Apple iSports Group, Inc. Files 10-Q
Ticker: AAPI · Form: 10-Q · Filed: Aug 15, 2024 · CIK: 1134982
Sentiment: neutral
Topics: 10-Q, financials, insurance
TL;DR
Apple iSports Group filed its Q2 10-Q. Check financials.
AI Summary
Apple iSports Group, Inc. filed a 10-Q for the period ending June 30, 2024. The company, formerly known as Prevention Insurance Com, is incorporated in Nevada and operates in the insurance agents, brokers & services sector. Its business address is in Irvine, CA, and its fiscal year ends on December 31.
Why It Matters
This filing provides investors with an update on the company's financial performance and operational status for the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented.
Key Numbers
- 500000000 — Total Assets (estimated) (Implied from filing values)
- 202784211 — Total Liabilities (estimated) (Implied from filing values)
- 207964211 — Total Equity (estimated) (Implied from filing values)
Key Players & Entities
- Apple iSports Group, Inc. (company) — Filer
- Prevention Insurance Com (company) — Former company name
- 20240630 (date) — Period of report
- 20240815 (date) — Filed as of date
- NV (state) — State of incorporation
- 1231 (date) — Fiscal year end
- Irvine, CA (location) — Business address city and state
FAQ
What were the company's revenues for the quarter ending June 30, 2024?
The provided filing snippet does not explicitly state the revenue figures for the quarter ending June 30, 2024.
Did Apple iSports Group, Inc. have any significant acquisitions or divestitures during the reporting period?
The filing snippet does not detail any specific acquisitions or divestitures for the period ending June 30, 2024.
What is the company's primary line of business?
The company is classified under 'INSURANCE AGENTS BROKERS & SERVICES [6411]' according to its Standard Industrial Classification.
When was the company formerly known as Prevention Insurance Com?
The company was formerly known as Prevention Insurance Com with name change dates including 20220408, 20080111, and 20010214.
What are the company's main geographical markets?
The filing indicates operations in Australia (pvnc:AustraliaMember) and the United States (pvnc:UnitedStatesMember) for the period of 2024-01-01 to 2024-06-30.
Filing Stats: 4,458 words · 18 min read · ~15 pages · Grade level 14.9 · Accepted 2024-08-15 14:25:56
Key Financial Figures
- $0.0001 — ere 207,964,211 shares of common stock, $0.0001 par value per share, outstanding. TABL
- $60,000 — rm sheet, the Company paid a deposit of $60,000 AUD (U.S. $ 40,042 ), which is included
Filing Documents
- pvnc_10q.htm (10-Q) — 552KB
- pvnc_ex311.htm (EX-31.1) — 12KB
- pvnc_ex312.htm (EX-31.2) — 12KB
- pvnc_ex321.htm (EX-32.1) — 5KB
- pvnc_10qimg3.jpg (GRAPHIC) — 14KB
- 0001477932-24-004933.txt ( ) — 2490KB
- pvnc-20240630.xsd (EX-101.SCH) — 24KB
- pvnc-20240630_lab.xml (EX-101.LAB) — 152KB
- pvnc-20240630_cal.xml (EX-101.CAL) — 35KB
- pvnc-20240630_pre.xml (EX-101.PRE) — 124KB
- pvnc-20240630_def.xml (EX-101.DEF) — 47KB
- pvnc_10q_htm.xml (XML) — 257KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 3 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 4 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 8 Item 4.
Controls and Procedures
Controls and Procedures 9
– OTHER INFORMATION
PART II – OTHER INFORMATION
SIGNATURES
SIGNATURES 11 2 Table of Contents Part I
Financial Statements
Item 1. Financial Statements. APPLE iSPORTS GROUP, INC. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023 (UNAUDITED) APPLE iSPORTS GROUP, INC. INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 F-1 Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended June 30, 2024 and 2023 F-2 Condensed Consolidated Statement of Stockholders' Deficit for the six months ended June 30, 2024 and 2023 F-3 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 F-4 Notes to Condensed Consolidated Financial Statements F-5 3 Table of Contents APPLE iSPORTS GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 41,850 $ 673 Goods and service tax receivable 33,733 61,798 Marketable security 100 100 Prepaid and other assets 9,274 6,812 Total current assets 84,957 69,383 Deposits 40,042 - Notes receivable 80,000 - Accrued interest income 171 - Total assets $ 205,170 $ 69,383 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable and accrued expenses $ 2,053,844 $ 2,464,558 Due to related party 4,999 4,999 Loans payable - related parties 3,086,661 2,720,549 Accrued interest - related parties 116,277 77,964 Accrued payroll 67,120 108,487 Total current liabilities 5,328,901 5,376,557 Total liabilities 5,328,901 5,376,557 Stockholders' deficit: Common stock, $ 0.0001 par value, 500,000,000 shares authorized, 207,964,211 and 202,784,211 shares issued and outstanding as of June 30, 2024 and December 31, 2023 20,796 20,278 Additional paid-in capital 6,517,627 5,223,245 Treasury stock, 1 share, at cost ( 52,954 ) ( 52,954 ) Accumulated other