Company: AAPI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005799
Chunk: 5

Company: Apple iSports Group, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 – related parties  107,682   - Accrued interest – related party  19,431   39,364 Accrued payroll  (105,934 )  (38,684 )Prepaid and other assets  8,060   (2,600 )Deposits  (149,900 )  (39,548 )Net cash used in operating activities  (3,666,671 )  (1,603,880 )         Cash flows from investing activities         Notes receivable  (600 )  (80,000 ) Net cash used in investing activities  (600 )  (80,000 )         Cash flows from financing activities        Proceeds from loan payable from related parties  900,146   551,152 Payments to loans payable from related parties  (52,035 )  (138,915 )Proceeds from conversion of loan to common stock  2,845,199   1,294,900 Net cash provided by financing activities  3,693,310   1,707,137          Effect of changes in exchange rates on cash and cash equivalents  493   17,920          Net increase (decrease) in cash and cash equivalents  26,532   41,177          Cash and cash equivalents, beginning of period  42,167   673          Cash and cash equivalents, end of period $68,699  $41,850          Supplemental disclosure of cash flow information:        Cash paid for interest $-  $- Cash paid for income tax $-  $- Non Cash decrease in related party loans payable due to conversion to common stock $(2,682,970 ) $- Non Cash decrease in accrued interest related party due to conversion to common stock $(124,790 ) $- Non Cash increase in common stock due to conversion of related party loan $1,123  $- Non Cash increase in Additional Paid in capital due to conversion of related party loan $2,806,637  $- 

See accompanying notes to condensed consolidated financial statements.

 F-4Table of Contents

APPLE iSPORTS GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUD