Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 164

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 164
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 loan a maximum of $1,000,000 to SeaPort, Inc. The note is convertible into common shares of Seaport, Inc. at a conversion price equal to the pre-money investment (as defined in the agreement) divided by the aggregate number of fully diluted shares of Seaport Inc.’s common stock as of the conversion date. As of December 31, 2024, the Company had loaned $80,000 to SeaPort, Inc., with an annual interest rate of 5% per year. The loan is structured with several maturity dates of March 6, 2027, April 29, 2027, and May 28, 2027. During the year ended December 31, 2024, the Company recorded $2,998 in interest income related to the loan. As of December 31, 2024, the Company has accrued $2,998 of interest income related to the loan.

NOTE 5. RELATED PARTIES Related Party Payables Related Party Note December 31, 2024  December 31, 2023 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.