Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 152

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 152
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 standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Morison Cogen LLP

We served as the Company’s auditor from 2022 to 2024.

Blue Bell, Pennsylvania

April 22, 2024

 F-3Table of Contents

APPLE ISPORTS GROUP, INC.

CONSOLIDATED BALANCE SHEETS

  December 31,  December 31,   2024  2023 Assets      Current assets:      Cash and cash equivalents $42,167  $673 Goods and service tax receivable  48,073   61,798 Marketable security  100   100 Prepaid and other assets  11,440   6,812 Total current assets  101,780   69,383          Deposits  87,313   - Notes Receivable  80,000   - Accrued interest income  2,998   - Total assets $272,091  $69,383          Liabilities and Stockholders’ Deficit        Current liabilities:        Accounts payable and accrued expenses $2,024,108  $2,464,558 Accounts payable and accrued expenses – related parties   458,525    - Due to related party  4,999   4,999 Loans payable - related parties  3,597,442   2,720,