10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001096906-23-002181`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	alds-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 26 Cash Flow Statement 42 Stockholders Equity 17

Balance Sheet 48 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`	150.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$34.93K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$57.62K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	150.54M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.68K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	150.54M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	150.54M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$35.44K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$31.50K	USD	Point-in-time
Inventories	`InventoryNet`	$65.21K	USD	Point-in-time
Inventories	`InventoryNet`	$63.75K	USD	Point-in-time
Total assets	`Assets`	$131.86K	USD	Point-in-time
Total assets	`Assets`	$158.26K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$157.70K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$195.31K	USD	Point-in-time
Unearned income	`UnearnedIncome`	-	USD	Point-in-time
Unearned income	`UnearnedIncome`	$271.00	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$16.05K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$8.03K	USD	Point-in-time
Notes payable to shareholders	`OtherNotesPayableCurrent`	$262.95K	USD	Point-in-time
Notes payable to shareholders	`OtherNotesPayableCurrent`	$221.08K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$916.51K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Due to officer	`DebtCurrent`	$1.00K	USD	Point-in-time
Due to officer	`DebtCurrent`	$1.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.44M	USD	Point-in-time
Notes payable to shareholders - noncurrent, net	`OtherNotesPayable`	$232.88K	USD	Point-in-time
Notes payable to shareholders - noncurrent, net	`OtherNotesPayable`	$151.78K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58M	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 150,543,635 shares issued and outstanding as of both September 30, 2023 and June 30, 2023	`CommonStockValue`	$150.54K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 150,543,635 shares issued and outstanding as of both September 30, 2023 and June 30, 2023	`CommonStockValue`	$150.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.29M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-17.55M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-16.87M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$131.86K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$158.26K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$16.96K	USD	1 Quarter
Revenue	`Revenues`	$3.85K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.46K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$13.37K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$3.59K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$660.83K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$587.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$587.71K	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`	$-585.31K	USD	1 Quarter
Interest expense	`InterestExpense`	$117.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$138.80K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$52.64K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$115.25K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-659.75K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-671.47K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-659.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-671.47K	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.01	USD	1 Quarter
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	1 Quarter
Average number of common shares outstanding - basic and diluted	`AverageNumberOfCommonSharesOutstandingBasicAndDiluted`	60.54M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-659.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-671.47K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$139.22K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$69.11K	USD	1 Quarter
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$25.27K	USD	1 Quarter
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$-920.00	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-460.10K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-495.38K	USD	1 Quarter
Change in fair value of derivative liability	`CommonStockPayable1`	$52.64K	USD	1 Quarter
Change in fair value of derivative liability	`CommonStockPayable1`	$115.25K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.68K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.09K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.20K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.97K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.46K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.05K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-112.00	USD	1 Quarter
Unearned income	`IncreaseDecreaseInUnearnedIncome`	$271.00	USD	1 Quarter
Unearned income	`IncreaseDecreaseInUnearnedIncome`	-	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`	$-102.69K	USD	1 Quarter
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$80.00K	USD	1 Quarter
Proceeds from notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$225.00K	USD	1 Quarter
Net cash provided from financing activity	`NetCashProvidedByUsedInFinancingActivities`	$225.00K	USD	1 Quarter
Net cash provided from financing activity	`NetCashProvidedByUsedInFinancingActivities`	$80.00K	USD	1 Quarter
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-22.69K	USD	1 Quarter
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$35.88K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.12K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.93K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.62K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.12K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.93K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.62K	USD	Point-in-time
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$80.00K	USD	1 Quarter
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	-	USD	1 Quarter
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$118.02K	USD	1 Quarter
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	-	USD	1 Quarter
Settlement of derivative liability upon conversion of debt	`SettlementOfDerivativeLiabilityUponConversionOfDebt`	-	USD	1 Quarter
Settlement of derivative liability upon conversion of debt	`SettlementOfDerivativeLiabilityUponConversionOfDebt`	$86.20K	USD	1 Quarter

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`	$-1.44M	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-460.10K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-495.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-659.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-671.47K	USD	1 Quarter
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-818.86K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-460.10K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-495.38K	USD	1 Quarter
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$118.02K	USD	1 Quarter
Settlement of derivative liability upon conversion of debt	`SettlementOfDerivativeLiabilityUponConversionOfDebt`	-	USD	1 Quarter
Settlement of derivative liability upon conversion of debt	`SettlementOfDerivativeLiabilityUponConversionOfDebt`	$86.20K	USD	1 Quarter

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