Company: AAPI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001477932-25-008337
Chunk: 15

Company: Apple iSports Group, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 15
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-based vesting:   2025   Options  Weighted Average Exercise Price Outstanding, December 31, 2024  -  $- Granted  12,000,000   0.25 Outstanding, September 30, 2025  12,000,000  $0.25  US Plan On November 1, 2024, the Board of Directors of the Company approved the creation of the 2024 Stock Incentive Plan (“2024 Stock Plan”). The maximum number of common stock authorized and available for issuance under the 2024 Stock Plan initially was 15,000,000 shares of common stock. It also approved the stock option grant of a total of 10,275,000, under the 2024 Stock Plan, to the employees, officers, directors, and consultants of the company, subject to the definitive agreements between the parties. The options have an exercise price of $0.25 per share, which was based on the subscription price of the Company’s then current private placement offering. In general, options become exercisable during the period when the grantee is providing services to the Company as an employee or consultant. Our policy is to issue new shares upon the exercise of options.  On March 12, 2025, the Board approved an amendment of the Company’s 2024 Stock Incentive Plan to increase the shares issued under the plan from 15,000,000 to 20,000,000 shares of common stock. The following tables summarize information about stock options transactions and related information: Shares Availability:   Plan Authorized Shares  20,000,000 Common Stock  8,275,000 Forfeited  (2,000,000 )Shares available for issuance  13,725,000  As of September 30, 2025, stock option grants totaling 13,725,000 shares of common stock had a weighted average grant date fair value of $0.25 per share. Compensation cost recorded for stock-based compensation awards (including awards to non-employee directors and consultants) reflected as a stock compensation expense was $2,566,695 for the Nine Months Ended September 30, 2025. As the awards were fully vested upon issuance, there is no unrecognized stock-based compensation expense as of September 30, 2025. The following tables summarize information about vested common stock transactions and related