$AAPI

Apple iSports Group, Inc.

CIK:0001134982|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)
Net revenues	$ 0	$ 0
Operating expenses:
Corporate expense	0	131,772
Consulting and professional fees	376,638	3,033,876
Selling, general and administrative	60,481	30,981
Total operating expenses	437,119	3,196,629
Loss from operations	(437,119)	(3,196,629)
Other (expenses) and income:
Interest expense, net	(21,663)	(8,981)
Foreign exchange loss	73,661	13,878
Loss on Investment	(100)	0
Total other (expenses) and income	51,898	4,897
Operating loss before income taxes	(385,221)	(3,191,732)
Provision for income taxes	0	0
Net loss	(385,221)	(3,191,732)
Foreign currency translation adjustment	(188,593)	(10,731)
Comprehensive loss	$ (573,814)	$ (3,202,463)
Net loss per share - basic and diluted	$ (0.00)	$ (0.01)
Weighted number of shares outstanding
Basic and Diluted	219,784,477	218,591,747

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities
Net loss	$ (385,221)	$ (3,191,732)
Adjustments to reconcile net loss to net cash used in operating activities:
Foreign exchange loss	(73,661)	(13,878)
Adjustment for stock-based compensation	250,000	2,566,695
Adjustment for loss on investment	100
Change in operating assets and liabilities:
Good and services tax receivable	6,492	46,039
Accrued interest income	(986)	(986)
Accounts payable and accrued expenses	(118,453)	130,009
Accounts payable and accrued expenses - related parties	140,805	66,485
Accrued interest - related party	11,067	9,158
Accrued interest expense	9,496
Accrued payroll	(28,449)	(93,316)
Prepaid and other assets	4,005	4,161
Deposits	11,445
Net cash used in operating activities	(173,360)	(477,365)
Cash flows from investing activities
Notes receivable	600	(600)
Net cash provided by (used in) investing activities	600	(600)
Cash flows from financing activities
Proceeds from loan payable from related parties	117,683	358,179
Payments to loans payable from related parties	0	(48,675)
Proceeds from conversion of loan to common stock	0	278,504
Net cash provided by financing activities	117,683	588,008
Effect of changes in exchange rates on cash and cash equivalents	(1)	(6,481)
Net increase (decrease) in cash and cash equivalents	(55,078)	103,562
Cash and cash equivalents, beginning of period	55,938	42,167
Cash and cash equivalents, end of period	860	145,729
Supplemental disclosure of cash flow information:
Cash paid for interest	0	0
Cash paid for income tax	0	0
Supplemental disclosure of non-cash financing activities:
Non Cash decrease in related party loans payable due to conversion to common stock	0	(2,682,970)
Non Cash decrease in accrued interest related party due to conversion to common stock	0	(124,790)
Non Cash increase in common stock due to conversion of related party loan	0	1,123
Non Cash increase in Additional Paid in capital due to conversion of related party loan	$ 0	$ 2,806,637

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 860	$ 55,938
Goods and service tax receivable	133	6,378
Marketable security	0	100
Prepaid and other assets	7,490	11,495
Deferred financing cost, current	555,000	555,000
Total current assets	563,483	628,911
Deposits	0	11,015
Notes receivable	80,000	80,000
Accrued interest income	7,984	6,998
Deferred financing cost, non-current	1,740,042	1,740,042
Total assets	2,391,509	2,467,566
Current liabilities:
Accounts payable and accrued expenses	2,968,442	3,027,716
Accounts payable and accrued expenses - related parties	954,617	813,813
Due to related party	4,999	4,999
Loans payable	206,782	206,782
Loans payable - related parties	2,430,764	2,261,484
Accrued interest - related parties	92,736	79,921
Accrued payroll	105,943	131,308
Accrued interest expense	12,494	2,997
Total current liabilities	6,776,777	6,529,020
Total liabilities	6,776,777	6,529,020
Commitments and contingencies	0	0
Stockholders' deficit:
Common stock, $0.0001 par value, 500,000,000 shares authorized, 219,784,477 issued and outstanding as of March 31, 2026 and December 31, 2025	21,978	21,978
Additional paid-in capital	15,995,313	15,745,313
Treasury stock, 1 share, at cost	(52,954)	(52,954)
Accumulated other comprehensive income	(297,726)	(109,133)
Accumulated deficit	(20,051,879)	(19,666,658)
Total stockholders' deficit	(4,385,268)	(4,061,454)
Total Liabilities and Stockholders' Deficit	$ 2,391,509	$ 2,467,566