Company: AAPI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001477932-25-004015
Chunk: 58

Company: Apple iSports Group, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part II, Item 8
Chunk 58
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 date. Our policy is to issue new shares upon the exercise of options.  The following tables summarize information about stock options transactions and related information: Shares Availability:   Plan Authorized Shares  20,000,000 Common Unit  10,275,000 Shares available for issuance  9,725,000  Time-Based Vesting The following tables summarize information about vested common stock transactions and related information for shares subject to time-based vesting:   2025   Options  Weighted Average Exercise Price Outstanding, December 31, 2024  -   - Granted  10,275,000   0.25 Outstanding, March 31, 2025  10,275,000   0.25 

NOTE 10. SEGMENT REPORTING Operating segments are defined as components of an enterprise with separate financial information, which are evaluated regularly by the chief operating decision maker (“CODM”) and are used in resource allocation and performance assessments. The Company’s Chief Executive Officer is the Company’s CODM. The Company is organized and operates as one operating and reportable segment that is developing 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 We evaluated subsequent events after March 31, 2025 through the date of the issuance of these financial statements and have determined there have been no subsequent events for which a disclosure is required.

 F-12Table of Contents

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Forward-Looking Statements

Certain statements made in this quarterly report on Form 10-Q are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) in regard to the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the registrant to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The Company’s