Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 243

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 2
Chunk 243
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,000 in public or private funds to be allocated during the next 12 months. The estimated cost breakdown is as follows:

Amount ($)  Expenditure200,000  Sportsbook completion and deployment800,000  Apple iSports 24/7 branded app completion and deployment1,500,000  Marketing and Public Relations1,500,000  Acquisition of existing operators in Australia and the US500,000  Legal and regulatory1,000,000  Administration and compensation to officers5,500,000  Total

Legal and regulatory includes legal and audit fees in connection with the Company’s filings with the Securities and Exchange Commission as well as supporting applications for ADW and sports betting licenses in various U.S. states. 

Administration and compensation includes administrative overhead and salaries to officers. 

If we are unable to raise the entirety of the required funds $5,500,000, we will have to curtail our operations. If we receive $1,500,000 in funding, we will allocate such funds as follows;

 ·$550,000 for the completion and deployment of our Sportsbook product in Australia. ·$500,000 for the completion and rollout of our Live Content Sports Streaming app which will enable us to deliver the app in Australia and all states of the U.S., ·$100,000 for professional and advisory fees, ·$250,000 for marketing and public relations, and ·$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.