APEX 2 10-K 29 Jan 18 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Jan. 23, 2018	Jun. 30, 2016
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, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		10,006,800
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 19,689
Total Current Assets	19,689
Total Assets	19,689	0
Current Liabilities
Accounts payable	2,654
Due to related party	85,008	51,387
Total Current Liabilities	87,662	51,387
Commitments and contingencies
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; 10,006,800 and 10,000,000 shares issued and outstanding, respectively	1,001	1,000
Paid in Capital	20,399
Accumulated deficit	(89,373)	(52,387)
Total Stockholder’s Deficit	(67,973)	(51,387)
TOTAL LIABILITIES AND STOCKHOLDER’S DEFICIT	$ 19,689	$ 0

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
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	10,006,800	10,000,000
Common stock, outstanding	10,006,800	10,000,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
EXPENSES
General and administrative	$ 36,986	$ 9,750
Total expenses	36,986	9,750
NET LOSS	$ (36,986)	$ (9,750)
BASIC AND DILUTED NET LOSS PER SHARE	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	10,005,311	10,000,000

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDER’S DEFICIT - USD ($)	Common Stock	Paid In Capital	Accumulated Deficit	Total
Beginning balance, Amount at Dec. 31, 2014	$ 1,000		$ (42,637)	$ (41,637)
Beginning balance, Shares at Dec. 31, 2014	10,000,000
Net loss			(9,750)	(9,750)
Ending balance, Amount at Dec. 31, 2015	$ 1,000		(52,387)	(51,387)
Ending balance, Shares at Dec. 31, 2015	10,000,000
Common stock issued for cash, Shares	6,800
Common stock issued for cash, Amount	$ 1	20,399		20,400
Net loss			(36,986)	(36,986)
Ending balance, Amount at Dec. 31, 2016	$ 1,001	$ 20,399	$ (89,373)	$ (67,973)
Ending balance, Shares at Dec. 31, 2016	10,006,800

STATEMENTS OF CASH FLOW

STATEMENTS OF CASH FLOW - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (36,986)	$ (9,750)
Changes in operating assets and liabilities:
Accounts payable	2,654	(1,500)
Net cash used in operating activities	(34,332)	(11,250)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the sale of common stock	20,400
Proceeds from borrowing, related party	33,621	11,250
Net cash provided by financing activities	54,021	11,250
NET CHANGE IN CASH	19,689
CASH - Beginning of period
CASH - End of period	19,689
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Interest paid
Income taxes paid

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2016
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. During the year ended December 31, 2016 the Company issued 6,800 shares of common stock to 40 individuals for $20,400 in cash.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
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 in accordance with GAAP accounting practices. 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, 2016
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 $89,373 as of December 31, 2016. The Company has not established any source of revenue to cover its operating costs. This raises substantial doubt about the Company’s ability to continue as a going concern. 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, 2016
Notes to Financial Statements
NOTE 4: INCOME TAXES	At December 31, 2016 and 2015, the Company had federal net operating loss carry forwards of approximately $89,373 and $52,387, respectively, which expire in varying amounts beginning in 2031. Components of net deferred tax assets, including a valuation allowance, are as follows at December 31, 2016 and 2015 December 31, 2016 December 31, 2015 Deferred tax assets: Deferred tax assets, gross $ 31,281 $ 3,077 Less: Valuation allowance (31,281 ) (3,077 ) Net deferred tax assets $ -- $ -- In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of December 31, 2016. As of December 31, 2016, the Company’s tax years from inception through the year ended December 31, 2016 remain subject to examination by Federal and state jurisdictions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
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 $44,871 both of which remain unpaid as of December 31, 2016. These amounts are non-interest bearing and due on demand. On June 1, 2016 the Company entered into a consulting agreement with a related party. Under the terms of the agreement the Company has paid the related party consulting fees of $4,000 per month since June 1, 2016 through December 31, 2016 for a total of $28,000. A director of the Company is also an officer and director of the consulting group.

COMMON STOCK

COMMON STOCK	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 6: COMMON STOCK	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. During the year ended December 31, 2016 the Company issued 6,800 shares of common stock to 40 individuals for cash with a value of $20,400.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 7: SUBSEQUENT EVENT	Management has reviewed all events as of January 23, 2018 and has determined there are no subsequent reportable events.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
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 in accordance with GAAP accounting practices. 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, 2016
Income Taxes Tables
Deferred tax assets	December 31, 2016 December 31, 2015 Deferred tax assets: Deferred tax assets, gross $ 31,281 $ 3,077 Less: Valuation allowance (31,281 ) (3,077 ) Net deferred tax assets $ -- $ --

ORGANIZATION AND DESCRIPTION 16

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	1 Months Ended	12 Months Ended
	Oct. 28, 2011shares	Dec. 31, 2016USD ($)Numbershares	Apr. 10, 2015shares
State or Country of Incorporation		Delaware
Date of Incorporation		May 17, 2011
Common stock issued for cash | $		$ 20,400
Individual [Member]
Common stock issued for cash | $		$ 20,400
Common stock shares issued		6,800
Number of individuals | Number		40
MAP Universal LLC [Member]
Common stock shares purchased by sole stockholder			10,000,000
Officer and Director [Member] | Share purchase agreement [Member] | MAP Universal LLC [Member]
Common stock, shares sold	10,000,000
Percentage of common stock shares issued and outstanding, sold	100.00%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Going Concern Details Narrative
Accumulated deficit	$ (89,373)	$ (52,387)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Deferred tax assets, gross	$ 31,281	$ 3,077
Less: Valuation allowance	(31,281)	(3,077)
Net deferred tax assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details Narrative
Net operating loss carry forwards	$ 89,373	$ 52,387

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	7 Months Ended	67 Months Ended
	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2016
Former officer and director [Member]
Proceeds from borrowing, related party			$ 40,137
Due to related party		$ 40,137	40,137
Present officer [Member]
Proceeds from borrowing, related party			44,871
Due to related party		44,871	$ 44,871
Officer and Director [Member] | Consulting agreement [Member]
Consulting fees periodic payment	$ 4,000	$ 28,000
Frequency of periodic payment of consulting fees	Monthly

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	12 Months Ended
	Dec. 31, 2016USD ($)Number$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	May 17, 2011USD ($)$ / sharesshares
Common stock, shares issued | shares	10,006,800	10,000,000
Common stock shares issued, value	$ 1,001	$ 1,000
Common stock, par value | $ / shares	$ 0.0001	$ 0.0001
Common stock issued for cash	$ 20,400
Individual [Member]
Common stock issued for cash	$ 20,400
Common stock shares issued | shares	6,800
Number of individuals shares issued | Number	40
Founder [Member]
Common stock, shares issued | shares			10,000,000
Common stock shares issued, value			$ 1,000
Common stock, par value | $ / shares			$ 0.0001