10-Q Filing

APPlife Digital Solutions Inc CIK: 1755101 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001445866-20-000138`
Period End Date	20191231
Filing Date	20200214
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	alds-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 59 Cash Flow Statement 65 Stockholders Equity 33

Balance Sheet 51 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`	$65.65K	USD	Point-in-time
Cash	`Cash`	$11.49K	USD	Point-in-time
Cash	`Cash`	$128.35K	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
Inventories	`InventoryNet`	-	USD	Point-in-time
Inventories	`InventoryNet`	$44.45K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	119.06M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	123.54M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	123.54M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$89.04K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	119.06M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$65.65K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$261.84K	USD	Point-in-time
Equity method investment	`Investments`	-	USD	Point-in-time
Equity method investment	`Investments`	$514.69K	USD	Point-in-time
Total assets	`Assets`	$580.35K	USD	Point-in-time
Total assets	`Assets`	$261.84K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.81K	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`	$6.43K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToRelatedPartiesCurrent`	$1.14K	USD	Point-in-time
Due to Smartrade Exchange Services, Inc.	`DueToRelatedPartiesCurrent`	$61.03K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$70.62K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$427.06K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$55.00K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$80.42K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$215.47K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$19.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$326.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$765.90K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 123,537,531 and 119,059,674 shares issued and outstanding as of December 31, 2019 and June 30, 2019, respectively	`CommonStockValue`	$119.06K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 123,537,531 and 119,059,674 shares issued and outstanding as of December 31, 2019 and June 30, 2019, respectively	`CommonStockValue`	$123.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.85M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-495.12K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$514.57K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-504.06K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-87.59K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$447.97K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$253.59K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$261.84K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$580.35K	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$146.00	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	$146.00	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	-	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$139.00	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	-	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$139.00	USD	1 Quarter
Gross profit	`GrossProfit`	$7.00	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.00	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$323.30K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$1.59M	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$430.59K	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$460.86K	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	-	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	$500.06K	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	$500.06K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-14.64K	USD	2 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-9.51K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$430.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$460.86K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.11M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$832.86K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-460.86K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-430.59K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-832.85K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.11M	USD	2 Qtrs
Interest expense	`InterestExpense`	$61.51K	USD	1 Quarter
Interest expense	`InterestExpense`	$68.16K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.57K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$-17.63K	USD	2 Qtrs
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$-33.16K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	-	USD	2 Qtrs
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-927.53K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.19M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-433.17K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-464.93K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss)	`ProfitLoss`	$-464.93K	USD	2 Qtrs
Net (loss)	`ProfitLoss`	$-927.53K	USD	1 Quarter
Net (loss)	`ProfitLoss`	$-433.17K	USD	1 Quarter
Net (loss)	`ProfitLoss`	$-2.19M	USD	2 Qtrs
Basic and diluted (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.07	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
Basic and diluted (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	70.70M	shares	2 Qtrs
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.99M	shares	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`	31.05M	shares	2 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-464.93K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-927.53K	USD	1 Quarter
Net loss	`ProfitLoss`	$-433.17K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.19M	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.00K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$44.52K	USD	2 Qtrs
Issuance of common stock for services	`IssuanceOfCommonStockForServices`	-	USD	2 Qtrs
Issuance of common stock for services	`IssuanceOfCommonStockForServices`	$-711.45K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$376.94K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$703.13K	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	-	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	$500.06K	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	$500.06K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-14.64K	USD	2 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-9.51K	USD	1 Quarter
Common stock payable	`IncreasedecreaseinCommonStockPayable`	-	USD	2 Qtrs
Common stock payable	`IncreasedecreaseinCommonStockPayable`	$-25.42K	USD	2 Qtrs
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$-17.63K	USD	2 Qtrs
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	$-33.16K	USD	1 Quarter
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	-	USD	2 Qtrs
Change in fair value of derivative liability	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$89.04K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$44.45K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.60K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-24.46K	USD	2 Qtrs
Net cash (used )in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.38K	USD	2 Qtrs
Net cash (used )in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-384.75K	USD	2 Qtrs
Cash paid for investment	`PaymentsForProceedsFromInvestments`	-	USD	2 Qtrs
Cash paid for investment	`PaymentsForProceedsFromInvestments`	$285.72K	USD	2 Qtrs
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	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
Proceeds from notes payable	`ProceedsFromNotesPayable`	$520.00K	USD	2 Qtrs
Payment on notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Payment on notes payable	`RepaymentsOfNotesPayable`	$9.51K	USD	2 Qtrs
Payment on amounts due to Smartrade	`PaymentOnAmountsDueToSmartrade`	$59.90K	USD	2 Qtrs
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	$3.15K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	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 cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$447.44K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$301.44K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$62.69K	USD	2 Qtrs
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`	$128.35K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$312.93K	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`	$128.35K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$312.93K	USD	Point-in-time
Conversion of notes payable to equity	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Conversion of notes payable to equity	`DebtConversionConvertedInstrumentAmount1`	$6.99K	USD	1 Quarter
Conversion of notes payable to equity	`DebtConversionConvertedInstrumentAmount1`	$6.99K	USD	2 Qtrs
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$13.59K	USD	1 Quarter
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	-	USD	2 Qtrs
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$13.59K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-495.12K	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`	$-504.06K	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`	$447.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$623.54K	USD	2 Qtrs
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$15.00K	USD	1 Quarter
Common stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Stock compensation	`AllocatedShareBasedCompensationExpense`	$703.13K	USD	2 Qtrs
Stock compensation	`AllocatedShareBasedCompensationExpense`	$351.56K	USD	1 Quarter
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$371.09K	USD	2 Qtrs
Common stock issued to employees, value	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$351.56K	USD	1 Quarter
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$711.45K	USD	2 Qtrs
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$546.45K	USD	1 Quarter
Conversion of notes payable to equity, value	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Conversion of notes payable to equity, value	`DebtConversionConvertedInstrumentAmount1`	$6.99K	USD	1 Quarter
Conversion of notes payable to equity, value	`DebtConversionConvertedInstrumentAmount1`	$6.99K	USD	2 Qtrs
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$13.59K	USD	1 Quarter
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	-	USD	2 Qtrs
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$13.59K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-464.93K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-927.53K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-433.17K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-2.19M	USD	2 Qtrs
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-495.12K	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`	$-504.06K	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`	$447.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time

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