$AASP

ALL AMERICAN SPORTPARK INC

CIK:0000930245|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Expenses:
General and administrative expenses	$ 192,725	$ 335,914	$ 2,703,039	$ 2,001,160
Research and Development	91,021		91,021
Total operating expenses	283,746	335,914	2,794,060	2,001,160
Loss from operations	(283,746)	(335,914)	(2,794,060)	(2,001,160)
Net Loss before income taxes	(283,746)	(335,914)	(2,794,060)	(2,001,160)
Provision for income taxes
Net Loss	(283,746)	(335,914)	(2,794,060)	(2,001,160)
Deemed dividend- warrants issued to shareholders for lock-up agreements	(3,548,508)		(3,548,508)
Net loss attributable to common shareholders	$ (3,832,254)	$ (335,914)	$ (6,342,568)	$ (2,001,160)
Weighted average number of common shares outstanding- basic	12,812,530	9,785,056	12,161,281	9,785,056
Weighted average number of common shares outstanding- fully diluted	12,812,530	9,785,056	12,161,281	9,785,056
Net loss per share- basic	$ (0.30)	$ (0.03)	$ (0.52)	$ (0.20)
Net loss per share- fully diluted	$ (0.30)	$ (0.03)	$ (0.52)	$ (0.20)

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (2,794,060)	$ (2,001,160)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	20,459	2,709
Stock-based compensation expense	1,217,253	1,440,777
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	398,600	(766)
Accounts payable and accrued expenses	176,435	(30,924)
Net cash used in operating activities	(981,313)	(589,364)
Cash flows from investing activities:
Purchase of property and equipment	(17,691)
Acquisition of intangible asset		(25,000)
Payments for software development in progress	(1,167,548)
Net cash used in investing activities	(1,185,239)	(25,000)
Cash flows from financing activities:
Proceeds from shares issued	2,145,000
Net cash provided by financing activities	2,145,000
Net change in cash and cash equivalents	(21,552)	(614,364)
Cash and cash equivalents at beginning of year	95,748	2,319,242
Cash and cash equivalents at end of year	74,196	1,704,878
Supplemental disclosure of non-cash financing activities:
Warrants issued in acquisition of intangibles	1,743,829	283,287
Conversion of note payable and accrued interest into common stock	8,579
Software development costs included in accounts payable and accrued expenses	1,126,491
Intangible licensed right accrued in accounts payable - related party	$ 250,000

Condensed Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 74,196	$ 95,748
Prepaid expenses and other current assets	2,027	400,627
Total current assets	76,223	496,375
Property and equipment, net	23,582	7,770
Intangible asset, net	2,271,547	296,298
Software development in progress	2,294,039
Total assets	4,665,391	800,443
Current liabilities:
Accounts payable and accrued expenses	2,038,746	486,900
Note payable		7,500
Total liabilities	2,038,746	494,400
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of both June 30, 2026 and December 31, 2025
Common stock, $0.001 par value, 500,000,000 shares authorized, 13,051,824 and 9,785,056 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively, 40,000 and 0 shares unvested as of June 30, 2026 and December 31, 2025, respectively	13,052	9,785
Additional paid-in capital	45,037,755	39,926,360
Accumulated deficit	(42,424,162)	(39,630,102)
Total stockholders’ equity	2,626,645	306,043
Total liabilities and stockholders’ equity	$ 4,665,391	$ 800,443