Wed, Feb 26, 10:29 PM (59 days ago)
APPLife Digital Solutions, Inc. (Ticker: APPL) has filed Amendment No. 1 to its Form 10-K for the fiscal year ended June 30, 2024. This amendment addresses disclosures following SEC correspondence but does not alter any financial data from the original report. The company reported a market value of approximately $787,177 and has 160,893,635 shares outstanding. Management identified material weaknesses in internal controls over financial reporting, specifically a lack of sufficient documentation and resources, impairing timely financial reporting. As a result, internal controls were deemed ineffective as of June 30, 2024. No changes in internal control systems occurred during the fiscal year that would materially affect reporting. The amendment emphasizes the importance of effective disclosure controls and procedures, acknowledging inherent limitations in achieving absolute assurance. The strategic outlook remains cautious due to identified risks related to internal control deficiencies. Overall, while the amendment does not change financial performance metrics, it highlights critical governance issues that could impact future financial integrity and operational performance.