10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001096906-23-001029`
Period End Date	20230331
Filing Date	20230511
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	alds-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 60 Cash Flow Statement 54 Stockholders Equity 30

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`	$189.23K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	148.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$57.24K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	150.04M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.82K	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`	150.04M	shares	Point-in-time
Inventories	`InventoryNet`	$80.04K	USD	Point-in-time
Inventories	`InventoryNet`	$64.20K	USD	Point-in-time
Total assets	`Assets`	$261.47K	USD	Point-in-time
Total assets	`Assets`	$150.10K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$105.90K	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	`NotesPayableToShareholders`	$289.32K	USD	Point-in-time
Notes payable to shareholders	`NotesPayableToShareholders`	$155.05K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$577.18K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$770.30K	USD	Point-in-time
Due to officer	`LoansPayable`	$1.00K	USD	Point-in-time
Due to officer	`LoansPayable`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$980.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.04M	USD	Point-in-time
Notes payable to shareholders - noncurrent, net	`NotesPayableToShareholdersNoncurrentNet`	$190.08K	USD	Point-in-time
Notes payable to shareholders - noncurrent, net	`NotesPayableToShareholdersNoncurrentNet`	$100.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 150,043,635 and 148,543,635 shares issued and outstanding as of March 31, 2023 and June 30, 2022	`CommonStockValue`	$150.04K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 150,043,635 and 148,543,635 shares issued and outstanding as of March 31, 2023 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`	$14.53M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-13.38M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-15.76M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.80M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$261.47K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$150.10K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$43.37K	USD	3 Qtrs
Revenue	`Revenues`	$12.34K	USD	1 Quarter
Revenue	`Revenues`	$10.35K	USD	3 Qtrs
Revenue	`Revenues`	$8.47K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$35.53K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$9.63K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.43K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$6.86K	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.04K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.70K	USD	1 Quarter
Gross profit	`GrossProfit`	$3.48K	USD	3 Qtrs
Gross profit	`GrossProfit`	$7.84K	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$2.25M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$778.42K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$764.43K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$2.29M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$764.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.25M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$778.42K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.29M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-761.39K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.24M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-775.73K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.28M	USD	3 Qtrs
Interest expense	`InterestExpense`	$149.49K	USD	1 Quarter
Interest expense	`InterestExpense`	$479.19K	USD	3 Qtrs
Interest expense	`InterestExpense`	$323.79K	USD	3 Qtrs
Interest expense	`InterestExpense`	$148.81K	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	$-48.62K	USD	3 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	3 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	1 Quarter
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	-	USD	1 Quarter
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	-	USD	1 Quarter
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	-	USD	3 Qtrs
Change in fair value of Common Stock	`ChangeInFairValueOfCommonStock`	$-11.28K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$25.14K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$616.00	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$91.24K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$341.91K	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.38M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-910.27K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-833.30K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.55M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.38M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-833.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-910.27K	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.02	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.04	USD	3 Qtrs
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.05	USD	3 Qtrs
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.02	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	53.24M	shares	3 Qtrs
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	50.41M	shares	3 Qtrs
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	50.85M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	53.58M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.38M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-833.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-910.27K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$315.81K	USD	3 Qtrs
Amortization	`DepreciationDepletionAndAmortization`	$122.91K	USD	3 Qtrs
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$68.73K	USD	3 Qtrs
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$35.34K	USD	3 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$18.30K	USD	3 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$144.14K	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-586.94K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.43M	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.66M	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-491.57K	USD	1 Quarter
Change in fair value of derivative liability	`CommonStockPayable1`	$341.91K	USD	3 Qtrs
Change in fair value of derivative liability	`CommonStockPayable1`	$25.14K	USD	3 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt1`	-	USD	3 Qtrs
Gain on settlement of debt	`GainOnSettlementOfDebt1`	$-48.62K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-21.33K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$4.78K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$15.84K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$17.52K	USD	3 Qtrs
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$-125.62K	USD	3 Qtrs
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$65.50K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$133.29K	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-577.99K	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-657.14K	USD	3 Qtrs
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$100.00K	USD	3 Qtrs
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$445.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$520.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Payment on notes payable	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Payment on notes payable	`RepaymentsOfLongTermDebt`	$40.00K	USD	3 Qtrs
Proceeds from amounts due to officer	`ProceedsFromLoans`	-	USD	3 Qtrs
Proceeds from amounts due to officer	`ProceedsFromLoans`	$1.00K	USD	3 Qtrs
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	$5.00K	USD	3 Qtrs
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	-	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$575.00K	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$446.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-82.14K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-131.99K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.24K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$265.41K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.24K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$265.41K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07K	USD	Point-in-time
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$168.73K	USD	3 Qtrs
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$479.70K	USD	3 Qtrs
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	-	USD	3 Qtrs
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.80M	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$520.00K	USD	3 Qtrs
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$18.30K	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-586.94K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.43M	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.66M	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-491.57K	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$144.14K	USD	3 Qtrs
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$18.30K	USD	1 Quarter
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$39.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.38M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-833.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-910.27K	USD	1 Quarter
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.80M	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-586.94K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.43M	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.66M	USD	3 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-491.57K	USD	1 Quarter
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	3 Qtrs

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