Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 60

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 60
---
 a digital sports betting and gaming platform. The Company’s CODM reviews financial information and operational forecasts presented on a consolidated basis for the purpose of making operating decisions and assessing financial performance. The Company’s CODM assesses performance for the Company’s single reportable segment based on the Company’s net income (loss) as reported on the consolidated statement of comprehensive income (loss).

NOTE 11. SUBSEQUENT EVENTS On January 9, 2025, on January 9, 2025 the Company and Cres Pty Ltd at Cres Discretionary Trust No 2 (“Cres”) entered into a loan conversion agreement by which the Company converted and discharged certain outstanding loans to the Company in exchange for certain shares of the Company’s common stock. The loan converted by Cres was $2,907,760 resulting in the issuance of 11,231,040 shares of common stock to Cres. On December 21, 2024, the Company reported the appointment of Mr. Lyndon Hsu to the Company’s Board of Directors. The Company also reported that he received 800,000 shares of common stock per year in stock options for 2 years. On February 5, 2025, the Board of Directors amended the terms of the stock option grant that the initial 800,000 share of common stock were granted immediately to Mr. Hsu at no cost and the second 800,000 shares of common stock will be granted to Mr. Hsu at no cost on the first anniversary of his Director appointment provided he remains a director of the company at such time. On February 13, 2025, the Company entered into a subscription agreement with an unaffiliated third-party pursuant to which the Company received $25,000 in proceeds in exchange for 6,250 shares of Common Stock. These shares have been subscribed, but as of March 31, 2024 have not been issued. On March 6, 2025, the Company entered into a subscription agreement with two unaffiliated third-parties pursuant to which the Company received a total of $253,504 in proceeds in exchange for 63,376 shares of Common Stock. These shares have been subscribed, but as of March 31, 2024 have not been issued. 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,