Appsoft Technologies, Inc. (ASFT) Form 10-Q — Aug 19, 2026
AppSoft Technologies' 10-Q for the quarter ended June 30, 2026 discloses substantial doubt about the company's ability to continue as a going concern, with just $9 of total cash and assets, zero revenue, and an accumulated deficit of $1,146,748. The net loss narrowed to $16,937 for the quarter and $37,386 for the six months, down roughly 44% and 33% year over year, but the company remains entirely dependent on related-party funding: $558,478 of notes payable at 2% interest, $51,194 of accrued interest, and a stockholders' deficit of $609,663.
Key figures
- Revenue
- 0
- Total Debt
- 609672
- Total Assets
- 9
- Cash Position
- 9
- Nol Carryforward
- 1146000
- Full Time Employees
- 1
- Working Capital Deficit
- 51185
- Bgs Drawdown Note Borrowed
- 356058
- Bgs Drawdown Note Maturity
- December 31, 2027
- Common Shares Outstanding
- 4495198
- Bgs Drawdown Note Remaining
- 43942
- Related Party Notes Payable
- 558478
- Preferred Shares Outstanding
- 1936000
- Accrued Interest Related Party
- 51194
- Related Party Note Interest Rate
- 2% per year
- Subsequent Draw After Quarter End
- 10450
AI analysis
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