Quarterly report pursuant to Section 13 or 15(d)

Document and Entity Information

Document and Entity Information - shares
3 Months Ended
Mar. 31, 2017
May 17, 2017
Document and Entity Information [Abstract]    
Entity Registrant Name MyDx, Inc.  
Entity Central Index Key 0001582341  
Amendment Flag true  
Amendment Description

Subsequent to filing its Quarterly Report on Form 10-Q for the period ended March 31, 2017 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”) on May 22, 2017, MyDx, Inc. (the “Company”) determined that a computation error occurred in its calculation of derivative liability for the period ended March 31, 2017.


In accounting for the Company’s derivative liability for the period ended March 31, 2017, the Company utilized an incorrect discount to the company’s common stock as an input in the Black-Scholes calculation which determines the fair value of the derivative liability. Upon correcting for the previously used discount, the Company determined that change in fair value of derivative liability and derivative expense (non-cash) should have been $506,576 lower than previously reported.


As a result, to correct this non-cash accounting error, the Company is filing this Amendment No. 1 to the Form 10-Q (“Amendment No. 1”) for the purpose of restating its condensed financial statements for the three months ended March 31, 2017 included in Part I, “Item 1. Financial Statements.” See Note 13 to the condensed consolidated financial statements included in this Amendment No. 1 for further information relating to the restatements. Conforming changes have been made to Part I, “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.”


In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we have included the entire text of Part I, Items 1 and 2 and Part II, Item 6 of the Form 10-Q in this Amendment No. 1.


This Amendment No. 1 includes new certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 as Exhibits 31.1 and 32.1.


Except as expressly set forth above, this Amendment No. 1 does not, and does not purport to, amend, update or restate the information in any other Item of the Form 10-Q or reflect any events that have occurred after the filing of the Form 10-Q. Accordingly, this Amendment No. 1 should be read in conjunction with the Form 10-Q and the Company’s filings with the SEC subsequent to the filing of the Form 10-Q on May 22, 2017.

Current Fiscal Year End Date --12-31  
Document Type 10-Q  
Trading Symbol MYDX  
Document Period End Date Mar. 31, 2017  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q1  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   1,570,204,599