Company: AAPI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005799
Chunk: 20

Company: Apple iSports Group, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 fully vested upon issuance, there is no unrecognized stock-based compensation expense as of June 30, 2025. The following tables summarize information about vested common stock transactions and related information for shares subject to time-based vesting:   2025   Options  Weighted Average Exercise Price Outstanding, December 31, 2024  -  $- Granted  10,275,000   0.25 Outstanding, June 30, 2025  10,275,000  $ 0.25 

 F-12Table of Contents

NOTE 10. SEGMENT REPORTING Operating segments are defined as components of an enterprise with separate financial information, which are evaluated regularly by the chief operating decision maker (“CODM”) and are used in resource allocation and performance assessments. The Company’s Chief Executive Officer is the Company’s CODM. The Company is organized and operates as one operating and reportable segment that is developing a digital sports betting and gaming platform. The Company’s CODM reviews financial information and operational forecasts presented on a consolidated basis for the purpose of making operating decisions and assessing financial performance. The Company’s CODM assesses performance for the Company’s single reportable segment based on the Company’s net income (loss) as reported on the consolidated statement of comprehensive income (loss).

NOTE 11. SUBSEQUENT EVENTS We evaluated subsequent events after June 30, 2025 through the date of the issuance of these financial statements. Based on this evaluation, we identified the following subsequent events, from June 30, 2025 through the date the financial statements were issued. On or about July 13, 2025, the proposed transaction of AmeriCrew, a broadband infrastructure and private 5G LTE network infrastructure company, that was entered into on November 2024, is no longer viable and will not be purchased.  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 employees, officers, directors, and consultants of the Company. The options have an exercise price of $0.25 per share. On July 25, 2025, the Company entered into an agreement with LBC Enterprise Pty Ltd (“LBC”), which includes the acquisition of