Company: AAPI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001477932-25-008337
Chunk: 14

Company: Apple iSports Group, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 14
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S. On June 20, 2023, the Company received a subscription agreement for the purchase of 80,000 shares at a price of $1.25 for total proceeds of $100,000. As stated above, this subscription was subsequently amended.   Treasury Stock The Company’s treasury stock comprised one share of common stock acquired at a cost of $52,954.

NOTE 8. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company or its subsidiaries may be named a party to claims and/or legal proceedings. Neither the Company nor its subsidiaries have been named in and are not aware of any matters which management believes will result, either individually or in the aggregate, in a material adverse effect on its financial condition or results of operations. As of September 30, 2025, the Company leased short-term office spaces (12 months or less), and as an accounting policy election, the Company has excluded all short-term leases from the presentation on the balance sheet.

NOTE 9. STOCK PLAN Australian Plan On July 25, 2025, the Board of Directors adopted and approved the creation of a Stock Option Plan for Australian employees of the Company and its subsidiary. It also approved the stock option grant of a total of 12,000,000 shares under the 2025 Stock Plan, to certain Australian employees. The options have an exercise price of $0.25 per share.  The following tables summarize information about stock options transactions and related information: Shares Availability:   Plan Authorized Shares  60,000,000 Common Stock  12,000,000 Shares available for issuance  48,000,000   As of September 30, 2025, stock option grants totaling 12,000,000 shares of common stock had a weighted average grant date fair value of $0.25 per share. Compensation cost recorded for stock-based compensation awards (including awards to non-employee directors and consultants) reflected as a stock compensation expense was $1,807,148 for the Nine Months Ended September 30, 2025. As of September 30, 2025 we had $218,138 of total unrecognized stock-based compensation expense related to the plan, which is expected to be recognized over a weighted-average period of 1 year as stock-based compensation expense.

 F-12Table of Contents

 The following tables summarize information about vested common stock transactions and related information for shares subject to time