ALDS — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-10-08

• 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 …

• 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, ClearThin…

• 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 por…

• 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 approximatel…

Text added vs the prior filing · source: 10-K · 2026-10-08

• An investment in our common stock involves a high degree of risk. You should carefully consider the following risks and all of the other information contained in this Annual Report before deciding whether to invest in our

• common stock. If any of the following risks are realized, our business, financial condition and results of operations could be materially and adversely affected. In that event, the trading price of our common stock could decline, and you could lose all or part of your investment in our common stock.…

• We have added and updated the risk factors below to reflect developments during fiscal year 2026. Although as a smaller reporting company we are not required to provide risk-factor disclosure under Item 1A, we have elected to provide the following.

• There is substantial doubt about our ability to continue as a going concern.

• We are a development-stage company with a limited operating history, recurring losses, negative cash flows from operations and a significant accumulated deficit. Our independent registered public accounting firm’s report contains an explanatory paragraph expressing substantial doubt about our abilit…

Text removed vs the prior filing · source: 10-K · 2025-10-14

• An investment in our common stock involves a high degree of risk. You should carefully consider the following risks and all of the other information contained in this Annual Report before deciding whether to invest in our common stock. If any of the following risks are realized, our business, financ…

Text added vs the prior filing · source: 10-K · 2026-10-08

• This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be ma…

• 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”) is a Nevada corporation formed on January 6, 2025, by Mammoth Crest Capital, LLC, a Wyoming corporation that is 50% owned by Micha…

• Results of Operations for Year Ended June 30, 2026 and Period January 6, 2025 to June 30, 2025

• For the year ended June 30, 2026 and period January 6, 2025 to June 30, 2025, we had revenues of $2,297,200 and $315,130, respectively. This growth was primarily driven by the successful completion of key technical enhancements to our ecommerce platform during the quarter. These improvements helped …

• For the year ended June 30, 2026 and period January 6, 2025 to June 30, 2025, we had operating expenses of $4,878,869 and $246,137, respectively. This expense was primarily attributable to payments to contractors, employees and other operating expenses, including marketing and advertising and impair…

Text removed vs the prior filing · source: 10-K · 2025-10-14

• 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”) is a Nevada corporation formed on January 6, 2025, by Mammoth Crest Capital, LLC, a Wyoming corporation that is 50% owned by Micha…

• For the period beginning with inception and ended June 30, 2025, we had revenues of $315,130. The Company has been in the process of marketing and developing its apps, hiring developers and coders, incurring professional fees for registering its common stock and identifying other apps and partnershi…

• For the period beginning with inception and ended June 30, 2025, we had operating expenses of $246,137. This loss was primarily attributable to cost of goods sold, payments to contractors, and other operating expenses, including marketing and advertising.

• For the period beginning with inception and ended June 30, 2025, total other expenses were $195,865. This consisted of interest expense of $803,589, offset in part by a gain on extinguishment of debt of $7,724.

• As reflected in the accompanying consolidated financial statements, the Company has revenue generating operations and has an accumulated deficit of $3,621,781. In addition, there is a working capital deficiency of approximately $2,556,084 and a stockholder’s deficiency of $811,778 as of June 30, 202…