518    640,871    922,647 
Gross profit   660,112    655,244    4,868 
                
Operating expenses:               
General and administrative   1,108,202    907,994    200,208 
Professional fees   964,269    745,437    218,832 
Bad debts expense   53,041    23,150    29,891 
Total operating expenses:   2,125,512    1,676,581    448,931 
                
Operating loss   (1,465,400)   (1,021,337)   444,063 
                
Total other income   85,912    263,000    (177,088)
                
Net loss  $(1,379,488)  $(758,337)  $621,151 

 

 17 
 

 

Revenues

 

Revenues were generated by our cannabis testing lab and to a de minimis extent, from advertising on TNM News’ media outlets. Aggregate revenues for the nine months ended June 30, 2018 were $2,223,630, compared to revenues of $1,296,115 during the nine months ended June 30, 2017, an increase of $927,515, or 72%. The increase in revenue was due to the continued growth of our testing lab operations in Nevada as our customer base, consisting of production and cultivation facilities, increased their operations, particularly following the implementation of the Nevada law permitting the recreational use of marijuana, which went into effect on July 1, 2017. This was bolstered during the first fiscal quarter of the current period due to the suspensions that were served by Nevada regulators on two of our competitors, as offset in part by our own suspension during the second fiscal quarter of the current period. We believe that these regulatory disruptions are reflective of the early stages of our nascent industry and are not indicative of ordinary operating conditions in Nevada.

 

Cost of Sales

 

Cost of sales for the nine months ended June 30, 2018 were $1,563,518, compared to $640,871 during the nine months ended June 30, 2017, an increase of $922,647, or 144%. Cost of sales consists primarily of labor, depreciation, maintenance on lab equipment, and supplies consumed in our testing operations. The increased cost of sales in the current period was primarily due to the cost of outsourcing our pesticide analysis, and increased labor and supplies as we revamped our operations to comply with regulators’ requirements and gear up for increased demand. During the nine months ended June 30, 2018, we began to implement ISO/IEC 17025 standards for the competence of testing and calibration laboratories, and outsourced our pesticide testing to a third party while we repaired and upgraded instrumentation and developed State approved assays. At the end of June, our pesticide were methods certified by the State of Nevada and were able to resume our own pesticide testing, which is expected to significantly reduce our cost of sales in future periods. Our gross margins of approximately 30%, decreased during the nine months ended June 30, 2018, compared to gross margins of approximately 51% during the nine months ended June 30, 2017. We anticipate our gross margins to be in the neighborhood of 50% as we now perform our own pesticide tests.

 

General and Administrative Expenses

 

General and administrative expenses for the nine months ended June 30, 2018 were $1,108,202, compared to $907,994 during the nine months ended June 30, 2017, an increase of $200,208, or 22%. The expenses consisted primarily of marketing, rent, salaries and wages, and travel expenses.

 

Professional Fees

 

Professional fees for the nine months ended June 30, 2018 were $964,269, compared to $745,437 during the nine months ended June 30, 2017, an increase of $218,832, or 29%. Professional fees included non-cash, stock-based compensation of $815,887 and $524,054 during the three months ended June 30, 2018 and June 30, 2017, respectively, including the amortization of $438,683 and $299,760, respectively, of stock options expense that is now fully amortized. Professional fees increased primarily due to increased stock-based compensation paid to employees and consultants during the current period.

 

Bad Debts Expense

 

Bad debts expense for the nine months ended June 30, 2018 was $53,041, compared to $23,150 during the nine months ended June 30, 2017, an increase of $29,891, or 129%. Bad debts expense increased during the current period as our allowance for doubtful accounts increased with the growth in sales and disruption of operations during the year. Our bad debts allowance was 2.4% and 1.8% of sales for the nine months ended June 30, 2018 and 2017, respectively.

 

Operating Loss

 

Our operating loss for the nine months ended June 30, 2018 was $1,465,400 compared to $1,021,337 during the nine months ended June 30, 2017, an increase of $444,063, or 43%. Our operating loss increased primarily due to increased cost of sales as we reworked our lab processes, in addition to increased stock-based compensation, offset in part by our increased revenues, during the nine months ended June 30, 2018, compared to the nine months ended June 30, 2017.

 

Other Income

 

Other income for the nine months ended June 30, 2018 was $85,912, compared to other income of $263,000 during the nine months ended June 30, 2017, a decrease of $177,088. Other income consisted of $57,600 of subleased rent and $28,312 related to restitution payments received from a former employee for the nine months ended June 30, 2018. Other income during the nine months ended June 30, 2017 consisted of $250,000 received pursuant to the settlement under a license agreement with GB Sciences, Inc., $3,000 of subleased rental income and $10,000 of restitution payments received from a former employee.

 

 18 
 

 

Net Loss

 

Net loss for the nine months ended June 30, 2018 was $1,379,488, compared to $758,337 during the nine months ended June 30, 2017, an increase of $621,151, or 82%. The increased net loss was due primarily to increased staffing and outsourced pesticide testing costs over the comparative nine month period, as we revamped operations to better position ourselves for anticipated increased demand in the recreational cannabis market and addressed the temporary suspension of our Nevada licenses.

 

Liquidity and Capital Resources

 

The following is a summary of the Company’s cash flows provided by (used in) operating, investing, and financing activities for the nine month periods ended June 30, 2018 and 2017:

 

   2018   2017 
Operating Activities  $(212,707)  $(184,533)
Investing Activities   (194,008)   (136,894)
Financing Activities   268,608    300,000 
Net Increase in Cash  $(138,107)  $(21,427)

 

Net Cash Provided in Operating Activities

 

During the nine months ended June 30, 2018, net cash used in operating activities was $212,707, compared to net cash used in operating activities of $184,533 for the same period ended June 30, 2017. The increase in cash used in operating activities is primarily attributable to our increased net loss as we continued to develop our cannabis testing lab operations.

 

Net Cash Used in Investing Activities

 

During the nine months ended June 30, 2018, net cash used in investing activities was $194,008, compared to $136,894 for the same period ended June 30, 2017. The increase is attributable to greater investments made for cannabis testing equipment in the current period than was necessary in the comparative period.

 

Net Cash Provided by Financing Activities

 

During the nine months ended June 30, 2018, net cash provided by financing activities was $268,608, compared to $300,000 for the same period ended June 30, 2017.

 

Ability to Continue as a Going Concern

 

As of June 30, 2018, our balance of cash on hand was $40,070. We currently may not have sufficient funds to sustain our operations for the next twelve months and we may need to raise additional cash to fund our operations and expand our lab testing business. As we continue to develop our lab testing business and attempt to expand operational activities, we expect to experience net negative cash flows from operations in amounts not now determinable, and will be required to obtain additional financing to fund operations through common stock offerings to the extent necessary to provide working capital. We have and expect to continue to have substantial capital expenditure and working capital needs.

 

The Company has incurred recurring losses from operations resulting in an accumulated deficit, and, as set forth above, the Company’s cash on hand is not sufficient to sustain operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new customers to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. In the event sales do not materialize at the expected rates, management would seek additional financing or would attempt to conserve cash by further reducing expenses. There can be no assurance that we will be successful in achieving these objectives, becoming profitable or continuing our business without either a temporary interruption or a permanent cessation. In addition, additional financing may result in substantial dilution to existing stockholders.

 

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. The unaudited consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

 19 
 

 

Off-Balance Sheet Arrangements

 

We have no outstanding off-balance sheet guarantees, interest rate swap transactions or foreign currency contracts. We do not engage in trading activities involving non-exchange traded contracts.

 

Critical Accounting Policies and Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make assumptions, estimates and judgments that affect the amounts reported, including the notes thereto, and related disclosures of commitments and contingencies, if any. We have identified certain accounting policies that are significant to the preparation of our financial statements. These accounting policies are important for an understanding of our financial condition and results of operations. Critical accounting policies are those that are most important to the presentation of our financial condition and results of operations and require management’s subjective or complex judgment, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods. Certain accounting estimates are particularly sensitive because of their significance to financial statements and because of the possibility that future events affecting the estimate may differ significantly from management’s current judgments.

 

While our significant accounting policies are more fully described in notes to our consolidated financial statements appearing elsewhere in this Form 10-Q, we believe that the following accounting policies are the most critical to aid you in fully understanding and evaluating our reported financial results and affect the more significant judgments and estimates that we used in the preparation of our financial statements.

 

Revenue Recognition

 

The Company adopted Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) on October 1, 2017. This update provides guidance on recognizing revenue, including a five-step model to determine when revenue recognition is appropriate. The standard requires that an entity recognize revenue from contracts with customers to depict the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new update does not affect how the Company recognizes revenue in accordance with ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery of product has met the criteria established in the arrangement or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured. With respect to our cannabis lab testing revenues, we sell our services on a determinable fixed fee per test, or panel of tests basis, and offer a discounted price for customers that agree to exclusive or predetermined quantities of tests. We typically require payment within thirty days of the delivery of results. Revenues are recognized upon the substantial completion of the tests when collectability is reasonably assured, which is usually upon delivery of results to the customer.

 

Stock-Based Compensation

 

The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 505-50 (ASC 505-50). All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty's performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this Item

 

 20 
 

 

ITEM 4. CONTROLS AND PROCEDURES.

 

Disclosure Controls and Procedures

 

Our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2018. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on the evaluation of our disclosure controls and procedures as of June 30, 2018, our Chief Executive Officer and Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.

 

Changes in Internal Control over Financial Reporting

 

There have been no significant changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) or in other factors that occurred during the period of our evaluation or subsequent to the date we carried out our evaluation which have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. The design of any system of controls and procedures is based in part upon certain assumptions about the likelihood of future events. There can be no assurance that any system of controls and procedures will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.

 

 21 
 

 

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS.

 

We are not a party to any legal or administrative proceedings that we believe, individually or in the aggregate, would be likely to have a material adverse effect on our financial condition or results of operations.

 

ITEM 1A. RISK FACTORS.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this Item.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

 

The following issuances of equity securities by the Company were exempt from the registration requirements of the Securities Act of 1933 pursuant to Section 4(a)(2) of the Securities Act of 1933 during the three month period ended June 30, 2018:

 

On June 25, 2018, we issued 118,421 shares of common stock, restricted in accordance with Rule 144, to Joseph Bianco for his services rendered as our CEO.

 

On June 25, 2018, we issued 31,579 shares of common stock, restricted in accordance with Rule 144, to Todd Denkin for his services rendered as our President and COO.

 

On June 25, 2018, we issued 78,947 shares of common stock, restricted in accordance with Rule 144, to Todd Peterson for his services rendered as our CFO.

  

The following issuances of common stock and warrants during the three month period ended June 30, 2018 are restricted securities as defined in Rule 144 promulgated under the Securities Act of 1933. The issuances were exempt from the registration requirements of the Securities Act of 1933 pursuant to Section 4(a)(2) thereof and/or Rule 506 of Regulation D promulgated thereunder. The purchasers were accredited investors, familiar with our operations, and there was no general solicitation.

 

On April 13, 2018, the Company sold 14 units, consisting of an aggregate of 140,000 shares of its common stock and warrants to purchase 70,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $25,200.

 

On April 12, 2018, the Company sold 28 units, consisting of an aggregate of 280,000 shares of its common stock and warrants to purchase 140,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,400.

 

On April 10, 2018, the Company sold 27.78 units, consisting of an aggregate of 277,778 shares of its common stock and warrants to purchase 138,889 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,000.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES.

 

Not applicable.

 

ITEM 5. OTHER INFORMATION.

 

None.

 

 22 
 

 

ITEM 6. EXHIBITS.

 

Exhibit   Description
3.1   Articles of Incorporation (incorporated by reference to Exhibit 3.1 of the Form 10 filed with the Securities and Exchange Commission by Digipath, Inc. on July 15, 2011)
3.2   Bylaws (incorporated by reference to Exhibit 3.2 of the Form 10 filed with the Securities and Exchange Commission by Digipath, Inc. on July 15, 2011)
3.3   Certificate of Amendment to Articles of Incorporation dated April 4, 2014 (incorporated by reference to Exhibit 3.1 of the Report on Form 8-K filed with the Securities and Exchange Commission by Digipath, Inc. on April 10, 2014)
3.4   Certificate of Designations, Preferences, Limitations, Restrictions and Relative Rights of Series A Convertible Preferred Stock dated April 9, 2014 (incorporated by reference to Exhibit 3.2 of the Report on Form 8-K filed with the Securities and Exchange Commission by Digipath, Inc. on April 10, 2014)
3.5   Certificate of Amendment to Articles of Incorporation dated May 22, 2015 (incorporated by reference to Exhibit 3.1 of the Report on Form 8-K filed with the Securities and Exchange Commission by Digipath, Inc. on May 26, 2015)
31.1*   Section 302 Certification of Chief Executive Officer
31.2*   Section 302 Certification of Chief Financial Officer
32.1*   Section 906 Certification of Chief Executive Officer
32.2*   Section 906 Certification of Chief Financial Officer
101.INS*   XBRL Instance Document
101.SCH*   XBRL Schema Document
101.CAL*   XBRL Calculation Linkbase Document
101.DEF*   XBRL Definition Linkbase Document
101.LAB*   XBRL Labels Linkbase Document
101.PRE*   XBRL Presentation Linkbase Document

* Filed herewith.

 

 23 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: August 14, 2018

 

DIGIPATH, INC.  
     
By: /s/ Todd Denkin  
Name: Todd Denkin  
Title: Chief Executive Officer and Director  
     
By: /s/ Todd Peterson  
Name: Todd Peterson  
Title: Chief Financial Officer and Secretary  

 

 24 
 

 

GRAPHIC 2 image_001.jpg begin 644 image_001.jpg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end EX-31.1 3 ex31-1.htm

 

EXHIBIT 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO

SECURITIES EXCHANGE ACT RULES 13A-14 AND 15D-14

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Todd Denkin, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2018 of Digipath, Inc.;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
   
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

 

Dated: August 14, 2018

 

/s/ Todd Denkin  
Todd Denkin, Chief Executive Officer  
(Principal Executive Officer)  

 

   
 

 

EX-31.2 4 ex31-2.htm

 

EXHIBIT 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO

SECURITIES EXCHANGE ACT RULES 13A-14 AND 15D-14

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Todd Peterson, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2018 of Digipath, Inc.;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
   
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

 

Date: August 14, 2018

 

/s/ Todd Peterson  
Todd Peterson, Chief Financial Officer  
(Principal Financial Officer)  

 

   
 
EX-32.1 5 ex32-1.htm

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Digipath, Inc. (the “Company”) on Form 10-Q for the period ending June 30, 2018 (the “Report”) I, Todd Denkin, Chief Executive Officer of the Company, certify, pursuant to 18 USC Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Dated: August 14, 2018

 

/s/ Todd Denkin  
Todd Denkin, Chief Executive Officer  

 

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

 

   
 

EX-32.2 6 ex32-2.htm

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Digipath, Inc. (the “Company”) on Form 10-Q for the period ending June 30, 2018 (the “Report”) I, Todd Peterson, Chief Financial Officer of the Company, certify, pursuant to 18 USC Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Dated: August 14, 2018

 

/s/ Todd Peterson  
Todd Peterson, Chief Financial Officer  

 

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

 

   
 
GRAPHIC 7 image_002.jpg begin 644 image_002.jpg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digp-20180630.xml XBRL INSTANCE FILE 0001502966 2017-10-01 2018-06-30 0001502966 2016-09-30 0001502966 DIGP:TwoThousandTwleveStockIncentivePlanMember 2016-06-20 2016-06-21 0001502966 2017-09-30 0001502966 us-gaap:FairValueInputsLevel1Member 2017-09-30 0001502966 us-gaap:FairValueInputsLevel2Member 2017-09-30 0001502966 us-gaap:FairValueInputsLevel3Member 2017-09-30 0001502966 2017-06-30 0001502966 2018-06-30 0001502966 2016-10-01 2017-06-30 0001502966 us-gaap:InterestIncomeMember 2017-10-01 2018-06-30 0001502966 us-gaap:DebtMember 2017-10-01 2018-06-30 0001502966 DIGP:EntitiesUnderCommonControlAndOwnershipOneMember 2017-10-01 2018-06-30 0001502966 DIGP:EntitiesUnderCommonControlAndOwnershipTwoMember 2017-10-01 2018-06-30 0001502966 DIGP:EntitiesUnderCommonControlAndOwnershipThreeMember 2017-10-01 2018-06-30 0001502966 DIGP:EntitiesUnderCommonControlAndOwnershipFourMember 2017-10-01 2018-06-30 0001502966 us-gaap:ChiefFinancialOfficerMember 2017-12-21 2017-12-22 0001502966 DIGP:DrAlfredoAxtmayerMember 2017-12-21 2017-12-22 0001502966 us-gaap:FairValueInputsLevel1Member 2018-06-30 0001502966 us-gaap:FairValueInputsLevel2Member 2018-06-30 0001502966 us-gaap:FairValueInputsLevel3Member 2018-06-30 0001502966 us-gaap:ConvertiblePreferredStockMember 2018-06-30 0001502966 us-gaap:SeriesAPreferredStockMember 2018-06-30 0001502966 us-gaap:SeriesAPreferredStockMember 2017-10-01 2017-12-31 0001502966 2017-12-18 2017-12-20 0001502966 us-gaap:CommonStockMember 2017-12-18 2017-12-20 0001502966 us-gaap:CommonStockMember 2017-12-20 0001502966 2017-12-13 2017-12-14 0001502966 us-gaap:CommonStockMember 2017-12-13 2017-12-14 0001502966 us-gaap:CommonStockMember 2017-12-14 0001502966 DIGP:CommonStockUnitMember 2017-12-13 2017-12-14 0001502966 DIGP:CommonStockOneMember 2017-12-13 2017-12-14 0001502966 DIGP:CommonStockOneMember 2017-12-14 0001502966 DIGP:ChiefScientistMember 2017-11-28 2017-11-29 0001502966 DIGP:ChiefScientistMember 2017-10-01 2018-06-30 0001502966 DIGP:TenEmployeesMember 2017-11-28 2017-11-29 0001502966 DIGP:TenEmployeesMember 2017-10-01 2018-06-30 0001502966 DIGP:CommonStockWarrantMember 2018-06-30 0001502966 DIGP:CommonStockWarrantMember 2017-12-20 0001502966 DIGP:CommonStockWarrantMember 2017-12-19 2017-12-20 0001502966 DIGP:CommonStockWarrantMember 2017-12-14 0001502966 DIGP:CommonStockWarrantMember 2017-12-13 2017-12-14 0001502966 DIGP:ThreeConsultantsMember 2017-11-28 2017-11-29 0001502966 2017-04-01 2017-06-30 0001502966 2018-04-01 2018-06-30 0001502966 us-gaap:ChiefExecutiveOfficerMember 2018-03-25 2018-03-26 0001502966 us-gaap:ChiefFinancialOfficerMember 2018-03-25 2018-03-26 0001502966 DIGP:TwoOptionHolderMember 2018-01-01 2018-01-03 0001502966 2018-01-01 2018-01-02 0001502966 2018-01-01 2018-01-03 0001502966 2018-01-03 0001502966 DIGP:ConsultantMember 2018-03-25 2018-03-26 0001502966 2017-10-01 2017-12-31 0001502966 DIGP:TwoOptionHolderMember 2018-01-01 2018-01-02 0001502966 2018-08-13 0001502966 us-gaap:ChiefExecutiveOfficerMember 2018-06-24 2018-06-25 0001502966 us-gaap:ChiefFinancialOfficerMember 2018-06-24 2018-06-25 0001502966 us-gaap:SeriesAPreferredStockMember 2018-01-01 2018-03-31 0001502966 2018-04-08 2018-04-13 0001502966 2018-04-09 2018-04-12 0001502966 2018-04-08 2018-04-10 0001502966 us-gaap:CommonStockMember 2018-04-08 2018-04-13 0001502966 us-gaap:CommonStockMember 2018-04-09 2018-04-12 0001502966 us-gaap:CommonStockMember 2018-04-08 2018-04-10 0001502966 us-gaap:CommonStockMember 2018-04-13 0001502966 us-gaap:CommonStockMember 2018-04-12 0001502966 us-gaap:CommonStockMember 2018-04-10 0001502966 DIGP:ConsultantOneMember 2018-06-24 2018-06-25 0001502966 DIGP:ConsultantTwoMember 2018-06-24 2018-06-25 0001502966 2018-01-01 2018-03-31 0001502966 us-gaap:CommonStockMember 2018-04-30 0001502966 us-gaap:CommonStockMember 2018-04-01 2018-04-30 0001502966 us-gaap:SubsequentEventMember 2018-07-10 2018-07-11 0001502966 us-gaap:SubsequentEventMember 2018-07-11 0001502966 DIGP:PresidentAndChiefOperatingOfficerMember 2017-12-21 2017-12-22 0001502966 DIGP:PresidentAndChiefOperatingOfficerMember 2017-12-22 0001502966 DIGP:PresidentAndChiefOperatingOfficerMember 2017-10-01 2018-06-30 0001502966 DIGP:PresidentAndChiefOperatingOfficerMember 2018-06-24 2018-06-25 0001502966 DIGP:PresidentAndChiefOperatingOfficerMember 2018-03-25 2018-03-26 0001502966 2017-12-31 0001502966 2017-12-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure DIGP:Segment false --09-30 Smaller Reporting Company 1897942 1425942 1425942 1897942 1425942 1425942 0.001 0.001 90000000 90000000 35027118 40897568 35027118 40897568 0001502966 Q3 0.001 0.001 10000000 10000000 377204 224294 268608 300000 18000 25000 100008 25200 50400 50000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 2 &#8211; Going Concern</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As shown in the accompanying condensed consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of ($12,876,159), and as of June 30, 2018, the Company&#8217;s cash on hand may not be sufficient to sustain operations. These factors raise substantial doubt about the Company&#8217;s ability to continue as a going concern. Management is actively pursuing new customers to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. Management believes these factors will contribute toward achieving profitability. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company&#8217;s ability to continue as a going concern. These financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 3 &#8211; Related Party Transactions</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock Based Compensation for Services</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 118,421 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $22,500 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 31,579 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $6,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 78,947 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $15,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 207,852 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $45,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 55,427 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $12,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 138,568 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $30,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, the Company issued 300,000 shares of common stock to its CFO as a bonus for services rendered. The aggregate fair value of the common stock was $78,828 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed in full.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, the Company issued 100,000 shares of common stock to Dr. Alfredo Axtmayer for his service on our Board of Directors. The aggregate fair value of the common stock was $26,276 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed in full.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, we granted fully vested options to purchase 500,000 shares of common stock as compensation for services to our President and COO. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.2094, was $104,698. The options were expensed over the vesting period, resulting in $104,698 of stock based compensation expense during the nine months ended June 30, 2018.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 4 &#8211; Fair Value of Financial Instruments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has certain financial instruments that must be measured under the new fair value standard. The Company&#8217;s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 30.6pt; text-align: justify">Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 30.6pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 30.6pt; text-align: justify">Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 30.6pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 30.6pt; text-align: justify">Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 30.6pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2018 and September 30, 2017, respectively:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Fair Value Measurements at June 30, 2018</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 55%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Fair Value Measurements at September 30, 2017</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 55%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">178,177</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">178,177</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">178,177</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of our intellectual properties are deemed to approximate book value, and are considered Level 3 inputs as defined by ASC Topic 820-10-35.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3 inputs for the nine months ended June 30, 2018 or the year ended September 30, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 5 &#8211; Accounts Receivable</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable was $200,867 and $266,613 at June 30, 2018 and September 30, 2017, respectively, net of allowance for doubtful accounts of $85,221 and $32,180 at June 30, 2018 and September 30, 2017, respectively.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 6 &#8211; Fixed Assets</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets consist of the following at June 30, 2018 and September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">June 30,</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">September 30,</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="width: 72%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">123,492</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">121,617</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Office equipment</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">52,520</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">36,080</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixtures</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">28,486</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,285</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Lab equipment</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,099,942</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">938,450</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvements</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">489,147</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">489,147</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,793,587</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,599,579</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(785,755</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(572,530</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,007,832</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,027,049</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation and amortization expense totaled $213,225 and $186,922 for the nine months ended June 30, 2018 and 2017, respectively.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 7 - Changes in Stockholders&#8217; Equity</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Convertible Preferred Stock</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001 per share, of which 6,000,000 have been designated as Series A Convertible Preferred Stock (&#8220;Series A Preferred&#8221;), with the remaining 4,000,000 shares available for designation from time to time by the Board as set forth below. As of June 30, 2018, there were 1,425,942 shares of Series A Preferred issued and outstanding. The Board of Directors is authorized to determine any number of series into which the undesignated shares of preferred stock may be divided and to determine the rights, preferences, privileges and restrictions granted to any series of the preferred stock. Shares of Series A Preferred are convertible into common stock at a fixed conversion rate of $0.20 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The conversion price is adjustable in the event of stock splits and other adjustments in the Company&#8217;s capitalization, and in the event of certain negative actions undertaken by the Company. At the current conversion price, the 1,425,942 shares of Series A Preferred outstanding at June 30, 2018 are convertible into 7,129,710 shares of the common stock of the Company. No holder is permitted to convert its shares of Series A Preferred if such conversion would cause the holder to beneficially own more than 4.99% of the issued and outstanding common stock of the Company immediately after such conversion, unless waived by such holder by providing at least sixty-five days&#8217; notice.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Preferred Stock Conversions</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended March 31, 2018, a total of 322,000 Series A Preferred shares were converted into 1,610,000 shares of common stock. The stock was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended December 31, 2017, a total of 150,000 Series A Preferred shares were converted into 750,000 shares of common stock. The stock was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Common Stock</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Common stock consists of $0.001 par value, 90,000,000 shares authorized, of which 40,897,568 shares were issued and outstanding as of June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Common Stock Sales</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 13, 2018, the Company sold 14 units, consisting of an aggregate of 140,000 shares of its common stock and warrants to purchase 70,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $25,200. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 12, 2018, the Company sold 28 units, consisting of an aggregate of 280,000 shares of its common stock and warrants to purchase 140,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,400. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 10, 2018, the Company sold 27.78 units, consisting of an aggregate of 277,778 shares of its common stock and warrants to purchase 138,889 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 20, 2017, the Company sold 10 units, consisting of an aggregate of 100,000 shares of its common stock and warrants to purchase 50,000 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $18,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 14, 2017, the Company sold 13.89 units, consisting of an aggregate of 138,889 shares of its common stock and warrants to purchase 69,445 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $25,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 14, 2017, the Company sold 55.56 units, consisting of an aggregate of 555,600 shares of its common stock and warrants to purchase 277,800 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $100,008. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Exercise of Options</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 3, 2018, two option holders exercised options to purchase a total of 500,000 shares of common stock at $0.181 per share on a cashless basis, resulting in the issuance of 317,172 shares of common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 2, 2018, an option holder exercised options to purchase 37,500 shares of common stock at $0.22 per share on a cashless basis, resulting in the issuance of 21,000 shares of common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Exercise of Warrants</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 3, 2018, a warrant holder exercised warrants to purchase 71,428 shares of common stock at $0.26 per share on a cashless basis, resulting in the issuance of 34,285 shares of common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Common Stock Issued for Services</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 118,421 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $22,500 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 31,579 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $6,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 78,947 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $15,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 131,579 shares of common stock to a consultant for business development services. The fair value of the common stock was $25,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2018, the Company issued 100,000 shares of common stock to another consultant for business development services. The fair value of the common stock was $19,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 207,852 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $45,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 55,427 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $12,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 138,568 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $30,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 26, 2018, the Company issued 69,284 shares of common stock to a consultant for business development services. The fair value of the common stock was $15,000 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, the Company issued 300,000 shares of common stock to its CFO as a bonus for services rendered. The aggregate fair value of the common stock was $78,828 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed in full.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, the Company issued 100,000 shares of common stock to Dr. Alfredo Axtmayer for his service on our Board of Directors. The aggregate fair value of the common stock was $26,276 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed in full.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 29, 2017, a total of 314,069 shares of common stock were issued to three consultants that were engaged to assist the Company with acquisition activities. The aggregate fair value of the common stock was $82,600 based on the closing price of the Company&#8217;s common stock on the date of grant, and was expensed over the requisite service period that ended on December 31, 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Amortization of Stock Options</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A total of $438,683 of stock-based compensation expense was recognized from the amortization of options over their vesting period during the nine months ended June 30, 2018.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 8 &#8211; Common Stock Options</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock Incentive Plan</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 21, 2016, we amended and restated our 2012 Stock Incentive Plan (the &#8220;2012 Plan&#8221;), which was originally adopted on March 5, 2012 and previously amended on May 20, 2014. As amended, the 2012 Plan provides for the issuance of up to 11,500,000 shares of common stock pursuant to the grant of options or other awards, including stock grants, to employees, officers or directors of, and consultants to, the Company and its subsidiaries. Options granted under the 2012 Plan may either be intended to qualify as incentive stock options under the Internal Revenue Code of 1986, or may be non-qualified options, and are exercisable over periods not exceeding ten years from date of grant.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A total of 8,352,500 options were outstanding as of June 30, 2018. During the three months ended June 30, 2018, options to purchase an aggregate total of 40,000 shares of common stock at a weighted average exercise price of $0.27 per share expired, during the three months ended March 31, 2018, options to purchase an aggregate total of 55,000 shares of common stock at a weighted average exercise price of $0.24 per share expired, and during the three months ended December 31, 2017, options to purchase an aggregate total of 1,110,000 shares of common stock at a weighted average exercise price of $0.40 per share also expired.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 3, 2018, two option holders exercised options to purchase a total of 500,000 shares of common stock at $0.181 per share on a cashless basis, resulting in the issuance of 317,172 shares of common stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 2, 2018, an option holder exercised options to purchase 37,500 shares of common stock at $0.22 per share on a cashless basis, resulting in the issuance of 21,000 shares of common stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 22, 2017, we granted fully vested options to purchase 500,000 shares of common stock as compensation for services to our then President and COO. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.2094, was $104,698. The options were expensed over the vesting period, resulting in $104,698 of stock based compensation expense during the nine months ended June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 29, 2017, we granted fully vested options to purchase 100,000 shares of common stock as compensation for services to our Chief Scientist. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.21, was $21,004. The options were expensed over the vesting period, resulting in $21,004 of stock based compensation expense during the nine months ended June 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 29, 2017, we granted fully vested options to purchase an aggregate of 205,000 shares of common stock as compensation for services to a total of ten of our employees. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.21, was $43,057. The options were expensed over the vesting period, resulting in $43,057 of stock based compensation expense during the nine months ended June 30, 2018.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 9 &#8211; Common Stock Warrants</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Warrants to purchase a total of 6,117,128 shares of common stock were outstanding as of June 30, 2018. On January 3, 2018, a warrant holder exercised warrants to purchase 71,428 shares of common stock at $0.26 per share on a cashless basis, resulting in the issuance of 34,285 shares of common stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 31, 2017, warrants to purchase 200,000 shares of common stock at $0.30 per share expired, and on December 30, 2017, warrants to purchase another 300,000 shares of common stock at $0.45 per share also expired.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Warrants to purchase an aggregate 348,889 shares of common stock at $0.30 per share over a 36 month period were issued at various dates in April of 2018 pursuant to unit offerings for the sale of an aggregate of 697,778 shares of common stock in exchange for total proceeds of $125,600.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Warrants to purchase 50,000 shares of common stock at $0.26 per share over a 36 month period were issued on December 20, 2017 pursuant to a unit offering for the sale of 100,000 shares of common stock in exchange for proceeds of $18,000, and warrants to purchase a total of 347,245 shares of common stock at $0.26 per share over a 36 month period were issued on December 14, 2017 pursuant to two unit offerings for the sale of an aggregate 694,489 shares of common stock in exchange for total proceeds of $125,008.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 11 - Income Tax</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes under FASB ASC 740-10, which requires use of the liability method. FASB ASC 740-10-25 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For the nine months ended June 30, 2018 and the year ended September 30, 2017, the Company incurred a net operating loss and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At June 30, 2018, the Company had approximately $7,787,000 of federal net operating losses. The net operating loss carry forwards, if not utilized, will begin to expire in 2031.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on the available objective evidence, including the Company&#8217;s history of its loss, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at June 30, 2018 and September 30, 2017, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no uncertain tax positions.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 12 &#8211; Subsequent Events</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Common Stock Sales</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 11, 2018, the Company sold 66.67 units, consisting of 666,667 shares of its common stock and warrants to purchase 333,334 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $100,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2018 and September 30, 2017, respectively:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Fair Value Measurements at June 30, 2018</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 55%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40,070</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Fair Value Measurements at September 30, 2017</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Assets</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 55%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">178,177</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">178,177</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">178,177</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets consist of the following at June 30, 2018 and September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">June 30,</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">September 30,</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="width: 72%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">123,492</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">121,617</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Office equipment</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">52,520</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">36,080</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixtures</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">28,486</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,285</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Lab equipment</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,099,942</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">938,450</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvements</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">489,147</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">489,147</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,793,587</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,599,579</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(785,755</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(572,530</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,007,832</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,027,049</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> -1379488 -758337 -408577 -500075 163998 229903 163998 229903 42004 30894 121994 196234 1571236 1342148 1027049 1007832 544187 334316 25647 25647 73750 67732 266613 200867 1898 1426 35027 40898 12866984 13946080 -11496671 -12876159 1571236 1342148 -1379488 -760897 -417657 -500075 -2560 -9080 85912 263000 3000 43012 85912 263000 3000 43012 -1465400 -1021337 -411577 -543087 2125512 1676581 585163 543971 964269 745437 279843 228482 1108202 907994 300924 360689 660112 655244 173586 884 2223630 1296115 389315 521772 38237869 27849386 31542189 40374897 -0.04 -0.03 -0.01 -0.01 472000 1372500 135390 178177 113963 40070 -138107 -21427 268608 300000 -194008 -136894 194008 136894 -212707 -184533 -11110 -33953 74240 -3239 -6018 48404 -12705 96429 438683 299760 213225 186922 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of Presentation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). Intercompany accounts and transactions have been eliminated.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements of the Company and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with GAAP and do not contain certain information included in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended September 30, 2017. The interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principles of Consolidation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 62%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 18%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">State of</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 18%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Name of Entity<sup>(1)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Incorporation</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Digipath, Inc.<sup>(2)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Parent</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Digipath Labs, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">TNM News, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">GroSciences, Inc.<sup>(3)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Colorado</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>&#160;</sup></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1) </sup>All entities are in the form of a corporation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: -9pt"><sup>(2) </sup>Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(3) </sup>Entity formed for prospective purposes, but has not incurred any income or expenses to date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements herein contain the operations of the wholly-owned subsidiaries listed above. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company and subsidiaries will be collectively referred to herein as the &#8220;Company&#8221;, &#8220;Digipath&#8221; or &#8220;DIGP&#8221;. The Company&#8217;s headquarters are located in Las Vegas, Nevada and substantially all of its customers are within the United States.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Reclassifications</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior period interest income in the amount of $7,500 has been reclassified to net against the related $7,500 of bad debt expense to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash flows.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Segment Reporting</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 280, &#8220;Segment Reporting,&#8221; requires use of the &#8220;management approach&#8221; model for segment reporting. The management approach model is based on the way a company&#8217;s management organizes segments within the company for making operating decisions and assessing performance. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair Value of Financial Instruments</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company&#8217;s financial statements as reflected herein. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify"><u>Revenue Recognition</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective January 1, 2018, the Company adopted ASC 606 &#8212; Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 &#8212; Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There was no impact on the Company&#8217;s financial statements as a result of adopting ASC 606 for the nine months ended June 30, 2018 and 2017, or the twelve months ended September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is primarily generated through our subsidiary, Digipath Labs, Inc., which recognizes revenue from the analytical testing of cannabis products to licensed producers and cultivators within the state of Nevada on a determinable fixed fee per test, or panel of tests basis. Revenue from the performance of those services is recognized upon completion of the tests, at which time test results are delivered to the customer, provided collectability of the fee is reasonably assured. We typically require payment within thirty days of the delivery of results. Management estimates an allowance for doubtful accounts based on the aging of its receivables.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company also recognizes revenue through our subsidiary, TNM News Corp., which primarily recognizes revenue from advertisements through partnered merchants. Payment for ad revenues are received prior to the distribution of the ad campaign, and the revenues are recognized ratably over the campaign. The Company defers any revenue for which the term of the campaign has not yet been realized. To date, these revenues have not been materially significant.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock-Based Compensation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 505-50 (ASC 505-50). All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty&#8217;s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Recent Accounting Pronouncements</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2018, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2018-07, <i>Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting</i>, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2018, the FASB issued ASU No. 2018-05, <i>Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118</i>. The amendment provides guidance on accounting for the impact of the Tax Cuts and Jobs Act (the &#8220;Tax Act&#8221;) and allows entities to complete the accounting under ASC 740 within a one-year measurement period from the Tax Act enactment date. This standard is effective upon issuance. The Tax Act has several significant changes that impact all taxpayers, including a transition tax, which is a one-time tax charge on accumulated, undistributed foreign earnings. The calculation of accumulated foreign earnings requires an analysis of each foreign entity&#8217;s financial results going back to 1986. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2018, the FASB issued ASU No. 2018-02, <i>Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</i>. The guidance permits entities to reclassify tax effects stranded in Accumulated Other Comprehensive Income as a result of tax reform to retained earnings. This new guidance is effective for annual and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted in annual and interim periods and can be applied retrospectively or in the period of adoption. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2017, the FASB issued ASU 2017-09, <i>Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting</i>, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the FASB issued ASU No. 2014-09, <i>Revenue from Contracts with Customers</i>. Since ASU 2014-09 was issued, several additional ASUs have been issued to clarify various elements of the guidance. These standards provide guidance on recognizing revenue, including a five-step model to determine when revenue recognition is appropriate. The standard requires that an entity recognize revenue to depict the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the new standard to be effective with our first interim reporting period for the three months ended December 31, 2017. We use the modified retrospective method of adoption. We have completed an initial evaluation of the potential impact from adopting the new standard, including a detailed review of performance obligations for all material revenue streams. Based on this initial evaluation, adoption does not have a material impact on our financial position, results of operations, or cash flows. Related disclosures have been expanded in line with the requirements of the standard.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There are no other recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 62%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 18%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">State of</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 18%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Name of Entity<sup>(1)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Incorporation</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Digipath, Inc.<sup>(2)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Parent</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Digipath Labs, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">TNM News, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">GroSciences, Inc.<sup>(3)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Colorado</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>&#160;</sup></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1) </sup>All entities are in the form of a corporation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: -9pt"><sup>(2) </sup>Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(3) </sup>Entity formed for prospective purposes, but has not incurred any income or expenses to date.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 10 &#8211; Other Income</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Other income for the nine months ended June 30, 2018 and 2017 consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">June 30,</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="width: 72%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Settlement income on license agreement</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Rental income on subleases</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">57,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Restitution income</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">28,312</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">85,912</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">263,000</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Other income for the nine months ended June 30, 2018 and 2017 consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">June 30,</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="width: 72%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Settlement income on license agreement</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Rental income on subleases</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">57,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Restitution income</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">28,312</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">85,912</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">263,000</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 1 &#8211; Organization, Basis of Presentation and Significant Accounting Policies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Organization</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Digipath, Inc. was incorporated in Nevada on October 5, 2010. Digipath, Inc. and its subsidiaries (&#8220;Digipath,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or &#8220;us&#8221;) supports the cannabis industry&#8217;s best practices for reliable testing, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Our business units are described below.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; background-color: white"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><img src="image_001.jpg" alt="" style="width: 13px; height: 13px" /></td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white"><u>Digipath Labs, Inc</u>. Digipath Labs&#8217; mission is to provide pharmaceutical-grade analysis and testing to the cannabis industry to ensure consumers and patients know exactly what is in the cannabis they ingest and to help maximize the quality of our clients&#8217; products through research, development, and standardization. We have been operating a cannabis testing lab in Nevada since 2015 and have plans to open labs in other states that have legalized the sale of cannabis, beginning with California.</font></td></tr> <tr style="vertical-align: top"> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif"><img src="image_001.jpg" alt="" /></td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white"><u>The National Marijuana News Corp</u>. provides a balanced and unbiased approach to cannabis news, interviews and education with a news/talk radio show, app, national marijuana news website and social media presence focusing on the political, economic, medicinal, scientific, and cultural dimensions of the rapidly evolving&#8212;and profoundly controversial&#8212;medicinal and recreational marijuana industry.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of Presentation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;). Intercompany accounts and transactions have been eliminated.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements of the Company and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with GAAP and do not contain certain information included in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended September 30, 2017. The interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principles of Consolidation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 62%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 18%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">State of</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 18%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Name of Entity<sup>(1)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Incorporation</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Digipath, Inc.<sup>(2)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Parent</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Digipath Labs, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> <tr style="vertical-align: top; background-color: #CCFFCC"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">TNM News, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Nevada</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">GroSciences, Inc.<sup>(3)</sup></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Colorado</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Subsidiary</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>&#160;</sup></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1) </sup>All entities are in the form of a corporation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: -9pt"><sup>(2) </sup>Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(3) </sup>Entity formed for prospective purposes, but has not incurred any income or expenses to date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements herein contain the operations of the wholly-owned subsidiaries listed above. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company and subsidiaries will be collectively referred to herein as the &#8220;Company&#8221;, &#8220;Digipath&#8221; or &#8220;DIGP&#8221;. The Company&#8217;s headquarters are located in Las Vegas, Nevada and substantially all of its customers are within the United States.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Reclassifications</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior period interest income in the amount of $7,500 has been reclassified to net against the related $7,500 of bad debt expense to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Segment Reporting</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC Topic 280, &#8220;Segment Reporting,&#8221; requires use of the &#8220;management approach&#8221; model for segment reporting. The management approach model is based on the way a company&#8217;s management organizes segments within the company for making operating decisions and assessing performance. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair Value of Financial Instruments</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company&#8217;s financial statements as reflected herein. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.35pt; text-align: justify"><u>Revenue Recognition</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective January 1, 2018, the Company adopted ASC 606 &#8212; Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 &#8212; Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There was no impact on the Company&#8217;s financial statements as a result of adopting ASC 606 for the nine months ended June 30, 2018 and 2017, or the twelve months ended September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is primarily generated through our subsidiary, Digipath Labs, Inc., which recognizes revenue from the analytical testing of cannabis products to licensed producers and cultivators within the state of Nevada on a determinable fixed fee per test, or panel of tests basis. Revenue from the performance of those services is recognized upon completion of the tests, at which time test results are delivered to the customer, provided collectability of the fee is reasonably assured. We typically require payment within thirty days of the delivery of results. Management estimates an allowance for doubtful accounts based on the aging of its receivables.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company also recognizes revenue through our subsidiary, TNM News Corp., which primarily recognizes revenue from advertisements through partnered merchants. Payment for ad revenues are received prior to the distribution of the ad campaign, and the revenues are recognized ratably over the campaign. The Company defers any revenue for which the term of the campaign has not yet been realized. To date, these revenues have not been materially significant.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock-Based Compensation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 505-50 (ASC 505-50). All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty&#8217;s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Recent Accounting Pronouncements</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2018, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2018-07, <i>Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting</i>, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2018, the FASB issued ASU No. 2018-05, <i>Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118</i>. The amendment provides guidance on accounting for the impact of the Tax Cuts and Jobs Act (the &#8220;Tax Act&#8221;) and allows entities to complete the accounting under ASC 740 within a one-year measurement period from the Tax Act enactment date. This standard is effective upon issuance. The Tax Act has several significant changes that impact all taxpayers, including a transition tax, which is a one-time tax charge on accumulated, undistributed foreign earnings. The calculation of accumulated foreign earnings requires an analysis of each foreign entity&#8217;s financial results going back to 1986. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2018, the FASB issued ASU No. 2018-02, <i>Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</i>. The guidance permits entities to reclassify tax effects stranded in Accumulated Other Comprehensive Income as a result of tax reform to retained earnings. This new guidance is effective for annual and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted in annual and interim periods and can be applied retrospectively or in the period of adoption. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2017, the FASB issued ASU 2017-09, <i>Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting</i>, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the FASB issued ASU No. 2014-09, <i>Revenue from Contracts with Customers</i>. Since ASU 2014-09 was issued, several additional ASUs have been issued to clarify various elements of the guidance. These standards provide guidance on recognizing revenue, including a five-step model to determine when revenue recognition is appropriate. The standard requires that an entity recognize revenue to depict the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the new standard to be effective with our first interim reporting period for the three months ended December 31, 2017. We use the modified retrospective method of adoption. We have completed an initial evaluation of the potential impact from adopting the new standard, including a detailed review of performance obligations for all material revenue streams. Based on this initial evaluation, adoption does not have a material impact on our financial position, results of operations, or cash flows. Related disclosures have been expanded in line with the requirements of the standard.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There are no other recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Organization</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Digipath, Inc. was incorporated in Nevada on October 5, 2010. Digipath, Inc. and its subsidiaries (&#8220;Digipath,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or &#8220;us&#8221;) supports the cannabis industry&#8217;s best practices for reliable testing, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Our business units are described below.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; background-color: white"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><img src="image_001.jpg" alt="" /></td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white"><u>Digipath Labs, Inc</u>. Digipath Labs&#8217; mission is to provide pharmaceutical-grade analysis and testing to the cannabis industry to ensure consumers and patients know exactly what is in the cannabis they ingest and to help maximize the quality of our clients&#8217; products through research, development, and standardization. We have been operating a cannabis testing lab in Nevada since 2015 and have plans to open labs in other states that have legalized the sale of cannabis, beginning with California.</font></td></tr> <tr style="vertical-align: top"> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif"><img src="image_001.jpg" alt="" /></td> <td style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif; background-color: white"><u>The National Marijuana News Corp</u>. provides a balanced and unbiased approach to cannabis news, interviews and education with a news/talk radio show, app, national marijuana news website and social media presence focusing on the political, economic, medicinal, scientific, and cultural dimensions of the rapidly evolving&#8212;and profoundly controversial&#8212;medicinal and recreational marijuana industry.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> DigiPath,Inc. DIGP 7500 7500 1 Digipath, Inc. Digipath Labs, Inc. TNM News, Inc. GroSciences, Inc. Nevada Nevada Nevada Colorado Parent Subsidiary Subsidiary Subsidiary 1010000 300000 100000 314069 207852 138568 69284 118421 78947 131579 100000 31579 55427 0.27 1.12 1.12 1.12 178177 40070 178177 40070 178177 40070 32180 85221 213225 186922 121617 123492 36080 52520 14285 28486 938450 1099942 489147 489147 1599579 1793587 572530 785755 6000000 4000000 150000 322000 750000 1610000 10 100000 13.89 138889 55.56 555600 100000 694489 14 28 27.78 140000 280000 277778 697778 66.67 50000 69445 277800 6117128 50000 347245 71428 70000 140000 138889 348889 333334 200000 300000 78828 26276 82600 45000 30000 15000 22500 15000 25000 19000 6000 12000 438683 11500000 P10Y P10Y P10Y 0.27 0.27 0.27 0.181 0.22 0.40 0.22 0.24 0.27 0.21 0.21 0.2094 21004 43057 104698 100000 205000 500000 0.26 0.26 0.26 0.26 0.26 0.26 0.30 0.30 0.30 .30 .30 0.30 0.45 250000 57600 3000 28312 10000 18000 125008 125600 100000 317172 21000 34285 21000 666667 1407238 1112245 41564235 40000 500000 37500 1110000 37500 55000 8352500 21004 43057 104698 P36M P36M P36M P36M 2775 14203 -2560 0.20 7129710 0.0499 2018 53041 30650 2775 2018-06-30 10-Q 1563518 640871 215729 520888 53041 23150 4396 -45200 500000 The options are exercisable over a ten year period 0.2094 7787000 2031 All entities are in the form of a corporation. Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company. Entity formed for prospective purposes, but has not incurred any income or expenses to date. EX-101.SCH 9 digp-20180630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Going Concern link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Fair Value of Financial Instruments link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Accounts Receivable link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Fixed Assets link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Changes in Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Common Stock Options link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Common Stock Warrants link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Other Income link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Income Tax link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Fair Value of Financial Instruments (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Fixed Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Other Income (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Schedule of Entities Under Common Control and Ownership (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Going Concern (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Fair Value of Financial Instruments - Summary of Financial Instruments at Fair Value on Recurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Accounts Receivable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Fixed Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Fixed Assets - Schedule of Fixed Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Changes in Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Common Stock Options (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Common Stock Warrants (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Other Income - Schedule of Other Income (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Income Tax (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 digp-20180630_cal.xml XBRL CALCULATION FILE EX-101.DEF 11 digp-20180630_def.xml XBRL DEFINITION FILE EX-101.LAB 12 digp-20180630_lab.xml XBRL LABEL FILE Plan Name [Axis] 2012 Stock Incentive Plan [Member] Fair Value, Hierarchy [Axis] Level 1 [Member] Level 2 [Member] Level 3 [Member] Income Statement Location [Axis] Interest Income [Member] Financial Instrument [Axis] Bad Debt [Member] Legal Entity [Axis] Entities Under Common Control and Ownership [Member] Entities Under Common Control and Ownership [Member] Entities Under Common Control and Ownership [Member] Entities Under Common Control and Ownership [Member] Title of Individual [Axis] Chief Financial Officer [Member] Dr. Alfredo Axtmayer [Member] Class of Stock [Axis] Series A Convertible Preferred Stock [Member] Series A Preferred Stock [Member] Equity Components [Axis] Common Stock [Member] Common Stock Unit [Member] Common Stock One [Member] Chief Scientist [Member] Related Party [Axis] Ten Employees [Member] Common Stock Warrant [Member] Three Consultants [Member] Chief Executive Officer [Member] Two Option Holder [Member] Consultant [Member] Consultant One [Member] Consultant Two [Member] Subsequent Event Type [Axis] Subsequent Event [Member] President and Chief Operating Officer [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current assets: Cash Accounts receivable Prepaid expenses Deposits Total current assets Fixed assets, net Total Assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Deferred revenues Total current liabilities Total Liabilities Stockholders' Equity: Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,425,942 and 1,897,942 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively Common stock, $0.001 par value, 90,000,000 shares authorized; 40,897,568 and 35,027,118 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively Additional paid-in capital Accumulated (deficit) Total Stockholders' Equity Total Liabilities and Stockholders' Equity Series A convertible preferred stock, par value Series A convertible preferred stock, shares authorized Series A convertible preferred stock, shares issued Series A convertible preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenues Cost of sales Gross profit Operating expenses: General and administrative Professional fees Bad debts expense (recoveries) Total operating expenses Operating loss Other income: Other income Total other income Net loss Other comprehensive loss Available-for-sale investments: Change in net unrealized loss (net of tax effect) Comprehensive loss Weighted average number of common shares outstanding - basic and fully diluted Net loss per share - basic and fully diluted Statement of Cash Flows [Abstract] Cash flows from operating activities Net loss Adjustments to reconcile net loss to net cash used in operating activities: Bad debts expense Depreciation and amortization expense Stock issued for services Options and warrants granted for services Decrease (increase) in assets: Accounts receivable Prepaid expenses Deposits Increase (decrease) in liabilities: Accounts payable Accrued expenses Deferred revenues Net cash used in operating activities Cash flows from investing activities Purchase of fixed assets Net cash used in investing activities Cash flows from financing activities Proceeds from sale of common stock Net cash provided by financing activities Net decrease in cash Cash - beginning Cash - ending Supplemental disclosures: Interest paid Income taxes paid Non-cash investing and financing activities: Net change in unrealized gain (loss) on available-for-sale securities Value of preferred stock converted to common stock Accounting Policies [Abstract] Organization, Basis of Presentation and Significant Accounting Policies Organization, Consolidation and Presentation of Financial Statements [Abstract] Going Concern Related Party Transactions [Abstract] Related Party Transactions Fair Value Disclosures [Abstract] Fair Value of Financial Instruments Receivables [Abstract] Accounts Receivable Property, Plant and Equipment [Abstract] Fixed Assets Equity [Abstract] Changes in Stockholders' Equity Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Common Stock Options Common Stock Warrants Other Income and Expenses [Abstract] Other Income Income Tax Disclosure [Abstract] Income Tax Subsequent Events [Abstract] Subsequent Events Organization Basis of Presentation Principles of Consolidation Reclassifications Segment Reporting Fair Value of Financial Instruments Revenue Recognition Stock-Based Compensation Recent Accounting Pronouncements Schedule of Entities Under Common Control and Ownership Summary of Financial Instruments at Fair Value on Recurring Basis Schedule of Fixed Assets Schedule of Other Income Statement [Table] Statement [Line Items] Prior period reclassification net value Number of reportable segment Name of Entity State of Incorporation Relationship Accumulated deficit Type of Arrangement and Non-arrangement Transactions [Axis] AgreementAxis [Axis] Number of common stock shares issued for services Number of common stock issued for services Number of common stock shares compensation issued for services Options exercisable description Common stock exercise price Fair value measurements, volatility rate Call option value Stock based compensation expense Fair Value Hierarchy and NAV [Axis] Cash Total assets Total liabilities Total Allowance for doubtful accounts Depreciation and amortization expense Software Office equipment Furniture and fixtures Lab equipment Leasehold improvements Fixed assets, gross Less: accumulated depreciation Total Preferred stock, shares authorized Preferred stock, par value Preferred stock, shares designated Preferred stock, shares designated remaining Preferred stock, shares issued Preferred stock, shares outstanding Preferred stock convertible into common stock at fixed conversion price per share Preferred stock convertible into common stock shares Percentage of equity beneficial ownership Stock conversion, shares converted Stock conversion, shares issued Common stock par value Common stock authorized Common Stock, shares outstanding Number of common stock sold Number of warrant to purchase of common stock shares Warrants exercise price per share Share issued in exercise stock option Stock option exercise price per share Common stock shares issued Number of common stock issued for services Common stock issued for services Stock-based compensation expense Number of shares issued under stock plan Number of options outstanding Option to purchase shares of common stock for services Stock options exercisable period Number of shares granted fully vested common stock option Volatility rate Value of call option per share Value of option Number issuance of common stock, shares Warrant term Proceeds from issuance of warrant Settlement income on license agreement Rental income on subleases Restitution income Other income Net operating loss carry forwards Operating loss expiration year Number of units sold Agreement [Axis] Chief Operating Officer and President [Member] Chief Scientist [Member] Common Stock One [Member] Common Stock Two [Member] Common Stock Unit [Member] Common Stock Warrant [Member] Common Stock Warrants [Text Block] Consultant [Member] Consultant One [Member] Consultant Two [Member] Dr. Alfredo Axtmayer [Member] Entities Under Common Control And Ownership Four [Member] Entities Under Common Control And Ownership One [Member] Entities Under Common Control And Ownership Three [Member] Entities Under Common Control and Ownership [Member] Entity Incorporation Relationship. Lab Equipment Gross. Net change in unrealized gain (loss) on available-for-sale securities. Operating loss expiration year. Options exercisable description. Organization [Policy Text Block] Preferred stock convertible into common stock at a fixed conversion price per share. Preferred Stock Designated Preference Shares. Preferred stock, shares designated remaining. President and COO [Member] Restitution income. Schedule of Entities Under Common Control and Ownership [Table Text Block] Settlement income on license agreement. Ten Employees [Member] Three Consultants [Member] Two Option Holder [Member] Two Thousand Twleve Stock Incentive Plan [Member] Value of option. Warrant term. Bad debts expense (recoveries). President and Chief Operating Officer [Member] EntitiesUnderCommonControlAndOwnershipTwoMember EntitiesUnderCommonControlAndOwnershipThreeMember EntitiesUnderCommonControlAndOwnershipFourMember Assets, Current Assets [Default Label] Liabilities, Current Liabilities Liabilities and Equity Gross Profit Operating Expenses Operating Income (Loss) Other Nonoperating Income (Expense) Comprehensive Income (Loss), Net of Tax, Attributable to Parent Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Expense Increase (Decrease) in Deposits Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Liabilities Increase (Decrease) in Deferred Revenue Net Cash Provided by (Used in) Operating Activities Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Fair Value of Financial Instruments, Policy [Policy Text Block] Cash and Cash Equivalents, Fair Value Disclosure Depreciation, Depletion and Amortization, Nonproduction Property, Plant and Equipment, Gross Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment EX-101.PRE 13 digp-20180630_pre.xml XBRL PRESENTATION FILE XML 14 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information - shares
9 Months Ended
Jun. 30, 2018
Aug. 13, 2018
Document And Entity Information    
Entity Registrant Name DigiPath,Inc.  
Entity Central Index Key 0001502966  
Document Type 10-Q  
Document Period End Date Jun. 30, 2018  
Amendment Flag false  
Current Fiscal Year End Date --09-30  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   41,564,235
Trading Symbol DIGP  
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2018  
XML 15 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Current assets:    
Cash $ 40,070 $ 178,177
Accounts receivable 200,867 266,613
Prepaid expenses 67,732 73,750
Deposits 25,647 25,647
Total current assets 334,316 544,187
Fixed assets, net 1,007,832 1,027,049
Total Assets 1,342,148 1,571,236
Current liabilities:    
Accounts payable 196,234 121,994
Accrued expenses 30,894 42,004
Deferred revenues 2,775
Total current liabilities 229,903 163,998
Total Liabilities 229,903 163,998
Stockholders' Equity:    
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; 1,425,942 and 1,897,942 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively 1,426 1,898
Common stock, $0.001 par value, 90,000,000 shares authorized; 40,897,568 and 35,027,118 shares issued and outstanding at June 30, 2018 and September 30, 2017, respectively 40,898 35,027
Additional paid-in capital 13,946,080 12,866,984
Accumulated (deficit) (12,876,159) (11,496,671)
Total Stockholders' Equity 1,112,245 1,407,238
Total Liabilities and Stockholders' Equity $ 1,342,148 $ 1,571,236
XML 16 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2018
Sep. 30, 2017
Statement of Financial Position [Abstract]    
Series A convertible preferred stock, par value $ 0.001 $ 0.001
Series A convertible preferred stock, shares authorized 10,000,000 10,000,000
Series A convertible preferred stock, shares issued 1,425,942 1,897,942
Series A convertible preferred stock, shares outstanding 1,425,942 1,897,942
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 90,000,000 90,000,000
Common stock, shares issued 40,897,568 35,027,118
Common stock, shares outstanding 40,897,568 35,027,118
XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 521,772 $ 389,315 $ 2,223,630 $ 1,296,115
Cost of sales 520,888 215,729 1,563,518 640,871
Gross profit 884 173,586 660,112 655,244
Operating expenses:        
General and administrative 360,689 300,924 1,108,202 907,994
Professional fees 228,482 279,843 964,269 745,437
Bad debts expense (recoveries) (45,200) 4,396 53,041 23,150
Total operating expenses 543,971 585,163 2,125,512 1,676,581
Operating loss (543,087) (411,577) (1,465,400) (1,021,337)
Other income:        
Other income 43,012 3,000 85,912 263,000
Total other income 43,012 3,000 85,912 263,000
Net loss (500,075) (408,577) (1,379,488) (758,337)
Available-for-sale investments:        
Change in net unrealized loss (net of tax effect) (9,080) (2,560)
Comprehensive loss $ (500,075) $ (417,657) $ (1,379,488) $ (760,897)
Weighted average number of common shares outstanding - basic and fully diluted 40,374,897 31,542,189 38,237,869 27,849,386
Net loss per share - basic and fully diluted $ (0.01) $ (0.01) $ (0.04) $ (0.03)
XML 18 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net loss $ (1,379,488) $ (758,337)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debts expense 53,041 30,650
Depreciation and amortization expense 213,225 186,922
Stock issued for services 377,204 224,294
Options and warrants granted for services 438,683 299,760
Decrease (increase) in assets:    
Accounts receivable 12,705 (96,429)
Prepaid expenses 6,018 (48,404)
Deposits 14,203
Increase (decrease) in liabilities:    
Accounts payable 74,240 (3,239)
Accrued expenses (11,110) (33,953)
Deferred revenues 2,775
Net cash used in operating activities (212,707) (184,533)
Cash flows from investing activities    
Purchase of fixed assets (194,008) (136,894)
Net cash used in investing activities (194,008) (136,894)
Cash flows from financing activities    
Proceeds from sale of common stock 268,608 300,000
Net cash provided by financing activities 268,608 300,000
Net decrease in cash (138,107) (21,427)
Cash - beginning 178,177 135,390
Cash - ending 40,070 113,963
Supplemental disclosures:    
Interest paid
Income taxes paid
Non-cash investing and financing activities:    
Net change in unrealized gain (loss) on available-for-sale securities (2,560)
Value of preferred stock converted to common stock $ 472,000 $ 1,372,500
XML 19 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization, Basis of Presentation and Significant Accounting Policies
9 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Organization, Basis of Presentation and Significant Accounting Policies

Note 1 – Organization, Basis of Presentation and Significant Accounting Policies

 

Organization

 

Digipath, Inc. was incorporated in Nevada on October 5, 2010. Digipath, Inc. and its subsidiaries (“Digipath,” the “Company,” “we,” “our” or “us”) supports the cannabis industry’s best practices for reliable testing, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Our business units are described below.

 

  Digipath Labs, Inc. Digipath Labs’ mission is to provide pharmaceutical-grade analysis and testing to the cannabis industry to ensure consumers and patients know exactly what is in the cannabis they ingest and to help maximize the quality of our clients’ products through research, development, and standardization. We have been operating a cannabis testing lab in Nevada since 2015 and have plans to open labs in other states that have legalized the sale of cannabis, beginning with California.
     
  The National Marijuana News Corp. provides a balanced and unbiased approach to cannabis news, interviews and education with a news/talk radio show, app, national marijuana news website and social media presence focusing on the political, economic, medicinal, scientific, and cultural dimensions of the rapidly evolving—and profoundly controversial—medicinal and recreational marijuana industry.

 

Basis of Presentation

 

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Intercompany accounts and transactions have been eliminated.

 

The unaudited condensed consolidated financial statements of the Company and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with GAAP and do not contain certain information included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2017. The interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year.

 

Principles of Consolidation

 

The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:

 

    State of    
Name of Entity(1)   Incorporation   Relationship
Digipath, Inc.(2)   Nevada   Parent
Digipath Labs, Inc.   Nevada   Subsidiary
TNM News, Inc.   Nevada   Subsidiary
GroSciences, Inc.(3)   Colorado   Subsidiary

 

(1) All entities are in the form of a corporation.

(2) Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.

(3) Entity formed for prospective purposes, but has not incurred any income or expenses to date.

 

The consolidated financial statements herein contain the operations of the wholly-owned subsidiaries listed above. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company and subsidiaries will be collectively referred to herein as the “Company”, “Digipath” or “DIGP”. The Company’s headquarters are located in Las Vegas, Nevada and substantially all of its customers are within the United States.

 

These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.

 

Reclassifications

 

Prior period interest income in the amount of $7,500 has been reclassified to net against the related $7,500 of bad debt expense to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash flows.

 

Segment Reporting

 

ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

 

Fair Value of Financial Instruments

 

Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments.

 

Revenue Recognition

 

Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.

 

There was no impact on the Company’s financial statements as a result of adopting ASC 606 for the nine months ended June 30, 2018 and 2017, or the twelve months ended September 30, 2017.

 

Revenue is primarily generated through our subsidiary, Digipath Labs, Inc., which recognizes revenue from the analytical testing of cannabis products to licensed producers and cultivators within the state of Nevada on a determinable fixed fee per test, or panel of tests basis. Revenue from the performance of those services is recognized upon completion of the tests, at which time test results are delivered to the customer, provided collectability of the fee is reasonably assured. We typically require payment within thirty days of the delivery of results. Management estimates an allowance for doubtful accounts based on the aging of its receivables.

 

The Company also recognizes revenue through our subsidiary, TNM News Corp., which primarily recognizes revenue from advertisements through partnered merchants. Payment for ad revenues are received prior to the distribution of the ad campaign, and the revenues are recognized ratably over the campaign. The Company defers any revenue for which the term of the campaign has not yet been realized. To date, these revenues have not been materially significant.

 

Stock-Based Compensation

 

The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 505-50 (ASC 505-50). All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty’s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.

 

Recent Accounting Pronouncements

 

In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In March 2018, the FASB issued ASU No. 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The amendment provides guidance on accounting for the impact of the Tax Cuts and Jobs Act (the “Tax Act”) and allows entities to complete the accounting under ASC 740 within a one-year measurement period from the Tax Act enactment date. This standard is effective upon issuance. The Tax Act has several significant changes that impact all taxpayers, including a transition tax, which is a one-time tax charge on accumulated, undistributed foreign earnings. The calculation of accumulated foreign earnings requires an analysis of each foreign entity’s financial results going back to 1986. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The guidance permits entities to reclassify tax effects stranded in Accumulated Other Comprehensive Income as a result of tax reform to retained earnings. This new guidance is effective for annual and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted in annual and interim periods and can be applied retrospectively or in the period of adoption. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

 

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. Since ASU 2014-09 was issued, several additional ASUs have been issued to clarify various elements of the guidance. These standards provide guidance on recognizing revenue, including a five-step model to determine when revenue recognition is appropriate. The standard requires that an entity recognize revenue to depict the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the new standard to be effective with our first interim reporting period for the three months ended December 31, 2017. We use the modified retrospective method of adoption. We have completed an initial evaluation of the potential impact from adopting the new standard, including a detailed review of performance obligations for all material revenue streams. Based on this initial evaluation, adoption does not have a material impact on our financial position, results of operations, or cash flows. Related disclosures have been expanded in line with the requirements of the standard.

 

There are no other recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

XML 20 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Going Concern
9 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

Note 2 – Going Concern

 

As shown in the accompanying condensed consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of ($12,876,159), and as of June 30, 2018, the Company’s cash on hand may not be sufficient to sustain operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new customers to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. Management believes these factors will contribute toward achieving profitability. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

The consolidated financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. These financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

XML 21 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions
9 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

Note 3 – Related Party Transactions

 

Stock Based Compensation for Services

 

On June 25, 2018, the Company issued 118,421 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $22,500 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

  

On June 25, 2018, the Company issued 31,579 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $6,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 78,947 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $15,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 207,852 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $45,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 55,427 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $12,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 138,568 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $30,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On December 22, 2017, the Company issued 300,000 shares of common stock to its CFO as a bonus for services rendered. The aggregate fair value of the common stock was $78,828 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On December 22, 2017, the Company issued 100,000 shares of common stock to Dr. Alfredo Axtmayer for his service on our Board of Directors. The aggregate fair value of the common stock was $26,276 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On December 22, 2017, we granted fully vested options to purchase 500,000 shares of common stock as compensation for services to our President and COO. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.2094, was $104,698. The options were expensed over the vesting period, resulting in $104,698 of stock based compensation expense during the nine months ended June 30, 2018.

XML 22 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Financial Instruments
9 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments

Note 4 – Fair Value of Financial Instruments

 

Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value.

 

The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:

 

Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

 

Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

 

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

 

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2018 and September 30, 2017, respectively:

 

    Fair Value Measurements at June 30, 2018  
    Level 1     Level 2     Level 3  
Assets                        
Cash   $ 40,070     $ -     $ -  
Total assets     40,070       -       -  
Liabilities                        
Total liabilities     -       -       -  
    $ 40,070     $ -     $ -  

 

    Fair Value Measurements at September 30, 2017  
    Level 1     Level 2     Level 3  
Assets                        
Cash   $ 178,177     $ -     $ -  
Total assets     178,177       -       -  
Liabilities                        
Total liabilities     -       -       -  
    $ 178,177     $ -     $ -  

 

The fair value of our intellectual properties are deemed to approximate book value, and are considered Level 3 inputs as defined by ASC Topic 820-10-35.

 

There were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3 inputs for the nine months ended June 30, 2018 or the year ended September 30, 2017.

XML 23 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accounts Receivable
9 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Accounts Receivable

Note 5 – Accounts Receivable

 

Accounts receivable was $200,867 and $266,613 at June 30, 2018 and September 30, 2017, respectively, net of allowance for doubtful accounts of $85,221 and $32,180 at June 30, 2018 and September 30, 2017, respectively.

XML 24 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fixed Assets
9 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 6 – Fixed Assets

 

Fixed assets consist of the following at June 30, 2018 and September 30, 2017:

 

    June 30,     September 30,  
    2018     2017  
Software   $ 123,492     $ 121,617  
Office equipment     52,520       36,080  
Furniture and fixtures     28,486       14,285  
Lab equipment     1,099,942       938,450  
Leasehold improvements     489,147       489,147  
      1,793,587       1,599,579  
Less: accumulated depreciation     (785,755 )     (572,530 )
Total   $ 1,007,832     $ 1,027,049  

 

Depreciation and amortization expense totaled $213,225 and $186,922 for the nine months ended June 30, 2018 and 2017, respectively.

XML 25 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Changes in Stockholders' Equity
9 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Changes in Stockholders' Equity

Note 7 - Changes in Stockholders’ Equity

 

Convertible Preferred Stock

 

The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001 per share, of which 6,000,000 have been designated as Series A Convertible Preferred Stock (“Series A Preferred”), with the remaining 4,000,000 shares available for designation from time to time by the Board as set forth below. As of June 30, 2018, there were 1,425,942 shares of Series A Preferred issued and outstanding. The Board of Directors is authorized to determine any number of series into which the undesignated shares of preferred stock may be divided and to determine the rights, preferences, privileges and restrictions granted to any series of the preferred stock. Shares of Series A Preferred are convertible into common stock at a fixed conversion rate of $0.20 per share.

 

The conversion price is adjustable in the event of stock splits and other adjustments in the Company’s capitalization, and in the event of certain negative actions undertaken by the Company. At the current conversion price, the 1,425,942 shares of Series A Preferred outstanding at June 30, 2018 are convertible into 7,129,710 shares of the common stock of the Company. No holder is permitted to convert its shares of Series A Preferred if such conversion would cause the holder to beneficially own more than 4.99% of the issued and outstanding common stock of the Company immediately after such conversion, unless waived by such holder by providing at least sixty-five days’ notice.

 

Preferred Stock Conversions

 

During the three months ended March 31, 2018, a total of 322,000 Series A Preferred shares were converted into 1,610,000 shares of common stock. The stock was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.

 

During the three months ended December 31, 2017, a total of 150,000 Series A Preferred shares were converted into 750,000 shares of common stock. The stock was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.

 

Common Stock

 

Common stock consists of $0.001 par value, 90,000,000 shares authorized, of which 40,897,568 shares were issued and outstanding as of June 30, 2018.

 

Common Stock Sales

 

On April 13, 2018, the Company sold 14 units, consisting of an aggregate of 140,000 shares of its common stock and warrants to purchase 70,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $25,200. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On April 12, 2018, the Company sold 28 units, consisting of an aggregate of 280,000 shares of its common stock and warrants to purchase 140,000 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,400. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On April 10, 2018, the Company sold 27.78 units, consisting of an aggregate of 277,778 shares of its common stock and warrants to purchase 138,889 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $50,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On December 20, 2017, the Company sold 10 units, consisting of an aggregate of 100,000 shares of its common stock and warrants to purchase 50,000 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $18,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On December 14, 2017, the Company sold 13.89 units, consisting of an aggregate of 138,889 shares of its common stock and warrants to purchase 69,445 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $25,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

On December 14, 2017, the Company sold 55.56 units, consisting of an aggregate of 555,600 shares of its common stock and warrants to purchase 277,800 shares of common stock, exercisable at $0.26 per share over a thirty six month period, in exchange for total proceeds of $100,008. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

 

Exercise of Options

 

On January 3, 2018, two option holders exercised options to purchase a total of 500,000 shares of common stock at $0.181 per share on a cashless basis, resulting in the issuance of 317,172 shares of common stock.

 

On January 2, 2018, an option holder exercised options to purchase 37,500 shares of common stock at $0.22 per share on a cashless basis, resulting in the issuance of 21,000 shares of common stock.

 

Exercise of Warrants

 

On January 3, 2018, a warrant holder exercised warrants to purchase 71,428 shares of common stock at $0.26 per share on a cashless basis, resulting in the issuance of 34,285 shares of common stock.

 

Common Stock Issued for Services

 

On June 25, 2018, the Company issued 118,421 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $22,500 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 31,579 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $6,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 78,947 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $15,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 131,579 shares of common stock to a consultant for business development services. The fair value of the common stock was $25,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On June 25, 2018, the Company issued 100,000 shares of common stock to another consultant for business development services. The fair value of the common stock was $19,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on June 30, 2018.

 

On March 26, 2018, the Company issued 207,852 shares of common stock to its then CEO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $45,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On March 26, 2018, the Company issued 55,427 shares of common stock to its then President and COO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $12,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On March 26, 2018, the Company issued 138,568 shares of common stock to its CFO for services rendered pursuant to his employment agreement. The aggregate fair value of the common stock was $30,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On March 26, 2018, the Company issued 69,284 shares of common stock to a consultant for business development services. The fair value of the common stock was $15,000 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on March 31, 2018.

 

On December 22, 2017, the Company issued 300,000 shares of common stock to its CFO as a bonus for services rendered. The aggregate fair value of the common stock was $78,828 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On December 22, 2017, the Company issued 100,000 shares of common stock to Dr. Alfredo Axtmayer for his service on our Board of Directors. The aggregate fair value of the common stock was $26,276 based on the closing price of the Company’s common stock on the date of grant, and was expensed in full.

 

On November 29, 2017, a total of 314,069 shares of common stock were issued to three consultants that were engaged to assist the Company with acquisition activities. The aggregate fair value of the common stock was $82,600 based on the closing price of the Company’s common stock on the date of grant, and was expensed over the requisite service period that ended on December 31, 2017.

 

Amortization of Stock Options

 

A total of $438,683 of stock-based compensation expense was recognized from the amortization of options over their vesting period during the nine months ended June 30, 2018.

XML 26 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Common Stock Options
9 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Common Stock Options

Note 8 – Common Stock Options

 

Stock Incentive Plan

 

On June 21, 2016, we amended and restated our 2012 Stock Incentive Plan (the “2012 Plan”), which was originally adopted on March 5, 2012 and previously amended on May 20, 2014. As amended, the 2012 Plan provides for the issuance of up to 11,500,000 shares of common stock pursuant to the grant of options or other awards, including stock grants, to employees, officers or directors of, and consultants to, the Company and its subsidiaries. Options granted under the 2012 Plan may either be intended to qualify as incentive stock options under the Internal Revenue Code of 1986, or may be non-qualified options, and are exercisable over periods not exceeding ten years from date of grant.

 

A total of 8,352,500 options were outstanding as of June 30, 2018. During the three months ended June 30, 2018, options to purchase an aggregate total of 40,000 shares of common stock at a weighted average exercise price of $0.27 per share expired, during the three months ended March 31, 2018, options to purchase an aggregate total of 55,000 shares of common stock at a weighted average exercise price of $0.24 per share expired, and during the three months ended December 31, 2017, options to purchase an aggregate total of 1,110,000 shares of common stock at a weighted average exercise price of $0.40 per share also expired.

 

On January 3, 2018, two option holders exercised options to purchase a total of 500,000 shares of common stock at $0.181 per share on a cashless basis, resulting in the issuance of 317,172 shares of common stock.

 

On January 2, 2018, an option holder exercised options to purchase 37,500 shares of common stock at $0.22 per share on a cashless basis, resulting in the issuance of 21,000 shares of common stock.

 

On December 22, 2017, we granted fully vested options to purchase 500,000 shares of common stock as compensation for services to our then President and COO. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.2094, was $104,698. The options were expensed over the vesting period, resulting in $104,698 of stock based compensation expense during the nine months ended June 30, 2018.

 

On November 29, 2017, we granted fully vested options to purchase 100,000 shares of common stock as compensation for services to our Chief Scientist. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.21, was $21,004. The options were expensed over the vesting period, resulting in $21,004 of stock based compensation expense during the nine months ended June 30, 2018.

 

On November 29, 2017, we granted fully vested options to purchase an aggregate of 205,000 shares of common stock as compensation for services to a total of ten of our employees. The options are exercisable over a ten year period at an exercise price of $0.27 per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 112% and a call option value of $0.21, was $43,057. The options were expensed over the vesting period, resulting in $43,057 of stock based compensation expense during the nine months ended June 30, 2018.

XML 27 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Common Stock Warrants
9 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Common Stock Warrants

Note 9 – Common Stock Warrants

 

Warrants to purchase a total of 6,117,128 shares of common stock were outstanding as of June 30, 2018. On January 3, 2018, a warrant holder exercised warrants to purchase 71,428 shares of common stock at $0.26 per share on a cashless basis, resulting in the issuance of 34,285 shares of common stock.

 

On December 31, 2017, warrants to purchase 200,000 shares of common stock at $0.30 per share expired, and on December 30, 2017, warrants to purchase another 300,000 shares of common stock at $0.45 per share also expired.

 

Warrants to purchase an aggregate 348,889 shares of common stock at $0.30 per share over a 36 month period were issued at various dates in April of 2018 pursuant to unit offerings for the sale of an aggregate of 697,778 shares of common stock in exchange for total proceeds of $125,600.

 

Warrants to purchase 50,000 shares of common stock at $0.26 per share over a 36 month period were issued on December 20, 2017 pursuant to a unit offering for the sale of 100,000 shares of common stock in exchange for proceeds of $18,000, and warrants to purchase a total of 347,245 shares of common stock at $0.26 per share over a 36 month period were issued on December 14, 2017 pursuant to two unit offerings for the sale of an aggregate 694,489 shares of common stock in exchange for total proceeds of $125,008.

XML 28 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Income
9 Months Ended
Jun. 30, 2018
Other Income and Expenses [Abstract]  
Other Income

Note 10 – Other Income

 

Other income for the nine months ended June 30, 2018 and 2017 consisted of the following:

 

    June 30,  
    2018     2017  
Settlement income on license agreement   $ -     $ 250,000  
Rental income on subleases     57,600       3,000  
Restitution income     28,312       10,000  
    $ 85,912     $ 263,000  

XML 29 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Tax
9 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Income Tax

Note 11 - Income Tax

 

The Company accounts for income taxes under FASB ASC 740-10, which requires use of the liability method. FASB ASC 740-10-25 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences.

 

For the nine months ended June 30, 2018 and the year ended September 30, 2017, the Company incurred a net operating loss and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At June 30, 2018, the Company had approximately $7,787,000 of federal net operating losses. The net operating loss carry forwards, if not utilized, will begin to expire in 2031.

 

Based on the available objective evidence, including the Company’s history of its loss, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at June 30, 2018 and September 30, 2017, respectively.

 

In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no uncertain tax positions.

XML 30 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events
9 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 12 – Subsequent Events

 

Common Stock Sales

 

On July 11, 2018, the Company sold 66.67 units, consisting of 666,667 shares of its common stock and warrants to purchase 333,334 shares of common stock, exercisable at $0.30 per share over a thirty six month period, in exchange for total proceeds of $100,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

XML 31 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization, Basis of Presentation and Significant Accounting Policies (Policies)
9 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Organization

Organization

 

Digipath, Inc. was incorporated in Nevada on October 5, 2010. Digipath, Inc. and its subsidiaries (“Digipath,” the “Company,” “we,” “our” or “us”) supports the cannabis industry’s best practices for reliable testing, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Our business units are described below.

 

  Digipath Labs, Inc. Digipath Labs’ mission is to provide pharmaceutical-grade analysis and testing to the cannabis industry to ensure consumers and patients know exactly what is in the cannabis they ingest and to help maximize the quality of our clients’ products through research, development, and standardization. We have been operating a cannabis testing lab in Nevada since 2015 and have plans to open labs in other states that have legalized the sale of cannabis, beginning with California.
     
  The National Marijuana News Corp. provides a balanced and unbiased approach to cannabis news, interviews and education with a news/talk radio show, app, national marijuana news website and social media presence focusing on the political, economic, medicinal, scientific, and cultural dimensions of the rapidly evolving—and profoundly controversial—medicinal and recreational marijuana industry.

Basis of Presentation

Basis of Presentation

 

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Intercompany accounts and transactions have been eliminated.

 

The unaudited condensed consolidated financial statements of the Company and the accompanying notes included in this Quarterly Report on Form 10-Q are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Condensed Consolidated Financial Statements have been included. Such adjustments are of a normal, recurring nature. The Condensed Consolidated Financial Statements, and the accompanying notes, are prepared in accordance with GAAP and do not contain certain information included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2017. The interim Condensed Consolidated Financial Statements should be read in conjunction with that Annual Report on Form 10-K. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year.

Principles of Consolidation

Principles of Consolidation

 

The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:

 

    State of    
Name of Entity(1)   Incorporation   Relationship
Digipath, Inc.(2)   Nevada   Parent
Digipath Labs, Inc.   Nevada   Subsidiary
TNM News, Inc.   Nevada   Subsidiary
GroSciences, Inc.(3)   Colorado   Subsidiary

 

(1) All entities are in the form of a corporation.

(2) Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.

(3) Entity formed for prospective purposes, but has not incurred any income or expenses to date.

 

The consolidated financial statements herein contain the operations of the wholly-owned subsidiaries listed above. All significant inter-company transactions have been eliminated in the preparation of these financial statements. The parent company and subsidiaries will be collectively referred to herein as the “Company”, “Digipath” or “DIGP”. The Company’s headquarters are located in Las Vegas, Nevada and substantially all of its customers are within the United States.

 

These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained therein.

Reclassifications

Reclassifications

 

Prior period interest income in the amount of $7,500 has been reclassified to net against the related $7,500 of bad debt expense to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash flows.

Segment Reporting

Segment Reporting

 

ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

Under FASB ASC 820-10-05, the Financial Accounting Standards Board establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, accounts receivable, accounts payable and accrued expenses reported on the balance sheets are estimated by management to approximate fair value primarily due to the short term nature of the instruments.

Revenue Recognition

Revenue Recognition

 

Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.

 

There was no impact on the Company’s financial statements as a result of adopting ASC 606 for the nine months ended June 30, 2018 and 2017, or the twelve months ended September 30, 2017.

 

Revenue is primarily generated through our subsidiary, Digipath Labs, Inc., which recognizes revenue from the analytical testing of cannabis products to licensed producers and cultivators within the state of Nevada on a determinable fixed fee per test, or panel of tests basis. Revenue from the performance of those services is recognized upon completion of the tests, at which time test results are delivered to the customer, provided collectability of the fee is reasonably assured. We typically require payment within thirty days of the delivery of results. Management estimates an allowance for doubtful accounts based on the aging of its receivables.

 

The Company also recognizes revenue through our subsidiary, TNM News Corp., which primarily recognizes revenue from advertisements through partnered merchants. Payment for ad revenues are received prior to the distribution of the ad campaign, and the revenues are recognized ratably over the campaign. The Company defers any revenue for which the term of the campaign has not yet been realized. To date, these revenues have not been materially significant.

Stock-Based Compensation

Stock-Based Compensation

 

The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 505-50 (ASC 505-50). All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty’s performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In March 2018, the FASB issued ASU No. 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The amendment provides guidance on accounting for the impact of the Tax Cuts and Jobs Act (the “Tax Act”) and allows entities to complete the accounting under ASC 740 within a one-year measurement period from the Tax Act enactment date. This standard is effective upon issuance. The Tax Act has several significant changes that impact all taxpayers, including a transition tax, which is a one-time tax charge on accumulated, undistributed foreign earnings. The calculation of accumulated foreign earnings requires an analysis of each foreign entity’s financial results going back to 1986. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The guidance permits entities to reclassify tax effects stranded in Accumulated Other Comprehensive Income as a result of tax reform to retained earnings. This new guidance is effective for annual and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted in annual and interim periods and can be applied retrospectively or in the period of adoption. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

 

In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the fair value, vesting condition or the classification of the award is not the same immediately before and after a change to the terms and conditions of the award. The new guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.

 

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. Since ASU 2014-09 was issued, several additional ASUs have been issued to clarify various elements of the guidance. These standards provide guidance on recognizing revenue, including a five-step model to determine when revenue recognition is appropriate. The standard requires that an entity recognize revenue to depict the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the new standard to be effective with our first interim reporting period for the three months ended December 31, 2017. We use the modified retrospective method of adoption. We have completed an initial evaluation of the potential impact from adopting the new standard, including a detailed review of performance obligations for all material revenue streams. Based on this initial evaluation, adoption does not have a material impact on our financial position, results of operations, or cash flows. Related disclosures have been expanded in line with the requirements of the standard.

 

There are no other recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows.

XML 32 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization, Basis of Presentation and Significant Accounting Policies (Tables)
9 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Entities Under Common Control and Ownership

The accompanying consolidated financial statements include the accounts of the following entities, all of which were under common control and ownership at June 30, 2018:

 

    State of    
Name of Entity(1)   Incorporation   Relationship
Digipath, Inc.(2)   Nevada   Parent
Digipath Labs, Inc.   Nevada   Subsidiary
TNM News, Inc.   Nevada   Subsidiary
GroSciences, Inc.(3)   Colorado   Subsidiary

 

(1) All entities are in the form of a corporation.

(2) Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.

(3) Entity formed for prospective purposes, but has not incurred any income or expenses to date.

XML 33 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments at Fair Value on Recurring Basis

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2018 and September 30, 2017, respectively:

 

    Fair Value Measurements at June 30, 2018  
    Level 1     Level 2     Level 3  
Assets                        
Cash   $ 40,070     $ -     $ -  
Total assets     40,070       -       -  
Liabilities                        
Total liabilities     -       -       -  
    $ 40,070     $ -     $ -  

 

    Fair Value Measurements at September 30, 2017  
    Level 1     Level 2     Level 3  
Assets                        
Cash   $ 178,177     $ -     $ -  
Total assets     178,177       -       -  
Liabilities                        
Total liabilities     -       -       -  
    $ 178,177     $ -     $ -  

XML 34 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fixed Assets (Tables)
9 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Schedule of Fixed Assets

Fixed assets consist of the following at June 30, 2018 and September 30, 2017:

 

    June 30,     September 30,  
    2018     2017  
Software   $ 123,492     $ 121,617  
Office equipment     52,520       36,080  
Furniture and fixtures     28,486       14,285  
Lab equipment     1,099,942       938,450  
Leasehold improvements     489,147       489,147  
      1,793,587       1,599,579  
Less: accumulated depreciation     (785,755 )     (572,530 )
Total   $ 1,007,832     $ 1,027,049  

XML 35 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Income (Tables)
9 Months Ended
Jun. 30, 2018
Other Income and Expenses [Abstract]  
Schedule of Other Income

Other income for the nine months ended June 30, 2018 and 2017 consisted of the following:

 

    June 30,  
    2018     2017  
Settlement income on license agreement   $ -     $ 250,000  
Rental income on subleases     57,600       3,000  
Restitution income     28,312       10,000  
    $ 85,912     $ 263,000  

XML 36 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization, Basis of Presentation and Significant Accounting Policies (Details Narrative)
9 Months Ended
Jun. 30, 2018
USD ($)
Segment
Number of reportable segment | Segment 1
Bad Debt [Member]  
Prior period reclassification net value $ 7,500
Interest Income [Member]  
Prior period reclassification net value $ 7,500
XML 37 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Schedule of Entities Under Common Control and Ownership (Details) - Entities Under Common Control and Ownership [Member]
9 Months Ended
Jun. 30, 2018
Name of Entity Digipath, Inc. [1],[2]
State of Incorporation Nevada [2]
Relationship Parent [2]
Name of Entity Digipath Labs, Inc. [1]
State of Incorporation Nevada
Relationship Subsidiary
Name of Entity TNM News, Inc. [1]
State of Incorporation Nevada
Relationship Subsidiary
Name of Entity GroSciences, Inc. [1],[3]
State of Incorporation Colorado [3]
Relationship Subsidiary [3]
[1] All entities are in the form of a corporation.
[2] Holding company, which owns each of the wholly-owned subsidiaries. All subsidiaries shown above are wholly-owned by Digipath, Inc., the parent company.
[3] Entity formed for prospective purposes, but has not incurred any income or expenses to date.
XML 38 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Going Concern (Details Narrative) - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accumulated deficit $ (12,876,159) $ (11,496,671)
XML 39 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions (Details Narrative) - USD ($)
9 Months Ended
Jun. 25, 2018
Mar. 26, 2018
Dec. 22, 2017
Jun. 30, 2018
Number of common stock shares issued for services       1,010,000
Chief Executive Officer [Member]        
Number of common stock shares issued for services 118,421 207,852    
Number of common stock issued for services $ 22,500 $ 45,000    
President and Chief Operating Officer [Member]        
Number of common stock shares issued for services 31,579 55,427    
Number of common stock issued for services $ 6,000 $ 12,000    
Number of common stock shares compensation issued for services     500,000  
Options exercisable description     The options are exercisable over a ten year period  
Common stock exercise price     $ 0.27  
Fair value measurements, volatility rate     112.00%  
Call option value     $ 0.2094  
Stock based compensation expense       $ 104,698
Chief Financial Officer [Member]        
Number of common stock shares issued for services 78,947 138,568 300,000  
Number of common stock issued for services $ 15,000 $ 30,000 $ 78,828  
Dr. Alfredo Axtmayer [Member]        
Number of common stock shares issued for services     100,000  
Number of common stock issued for services     $ 26,276  
XML 40 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Financial Instruments - Summary of Financial Instruments at Fair Value on Recurring Basis (Details) - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Level 1 [Member]    
Cash $ 40,070 $ 178,177
Total assets 40,070 178,177
Total liabilities
Total 40,070 178,177
Level 2 [Member]    
Cash
Total assets
Total liabilities
Total
Level 3 [Member]    
Cash
Total assets
Total liabilities
Total
XML 41 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accounts Receivable (Details Narrative) - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Receivables [Abstract]    
Accounts receivable $ 200,867 $ 266,613
Allowance for doubtful accounts $ 85,221 $ 32,180
XML 42 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fixed Assets (Details Narrative) - USD ($)
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Property, Plant and Equipment [Abstract]    
Depreciation and amortization expense $ 213,225 $ 186,922
XML 43 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fixed Assets - Schedule of Fixed Assets (Details) - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Property, Plant and Equipment [Abstract]    
Software $ 123,492 $ 121,617
Office equipment 52,520 36,080
Furniture and fixtures 28,486 14,285
Lab equipment 1,099,942 938,450
Leasehold improvements 489,147 489,147
Fixed assets, gross 1,793,587 1,599,579
Less: accumulated depreciation (785,755) (572,530)
Total $ 1,007,832 $ 1,027,049
XML 44 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Changes in Stockholders' Equity (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Jun. 25, 2018
Apr. 13, 2018
Apr. 12, 2018
Apr. 10, 2018
Mar. 26, 2018
Jan. 03, 2018
Jan. 02, 2018
Dec. 22, 2017
Dec. 20, 2017
Dec. 14, 2017
Nov. 29, 2017
Apr. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 30, 2017
Sep. 30, 2017
Preferred stock, shares authorized                         10,000,000     10,000,000     10,000,000
Preferred stock, par value                         $ 0.001     $ 0.001     $ 0.001
Preferred stock, shares issued                         1,425,942     1,425,942     1,897,942
Preferred stock, shares outstanding                         1,425,942     1,425,942     1,897,942
Common stock par value                         $ 0.001     $ 0.001     $ 0.001
Common stock authorized                         90,000,000     90,000,000     90,000,000
Common stock, shares issued                         40,897,568     40,897,568     35,027,118
Common Stock, shares outstanding                         40,897,568     40,897,568     35,027,118
Number of common stock sold   14 28 27.78         10 13.89                  
Number of warrant to purchase of common stock shares           71,428                 200,000     300,000  
Warrants exercise price per share           $ 0.26                 $ 0.30     $ 0.45  
Proceeds from sale of common stock                               $ 268,608 $ 300,000    
Share issued in exercise stock option             37,500           40,000 55,000 1,110,000        
Stock option exercise price per share             $ 0.22           $ 0.27 $ 0.24 $ 0.40        
Common stock shares issued           34,285 21,000                        
Number of common stock issued for services                               1,010,000      
Stock-based compensation expense                               $ 438,683      
Three Consultants [Member]                                      
Number of common stock issued for services                     314,069                
Common stock issued for services                     $ 82,600                
Chief Executive Officer [Member]                                      
Number of common stock issued for services 118,421       207,852                            
Common stock issued for services $ 22,500       $ 45,000                            
President and Chief Operating Officer [Member]                                      
Stock option exercise price per share               $ 0.27                      
Number of common stock issued for services 31,579       55,427                            
Common stock issued for services $ 6,000       $ 12,000                            
Chief Financial Officer [Member]                                      
Number of common stock issued for services 78,947       138,568     300,000                      
Common stock issued for services $ 15,000       $ 30,000     $ 78,828                      
Consultant One [Member]                                      
Number of common stock issued for services 131,579                                    
Common stock issued for services $ 25,000                                    
Consultant Two [Member]                                      
Number of common stock issued for services 100,000                                    
Common stock issued for services $ 19,000                                    
Consultant [Member]                                      
Number of common stock issued for services         69,284                            
Common stock issued for services         $ 15,000                            
Dr. Alfredo Axtmayer [Member]                                      
Number of common stock issued for services               100,000                      
Common stock issued for services               $ 26,276                      
Series A Convertible Preferred Stock [Member]                                      
Preferred stock, shares designated                         6,000,000     6,000,000      
Preferred stock, shares designated remaining                         4,000,000     4,000,000      
Series A Preferred Stock [Member]                                      
Preferred stock, shares issued                         1,425,942     1,425,942      
Preferred stock, shares outstanding                         1,425,942     1,425,942      
Preferred stock convertible into common stock at fixed conversion price per share                         $ 0.20     $ 0.20      
Preferred stock convertible into common stock shares                         7,129,710     7,129,710      
Percentage of equity beneficial ownership                         4.99%     4.99%      
Stock conversion, shares converted                           322,000 150,000        
Stock conversion, shares issued                           1,610,000 750,000        
Common Stock [Member]                                      
Number of common stock sold   140,000 280,000 277,778         100,000 138,889   697,778              
Number of warrant to purchase of common stock shares   70,000 140,000 138,889         50,000 69,445   348,889              
Warrants exercise price per share   $ 0.30 $ 0.30 $ 0.30         $ 0.26 $ 0.26   $ .30              
Proceeds from sale of common stock   $ 25,200 $ 50,400 $ 50,000         $ 18,000 $ 25,000                  
Common Stock Unit [Member]                                      
Number of common stock sold                   55.56                  
Common Stock One [Member]                                      
Number of common stock sold                   555,600                  
Number of warrant to purchase of common stock shares                   277,800                  
Warrants exercise price per share                   $ 0.26                  
Proceeds from sale of common stock                   $ 100,008                  
Two Option Holder [Member]                                      
Share issued in exercise stock option           500,000 37,500                        
Stock option exercise price per share           $ 0.181 $ 0.22                        
Common stock shares issued           317,172 21,000                        
XML 45 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Common Stock Options (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Jun. 25, 2018
Mar. 26, 2018
Jan. 03, 2018
Jan. 02, 2018
Dec. 22, 2017
Nov. 29, 2017
Jun. 21, 2016
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Jun. 30, 2018
Number of options outstanding               8,352,500     8,352,500
Share issued in exercise stock option       37,500       40,000 55,000 1,110,000  
Stock option exercise price per share       $ 0.22       $ 0.27 $ 0.24 $ 0.40  
Common stock shares issued     34,285 21,000              
Option to purchase shares of common stock for services                     1,010,000
Ten Employees [Member]                      
Stock option exercise price per share           $ 0.27          
Stock options exercisable period           10 years          
Number of shares granted fully vested common stock option           205,000          
Volatility rate           112.00%          
Value of call option per share           $ 0.21          
Value of option           $ 43,057          
Stock based compensation expense                     $ 43,057
President and Chief Operating Officer [Member]                      
Stock option exercise price per share         $ 0.27            
Option to purchase shares of common stock for services 31,579 55,427                  
Stock options exercisable period         10 years            
Number of shares granted fully vested common stock option         500,000            
Volatility rate         112.00%            
Value of call option per share         $ 0.2094            
Value of option         $ 104,698            
Stock based compensation expense                     104,698
Chief Scientist [Member]                      
Stock option exercise price per share           $ 0.27          
Stock options exercisable period           10 years          
Number of shares granted fully vested common stock option           100,000          
Volatility rate           112.00%          
Value of call option per share           $ 0.21          
Value of option           $ 21,004          
Stock based compensation expense                     $ 21,004
Two Option Holder [Member]                      
Share issued in exercise stock option     500,000 37,500              
Stock option exercise price per share     $ 0.181 $ 0.22              
Common stock shares issued     317,172 21,000              
2012 Stock Incentive Plan [Member]                      
Number of shares issued under stock plan             11,500,000        
XML 46 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Common Stock Warrants (Details Narrative) - USD ($)
1 Months Ended
Apr. 13, 2018
Apr. 12, 2018
Apr. 10, 2018
Jan. 03, 2018
Jan. 02, 2018
Dec. 20, 2017
Dec. 20, 2017
Dec. 14, 2017
Apr. 30, 2018
Jun. 30, 2018
Dec. 31, 2017
Dec. 30, 2017
Number of warrant to purchase of common stock shares       71,428             200,000 300,000
Warrants exercise price per share       $ 0.26             $ 0.30 $ 0.45
Number issuance of common stock, shares       34,285 21,000              
Number of common stock sold 14 28 27.78       10 13.89        
Common Stock Warrant [Member]                        
Number of warrant to purchase of common stock shares           50,000 50,000 347,245   6,117,128    
Warrants exercise price per share           $ 0.26 $ 0.26 $ 0.26        
Number of common stock sold           100,000   694,489        
Warrant term           36 months   36 months        
Proceeds from issuance of warrant           $ 18,000   $ 125,008        
Common Stock [Member]                        
Number of warrant to purchase of common stock shares 70,000 140,000 138,889     50,000 50,000 69,445 348,889      
Warrants exercise price per share $ 0.30 $ 0.30 $ 0.30     $ 0.26 $ 0.26 $ 0.26 $ .30      
Number of common stock sold 140,000 280,000 277,778       100,000 138,889 697,778      
Warrant term                 36 months      
Proceeds from issuance of warrant                 $ 125,600      
XML 47 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Income - Schedule of Other Income (Details) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Other Income and Expenses [Abstract]        
Settlement income on license agreement     $ 250,000
Rental income on subleases     57,600 3,000
Restitution income     28,312 10,000
Other income $ 43,012 $ 3,000 $ 85,912 $ 263,000
XML 48 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Tax (Details Narrative)
9 Months Ended
Jun. 30, 2018
USD ($)
Income Tax Disclosure [Abstract]  
Net operating loss carry forwards $ 7,787,000
Operating loss expiration year 2031
XML 49 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events (Details Narrative) - USD ($)
Jul. 11, 2018
Apr. 13, 2018
Apr. 12, 2018
Apr. 10, 2018
Jan. 03, 2018
Jan. 02, 2018
Dec. 20, 2017
Dec. 14, 2017
Dec. 31, 2017
Dec. 30, 2017
Number of units sold   14 28 27.78     10 13.89    
Common stock shares issued         34,285 21,000        
Number of warrant to purchase of common stock shares         71,428       200,000 300,000
Warrants exercise price per share         $ 0.26       $ 0.30 $ 0.45
Subsequent Event [Member]                    
Number of units sold 66.67                  
Common stock shares issued 666,667                  
Number of warrant to purchase of common stock shares 333,334                  
Warrants exercise price per share $ .30                  
Warrant term 36 months                  
Proceeds from issuance of warrant $ 100,000                  
EXCEL 50 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 52 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 54 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 81 150 1 true 28 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://digipath.biz/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://digipath.biz/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://digipath.biz/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Sheet http://digipath.biz/role/StatementsOfOperationsAndComprehensiveLoss Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://digipath.biz/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 00000006 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies Sheet http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPolicies Organization, Basis of Presentation and Significant Accounting Policies Notes 6 false false R7.htm 00000007 - Disclosure - Going Concern Sheet http://digipath.biz/role/GoingConcern Going Concern Notes 7 false false R8.htm 00000008 - Disclosure - Related Party Transactions Sheet http://digipath.biz/role/RelatedPartyTransactions Related Party Transactions Notes 8 false false R9.htm 00000009 - Disclosure - Fair Value of Financial Instruments Sheet http://digipath.biz/role/FairValueOfFinancialInstruments Fair Value of Financial Instruments Notes 9 false false R10.htm 00000010 - Disclosure - Accounts Receivable Sheet http://digipath.biz/role/AccountsReceivable Accounts Receivable Notes 10 false false R11.htm 00000011 - Disclosure - Fixed Assets Sheet http://digipath.biz/role/FixedAssets Fixed Assets Notes 11 false false R12.htm 00000012 - Disclosure - Changes in Stockholders' Equity Sheet http://digipath.biz/role/ChangesInStockholdersEquity Changes in Stockholders' Equity Notes 12 false false R13.htm 00000013 - Disclosure - Common Stock Options Sheet http://digipath.biz/role/CommonStockOptions Common Stock Options Notes 13 false false R14.htm 00000014 - Disclosure - Common Stock Warrants Sheet http://digipath.biz/role/CommonStockWarrants Common Stock Warrants Notes 14 false false R15.htm 00000015 - Disclosure - Other Income Sheet http://digipath.biz/role/OtherIncome Other Income Notes 15 false false R16.htm 00000016 - Disclosure - Income Tax Sheet http://digipath.biz/role/IncomeTax Income Tax Notes 16 false false R17.htm 00000017 - Disclosure - Subsequent Events Sheet http://digipath.biz/role/SubsequentEvents Subsequent Events Notes 17 false false R18.htm 00000018 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies (Policies) Sheet http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPoliciesPolicies Organization, Basis of Presentation and Significant Accounting Policies (Policies) Policies http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPolicies 18 false false R19.htm 00000019 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies (Tables) Sheet http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPoliciesTables Organization, Basis of Presentation and Significant Accounting Policies (Tables) Tables http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Fair Value of Financial Instruments (Tables) Sheet http://digipath.biz/role/FairValueOfFinancialInstrumentsTables Fair Value of Financial Instruments (Tables) Tables http://digipath.biz/role/FairValueOfFinancialInstruments 20 false false R21.htm 00000021 - Disclosure - Fixed Assets (Tables) Sheet http://digipath.biz/role/FixedAssetsTables Fixed Assets (Tables) Tables http://digipath.biz/role/FixedAssets 21 false false R22.htm 00000022 - Disclosure - Other Income (Tables) Sheet http://digipath.biz/role/OtherIncomeTables Other Income (Tables) Tables http://digipath.biz/role/OtherIncome 22 false false R23.htm 00000023 - Disclosure - Organization, Basis of Presentation and Significant Accounting Policies (Details Narrative) Sheet http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPoliciesDetailsNarrative Organization, Basis of Presentation and Significant Accounting Policies (Details Narrative) Details http://digipath.biz/role/OrganizationBasisOfPresentationAndSignificantAccountingPoliciesTables 23 false false R24.htm 00000024 - Disclosure - Schedule of Entities Under Common Control and Ownership (Details) Sheet http://digipath.biz/role/ScheduleOfEntitiesUnderCommonControlAndOwnershipDetails Schedule of Entities Under Common Control and Ownership (Details) Details 24 false false R25.htm 00000025 - Disclosure - Going Concern (Details Narrative) Sheet http://digipath.biz/role/GoingConcernDetailsNarrative Going Concern (Details Narrative) Details http://digipath.biz/role/GoingConcern 25 false false R26.htm 00000026 - Disclosure - Related Party Transactions (Details Narrative) Sheet http://digipath.biz/role/RelatedPartyTransactionsDetailsNarrative Related Party Transactions (Details Narrative) Details http://digipath.biz/role/RelatedPartyTransactions 26 false false R27.htm 00000027 - Disclosure - Fair Value of Financial Instruments - Summary of Financial Instruments at Fair Value on Recurring Basis (Details) Sheet http://digipath.biz/role/FairValueOfFinancialInstruments-SummaryOfFinancialInstrumentsAtFairValueOnRecurringBasisDetails Fair Value of Financial Instruments - Summary of Financial Instruments at Fair Value on Recurring Basis (Details) Details 27 false false R28.htm 00000028 - Disclosure - Accounts Receivable (Details Narrative) Sheet http://digipath.biz/role/AccountsReceivableDetailsNarrative Accounts Receivable (Details Narrative) Details http://digipath.biz/role/AccountsReceivable 28 false false R29.htm 00000029 - Disclosure - Fixed Assets (Details Narrative) Sheet http://digipath.biz/role/FixedAssetsDetailsNarrative Fixed Assets (Details Narrative) Details http://digipath.biz/role/FixedAssetsTables 29 false false R30.htm 00000030 - Disclosure - Fixed Assets - Schedule of Fixed Assets (Details) Sheet http://digipath.biz/role/FixedAssets-ScheduleOfFixedAssetsDetails Fixed Assets - Schedule of Fixed Assets (Details) Details 30 false false R31.htm 00000031 - Disclosure - Changes in Stockholders' Equity (Details Narrative) Sheet http://digipath.biz/role/ChangesInStockholdersEquityDetailsNarrative Changes in Stockholders' Equity (Details Narrative) Details http://digipath.biz/role/ChangesInStockholdersEquity 31 false false R32.htm 00000032 - Disclosure - Common Stock Options (Details Narrative) Sheet http://digipath.biz/role/CommonStockOptionsDetailsNarrative Common Stock Options (Details Narrative) Details http://digipath.biz/role/CommonStockOptions 32 false false R33.htm 00000033 - Disclosure - Common Stock Warrants (Details Narrative) Sheet http://digipath.biz/role/CommonStockWarrantsDetailsNarrative Common Stock Warrants (Details Narrative) Details http://digipath.biz/role/CommonStockWarrants 33 false false R34.htm 00000034 - Disclosure - Other Income - Schedule of Other Income (Details) Sheet http://digipath.biz/role/OtherIncome-ScheduleOfOtherIncomeDetails Other Income - Schedule of Other Income (Details) Details 34 false false R35.htm 00000035 - Disclosure - Income Tax (Details Narrative) Sheet http://digipath.biz/role/IncomeTaxDetailsNarrative Income Tax (Details Narrative) Details http://digipath.biz/role/IncomeTax 35 false false R36.htm 00000036 - Disclosure - Subsequent Events (Details Narrative) Sheet http://digipath.biz/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://digipath.biz/role/SubsequentEvents 36 false false All Reports Book All Reports digp-20180630.xml digp-20180630.xsd digp-20180630_cal.xml digp-20180630_def.xml digp-20180630_lab.xml digp-20180630_pre.xml http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/us-gaap/2018-01-31 true true ZIP 56 0001493152-18-011628-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-18-011628-xbrl.zip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end