Company: AAPI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005799
Chunk: 26

Company: Apple iSports Group, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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1,000,000 AUD($659,133) during the six months ended June 30, 2024.

During the six months ended June 30, 2025, and 2024, we had a net loss of $3,738,329 and $1,183,714, respectively, for the reasons discussed above.

For the Three Months Ended June 30, 2025, Compared to the Three Months Ended June 30, 2024

Revenues

During the three months ended June 30, 2025, and 2024, the Company had no revenues. 

Operating Expenses

During the three months ended June 30, 2025, and 2024, the Company had total operating expenses of $631,752 and $1,069,101, respectively. During the three months ended June 30, 2025, operating expenses consisted of corporate expenses of $133,842, consulting, and professional fees of $468,677, and selling, general, and administrative expenses of $29,233. During the three months ended June 30, 2024, operating expenses consisted of corporate expenses of $141,617, consulting, and professional fees of $633,727, and selling, general, and administrative expenses of $293,757. The 40.91% decrease in operating expenses for the three months ended June 30, 2025, as compared to the same period in 2024, is primarily due to the decrease in marketing-related expenses until the Company moves closer to the Go Live date. 

Other Income (Expenses)

During the three months ended June 30, 2025, and 2024, we had $8,893 and $24,736, respectively, in interest expense attributable to related party debt, net of interest income. The significant decrease in interest expense is attributable to the conversion of the related party Cres loan on January 9, 2025, which resulted in a reduction of interest expense for the three months.

During the three months ended June 30, 2025, and 2024, the company had $94,048 and $746, respectively, in Foreign exchange gain (loss). This was attributable to international exposure to exchange rate fluctuations resulting in fluctuations that impact our results of operations

During the three months ended June 30, 2025, and 2024, the company had a total of $0 and $659,133 related to forgiveness of debt. This was related