10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001096906-20-000279`
Period End Date	20200930
Filing Date	20201116
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	alds-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 30 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Debt discount, note payable	`DebtInstrumentUnamortizedDiscountCurrent`	$219.07K	USD	Point-in-time
Debt discount, note payable	`DebtInstrumentUnamortizedDiscountCurrent`	$219.07K	USD	Point-in-time
Cash	`Cash`	$65.65K	USD	Point-in-time
Cash	`Cash`	$85.71K	USD	Point-in-time
Cash	`Cash`	$56.60K	USD	Point-in-time
Cash	`Cash`	$175.74K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$331.21K	USD	Point-in-time
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$388.43K	USD	Point-in-time
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$43.67K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$44.73K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.57K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	128.42M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	127.04M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	127.04M	shares	Point-in-time
Total assets	`Assets`	$551.68K	USD	Point-in-time
Total assets	`Assets`	$525.38K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	128.42M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$156.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$113.47K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$164.33K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$80.00K	USD	Point-in-time
Notes payable - current, net of discount ($143,032)	`NotesPayableCurrent`	$350.49K	USD	Point-in-time
Notes payable - current, net of discount ($143,032)	`NotesPayableCurrent`	$522.28K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$248.17K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$254.51K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$6.43K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$6.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$970.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$931.80K	USD	Point-in-time
Notes payable- noncurrent, net of discount ($76,034)	`LongTermNotesPayable`	$433.97K	USD	Point-in-time
Notes payable- noncurrent, net of discount ($76,034)	`LongTermNotesPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$970.35K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 128,419,298 and 127,037,531 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively	`CommonStockValue`	$128.42K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 128,419,298 and 127,037,531 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively	`CommonStockValue`	$127.04K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.61M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-814.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$253.59K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-495.12K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$551.68K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$525.38K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$632.00	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	-	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$439.00	USD	1 Quarter
Gross profit	`GrossProfit`	$193.00	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$871.76K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$1.27M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-5.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$871.76K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.27M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-871.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.65K	USD	1 Quarter
Interest expense	`InterestExpense`	$172.88K	USD	1 Quarter
Loss on extension of notes payable	`GainsLossesOnExtinguishmentOfDebt`	$-10.68K	USD	1 Quarter
Loss on extension of notes payable	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$-6.33K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$15.53K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.27M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.06M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.27M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.11M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.83M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.27M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$62.18K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$14.86K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfCommonStockForServices`	$-199.87K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfCommonStockForServices`	$-165.00K	USD	1 Quarter
Issuance of common stock to employee	`IssuanceOfCommonStockToEmployee`	$-351.56K	USD	1 Quarter
Issuance of common stock to employee	`IssuanceOfCommonStockToEmployee`	$-351.56K	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	$-20.00K	USD	1 Quarter
Loss on extension of notes payable	`LossOnExtensionOfNotesPayable`	$-10.68K	USD	1 Quarter
Loss on extension of notes payable	`LossOnExtensionOfNotesPayable`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-5.13K	USD	1 Quarter
Common stock payable	`IncreasedecreaseinCommonStockPayable`	$109.57K	USD	1 Quarter
Common stock payable	`IncreasedecreaseinCommonStockPayable`	$674.58K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$-6.33K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$15.53K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.57K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$140.46K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-57.22K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.06K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedExpenses`	$42.58K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedExpenses`	$31.03K	USD	1 Quarter
Net cash (used )in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-179.10K	USD	1 Quarter
Net cash (used )in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-194.96K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$340.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$200.00K	USD	1 Quarter
Payment on notes payable	`RepaymentsOfNotesPayable`	$29.95K	USD	1 Quarter
Payment on notes payable	`RepaymentsOfNotesPayable`	$55.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$285.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$170.05K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$-9.05K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$90.04K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`Cash`	$65.65K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$85.71K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$56.60K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$175.74K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$65.65K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$85.71K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$56.60K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$175.74K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$26.68K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-814.09K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-495.12K	USD	Point-in-time
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$351.56K	USD	1 Quarter
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$351.56K	USD	1 Quarter
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$165.00K	USD	1 Quarter
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$199.87K	USD	1 Quarter
Issuance of common stock payable, value	`IssuanceOfCommonStockPayableValue`	$25.24K	USD	1 Quarter
Shares issued for prepayment penalty, value	`SharesIssuedForPrepaymentPenaltyValue`	$20.00K	USD	1 Quarter
Loss on extension of notes payable	`ExtinguishmentOfDebtGainLossNetOfTax`	$10.68K	USD	1 Quarter
Equity component of issuance of convertible notes, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$85.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.06M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.27M	USD	1 Quarter
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-814.09K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-495.12K	USD	Point-in-time

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