Apple iSports Group, Inc.

AAPI: NT 10-Q · late filing

Apple iSports Group, Inc. filed a Form 12b-25 (NT 10-Q) on August 14, 2026 notifying the SEC that it cannot file its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 by the prescribed deadline. The company stated the delay occurred because its financial statements could not be completed in time to timely file, and it committed to filing the Form 10-Q by the extension date, which for a 10-Q is the fifth calendar day after the original due date. Management also affirmed that all other required periodic reports were filed during the preceding 12 months and that it does not anticipate any significant change in results of operations versus the corresponding prior-year period. While the notification lacks specifics on the cause of the delay, late filings by small micro-cap issuers are often an early warning of accounting, internal-control, or resource constraints, so the actual 10-Q filing and its contents warrant close monitoring.

SEC NT 10-Q•2mo ago

AAPI: 10-Q · periodic report

Apple iSports Group reported a net loss of $385,221 for the quarter ended March 31, 2026, with zero revenue and only $860 in cash. The company disclosed substantial doubt about its ability to continue as a going concern, citing a working capital deficit of $6.2 million and an accumulated deficit of $20 million. Management acknowledged that disclosure controls and procedures were not effective, citing material weaknesses in internal control over financial reporting. The company remains dependent on related-party loans and a $25 million equity backstop facility with LDA Capital Group to fund operations. Strategically, the company closed its Melbourne office and discontinued its domestic sportsbook development. It entered a joint venture with AIC Enterprises, LLC, shifting focus to a B2B model for online gaming services.

SEC 10-Q•5mo ago

AAPI: NT 10-Q · late filing

Apple iSports Group, Inc. filed a Form 12b-25 notification on May 15, 2026, stating it cannot file its Quarterly Report on Form 10-Q for the period ended March 31, 2026, by the prescribed deadline. The company cited that the financial statements could not be completed in time without unreasonable effort or expense, requesting an extension to file by the fifteenth calendar day following the due date. This delay in reporting quarterly results is a bearish signal, often indicating administrative bottlenecks, accounting complexities, or potential internal control issues that warrant closer scrutiny from investors.

SEC NT 10-Q•5mo ago