APEX 2 10-K 6 Apr 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 14, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	APEX 2 Inc.
Entity Central Index Key	1,521,466
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		10,006,970
Entity Public Float			$ 0
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
TOTAL ASSETS	$ 0	$ 0
Current Liabilities
Accounts payable		1,500
Due to related party	$ 51,387	40,137
Total Current Liabilities	$ 51,387	$ 41,637
Stockholder's Deficit
Preferred stock; $.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Common stock; $.0001 par value; 100,000,000 shares authorized; 10,000,000 shares issued and outstanding	$ 1,000	$ 1,000
Accumulated deficit	(52,387)	(42,637)
Total Stockholder's Deficit	(51,387)	(41,637)
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	$ 0	$ 0

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Stockholder's Deficit
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	10,000,000	10,000,000
Common stock, outstanding	10,000,000	10,000,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
EXPENSES:
General and administration	$ 9,750	$ 14,877
Total expenses	9,750	14,877
NET LOSS	$ (9,750)	$ (14,877)
BASIC AND DILUTED NET LOSS PER SHARE	$ .00	$ .00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	10,000,000	10,000,000

Statement Of Changes In Stockho

Statement Of Changes In Stockholder's Deficit - USD ($)	Common Stock	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2013	10,000,000
Beginning Balance, Amount at Dec. 31, 2013	$ 1,000	$ (27,760)	$ (26,760)
Net loss		(14,877)	(14,877)
Ending Balance, Shares at Dec. 31, 2014	10,000,000
Ending Balance, Amount at Dec. 31, 2014	$ 1,000	(42,637)	(41,637)
Net loss		(9,750)	(9,750)
Ending Balance, Shares at Dec. 31, 2015	10,000,000
Ending Balance, Amount at Dec. 31, 2015	$ 1,000	$ (52,387)	$ (51,387)

Statements of Cash Flow

Statements of Cash Flow - USD ($)	12 Months Ended		55 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (9,750)	$ (14,877)
Change in operating assets and liabilities
Accounts payable	(1,500)	(1,500)
Net cash used in operating activities	(11,250)	(13,377)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowing, related party	11,250	13,377	$ 40,137
Net cash provided by financing activities	$ 11,250	$ 13,377
NET CHANGE IN CASH
Cash at Beginning of Period
Cash at End of Period
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Interest paid
Income taxes paid

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 1: ORGANIZATION AND DESCRIPTION OF BUSINESS	Apex 2, Inc. (the "Company") was incorporated under the laws of the State of Delaware on May 17, 2011 and has been inactive since inception. The Company intends to serve as a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. On October 28, 2011, the Company's then sole officer and director, entered into a Share Purchase Agreement and sold 10,000,000 shares of the Company's common stock to MAP Universal LLC. These shares represent 100% of the Company's issued and outstanding common stock. On April 10, 2015 the Company's sole stockholder purchased all 10,000,000 outstanding shares of the Company from MAP Universal LLC.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation - Development Stage Company The Company has elected to adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage. Accounting Method The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Income Taxes Income taxes are provided in accordance with Statement of Financial Accounting Standards No 740 (ASC 740), Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. There were no current or deferred Income tax expenses or benefits due to the Company not having any material operations since inception. Basic and diluted net loss per share Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the period. They include the dilutive effect of common stock equivalents in years with net income. Basic and diluted net loss per share is the same due to the absence of common stock equivalents. Impact of New Accounting Standards The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position, or cash flow.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 3: GOING CONCERN	The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying balance sheets, has no assets and an accumulated deficit of $52,387 as of December 31, 2015. The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 4: INCOME TAXES	The provision (benefit) for income taxes for the years ended December 31, 2015 and 2014 consists of the following: Current 2015 2014 Federal $ - $ -- State - Deferred Federal (2,805 ) (5,058 ) State (272 ) (491 ) Change in valuation allowance 3,077 5,549 - - The Company's income tax rate computed at the statutory federal rate of 34% differs from its effective tax rate primarily due to permanent items, state taxes and the change in the deferred tax asset valuation allowance. Income tax at statutory rate 34.00 State income taxes, net of federal benefit 3.30 Change in valuation allowance (37.30 ) Total 0.00 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In assessing the realizability of deferred tax assets, Management evaluates whether it is more likely than not that some portion or all of its deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on Management's evaluation, the net deferred tax asset was offset by a full valuation allowance in all periods presented. The Company's deferred tax asset valuation allowance will be reversed if and when the Company generates sufficient taxable income in the future to utilize the tax benefits of the related deferred tax assets. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and tax liabilities are as follows: 2015 2014 Net operating loss $ 8,250 $ 14,877 Gross deferred tax assets: 3,077 5,549 Less: valuation allowance (8,250 ) (14,877 ) Net deferred tax assets $ - $ - As of December 31, 2015 the Company had operating loss carry-forwards of approximately $42,000 available to offset future taxable income, expiring in 2034. As of December 31, 2015 the Company's tax years through the year ended December 31, 2015 remain subject to examination by Federal and state jurisdictions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 5: RELATED PARTY TRANSACTIONS	Since inception, the Company's former officer and director has advanced a total $40,137 and the present officer advanced the Company $11,250, both of which remain unpaid as of December 31, 2015. These amounts are non-interest bearing and due on demand.

SHAREHOLDER'S EQUITY

SHAREHOLDER'S EQUITY	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 6: SHAREHOLDER'S DEFICIT	On May 17, 2011 the Company issued 10,000,000 shares of common stock (founder's shares) valued at $1,000 with a par value of $0.0001 per share.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 7: SUBSEQUENT EVENT	During January and February, 2016 the Company received subscription agreements from 41 individuals for 6,970 shares of common stock with a value of $20,910.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Summary Of Significant Accounting Policies Policies
Basis of Presentation - Development Stage Company	The Company has elected to adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage.
Accounting Method	The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.
Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Income Taxes	Income taxes are provided in accordance with Statement of Financial Accounting Standards No 740 (ASC 740), Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. There were no current or deferred Income tax expenses or benefits due to the Company not having any material operations since inception.
Basic and diluted net loss per share	Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the period. They include the dilutive effect of common stock equivalents in years with net income. Basic and diluted net loss per share is the same due to the absence of common stock equivalents.
Impact of New Accounting Standards	The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position, or cash flow.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes Tables
Provision (benefit) for income taxes	Current 2015 2014 Federal $ - $ -- State - Deferred Federal (2,805 ) (5,058 ) State (272 ) (491 ) Change in valuation allowance 3,077 5,549 - -
Company's income tax rate computed at the statutory federal rate of 34% differs from its effective tax rate	Income tax at statutory rate 34.00 State income taxes, net of federal benefit 3.30 Change in valuation allowance (37.30 ) Total 0.00 %
Deferred tax assets and tax liabilities	2015 2014 Net operating loss $ 8,250 $ 14,877 Gross deferred tax assets: 3,077 5,549 Less: valuation allowance (8,250 ) (14,877 ) Net deferred tax assets $ - $ -

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Going Concern Details Narrative
Accumulated deficit	$ (52,387)	$ (42,637)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Current
Federal
State
Deferred
Federal	$ (2,805)	$ (5,058)
State	(272)	(491)
Change in valuation allowance	$ 3,077	$ 5,549
Total

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2015
Income Taxes Details 1
Income tax at statutory rate	34.00%
State income taxes, net of federal benefit	3.30%
Change in valuation allowance	(37.30%)
Total	0.00%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details 2
Net operating loss	$ 8,250	$ 14,877
Gross deferred tax assets:	3,077	5,549
Less: valuation allowance	$ (8,250)	$ (14,877)
Net deferred tax assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Taxes Details Narrative
Operating loss carry-forwards	$ 42,000
Operating loss carry-forwards Expiration Year	2,034

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended		55 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
Related Party Transactions Details Narrative
Proceeds from borrowing, related party	$ 11,250	$ 13,377	$ 40,137