Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 250

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 2
Chunk 250
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Net loss                      (3,678,323 )  (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