other material
confidence high
sentiment positive
materiality 0.50
Apple iSports withdraws non-reliance on June 30, 2024 financials; no restatement
Apple iSports Group, Inc.
- Original Jan 7, 2025 8-K claimed re-pricing of private placement required $80K net loss adjustment and restatement.
- On Feb 14, 2025, after further analysis, co concluded ASC 505-10-25-2 applies, only a non-material reclass between common stock and APIC.
- Co will not restate the previously issued June 30, 2024 financials; prior non-reliance notice is withdrawn.
- Amendment filed in response to SEC staff comment letter; CFO and independent accountant consulted.