{"url_path":"/sec/asft/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1651992/0001477932-26-002564-index.html","accession_number":"0001477932-26-002564","cik":"0001651992","ticker":"ASFT","issuer_name":"Appsoft Technologies, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1651992/0001477932-26-002564-index.html","primary_entity_key":"0001651992","primary_entity_name":"Appsoft Technologies, 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-03-310001651992us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001651992us-gaap:PreferredStockMember2024-01-012024-03-310001651992us-gaap:CommonStockMember2024-01-012024-03-310001651992us-gaap:RetainedEarningsMember2023-12-310001651992us-gaap:AdditionalPaidInCapitalMember2023-12-310001651992us-gaap:PreferredStockMember2023-12-310001651992us-gaap:CommonStockMember2023-12-3100016519922023-12-3100016519922024-01-012024-12-3100016519922024-12-3100016519922025-12-3100016519922026-04-1400016519922025-06-30iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pure\n\n \n\n \n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-K**\n\n \n\n(Mark One)\n\n☒\n\nANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the fiscal year ended: **December 31, 2025**\n\n \n\n☐\n\nTRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from ________ to ________\n\n \n\nCommission file number: **000-52901**\n\n \n\n**APPSOFT TECHNOLOGIES, INC.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Nevada**\n\n \n\n**47-3427919**\n\n(State or other jurisdiction\n\nof incorporation or organization)\n\n \n\n(I.R.S. Employer\n\nIdentification No.)\n\n \n\n**1225 Franklin Avenue, Suite 325, Garden City, NY**\n\n \n\n**11530**\n\n(Address of registrant’s principal executive offices)\n\n \n\n(Zip Code)\n\n \n\nRegistrant’s telephone number, including area code: **(516) 224-7717**\n\n \n\nSecurities registered under Section 12(b) of the Exchange Act:\n\n \n\n**Title of Each Class**\n\n**Trading Symbol(s)**\n\n**Name of Each Exchange on Which Registered**\n\n \n\nSecurities registered under Section 12(g) of the Exchange Act:\n\n \n\ncommon stock, par value $0.001 per share\n\n(Title of Class)\n\n \n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes     ☒ No\n\n \n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. ☐ Yes     ☒ No\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes     ☐ No\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☒ Yes     ☐ No\n\n \n\nIndicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated Filer\n\n☒\n\nSmaller reporting company\n\n☒\n\n \n\n \n\nEmerging growth company\n\n☐\n\n \n\nIf an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 17(a)(2)(B) of the Securities Act. ☐ \n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes     ☒ No\n\n \n\nThe aggregate market value of voting and non-voting common equity held by non-affiliates as of June 30, 2025 was approximately $627,542.\n\n \n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐\n\n \n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nAt April 14, 2026, there were 4,495,198 shares of common stock outstanding.\n\n \n\nDOCUMENTS INCORPORATED BY REFERENCE\n\n \n\nNone\n\n \n\n \n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n[CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS](#CNAFLS)\n\n \n\n3\n\n \n\n \n\n \n\n \n\n \n\n \n\n[PART I](#P1)\n\n \n\n \n\n4\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 1.](#IT1)\n\n[BUSINESS](#IT1)\n\n \n\n4\n\n \n\n[ITEM 1A.](#IT1A)\n\n[RISK FACTORS](#IT1A)\n\n \n\n7\n\n \n\n[ITEM 1B.](#IT1B)\n\n[UNRESOLVED STAFF COMMENTS](#IT1B)\n\n \n\n7\n\n \n\n[ITEM 1C](#IT1C)\n\n[CYBERSECURITY](#IT1C)\n\n \n\n8\n\n \n\n[ITEM 2.](#IT2)\n\n[PROPERTIES](#IT2)\n\n \n\n8\n\n \n\n[ITEM 3.](#IT3)\n\n[LEGAL PROCEEDINGS](#IT3)\n\n \n\n8\n\n \n\n[ITEM 4.](#IT4)\n\n[MINE SAFETY DISCLOSURES](#IT4)\n\n \n\n8\n\n \n\n \n\n \n\n \n\n \n\n \n\n[PART II](#P2)\n\n \n\n \n\n9\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 5.](#IT5)\n\n[MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES](#IT5)\n\n \n\n9\n\n \n\n[ITEM 6.](#IT6)\n\n[RESERVED](#IT6)\n\n \n\n9\n\n \n\n[ITEM 7.](#IT7)\n\n[MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#IT7)\n\n \n\n10\n\n \n\n[ITEM 7A.](#i7a)\n\n[QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](#i7a)\n\n \n\n13\n\n \n\n[ITEM 8.](#IT8)\n\n[FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#IT8)\n\n \n\nF-1\n\n \n\n[ITEM 9.](#IT9)\n\n[CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE](#IT9)\n\n \n\n14\n\n \n\n[ITEM 9A.](#IT9A)\n\n[CONTROLS AND PROCEDURES](#IT9A)\n\n \n\n14\n\n \n\n[ITEM 9B.](#IT9B)\n\n[OTHER INFORMATION](#IT9B)\n\n \n\n15\n\n \n\n[ITEM 9C](#IT9C)\n\n[ DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS](#IT9C)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n[PART III](#P3)\n\n \n\n \n\n16\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 10.](#IT10)\n\n[DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#IT10)\n\n \n\n16\n\n \n\n[ITEM 11.](#IT11)\n\n[EXECUTIVE COMPENSATION](#IT11)\n\n \n\n18\n\n \n\n[ITEM 12.](#IT12)\n\n[SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.](#IT12)\n\n \n\n19\n\n \n\n[ITEM 13.](#IT13)\n\n[CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE](#IT13)\n\n \n\n20\n\n \n\n[ITEM 14.](#IT14)\n\n[PRINCIPAL ACCOUNTING FEES AND SERVICES](#IT14)\n\n \n\n21\n\n \n\n \n\n \n\n \n\n \n\n \n\n[PART IV](#P4)\n\n \n\n \n\n22\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 15.](#IT15)\n\n[EXHIBITS AND FINANCIAL STATEMENT SCHEDULES](#IT15)\n\n \n\n22\n\n \n\n[SIGNATURES](#SIG)\n\n \n\n25\n\n \n\n \n\n \n\n2\n\n*Table of Contents*\n\n \n\n**CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS**\n\n \n\nThroughout this Annual Report, we make “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “target,” “should,” “could,” “potential,” “opportunity,” “goal,” or similar terminology. The forward-looking statements contained in this Annual Report are generally located in the material set forth under the headings “Business,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” but may be found in other locations as well. These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things:\n\n \n\n·\n\nour ability to access additional financing;\n\n·\n\nour ability to identify, develop or acquire,  launch and enhance games that attract and retain a significant number of paying players;\n\n·\n\nexpectations of growth in total consumer spending on gaming and esports;\n\n·\n\nour reliance on third-party platforms and our ability to track data on those platforms;\n\n·\n\nour ability to adapt to, and offer games that keep pace with, changing technology and evolving industry standards;\n\n·\n\ncompetition;\n\n·\n\nour dependence on independent game developers and esports content creators;\n\n·\n\nprotection of our proprietary information and intellectual property;\n\n·\n\nsecurity and integrity of our games and systems;\n\n·\n\nsecurity breaches, cyber-attacks or other privacy or data security incidents, challenges or disruptions;\n\n·\n\nreliance on or failures in information technology and other systems;\n\n·\n\nloss of revenue due to unauthorized methods of playing our games;\n\n·\n\nlaws and government regulations, both foreign and domestic, including those relating to data privacy and security, including with respect to the collection, storage, use, transmission, sharing and protection of personal information and other consumer data, and those laws and regulations that affect companies conducting business on the internet, including ours;\n\n·\n\ninfluence of certain stockholders, including decisions that may conflict with the interests of other stockholders;\n\n·\n\nfailure to establish and maintain adequate internal control over financial reporting;\n\n·\n\nstock price volatility;\n\n·\n\nlitigation and other liabilities relating to our business, including litigation and liabilities relating to consumer protection, employee matters, alleged service and system malfunctions, alleged intellectual property infringement and claims relating to our contracts and licenses;\n\n·\n\nour ability to pursue and execute new business initiatives;\n\n·\n\nour expectations of future growth that will place significant demands on our management and operations;\n\n·\n\nnatural events and health crises that disrupt our operations or those of our providers or suppliers; and\n\n·\n\nU.S. and international economic and industry conditions.\n\n \n\nAdditional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC. Forward-looking statements speak only as of the date they are made and, except for our ongoing obligations under the U.S. federal securities laws, we undertake no and expressly disclaim any obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.\n\n \n\nThis Annual Report may contain references to industry market data and certain industry forecasts. Industry market data and industry forecasts are obtained from publicly available information and industry publications. Industry publications generally state that the information contained therein has been obtained from sources believed to be reliable, but that the accuracy and completeness of that information is not guaranteed. Although we believe industry information to be accurate, it is not independently verified by us and we do not make any representation as to the accuracy of that information. In general, we believe there is less publicly available information concerning international social gaming industries than the same industries in the U.S. Some data is also based on our good faith estimates, which are derived from our review of internal surveys or data, as well as the independent sources referenced above. Assumptions and estimates of our and our industry's future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors which could cause future performance to differ materially from our assumptions and estimates.\n\n \n\n \n\n3\n\n*Table of Contents*\n\n \n\n**PART I**"}