Quarterly ResultMay 13, 2026, 04:14 PM
APPlife Digital Q3 Net Loss $442.6K; Going Concern Doubt
AI Summary
APPlife Digital Solutions Inc. reported a net loss of $442,562 for the three months ended March 31, 2026, and $1,345,106 for the nine months. The company continues to face significant financial challenges, including negative cash flows from operations and a substantial stockholders' deficit, raising substantial doubt about its ability to continue as a going concern. The company operates an aftermarket automotive parts e-commerce business.
Key Highlights
- Net loss for the three months ended March 31, 2026, was $(442,562) on revenue of $716,661.
- Net loss for the nine months ended March 31, 2026, was $(1,345,106).
- Cash balance decreased to $16,305 as of March 31, 2026, from $111,397 at June 30, 2025.
- Total liabilities increased to $4,829,686 as of March 31, 2026, from $3,644,529.
- Stockholders' deficit widened to $(2,011,183) from $(811,778) since June 30, 2025.
- Net cash used in operating activities was $(685,912) for the nine months ended March 31, 2026.
- The company's ability to continue as a going concern is in substantial doubt.
- The company operates an aftermarket automotive parts e-commerce business.