Apple iSports Group, Inc. (AAPI) Form 10-Q — May 21, 2026
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.
Key figures
- Eps
- 0
- Revenue
- 0
- Total Debt
- 6776777
- Total Assets
- 2391509
- Cash Position
- 860
- Shares Outstanding
- 219784477
- Operating Expenses
- 437119
- Related Party Loans
- 2430764
- Stock Based Compensation
- 250000
Price after filing
Close on the filing date to close N calendar days later (from $0.13). Historical, not a forecast.
AI analysis
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