APPlife Digital Solutions Inc. Files Amendment to 2023 10-K

TL;DR

<b>APPlife Digital Solutions Inc. has filed an amendment to its 2023 10-K report to address SEC correspondence.</b>

AI Summary

APPlife Digital Solutions Inc (ALDS) filed a Amended Annual Report (10-K/A) with the SEC on January 11, 2024. APPlife Digital Solutions Inc. filed an Amendment No. 1 on Form 10-K/A to its Annual Report for the fiscal year ended June 30, 2023. The amendment was filed on January 11, 2024, to provide updated disclosures following SEC staff correspondence. The original 10-K was filed on October 2, 2023. This amendment does not modify or update financial or other information from the original filing. The company is incorporated in Nevada and its principal executive offices are located in San Francisco, CA.

Why It Matters

For investors and stakeholders tracking APPlife Digital Solutions Inc, this filing contains several important signals. This filing indicates ongoing communication and potential scrutiny from the SEC regarding APPlife Digital Solutions' previous filings. Investors should review the specific amendments made in this 10-K/A to understand any changes or clarifications provided by the company.

Risk Assessment

Risk Level: low — APPlife Digital Solutions Inc shows low risk based on this filing. The filing is an amendment to a previous report, not a new disclosure of material events, suggesting no immediate new risks are being introduced.

Analyst Insight

Investors should review the specific amendments made in this 10-K/A filing to understand any clarifications or changes to the original report.

Key Numbers

• 2023-06-30 — Fiscal Year End (Fiscal year ended June 30, 2023)
• 2024-01-11 — Filing Date (Date of the 10-K/A filing)
• 2023-10-02 — Original Filing Date (Date of the original 10-K filing)

Key Players & Entities

• APPlife Digital Solutions Inc. (company) — Filer of the 10-K/A amendment
• SEC (regulator) — Received correspondence regarding the original 10-K
• October 2, 2023 (date) — Original 10-K filing date
• January 11, 2024 (date) — Filing date of the 10-K/A amendment
• June 30, 2023 (date) — Fiscal year end for the original 10-K
• 50 California St, Suite 1500, San Francisco, CA 94111 (address) — Principal executive offices

Forward-Looking Statements

• APPlife Digital Solutions Inc. will face increased scrutiny from investors regarding the nature of the SEC's requested disclosures. (APPlife Digital Solutions Inc.) — medium confidence, target: 2024-06-30
• The company's stock price may experience minor volatility as investors digest the implications of the SEC review, despite no financial changes. (APPlife Digital Solutions Inc.) — low confidence, target: 2024-03-31

FAQ

Industry Context

APPlife Digital Solutions Inc. operates in the computer processing and data preparation services industry.

Regulatory Implications

The filing is an amendment to a Form 10-K, indicating compliance with SEC reporting requirements.

What Investors Should Do

1. Review the specific amendments made in the 10-K/A filing.
2. Note the reasons provided for the amendment, stemming from SEC correspondence.
3. Compare the amended disclosures with the original 10-K filing for any material changes.

Key Dates

• 2023-06-30: Fiscal Year End — Period covered by the original 10-K filing
• 2023-10-02: Original 10-K Filing — Initial filing of the annual report
• 2024-01-11: 10-K/A Filing — Amendment filed to provide updated disclosures

Year-Over-Year Comparison

This filing is an amendment to the previously filed 10-K for the fiscal year ended June 30, 2023, providing updated disclosures as requested by the SEC.

Key Financial Figures

• $0.001 — ECTION 12(G) OF THE ACT: COMMON STOCK, $0.001 PAR VALUE PER SHARE (Title of class)

Filing Documents

• alds-20230630.htm (10-K/A) — 46KB
• alds_ex31z1.htm (EX-31.1) — 7KB
• alds_ex31z2.htm (EX-31.2) — 7KB
• alds_ex32z1.htm (EX-32.1) — 5KB
• alds10kz_1.jpg (GRAPHIC) — 3KB
• 0001096906-24-000041.txt (&nbsp;) — 260KB
• alds-20230630_def.xml (EX-101.DEF) — 2KB
• alds-20230630_lab.xml (EX-101.LAB) — 22KB
• alds-20230630_pre.xml (EX-101.PRE) — 15KB
• alds-20230630.xsd (EX-101.SCH) — 2KB
• alds-20230630_htm.xml (XML) — 6KB

Item 9A of the Original 10-K is hereby amended in its entirety and is being replaced with this amended Item 9A

Part II. Item 9A of the Original 10-K is hereby amended in its entirety and is being replaced with this amended Item 9A:

Controls and Procedures

Item 9A. Controls and Procedures Disclosure Controls and Procedure We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports, filed under the Securities Exchange Act of 1934, as amended ("Exchange Act"), is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. Framework used by Management to Evaluate the Effectiveness of Internal Control over Financial Reporting As required by Section 404 of the Sarbanes-Oxley Act of 2002 and the related rule of the SEC, management assessed the effectiveness of our internal control over financial reporting using the Internal Control-Integrated Framework (2013) developed by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment and for the reasons described below, management concluded that our internal control over financial reporting was not effective as of June 30, 2023. Management's Report on Internal Control over Financial Reporting Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Exchange Act. This rule defines internal control over financial reporting as a process designed by, or under the supervision of, the Company's Chief Executive Officer and Chief Financial Officer, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. GAAP. Our internal control over financial reporting includes those policies and procedures that: Refer to the upkeep of records which, with reasonable detail, accurately and fairly reflect our transact

Exhibits, Financial Statement Schedules

ITEM 15. Exhibits, Financial Statement Schedules. Exhibits See the Exhibit Index following the signature page of this Registration Statement, which Exhibit Index is incorporated herein by reference. Exhibit Number Description of Exhibit Filing 31.1 Certification of Principal Executive Officer Pursuant to Rule 13a-14 Filed herewith. 31.2 Certification of Principal Financial Officer Pursuant to Rule 13a-14 Filed herewith. 32.1 CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act Filed herewith.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. APPLIFE DIGITAL SOLUTIONS, INC. Dated: January 10, 2024 /s/ Matt Reid Matt Reid, Principal Executive Officer, Principal Accounting Officer and Director Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. Name Title Date /s/ Matt Reid Principal Executive Officer, Principal Financial Officer, and Director January 10, 2024 Matt Reid

View Full Filing

View this 10-K/A filing on SEC EDGAR