Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 148

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 148
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”) requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses in the financial statements and accompanying notes. Critical accounting estimates are those estimates made in accordance with GAAP that involve a significant level of estimation uncertainty and have had or are reasonably likely to have a material impact on the financial condition or results of operations of the Company. We also have other key accounting policies, which involve the use of estimates, judgments, and assumptions that are significant to understanding our results which are found in Note 1 – Summary of Significant Accounting Policies and Basis of Presentation of the accompanying consolidated financial statements. Although we believe that our estimates, assumptions, and judgments are reasonable, they are based upon information presently available. Actual results may differ significantly from these estimates under different assumptions, judgments, or conditions.

Please refer to Note 3 to the Financial Statements included elsewhere in this Report for further discussion on our accounting Policies.

 29Table of Contents

Implementation of our Business Plan.

In order to fully implement our business plan, we will require a total of $5,500,000 in public or private funds to be allocated during the next 12 months. The estimated cost breakdown is as follows:

Amount ($)  Expenditure200,000  Sportsbook completion and deployment800,000  Apple iSports 24/7 branded app completion and deployment1,500,000  Marketing and Public Relations1,500,000  Acquisition of existing operators in Australia and the US500,000  Legal and regulatory1,000,000  Administration and compensation to officers5,500,000  Total

Legal and regulatory includes legal and audit fees in connection with the Company’s filings with the Securities and Exchange Commission as well as supporting applications for ADW and sports betting licenses in various U.S. states. 

Administration and compensation includes administrative overhead and salaries to officers. 

If we are unable to raise the entirety of the required funds $5,500,000, we will have to curtail our operations. If we receive $1,500,000 in funding, we will allocate such funds as follows;

 ·$550,000 for the completion and deployment of our Sportsbook product in Australia. ·$500,000 for the completion and rollout of our Live Content Sports Streaming app which will enable us to deliver the app in Australia and all states of the U.S., ·$100,000 for professional and advisory fees, ·$250,000 for marketing and public relations, and