Dongxing International (DNXG) 10-K 14 Apr 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 09, 2014	Jun. 30, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'APEX 1 INC.	'	'
Entity Central Index Key	'0001500861	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'No	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$0
Entity Common Stock, Shares Outstanding	'	10,000,000	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash	'	'
Total Current Assets	'	'
Total Assets	'	'
Current Liabilities:	'	'
Accrued expenses	532	5,500
Due to related party	98,938	68,037
Total Current Liabilities	99,470	73,537
Total Liabilities	99,470	73,537
Stockholders' Deficit	'	'
Preferred Stock	'	'
Common Stock	1,000	1,000
Deficit accumulated during development stage	-100,470	-74,537
Total Stockholders' Deficit	-99,470	-73,537
Total Liabilities and Stockholders' Deficit	'	'

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	10,000,000	10,000,000
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		42 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Statement [Abstract]	'	'	'
Revenues	'	'	'
Operating Expenses	'	'	'
General & Administrative	4,433	4,137	15,770
Professional fees	21,500	22,250	82,700
Organization and related fees	'	'	5,457
Total Operating Expenses	25,933	26,387	103,927
Loss from operations	-25,933	-26,387	-103,927
Other Income - Cancellation of debt	'	'	3,457
Net Loss	($25,933)	($26,387)	($100,470)
Net Loss per share - Basic and diluted	'	'	($0.01)
Weighted Average Shares Outstanding - Basic and diluted	10,000,000	10,000,000	10,000,000

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		42 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($25,933)	($26,387)	($100,470)
Cancellation of debt income	'	'	-3,457
Increase (decrease) in accrued expenses	-4,968	5,500	532
Net cash used in operating activities	-30,901	-20,887	-103,395
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Net cash provided by investing activities	'	'	'
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Common stock issued for services	'	'	1,000
Advances from related party	30,901	20,887	102,395
Net cash provided by financing activities	30,901	20,887	103,395
NET INCREASE IN CASH	'	'	'
CASH - beginning of period	'	'	'
CASH - end of period	'	'	'

Shareholders_Equity

Shareholders Equity (USD $)	Common Stock	Retained Earnings / Accumulated Deficit	Total
Balance, Value at Jun. 20, 2010	'	'	'
Shares issued for services, value	$1,000	'	'
Shares issued for services, shares	10,000,000	'	'
Net Loss	'	-5,457	-5,457
Balance, Value at Dec. 31, 2010	1,000	-5,457	-4,457
Balance, Shares at Dec. 31, 2010	10,000,000	'	'
Net Loss	'	-42,693	-42,693
Balance, Value at Dec. 31, 2011	1,000	-48,150	-47,150
Balance, Shares at Dec. 31, 2011	10,000,000	'	'
Net Loss	'	-26,387	-26,387
Balance, Value at Dec. 31, 2012	1,000	-74,537	-73,537
Balance, Shares at Dec. 31, 2012	10,000,000	'	'
Net Loss	'	-25,993	-25,933
Balance, Value at Dec. 31, 2013	$1,000	($100,470)	($99,470)
Balance, Shares at Dec. 31, 2013	10,000,000	'	'

NOTE_1_ORGANIZATION_AND_DESCRI

NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS	'
	NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS
	Apex 1, Inc. (formerly known as OZ Saferooms Technologies, Inc.), (the “Company”), was incorporated under the laws of the State of Delaware on June 21, 2010 and has been inactive since inception. The Company intends to serve as a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. On April 21, 2011, the Company underwent a change of ownership when OZ Saferooms Technologies, Inc. (an Oklahoma corporation), (OZ-OK), purchased 100% of the Company’s common stock from the Company’s then sole shareholder. Accordingly, the Company is a wholly owned subsidiary of OZ-OK. Subsequent to the acquisition of the Company’s common stock by OZ-OK, the Company changed its name to that of its new parent entity. On December 23, 2013, the Company changed its name to Apex 1, Inc. which was its original incorporation name.

NOTE_2_SUMMARY_OF_SIGNIFICANT_

NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation - Development Stage Company
	The Company is a development stage company as defined by ASC 915-10, "DEVELOPMENT STAGE ENTITIES." All losses accumulated since inception have been considered as part of the Company's development stage activities.
	The Company has not earned any revenue from operations. Among the disclosures required are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity and cash flows disclose activity since the date of the Company’s inception.
	Accounting Method
	The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31.
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.
	Cash Equivalents
	The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents.
	Income Taxes
	Income taxes are accounted for under the asset and liability method as stipulated by ASC 740, "ACCOUNTING FOR INCOME TAXES". Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities or a change in tax rate is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced to estimated amounts to be realized by the use of the valuation allowance. A valuation allowance is applied when in management's view it is more likely than not (50%) that such deferred tax will not be utilized.
	The Company has adopted certain provisions under ASC 740, which provide interpretative guidance for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Effective with the Company's adoption of these provisions, interest related to the unrecognized tax benefits is recognized in the financial statements as a component of income taxes.
	The adoption of ASC 740 did not have an impact on the Company's financial position and results of operations.
	In the unlikely event that an uncertain tax position exists in which the Company could incur income taxes, the Company would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. Reserve for uncertain tax positions would then be recorded if the Company determined it is probable that a position would be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimable. As of December 31, 2013, the Company does not believe it has any uncertain tax positions that would result in the Company having a liability to the taxing authorities. The Company's tax returns are subject to examination by the federal and state tax authorities for the years ended December 31, 2013, 2012 and 2011.
	Basic Earnings (Loss) per Share
	The Company follows ASC 260-10, "EARNINGS PER SHARE" in calculating the basic and diluted loss per share. The Company computes basic loss per share by dividing net loss and net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted loss per share considers the effect of common equivalent shares. There were no common share equivalents at December 31, 2013 and 2012.
	Financial Instruments
	The Company has adopted the provisions of ASC 820, "FAIR VALUE MEASUREMENTS AND DISCLOSURES", ASC 820 defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques used to measure
	fair value, as required by ASC 820, must maximize the use of observable inputs and minimize the use of unobservable inputs.
	The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The Company's assessment of the significance of a particular input to the fair value measurements requires judgment, and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.
		·	Level 1 - Quoted prices in active markets for identical assets or liabilities.
		·	Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
		·	Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	Impact of New Accounting Standards
	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

NOTE_3_GOING_CONCERN

NOTE 3.  GOING CONCERN	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
NOTE 3.  GOING CONCERN	'
	NOTE 3.  GOING CONCERN
	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.
	The financial statements have been prepared on a going concern basis, and do not reflect any adjustments related to the uncertainty surrounding our recurring losses or accumulated deficit. The Company currently has no revenue source and is incurring losses. These factors raise substantial doubt about our ability to continue as a going concern. Management plans to finance the Company's operations through the issuance of equity and debt securities. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE_4_RELATED_PARTY_TRANSACTI

NOTE 4. RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
NOTE 4. RELATED PARTY TRANSACTIONS	'
	NOTE 4. RELATED PARTY TRANSACTIONS
	On April 21, 2011, pursuant to a “Share Purchase Agreement”, OZ Saferooms Technologies, Inc., an Oklahoma corporation (OZ-OK), purchased 100% of the Company’s common stock. Accordingly, the Company is a wholly owned subsidiary of OZ-OK. As of December 31, 2013 and 2012, OZ-OK advanced the Company $98,938 and $68,037, respectively, to pay for operational expenses.

NOTE_5_SHAREHOLDERS_EQUITY

NOTE 5.   SHAREHOLDER'S EQUITY	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
NOTE 5.   SHAREHOLDER'S EQUITY	'
	NOTE 5.   SHAREHOLDER’S EQUITY
	In year 2011, the Company amended its articles of incorporation to increase the number of authorized common shares to 250,000,000 from the previous amount of 100,000,000.
	Upon the Company’s formation, the Board of Directors issued 10,000,000 shares of common stock for $1,000 in services to the founding shareholder of the Company.
	The 2013 and 2012 stockholders’ equity section of the Company’s balance sheet contains the following classes of capital stock as of December 31, 2013 and 2012.
	Common stock, $ 0.0001 par value: 100,000,000 shares authorized; 10,000,000 shares issued and outstanding.
	Preferred stock, $ 0.0001 par value: 5,000,000 shares authorized; but not issued and outstanding.

NOTE_6_INCOME_TAXES

NOTE 6 - INCOME TAXES	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
NOTE 6 - INCOME TAXES	'
	NOTE 6 - INCOME TAXES
	A reconciliation of the differences between the effective income tax rate and the statutory federal tax rate for the years ended December 31, 2013 and 2012 are as follows:
			2013		2012
	Tax benefit at U.S. statutory rate		34.00%		34.00%
	State taxes, net of federal benefit		-		-
	Change in valuation allowance		-34		-34
			- %		- %
	The tax effect of temporary differences that give rise to the deferred tax asset and liabilities at December 31, 2013 and 2012 consisted of the following:
			December 31,		December 31,
			2013		2012
	Deferred Tax Assets
	Net Operating Loss	$	34,160	$	25,343
	Carryforward
	Total Non-current Deferred Tax Asset
	Non-current Deferred Tax		-		-
	Liabilities
	Net Non-current Deferred Tax Asset
	Asset		-34,160		-25,343
	Valuation Allowance
	Total Net Deferred Tax Asset	$	-	$	-
	As of December 31, 2013 and 2012, the Company had a net operating loss carry forward $100,470 and $74,537, respectively, for income tax reporting purposes that may be offset against future taxable income through 2033. Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the NOL amount available to offset future taxable income may be limited. No tax asset has been reported in the financial statements, because the Company believes there is a 50% or greater chance the carry forwards will expire unused.
	Accordingly, the potential tax benefits of the loss carry-forwards are offset by a valuation allowance of the same amount.

NOTE_7_SUBSEQUENT_EVENTS

NOTE 7 - SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
NOTE 7 - SUBSEQUENT EVENTS	'
	NOTE 7 – SUBSEQUENT EVENTS
	Management has evaluated subsequent events up to and including April 8, 2014, which is the date the financial statements were available for issuance, and determined there are no subsequent event disclosures

NOTE_2_SUMMARY_OF_SIGNIFICANT_1

NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Presentation - DevelopmentStage Company	'
	Basis of Presentation - Development Stage Company
	The Company is a development stage company as defined by ASC 915-10, "DEVELOPMENT STAGE ENTITIES." All losses accumulated since inception have been considered as part of the Company's development stage activities.
	The Company has not earned any revenue from operations. Among the disclosures required are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity and cash flows disclose activity since the date of the Company’s inception.
Accounting Method	'
	Accounting Method
	The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.
Cash Equivalents	'
	Cash Equivalents
	The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents.
Income Taxes	'
	Income Taxes
	Income taxes are accounted for under the asset and liability method as stipulated by ASC 740, "ACCOUNTING FOR INCOME TAXES". Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities or a change in tax rate is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced to estimated amounts to be realized by the use of the valuation allowance. A valuation allowance is applied when in management's view it is more likely than not (50%) that such deferred tax will not be utilized.
	The Company has adopted certain provisions under ASC 740, which provide interpretative guidance for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Effective with the Company's adoption of these provisions, interest related to the unrecognized tax benefits is recognized in the financial statements as a component of income taxes.
	The adoption of ASC 740 did not have an impact on the Company's financial position and results of operations.
	In the unlikely event that an uncertain tax position exists in which the Company could incur income taxes, the Company would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. Reserve for uncertain tax positions would then be recorded if the Company determined it is probable that a position would be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimable. As of December 31, 2013, the Company does not believe it has any uncertain tax positions that would result in the Company having a liability to the taxing authorities. The Company's tax returns are subject to examination by the federal and state tax authorities for the years ended December 31, 2013, 2012 and 2011.
Basic Earnings (Loss) per Share	'
	Basic Earnings (Loss) per Share
	The Company follows ASC 260-10, "EARNINGS PER SHARE" in calculating the basic and diluted loss per share. The Company computes basic loss per share by dividing net loss and net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted loss per share considers the effect of common equivalent shares. There were no common share equivalents at December 31, 2013 and 2012.
Financial Instruments	'
	Financial Instruments
	The Company has adopted the provisions of ASC 820, "FAIR VALUE MEASUREMENTS AND DISCLOSURES", ASC 820 defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques used to measure
	fair value, as required by ASC 820, must maximize the use of observable inputs and minimize the use of unobservable inputs.
	The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The Company's assessment of the significance of a particular input to the fair value measurements requires judgment, and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.
		·	Level 1 - Quoted prices in active markets for identical assets or liabilities.
		·	Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
		·	Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Impact of New Accounting Standards	'
	Impact of New Accounting Standards
	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.

NOTE_6_INCOME_TAXES_Tables

NOTE 6 - INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Rate	'
			2013		2012
	Tax benefit at U.S. statutory rate		34.00%		34.00%
	State taxes, net of federal benefit		-		-
	Change in valuation allowance		-34		-34
			- %		- %
Deferred Tax Assets	'
			December 31,		December 31,
			2013		2012
	Deferred Tax Assets
	Net Operating Loss	$	34,160	$	25,343
	Carryforward
	Total Non-current Deferred Tax Asset
	Non-current Deferred Tax		-		-
	Liabilities
	Net Non-current Deferred Tax Asset
	Asset		-34,160		-25,343
	Valuation Allowance
	Total Net Deferred Tax Asset	$	-	$	-

NOTE_5_SHAREHOLDERS_EQUITY_Det

NOTE 5. SHAREHOLDER'S EQUITY (Details)	12 Months Ended
	Dec. 31, 2011
Note 5. Shareholders Equity Details	'
Increase in Number of Common Stock Shares Authorized	250,000,000

NOTE_6_INCOME_TAXES_Details

NOTE 6. INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Note 6. Income Taxes Details	'	'
Tax benefit at U.S statutory rate	34.00%	34.00%
State taxes, net of federal benefit	-34.00%	-34.00%

NOTE_6_INCOME_TAXES_Details_Na

NOTE 6. INCOME TAXES (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Note 6. Income Taxes Details Narrative	'	'
Net Operating Loss Carryforwards	$34,160	$25,343
Total Non-current Deferred Tax Assets	34,160	25,343
Net Non-current Deferred Tax Asset	34,160	25,343
Valuation allowance	($34,160)	($25,343)