OTC: ALDS
APPlife Digital Solutions IncCIK 0001755101 · SIC 5531 · Auto & Home Supply Stores
APPlife Digital Solutions, Inc. (the “Company” or “Applife”) was formed March 5, 2018, in Nevada. The Company’s main operating subsidiary, Sugar Auto Parts, Inc. (“SAP”), was formed on January 6, 2025, as a Nevada corporation. SAP is headquartered at 701 Anacapa St, Suite C, Santa Barbara, CA 93101. About this business →
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (MU 10-K) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade ALDS commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-K filed Oct 8, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations
| Description | Year ended June 30, 2026 | Period January 6, 2025 to June 30, 2025 |
|---|---|---|
| Revenue | 2,297,200 | 315,130 |
| Cost of goods sold | (1,796,910) | (270,891) |
| Gross profit | 500,290 | 44,239 |
| Operating expenses | 2,181,141 | 246,137 |
| Impairment of goodwill | 2,697,728 | - |
| Total operating expenses | 4,878,869 | 246,137 |
| Loss from operations | (4,378,579) | (201,898) |
| Other income (expense) | ||
| Finance expense | (532,115) | (803,589) |
| Amortization of debt discounts | (707,755) | - |
| Change in fair value of Derivative Liability | 967,333 | - |
| Gain (loss) on extinguishment of debt | (12,013) | 7,724 |
| Loss on Disposal of Fixed Asset | (1,000) | - |
| Gain on sale | 8,200 | - |
| Other Expense | (17,621) | - |
| Total Other Expenses | (294,971) | (795,865) |
| Net loss before provision for income taxes | (4,673,550) | (997,763) |
| Provision for income taxes | - | - |
| Net (loss) | (4,673,550) | (997,763) |
| Weighted-average common shares outstanding | 8,043,334 | 8,000,000 |
| Loss per share | (0.58) | (0.12) |
Consolidated Balance Sheets
| Description | June 30, 2026 | June 30, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | 21,725 | 111,397 |
| Inventory | 5,117 | 5,135 |
| Prepaid expenses | 40,000 | - |
| Operating lease and right of use asset | 1,485 | 18,201 |
| Total current assets | 68,327 | 134,733 |
| Other assets | 500 | - |
| Goodwill | - | 2,696,018 |
| Furniture and equipment | - | 1,000 |
| Domain list | 1,000 | 1,000 |
| Total assets | 69,827 | 2,832,751 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | 379,107 | 40,513 |
| Accounts payable and accrued expenses related parties | 444,938 | - |
| Operating lease liability | 1,485 | 18,201 |
| Due to Applife Holdings | 150,000 | 150,000 |
| Derivative liabilities | 665,017 | 802,589 |
| Promissory notes non-related parties | 39,750 | - |
| Promissory notes related parties | 38,901 | - |
| Convertible promissory notes, net of discounts | 726,100 | - |
| Other liabilities | 1,635,651 | 1,679,514 |
| Total current liabilities | 4,080,949 | 2,690,817 |
| Convertible preferred stock liability Series B preferred stock, $0.001 par value per share, 20,000 shares authorized and 14,515 and 12,855 shares issued and outstanding as of June 30, 2026 and 2025, respectively; stated value of $1,451,500 and $1,285,500 as of June 30, 2026 and 2025 | 1,246,921 | 953,712 |
| Total liabilities | 5,327,870 | 3,644,529 |
| Commitments and contingencies | - | - |
| Stockholders’ deficit | ||
| Preferred Stock Series C of $0.001 par value Authorized: 2,500 shares as of June 30, 2026 and 2025; Issued and Outstanding: 2,500 shares as of June 30, 2026 and 2025 | 3 | 3 |
| Preferred Stock Series D of $0.001 par value Authorized: 10,000 shares as of June 30, 2026 and 2025; Issued and Outstanding: 810 shares as of June 30, 2026 and 2025; Liquidation preference of $810,000 | 1 | 1 |
| Common Stock of $0.001 par value Authorized: 20,000,000 and 5,000,000,000 shares as of June 30, 2026 and 2025, Issued and outstanding: 8,202,083 and 8,000,000 shares as of June 30, 2026 and 2025 | 8,202 | 8,000 |
| Additional Paid in Capital | 3,029,082 | 2,801,999 |
| Accumulated (deficit) | (8,295,331) | (3,621,781) |
| Total stockholders’ deficit | (5,258,043) | (811,778) |
| Total liabilities and stockholders’ deficit | 69,827 | 2,832,751 |
Consolidated Statements of Cash Flows
| Description | Year ended June 30, 2026 | Period January 6, 2025 to June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (4,673,550) | (997,763) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Finance expense | 532,115 | 803,589 |
| Goodwill impairment | 2,697,728 | - |
| Amortization of debt discounts | 707,755 | - |
| Professional fees incurred on convertible promissory notes | 40,810 | - |
| Common and preferred stock issued for services | 269,265 | - |
| Change in fair value of derivative liabilities | (967,333) | - |
| Loss on extinguishment of debt | 12,013 | (7,724) |
| Loss on disposal of fixed asset | 1,000 | - |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other assets | (40,500) | - |
| Inventories | 18 | - |
| Accounts payable and accrued expenses | 277,023 | 41,934 |
| Accounts payable and accrued expenses related parties | 436,237 | - |
| Other liabilities | (45,573) | - |
| Net cash (used) in operating activities | (752,992) | (159,964) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Cash paid to purchase AP4L | - | (35,000) |
| Purchase consideration Applife Digital Solutions | - | (150,000) |
| Net cash (used) in investing activities | - | (185,000) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from promissory notes | - | 600,000 |
| Payments on other liabilities | - | (143,639) |
| Proceeds from related party advances | 27,500 | - |
| Proceeds from promissory notes related parties | 20,000 | - |
| Proceeds from promissory notes non-related parties | 50,000 | - |
| Proceeds from convertible promissory notes | 565,820 | - |
| Net cash provided from financing activities | 663,320 | 456,361 |
| Net (decrease) increase in cash and cash equivalents | (89,672) | 111,397 |
| Cash and cash equivalents, beginning of period | 111,397 | - |
| Cash and cash equivalents, end of period | 21,725 | 111,397 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | - | - |
| Cash paid for taxes | - | - |
| Non-cash financing activities: | ||
| Acquisition of AP4L | - | 2,696,018 |
| Issuance of Series B Preferred Stock to settle debt | - | 845,000 |
| Effect of reverse capitalization | - | 624,015 |
| Conversion of convertible debt into Preferred Series D | - | 810,000 |
| Issuance of warrants with convertible debt | - | 802,589 |
| Derivative liabilities converted to additional paid in capital | 8,517 | - |
| Reclassification of related party advances to convertible promissory notes related parties | 47,500 | - |
| Shares issued in conversion of convertible promissory notes | 55,588 | - |
| Derivative liabilities recorded as debt discount on convertible promissory notes | 728,842 | - |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About APPlife Digital Solutions Inc
Source: Item 1 (Business) from the 10-K filed October 8, 2026. Description as filed by the company with the SEC.
ITEM 1. Business
Nature of Operations and Going Concern
APPlife Digital Solutions, Inc. (the “Company” or “Applife”) was formed March 5, 2018, in Nevada. The Company’s main operating subsidiary, Sugar Auto Parts, Inc. (“SAP”), was formed on January 6, 2025, as a Nevada corporation. SAP is headquartered at 701 Anacapa St, Suite C, Santa Barbara, CA 93101.
On April 30, 2025, SAP executed a Bill of Sale with AP4L ABC, LLC. (AP4L) to acquire substantially all of AP4L’s assets. Under the agreement, SAP purchased all intellectual property and general intangible assets, including domain names, the AP4L website and related rights, and certain supplier relationships that could be re-established or renegotiated. The Company operates primarily as an aftermarket automotive parts ecommerce business, specializing in online sales of suspension lift systems and related automotive accessories through its ecommerce platform. SAP leverages its digital presence to serve customers across the United States, offering a wide selection of products for Jeep, truck, and SUV owners.
The Company has a limited operating history, operations, and revenues and will need to raise capital to implement our planned operations.
Reverse Merger Transaction
On May 1, 2025, the Company entered into a definitive agreement to acquire SAP, with the transaction structured as a reverse merger. Following the Closing of the reverse merger on June 13, 2025, SAP became the operating entity of the combined company, with APPlife continuing as the registrant and reporting company. The transaction did not involve the transfer of employees, but SAP did engage a prior AP4L consultant to support ongoing business operations.
Read full description ↓
Products
As of the period from inception through today’s date, we have generated limited revenue and incurred expenses and operating losses, as part of our developmental stage activities in building our ecommerce platform and Sugar Auto Parts marketplace. Our auto parts ecommerce platform is our primary ecommerce website, offering a comprehensive catalog of suspension lift kits and related accessories for Jeep, truck, and SUV owners. The platform allows customers to browse, compare, and purchase products online, with a focus on providing quality aftermarket parts and a user-friendly shopping experience. Our sources of revenue are expected to come from product purchases and, in the future, may include advertising and sponsorships.
Competition
We directly compete for buyers to use our web sites over current ecommerce sites as well as sellers that utilize major marketplaces such as Amazon and eBay. However, we believe our specialty ecommerce website offers substantial value-added content including installation guides, install videos, high impact photos, order customization and live chat with a technical expert.
Additionally, we believe that our automotive parts marketplace Sugar Auto Parts, with no known large challengers presently in the space outside of “all things to all people” online marketplaces like Amazon and eBay, has the opportunity to quickly be branded when launched as the auto part’s industry premier marketplace just as sites like Etsy, Wayfair, Uber and Chewy have been able to successfully do in their industries.
4
Marketing Strategy
Our marketing strategy is carefully built and tailored for our ecommerce platform. We focus on digital advertising, search engine optimization, and targeted promotions aimed at automotive enthusiasts and professional installers. Our goal is to differentiate ourselves through product specialization, competitive pricing, and customer service, although limited financial resources have constrained marketing efforts and impacted growth.
Employees
The Company operates with a streamlined team structure. Michael Hill was appointed Director and CEO of SAP on March 12, 2025, and following the acquisition of SAP by Applife on June 13, 2025, Mr. Hill was appointed CEO and Chairman of the Board of Directors for Applife. Barrett Evans serves as CFO and Director of the Company. The Company does not currently have a large full-time staff. Instead, the company relies on its executive leadership and a network of independent contractors and professional service providers in the United States to support its operations, business management, accounting, and legal needs. All executive and management functions are based in the U.S., with no employees or contractors located internationally. The Company generates all its revenue from its ecommerce platform serving U.S. customers, and there are no current plans to develop operations outside the United States.
Recent Developments During Fiscal Year 2026
Reverse Stock Split. On May 22, 2026, our Board of Directors approved a 1-for-250 reverse stock split of our outstanding common stock, which became effective June 12, 2026 following processing by FINRA. In connection with the reverse split, we filed a Certificate of Change with the Nevada Secretary of State reducing our authorized common stock from 5,000,000,000 shares to 20,000,000 shares. No fractional shares were issued; fractional shares were rounded up to the next whole share. Our common stock traded under the temporary symbol “ALDSD” for 20 business days following effectiveness and thereafter reverted to “ALDS,” under new CUSIP No. 03829G206.
Financing Activity. During fiscal year 2026, we financed our operations principally through the issuance of convertible and promissory notes and an equity line of credit. These included senior convertible notes issued to Labrys Fund II, L.P., 104 LLC, Bionance LLC, Tri-Bridge Ventures LLC, ClearThink Capital Partners, LLC and ProActive Capital Partners, L.P.; promissory notes issued to SportsAlert Media, Eric Newman, Sharon and Ed Wortman, Bruce Russell, Commerce Pundit, Bruce Davenport and Colby Hill; and an equity line of credit / convertible note facility with C/M Capital Master Fund LP entered into on November 20, 2025. In addition, in April 2026 our Chief Executive Officer made his personal credit card available to our Sugar Auto Parts subsidiary under a six-month credit facility agreement, in exchange for a monthly fee and an inducement share issuance. That facility is in default. See Item 13 and Note 11 to the consolidated financial statements. Several of these notes convert at a discount to the market price of our common stock and contain anti-dilution and reset features. See “Management’s Discussion and Analysis” and Notes to the Consolidated Financial Statements.
Operations. During fiscal 2026, our Sugar Auto Parts marketplace advanced from beta to a soft launch, we expanded our product catalog and installer network, and we surpassed cumulative revenue milestones since inception. As a result of financing constraints, we reduced paid-media spending during portions of the year. As of June 30, 2026, the Company impaired $2,697,728 in goodwill associated with the AP4L acquisition.
Related-Party Arrangements. In May 2026, we approved a one-year consulting agreement with Colby Hill, the son of our Chief Executive Officer, providing for cash compensation of $3,000 per month and 360 shares of Series B Preferred Stock. We also acknowledged an outstanding obligation of approximately $150,000 owed to Applife Holdings, owned by Matthew Reid, a director. See “Certain Relationships and Related Transactions.”