secwatch.observer — SEC 8-K summary
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Issuer:     Apple iSports Group, Inc. (AAPI)
CIK:        0001134982
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001477932-24-003158
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Apple iSports Group restates three quarterly 10-Qs; share count error and IP accounting issues
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- Management concludes 10-Qs for March, June, Sept 2023 should be restated and no longer relied upon.
- Share count error: reported 202,704,211 shares vs actual 7,642,211 as of Dec 31, 2022; $19,506 reclassified.
- $1,000,000 AUD IP transaction: recognized expense in Q1 2023, but IP returned and rescinded in April 2024.
- Restatement affects balance sheet, statements of stockholders' deficit for multiple periods.
- Company and third-party executed binding rescission waiving $1,000,000 AUD share issuance liability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1134982/000147793224003158/0001477932-24-003158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1134982/000147793224003158/pvnc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-003158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer