| Note 1 - Organization And Summary Of Significant Accounting Policies | 1. Organization APPlife Digital Solutions, Inc. (the “Company”)
was formed March 5, 2018 in Nevada and has offices in San Francisco, California and Shanghai, China. The Company’s mission
is using digital technology to create APPs and websites that make life, business and living easier, more efficient and just smarter. Going Concern The Company has generated losses and negative cash flows
from operations since inception. The Company has historically financed its operations from equity financing. The Company
anticipates additional equity financings to fund operations in the future. Should management fail to adequately address the issue,
the Company may have to reduce its business activities or curtail its operations. The accompanying financial statements have been prepared
on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and classification of
liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments
relating to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that
might result if the Company is unable to continue as a going concern. Basis of Presentation The accompanying unaudited condensed financial statements
have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United
States, or U.S. GAAP for the interim financial information and the instructions to Form 10Q and Rule 8-03 of Regulation S-X. The balance sheet as of June 30, 2018 is as reported in
our audited financial statements as of that date but does not contain all of the footnote disclosures from the annual financial
statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Our accounting policies are described in the notes to our
June 30, 2018 financial statements, which were included in our Form S-1 for the stub period ended June 30, 2018. We recommend that
the financial statements included in our Quarterly Report on Form 10-Q be read in conjunction with the financial statements and
notes included in our Form S-1 for the stub period ended June 30, 2018. The Company assumes that the users of the interim financial
information herein have read, or have access to, the audited consolidated financial statements for the preceding period, and that
the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations
for the period ended March 31, 2019 are not necessarily indicative of results for the entire year ending June 30, 2019. Cash and Cash Equivalents For the purpose of the statement of cash flows, the Company
considers cash equivalents to include cash and investments with an original maturity of three months or less. Income Taxes The Company has adopted guidance issued by the FASB that
clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition
threshold of more likely than not and a measurement process for financial statement recognition and measurement of a tax position
taken or expected to be taken in a tax return. In making this assessment, a company must determine whether it is more likely than
not that a tax position will be sustained upon examination, based solely on the technical merits of the position and must assume
that the tax position will be examined by taxing authorities. The Company’s policy is to include interest and penalties
related to unrecognized tax benefits in income tax expense. Interest and penalties totaled $0 for the period from March 5, 2018
(inception) to March 31, 2019. The Company files income tax returns with the Internal Revenue Service (“IRS”)
and the state of California. Use of Estimates Generally accepted accounting principles
require that the financial statements include estimates by management in the valuation of certain assets and liabilities. Significant
matters requiring the use of estimates and assumptions include, but are not necessarily limited to, fair value of the Company’s
stock, stock based compensation, and valuation allowance relating to the Company’s deferred tax assets. Management uses
its historical records and knowledge of its business in making these estimates. Management believes that its estimates and assumptions
are reasonable, based on information that is available at the time they are made. Accordingly, actual results could differ from
those estimates. Stock Based Compensation The Company accounts for share-based compensation in accordance
with the fair value recognition provision of FASB ASC 718, Compensation – Stock Compensation (“ASC 718”),
prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.
Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments
such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants
of employee stock options, are recognized as compensation expense in the financial statements based on the estimated grant date
fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for
the award, known as the requisite service period (usually the vesting period). The Company accounts for share-based compensation issued
to non-employees and consultants in accordance with the provisions of FASB ASC 505, Equity–based Payments to Non-Employees
(“ASC 505”). Measurement of share-based payment transactions with non-employees is based on the fair value of
whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair
value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion
date. Net Loss per Share Basic net loss per share is calculated by dividing the
net loss for the period by the weighted-average number of common shares outstanding during the period. Diluted net loss per share
is calculated by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period,
increased by potentially dilutive common shares ("dilutive securities") that were outstanding during the period. Dilutive
securities include stock options and warrants granted, convertible debt, and convertible preferred stock. There were no potentially
dilutive securities for the period ended March 31, 2019. Fair Value of Financial Instruments The Company follows FASB ASC 820, Fair Value Measurements
and Disclosures Level 1 Quoted market prices available
in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted
prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally
unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair
values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant
model assumption or input is unobservable. The fair value hierarchy gives the highest priority to
quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.
If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization
is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts reported in the Company’s financial
statements for cash, accounts payable and accrued expenses approximate their fair value because of the immediate or short-term
nature of these financial instruments. Equity Method Investments We began accounting for our ownership in Smartrade Exchange
Services, Inc (“Smartrade”) using the equity method of accounting during the quarter ended March 31,
2019. In prior periods, the investment was accounted for under the cost method. The equity method states that if the investment
provides us the ability to exercise significant influence, but not control, over the investee, we account for the investment under
the equity method. Significant influence is generally deemed to exist if the Company’s ownership interest
in the voting stock of the investee ranges between 20% and 50%, although other factors, such as representation on the investee’s
board of directors, are considered in determining whether the equity method of accounting is appropriate. Under
the equity method of accounting, the investment is recorded at its initial carrying value in the balance sheet and
is periodically adjusted for capital contributions, dividends received and our share of the investee’s earnings or losses
together with other-than-temporary impairments which are recorded as a component of other income (expense), net in the statements
of operations. Our effective ownership in Smartrade was 25% and 4.66% at March 31, 2019 and June 30, 2018. See note 2. Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, "Financial
Instruments Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825)". ASU 2016-01 revises the
classification and measurement of investments in certain equity investments and the presentation of certain fair value changes
for certain financial liabilities measured at fair value. ASU 2016-01 requires the change in fair value of many equity investments
to be recognized in net income. ASU 2016-01 is effective for interim and annual periods beginning after December 15, 2017, with
early adoption permitted. The adoption of ASU 2016-01 did not have a material impact to the Company’s financial statements. |
