10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001445866-19-000607`
Period End Date	20190331
Filing Date	20190516
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	appl-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 24 Cash Flow Statement 47 Stockholders Equity 16

Balance Sheet 46 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
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$11.49K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$70.64K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	117.96M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.00K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	17.24M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$70.64K	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`	117.96M	shares	Point-in-time
Investment (cost method at June 30, 2018, equity method at March 31, 2019)	`Investments`	$100.00K	USD	Point-in-time
Investment (cost method at June 30, 2018, equity method at March 31, 2019)	`Investments`	$535.72K	USD	Point-in-time
(Decrease) in equity method investment	`DecreaseInEquityMethodInvestment`	$-10.59K	USD	Point-in-time
(Decrease) in equity method investment	`DecreaseInEquityMethodInvestment`	-	USD	Point-in-time
Total Assets	`Assets`	$595.76K	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`	$32.04K	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`	$118.00K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToRelatedPartiesCurrent`	$100.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$73.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$84.00K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	-	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$15.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$258.62K	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; 117,959,674 and 17,239,093 shares issued and outstanding as of March 31, 2019 and June 30, 2018, respectively	`CommonStockValue`	$17.24K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 117,959,674 and 17,239,093 shares issued and outstanding as of March 31, 2019 and June 30, 2018, respectively	`CommonStockValue`	$117.96K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.76K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-172.59K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.12M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$337.15K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$121.49K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$595.76K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	Point-in-time
Revenues	`Revenues`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$928.72K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$467.86K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	-	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-928.72K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-467.86K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	Point-in-time
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-10.59K	USD	3 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-10.59K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	Point-in-time
Interest expense	`InterestExpense`	$557.00	USD	1 Quarter
Interest expense	`InterestExpense`	$4.62K	USD	3 Qtrs
Net Loss	`ProfitLoss`	$-479.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-943.93K	USD	3 Qtrs
Net Loss	`ProfitLoss`	-	USD	Point-in-time
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	Point-in-time
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.90M	shares	3 Qtrs
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.85M	shares	Point-in-time
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.94M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-479.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-943.93K	USD	3 Qtrs
Net loss	`ProfitLoss`	-	USD	Point-in-time
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Point-in-time
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$20.47K	USD	3 Qtrs
Issuance of common stock to employee	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$722.66K	USD	3 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	Point-in-time
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-10.59K	USD	3 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-10.59K	USD	1 Quarter
Common stock payable	`IncreasedecreaseinCommonStockPayable`	$15.00K	USD	3 Qtrs
Common stock payable	`IncreasedecreaseinCommonStockPayable`	-	USD	Point-in-time
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Point-in-time
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.54K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Point-in-time
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-159.68K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Point-in-time
Cash paid for investment	`PaymentsForProceedsFromInvestments`	$317.72K	USD	3 Qtrs
Cash paid for investment	`PaymentsForProceedsFromInvestments`	-	USD	Point-in-time
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-317.72K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Point-in-time
Proceeds from notes payable	`ProceedsFromNotesPayable`	$11.00K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Point-in-time
Payment on notes payable	`RepaymentsOfNotesPayable`	-	USD	Point-in-time
Payment on notes payable	`RepaymentsOfNotesPayable`	$100.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$625.54K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$536.54K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Point-in-time
Net increase in cash and cash equivalents	`CashPeriodIncreaseDecrease`	-	USD	Point-in-time
Net increase in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$59.15K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$11.49K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$70.64K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$11.49K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$70.64K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	-	USD	Point-in-time
Founder's shares	`FoundersShares`	$15.85K	USD	Point-in-time
Founder's shares	`FoundersShares`	-	USD	3 Qtrs
Due to Smartrade Exchange Services, Inc.	`DueToSmartradeExchangeServicesInc.`	-	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToSmartradeExchangeServicesInc.`	$118.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	-	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$337.15K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	-	USD	Point-in-time
Common stock issued to founders, value	`StockIssuedDuringPeriodValueOther`	-	USD	Point-in-time
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$625.54K	USD	3 Qtrs
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$722.66K	USD	3 Qtrs
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Point-in-time
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$20.47K	USD	3 Qtrs
Net Loss	`ProfitLoss`	$-479.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-943.93K	USD	3 Qtrs
Net Loss	`ProfitLoss`	-	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	-	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$337.15K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	-	USD	Point-in-time

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