Company: AAPI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001477932-25-004015
Chunk: 4

Company: Apple iSports Group, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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19,316 Accrued payroll  (93,316 )  17,310 Prepaid and other assets  4,161   (2,600) Net cash used in operating activities  (477,365 )  (857,453 )         Cash flows from investing activities            Notes receivable  (600 )  (50,000 )    Net cash used in investing activities  (600 )  (50,000 )         Cash flows from financing activities        Proceeds from loan payable from related parties  358,179   281,545 Payments to loans payable from related parties  (48,675)   - Proceeds from conversion of loan to common stock  278,504   647,600 Net cash provided by financing activities  588,008   929,145          Effect of changes in exchange rates on cash and cash equivalents  (6,481 )  (15,313 )         Net increase (decrease) in cash and cash equivalents  103,562   6,379          Cash and cash equivalents, beginning of period  42,167   673          Cash and cash equivalents, end of period $145,729  $7,052          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

NOTE 1. COMPANY HISTORY AND NATURE OF BUSINESS Apple iSports Group, Inc. (the “Company”) was incorporated under the laws of the State of Nevada in 1975 as Vita