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AppSoft Technologies, Inc. is notifying the SEC that it cannot file its Annual Report on Form 10-K for the year ended December 31, 2025 by the prescribed due date of April 1, 2026 and is using Form 12b-25 to postpone the filing.
The company states it was unable to finalize financial results without unreasonable effort or expense and "could not solicit and obtain the necessary review" in time. AppSoft expects to file the Form 10-K "on or before the fifteenth calendar day following the prescribed due date."
AppSoft Technologies, Inc. (ASFT) reported another quarter with no revenue and widening losses, raising substantial doubt about its ability to continue as a going concern. For the three months ended September 30, 2025, the company generated no revenue and recorded a net loss of $18,830, compared with a loss of $10,457 a year earlier. For the nine months, the net loss increased to $74,820 from $39,772.
At September 30, 2025, AppSoft had only $8 in cash, total assets of $8, and total liabilities of $553,463, resulting in a stockholders’ deficit of $553,455 and a working capital deficit of $43,112. Related-party notes payable totaled $510,343, all bearing interest at 2% per year, including $307,923 drawn under a Bryan Glass Securities drawdown note, with $92,077 remaining available.
The company has 4,495,198 common shares and 1,936,000 preferred shares outstanding and an accumulated deficit of $1,090,540 as of September 30, 2025. Management discloses that operations are minimal, relies heavily on related-party financing, and is actively seeking additional capital, while auditors and management highlight substantial doubt about its ability to continue as a going concern.
AppSoft Technologies, Inc. (ASFT) has filed a Form 12b-25 to notify regulators and investors that its quarterly report on Form 10-Q for the period ended September 30, 2025 will be filed late. The report, originally due on November 14, 2025, could not be completed because the company was unable to finalize its financial results without unreasonable effort or expense and therefore could not obtain the necessary internal review in time. The company states that it expects to file the Form 10-Q on or before the fifth calendar day following the prescribed due date.