Appsoft's Losses Mount, Cash Dries Up Amid Zero Revenue

TL;DR

**ASFT is a zombie company with no revenue and $8 in cash; avoid at all costs.**

AI Summary

Appsoft Technologies, Inc. (ASFT) reported no revenue for the nine months ended September 30, 2025, a significant decline from $585 in the same period of 2024. The company's net loss widened substantially to $74,820 for the nine months ended September 30, 2025, compared to a net loss of $39,187 in the prior year, representing a 91% increase in losses. Total expenses surged to $74,820 from $39,772, driven primarily by a massive increase in 'Outside Services' to $24,813 in 2025 from $600 in 2024, and higher 'Professional Fees' at $31,340 compared to $25,350. Cash balances plummeted from $101 at December 31, 2024, to just $8 by September 30, 2025. The company's accumulated deficit grew to $1,090,540, and it reported cash used in operations of $67,893, raising substantial doubt about its ability to continue as a going concern. Management is seeking additional equity funding and monitoring working capital to address these challenges.

Why It Matters

This filing paints a dire picture for Appsoft Technologies, indicating a company struggling for survival with virtually no revenue and rapidly increasing expenses. For investors, the 'going concern' warning and the plummeting cash balance to just $8 are critical red flags, suggesting a high risk of insolvency or significant dilution if new funding is secured. Employees face job insecurity given the company's financial distress. Customers and the broader market for esports and mobile apps will see little impact from a company with such minimal operational footprint and financial instability, highlighting its competitive irrelevance in a dynamic industry.

Risk Assessment

Risk Level: high — The company explicitly states a 'substantial doubt about the Company's ability to continue as a going concern' due to an accumulated deficit of $1,090,540 and cash used in operations of $67,893 as of September 30, 2025. Furthermore, cash on hand has dwindled to a mere $8, down from $101 at December 31, 2024, indicating extreme liquidity issues.

Analyst Insight

Investors should immediately divest any holdings in ASFT, as the company's financial statements indicate severe distress, zero revenue, and a 'going concern' warning. Do not consider this stock for investment until there is clear evidence of a sustainable revenue model and significant capital injection.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$8

total Debt

$553,463

net Income

$(74,820)

eps

$(0.02)

gross Margin

N/A

cash Position

$8

revenue Growth

-100.0%

Revenue Breakdown

Key Numbers

• $0 — Total Revenue (for the nine months ended September 30, 2025, down from $585 in 2024)
• $(74,820) — Net Loss (for the nine months ended September 30, 2025, widened from $(39,187) in 2024)
• $8 — Cash (as of September 30, 2025, a decrease from $101 at December 31, 2024)
• $(1,090,540) — Accumulated Deficit (as of September 30, 2025, increased from $(1,015,720) at December 31, 2024)
• $553,463 — Total Liabilities (as of September 30, 2025, up from $478,736 at December 31, 2024)
• $24,813 — Outside Services Expense (for the nine months ended September 30, 2025, a significant increase from $600 in 2024)
• $31,340 — Professional Fees (for the nine months ended September 30, 2025, up from $25,350 in 2024)
• $(0.02) — Basic and Diluted Net Loss Per Share (for the nine months ended September 30, 2025, worsened from $(0.01) in 2024)
• 4,495,198 — Common Shares Outstanding (consistent at September 30, 2025 and 2024)
• $510,343 — Note Payable - Related Party (as of September 30, 2025, increased from $442,543 at December 31, 2024)

Key Players & Entities

• Appsoft Technologies, Inc. (company) — registrant
• Brian Kupchik (person) — President and CEO
• Ventureo (company) — sole holder of Series A Preferred Stock
• U.S. Securities and Exchange Commission (regulator) — filing recipient
• $1,090,540 (dollar_amount) — accumulated deficit as of September 30, 2025
• $8 (dollar_amount) — cash balance as of September 30, 2025
• $74,820 (dollar_amount) — net loss for the nine months ended September 30, 2025
• $67,893 (dollar_amount) — cash used in operations for the nine months ended September 30, 2025
• $510,343 (dollar_amount) — Related Party Notes Payable as of September 30, 2025
• $24,813 (dollar_amount) — Outside Services expense for the nine months ended September 30, 2025

FAQ

Risk Factors

• Severe Cash Depletion and Going Concern Doubt [high — financial]: Cash has plummeted from $101 at December 31, 2024, to $8 as of September 30, 2025. Coupled with a net loss of $74,820 and operating cash burn of $67,893 for the nine months ended September 30, 2025, this raises substantial doubt about the company's ability to continue as a going concern.
• Deteriorating Profitability and Widening Losses [high — financial]: The company reported a net loss of $74,820 for the nine months ended September 30, 2025, a significant increase from $39,187 in the prior year. This 91% increase in losses, alongside a complete absence of revenue, indicates severe operational and financial distress.
• Surge in Outside Services and Professional Fees [medium — operational]: Total expenses increased to $74,820 from $39,772, driven by a dramatic rise in 'Outside Services' to $24,813 from $600 and higher 'Professional Fees' to $31,340 from $25,350. These escalating costs, without corresponding revenue, are unsustainable.
• Growing Accumulated Deficit [medium — financial]: The accumulated deficit has grown to $1,090,540 as of September 30, 2025, from $1,015,720 at the end of 2024. This indicates a long-term trend of unprofitability and erosion of shareholder equity.
• Increasing Liabilities [medium — financial]: Total liabilities have increased to $553,463 from $478,736, with a notable rise in 'Note Payable - Related Party' to $510,343 from $442,543. This increasing debt burden, without revenue generation, exacerbates financial risk.

Industry Context

The software technology sector is highly competitive, requiring continuous innovation and significant investment in R&D and sales. Companies often face challenges in achieving profitability, especially early-stage or niche players. Market trends emphasize cloud-based solutions, AI integration, and data analytics, demanding adaptability and substantial capital.

Regulatory Implications

As a publicly traded company, AppSoft Technologies is subject to SEC regulations and reporting requirements. Failure to maintain adequate financial controls or address going concern issues could lead to delisting or increased scrutiny from regulators and investors.

What Investors Should Do

1. Monitor Management's Equity Funding Efforts
2. Assess Viability of Business Model
3. Evaluate Related Party Transactions
4. Consider High Risk of Dilution

Key Dates

• 2025-09-30: End of Nine Months Reporting Period — Reported $0 revenue, a net loss of $74,820, and cash balance of $8, raising going concern doubts.
• 2024-09-30: End of Nine Months Reporting Period (Prior Year) — Reported $585 in revenue and a net loss of $39,187, indicating a severe deterioration in performance.
• 2024-12-31: End of Fiscal Year 2024 — Company had $101 in cash and an accumulated deficit of $1,015,720.

Glossary

Accumulated Deficit

The total cumulative net losses of a company that have not been offset by net income or other gains. (Indicates the company's long-term unprofitability, which has grown to $1,090,540.)

Going Concern

An assumption that a company will continue to operate for the foreseeable future, typically at least the next 12 months. (Substantial doubt exists for AppSoft Technologies due to its severe cash shortage and operational losses.)

Outside Services

Costs incurred for services provided by external vendors or contractors, not employees. (This expense category saw a massive increase to $24,813 from $600, significantly contributing to the widened net loss.)

Professional Fees

Costs associated with services from legal, accounting, consulting, or other professional firms. (These fees increased to $31,340, adding to the overall expense burden.)

Note Payable - Related Party

Money owed to individuals or entities that have a close relationship with the company, such as officers or major shareholders. (This liability has increased to $510,343, highlighting reliance on related party financing.)

Year-Over-Year Comparison

AppSoft Technologies has experienced a dramatic downturn compared to the prior year. Total revenue has fallen from $585 to $0 for the nine-month period. The net loss has nearly doubled, increasing by 91% from $39,187 to $74,820. Operating expenses have surged, particularly 'Outside Services' and 'Professional Fees', while cash reserves have dwindled to a critical $8, significantly increasing the risk profile.

Key Financial Figures

• $43,120 — ed interest as of September 30, 2025 is $43,120. Details of the Related Party Notes Pa

Filing Documents

• asft_10q.htm (10-Q) — 448KB
• asft_ex311.htm (EX-31.1) — 10KB
• asft_ex312.htm (EX-31.2) — 12KB
• asft_ex321.htm (EX-32.1) — 4KB
• 0001477932-25-008471.txt ( ) — 1918KB
• asft-20250930.xsd (EX-101.SCH) — 17KB
• asft-20250930_lab.xml (EX-101.LAB) — 120KB
• asft-20250930_cal.xml (EX-101.CAL) — 21KB
• asft-20250930_pre.xml (EX-101.PRE) — 94KB
• asft-20250930_def.xml (EX-101.DEF) — 35KB
• asft_10q_htm.xml (XML) — 152KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS AppSoft Technologies, Inc. Balance Sheets September 30, 2025 December 31, 2024 (Unaudited) (Audited) CURRENT ASSETS Cash $ 8 $ 101 TOTAL CURRENT ASSETS 8 101 TOTAL ASSETS $ 8 $ 101 LIABILITIES CURRENT LIABILITIES Accounts Payable and Accruals - 298 Accrued Interest - Related Party 43,120 35,895 TOTAL CURRENT LIABILITIES 43,120 36,193 Note Payable - Related Party 510,343 442,543 TOTAL LIABILITIES 553,463 478,736 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 September 30, 2025 and December 31, 2024, respectively) $ 193 $ 193 Common stock ($ 0.0001 par value; 1,000,000,000 shares authorized; 4,495,198 and 4,495,198 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively) 449 449 Additional Paid in Capital 536,443 536,443 Accumulated Deficit ( 1,090,540 ) ( 1,015,720 ) TOTAL STOCKHOLDER'S EQUITY (DEFICIT) ( 553,455 ) ( 478,635 ) TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY/(DEFICIT) $ 8 $ 101 The accompanying notes are an integral part of these financial statements. 2 AppSoft Technologies, Inc. For the Three Months Ended September 30, For the Nine Months Ended September 30, 2025 (Unaudited) 2024 (Unaudited) 2025 (Unaudited) 2024 (Unaudited) Sales $ - $ 585 $ - $ 585 Total Revenue $ - $ 585 $ - $ 585 EXPENSES: Selling, General and Administrative 4,468 3,038 11,442 7,657 Interest Expense 2,524 2,114 7,225 6,165 Outside Services 6,903 340 24,813 600 Professional Fees 4,935 5,550 31,340 25,350 Total Expense 18,830 11,042 74,820 39,772 Loss from operations $ ( 18,830 ) $ ( 10,457 ) $ ( 74,820 ) $ ( 39,187 ) Other In

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements

Forward Looking Statements The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes appearing elsewhere in this Quarterly Report on Form 10-Q, or Report. The information in this discussion and elsewhere in this Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, the words "may," "will," "believe," "anticipate," "plan," "expect," "intend," "could," "estimate," "continue" and similar expressions or variations identify forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Report, we caution you that the

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