HK Apollo Motors 10-K 15 Oct 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	Oct. 15, 2018	Jun. 30, 2018	Dec. 31, 2017
Details
Registrant Name		Apollo Acquisition Corp
Registrant CIK		1,505,367
SEC Form		10-K
Period End date		Jun. 30, 2018
Fiscal Year End		--06-30
Trading Symbol		apol
Number of common stock shares outstanding	998,275
Public Float			$ 0
Filer Category		Non-accelerated Filer
Current with reporting		Yes
Voluntary filer		No
Well-known Seasoned Issuer		No
Shell Company		true
Small Business		true
Emerging Growth Company		false
Amendment Flag		false
Document Fiscal Year Focus		2,018
Document Fiscal Period Focus		FY
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

Balance Sheet

Balance Sheet - USD ($)	Jun. 30, 2018	Jun. 30, 2017
CURRENT ASSETS
Cash	$ 1,716	$ 13,193
Total current assets	1,716	13,193
Total assets	1,716	13,193
CURRENT LIABILITIES
Accounts payable	2,820	2,404
Accounts payable - related party	215,664	213,261
Accrued expenses	7,070	7,070
Loan from ACI	75,000	65,000
Accrued interest	4,442	2,352
Total liabilities (all current)	304,996	290,086
SHAREHOLDERS' DEFICIT
Common Stock, Value	128	128
Additional paid in capital	8,796	8,796
Accumulated deficit	(312,204)	(285,817)
Total stockholders' deficit	(303,280)	(276,893)
Total liabilities and stockholders' deficit	$ 1,716	$ 13,193

Balance Sheet - Parenthetical

Balance Sheet - Parenthetical - $ / shares	Jun. 30, 2018	Jun. 30, 2017
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Capital Shares Reserved for Future Issuance	1,000,000	1,000,000
Common Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	998,275	998,275
Common Stock, Shares, Outstanding	998,275	998,275

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Expenses
Formation, general and administrative expenses	$ 24,297	$ 30,688
Total operating expenses	(24,297)	(30,688)
Other income and expenses
Interest Expense	(2,090)	(1,468)
Net loss	$ (26,387)	$ (32,156)
Basic and diluted loss per share	$ (0.03)	$ (0.03)
Weighted Average Number of Shares Outstanding, Basic and Diluted	998,275	998,275

Statements of Stockholders' Def

Statements of Stockholders' Deficit - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance, Starting at Jun. 30, 2016	$ 128	$ 8,796	$ (253,661)	$ (244,737)
Shares Outstanding, Starting at Jun. 30, 2016	998,275
Net Income (Loss)			(32,156)	(32,156)
Equity Balance, Ending at Jun. 30, 2017	$ 128	8,796	(285,817)	(276,893)
Shares Outstanding, Ending at Jun. 30, 2017	998,275
Net Income (Loss)			(26,387)	(26,387)
Equity Balance, Ending at Jun. 30, 2018	$ 128	$ 8,796	$ (312,204)	$ (303,280)
Shares Outstanding, Ending at Jun. 30, 2018	998,275

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net profit (loss)	$ (26,387)	$ (32,156)
Changes in operating assets and liabilities
Accounts payable	416	2,404
Accounts payable - related party	2,404
Accrued interest	2,090	1,468
Net cash used in operating activities	(21,477)	(28,284)
Financing activities
Loan from ACI	10,000	30,000
Net cash provided by financing activities	10,000	30,000
Net increase (decrease) in cash	(11,477)	1,716
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	13,193	11,477
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 1,716	$ 13,193

Note 1 - Organization, Business

Note 1 - Organization, Business and Operations	12 Months Ended
	Jun. 30, 2018
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 “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. The closing of the transactions contemplated under the Agreement are expected to occur on or before March 16, 2015. As a result of such transaction closing, the Investor will be the beneficial owner of approximately 95.24% of the Company’s issued and outstanding ordinary shares. 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 applicable state securities laws. 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 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 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, ACI owned 78.3% of the Company’s issued and outstanding ordinary shares. Upon the closing of the transaction contemplated above, which took place on June 26, 2015 (the “Closing”), the Company redeemed shares of its common stock (“Shares”), which represented ninety-five and twenty-six one hundredths percent (95.26%) of the issued and outstanding Shares just prior to the Closing. ACI now holds seventy-eight and three tenths percent (78.30%) of the Company’s issued and outstanding Shares. On November 6, 2015, ACI 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 was a private transaction exempt from registration under the Securities Act of 1933, as amended. Upon the closing of the Stock Purchase, the Buyer was 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 June 30, 2018, the Company had not yet commenced operations. All activity from September 27, 2006 ("Date of Inception") through June 30, 2018 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	12 Months Ended
	Jun. 30, 2018
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 and reporting in Development Stage Enterprises in preparing its financial statements. 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 June 30, 2018 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. 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. In January 2010, the Financial Account Standards Board (the “FASB”) issued Accounting Standards Codification (“ASC”) Topic 825, Financial Instruments, which began requiring disclosures about fair value of financial instruments in quarterly reports as well as in annual reports. For the Company, this statement applies to certain investments and long-term debt. Also, FASB ASC Topic 820, Fair Value Measurements and Disclosures, clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Various inputs are considered when determining the value of the Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed below. · · · The Company had no financial instruments to measure for fair value as of June 30, 2018. Revenue from Contracts with Customers In May 2014, the FASB issued ASC Topic 606, Revenue from Contracts with Customers, which applies to all entities and all contracts with customers, with the exception of certain contracts (including leases, insurance contracts, and other contractual agreements and exchanges between entities in the same line of business), as noted in ASC 606-10. ASC 606 became effective for the Company this year, but the Company cannot assess the impact of ASC 606 because it has not yet generated revenues and is not currently tied to a specific line of business. The Company will be able to evaluate the impact of the new rule in the future, when revenue streams are known. 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 June 30, 2018 and 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 June 30, 2018. 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	12 Months Ended
	Jun. 30, 2018
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	12 Months Ended
	Jun. 30, 2018
Notes
Note 4 - Related Party Transactions	Note 4 - Related Party Transactions During the years ended June 30, 2018 and 2017, the Company incurred legal and auditing costs paid by an affiliate company, ACI, Inc., equal to $2,820 and $2,404, respectively. As of June 30, 2018 and 2017, the Company has a balance of $215,664 and $213,261 in Accounts Payable to ACI, respectively.

Note 5 - Shareholders' Deficit

Note 5 - Shareholders' Deficit	12 Months Ended
	Jun. 30, 2018
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 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 June 26, 2015, Apollo Acquisition Corporation (the “Company”) entered into a Common Stock Exchange Agreement (the “Agreement”) with Lianyungang Corporation, a Cayman Islands Exempted Company (“Lianyungang”). Pursuant to the 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 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. The Company is authorized to issue 50,000,000 Ordinary Shares, par value of $0.000128 per share. As of June 30, 2018, there were 998,275 shares issued and outstanding. The Company is authorized to issue 1,000,000 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 June 30, 2018, there were no Preference Shares issued or outstanding.

Note 6 - Other Intangible Asset

Note 6 - Other Intangible Assets	12 Months Ended
	Jun. 30, 2018
Notes
Note 6 - Other Intangible Assets	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 titanateanode material. As consideration for the license granted under the Agreement, the Company will pay to the Licensor a one-time fee of $20,000,000. On June 22, 2015, the Company transferred other intangible assets to a wholly owned subsidiary, Apollo Technology Corporation. On June 26, 2015, Apollo Acquisition Corporation (the “Company”) entered into a Common Stock Exchange Agreement (the “Agreement”) with Lianyungang Corporation, a Cayman Islands Exempted Company (“Lianyungang”). Pursuant to the 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 June 30, 2018, the balance of other intangible assets was $0.

Note 7 - Loan from Related Part

Note 7 - Loan from Related Party	12 Months Ended
	Jun. 30, 2018
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 Note”) in order to cover the Company’s operating expenses. The March Note accrues 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 Note”) in order to cover the Company’s operating expenses. The June 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 Note”) in order to cover the Company’s operating expenses. The November 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 Note”) in order to cover the Company’s operating expenses. The September 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 Note”) in order to cover the Company’s operating expenses. The January 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 Note”, and, together with the March Note, June Note, November Note, September Note and January Note, the “Notes”) in order to cover the Company’s operating expenses. The May 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 June 30, 2018, the balance of the Notes to ACI was $75,000. The total accrued interest was $4,442 and $2,352 for the years ended June 30, 2018 and 2017, respectively. The Notes are payable on demand and there is no maturity date. ACI and the Company are related parties inasmuch as ACI was a beneficial owner of greater than five percent of the issued and outstanding ordinary shares of the Company during the year ended June 30, 2018.

Note 8 - Securities Purchase Ag

Note 8 - Securities Purchase Agreement	12 Months Ended
	Jun. 30, 2018
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 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, ACI 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 was the beneficial owner of approximately 78.3% of the Company’s issued and outstanding ordinary shares.

Note 9 - Authorized Shares

Note 9 - Authorized Shares	12 Months Ended
	Jun. 30, 2018
Notes
Note 9 - Authorized Shares	Note 9 – Authorized Shares Our Memorandum of Association authorizes the issuance of a maximum of 50,000,000 ordinary shares and 1,000,000 preference shares, which had previously been reported as 39,062,500 and 781,250 shares, respectively. We have revised this Annual Report on Form 10-K to reflect the correct number of authorized shares.

Note 9 - Subsequent Events

Note 9 - Subsequent Events	12 Months Ended
	Jun. 30, 2018
Notes
Note 9 - Subsequent Events	Note 10- Subsequent Event These financial statements were approved by management and available for issuance on October 15, 2018. There have been no subsequent events through this date.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies: Basis of Accounting, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
Basis of Accounting, Policy	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 and reporting in Development Stage Enterprises in preparing its financial statements.

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
Use of Estimates, Policy	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 Significa_4

Note 2 - Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
Earnings Per Share, Policy	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 June 30, 2018 and June 30, 2017, there were no potentially dilutive ordinary shares outstanding.

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies: Income Tax, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
Income Tax, 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.

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
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. In January 2010, the Financial Account Standards Board (the “FASB”) issued Accounting Standards Codification (“ASC”) Topic 825, Financial Instruments, which began requiring disclosures about fair value of financial instruments in quarterly reports as well as in annual reports. For the Company, this statement applies to certain investments and long-term debt. Also, FASB ASC Topic 820, Fair Value Measurements and Disclosures, clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. Various inputs are considered when determining the value of the Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed below. · · · The Company had no financial instruments to measure for fair value as of June 30, 2018.

Note 2 - Summary of Significa_7

Note 2 - Summary of Significant Accounting Policies: Revenue from Contracts with Customers (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
Revenue from Contracts with Customers	Revenue from Contracts with Customers In May 2014, the FASB issued ASC Topic 606, Revenue from Contracts with Customers, which applies to all entities and all contracts with customers, with the exception of certain contracts (including leases, insurance contracts, and other contractual agreements and exchanges between entities in the same line of business), as noted in ASC 606-10. ASC 606 became effective for the Company this year, but the Company cannot assess the impact of ASC 606 because it has not yet generated revenues and is not currently tied to a specific line of business. The Company will be able to evaluate the impact of the new rule in the future, when revenue streams are known.

Note 2 - Summary of Significa_8

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
Cash and Cash Equivalents, 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 June 30, 2018 and 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 June 30, 2018.

Note 2 - Summary of Significa_9

Note 2 - Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Jun. 30, 2018
Policies
New Accounting Pronouncements, Policy	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, Busine_2

Note 1 - Organization, Business and Operations (Details)	12 Months Ended
	Jun. 30, 2018
Details
Entity Incorporation, Date of Incorporation	Sep. 27, 2006
Entity Incorporation, State Country Name	Cayman Islands

Note 4 - Related Party Transa_2

Note 4 - Related Party Transactions (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Details
Legal Fees	$ 2,820	$ 2,404
Balance due to affiliate company	$ 215,664	$ 213,261

Note 5 - Shareholders' Deficit

Note 5 - Shareholders' Deficit (Details) - $ / shares	Jun. 30, 2018	Jun. 30, 2017
Details
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Common Stock, Shares, Outstanding	998,275	998,275
Common Stock, Shares, Issued	998,275	998,275
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.000128	$ 0.000128
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0

Note 7 - Loan from Related Pa_2

Note 7 - Loan from Related Party (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Loan from ACI	$ 75,000	$ 65,000
Accrued interest	$ 4,442	$ 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	Company
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 _2

Note 8 - Securities Purchase Agreement (Details)	12 Months Ended
	Jun. 30, 2018
Transaction !
Transaction Date	Feb. 17, 2015
Transaction Description	Company entered into a Securities Purchase Agreement (the “Agreement”) with Lianyungang HK New Energy Vehicle System Integration Corporation
Transaction 2
Transaction Date	Mar. 23, 2015
Transaction Description	Company entered into a Securities Purchase Agreement (the “SPA”) with HK Battery Technology, Inc., a Delaware corporation
Transaction 3
Transaction Date	Nov. 6, 2015
Transaction Description	ACI entered into a Stock Purchase Agreement with Hybrid Kinetic Automotive Holdings, LLC, a Delaware limited liability company