10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001096906-22-002708`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	alds-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 28 Cash Flow Statement 50 Stockholders Equity 20

Balance Sheet 44 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
Common Stock, Shares, Issued	`CommonStockSharesIssued`	148.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	148.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$225.12K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$505.28K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$189.23K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.84K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.04K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	148.54M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	148.54M	shares	Point-in-time
Inventories	`InventoryNet`	$71.17K	USD	Point-in-time
Inventories	`InventoryNet`	$64.20K	USD	Point-in-time
Total assets	`Assets`	$301.13K	USD	Point-in-time
Total assets	`Assets`	$261.47K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$103.24K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$103.36K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$10.47K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$10.47K	USD	Point-in-time
Notes payable to shareholders	`NotesPayableRelatedPartiesClassifiedCurrent`	$289.32K	USD	Point-in-time
Notes payable to shareholders	`NotesPayableRelatedPartiesClassifiedCurrent`	$393.58K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$577.18K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$712.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$980.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.22M	USD	Point-in-time
Notes payable to shareholders - noncurrent, net	`NotesPayableRelatedPartiesNoncurrent`	$64.86K	USD	Point-in-time
Notes payable to shareholders - noncurrent, net	`NotesPayableRelatedPartiesNoncurrent`	$100.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28M	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 148,543,635 shares issued and outstanding as of September 30, 2022 and June 30, 2022	`CommonStockValue`	$148.54K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 148,543,635 shares issued and outstanding as of September 30, 2022 and June 30, 2022	`CommonStockValue`	$148.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.91M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.04M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$301.13K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$261.47K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$840.00	USD	1 Quarter
Revenue	`Revenues`	$16.96K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$603.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$13.37K	USD	1 Quarter
Gross profit	`GrossProfit`	$3.59K	USD	1 Quarter
Gross profit	`GrossProfit`	$237.00	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$897.85K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$660.83K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$897.85K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$660.83K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-657.23K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-897.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$117.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$88.99K	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`	$115.25K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-919.60K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-659.75K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-919.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-659.75K	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.02	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	-	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	148.54M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	148.54M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-919.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-659.75K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$69.11K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$44.78K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$25.00K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Interest expense	`SharesIssuedForPrepaymentPenalty`	-	USD	1 Quarter
Interest expense	`SharesIssuedForPrepaymentPenalty`	$-25.27K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-495.38K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-452.42K	USD	1 Quarter
Change in fair value of derivative liability	`CommonStockPayable1`	$18.39K	USD	1 Quarter
Change in fair value of derivative liability	`CommonStockPayable1`	$115.25K	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt1`	-	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt1`	$-48.62K	USD	1 Quarter
Accrued Expense - Settled Debt	`AccruedExpenseSettledDebt`	$11.38K	USD	1 Quarter
Accrued Expense - Settled Debt	`AccruedExpenseSettledDebt`	-	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-1.72K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-3.20K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.40K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.97K	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`	$-112.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.08K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-189.12K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-224.79K	USD	1 Quarter
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$225.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$520.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payment on notes payable	`RepaymentsOfLongTermDebt`	$40.00K	USD	1 Quarter
Payment on notes payable	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$480.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$225.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$35.88K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$255.21K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$225.12K	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`	$189.23K	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`	$225.12K	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`	$189.23K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.27M	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`	$-818.86K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$520.00K	USD	1 Quarter
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-495.38K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-452.42K	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	1 Quarter
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	$-25.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-919.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-659.75K	USD	1 Quarter
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.27M	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`	$-818.86K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-495.38K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-452.42K	USD	1 Quarter

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