Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 478

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 7
Chunk 478
---
580,451 Selling, general and administrative  724,017   810,066 Research and development  -   664,011 Total operating expenses  3,419,426   3,603,110          Loss from operations  (3,419,426 )  (3,603,110 )         Other expenses (income):        Forgiveness of debt  (659,663 )  - Interest expense  92,194   60,746 Foreign exchange loss  (30,621 )  14,467 Total other expenses (income)  (598,090 )  75,213          Operating loss before income taxes  (2,821,336 )  (3,678,323 )         Provision for income taxes  -   - Net loss $(2,821,336 ) $(3,678,323 )         Foreign currency translation adjustment  414,337   (87,088 )Comprehensive loss $(2,406,999 ) $(3,765,411 )         Net loss per share - basic and diluted ($0.00)  ($0.02)          Weighted number of shares outstanding        Basic and Diluted  206,701,891   202,746,293 

The accompanying notes are an integral part of these consolidated financial statements

 F-5Table of Contents

APPLE ISPORTS GROUP, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

              Accumulated                Additional      Other         Common  Paid-In   Treasury   Comprehensive   Accumulated   Stockholders’   Shares  Par Value  Capital  Stock  Income  Deficit  (Deficit) Balance as of December 31, 2023  202,784,211  $20,278  $5,223,245  $(52,954 ) $(60,130 ) $(10,437,613 ) $(5,307,174 )                             Issuance of subsidiary common stock   5,379,600   538   1,344,362               1,344,900 Stock issuance