Apple iSports Group Inc (OTC: AAPI) is a pre-revenue digital sports betting and gaming company developing an online platform for sports content, racing wagering, and sports streaming. The company intends to generate revenue through sports betting transactions, account wagering (ADW) for horse racing, iGaming, and advertising sales on a live content sports streaming channel. As of April 10, 2026, AAPI has not launched a commercial product and has generated no material revenue. The company reported a net loss of $6,407,709 for the year ended December 31, 2025, a working capital deficit of approximately $5,900,109, and cash on hand of approximately $55,938 as of December 31, 2025. Its auditor issued a going concern opinion for the December 31, 2025 year-end period. AAPI has received approximately $3,023,397 in private placement funding and more than $3,155,218 in related-party loans since inception. The company is seeking an Online Bookmaking License in Australia and an ADW license in North Dakota, with plans to expand to approximately 20 U.S. states.

Revenue model

No revenue has been reported as of December 31, 2025. The intended revenue model includes sports betting transaction fees, ADW (account deposit wagering) commissions on horse racing, iGaming platform fees, and advertising sales on a live sports streaming channel.

Products and services

The platform under development includes a sports betting and iGaming product, an ADW (advance deposit wagering) product for horse racing, and a Live Content Sports Streaming Channel. A 24/7 branded sports app and a Mobile II product for tribal casino markets are also in development as of the April 10, 2026 filing.

Customers and end markets

Target end markets include sports bettors, horse racing wagerers, and iGaming users in Australia and the United States. The company also targets tribal casino markets in the U.S. No active customers have been reported.

Value-chain role

AAPI is a platform developer and operator intending to act as a digital intermediary between sports bettors and wagering markets. The company has decided to outsource platform development rather than build proprietary technology, as disclosed in the 10-K filed April 10, 2026.

Geographic exposure

Primary target markets are Australia (full product suite) and the United States, initially North Dakota and approximately 20 additional states, plus tribal casino markets. An Australian trademark for the Apple iSports 'a' icon logotype was approved February 14, 2024.

Source: SEC 10-K, filed 2026-04-10

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