Company: AAPI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001477932-25-008337
Chunk: 68

Company: Apple iSports Group, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 68
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rew Inc, a leading telecommunications infrastructure provider. On or about July 13, 2025, the proposed transaction of AmeriCrew, is no longer viable and will not be purchased.  ·In July 2025, we entered into a binding agreement to purchase Lucky Bet, a fully operational gaming platform provider with significant customer base and revenue. ·In August 2025, we entered into an Equity Backstop agreement with LDA Capital Group allowing draw-down of up to $25 million, with an ability to extend the draw-down up to $50 million based on completion of a Registration Statement and trade volume metrics.

Effective March 23, 2023, we completed a change of control transaction pursuant to a Stock Exchange Agreement (the “Stock Exchange Agreement”) with AiS and the shareholders of AiS. The stock exchange was accounted for under the business combination under the common control of accounting. Consequently, the assets and liabilities and the historical operations that are reflected in the financial statements before the stock exchange are those of AiS and the Company combined. They are recorded at the historical cost basis and the condensed consolidated financial statements after completion of the stock exchange include the combined assets and liabilities of AiS and the Company from the closing date of the stock exchange, as a result of the issuance of the shares of our common stock pursuant to the stock exchange, a change in control of the Company occurred as of the date of consummation of the transaction. 

Our address is 100 Spectrum Center Dr., Suite 900, Irvine, CA 92612, and our phone number is (949) 247-4210. We also maintain satellite offices at Level 1, Paspalis Centrepoint, 48-50 Smith Street Mall, Darwin NT 0800 Australia, and Lonsdale Street, Level 7, Melbourne, Australia 3000. In addition, as mentioned, we have two websites (which do not form a part of these filings): www.appleisports.com in the U.S. and www.appleisports.com.au in Australia. 

 6Table of Contents

Our corporate structure is depicted below:

Results of Operations

For the Nine Months Ended September 30, 2025, Compared to the Nine Months Ended September 30, 2024

Revenues

During the Nine Months Ended September 30, 2025, and 2024, the Company had no revenues. 

Operating Expenses

During the Nine Months Ended September 30, 2025, and 2024