{"url_path":"/sec/asft/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE**","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, Inc."},"word_count":290,"has_tables":true,"body_markdown":"**ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE**\n\n** **\n\n**Related Party Transactions**\n\n \n\nThe Company has engaged in transactions with related persons.\n\n \n\nDuring prior periods, the Company received advances from Bryan Glass Securities, Inc. (“BGS”), an affiliate of the holder of all our outstanding preferred stock, for working capital and operating expenses. Prior to 2020, the Company borrowed an aggregate of $202,420 from BGS which is evidenced by a series of promissory notes. In 2020, the Company entered into a drawdown promissory note with BGS that consolidated advances made by BGS to the Company during 2020 and provided for additional borrowings by the Company (the “Draw Down Note”). The Draw Down Note has been amended from time to time to increase the amount available to borrow and to extend the maturity date. As of December 31, 2025, the outstanding balance under the Draw Down Note, including principal and accrued interest, was $324,123, and $75,877 remained available for advances . The Draw Down Note matures on December 31, 2027 and bears interest at the rate of 2% per year. \n\n \n\nThe Company’s Board reviews related-party transactions as they arise and determines whether the terms are fair to the Company and in its best interests.\n\n \n\n**Director Independence**\n\n \n\nThe Board of Directors currently consists of one member, Brian Kupchik. Because Mr. Kupchik serves as the Company’s President and Chief Executive Officer, he is not independent.\n\n \n\nThe Company’s common stock is quoted on the OTC Pink Open Market and the Company is not subject to the corporate governance listing standards of a national securities exchange requiring a majority-independent board. The Board has not established separate audit, compensation or nominating committees, and the functions of those committees are performed by the Board.\n\n \n\n \n\n20\n\n*Table of Contents*"}