Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 626

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9B
Chunk 626
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 31, 2024, the Company owed a total of $3,751,602 to related party companies: $3,190,136 to Cres Discretionary Trust No. 2, $174,354 to Apple iSports (Cres Discretionary Trust No. 2 as well), $296,592 to ABA Investment Group Pty Ltd, $68,970 to Utti Oco Pty Ltd, and $21,550 to Mt. Wills. Please refer to Note 5 of our audited financial statements contained in the Form 10-K for further information.

Except as otherwise indicated herein, there have been no related party transactions or any other transactions or relationships required to be disclosed pursuant to Item 404 of Regulation S-K.

Director Independence:

Our common stock is currently quoted on the OTC Market, which does not have any director independence requirements. In determining whether our directors are independent, we refer to NASDAQ Stock Market Rule 4200(a) (15), which indicates that a director is not considered to be independent if he or she also is an executive officer or employee of the corporation. Based on those widely accepted criteria, we have determined that our directors are not independent as they also serve as officers of the Company or are controlling shareholders.

Item 14. Principal Accountant Fees and Services.

Fruci & Associates II, PLLC is the Company’s current independent registered public accounting firm.

(1) Audit Fees

The aggregate fees billed for each of the last two fiscal years (ended December 31, 2024 and 2023) for professional services rendered by the principal accountant for our audit of annual financial statements and review of financial statements included in our quarterly reports or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were:

2024 $60,000  Fruci & Associates II, PLLC2024 $23,413  Stephano Slack LLC2024 $79,210  Morison Cogen LLP2023 $110,695  Morison Cogen LLP

(2) Audit-Related Fees

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountants that are reasonably related to the performance of the audit or review of our financial statements and are not reported in the preceding paragraph:

2024 $0 2023 $0 

(3) Tax Fees

The aggregate fees