Appsoft Technologies Files Q2 2024 10-Q

TL;DR

**Appsoft Tech Q2 10-Q filed. Software co. in Garden City, NY.**

AI Summary

Appsoft Technologies, Inc. filed its 10-Q for the period ending June 30, 2024. The company, incorporated in Nevada, operates in the pre-packaged software sector. Its principal executive offices are located in Garden City, NY. The filing covers the second quarter of 2024.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Appsoft Technologies, Inc. during the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant financial events indicated in the provided header information.

Key Numbers

• 0.0001 — Value (Appears to be a placeholder or minimal value in financial tables.)
• 1000000000 — Value (Appears to be a placeholder or large value in financial tables.)
• 4504103 — Value (Appears to be a specific financial figure from the filing.)
• 1936000 — Value (Appears to be a specific financial figure from the filing.)

Key Players & Entities

• Appsoft Technologies, Inc. (company) — Filer
• 7372 (dollar_amount) — Standard Industrial Classification Code for Services-Prepackaged Software
• NV (company) — State of Incorporation
• 1225 Franklin Ave., Suite 325, Garden City, NY 11530 (company) — Business and Mail Address
• 5162247717 (dollar_amount) — Business Phone Number
• 20240630 (dollar_amount) — Period of Report End Date
• 20240816 (dollar_amount) — Filing Date

FAQ

Key Financial Figures

• $0.001 — ch registered common stock, par value $0.001 per share ASFT OTCQB Indicate by c

Filing Documents

• asft_10q.htm (10-Q) — 425KB
• asft_ex311.htm (EX-31.1) — 12KB
• asft_ex312.htm (EX-31.2) — 12KB
• asft_ex321.htm (EX-32.1) — 4KB
• 0001477932-24-004997.txt ( ) — 1983KB
• asft-20240630.xsd (EX-101.SCH) — 21KB
• asft-20240630_lab.xml (EX-101.LAB) — 126KB
• asft-20240630_cal.xml (EX-101.CAL) — 22KB
• asft-20240630_pre.xml (EX-101.PRE) — 102KB
• asft-20240630_def.xml (EX-101.DEF) — 43KB
• asft_10q_htm.xml (XML) — 155KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS AppSoft Technologies, Inc. Balance Sheets June 30, 2024 December 31, 2023 (Unaudited) (Audited) CURRENT ASSETS Cash $ 35 $ 8 TOTAL CURRENT ASSETS 35 8 TOTAL ASSETS $ 35 $ 8 LIABILITIES CURRENT LIABILITIES Accounts Payable and Accruals 298 298 Accrued Interest 31,593 27,541 TOTAL CURRENT LIABILITIES 31,891 27,839 Note Payable 417,243 392,543 TOTAL LIABILITIES 449,134 420,382 COMMITMENTS AND CONTINGENCIES $ - $ - STOCKHOLDER'S EQUITY Series A Cumulative, Convertible Preferred stock ($ 0.0001 par value; 10,000,000 shares authorized; 1,936,000 and 1,936,000 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively) $ 193 $ 193 Common stock ($ 0.0001 par value; 1,000,000,000 shares authorized; 4,504,103 and 4,504,103 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively) 449 449 Additional Paid in Capital 533,858 533,858 Accumulated Deficit ( 983,599 ) ( 954,874 ) TOTAL STOCKHOLDER'S EQUITY (DEFICIT) ( 449,099 ) ( 420,374 ) TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY/(DEFICIT) $ 35 $ 8 The accompanying notes are an integral part of these financial statements. 2 AppSoft Technologies, Inc. For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 (Unaudited) 2023 (Unaudited) 2024 (Unaudited) 2023 (Unaudited) Sales $ - $ - $ - $ - Total Revenue $ - $ - $ - $ - EXPENSES: Selling, General and Administrative 2,362 4,379 4,619 5,787 Interest Expense 2,067 1,863 4,051 3,573 Outside Services 260 890 260 1,865 Professional Fees 9,050 15,400 19,800 38,380 Total Expense 13,739 22,532 28,730 49,605 Loss from operations $ ( 13,739 ) $ ( 22,532 ) $ ( 28,730 ) $ ( 49,605 ) Other Income/Loss) Income on Extinguishment of Debt $ - $ - $ -

View Full Filing

View this 10-Q filing on SEC EDGAR