Apex 11 10-K 30 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 29, 2022	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	Apex 11 Inc.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		39,491,009
Entity Public Float			$ 0
Amendment Flag	false
Entity Central Index Key	0001578329
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	333-213197
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2823100
Entity Address, Address Line One	8217 East Spanish Boot Road
Entity Address, City or Town	Carefree
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85377
City Area Code	(480)
Local Phone Number	619-1575
Title of 12(b) Security	None
Entity Interactive Data Current	No
Auditor Name	Haynie & Company
Auditor Firm ID	457
Auditor Location	Salt Lake City, Utah

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
TOTAL ASSETS	$ 0	$ 0
CURRENT LIABILITIES
Accrued expenses	10,910	4,699
Total liabilities	10,910	4,699
STOCKHOLDERS' (DEFICIENCY)
Preferred stock; $.0001 par value; 5,000,000 shares authorized; none issued and outstanding	0	0
Common stock; $.0001 par value; 100,000,000 shares authorized; 39,491,009 and 25,927,384 issued and outstanding, respectively	3,949	2,592
Additional paid-in capital	148,410	87,485
Accumulated deficit	(163,269)	(94,776)
Total stockholders' (deficiency)	(10,910)	(4,699)
Total liabilities and stockholders' (deficiency)	$ 0	$ 0

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred stock; par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock; shares issued	39,491,009	25,927,384
Common stock; shares outstanding	39,491,009	25,927,384

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING EXPENSES
General and administrative	$ 68,493	$ 24,873
NET LOSS	$ (68,493)	$ (24,873)
Basic and diluted loss per common share (in Dollars per share)	$ 0	$ 0
Basic and diluted weighted-average common shares outstanding (in Shares)	25,964,545	21,546,051

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances at Dec. 31, 2019	$ 2,153	$ 67,750	$ (69,903)
Balances (in Shares) at Dec. 31, 2019	21,534,014
Issuance of common stock in settlement of stockholder payable	$ 439	19,735		$ 20,174
Issuance of common stock in settlement of stockholder payable (in Shares)	4,393,370
Net loss			(24,873)	(24,873)
Balances at Dec. 31, 2020	$ 2,592	87,485	(94,776)	$ (4,699)
Balances (in Shares) at Dec. 31, 2020	25,927,384			25,927,384
Issuance of common stock in settlement of stockholder payable	$ 1,357	60,928		$ 62,282
Issuance of common stock in settlement of stockholder payable (in Shares)	13,563,625
Net loss			(68,493)	(68,493)
Balances at Dec. 31, 2021	$ 3,949	$ 148,410	$ (163,269)	$ (10,910)
Balances (in Shares) at Dec. 31, 2021	39,491,009			39,491,009

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net loss	$ (68,493)	$ (24,873)
Adjustments to reconcile net loss to net cash provided by operating activities:
Repayment of controlling stockholder payable	0	0
Changes in operating assets and liabilities:
Accrued liabilities	68,493	24,873
CASH FLOWS FROM OPERATING ACTIVITIES	0	0
CASH FLOWS FROM INVESTING ACTIVITIES	0	0
CASH FLOWS FROM FINANCING ACTIVITIES	0	0
NET CHANGE IN CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS, Beginning of year	0	0
CASH AND CASH EQUIVALENTS, End of year	0	0
NON CASH FINANCING ACTIVITY
Issuance of common stock in settlement of accrued liabilities	$ 62,282	$ 20,174

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Cash and Cash Equivalents Revenue Recognition Earnings (Loss) Per Share Income Taxes The Company accounts for any uncertainty in income taxes by recognizing the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The application of income tax law is inherently complex. Laws and regulations in this area are voluminous and are often ambiguous. As such, the Company is required to make subjective assumptions and judgments regarding income tax exposures. Interpretations of and guidance surrounding income tax law and regulations change over time and may result in changes to the Company's subjective assumptions and judgments which can materially affect amounts recognized in the financial statements. The Company believes that it does not have any uncertain tax positions that are material to the financial statements. Use of Estimates Going Concern Recent Accounting Pronouncements New pronouncements issued but not effective until after December 31, 2021 are not expected to have a material impact on our consolidated results of operations, financial position or cash flows. Subsequent Events

STOCKHOLDERS' DEFICIENCY

STOCKHOLDERS' DEFICIENCY	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	2. STOCKHOLDERS' (DEFICIENCY) Preferred Stock – The Company is authorized to issue 5,000,000 shares of $.0001 par value preferred stock. As of December 31, 2021 and 2020, no shares of preferred stock have been issued. Common Stock – The Company is authorized to issue 100,000,000 shares of $.0001 par value common stock. As of December 31, 2021 and 2020, 39,491,009 and 25,927,384 shares were issued and outstanding, respectively. During the year ended December 31, 2021, the Company issued 13,563,625 shares of common stock to its controlling stockholder for settlement of $62,282 for accrued liabilities. During the year ended December 31, 2020, the Company issued 4,393,370 shares of common stock to its controlling stockholder for settlement of $20,174 for accrued liabilities.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	3. INCOME TAXES Significant components of the Company's deferred income tax assets and liabilities are as follows at December 31: 2021 2020 Deferred income tax asset – net operating loss carryforward $ 42,287 $ 24,547 Valuation allowance (42,287 ) (24,547 ) Net deferred income tax asset $ — $ — At December 31, 2021, the Company had approximately $163,269 of net operating loss (NOL) carryforwards available to offset future taxable income, which begin to expire in 2033. However, a valuation allowance has been recorded reducing the NOL net deferred tax asset to zero because of uncertainty as to the ultimate utilization of the net operating losses to which it relates. The valuation allowance increased by $17,740 and $6,442 in 2021 and 2020, respectively. The income tax benefit differed from the amount computed using the statutory federal rate of 21% due primarily to the change in the valuation allowance during 2021 and 2020

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Organization
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents
Revenue [Policy Text Block]	Revenue Recognition
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) Per Share
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for any uncertainty in income taxes by recognizing the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The application of income tax law is inherently complex. Laws and regulations in this area are voluminous and are often ambiguous. As such, the Company is required to make subjective assumptions and judgments regarding income tax exposures. Interpretations of and guidance surrounding income tax law and regulations change over time and may result in changes to the Company's subjective assumptions and judgments which can materially affect amounts recognized in the financial statements. The Company believes that it does not have any uncertain tax positions that are material to the financial statements.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Going Concern, Policy [Policy Textblock}	Going Concern
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements New pronouncements issued but not effective until after December 31, 2021 are not expected to have a material impact on our consolidated results of operations, financial position or cash flows.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Significant components of the Company's deferred income tax assets and liabilities are as follows at December 31: 2021 2020 Deferred income tax asset – net operating loss carryforward $ 42,287 $ 24,547 Valuation allowance (42,287 ) (24,547 ) Net deferred income tax asset $ — $ —

STOCKHOLDERS' DEFICIENCY (Detai

STOCKHOLDERS' DEFICIENCY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding	39,491,009	25,927,384
Common Stock, Shares, Issued	39,491,009	25,927,384
Stock Issued During Period, Shares, New Issues	13,563,625	4,393,370
Stock Issued During Period, Value, New Issues (in Dollars)	$ 62,282	$ 20,174

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 163,269
Deferred Tax Assets, Net of Valuation Allowance	0	$ 0
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 17,740	$ 6,442
Effective Income Tax Rate Reconciliation, Percent	21.00%

INCOME TAXES (Details) - Schedu

INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of Deferred Tax Assets and Liabilities [Abstract]
Deferred income tax asset – net operating loss carryforward	$ 42,287	$ 24,547
Valuation allowance	(42,287)	(24,547)
Net deferred income tax asset	$ 0	$ 0