Home / Going-concern warnings / Apple iSports Group, Inc.
Filed 2025-04-01 路 Form 10-K 路 Accession 0001477932-25-002341 small
Price before filing: $7.3 (2025-03-31 close, split/dividend-adjusted)
Market cap at flag: $1.54B (2025-04-01) 路 Latest: $41.7M (2026-10-15)
| Window | AAPI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -6.8% | -0.2% | -6.7% | 2025-05-01 |
| 90 days | +6.8% | +10.8% | -3.9% | 2025-06-30 |
| 180 days | -83.6% | +19.3% | -102.9% | 2025-09-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-01 to 2025-05-01. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 2 to the financial statements, the Company has not yet established an ongoing source of revenues and cash flows sufficient to cover its operating costs, incurred a net loss and negative cash flow from operations for the year ended December 31, 2023, which raises substantial doubt about their ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Fruci & Associates II, PLLC
Source: independent auditor report in Form 10-K (period 2024-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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