Here are the 10-Q quarterly reports from APPLE ISPORTS GROUP INC (AAPI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AAPI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AAPI filings page.
Apple iSports Group, Inc. reported a net loss of $385,221 for the quarter ended March 31, 2026, with no revenues, reflecting its early-stage status. The loss narrowed sharply from $3,191,732 a year earlier, mainly because stock-based compensation fell to $250,000 from $2,566,695.
Total assets were $2.39M and liabilities $6.78M, leaving a stockholders’ deficit of $4.39M. Cash was only $860, and working capital was negative $6.21M, so the company discloses “substantial doubt” about its ability to continue as a going concern and expects to rely on related-party loans and external financing.
Strategically, Apple iSports is pivoting from a direct-to-consumer sportsbook model toward a business-to-business focus. On March 1, 2026, it entered a 50/50 joint venture and license agreement with AiC Enterprises, LLC to use AiC’s crypto-enabled online gaming platform, targeting B2B revenue-sharing opportunities. The company also has a common stock purchase facility of up to $25M with an investor, which has demanded $250,000 under the arrangement; Apple iSports has not drawn on the facility and is assessing its legal position.
Apple iSports Group (AAPI) filed its Q3 2025 report, showing no revenue and a larger loss as it builds its betting and media platform. Net loss reached $8.25 million for the nine months ended September 30, 2025, compared with $2.01 million a year ago. Operating expenses rose to $6.07 million (up 133%), driven mainly by stock-based compensation tied to new U.S. and Australian option plans. The company also recorded $2.30 million in issuance costs related to an August 2025 common stock purchase agreement.
Cash was $9,304 with a working capital deficit of $6.07 million and an accumulated deficit of $21.51 million, and management disclosed substantial doubt about continuing as a going concern. A related-party loan of $2.81 million was converted into 11,231,040 shares, reducing interest expense. A new equity facility permits purchases of up to $25 million of common stock, alongside warrants for 7,692,492 shares at an initial $7.76 exercise price; no draws or exercises occurred. As of November 14, 2025, 219,785,477 shares were outstanding. Several asset LOIs were pursued; the broadband infrastructure deal was terminated on or about July 13, 2025.