10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001096906-24-000206`
Period End Date	20231231
Filing Date	20240214
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	alds-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 56 Cash Flow Statement 46 Stockholders Equity 32

Balance Sheet 50 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`	$157.88K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$57.62K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	150.54M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	150.54M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.68K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	150.54M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$35.44K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$36.48K	USD	Point-in-time
Inventories	`InventoryNet`	$65.21K	USD	Point-in-time
Inventories	`InventoryNet`	$53.08K	USD	Point-in-time
Total assets	`Assets`	$158.26K	USD	Point-in-time
Total assets	`Assets`	$249.12K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$293.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$157.70K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$16.05K	USD	Point-in-time
Convertible notes payable to shareholder	`OtherNotesPayableCurrent`	$262.95K	USD	Point-in-time
Convertible notes payable to shareholder	`OtherNotesPayableCurrent`	$208.67K	USD	Point-in-time
Notes payable to shareholder	`NotesPayableToShareholder`	-	USD	Point-in-time
Notes payable to shareholder	`NotesPayableToShareholder`	$350.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$904.57K	USD	Point-in-time
Due to officer	`DebtCurrent`	$1.00K	USD	Point-in-time
Due to officer	`DebtCurrent`	$21.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78M	USD	Point-in-time
Convertible notes payable to shareholder - noncurrent, net	`OtherNotesPayable`	$148.11K	USD	Point-in-time
Convertible notes payable to shareholder - noncurrent, net	`OtherNotesPayable`	$151.78K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93M	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 shares issued and outstanding as of both December 31, 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 December 31, 2023 and June 30, 2023	`CommonStockValue`	$150.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.20M	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`	$-18.03M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.68M	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 liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$158.26K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$249.12K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$31.04K	USD	2 Qtrs
Revenue	`Revenues`	$1.94K	USD	1 Quarter
Revenue	`Revenues`	$14.08K	USD	1 Quarter
Revenue	`Revenues`	$5.80K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$25.90K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$12.31K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$12.53K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$10.85K	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$-6.51K	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$-8.91K	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$1.55K	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$5.14K	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$1.47M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$583.59K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$813.55K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$1.17M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.17M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$583.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$813.55K	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`	$-592.50K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.18M	USD	2 Qtrs
Interest expense	`InterestExpense`	$223.07K	USD	1 Quarter
Interest expense	`InterestExpense`	$361.87K	USD	2 Qtrs
Interest expense	`InterestExpense`	$330.38K	USD	2 Qtrs
Interest expense	`InterestExpense`	$212.61K	USD	1 Quarter
Gain on termination of conversion feature on debt	`GainOnTerminationOfConversionFeatureOnDebt`	-	USD	2 Qtrs
Gain on termination of conversion feature on debt	`GainOnTerminationOfConversionFeatureOnDebt`	-	USD	1 Quarter
Gain on termination of conversion feature on debt	`GainOnTerminationOfConversionFeatureOnDebt`	$-417.53K	USD	1 Quarter
Gain on termination of conversion feature on debt	`GainOnTerminationOfConversionFeatureOnDebt`	$-417.53K	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`	$-81.59K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-28.95K	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.55M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-889.19K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.15M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-479.63K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-889.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-479.63K	USD	1 Quarter
Basic and diluted loss per share	`BasicAndDilutedLossPerShare`	$-0.02	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`	60.54M	shares	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	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-889.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-479.63K	USD	1 Quarter
Amortization	`DepreciationDepletionAndAmortization`	$223.87K	USD	2 Qtrs
Amortization	`DepreciationDepletionAndAmortization`	$292.04K	USD	2 Qtrs
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	$40.66K	USD	2 Qtrs
Interest expense	`InterestExpenseShortTermDebtOtherIncreaseDecrease`	-	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.08M	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-581.73K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-910.02K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-449.92K	USD	1 Quarter
Gain on termination of conversion feature on debt	`IncreaseDecreaseGainOnTerminationOfConversionFeatureOnDebt`	$-417.53K	USD	2 Qtrs
Gain on termination of conversion feature on debt	`IncreaseDecreaseGainOnTerminationOfConversionFeatureOnDebt`	-	USD	2 Qtrs
Change in fair value of derivative liability	`CommonStockPayable1`	$250.67K	USD	2 Qtrs
Change in fair value of derivative liability	`CommonStockPayable1`	$-28.95K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.68K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$17.10K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-6.55K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.78K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-12.13K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$103.85K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$112.16K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-199.74K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-387.69K	USD	2 Qtrs
Proceeds from convertible notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$280.00K	USD	2 Qtrs
Proceeds from convertible notes payable to shareholders	`ProceedsFromRelatedPartyDebt`	$325.00K	USD	2 Qtrs
Proceeds from amounts due to officer	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from amounts due to officer	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$20.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-62.69K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$100.26K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.54K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.88K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.23K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.62K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.54K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.88K	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`	$57.62K	USD	Point-in-time
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$379.70K	USD	2 Qtrs
Increase in derivative liability upon issuance of convertible note	`IncreaseInDerivativeLiabilityUponIssuanceOfConvertibleNote`	$280.00K	USD	2 Qtrs
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	2 Qtrs
Payment of notes payable with issuance of options to purchase common stock	`PaymentOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	-	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Equity, Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.68M	USD	Point-in-time
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
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.08M	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-581.73K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-910.02K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-449.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-889.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-479.63K	USD	1 Quarter
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-983.23K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-854.64K	USD	Point-in-time
Equity, Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.68M	USD	Point-in-time
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
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.08M	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-581.73K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-910.02K	USD	2 Qtrs
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-449.92K	USD	1 Quarter
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`	$118.02K	USD	2 Qtrs
Settlement of notes payable with issuance of options to purchase common stock	`SettlementOfNotesPayableWithIssuanceOfOptionsToPurchaseCommonStock`	$436.04K	USD	1 Quarter
Reversal of converted stock options upon amendment of notes payable agreement	`ReversalOfConvertedStockOptionsUponAmendmentOfNotesPayableAgreement`	$-118.02K	USD	1 Quarter
Reversal of converted stock options upon amendment of notes payable agreement	`ReversalOfConvertedStockOptionsUponAmendmentOfNotesPayableAgreement`	$-118.02K	USD	2 Qtrs
Reversal of previously eliminated derivative liability upon amendment of notes payable agreement	`ReversalOfPreviouslyEliminatedDerivativeLiabilityUponAmendmentOfNotesPayableAgreement`	$-86.20K	USD	2 Qtrs
Reversal of previously eliminated derivative liability upon amendment of notes payable agreement	`ReversalOfPreviouslyEliminatedDerivativeLiabilityUponAmendmentOfNotesPayableAgreement`	$-86.20K	USD	1 Quarter
Eliminate derivative liability upon conversion of debt	`EliminateDerivativeLiabilityUponConversionOfDebt`	$86.20K	USD	2 Qtrs

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