Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 196

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1B
Chunk 196
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 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 ·$100,000 for salaries. ·$1,500,000 - Total

We expect to generate gaming revenues from the rollout of our racing Sportsbook in Australia. We also expect to generate advertising revenue from the rollout of our Live Content Sports Streaming in Australia and all states of the U.S. At this time, we cannot predict the level of income from the projected revenue sources.

Thereafter, as more cash becomes available, we plan to prioritize our operations in the following order: 

·Sports and racing betting in Australia,·24/7 Sports rollout in Australia and the US,·Racing rollout in North Dakota and related states,·Marketing relating to racing,·Sports betting rollout in initial U.S. states, and·Expansion of ADW (racing) and sports betting to additional states.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

As a “smaller reporting company” as defined by Rule 12b-2 of the Exchange Act, the Company is not required to provide this information.

 30Table of Contents

Item 8. Financial Statements and Supplementary Data.

Audited financial statements begin on the following page of this report

Apple iSports Group, Inc.

Index to Financial Statements

  Page     REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (FIRM ID 5525) F-2     REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (FIRM ID 00536) F-3     CONSOLIDATED BALANCE SHEETS F-4     CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS F-5     CONSOLIDATED STATEMENTS OF CHANGES IN STOCKH