10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001096906-23-000321`
Period End Date	20221231
Filing Date	20230210
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	alds-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 60 Cash Flow Statement 49 Stockholders Equity 29

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`	$250.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$265.41K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$189.23K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	148.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$126.54K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	148.54M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	148.54M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.49K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.04K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	148.54M	shares	Point-in-time
Inventories	`InventoryNet`	$71.97K	USD	Point-in-time
Inventories	`InventoryNet`	$64.20K	USD	Point-in-time
Total assets	`Assets`	$261.47K	USD	Point-in-time
Total assets	`Assets`	$200.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$84.78K	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`	$188.33K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$577.18K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$706.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$980.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$989.79K	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`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 148,543,635 and 148,543,635 shares issued and outstanding as of December 31, 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 and 148,543,635 shares issued and outstanding as of December 31, 2022 and June 30, 2022	`CommonStockValue`	$148.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.41M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-14.93M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-818.86K	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`	$-1.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$261.47K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$200.00K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.03K	USD	1 Quarter
Revenue	`Revenues`	$31.04K	USD	2 Qtrs
Revenue	`Revenues`	$14.08K	USD	1 Quarter
Revenue	`Revenues`	$1.87K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$25.90K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$827.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.43K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$12.53K	USD	1 Quarter
Gross profit	`GrossProfit`	$204.00	USD	1 Quarter
Gross profit	`GrossProfit`	$5.14K	USD	2 Qtrs
Gross profit	`GrossProfit`	$441.00	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.55K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$625.74K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$813.55K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$1.52M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$1.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.52M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$813.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$625.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.47M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-812.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.52M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-625.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$330.38K	USD	2 Qtrs
Interest expense	`InterestExpense`	$212.61K	USD	1 Quarter
Interest expense	`InterestExpense`	$85.31K	USD	1 Quarter
Interest expense	`InterestExpense`	$174.29K	USD	2 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	2 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt`	$-48.62K	USD	2 Qtrs
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	-	USD	1 Quarter
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	$-11.28K	USD	2 Qtrs
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	$-11.28K	USD	1 Quarter
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	-	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$24.52K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$250.67K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$135.42K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$6.14K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.55M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.64M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-889.19K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-715.99K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-715.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-889.19K	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.03	USD	2 Qtrs
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.02	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.03	USD	2 Qtrs
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.01	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	53.08M	shares	2 Qtrs
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	53.08M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	48.36M	shares	2 Qtrs
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	50.54M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-715.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-889.19K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$223.87K	USD	2 Qtrs
Amortization	`DepreciationDepletionAndAmortization`	$85.68K	USD	2 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$104.28K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-487.77K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-940.19K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.08M	USD	2 Qtrs
Change in fair value of derivative liability	`CommonStockPayable1`	$24.52K	USD	2 Qtrs
Change in fair value of derivative liability	`CommonStockPayable1`	$250.67K	USD	2 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt1`	-	USD	2 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt1`	$-48.62K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-29.47K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-6.55K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$12.77K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.78K	USD	2 Qtrs
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$-68.50K	USD	2 Qtrs
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$112.16K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.71K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-387.69K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-459.67K	USD	2 Qtrs
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$325.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$520.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Payment on notes payable	`RepaymentsOfLongTermDebt`	$40.00K	USD	2 Qtrs
Payment on notes payable	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	-	USD	2 Qtrs
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	$5.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$475.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$15.33K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-62.69K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$265.41K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$189.23K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.54K	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`	$265.41K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$189.23K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.54K	USD	Point-in-time
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	-	USD	2 Qtrs
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$379.70K	USD	2 Qtrs
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	-	USD	2 Qtrs
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-854.64K	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`	$-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`	$-1.42M	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`	$1.08M	USD	2 Qtrs
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$581.73K	USD	1 Quarter
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$520.00K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-487.77K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-940.19K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.08M	USD	2 Qtrs
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$79.28K	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$104.28K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-715.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-889.19K	USD	1 Quarter
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-854.64K	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`	$-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`	$-1.42M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-487.77K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-940.19K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.08M	USD	2 Qtrs
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	2 Qtrs
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	1 Quarter

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