Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 637

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 637
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(3,678,323 )                             Balance as of December 31, 2023  202,784,211  $20,278  $5,223,245  $(52,954 ) $(60,130 ) $(10,437,613 ) $(5,307,174 )

The accompanying notes are an integral part of these consolidated financial statements

 F-6Table of Contents

APPLE ISPORTS GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

  Year Ended    December 31,    2024  2023 Cash flows from operating activities      Net loss $(2,821,336 ) $(3,678,323 )Adjustments to reconcile net loss to net cash used in operating activities:                 Foreign exchange loss  (30,621 )  14,467 Forgiveness of debt  (659,663 )   -          Change in operating assets and liabilities:        Good and services tax receivable  8,853   (46,384 )Accrued interest income  (2,998 )   - Accounts payable and accrued expenses  393,447   2,108,523 Accounts payable and accrued expenses – related parties   458,525    - Accrued interest - related party  87,629   60,111 Accrued payroll  304,187   75,085 Prepaid and other assets  (4,844 )  - Deposits  (89,580 )   - Net cash used in operating activities  (2,356,400 )  (1,466,521 )         Cash flows from investing activities        Convertible notes receivable  (80,000 )  - Net cash used in investing activities  (80,000 )  -          Cash flows from financing activities        Advances to related party  -   300 Proceeds from loan payable from related party  1,163,789   1,368,621 Proceeds from issuance of common stock  1,344,900   100,000 Net cash provided by financing activities  2,508,689   1,468,921          Effect of changes in exchange rates on cash and