DeltaSoft Posts First Revenue, But Going Concern Doubts Linger

TL;DR

**DeltaSoft's first revenue is a tiny spark in a financial tinderbox; avoid this development-stage company until it proves it can actually make money and survive.**

AI Summary

DeltaSoft Corp., a development-stage company, reported revenue of $46,431 for the fiscal year ended March 31, 2025, a significant increase from $0 in the prior period (January 4, 2024, inception to March 31, 2024). Despite this revenue growth, the company incurred a net loss of $461 for the year ended March 31, 2025, compared to a net loss of $273 in the prior period. Total expenses surged to $34,592, primarily driven by $20,540 in general and administrative expenses and $14,052 in professional fees, up from $273 in the prior period. The company's business model centers on a project planning and performance management platform, deltasoft.work, which generates revenue through a markup on freelancer fees. Key business changes include the launch of a mobile application and an active marketing campaign. Risks include reliance on third-party hosting for cybersecurity and the substantial doubt about its ability to continue as a going concern due to operating losses and the need for continued financial support from stockholders and lenders. Strategic outlook involves expanding its platform and marketing efforts to attract more users and freelancers.

Why It Matters

DeltaSoft's 10-K reveals a nascent company with its first revenue stream, but also significant financial fragility. For investors, the 'going concern' warning is paramount, indicating a high risk of failure without further capital injections. Employees, currently limited to one officer, face job insecurity given the company's unproven profitability. Customers and freelancers using the platform might experience service disruptions if the company cannot secure stable funding, potentially impacting their project continuity. In a competitive landscape dominated by giants like Upwork and Fiverr, DeltaSoft's ability to scale and differentiate its AI-powered platform is critical for long-term viability.

Risk Assessment

Risk Level: high — The company explicitly states a 'going concern' uncertainty in Note 2 to the financial statements, citing a net loss of $461 and an accumulated deficit of $700 for the year ended March 31, 2025. This, coupled with the reliance on 'continuing financial support from its stockholders and lenders' and the lack of a 'stabilized source of revenue sufficient to cover operating costs,' indicates a high probability of financial distress.

Analyst Insight

Investors should exercise extreme caution and avoid DeltaSoft Corp. given the explicit 'going concern' warning and its early development stage. Wait for clear evidence of sustained profitability, a robust revenue model, and a diversified funding base before considering any investment.

Financial Highlights

debt To Equity

N/A

revenue

$46,431

operating Margin

N/A

total Assets

$82,972

total Debt

$43,818

net Income

-$461

eps

N/A

gross Margin

N/A

cash Position

$38,771

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $46,431 — Revenue (Generated for the year ended March 31, 2025, up from $0 in the prior period.)
• $461 — Net Loss (Incurred for the year ended March 31, 2025, an increase from $273 in the prior period.)
• $34,592 — Total Expenses (For the year ended March 31, 2025, significantly up from $273 in the prior period.)
• $20,540 — General and Administrative Expenses (A major component of total expenses for the year ended March 31, 2025.)
• $14,052 — Professional Fees (Another significant expense for the year ended March 31, 2025.)
• $82,972 — Total Assets (As of March 31, 2025, an increase from $3,531 in 2024.)
• $38,771 — Cash (As of March 31, 2025, up from $3,531 in 2024.)
• $43,818 — Total Liabilities (As of March 31, 2025, a substantial increase from $304 in 2024.)
• 5,317,706 — Common Stock Shares Outstanding (As of September 11, 2025.)
• $700 — Accumulated Deficit (As of March 31, 2025, indicating ongoing losses.)

Key Players & Entities

• DeltaSoft Corp. (company) — registrant
• Andrey Novokhatski (person) — sole officer and director
• Upwork (company) — competitor
• Fiverr (company) — competitor
• Freelancer.com (company) — competitor
• Toptal (company) — competitor
• Guru (company) — competitor
• PeoplePerHour (company) — competitor
• SEC (regulator) — filing oversight
• PCAOB (regulator) — audit oversight

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company incurred a net loss of $461 and has an accumulated deficit of $700 as of March 31, 2025. Its continuation as a going concern is dependent on continued financial support from stockholders and lenders, raising substantial doubt about its ability to meet obligations.
• Reliance on Third-Party Hosting [medium — operational]: The company relies on third-party hosting for its platform, which poses cybersecurity risks. A breach or failure of this hosting could disrupt services and impact customer trust.
• Competition [medium — market]: The company operates in a competitive landscape with other platforms facilitating freelance work across various sectors. Differentiation and market penetration are key challenges.

Industry Context

DeltaSoft Corp. operates in the software and online industries, specifically focusing on project planning and performance management platforms. This sector is characterized by rapid technological advancements, a growing gig economy, and increasing demand for efficient workflow management tools. Competitors include other platforms that facilitate freelance work and project management solutions.

Regulatory Implications

As a development-stage company, DeltaSoft Corp. is subject to standard SEC reporting requirements. While the filing notes no specific regulatory changes impacting financial reporting, ongoing compliance with data privacy and cybersecurity regulations is crucial, especially given its reliance on third-party hosting.

What Investors Should Do

1. Monitor cash burn and future funding rounds.
2. Evaluate user and freelancer acquisition strategies.
3. Assess the scalability and security of the platform.

Key Dates

• 2024-01-04: Company Inception — Marks the beginning of DeltaSoft Corp.'s operational history.
• 2025-03-31: Fiscal Year End — Reporting period for the financial statements, showing initial revenue generation and operating losses.
• 2025-09-11: Common Stock Shares Outstanding Recorded — Provides a snapshot of the company's equity structure as of this date.

Glossary

Development-stage company

A company that has a plan or program to commence a business that has shown little or no business activity to date, or has planned principal operations that have yet to commence. (Indicates DeltaSoft Corp. is in the early stages of its business lifecycle, with limited operating history and potential for significant future changes.)

Accumulated Deficit

The cumulative net losses of a company since its inception, less any net income. It represents a deficit in retained earnings. (At $700 as of March 31, 2025, it highlights the company's history of operating losses and contributes to the going concern uncertainty.)

Going Concern

An accounting assumption that a business will continue to operate for the foreseeable future. If substantial doubt exists, it must be disclosed. (The report explicitly states substantial doubt about DeltaSoft Corp.'s ability to continue as a going concern due to operating losses and reliance on external funding.)

Markup on freelancer fees

The practice of charging clients a higher price than the cost paid to freelancers for their services. (This is DeltaSoft Corp.'s primary revenue generation strategy, where the difference between client charges and freelancer payments forms the profit margin.)

Year-Over-Year Comparison

DeltaSoft Corp. has transitioned from its inception period (January 4, 2024 - March 31, 2024) to its first full fiscal year reporting (ended March 31, 2025). Revenue has seen a significant increase from $0 to $46,431, driven by sales volume. However, total expenses have also surged from $273 to $34,592, primarily due to general and administrative costs and professional fees. This has resulted in an increased net loss of $461 compared to $273 in the prior period. Total assets have grown substantially from $3,531 to $82,972, while total liabilities have also increased significantly from $304 to $43,818, indicating substantial investment and debt accumulation.

Key Financial Figures

• $0.001 — s of September 11, 2025 Common Stock: $0.001 5,317,706 TABLE OF CONTENTS Page
• $3,500 — t and Incorporator for consideration of $3,500 at par value $0.001 per share. In Octo
• $2,304 — es of common stock for cash proceeds of $2,304 at $0.02 per share. In November 2024 t
• $0.02 — on stock for cash proceeds of $2,304 at $0.02 per share. In November 2024 the Compan
• $9,837 — es of common stock for cash proceeds of $9,837 at $0.02 per share. In December 2024 t
• $5,238 — es of common stock for cash proceeds of $5,238 at $0.02 per share. In January 2025 th
• $12,929 — es of common stock for cash proceeds of $12,929 at $0.02 per share. In February 2025 t
• $6,046 — es of common stock for cash proceeds of $6,046 at $0.02 per share. There were 5,317,7
• $46,431 — h March 31, 2024, the Company generated $46,431 and $0 of revenue, respectively. The co
• $0 — 2024, the Company generated $46,431 and $0 of revenue, respectively. The cost of g
• $12,300 — (inception) through March 31, 2024, was $12,300 and $0, respectively. The increase in t
• $34,592 — for the year ended March 31, 2025 were $34,592 consisting of general and administrativ
• $20,540 — of general and administrative expenses ($20,540) and professional fees ($14,052). Total
• $14,052 — penses ($20,540) and professional fees ($14,052). Total expenses for the period from Ja
• $273 — inception) through March 31, 2024, were $273 consisting of general and administrativ

Filing Documents

• deltasoft_i10k-033125.htm (10-K) — 359KB
• deltasoft_ex1900.htm (EX-19) — 39KB
• deltasoft_ex2301.htm (EX-23.1) — 3KB
• deltasoft_ex3101.htm (EX-31.1) — 10KB
• deltasoft_ex3102.htm (EX-31.2) — 10KB
• deltasoft_ex3201.htm (EX-32.1) — 4KB
• 0001683168-25-006862.txt ( ) — 2186KB
• none-20250331.xsd (EX-101.SCH) — 14KB
• none-20250331_cal.xml (EX-101.CAL) — 24KB
• none-20250331_def.xml (EX-101.DEF) — 33KB
• none-20250331_lab.xml (EX-101.LAB) — 190KB
• none-20250331_pre.xml (EX-101.PRE) — 151KB
• deltasoft_i10k-033125_htm.xml (XML) — 154KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 5 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 6 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 6 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 18 Item 9A.

Controls and Procedures

Controls and Procedures. 18 Item 9B. Other Information. 19 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 19 PART III Item 10. Directors, Executive Officers and Corporate Governance. 20 Item 11.

Executive Compensation

Executive Compensation. 22 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 22 Item 13. Certain Relationships and Related Transactions, and Director Independence. 23 Item 14. Principal Accountant Fees and Services. 23 PART IV Item 15. Exhibits and Financial Statement Schedules. 24 Item 16. Form 10–K Summary. 24

SIGNATURES

SIGNATURES 25 i PART I

Business

Item 1. Business. DESCRIPTION OF BUSINESS We are a development-stage company currently operating in the software and online industries. We have created a comprehensive, all-in-one platform for seamless project planning and performance management, available at https://deltasoft.work. Our promotional website is https://deltasoft360.com. We have also developed and launched a mobile application, currently available for Android users. Additionally, we have a dedicated website promoting this mobile application. Here are the current benefits users can experience: Planning: Quickly create detailed project descriptions using smart forms or AI. Tasks: Break projects into subprojects and tasks with ease, using forms or AI assistance. Performers: Find and assign freelancers by creating ads manually or with AI-generated role suggestions. Management: Use tools like WBS, roadmaps, weekly planning, and product hubs for effective tracking and control. In summary, the DeltaSoft program facilitates the quick and convenient creation and execution of projects, products, or any other complex tasks, guiding the user through all stages of execution. The integrated AI functionality significantly saves time, speeding up and simplifying each stage, ultimately leading to maximum efficiency and speed of project execution. We are currently running a marketing campaign to promote our website platform. Additionally, we are marketing our mobile application. We've also created supplementary websites to explain our services and attract potential customers. Our platform is fully operational, and we are continuously working to improve and maintain it. Application Structure – User View The app has 5 main sections to simplify project management: Overview: A quick snapshot of all projects' status at a glance. Projects: View and manage each project, including teams, progress, and tasks. Tasks: See all tasks across projects, organized by timeframe (today, tomorrow, week). People: Tr

Risk Factors

Item 1A. Risk Factors. Not applicable to smaller reporting companies.

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. Not applicable to smaller reporting companies.

Cybersecurity

Item 1C. Cybersecurity . The Company has implemented processes designed to identify, assess, and manage material risks from cybersecurity threats. These include system monitoring, vulnerability assessments, employee training, and incident response planning . The Company currently relies on third-party hosting and software providers for its core platform operations, email communications, and data storage , and these vendors maintain their own cybersecurity programs, including network protection, access controls, and incident response procedures. Our Board of Directors oversees cybersecurity risk as part of its overall risk management responsibilities, and management provides periodic updates on cybersecurity matters. The Company has adopted an incident response plan to ensure timely detection, containment, and remediation of potential threats. During the fiscal year ended March 31, 2025, the Company did not experience any material cybersecurity incidents.

Properties

Item 2. Properties. We do not own any real estate or other properties.

Legal Proceedings

Item 3. Legal Proceedings. We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. Not applicable. 3 PART II

Market for Registrant's Common

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. MARKET INFORMATION Our common stock is not currently traded on any exchange. We cannot assure that any market for the shares will develop or be sustained. HOLDERS As of September 11, 2025, the Company had 5,317,706 shares of our common stock issued and outstanding held by our shareholders. DIVIDENDS No cash dividends were paid on our shares of common stock during the year ended March 31, 2025 and the period from January 4, 2024 (inception) through March 31, 2024. SECURITIES AUTHORIZED UNDER EQUITY COMPENSATION PLANS We have no equity compensation or stock option plans. RECENT SALES OF UNREGISTERED SECURITIES The Company has 75,000,000, $0.001 par value shares of common stock authorized. On March 30, 2024, the Company issued 3,500,000 shares of common stock to its President and Incorporator for consideration of $3,500 at par value $0.001 per share. In October 2024 the Company issued 115,212 shares of common stock for cash proceeds of $2,304 at $0.02 per share. In November 2024 the Company issued 491,834 shares of common stock for cash proceeds of $9,837 at $0.02 per share. In December 2024 the Company issued 261,898 shares of common stock for cash proceeds of $5,238 at $0.02 per share. In January 2025 the Company issued 646,457 shares of common stock for cash proceeds of $12,929 at $0.02 per share. In February 2025 the Company issued 302,305 shares of common stock for cash proceeds of $6,046 at $0.02 per share. There were 5,317,706 and 3,500,000 shares of common stock issued and outstanding as of March 31, 2025 and 2024, respectively. OTHER STOCKHOLDER MATTERS None.

[Reserved]

Item 6. [Reserved] 4

Management's Discussion and Analysis

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. RESULTS OF OPERATIONS For the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024: During the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024, the Company generated $46,431 and $0 of revenue, respectively. The cost of goods sold for the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024, was $12,300 and $0, respectively. The increase in total revenue was due to an overall increase in sales volume. Total expenses for the year ended March 31, 2025 were $34,592 consisting of general and administrative expenses ($20,540) and professional fees ($14,052). Total expenses for the period from January 4, 2024 (inception) through March 31, 2024, were $273 consisting of general and administrative expenses ($74) and professional fees ($199). Expenses increased due to the Company's operational activities. For the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024, the company recorded a net loss of $461 and $273, respectively. The other comprehensive income for the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024, were $34 and $0, respectively. LIQUIDITY AND CAPITAL RESOURCES As of March 31, 2025 and 2024, the Company's total assets were $82,972 and $3,531, respectively. Total assets were comprised of $38,771 in cash ($3,531 as of March 31, 2024) and $44,201 in intangible assets ($0 as of March 31, 2024). As of March 31, 2025, our total liabilities were $43,818 ($304 as of March 31, 2024) consisting of $32,687 in accounts payable ($0 as of March 31, 2024) and $11,131 in director loan ($304 as of March 31, 2024). Cash Flows from Operating Activities For the year ended March 31, 2025 and for the period from January 4, 2024 (

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk. Not applicable to smaller reporting companies.

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data. The Company's financial statements for the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024, immediately follow.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS TABLE OF CONTENTS Page No. Report of Independent Registered Public Accounting Firm (ID: 6993) 7 Report of Independent Registered Public Accounting Firm 8 Balance Sheets as of March 31, 2025 and 2024 9 10 of Stockholders' Equity (Deficit) or the year ended March 31, 2025 and for the period from January 4, 2024 (inception) through March 31, 2024 11 12 Notes to the Audited Financial Statements 13 6 Report of the Independent Registered Public Accounting Firm To the shareholders and the board of directors of Deltasoft Corp. Opinion on the Financial Statements We have audited the accompanying balance sheets of Deltasoft Corp. as of March 31, 2025, and the related statements of operations, stockholders' equity, and cash flows for the year ended March 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2025, and the results of its operations and its cash flows for the year ended March 31, 2025, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern as disclosed in Note 2 to the financial statement, the Company incurred a net loss of $461 and an accumulated deficit of $700 for the year ended March 31, 2025. The continuation of the Company as a going concern is dependent upon continuing financial support from its stockholders and lenders. Management believes the existing shareholders or external fund pro

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View this 10-K filing on SEC EDGAR