Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 149

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 149
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 ·$100,000 for salaries. ·$1,500,000 - Total

We expect to generate gaming revenues from the rollout of our racing Sportsbook in Australia. We also expect to generate advertising revenue from the rollout of our Live Content Sports Streaming in Australia and all states of the U.S. At this time, we cannot predict the level of income from the projected revenue sources.

Thereafter, as more cash becomes available, we plan to prioritize our operations in the following order: 

·Sports and racing betting in Australia,·24/7 Sports rollout in Australia and the US,·Racing rollout in North Dakota and related states,·Marketing relating to racing,·Sports betting rollout in initial U.S. states, and·Expansion of ADW (racing) and sports betting to additional states.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

As a “smaller reporting company” as defined by Rule 12b-2 of the Exchange Act, the Company is not required to provide this information.

 30Table of Contents

Item 8. Financial Statements and Supplementary Data.

Audited financial statements begin on the following page of this report

Apple iSports Group, Inc.

Index to Financial Statements

  Page     REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (FIRM ID 5525) F-2     REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (FIRM ID 00536) F-3     CONSOLIDATED BALANCE SHEETS F-4     CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS F-5     CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT F-6     CONSOLIDATED STATEMENTS OF CASH FLOWS F-7     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS F-8 

 F-1Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of Apple iSports Group, Inc. 

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheet of Apple iSports Group, Inc. (“the Company”) as of December 31, 2024, and the related consolidated statements of comprehensive loss, changes in stockholders’ deficit, and cash flows for the year then ended, and the related notes (collectively referred