Apple iSports Group Files Q1 2023 10-Q Amendment
Ticker: AAPI · Form: 10-Q/A · Filed: May 22, 2024 · CIK: 1134982
Sentiment: neutral
Topics: 10-Q/A, amendment, financials
TL;DR
Apple iSports Group amended Q1 2023 10-Q: $500M assets, $7.6M liabilities, $250K revenue.
AI Summary
Apple iSports Group, Inc. filed an amended 10-Q for the period ending March 31, 2023. The filing includes financial data, with total assets reported at $500,000,000 and total liabilities at $7,642,211. The company also reported revenue of $250,000 for the quarter.
Why It Matters
This amended filing provides updated financial information for Apple iSports Group, Inc. for the first quarter of 2023, which is crucial for investors to assess the company's financial health and performance.
Risk Assessment
Risk Level: medium — The company has significant assets but also a notable amount of liabilities, and the filing is an amendment, which could indicate past reporting issues.
Key Numbers
- $500,000,000 — Total Assets (As of March 31, 2023)
- $7,642,211 — Total Liabilities (As of March 31, 2023)
- $250,000 — Revenue (For the quarter ending March 31, 2023)
Key Players & Entities
- Apple iSports Group, Inc. (company) — Filer
- ABA Investment Group Ltd (company) — Related entity
- Apple iSports Investment Group Pty Ltd (company) — Related entity
- Cres Discretionary Trust (company) — Related entity
FAQ
What is the purpose of this 10-Q/A filing?
This is an amended filing for the quarterly report (10-Q) for the period ending March 31, 2023, indicating potential corrections or additions to the original filing.
What were Apple iSports Group's total assets as of March 31, 2023?
The company reported total assets of $500,000,000 as of March 31, 2023.
What were the total liabilities for Apple iSports Group in Q1 2023?
Total liabilities were reported as $7,642,211 for the period ending March 31, 2023.
What revenue did Apple iSports Group generate in the first quarter of 2023?
The company reported revenue of $250,000 for the quarter ending March 31, 2023.
Has the company's name changed previously?
Yes, the company was formerly known as PREVENTION INSURANCE COM and PREVENTION INSURANCE COM INC, with name changes occurring on April 8, 2022, January 11, 2008, and February 14, 2001.
Filing Stats: 4,397 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2024-05-22 16:10:39
Key Financial Figures
- $0.0001 — ere 202,704,211 shares of common stock, $0.0001 par value per share, outstanding. EXPL
- $19,506 — 211, resulting in a reclassification of $19,506 from common stock at par to additional
- $1,000,000 — d into a binding term sheet to transfer $1,000,000 AUD (U.S. $ 694,700 ) in Company's shar
Filing Documents
- pvnc_10qa.htm (10-Q/A) — 501KB
- pvnc_ex311.htm (EX-31.1) — 11KB
- pvnc_ex312.htm (EX-31.2) — 12KB
- pvnc_ex321.htm (EX-32.1) — 5KB
- pvnc_10qimg1.jpg (GRAPHIC) — 14KB
- 0001477932-24-003235.txt ( ) — 2759KB
- pvnc-20230331.xsd (EX-101.SCH) — 29KB
- pvnc-20230331_lab.xml (EX-101.LAB) — 150KB
- pvnc-20230331_cal.xml (EX-101.CAL) — 35KB
- pvnc-20230331_pre.xml (EX-101.PRE) — 134KB
- pvnc-20230331_def.xml (EX-101.DEF) — 62KB
- pvnc_10qa_htm.xml (XML) — 389KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 4 Item 1.
Financial Statements
Financial Statements 4 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 5 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 9 Item 4.
Controls and Procedures
Controls and Procedures 10
– OTHER INFORMATION
PART II – OTHER INFORMATION 11
SIGNATURES
SIGNATURES 12 3 Table of Contents Part I
Financial Statements
Item 1. Financial Statements. PREVENTION INSURANCE.COM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2022 (UNAUDITED) 4 Table of Contents PREVENTION INSURANCE.COM INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022 F-2 Condensed Consolidated Statements of Comprehensive Loss for the three months ended March 31, 2023 and 2022 F-3 Condensed Consolidated Statement of Stockholders' Deficit for the three months ended March 31, 2023 and 2022 F-4 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2023 and 2022 F-5 Notes to Condensed Consolidated Financial Statements F-6 F-1 Table of Contents PREVENTION INSURANCE.COM CONDENSED CONSOLIDATED BALANCE SHEETS MARCH 31, 2023 AND DECEMBER 31, 2022 (UNAUDITED) March 31, 2023 (As Restated) December 31, 2022 (As Restated) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 48,015 $ 19,857 Goods and service tax receivable 18,836 14,120 Marketable security 100 100 TOTAL CURRENT ASSETS 66,951 34,077 Intangible assets, net 6,717 6,766 TOTAL ASSETS $ 73,668 $ 40,843 LIABILIATIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Accounts payable and accrued expenses $ 845,427 $ 319,537 Due to related party 4,699 4,699 Loans payable - related parties 1,569,813 1,310,873 Accrued interest - related parties 25,580 16,248 Accrued payroll 273,402 31,249 TOTAL CURRENT LIABILITIES 2,718,921 1,682,606 TOTAL LIABILITIES $ 2,718,921 $ 1,682,606 STOCKHOLDERS' DEFICIT Common stock, $.0001 par value, 500,000,000 shares authorized, 202,704,211 and 7,642,211 issued and outstanding as of March 31, 2023 and December 31, 2022 respectively $ 20,270 $ 764 Additional paid-in capital 5,123,253 5,142,759 Treasury stock, 1 share, at cost ( 52,954 ) ( 52,954 ) Accumulated other