10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001445866-19-000174`
Period End Date	20181231
Filing Date	20190219
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	appl-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 18 Cash Flow Statement 20 Stockholders Equity 10

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par or stated value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par or stated value	`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	`Cash`	$312.93K	USD	Point-in-time
Cash	`Cash`	$11.49K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	117.69M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	17.24M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$312.93K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$21.49K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.24M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	117.69M	shares	Point-in-time
Investment in affiliate	`InvestmentsInAndAdvancesToAffiliatesAmountOfEquity`	$100.00K	USD	Point-in-time
Investment in affiliate	`InvestmentsInAndAdvancesToAffiliatesAmountOfEquity`	$285.72K	USD	Point-in-time
Total Assets	`Assets`	$598.65K	USD	Point-in-time
Total Assets	`Assets`	$121.49K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.10K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$9.58K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$9.58K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToRelatedPartiesCurrent`	$100.00K	USD	Point-in-time
Notes payable, net	`NotesPayableCurrent`	$73.00K	USD	Point-in-time
Notes payable, net	`NotesPayableCurrent`	$84.00K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	-	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$30.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$150.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$209.08K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 117,687,764 and 17,239,093 shares issued and outstanding, respectively	`CommonStockValue`	$17.24K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 117,687,764 and 17,239,093 shares issued and outstanding, respectively	`CommonStockValue`	$117.69K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$967.79K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-172.59K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-637.51K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$447.97K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$598.65K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$121.49K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$430.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$460.86K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-460.86K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-430.59K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.07K	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-464.93K	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-433.17K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-433.17K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-464.93K	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	117.66M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	70.70M	shares	2 Qtrs

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-433.17K	USD	1 Quarter
Net loss	`ProfitLoss`	$-464.93K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$376.94K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$1.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.60K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-46.38K	USD	2 Qtrs
Investment in affiliate	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$285.72K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-285.72K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.00K	USD	2 Qtrs
Payment on notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$623.54K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$633.54K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$301.44K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`Cash`	$312.93K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$11.49K	USD	Point-in-time
Cash and cash equivalents, end of year	`Cash`	$312.93K	USD	Point-in-time
Cash and cash equivalents, end of year	`Cash`	$11.49K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$447.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Common stock issued to founders, value	`StockIssuedDuringPeriodValueOther`	-	USD	2 Qtrs
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$623.54K	USD	2 Qtrs
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$371.09K	USD	2 Qtrs
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$5.85K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-433.17K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-464.93K	USD	2 Qtrs
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$447.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-87.59K	USD	Point-in-time

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