Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 646

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 646
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 Cres Discretionary Trust No. 2 (a) $3,064,914   $2,145,875 Apple iSports Investment Group Pty (b)  161,975   177,420 ABA Investment Group Pty Ltd (c)  280,033   306,734 Utti Oco Pty Ltd (d)  68,970   68,970 Mt. Wills Gold Mines Pty Ltd (e)  21,550   21,550 Total loan payable    $3,597,442   $2,720,549            Cres Discretionary Trust No. 2 (a)  125,222   60,752 Apple iSports Investment Group Pty (b)  12,379   8,251 ABA Investment Group Pty Ltd (c)  16,559   8,961 Total accrued interest    $154,160   $77,964            Due to Stockholder (f)  4,999   4,999 Total Due to related party    4,999   4,999     Year Ended    December 31,     2024  2023 Related party interest expenses:                 Cres Discretionary Trust No. 2 (a)  74,583   50,123 Apple iSports Investment Group Pty (b)  4,526   5,342 ABA Investment Group Pty Ltd (c)  8,887   6,250 Total related party interest expenses    87,996   61,407  a) On May 30, 2019, the Company entered into a loan agreement with Cres Discretionary Trust No.2 (the “Lender”). The Company’s director is the sole officer and controlling stockholder of the Lender. The Lender also is the Company’s majority shareholder. The loan is unsecured, has a 3% annualized interest rate, and is payable on demand by the Lender.  b) On April 8, 2022, the Company’s second-tier subsidiary, AIS Australia entered into a loan agreement with Apple iSports Investment Group Pty Ltd (the “Subsidiary Lender”). The Subsidiary Lender is 100% owned by the director of the Company. The loan is unsecured, has