HK Apollo Motors 10-Q 20 Feb 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Feb. 08, 2018	Dec. 31, 2017
Details
Registrant Name		Apollo Acquisition Corp
Registrant CIK		1,505,367
SEC Form		10-Q
Period End date		Dec. 31, 2017
Fiscal Year End		--06-30
Trading Symbol		apol
Number of common stock shares outstanding	998,275
Filer Category		Smaller Reporting Company
Current with reporting		Yes
Voluntary filer		No
Well-known Seasoned Issuer		No
Amendment Flag		false
Document Fiscal Year Focus		2,018
Document Fiscal Period Focus		Q2
Contained File Information, File Number		000-54179
Entity Incorporation, State Country Name		Cayman Islands
Entity Address, Address Line One		800 E. Colorado Blvd., Suite 888
Entity Address, City or Town		Pasadena
Entity Address, State or Province		CA
Entity Address, Postal Zip Code		91,101
City Area Code		(626)
Local Phone Number		683-9120
Entity Listing, Par Value Per Share	$ 0.000128

Condensed Balance Sheets (Decem

Condensed Balance Sheets (December 31, 2017 unaudited) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
CURRENT ASSETS
Cash	$ 3,929	$ 13,193
Total current assets	3,929	13,193
TOTAL ASSETS	3,929	13,193
CURRENT LIABILITIES
Accounts payable	5,445	2,404
Accounts payable - related party	215,664	213,261
Accrued expenses	7,070	7,070
Loan from ACI	65,000	65,000
Accrued interest	3,327	2,352
Total current liabilities	296,506	290,086
SHAREHOLDERS' DEFICIT
Preferred Stock, Value	0	0
Common Stock, Value	128	128
Additional paid in capital	8,796	8,796
Accumulated deficit	(301,501)	(285,817)
Total shareholders' deficit	(292,577)	(276,893)
Total liabilities and shareholders' deficit	$ 3,929	$ 13,193

Condensed Balance Sheets (Dece3

Condensed Balance Sheets (December 31, 2017 unaudited) - Parenthetical - $ / shares	Dec. 31, 2017	Jun. 30, 2017
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Preferred Stock, Shares Authorized	781,250	781,250
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Common Stock, Shares Authorized	39,062,500	39,062,500
Common Stock, Shares, Outstanding	998,275	998,275
Common Stock, Shares, Issued	998,275	998,275

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Details
Revenues	$ 0	$ 0	$ 0	$ 0
Expenses
Formation, general and administrative expenses	6,459	7,785	14,709	20,419
Total operating expenses	(6,459)	(7,785)	(14,709)	(20,419)
Operation Loss	(6,459)	(7,785)	(14,709)	(20,419)
Other income and expense
Interest expense	(488)	(338)	(975)	(618)
Net loss	$ (6,946)	$ (8,122)	$ (15,684)	$ (21,038)
Basic and diluted loss per share	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.02)
Weighted Average Number of 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, 2017	Dec. 31, 2016
Operating Activities
Net loss	$ (15,684)	$ (21,038)
Changes in operating assets and liabilities
Accounts payable	3,041	7,785
Accounts payable - related party	2,403	0
Accrued expenses	0	0
Accrued interest	975	619
Net cash used in operating activities	(9,264)	(2,634)
Loan from related party - ACI	0	10,000
Financing Activities
Net cash provided by financing activities	0	0
Net increase (decrease) in cash	(9,264)	(2,634)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	13,193	11,477
Cash and Cash Equivalents, at Carrying Value, Ending Balance	3,929	8,843
Supplemental disclosures of cash flow information:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Note 1 - Organization, Business

Note 1 - Organization, Business and Operations	6 Months Ended
	Dec. 31, 2017
Notes
Note 1 - 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 “Access America”), and Sword Dancer, LLC, a Nevada limited liability company (the “Sword Dancer”), entered into and closed a Stock Purchase Agreement, whereby the Sword Dancer agreed to purchase from the Access America, 781,250 ordinary shares of the Company’s capital stock, par value $0.000128 per share (“Ordinary Shares”), 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 the transaction, Sword Dancer became our controlling stockholder. On March 20, 2013, Sword Dancer sold to Hybrid Kinetic Automotive Holdings, LLC, a Delaware corporation (“Hybrid Kynetic”), in a private transaction exempt from registration under the Securities Act of 1933, as amended, 781,250 Ordinary Shares 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 sold 781,250 Ordinary 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 the 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 (“Lianyungang China”), pursuant to which the Company issued 20,000,000 Ordinary Shares of the Company to Lianyungang China at a price of $1.00 per share, for aggregate proceeds equal to $20,000,000. As a result of the transaction, Lianyungang China beneficially owned approximately 95.24% of the Company’s issued and outstanding Ordinary Shares. 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 (“Ford Cheer”). Under the terms of the Agreement, Ford Cheer granted to the Company an irrevocable, exclusive right and license, including the right to sublicense, certain inventions, technology, know-how, patents and other intellectual property rights regarding the production of materials for use in lithium batteries (the “Licensed Technology”). As consideration for the Licensed Technology, the Company paid to Ford Cheer a one-time fee of $20,000,000. The TL Agreement commenced on the Effective Date and will continue for a term of twenty (20) years. On March 23, 2015, the Company entered into a Securities Purchase Agreement (the “SPA”) with HK Battery Technology, Inc., a Delaware corporation (the “HK Battery”), to purchase 10,000,000 shares of HK Battery’s common stock, par value of $0.001 per share, at a per share price of $1.00. On June 26, 2015, the parties terminated the SPA. Effective May 29, 2015, Chuantao Wang, Jianguo Xu, Tim Xia, Junwen Hou, Sijun He, Xiaodong Yan and Vincent Wang all resigned as Directors; Jianguo Xu resigned as Chief Executive Officer; and Chunhua Huang resigned as Chief Financial Officer. Effective May 29, 2015, Jiafu Wei and Cliff Guan were appointed as Directors of the Company; Jiafu Wei was appointed Chief Executive Officer; Cliff Guan was appointed Chief Financial Officer; Chunhua Huang was appointed Chief Intelligence Officer; and Shuning Luo was appointed Secretary. On June 22, 2015, the Company established a wholly-owned subsidiary, Apollo Technology Corporation, a Cayman Islands Exempted Company (“Apollo Subsidiary”) and transferred the $20,000,000, representing other intangible assets, to Apollo 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 100% of its equity interest in Apollo Subsidiary to Lianyungang (the “Apollo Subsidiary Transfer”). In exchange for the Apollo Subsidiary Transfer, Lianyungang transferred, conveyed and assigned its 95.26% equity interest in the Company to the Company for cancellation. Upon the closing of the transaction, ACI beneficially owned 78.3% of the Company’s issued and outstanding Ordinary Shares. Effective as of September 2, 2015, Jiafu Wei resigned as Chief Executive Officer and Director the Company and Jianguo Xu was appointed as Chief Executive Officer and Director of the Company. Effective as of October 31, 2015, Cliff Guan resigned as Chief Financial Officer of the Company and Jianguo Xu was appointed Chief Financial Officer of the Company. On November 6, 2015, ACI entered into a Stock Purchase Agreement with Hybrid Kinetic, pursuant to which ACI sold to Hybrid Kynetic 781,250 Ordinary Shares of the Company at a purchase price of $1.00 per share (the “Stock Purchase”). The Stock Purchase was a private transaction exempt from registration under the Securities Act of 1933, as amended. Upon the closing of the Stock Purchase, the Hybrid Kynetic was the beneficial owner of approximately 78.3% of the Company’s issued and outstanding Ordinary Shares. Hybrid Kynetic 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, 2017, the Company had not yet commenced operations. All activity from September 27, 2006, the Company’s date of inception, through December 31, 2017 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.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2017
Notes
Note 2 - 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. The Company also follows the accounting guidelines for accounting for reporting in Development Stage Enterprises in preparing its financial statements. These condensed financial statements should be read in conjunction with the audited financial statements included in our Form 10-K for the year ended June 30, 2017, filed with the Securities and Exchange Commission on September 28, 2017. 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, 2017 and June 30, 2017, 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. 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 1 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, 2017, the Company had other intangible assets that would require measurement on a recurring basis based on this guidance. 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, 2017 and June 30, 2017, 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, 2017. 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.

Note 3 - Going Concern

Note 3 - Going Concern	6 Months Ended
	Dec. 31, 2017
Notes
Note 3 - 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 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.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions	6 Months Ended
	Dec. 31, 2017
Notes
Note 4 - Related Party Transactions	Note 4 – Related Party Transactions During the six month periods ended December 31, 2017 and 2016, ACI paid $2,403 and $0, respectively, in legal fees on behalf of the Company. As of December 31, 2017 and June 30, 2017, the company had a balance of $215,664 and $213,261, respectively, on Accounts Payable to ACI.

Note 5 - Shareholders' Deficit

Note 5 - Shareholders' Deficit	6 Months Ended
	Dec. 31, 2017
Notes
Note 5 - Shareholders' Deficit	Note 5 – Shareholders’ Deficit On February 17, 2015, the Company entered into a Securities Purchase Agreement (the “Agreement”) with Lianyungang China, pursuant to which the Company issued 20,000,000 Ordinary Shares of the Company to Lianyungang China at a price of $1.00 per share, for aggregate proceeds equal to $20,000,000. As a result of the transaction, Lianyungang China beneficially owned approximately 95.24% of the Company’s issued and outstanding Ordinary Shares. The shares were be issued to Lianyungang China, 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 Lianyungang China. Cash commissions were not paid in connection with the sale of the shares. On June 22, 2015, the Company transferred $20,000,000, representing other intangible assets, to Apollo 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 100% of its equity interest in Apollo Subsidiary to Lianyungang (the “Apollo Subsidiary Transfer”). In exchange for the Apollo Subsidiary Transfer, Lianyungang transferred, conveyed and assigned its 95.26% equity interest in the Company to the Company for cancellation. Upon the closing of the transaction, ACI beneficially owned 78.3% of the Company’s issued and outstanding Ordinary Shares. The Company is authorized to issue 39,062,500 Ordinary Shares, par value of $0.000128 per share. As of December 31, 2017, there are 998,275 shares issued and outstanding. 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, 2017, there were no Preference Shares issued or outstanding.

Note 6 - Other Intangible Asset

Note 6 - Other Intangible Assets	6 Months Ended
	Dec. 31, 2017
Notes
Note 6 - Other Intangible Assets	Note 6 — Other Intangible Assets 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 (“Ford Cheer”). Under the terms of the Agreement, Ford Cheer granted to the Company an irrevocable, exclusive right and license, including the right to sublicense, certain inventions, technology, know-how, patents and other intellectual property rights regarding the production of materials for use in lithium batteries (the “Licensed Technology”). As consideration for the Licensed Technology, the Company paid to Ford Cheer a one-time fee of $20,000,000. The TL Agreement commenced on the Effective Date and will continue for a term of twenty (20) years. On June 22, 2015, pursuant to the Exchange Agreement with Lianyungang, the Company transferred, conveyed and assigned 100% of its equity interest in Apollo Subsidiary to Lianyungang (the “Apollo Subsidiary Transfer”). In exchange for the Apollo Subsidiary Transfer, Lianyungang transferred, conveyed and assigned its 95.26% equity interest in the Company to the Company for cancellation. Upon the closing of the transaction, ACI beneficially owned 78.3% of the Company’s issued and outstanding Ordinary Shares. As December 31, 2017 and 2016, the balance of other intangible assets is $0.

Note 7 - Loan from Related Part

Note 7 - Loan from Related Party	6 Months Ended
	Dec. 31, 2017
Notes
Note 7 - Loan from Related Party	Note 7 - Loan from Related Party On March 18, 2015, the Company issued a Demand Promissory Note to ACI in the principal amount of $5,000 (the “March 2015 Note”) in order to cover the Company’s operating expenses. The March 2015 Note accrued interest equal to three percent (3%) per annum and is due upon demand from ACI. On June 5, 2015, the Company issued a Demand Promissory Note to ACI in the principal amount of 10,000 (the “June 2015 Note”) in order to cover the Company’s operating expenses. The June 2015 Note accrues interest equal to three percent (3%) per annum and is due upon demand from ACI. On November 18, 2015, the Company issued a Demand Promissory Note to ACI in the principal amount of 20,000 (the “November 2015 Note”) in order to cover the Company’s operating expenses. The November 2015 Note accrues interest equal to three percent (3%) per annum and is due upon demand from ACI. On September 9, 2016, the Company issued a Demand Promissory Note to ACI in the principal amount of 10,000 (the “September 2016 Note”) in order to cover the Company’s operating expenses. The September 2016 Note accrues interest equal to three percent (3%) per annum and is due upon demand from ACI. On January 23, 2017, the Company issued a Demand Promissory Note to ACI in the principal amount of 10,000 (the “January 2017 Note”) in order to cover the Company’s operating expenses. The January 2017 Note accrues interest equal to three percent (3%) per annum and is due upon demand from ACI. On May 9, 2017, the Company issued a Demand Promissory Note to ACI in the principal amount of 10,000 (the “May 2017 Note”, and together with the March 2015 Note, June 2015 Note, November 2015 Note, September 2016 Note and January 2017 Note, the “Notes”) in order to cover the Company’s operating expenses. The May 2017 Note accrues interest equal to 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, 2017, the balance of the Notes to ACI was $65,000. The total accrued interest was $3,327 and $2,352 for the quarter ended December 31, 2017 and the year ended June 30, 2017, respectively. The Notes are payable on demand and there is no maturity date. ACI and the Company are related parties.

Note 8 - Securities Purchase Ag

Note 8 - Securities Purchase Agreement	6 Months Ended
	Dec. 31, 2017
Notes
Note 8 - Securities Purchase Agreement	Note 8 – Securities Purchase Agreements On February 17, 2015, the Company entered into a Securities Purchase Agreement (the “Agreement”) with Lianyungang China, pursuant to which the Company issued 20,000,000 Ordinary Shares of the Company to Lianyungang China at a price of $1.00 per share, for aggregate proceeds equal to $20,000,000. On March 17, 2015, the transactions contemplated under the Agreement were consummated. On March 23, 2015, the Company entered into a Securities Purchase Agreement (the “SPA”) HK Battery to purchase 10,000,000 shares of HK Battery’s common stock, par value of $0.001 per share, at a per share price of $1.00. On June 26, 2015, the parties terminated the SPA. On November 6, 2015, ACI entered into a Stock Purchase Agreement with Hybrid Kinetic, pursuant to which ACI sold to Hybrid Kynetic 781,250 Ordinary Shares of the Company at a purchase price of $1.00 per share.

Note 9 - Subsequent Events

Note 9 - Subsequent Events	6 Months Ended
	Dec. 31, 2017
Notes
Note 9 - Subsequent Events	Note 9 – Subsequent Event These financial statements were approved by management and available for issuance on February 20, 2018. There have been no subsequent events through this date.

Note 2 - Summary of Significa15

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2017
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. The Company also follows the accounting guidelines for accounting for reporting in Development Stage Enterprises in preparing its financial statements. These condensed financial statements should be read in conjunction with the audited financial statements included in our Form 10-K for the year ended June 30, 2017, filed with the Securities and Exchange Commission on September 28, 2017.

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Dec. 31, 2017
Policies
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.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Loss per Ordinary Share (Policies)	6 Months Ended
	Dec. 31, 2017
Policies
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, 2017 and June 30, 2017, there were no potentially dilutive ordinary shares outstanding.

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	6 Months Ended
	Dec. 31, 2017
Policies
Income Taxes	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. 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 1 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, 2017, the Company had other intangible assets that would require measurement on a recurring basis based on this guidance.

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies: Cash (Policies)	6 Months Ended
	Dec. 31, 2017
Policies
Cash	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, 2017 and June 30, 2017, 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, 2017.

Note 2 - Summary of Significa20

Note 2 - Summary of Significant Accounting Policies: Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Dec. 31, 2017
Policies
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.

Note 1 - Organization, Busine21

Note 1 - Organization, Business and Operations (Details)	6 Months Ended
	Dec. 31, 2017
Details
Entity Incorporation, Date of Incorporation	Sep. 27, 2006
Entity Incorporation, State Country Name	Cayman Islands

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies: Loss per Ordinary Share (Details) - shares	Dec. 31, 2017	Jun. 30, 2017
Details
Potentially dilutive ordinary shares outstanding	0	0

Note 4 - Related Party Transa23

Note 4 - Related Party Transactions (Details) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Details
Balance due to affiliate company	$ 215,664	$ 213,261

Note 5 - Shareholders' Deficit

Note 5 - Shareholders' Deficit (Details) - $ / shares	Dec. 31, 2017	Jun. 30, 2017
Details
Common Stock, Shares Authorized	39,062,500	39,062,500
Common Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Common Stock, Shares, Outstanding	998,275	998,275
Preferred Stock, Shares Authorized	781,250	781,250
Preferred Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128

Note 7 - Loan from Related Pa25

Note 7 - Loan from Related Party (Details) - USD ($)	6 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Loan from ACI	$ 65,000	$ 65,000
Accrued interest	$ 3,327	$ 2,352
Note 1
Debt Instrument, Issuance Date	Mar. 18, 2015
Debt Instrument, Issuer	Company
Debt Instrument, Description	Demand Promissory Note to ACI
Debt Instrument, Face Amount	$ 5,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Note 2
Debt Instrument, Issuance Date	Jun. 5, 2015
Debt Instrument, Issuer	Company
Debt Instrument, Description	Demand Promissory Note to ACI
Debt Instrument, Face Amount	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Note 3
Debt Instrument, Issuance Date	Nov. 18, 2015
Debt Instrument, Issuer	Company
Debt Instrument, Description	Demand Promissory Note to ACI
Debt Instrument, Face Amount	$ 20,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Note 4
Debt Instrument, Issuance Date	Sep. 9, 2016
Debt Instrument, Issuer	Company
Debt Instrument, Description	Demand Promissory Note to ACI
Debt Instrument, Face Amount	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Note 5
Debt Instrument, Issuance Date	Jan. 23, 2017
Debt Instrument, Issuer	Compan
Debt Instrument, Description	Demand Promissory Note to ACI
Debt Instrument, Face Amount	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Note 6
Debt Instrument, Issuance Date	May 9, 2017
Debt Instrument, Issuer	Company
Debt Instrument, Description	Demand Promissory Note to ACI
Debt Instrument, Face Amount	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%

Note 8 - Securities Purchase 26

Note 8 - Securities Purchase Agreement (Details)	6 Months Ended
	Dec. 31, 2017
Transaction !
Transaction Date	Feb. 17, 2015
Transaction Description	Company entered into a Securities Purchase Agreement (the “Agreement”) with Lianyungang China
Transaction 2
Transaction Date	Mar. 23, 2015
Transaction Description	Company entered into a Securities Purchase Agreement (the “SPA”) HK Battery
Transaction 3
Transaction Date	Nov. 6, 2015
Transaction Description	ACI entered into a Stock Purchase Agreement with Hybrid Kinetic