Apple iSports Group restates Q2 2024 financials; share count off by 520,000, expenses understated by $80K

Apple iSports Group, Inc.

Previously issued June 30, 2024 10-Q can no longer be relied upon due to accounting errors.
Share count incorrectly stated as 207,964,211; actual was 208,484,211 (520,000-share understatement).
Corporate expenses for the six months ended June 30 were $280,609 reported vs $360,609 actual; three-month expense was $141,617 vs $221,617.
Error originated from a private placement repricing at $0.25/share, requiring 320,000 additional shares and increasing net loss by $80,000.
Management discussed restatement with current independent auditor; conclusion reached on December 27, 2024.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Apple iSports Group, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the Company’s management concluded that the Company's Previously Issued Financial Statements should be restated and no longer relied upon due to the Company not appropriately accounting for the total number of common shares outstanding and the amount of corporate expenses.

View on SEC.gov

47 auditor changes filed in the last 30 days. Browse all auditor changes →

Apple iSports Group, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-25-000093

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.