10-K Filing

APPlife Digital Solutions Inc CIK: 1755101 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001445866-19-001184`
Period End Date	20190630
Filing Date	20190930
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	appl-20190630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 28 Cash Flow Statement 47 Stockholders Equity 16

Balance Sheet 43 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`	119.06M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	17.24M	shares	Point-in-time
Cash	`Cash`	$11.49K	USD	Point-in-time
Cash	`Cash`	$65.65K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	119.06M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	17.24M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$10.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.49K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.65K	USD	Point-in-time
Investment (cost method at June 30, 2018, equity method at June 30, 2019)	`EquityMethodInvestments`	$514.69K	USD	Point-in-time
Investment (cost method at June 30, 2018, equity method at June 30, 2019)	`EquityMethodInvestments`	$100.00K	USD	Point-in-time
Total Assets	`Assets`	$121.49K	USD	Point-in-time
Total Assets	`Assets`	$580.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$26.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$85.28K	USD	Point-in-time
Due to officer	`DueToRelatedPartiesCurrent`	$9.58K	USD	Point-in-time
Due to officer	`DueToRelatedPartiesCurrent`	$9.58K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`OtherLiabilitiesCurrent`	$100.00K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`OtherLiabilitiesCurrent`	$61.03K	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$73.00K	USD	Point-in-time
Notes payable	`ShortTermBankLoansAndNotesPayable`	$70.62K	USD	Point-in-time
Common stock payable	`ShortTermNonBankLoansAndNotesPayable`	-	USD	Point-in-time
Common stock payable	`ShortTermNonBankLoansAndNotesPayable`	$80.42K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$19.82K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$209.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$326.75K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 119,059,674 and 17,239,093 shares issued and outstanding as of June 30, 2019 and June 30, 2018, respectively	`CommonStockValue`	$17.24K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 119,059,674 and 17,239,093 shares issued and outstanding as of June 30, 2019 and June 30, 2018, respectively	`CommonStockValue`	$119.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-172.59K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.66M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$253.59K	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`	$580.35K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$171.09K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$1.46M	USD	Annual
Total operating expenses	`OperatingExpenses`	$171.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.46M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.46M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-171.09K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-21.02K	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.50K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$13.84K	USD	Annual
Change in fair value of derivative liability	`OtherNonoperatingIncome`	-	USD	1 Quarter
Change in fair value of derivative liability	`OtherNonoperatingIncome`	$1.20K	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$-1.50K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-33.66K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-172.59K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.49M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Point-in-time
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Point-in-time
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (loss)	`ProfitLoss`	$-1.49M	USD	Annual
Net (loss)	`ProfitLoss`	$-172.59K	USD	1 Quarter
Basic and diluted (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.66M	shares	Annual
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.98M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.49M	USD	Annual
Net loss	`ProfitLoss`	$-172.59K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.47K	USD	Annual
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$63.50K	USD	1 Quarter
Issuance of common stock to employee	`ShareBasedCompensation`	$1.07M	USD	Annual
Issuance of common stock to employee	`ShareBasedCompensation`	-	USD	1 Quarter
Issuance of notes payable for services	`IncreaseDecreaseInOtherCurrentLiabilities`	$73.00K	USD	1 Quarter
Issuance of notes payable for services	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-21.02K	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Common stock payable	`OtherNoncashIncome`	-	USD	1 Quarter
Common stock payable	`OtherNoncashIncome`	$-80.42K	USD	Annual
Noncash interest expense	`OtherNoncashExpense`	$8.64K	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-1.20K	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$10.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-10.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableTrade`	$36.08K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableTrade`	$58.78K	USD	Annual
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.01K	USD	1 Quarter
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-216.69K	USD	Annual
Cash paid for investment	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Cash paid for investment	`PaymentsToAcquireInvestments`	$317.72K	USD	Annual
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-317.72K	USD	Annual
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$10.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	1 Quarter
Payment on notes payable	`RepaymentsOfUnsecuredDebt`	$156.97K	USD	Annual
Payment on notes payable	`RepaymentsOfUnsecuredDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$21.50K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$735.54K	USD	Annual
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$588.57K	USD	Annual
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$21.50K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.49K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$54.16K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.49K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.65K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.49K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.65K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Vendors paid by officer	`VendorsPaidByOfficer`	-	USD	Annual
Vendors paid by officer	`VendorsPaidByOfficer`	$9.58K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	-	USD	Point-in-time
Common stock issued to founders	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$21.50K	USD	1 Quarter
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$735.54K	USD	Annual
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	11.49M	shares	Annual
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	351,309.00	shares	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$63.50K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$20.47K	USD	Annual
Net loss	`ProfitLoss`	$-1.49M	USD	Annual
Net loss	`ProfitLoss`	$-172.59K	USD	1 Quarter
Common stock issued to employees	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.07M	USD	Annual
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$253.59K	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.