10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001445866-19-001330`
Period End Date	20190930
Filing Date	20191113
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	appl-20190930.xml

Filing Contents

This filing contains the following financial statements:

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

Balance Sheet 47 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
Cash	`Cash`	$65.65K	USD	Point-in-time
Cash	`Cash`	$11.49K	USD	Point-in-time
Cash	`Cash`	$550.57K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$56.60K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	120.71M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$140.46K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	119.06M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$65.65K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	119.06M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$197.06K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	120.71M	shares	Point-in-time
Equity method investment	`Investments`	$514.69K	USD	Point-in-time
Equity method investment	`Investments`	$509.56K	USD	Point-in-time
Total assets	`Assets`	$706.63K	USD	Point-in-time
Total assets	`Assets`	$580.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$116.31K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$85.28K	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`	$31.09K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToRelatedPartiesCurrent`	$61.03K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$180.53K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$70.62K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$80.42K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$755.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$19.82K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$109.25K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	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; 120,709,674 and 119,059,674 shares issued and outstanding as of September 30, 2019 and June 30, 2019, respectively	`CommonStockValue`	$119.06K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 120,709,674 and 119,059,674 shares issued and outstanding as of September 30, 2019 and June 30, 2019, respectively	`CommonStockValue`	$120.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.66M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$253.59K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$514.57K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-495.12K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$580.35K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$706.63K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$30.27K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$1.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$30.27K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-30.27K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.27M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-5.13K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$6.65K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.49K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$15.53K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.27M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-31.76K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.27M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-31.76K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.11M	shares	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.99M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.27M	USD	1 Quarter
Net loss	`ProfitLoss`	$-31.76K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$14.86K	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$5.85K	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$165.00K	USD	1 Quarter
Issuance of common stock to employee	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$351.56K	USD	1 Quarter
Issuance of common stock to employee	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$19.53K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-5.13K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Common stock payable	`IncreasedecreaseinCommonStockPayable`	$674.58K	USD	1 Quarter
Common stock payable	`IncreasedecreaseinCommonStockPayable`	-	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$15.53K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$140.46K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.03K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.80K	USD	1 Quarter
Net cash (used )in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.18K	USD	1 Quarter
Net cash (used )in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-179.10K	USD	1 Quarter
Cash paid for investment	`PaymentsForProceedsFromInvestments`	$64.29K	USD	1 Quarter
Cash paid for investment	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.29K	USD	1 Quarter
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$10.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$200.00K	USD	1 Quarter
Payment on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payment on notes payable	`RepaymentsOfNotesPayable`	$29.95K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$608.54K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$170.05K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$618.54K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$-9.05K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$539.08K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`Cash`	$65.65K	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`	$550.57K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$56.60K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$65.65K	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`	$550.57K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$56.60K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$514.57K	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`	$-495.12K	USD	Point-in-time
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$608.54K	USD	1 Quarter
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$351.56K	USD	1 Quarter
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$19.53K	USD	1 Quarter
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$5.85K	USD	1 Quarter
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$165.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.27M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-31.76K	USD	1 Quarter
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$514.57K	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`	$-495.12K	USD	Point-in-time

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