| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $0 | — | — |
| SG&A Expense | $60K | — | +95.2% |
| Operating Income | -$437K | — | +86.3% |
| Interest Expense | $22K | — | +141.2% |
| Pre-tax Income | -$385K | — | +87.9% |
| Income Tax | $0 | — | — |
| Net Income | -$385K | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Short-term Investments | $0 | -100.0% | -100.0% |
| Current Assets | $563K | -10.4% | +262.2% |
| Total Assets | $2.4M | -3.1% | +630.1% |
| Current Liabilities | $6.8M | +3.8% | +59.6% |
| Long-term Debt | $2.7M | — | — |
| Total Liabilities | $6.8M |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$173K | — | +63.7% |
| Investing Cash Flow | $600 | — | +200.0% |
| Financing Cash Flow | $118K | — | +120.0% |
Business Overview
Apple iSports Group, Inc. is developing an online gaming and sports platform, having transitioned its strategy from B2C to B2B through a March 2026 Joint Venture Agreement with Apple iCasino. The company closed its Melbourne, Australia office in December 2025 to discontinue sportsbook development efforts and centralize operations in the United States, while pursuing revenue-sharing opportunities in global online gambling services leveraging proprietary B2B infrastructure and technical equity.
Segment Performance
The company reported no revenue for Q1 2026 compared to Q1 2025. Operating expenses decreased significantly to $437,119 in Q1 2026 from $3,196,629 in Q1 2025, primarily due to reduced consulting and professional fees ($376,638 vs. $3,033,876). The net loss for Q1 2026 was $385,221 compared to $3,191,732 in Q1 2025. The company operates through subsidiaries AiS, AiS Australia, and AiSportsTek, Inc., with no specific segment revenue or income figures disclosed.
Forward Guidance
The company states its ability to continue as a going concern is "dependent upon its ability to source additional debt and/or equity to fund the continued development of its multi-faceted gaming platform and ultimately achieve profitable operations." The company plans to rely on "continued advances from significant stockholders sufficient to meet its modest operating expenses and seeking third-party equity and/or debt financing," but explicitly notes "the Company cannot provide any assurances that it will be successful in accomplishing any of its plans."
Key Risk Factors
The company faces substantial going concern uncertainty with negative working capital of $6.2 million, accumulated deficit of $20.1 million, and no established revenue sources to cover operating costs. The company is dependent on continued advances from significant stockholders and obtaining third-party debt/equity financing with no assurances of success. Additionally, the company operates in a highly regulated gaming industry with unresolved regulatory requirements, has written off multiple failed asset acquisition deposits totaling approximately $98,000, and faces foreign currency translation risks given its Australian subsidiary operations.
| EPS (Diluted) | $0.00 | — | +100.0% |
| +3.8% |
| +59.6% |
| Stockholders' Equity | -$4.4M | -8.0% | -11.9% |