10-K Filing

APPlife Digital Solutions Inc CIK: 1755101 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001096906-23-001883`
Period End Date	20230630
Filing Date	20231002
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	alds-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 32 Cash Flow Statement 48 Stockholders Equity 17

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
Common Stock, Shares, Issued	`CommonStockSharesIssued`	148.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$189.23K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	150.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$57.62K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$35.44K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	150.54M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	148.54M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.04K	USD	Point-in-time
Inventories, net	`InventoryNet`	$65.21K	USD	Point-in-time
Inventories, net	`InventoryNet`	$64.20K	USD	Point-in-time
Total assets	`Assets`	$158.26K	USD	Point-in-time
Total assets	`Assets`	$261.47K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$157.70K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$103.36K	USD	Point-in-time
Notes payable to shareholders	`NotesPayableToShareholders`	$289.32K	USD	Point-in-time
Notes payable to shareholders	`NotesPayableToShareholders`	$262.95K	USD	Point-in-time
Notes payable - current	`NotesPayableCurrent`	$16.05K	USD	Point-in-time
Notes payable - current	`NotesPayableCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$28.58K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$577.18K	USD	Point-in-time
Due to officer	`DueToOfficer`	$1.00K	USD	Point-in-time
Due to officer	`DueToOfficer`	-	USD	Point-in-time
Common stock payable	`CommonStockPayable`	-	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$10.47K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$980.33K	USD	Point-in-time
Notes payable to shareholders, noncurrent	`NotesPayableToShareholdersNoncurrent`	$100.00K	USD	Point-in-time
Notes payable to shareholders, noncurrent	`NotesPayableToShareholdersNoncurrent`	$151.78K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59M	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 150,543,635 and 148,543,635 shares issued and outstanding as of June 30, 2023 and 2022, respectively	`CommonStockValue`	$150.54K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 150,543,635 and 148,543,635 shares issued and outstanding as of June 30, 2023 and 2022, respectively	`CommonStockValue`	$148.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$158.26K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$261.47K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$46.88K	USD	Annual
Revenue	`Revenues`	$28.16K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$25.91K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$48.23K	USD	Annual
Gross (loss) profit	`GrossProfit`	$2.25K	USD	Annual
Gross (loss) profit	`GrossProfit`	$-1.35K	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$3.01M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$3.13M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.01M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.13M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.01M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.13M	USD	Annual
Interest expense	`InterestExpense`	$500.92K	USD	Annual
Interest expense	`InterestExpense`	$645.02K	USD	Annual
Gain on settlement of debt	`GainOnSettlementOfDebt`	$-48.62K	USD	Annual
Gain on settlement of debt	`GainOnSettlementOfDebt`	-	USD	Annual
Change in fair value of common stock payable	`ChangeInFairValueOfCommonStockPayable`	$4.53K	USD	Annual
Change in fair value of common stock payable	`ChangeInFairValueOfCommonStockPayable`	-	USD	Annual
Change in fair value of common stock	`ChangeInFairValueOfCommonStock`	-	USD	Annual
Change in fair value of common stock	`ChangeInFairValueOfCommonStock`	$-11.28K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$274.92K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-67.36K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.54M	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.50M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-3.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.50M	USD	Annual
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.07	USD	Annual
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.07	USD	Annual
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	51.08M	shares	Annual
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	53.66M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.50M	USD	Annual
Amortization	`DepreciationDepletionAndAmortization`	$385.41K	USD	Annual
Amortization	`DepreciationDepletionAndAmortization`	$192.40K	USD	Annual
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$102.89K	USD	Annual
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$137.92K	USD	Annual
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$144.14K	USD	Annual
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$155.95K	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.01M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.29M	USD	Annual
Change in fair value of derivative liability	`CommonStockPayable1`	$-67.36K	USD	Annual
Change in fair value of derivative liability	`CommonStockPayable1`	$274.92K	USD	Annual
Gain on settlement of debt	`GainOnSettlementOfDebt1`	-	USD	Annual
Gain on settlement of debt	`GainOnSettlementOfDebt1`	$-48.62K	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$-10.47K	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$10.47K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-26.07K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$11.35K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$15.32K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.01K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$185.09K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$127.65K	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-677.61K	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-884.41K	USD	Annual
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$350.00K	USD	Annual
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$545.00K	USD	Annual
Proceeds from due to officer	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	-	USD	Annual
Proceeds from due to officer	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$1.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$520.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Payment on notes payable	`RepaymentsOfLongTermDebt`	$40.00K	USD	Annual
Payment on notes payable	`RepaymentsOfLongTermDebt`	-	USD	Annual
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	$6.43K	USD	Annual
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$546.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$823.57K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-131.61K	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-60.84K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.62K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.62K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07K	USD	Point-in-time
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$484.37K	USD	Annual
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$600.21K	USD	Annual
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$1.39M	USD	Annual
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	Annual

Stockholders Equity 17 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`	$-444.97K	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$520.00K	USD	Annual
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$2.29M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.01M	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.29M	USD	Annual
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$144.14K	USD	Annual
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$155.95K	USD	Annual
Issuance of common stock payable, Shares	`StockIssuedDuringPeriodSharesOther`	8.11M	shares	Annual
Net loss	`NetIncomeLoss`	$-3.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.50M	USD	Annual
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	Annual
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$1.39M	USD	Annual

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