AppSoft net loss narrows 44% to $16,937 in Q2 FY26; revenue posts no revenue
ASFT•Cash and borrowings position
Cash was USD 9 with a USD 51,185 working-capital deficit; borrowings under the BGS Drawdown Note totaled USD 356,058.
Six-month loss and cash flow improve
Six-month net loss narrowed 33% to USD 37,386; net cash used in operating activities improved to USD 31,933 from USD 51,587.
Quarterly loss narrows as expenses fall
AppSoft posted a Q2 net loss of USD 16,937, narrowing 44% from a year earlier; revenue was no revenue.
Total expenses fell to USD 16,937, down from USD 30,396, on lower outside services, SG&A, and professional fees.
Interest expense rises on related-party borrowings
Interest expense rose to USD 2,772 from USD 2,433 as related-party borrowings increased.
