10-K Filing

APPLE ISPORTS GROUP, INC. CIK: 1134982 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001213900-17-008611`
Period End Date	20170430
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	pvnc-20170430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 19 Cash Flow Statement 44 Stockholders Equity 13

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$516.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.34M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.24K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$519.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$127.00K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$11.70K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$127.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.00	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$141.68K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$142.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.94K	USD	Point-in-time
Total liabilities	`Liabilities`	$16.94K	USD	Point-in-time
Total liabilities	`Liabilities`	$142.20K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 22,340,083 shares issued and 22,340,081 shares outstanding	`CommonStockValue`	$2.23K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 22,340,083 shares issued and 22,340,081 shares outstanding	`CommonStockValue`	$2.23K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.64M	USD	Point-in-time
Treasury stock, 2 shares, at cost	`TreasuryStockValue`	$52.95K	USD	Point-in-time
Treasury stock, 2 shares, at cost	`TreasuryStockValue`	$52.95K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.61M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-16.94K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-142.20K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-140.55K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Cost of goods sold	`CostOfRevenue`	-	USD	Annual
Cost of goods sold	`CostOfRevenue`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$125.26K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$69.60K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-125.26K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-69.60K	USD	Annual
Interest expense	`InterestExpense`	$202.91K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$2.07K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-272.52K	USD	Annual
Net loss	`NetIncomeLoss`	$-125.26K	USD	Annual
Loss per common share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Loss per common share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average number of common shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.29M	shares	Annual
Weighted average number of common shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.34M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Conversion of related party advance	`DebtConversionOfRelatedPartyAdvance`	$127.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-272.52K	USD	Annual
Net loss	`NetIncomeLoss`	$-125.26K	USD	Annual
Convertible debenture, related party	`ConversionDebentureOfRelatedParty`	$127.00K	USD	Annual
Conversion of convertible debentures, value	`ConversionOfStockAmountConverted1`	$199.50K	USD	Annual
Conversion of convertible debentures, shares	`ConversionOfStockSharesConverted1`	19.95M	shares	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$199.50K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.83K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.72K	USD	Annual
Accrued expenses - related party	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued expenses - related party	`IncreaseDecreaseInAccruedLiabilities`	$3.41K	USD	Annual
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-129.98K	USD	Annual
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-78.43K	USD	Annual
Proceeds from advances from related party	`ProceedsFromRelatedPartyDebt`	$23.14K	USD	Annual
Proceeds from advances from related party	`ProceedsFromRelatedPartyDebt`	$129.98K	USD	Annual
Repayment of advances from related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment of advances from related parties	`RepaymentsOfRelatedPartyDebt`	$228.00	USD	Annual
Proceeds from convertible notes payable - related party	`ProceedsFromConvertibleDebt`	$55.00K	USD	Annual
Proceeds from convertible notes payable - related party	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$129.98K	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$77.91K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-516.00	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$516.00	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$516.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Conversion of $127,000 advance from related party to $127,000 convertible debenture, related party	`ConversionOfRelatedPartyAdvanceToConvertibleDebentureRelatedParty`	$127.00K	USD	Annual
Conversion of $127,000 advance from related party to $127,000 convertible debenture, related party	`ConversionOfRelatedPartyAdvanceToConvertibleDebentureRelatedParty`	-	USD	Annual
Discount from beneficial conversion feature on convertible notes	`DiscountFromBeneficialConversionFeatureOnConvertibleNotes`	-	USD	Annual
Discount from beneficial conversion feature on convertible notes	`DiscountFromBeneficialConversionFeatureOnConvertibleNotes`	$182.00K	USD	Annual
Conversion of $199,500 convertible debentures, related party into 19,950,000 shares of common stock	`ConversionOfConvertibleDebenturesRelatedParty`	$199.50K	USD	Annual
Conversion of $199,500 convertible debentures, related party into 19,950,000 shares of common stock	`ConversionOfConvertibleDebenturesRelatedParty`	-	USD	Annual
Forgiveness of accrued interest on convertible debentures, related party	`ForgivenessOfAccruedInterestOnConvertibleDebenturesRelatedParty`	-	USD	Annual
Forgiveness of accrued interest on convertible debentures, related party	`ForgivenessOfAccruedInterestOnConvertibleDebenturesRelatedParty`	$3.41K	USD	Annual
Forgiveness of advances from related party	`ForgivenessOfAdvancesFromRelatedParty`	$11.44K	USD	Annual
Forgiveness of advances from related party	`ForgivenessOfAdvancesFromRelatedParty`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-16.94K	USD	Point-in-time
Balance	`StockholdersEquity`	$-142.20K	USD	Point-in-time
Balance	`StockholdersEquity`	$-140.55K	USD	Point-in-time
Discount on related party convertible note payable	`AdjustmentsToAdditionalPaidInCapitalDiscountOnRelatedPartyConvertibleNotePayable`	$182.00K	USD	Annual
Conversion of related party convertible notes payable	`StockIssuedDuringPeriodValueConversionOfRelatedPartyConvertibleNotesPayable`	$199.50K	USD	Annual
Forgiveness of accrued interest on related party convertible notes payable	`AdjustmentsToAdditionalPaidInCapitalForgivenessOfAccruedInterestOnRelatedPartyConvertibleNotesPayable`	$3.41K	USD	Annual
Transfer of cash balance to related party	`AdjustmentsToAdditionalPaidInCapitalTransferOfCashBalanceToRelatedParty`	$-228.00	USD	Annual
Forgiveness of balance due to related party	`AdjustmentsToAdditionalPaidInCapitalForgivenessOfBalanceDueToRelatedParty`	$11.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-272.52K	USD	Annual
Net loss	`NetIncomeLoss`	$-125.26K	USD	Annual
Balance	`StockholdersEquity`	$-16.94K	USD	Point-in-time
Balance	`StockholdersEquity`	$-142.20K	USD	Point-in-time
Balance	`StockholdersEquity`	$-140.55K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.