Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 153

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 153
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549 Accrued interest - related parties  154,160   77,964 Accrued payroll  402,130   108,487 Total current liabilities  6,641,364   5,376,557          Total liabilities  6,641,364   5,376,557          Commitments and contingencies                  Stockholders’ deficit:        Common stock, $0.0001 par value, 500,000,000 shares authorized, 208,484,811 and 202,784,211 issued and outstanding as of December 31, 2024 and 2023  20,848   20,278 Additional paid-in capital  6,567,575   5,223,245 Treasury stock, 1 share, at cost  (52,954 )  (52,954 )Accumulated other comprehensive income   354,207   (60,130 )Accumulated deficit  (13,258,949 )  (10,437,613 )Total stockholders’ deficit  (6,369,273 )  (5,307,174 )         Total Liabilities and Stockholders’ Deficit $272,091  $69,383 

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

 F-4Table of Contents

APPLE ISPORTS GROUP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

  Years Ended   December 31,   2024  2023 Net revenues $-  $-          Operating expenses:        Corporate expense  458,366   548,582 Consulting and professional fees  2,237,043   1,580,451 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 )