10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001096906-21-002640`
Period End Date	20210930
Filing Date	20211109
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	alds-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 30 Cash Flow Statement 70 Stockholders Equity 26

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$175.74K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$505.28K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	141.04M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	135.52M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$85.71K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	141.04M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	135.52M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$34.11K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$32.40K	USD	Point-in-time
Inventories	`InventoryNet`	$51.28K	USD	Point-in-time
Inventories	`InventoryNet`	$48.88K	USD	Point-in-time
Total assets	`Assets`	$333.06K	USD	Point-in-time
Total assets	`Assets`	$588.96K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$254.24K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$266.32K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$241.00K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	-	USD	Point-in-time
Notes payable - current, net	`NotesPayableCurrent`	$401.04K	USD	Point-in-time
Notes payable - current, net	`NotesPayableCurrent`	$595.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$10.19K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$28.58K	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`	$912.90K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$896.56K	USD	Point-in-time
Notes payable - noncurrent, net	`LongTermNotesPayable`	$786.92K	USD	Point-in-time
Notes payable - noncurrent, net	`LongTermNotesPayable`	$948.66K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 141,037,117 and 135,524,617 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively	`CommonStockValue`	$135.53K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 141,037,117 and 135,524,617 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively	`CommonStockValue`	$141.04K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.35M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.76M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-814.09K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$588.96K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$333.06K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$632.00	USD	1 Quarter
Revenue	`Revenues`	$840.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$603.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$439.00	USD	1 Quarter
Gross profit	`GrossProfit`	$193.00	USD	1 Quarter
Gross profit	`GrossProfit`	$237.00	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$897.85K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$871.76K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$871.76K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$897.85K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-871.57K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-897.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$172.88K	USD	1 Quarter
Interest expense	`InterestExpense`	$88.99K	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
Gain on settlement of debt	`GainOnSettlementOfDebt`	$-48.62K	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$18.39K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-6.33K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.06M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-919.60K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-919.60K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.83M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.74M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-919.60K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$44.78K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$62.18K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$25.00K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$199.87K	USD	1 Quarter
Issuance of common stock to employee	`IssuanceOfCommonStockToEmployee`	-	USD	1 Quarter
Issuance of common stock to employee	`IssuanceOfCommonStockToEmployee`	$351.56K	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	$-20.00K	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	1 Quarter
Loss on extension of notes payable	`LossOnExtensionOfNotesPayable`	-	USD	1 Quarter
Loss on extension of notes payable	`LossOnExtensionOfNotesPayable`	$-10.68K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$452.42K	USD	1 Quarter
Common stock payable	`CommonStockPayable1`	-	USD	1 Quarter
Common stock payable	`CommonStockPayable1`	$-109.57K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$18.39K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-6.33K	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	$-48.62K	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	1 Quarter
Accrued Expense - Settled Debt	`AccruedExpenseSettledDebt`	$11.38K	USD	1 Quarter
Accrued Expense - Settled Debt	`AccruedExpenseSettledDebt`	-	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.57K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-57.22K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-1.72K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.06K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.40K	USD	1 Quarter
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$-241.00K	USD	1 Quarter
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.08K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$42.58K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-224.79K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-194.96K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$340.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$520.00K	USD	1 Quarter
Payment on notes payable	`RepaymentsOfLongTermDebt`	$55.00K	USD	1 Quarter
Payment on notes payable	`RepaymentsOfLongTermDebt`	$40.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$285.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$480.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$90.04K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$255.21K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$175.74K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$505.28K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.71K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$175.74K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$505.28K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.71K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$26.68K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Conversion of notes payable to equity	`ConversionOfNotesPayableToEquity`	-	USD	1 Quarter
Conversion of notes payable to equity	`ConversionOfNotesPayableToEquity`	-	USD	1 Quarter
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	-	USD	1 Quarter
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	-	USD	1 Quarter
Derivative liability related to convertible debt	`DerivativeLiabilityRelatedToConvertibleDebt`	-	USD	1 Quarter
Derivative liability related to convertible debt	`DerivativeLiabilityRelatedToConvertibleDebt`	-	USD	1 Quarter
Issuance of common stock payable	`IssuanceOfCommonStockPayable`	-	USD	1 Quarter
Issuance of common stock payable	`IssuanceOfCommonStockPayable`	-	USD	1 Quarter
Capitalize accrued interest after amendment to notes payable	`CapitalizeAccruedInterestAfterAmendmentToNotesPayable`	-	USD	1 Quarter
Capitalize accrued interest after amendment to notes payable	`CapitalizeAccruedInterestAfterAmendmentToNotesPayable`	-	USD	1 Quarter
Equity component of issuance of convertible notes	`EquityComponentOfIssuanceOfConvertibleNotes`	-	USD	1 Quarter
Equity component of issuance of convertible notes	`EquityComponentOfIssuanceOfConvertibleNotes`	-	USD	1 Quarter
Payment of notes payable with issuance of common stock	`PaymentOfNotesPayableWithIssuanceOfCommonStock`	-	USD	1 Quarter
Payment of notes payable with issuance of common stock	`PaymentOfNotesPayableWithIssuanceOfCommonStock`	-	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-814.09K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Issuance of common stock to employee	`IssuanceOfCommonStockToEmployee`	-	USD	1 Quarter
Issuance of common stock to employee	`IssuanceOfCommonStockToEmployee`	$351.56K	USD	1 Quarter
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$520.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$452.42K	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$199.87K	USD	1 Quarter
Issuance of common stock payable	`StockIssued1`	$25.24K	USD	1 Quarter
Shares Issued For Prepayment Penalty	`SharesIssuedForPrepaymentPenalty`	$-20.00K	USD	1 Quarter
Shares Issued For Prepayment Penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	1 Quarter
Payment of notes payable with issuance of common stock, Value	`DebtConversionConvertedInstrumentAmount1`	$10.68K	USD	1 Quarter
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	-	USD	1 Quarter
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	-	USD	1 Quarter
Equity component of issuance of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$85.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-919.60K	USD	1 Quarter
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-814.09K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	$-20.00K	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	1 Quarter

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