HK Apollo Motors 10-Q 16 Feb 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2015	Feb. 02, 2016
Document and Entity Information:
Entity Registrant Name	Apollo Acquisition Corp
Entity Trading Symbol	apol
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Entity Central Index Key	1,505,367
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		998,275
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Dec. 31, 2015	Jun. 30, 2015
CURRENT ASSETS
Cash	$ 19,470	$ 6,000
Total current assets	19,470	6,000
TOTAL ASSETS	19,470	6,000
CURRENT LIABILITIES
Accounts payable	478	0
Accounts payable - related party	217,011	201,760
Accrued expenses	7,070	7,070
Loan from ACI	35,000	15,000
Accrued interest	358	63
Total current liabilities	259,917	223,893
SHAREHOLDERS' DEFICIT
Preference shares, $0.000128 par value, 781,250 shares authorized, none issued and outstanding.	0	0
Ordinary shares, $0.000128 par value; 39,062,500 shares authorized; 20,998,275 shares and 998,275 shares issued and outstanding as of December 31, 2015 and June 30, 2015, respectively.	128	128
Additional paid in capital	8,796	8,796
Accumulated deficit	(249,371)	(226,817)
Total shareholders' deficit	(240,447)	(217,893)
Total liabilities and shareholders' deficit	$ 19,470	$ 6,000

Condensed Balance Sheets Parent

Condensed Balance Sheets Parentheticals - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Parentheticals
Preferred Stock, par value	$ 0.000128	$ 0.000128
Preferred Stock, shares authorized	781,250	781,250
Ordinary shares, par value	$ 0.000128	$ 0.000128
Ordinary shares, authorized	39,062,500	39,062,500
Ordinary shares, issued	20,998,275	998,275
Ordinary shares, outstanding	$ 20,998,275	$ 998,275

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Revenues {1}
Revenues	$ 0	$ 0	$ 0	$ 0
Expenses
Formation, general and administrative expenses	14,303	11,250	22,259	14,500
Total operating expenses	(14,303)	(11,250)	(22,259)	(14,500)
Other income and expense
Interest expense	(183)	0	(295)	0
Operation Loss	(14,303)	(11,250)	(22,259)	(14,500)
Income tax expense	0	0	0	0
Net loss	$ (14,485)	$ (11,250)	$ (22,554)	$ (14,500)
Basic and diluted loss per share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Weighted average ordinary shares outstanding- Basic and diluted	998,275	998,275	998,275	998,275

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net loss	$ (22,554)	$ (14,500)
Changes in operating assets and liabilities
Accounts payable - related party	15,251	14,500
Loan from related party - ACI	2,000	0
Accounts payable	478	0
Accrued expenses	295	0
Net cash used in operating activities	13,470	0
Financing Activities
Net cash provided by financing activities	0	0
Net increase (decrease) in cash	0	0
Cash at beginning of the period	6,000	0
Cash at end of the period	19,470	0
Supplemental disclosures of cash flow information:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Organization, Business and Oper

Organization, Business and Operations	6 Months Ended
	Dec. 31, 2015
Organization, Business and Operations
Organization, Business and Operations	Note 1 - Organization, Business and Operations On September 27, 2006, Apollo Acquisition Corporation (the "Company") was formed in the Cayman Islands with the objective to acquire, or merge with, an operating business. On November 15, 2012, the Company, Access America Fund, L.P. (the "Seller"), and Sword Dancer, LLC (the "Purchaser") entered into and closed a Stock Purchase Agreement, whereby the Purchaser agreed to purchase from the Seller, 781,250 ordinary shares of the Company's capital stock, par value $0.000128 per share, representing approximately 78.3% of the issued and outstanding ordinary shares of the Company, for an aggregate purchase price of $33,334. As a result of this transaction, the Purchaser became our controlling stockholder. On March 20, 2013, Sword Dancer, LLC, a Nevada limited liability company ("Sword Dancer") sold to Hybrid Kinetic Automotive Holdings, LLC, a Delaware corporation ("Hybrid Kinetic"), in a private transaction exempt from registration under the Securities Act of 1933, as amended, 781,250 Ordinary Shares of $0.000128 par value of the Company, representing all of the shares of the Company held by Sword Dancer, for an aggregate purchase price of $100,000. As a result, Hybrid Kinetic acquired approximately 78.3% of the Company's common equity. On February 13, 2015, Hybrid Kinetic Automotive Holdings, LLC, a Delaware limited liability company ("Hybrid Kinetic") sold 781,250 ordinary shares, par value of $0.000128 per share (the "Purchased Shares") of the Company to American Compass, Inc., a California corporation ("ACI"), in a private transaction exempt from registration under the Securities Act of 1933, as amended, for an aggregate purchase price of $781,250. As a result of such transaction, ACI was the beneficial owner of approximately 78.3% of the Company's issued and outstanding ordinary shares. On February 17, 2015, the Company entered into a Securities Purchase Agreement (the "Agreement") with Lianyungang HK New Energy Vehicle System Integration Corporation, a company organized under the laws of the People's Republic of China (the "Investor"), for gross proceeds equal to an aggregate of $20,000,000 in exchange for the issuance of 20,000,000 ordinary shares of the Company, par value of $0.000128 per share (the "Shares"), at a per share price of $1.00. On March 17, 2015, the Company received the gross proceeds of $20,000,000 from the Investor and the Company issued the Shares to the Investor. The Shares constitute "restricted securities" within the meaning of Rule 144 of the Securities Act of 1933, as amended, and may not be sold, pledged, or otherwise disposed of by the Purchaser without restriction under the Securities Act and state securities laws. Effective May 29, 2015, Chuantao Wang, Jianguo Xu, Tim Xia, Junwen Hou, Sijun He, Xiaodong Yan and Vincent Wang all resigned as Directors. Effective May 29, 2015, Jianguo Xu resigned as CEO and Chunhua Huang resigned as CFO. Effective May 29, 2015, Jiafu Wei and Cliff Guan were both appointed as Directors of the Company. Effective May 29, 2015, Jiafu Wei was appointed CEO, Cliff Guan was appointed CFO, Chunhua Huang was appointed CIO and Shuning Luo was appointed Secretary. Effective as of September 2, 2015, Jiafu Wei resigned as CEO and Director the “Company. Also effective as of September 2, 2015, Jianguo Xu was appointed as Director and CEO of the Company. Effective as of October 31, 2015, Cliff Guan resigned as CFO of the Company. Also effective as of October 31, 2015, Jianguo Xu was appointed CFO of the Company. On March 18, 2015 (the "TL Effective Date"), the Company entered into a Technology License Agreement (the "TL Agreement") with Ford Cheer International Limited, a company organized and existing under the laws of Hong Kong ("Licensor"). Under the terms of the Agreement the Licensor grants to the Company an irrevocable exclusive right and license, including the right to sublicense, the certain inventions, technology, know-how, patents and other intellectual property rights regarding the production of materials for use in lithium batteries (the "License Technology"). As consideration for the license granted under the Agreement, the Company will pay to the Licensor a one-time fee of $20,000,000 within thirty (30) days of the TL Effective Date. The agreement will commence on the Effective Date and will continue for a term of twenty (20) years. On June 22, 2015, the Company established a wholly-owned subsidiary, Apollo Technology Corporation, and transferred the $20,000,000 other intangible assets under this subsidiary. On June 26, 2015, the Company entered into a Common Stock Exchange Agreement (the “Exchange Agreement”) with Lianyungang Corporation, a Cayman Islands Exempted Company (“Lianyungang”). Pursuant to the Exchange Agreement, the Company transferred, conveyed and assigned one hundred percent of its equity interest in Apollo Technology Corporation, a Cayman Islands Exempted Company, to Lianyungang (the “Apollo Technology Transfer”). In exchange for the Apollo Technology Transfer, Lianyungang transferred, conveyed and assigned its ninety-five and twenty-six one-hundredths percent (95.26%) equity interest in the Company to the Company for cancellation. Upon closing of the transaction, which took place on June 26, 2015 (the “Exchange Closing Date”), the Company redeemed its ordinary shares, which represented 95.26% of the issued and outstanding ordinary shares just prior to the Exchange Closing Date. As a result, American Compass Inc. owned 78.3% of the Company’s issued and outstanding ordinary shares. American Compass has not advised the Company of any plans to appoint new directors to the Company’s Board of Directors or make any changes to the Company’s management and operations. On March 23, 2015 (the "SPA Effective Date"), the Company entered into a Securities Purchase Agreement (the "SPA") with HK Battery Technology, Inc., a Delaware corporation (the "Seller"), to purchase Ten Million shares of the Seller's common stock, par value of $0.001 per share (the "Shares"), at a per share price of $1.00. On June 26, 2015, the parties terminated the SPA. On November 6, 2015, American Compass, Inc., a California corporation, entered into a Stock Purchase Agreement with Hybrid Kinetic Automotive Holdings, LLC, a Delaware limited liability company (the “Buyer”), to sell to the Buyer 781,250 ordinary shares of stock of the Company at a purchase price of $1.00 per share (the “Stock Purchase”). The Stock Purchase is a private transaction exempt from registration under the Securities Act of 1933, as amended. Upon the closing of the Stock Purchase, the Buyer will be the beneficial owner of approximately 78.3% of the Company’s issued and outstanding ordinary shares. The Buyer has not advised the Company of any plans to appoint new directors to the Company’s Board of Directors or to make any changes to the Company’s management or operations. As of December 31, 2015, the Company had not yet commenced operations. All activity from September 27, 2006 ("Date of Inception") through September 2015 relates to the Company's formation. The Company selected June 30 as its fiscal year-end. The Company, based on its proposed business activities, is a "blank check" company. The Securities and Exchange Commission defines such a company as "a development stage company" as it either has no specific business plan or purpose, or has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies, or other entity or person; and has issued "penny stock", as defined in Rule 3a51-1 under the Securities Exchange Act of 1934. Many states have enacted statutes, rules and regulations limiting the sale of securities of "blank check" companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in its securities, either debt or equity, until the Company concludes a business combination with an operating entity. The Company was organized to acquire a target company or business seeking the perceived advantages of being a publicly-held company and, to a lesser extent that desires to employ the Company's funds in its business. The Company's principal business objective for the next 12 months and beyond will be to achieve long-term growth potential through a business combination rather than short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location. The analysis of new business opportunities will be undertaken by or under the supervision of the officers and directors of the Company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation These condensed financial statements are presented on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America. These condensed financial statements should be read in conjunction with our audited financial statements included in our Form 10-K for the year ended June 30, 2015, filed with the Securities and Exchange Commission on October 14, 2015. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Loss per Ordinary Share Basic loss per ordinary share is based on the weighted effect of ordinary shares issued and outstanding, and is calculated by dividing net loss by the weighted average shares outstanding during the period. Diluted loss per ordinary share is calculated by dividing net loss by the weighted average number of ordinary shares used in the basic loss per share calculation plus the number of ordinary shares that would be issued assuming exercise or conversion of all potentially dilutive ordinary shares outstanding. The Company does not present diluted earnings per share for years in which it incurred net losses as the effect is antidilutive. As of December 31, 2015 & June 30, 2015, there were no potentially dilutive ordinary shares outstanding. Income Taxes Apollo Acquisition Corporation was registered as an Exempted Company in the Cayman Islands, and therefore, is not subject to Cayman Islands income taxes for 20 years from the Date of Inception. While the Company has no intention of conducting any business activities in the United States, the Company would be subject to United States income taxes based on such activities that would occur in the United States. The Company accounts for income taxes using the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. In assessing the realization of deferred tax assets, management considers whether it is likely that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during periods in which those temporary differences become deductible. Fair Value of Financial Instruments Our financial instruments consist of accounts payable and accrued expenses. We believe the fair value of our payables reflects their carrying amounts. The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), "Fair Value Measurements and Disclosures" for financial assets and liabilities. FASB ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level I prices 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 related 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. As of December 31, 2015 Cash Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company's cash is held with local and national banking institutions and subjected to current FDIC insurance limits of $250,000 per banking institution. As of December 31, 2015 and December 31, 2014, the Company bank balances in these bank accounts did not exceed the insured amount. The Company has not experienced any losses related to this concentration of risk. There are no cash equivalents as of December 31, 2015. Recently Issued Accounting Pronouncements In June 2014, the FASB issued ASU No. 2014-10, "Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation". The amendments in this update remove the definition of a development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholder's equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The Company's early adoption of the new standard is not expected to have a material effect on the Company's financial position or results of operations.

Going Concern

Going Concern	6 Months Ended
	Dec. 31, 2015
Going Concern:
Going Concern	Note 3 — Going Concern Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its planned business. Management has plans to seek additional capital through a public or private offering of equity or debt securities, or by other means. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty. There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from the operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on the Company's existing stockholders. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might necessary in the event the Company cannot continue in existence.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2015
Related Party Transactions
Related Party Transactions	Note 4 — Related Party Transactions During the six months ended December 31 December 31

Shareholders' Deficit

Shareholders' Deficit	6 Months Ended
	Dec. 31, 2015
Shareholders' Deficit
Shareholders' Deficit	Note 5 — Shareholders' Deficit On February 17, 2015, the Company entered into a Securities Purchase Agreement (the "Agreement") with Lianyungang HK New Energy Vehicle System Integration Corporation, a company organized under the laws of the People's Republic of China (the "Investor"), for gross proceeds equal to an aggregate of $20,000,000 in exchange for the issuance of 20,000,000 ordinary shares of the Company, par value of $0.000128 per share (the "Shares"), at a per share price of $1.00. The Shares will be issued to the Investor, a non-US person (as that term is defined in Regulation S of the Securities Act of 1933, as amended (the "Act")) in accordance with Rule 506 of Regulation D promulgated under the Act, in that the Company did not engage in any general advertisement or general solicitation in connection with the offering of the Shares, and the Company was available to answer any questions from the Investor. Cash commissions will not be paid in connection with the sale of the Shares. On June 26, 2015, the Company entered into a Common Stock Exchange Agreement (the “Exchange Agreement”) with Lianyungang Corporation, a Cayman Islands Exempted Company (“Lianyungang”). Pursuant to the Exchange Agreement, the Company transferred, conveyed and assigned one hundred percent (100%) of its equity interest in Apollo Technology Corporation, a Cayman Islands Exempted Company, to Lianyungang (the “Apollo Technology Transfer”). In exchange for the Apollo Technology Transfer, Lianyungang transferred, conveyed and assigned its ninety-five and twenty-six one hundredths percent (95.26%) equity interest in the Company to the Company for cancellation. The Company is authorized to issue 39,062,500 Ordinary Shares, par value of $0.000128 per share. As of December 31 The Company is authorized to issue 781,250 Preference Shares, par value of $0.000128 per share, with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. As of December 31

Other Intangible Assets

Other Intangible Assets	6 Months Ended
	Dec. 31, 2015
Other Intangible Asset
Other Intangible Asset	Note 6 — Other Intangible Assets On March 18, 2015 (the "Effective Date"), the Company entered into a Technology License Agreement (the "Agreement") with Ford Cheer International Limited, a company organized and existing under the laws of Hong Kong ("Licensor"). Under the terms of the Agreement the Licensor grants to the Company an irrevocable exclusive right and license, including the right to sublicense, the certain inventions, technology, know-how, patents and other intellectual property rights regarding the production of materials for use in lithium batteries (the "License Technology"). The Agreement will commence on the Effective Date and will continue for a term of twenty (20) years. The Licensed Technology is primarily related to certain know-how that focuses on the preparation method and production of a type of lithium On June 22, 2015, the Company transferred other intangible assets to a wholly-owned subsidiary, Apollo Technology Corporation. On June 26, 2015, the Company entered into a Common Stock Exchange Agreement (the “Exchange Agreement”) with Lianyungang Corporation, a Cayman Islands Exempted Company (“Lianyungang”). Pursuant to the Exchange Agreement, the Company transferred, conveyed and assigned one hundred percent (100%) of its equity interest in Apollo Technology Corporation, a Cayman Islands Exempted Company, to Lianyungang (the “Apollo Technology Transfer”). In exchange for the Apollo Technology Transfer, Lianyungang transferred, conveyed and assigned its ninety-five and twenty-six one hundredths percent (95.26%) equity interest in the Company to the Company for cancellation. As of December 31, 2015 and 2014, the balance of other intangible assets was $0.

Loan from Related Party

Loan from Related Party	6 Months Ended
	Dec. 31, 2015
Loan from Related Party
Loan from Related Party	Note 7 - Loan from Related Party On March 18, 2015, the Company entered into a Demand Promissory Note with ACI, borrowing the amount of $5,000 (the "March Note") in order to cover the Company's operating expenses. The March Note provides for interest of three percent (3%) per annum and is due upon demand from ACI. The Company will use the proceeds of the loan to fund the general and administrative expenses of the Company as the Company does not currently generate any revenues. On June 5, 2015, the Company entered into a Demand Promissory Note with ACI, borrowing the amount of 10,000 (the “June Note”) in order to cover the Company’s operating expenses. The June Note provides for interest of three percent (3%) per annum and is due upon demand from ACI. The Company will use the proceeds of the loan to fund the general and administrative expenses of the Company as the Company does not currently generate any revenues. On November 18, 2015, the Company entered into a Demand Promissory Note with ACI, borrowing the amount of 20,000 (the “November Note” and, together with the March Note and June Note, the “Notes”) in order to cover the Company’s operating expenses. The November Note provides for interest of three percent (3%) per annum and is due upon demand from ACI. The Company will use the proceeds from the Notes to fund the general and administrative expenses of the Company as the Company does not currently generate any revenues. As of December 31, 2015, the balance of the Notes to ACI was $35,000. The total accrued interest was $295 and $0 for the quarter ended December 31, 2015 and 2014, respectively. The Notes are payable on demand and there is no maturity date. ACI and the Company are related parties.

Securities Purchase Agreements

Securities Purchase Agreements	6 Months Ended
	Dec. 31, 2015
Securities Purchase Agreements
Securities Purchase Agreements	Note 8 — Securities Purchase Agreements On February 17, 2015, the Company entered into a Securities Purchase Agreement (the "Agreement") with Lianyungang HK New Energy Vehicle System Integration Corporation, a company organized under the law of the People's Republic of china (the "Investor"), for gross proceeds equal to an aggregate of $20,000,000 in exchange for the issuance of 20,000,000 ordinary shares of the Company, par value of $0.000128 per share (the "Shares"), at a per share price of $1.00. On March 17, 2015, the Company received the gross proceeds of $20,000,000 from the Investor and the Company issued the Shares to the Investor. On March 23, 2015 (the "Effective Date"), the Company entered into a Securities Purchase Agreement (the "SPA") with HK Battery Technology, Inc., a Delaware corporation (the "Seller"), to purchase Ten Million shares of the Seller's common stock, par value of $0.001 per share (the "SPA Shares"), at a per share price of $1.00. On June 26, 2015, the parties terminated the SPA. On November 6, 2015, American Compass, Inc., a California corporation, entered into a Stock Purchase Agreement with Hybrid Kinetic Automotive Holdings, LLC, a Delaware limited liability company (the “Buyer”), to sell to the Buyer 781,250 ordinary shares of stock of the Company for a purchase price of $1.00 per share (the “Stock Purchase”). Upon the closing of the Stock Purchase, the Buyer will be the beneficial owner of approximately 78.3% of the Company’s issued and outstanding ordinary shares.

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2015
Subsequent Events
Subsequent Events	Note 9 — Subsequent Events These financial statements were approved by management and available for issuance on [

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2015
Accounting Policies:
Basis of Presentation	Basis of Presentation These condensed financial statements are presented on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America. These condensed financial statements should be read in conjunction with our audited financial statements included in our Form 10-K for the year ended June 30, 2015, filed with the Securities and Exchange Commission on October 14, 2015.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Loss per Ordinary Share	Loss per Ordinary Share Basic loss per ordinary share is based on the weighted effect of ordinary shares issued and outstanding, and is calculated by dividing net loss by the weighted average shares outstanding during the period. Diluted loss per ordinary share is calculated by dividing net loss by the weighted average number of ordinary shares used in the basic loss per share calculation plus the number of ordinary shares that would be issued assuming exercise or conversion of all potentially dilutive ordinary shares outstanding. The Company does not present diluted earnings per share for years in which it incurred net losses as the effect is antidilutive. As of December 31, 2015 & June 30, 2015, there were no potentially dilutive ordinary shares outstanding.
Income Taxes, Policy	Income Taxes Apollo Acquisition Corporation was registered as an Exempted Company in the Cayman Islands, and therefore, is not subject to Cayman Islands income taxes for 20 years from the Date of Inception. While the Company has no intention of conducting any business activities in the United States, the Company would be subject to United States income taxes based on such activities that would occur in the United States. The Company accounts for income taxes using the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. In assessing the realization of deferred tax assets, management considers whether it is likely that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during periods in which those temporary differences become deductible.
Fair Value of Financial Instruments, Policy	Fair Value of Financial Instruments Our financial instruments consist of accounts payable and accrued expenses. We believe the fair value of our payables reflects their carrying amounts. The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), "Fair Value Measurements and Disclosures" for financial assets and liabilities. FASB ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level I prices 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 related 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. As of December 31, 2015
Cash , Policy	Cash Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company's cash is held with local and national banking institutions and subjected to current FDIC insurance limits of $250,000 per banking institution. As of December 31, 2015 and December 31, 2014, the Company bank balances in these bank accounts did not exceed the insured amount. The Company has not experienced any losses related to this concentration of risk. There are no cash equivalents as of December 31, 2015.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2014, the FASB issued ASU No. 2014-10, "Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation". The amendments in this update remove the definition of a development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholder's equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The Company's early adoption of the new standard is not expected to have a material effect on the Company's financial position or results of operations.

Organization, Business and Op16

Organization, Business and Operations (Details)	Nov. 06, 2015$ / sharesshares	Jun. 26, 2015	Jun. 22, 2015USD ($)	Mar. 23, 2015$ / sharesshares	Mar. 18, 2015USD ($)	Mar. 17, 2015USD ($)	Feb. 17, 2015USD ($)$ / sharesshares	Feb. 13, 2015USD ($)$ / sharesshares	Mar. 20, 2013$ / sharesshares	Nov. 15, 2012USD ($)$ / sharesshares
Organization, Business and Operations Details
Shares purchased by Sword Dancer, LLc | shares										781,250
Company's capital stock par value										$ 0.000128
Percentage of issued and outstanding ordinary shares										78.30%
Aggregate purchase price | $								$ 781,250		$ 33,334
Shares sold by Sword Dancer LLC | shares									781,250
Par value of ordinary shares sold								$ 0.000128	$ 0.000128
Percentage of stock acquired by Hybrid Kinetic									78.30%
Shares of the Company held by Sword Dancer, for an aggregate purchase price									$ 100,000
Shares sold by Hybrid Kinetic | shares								781,250
Beneficial owner	78.30%							78.30%
Gross proceeds | $						$ 20,000,000	$ 20,000,000
Issuance of ordinary shares | shares							20,000,000
Issuance of ordinary shares par value							$ 0.000128
Issuance of ordinary shares at a price							$ 1
Value of other intangible assets transferred to Apollo Technology Corporation, wholly-owned subsidiary | $			$ 20,000,000
Lianyungang transferred the equity interest in the Company to the Company, percent		95.26%
American Compass Inc owned issued and outstanding ordinary shares		78.30%
One-time fee to Licensor within 30 days | $					$ 20,000,000
License agreement in term of years				20	20
Shares purchased by SPA | shares				10,000,000
Shares purchased by SPA par value				$ 0.001
Shares purchased by SPA at a price per share				$ 1
Ordinary shares of stock | shares	781,250
Ordinary shares of stock at a purchase price per share	$ 1

Cash (Details)

Cash (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cash {1}
Company's cash is held with banking institutions and subjected to current FDIC insurance limits	$ 250,000	$ 250,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions Details
Legal and Auditing cost	$ 15,251	$ 14,500
Balance due to ACI	$ 217,011	$ 201,760

Common Shares and Preference sh

Common Shares and Preference share (Details) - USD ($)	Dec. 31, 2015	Jun. 26, 2015	Feb. 17, 2015
Ordinary Shares Transactions
Investor gross proceeds			$ 20,000,000
Ordinary shares issuance			20,000,000
Ordinary shares issuance par value			$ 0.000128
Ordinary shares issuance at a price			$ 1
Lianyungang transferred the equity interest in the Company to the Company, percent		95.26%
Equity interest in Apollo Technology Corporation		100.00%
Ordinary Shares, authorized	39,062,500
Ordinary Shares, par value	$ 0.000128
Ordinary Shares, issued	998,275
Ordinary Shares, outstanding	998,275
Preference Shares Transactions
Preference Shares authorized	781,250
Preference Shares par value	$ 0.000128

Intangible Assets (Details)

Intangible Assets (Details)	Dec. 31, 2015USD ($)	Jun. 26, 2015	Mar. 18, 2015USD ($)	Dec. 31, 2014USD ($)
Intangible Assets
Company will pay to the Licensor a one-time fee			$ 20,000,000
License agreement in term of years			20
Lianyungang transferred the equity interest in the Company to the Company, percent		100.00%
Equity interest in Apollo Technology Corporation		95.26%
Other intangible assets	$ 0			$ 0

Loan from Related Party (Narrat

Loan from Related Party (Narrative) (Details) - USD ($)	Dec. 31, 2015	Nov. 18, 2015	Jun. 05, 2015	Mar. 18, 2015	Dec. 31, 2014
Loan from Related Party (Narrative)
Company entered into a Demand Promissory Note with ACI, borrowing in the amount		$ 20,000	$ 10,000	$ 5,000
The Note provides for interest per annum		3.00%	3.00%	3.00%
Balance of the Notes to ACI	$ 35,000
The total accrued interest for the period	$ 295				$ 0

Securities Purchase Agreements

Securities Purchase Agreements (Narrative) (Details) - USD ($)	Nov. 06, 2015	Mar. 23, 2015	Mar. 17, 2015	Feb. 17, 2015
Securities Purchase Agreements (Narrative)
Company entered into a Securities Purchase Agreement and issued ordinary shares				20,000,000
Gross proceeds received on issuance of shares			$ 20,000,000	$ 20,000,000
Purchase of Seller's common stock		10,000,000
Par value of an amount per share		$ 0.001		$ 0.000128
Per share price of issuance under the agreement		$ 1		$ 1
Ordinary shares of stock	781,250
Ordinary shares of stock at a purchase price per share	$ 1
Beneficial owner	78.30%