Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 203

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1B
Chunk 203
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 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 cash equivalents  (30,795 )  (21,584 )         Net increase (decrease) in cash and cash equivalents  41,494   (19,184 )         Cash and cash equivalents, beginning of year  673   19,857          Cash and cash equivalents, end of year  $42,167  $673          Supplemental disclosure of cash flow information:        Cash paid for interest  -   - Cash paid for income tax  -   - Noncash increase in Forgiveness of debt