Company: AAPI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001477932-25-004015
Chunk: 1

Company: Apple iSports Group, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 Accrued payroll  309,549   402,130 Total current liabilities  4,246,345   6,641,364          Total liabilities  4,246,345   6,641,364          Commitments and contingencies   -    -          Stockholders’ deficit:        Common stock, $0.0001 par value, 500,000,000 shares authorized, 219,784,477 and 208,483,811 issued and outstanding as of March 31, 2025 and December 31, 2024  21,978   20,848 Additional paid-in capital  12,219,403   6,567,575 Treasury stock, 1 share, at cost  (52,954 )  (52,954 )Accumulated other comprehensive income  343,476   354,207 Accumulated deficit  (16,450,681 )  (13,258,949 )Total stockholders’ deficit  (3,918,778 )  (6,369,273 )         Total Liabilities and Stockholders’ Deficit $327,567  $272,091 

See accompanying notes to condensed consolidated financial statements.

 F-1Table of Contents

APPLE iSPORTS GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

 (UNAUDITED) 

  Three Months Ended   March 31,    2025  2024 Net revenues $—  $—          Operating expenses:        Corporate expense  131,772   138,992 Consulting and professional fees  3,033,876   473,094 Selling, general and administrative  30,981   117,275 Total operating expenses  3,196,629   729,361          Loss from operations  (3,196,629 )  (729,361 )         Other expenses:                 Interest expense, net  8,981   20,001 Foreign exchange loss  (13,878 )  (1,097 )Total other expenses  (4,897 )  18,904          Operating loss before income taxes  (3,191,732 )  (