Oncolix 10-K 5 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Apr. 04, 2017
Document and Entity Information:
Entity Central Index Key	1,584,137
Entity Registrant Name	Advanced Environmental Petroleum Producers Inc.
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Trading Symbol	aepp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Public Float	$ 412,500
Entity Common Stock, Shares Outstanding		93,911,633
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	$ 1,671
Prepaid expense
Total Current Assets	1,671
Intangible assets, net of accumulated Amortization of $0 and $0		3,502
TOTAL ASSETS	1,671	3,502
Current Liabilities
Accounts payable	225,881	127,699
Accrued interest - shareholder		50,324
Notes payable - shareholder loans		126,300
Total current liabilities	225,881	304,323
Total liabilities	225,881	304,323
Stockholders' Deficit
Common Stock, 500,000,000 authorized; $0.0001 par value 93,911,633 and 80,331,633 shares issued and outstanding	9,391	8,033
Common stock held in escrow	(6,560)	(6,560)
Additional paid-in capital	5,149,523	258,427
Accumulated Deficit	(5,376,564)	(560,721)
Total Stockholders' deficit	(224,210)	(300,821)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 1,671	$ 3,502

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets
Net accumulated amortization	$ 0	$ 0
Stockholders' Deficit
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	93,911,633	80,331,633
Common Stock, Shares Outstanding	93,911,633	80,331,633

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statements Of Operations
Revenues
Operating Expenses
Professional fees	98,324	47,385
Selling, general and administrative expenses	10,211	8,604
Research and development		2,969
Foreign exchange (gain) loss	(2,754)
Total operating expenses	105,781	58,958
Net Income (Loss) from operations	(105,781)	(58,958)
Other income (expense)
Interest expense	(8,512)	(19,244)
Gain (loss) on extinguishment of debt	(4,701,550)
Income taxes
Net loss	$ (4,815,843)	$ (78,202)
Basic and diluted loss per share	$ (0.05)	$ (0.01)
Weighted average number of shares outstanding	88,936,564	13,133,279

Statement of Stockholders' Defi

Statement of Stockholders' Deficit - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Common Stock Heldin Escrow	Total
Beginning balance, shares at Dec. 31, 2014	31,633
Beginning balance, amount at Dec. 31, 2014	$ 3	$ 186,397	$ (482,519)		$ (296,119)
Issued shares of common stock in exchange for Alberta Ltd. Shares held in escrow subject to due diligence, Share	65,600,000
Issued shares of common stock in exchange for Alberta Ltd. Shares held in escrow subject to due diligence, Amount	$ 6,560			(6,560)
Issued shares of common stock for extinguishment of notes payable to non-related parties at per share, Share	14,700,000
Issued shares of common stock for extinguishment of notes payable to non-related parties at per share, Amount	$ 1,470	72,030			73,500
Net Income(loss)			(78,202)		(78,202)
Ending balance, shares at Dec. 31, 2015	80,331,633
Ending balance, amount at Dec. 31, 2015	$ 8,033	258,427	(560,721)	(6,560)	(300,821)
Issued shares of common stock in exchange for Alberta Ltd. Shares held in escrow subject to due diligence, Share	4,920,000
Issued shares of common stock in exchange for Alberta Ltd. Shares held in escrow subject to due diligence, Amount	$ 492			(492)
Issued shares of common stock for extinguishment of notes payable to non-related parties at per share, Share	30,000
Issued shares of common stock for extinguishment of notes payable to non-related parties at per share, Amount	$ 3	297			300
Issued shares of common stock for conversion of note payable from non-related parties at FMV per share, Share	13,550,000
Issued shares of common stock for conversion of note payable from non-related parties at FMV per share, Amount	$ 1,355	4,773,645			4,775,000
Canceled shares of common stock in exchange ofAlberta Ltd. Shares held in escrow subject to due diligence, Share	(4,920,000)
Canceled shares of common stock in exchange ofAlberta Ltd. Shares held in escrow subject to due diligence, Amount	$ (492)			492
Extinguishment of related party debt		117,154			117,154
Net Income(loss)			(4,815,843)		(4,815,843)
Ending balance, shares at Dec. 31, 2016	93,911,633
Ending balance, amount at Dec. 31, 2016	$ 9,391	$ 5,149,523	$ (5,376,564)	$ (6,560)	$ (224,210)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,815,843)	$ (78,202)
Changes in assets and liabilities:
Prepaid expense		2,000
Increase in accounts payable	98,181	45,006
Increase in accrued interest	(50,324)	19,244
Net Cash (used in) operating activities	(4,767,986)	(11,952)
CASH FLOWS FROM INVESTING ACTIVITIES:
Development of intangible assets	3,502	(3,502)
Net cash (used in) investing activities	3,502	(3,502)
CASH FLOWS FROM FINANCING ACTIVITIES:
Reduction of notes payable	(126,300)
Conversion of note payable into common stock	4,892,455
Net Cash provided by financing activities	4,766,155
Net increase (decrease) in cash and cash equivalents	1,671	(15,454)
Cash and cash equivalents Beginning of Period		15,454
Cash and cash equivalents End of Period	1,671
Supplemental cash flow information
Cash paid for interest
Cash paid for taxes
Supplemental non-cash investing and financing transactions:
Stock issued to extinguish notes payable		$ 73,500

NOTE 1. NATURE OF BUSINESS

NOTE 1. NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 1. NATURE OF BUSINESS	ORGANIZATION Advanced Environmental Petroleum Producers, Inc. (hereinafter “AEPP”) is a company incorporated in the State of Florida in June 2013. We were formed as a consultant to the electric vehicle research and technologies industry. The electric vehicle research and technologies industry is subject to constant change due to market trends, thereby making it extremely competitive. The electric vehicle research and technologies industry is complex, because several segments are regulated by both federal and state governments. AEPP’s approach assists general business operations with the growth and development, international expansion and marketing aspects of their business, allowing our potential customers to focus on the business aspects of operations. By using the services provided by AEPP, our clients are free to focus on compliance with regulations within their industry, and to complete their primary business goals.

NOTE 2. GOING CONCERN

NOTE 2. GOING CONCERN	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 2. 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 which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern

NOTE 3. SUMMARY OF SIGNIFICANT

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	USE OF ESTIMATES The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. RECLASSIFICATION Certain reclassifications have been made to the prior period financial statement to conform to the current period presentation. The reclassifications had no effect on reported losses. CASH AND CASH EQUIVALENTS The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents totaled $1,671 at December 31, 2016 and $0 at December 31, 2015. CASH FLOWS REPORTING The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period. RELATED PARTIES The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions. FINANCIAL INSTRUMENTS The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures · Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities · Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. · Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2016, and December 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. INTANGIBLE ASSETS The Company is in the process of applying for patent protection for its products and technologies. The Company has applied the provision of ASC topic 350 – Intangible – goodwill and other, in accounting for its intangible assets. Due to the early stages of the process the Company has not capitalized the full cost of the provisional patent application process. Therefore, Intangible assets are currently not being amortized. As of December 31, 2016, and 2015 Intangible assets totaled $0 and $3,502, respectively. REVENUE RECOGNITION The Company follows ASC 605, Revenue Recognition The Company derives revenue from consulting arrangements with clients. Revenue is generated by hourly fee structure or fixed contract costs, based on expected time to complete, additionally, costs incurred may be billed, as defined by the contractual arrangements. RESEARCH AND DEVELOPMENT The Company expenses research and development costs when incurred. Research and development costs include engineering and testing of product and outputs. Indirect costs related to research and developments are allocated based on percentage usage to the research and development. We spent $0 in research and development costs for the year ending December 31, 2016 and $2,969 for the Year ending December 31, 2015. DEFERRED INCOME TAXES AND VALUATION ALLOWANCE The Company accounts for income taxes under ASC 740, Income Taxes NET INCOME (LOSS) PER COMMON SHARE Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2016 and December 31, 2015. As of December 31, 2016, the Company had no dilutive potential common shares. RECENT ACCOUNTING PRONOUNCEMENTS Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-10”) and have applied the standard as of the dates during the periods reported. We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-09”). The Company does not believe that the new or modified principal will not have a material effect on these financial statements. We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

NOTE 4. INCOME TAXES

NOTE 4. INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 4. INCOME TAXES	At December 31, 2016, the Company had a net operating loss carry–forward for Federal income tax purposes of approximately $5,376,564 that may be offset against future taxable income through 2033 No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets calculated at the effective rates note below, was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by the valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability. The Company’s tax expense differs from the “expected” tax expense for Federal income tax purposes (computed by applying the United States Federal tax rate of 34% and State tax rate of 3.6% to income before taxes), as follows: For the Year Ended December 31, 2016 2015 Tax expense (benefit) at the statutory rate $ (1,637,000 ) $ (27,000 ) State income taxes, net of federal income tax benefit (173,000 ) (3,000 ) Change in valuation allowance 1,800,000 30,000 Total $ --- $ --- The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets and liabilities. In assessing the realizability of 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 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. The Company had net operating income for the year ended December 31, 2016 of $6,159 and net operating losses for the year ended December 31, 2015 of $78,202 from operations. The carry forwards expire through the year 2033. The Company’s net operating loss carry forward may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code. A valuation allowance has been applied due to the uncertainty of realization. The Company’s net deferred tax asset as of December 31, 2016 and December 31, 2015 is as follows: December 31, 2016 December 31, 2015 Deferred tax assets $ 2,022,000 $ 211,000 Valuation allowance (2,022,000 ) (211,000 ) Net deferred tax asset $ --- $ --- The Company is currently open to audit under the statute of limitations by the Internal Revenue Service for the period from inception ended December 31, 2013 through the year ended December 31, 2016. The Company recognizes interest and penalties related to income taxes in income tax expense. The Company had incurred no penalties and interest for the period from inception ended December 31, 2013 through the year ended December 31, 2016. The open tax years are 2013, 2014, 2015 and 2016.

NOTE 5. SHAREHOLDERS_ EQUITY

NOTE 5. SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 5. SHAREHOLDERS’ EQUITY	The Company, through approval of its Board of Directors, authorized common shares of 500,000,000 with a par value of $0.0001. On September 10, 2015, the majority shareholders of the Company approved a reverse stock split of one for 1,000 (1:1000) of the Company's total issued and outstanding shares of common stock. Pursuant to the Company's Bylaws and the Florida Division of Corporations, a vote by the holders of at least a majority of the Company’s outstanding votes is required to effect the Stock Split. The Company’s articles of incorporation do not authorize cumulative voting. As of the record date of September 10, 2015, the Company had 31,635,598 voting shares of common stock issued and outstanding. The consenting stockholders of the shares of common stock are entitled to 30,000,000 votes, which represents approximately 99% of the voting rights associated with the Company’s shares of common stock. The consenting stockholders voted in favor of the Stock Split by unanimous written consent dated September 10, 2015. On October 9, 2015 FINRA approved the stock split to be effective October 13, 2015 and filed with the Securities and Exchange Commission on October 16, 2015. COMMON STOCK On October 24, 2015, the Company announced that it had entered into an agreement to acquire 100% of the issued and outstanding shares of 1923285 Alberta Ltd (Alberta) for 65,600,000 shares of the Company’s common stock. It was agreed that the Company’s 65,600,000 shares of common stock and 100% of the issued and outstanding Alberta shares would be held in escrow until Alberta provided the Company with first, required audited financial statements and the Company completed its due diligence. On February 10, 2017 the agreement was terminated and the Company’s 65,600,000 shares of common stock were cancelled and placed back into Treasury. On November 19, 2015, the Company issued 7,200,000 shares of common stock to a non-related party in exchange for the extinguishment of $36,000 of notes payable. The shares were issued at $0.005 per share. On January 6, 2016, the Company issued 30,000 shares of common stock to non-related parties in exchange for the extinguishment of $4,000 of accounts payable. The shares were issued at FMV of $0.01 per share. On February 11, 2016, the Company issued 4,920,000 shares of common stock to non-related parties. The shares were issued and are being held in escrow in addition to the shares issued as a part of the Share Purchase Agreement dated October 24, 2015. The shares were issued at $0.005 per share. On June 6, 2016, the Company issued 4,000,000 shares of common stock to non-related parties in exchange for the extinguishment of $20,000 of notes payable. The shares were issued at FMV of $0.263 per share. On June 24, 2016, the Company issued 3,000,000 shares of common stock to a non-related party in exchange for the extinguishment of $15,000 of notes payable. The shares were issued at FMV of $0.263 per share. On June 27, 2016, the Company issued 500,000 shares of common stock to a non-related party in exchange for the extinguishment of $2,500 of notes payable. The shares were issued at FMV of $0.263 per share. On July 8, 2016 issued 1,600,000 shares of common stock to a non-related party in exchange for the extinguishment of $8,000 of notes payable. The shares were issued at FMV of $0.50 per share. On July 16, 2016, the Company announced that it has entered into a verbal final agreement to retire all of the outstanding past due liabilities as stated on the 10Q filed with the Securities and Exchange Commission dated May 20, 2016. Per the terms of the agreement there will be 4,920,000 common shares cancelled from the shares issued in escrow in October 2015. On August 19, 2016, the Company issued of 4,450,000 common shares to non-related parties in exchange for extinguishment of $22,250 of notes payable. The shares were issued at FMV of $0.45 per share. There were 93,911,633 shares of common stock issued and outstanding at December 31, 2016 and 80,331,633 shares of common stock issued and outstanding at December 31, 2015. All issued and outstanding shares and per share prices are reflective of the one to one thousand (1:1,000) revere split effective October 13, 2015.

NOTE 6. RELATED PARTY TRANSACTI

NOTE 6. RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 6. RELATED PARTY TRANSACTIONS	NOTES PAYABLE Notes payable consisted of the following as of December 31, 2016: December 31, 2016 December 31, 2015 New Opportunity Business Solutions, Inc., a related party for consulting services to the Company. Advanced Environmental Petroleum Producers Inc. (AEPP) is a client of New Opportunity Business Solutions, Inc. The original amount of the note payable was $199,800. The note states a 10% interest rate with no set maturity date and is due on demand. Payment of principal and interest is due on demand and is not contingent. However to the extent that the Company incurs expense to accomplish the goal of the consulting agreement, the obligation of the company shall be reduced an equal amount. The note is as support for the consulting fee which was owed by AEPP but not paid as required. The loan is in default. Accrued interest at December 31, 2016 and December 31, 2015 was $0 and $50,324, respectively. $ 0 $ 126,300 Total notes payable $ 0 $ 126,300 Current portion $ 0 $ 126,300

NOTE 7. COMMITMENTS AND CONTING

NOTE 7. COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 7. COMMITMENTS AND CONTINGENCIES	On October 24, 2015, the Company announced that it had entered into an agreement to acquire 100% of the issued and outstanding shares of 1923285 Alberta Ltd. ("Alberta") for 65,600,000 shares of the Company’s common stock. Both the Company's 65,600,000 and 100% of the issued and outstanding Alberta Shares will be held in escrow until Alberta provides the Company with firstly, required audited financial statements, secondly, a certificate that the leases held by Alberta from Peru Petro (an entity owned by the Government of Peru) are unencumbered and are in good standing. It is anticipated that the audited financial statements and the report confirming the reserves and the potential reserves was to be completed before December 31, 2016 however due to unforeseen circumstances has been delayed but is still pending. On February 10, 2017, the agreement was terminated for non-performance and the Company’s 65,600,000 shares of common stock were cancelled and placed back into Treasury. Alberta was incorporated in 2015 in the province of Alberta. Alberta has ownership interests in a lease that encompasses 10,100 square Kilometers of oil and gas and mineral leases in the country of Peru known as “Block 19”. From time to time the Company may be a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

NOTE 8. WARRANTS AND OPTIONS

NOTE 8. WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 8. WARRANTS AND OPTIONS	There are no warrants or options outstanding to acquire any additional shares of common stock of the Company as of December 31, 2016.

NOTE 9. SUBSEQUENT EVENTS

NOTE 9. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 9. SUBSEQUENT EVENTS	RELATED PARTY TRANSACTIONS On January 9, 2017, Brian Kistler was appointed to the Board of Directors and as CEO. Simultaneously, Andrew Mynheer resigned as Chairman of the Board and CEO, Secretary/Treasurer and Christopher Mynheer resigned as a member of the Board of Directors. On February 10, 2017, the Company terminated all relationship with 193285 Alberta Ltd. and cancelled all 65,600,000 shares of its common stock that was being held in escrow. Consequently, all prior information regarding that proposed transaction has been terminated and is no longer to be considered part of the company’s focus moving forward. On March 6, 2017 Mr. Kistler, our CEO personally assumed the guarantor for all accounts payable and accepted 60,000,000 restricted common shares as payment for $231,259 accounts payable as of 2-22-2017. On March 6, 2017 Mr. Kistler, our CEO sold 60,000,000 to Oncolix, Inc. which has effected a change of control of the Company. Mr. Kistler also sold 1,465,130 shares that were registered in the name of New Opportunity Business Solutions, Inc. to Oncolix, Inc. Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment to or disclosure in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies Policies
USE OF ESTIMATES	The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
RECLASSIFICATION	Certain reclassifications have been made to the prior period financial statement to conform to the current period presentation. The reclassifications had no effect on reported losses.
CASH AND CASH EQUIVALENTS	The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. Cash and cash equivalents totaled $1,671 at December 31, 2016 and $0 at December 31, 2015.
CASH FLOWS REPORTING	The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period.
RELATED PARTIES	The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions.
FINANCIAL INSTRUMENTS	The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures · Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities · Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. · Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2016, and December 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.
INTANGIBLE ASSETS	The Company is in the process of applying for patent protection for its products and technologies. The Company has applied the provision of ASC topic 350 – Intangible – goodwill and other, in accounting for its intangible assets. Due to the early stages of the process the Company has not capitalized the full cost of the provisional patent application process. Therefore, Intangible assets are currently not being amortized. As of December 31, 2016, and 2015 Intangible assets totaled $0 and $3,502, respectively.
REVENUE RECOGNITION	The Company follows ASC 605, Revenue Recognition The Company derives revenue from consulting arrangements with clients. Revenue is generated by hourly fee structure or fixed contract costs, based on expected time to complete, additionally, costs incurred may be billed, as defined by the contractual arrangements.
RESEARCH AND DEVELOPMENT	The Company expenses research and development costs when incurred. Research and development costs include engineering and testing of product and outputs. Indirect costs related to research and developments are allocated based on percentage usage to the research and development. We spent $0 in research and development costs for the year ending December 31, 2016 and $2,969 for the Year ending December 31, 2015.
DEFERRED INCOME TAXES AND VALUATION ALLOWANCE	The Company accounts for income taxes under ASC 740, Income Taxes
NET INCOME (LOSS) PER COMMON SHARE	Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2016 and December 31, 2015. As of December 31, 2016, the Company had no dilutive potential common shares.
RECENT ACCOUNTING PRONOUNCEMENTS	Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-10”) and have applied the standard as of the dates during the periods reported. We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-09”). The Company does not believe that the new or modified principal will not have a material effect on these financial statements. We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes Tables
Federal income tax	For the Year Ended December 31, 2016 2015 Tax expense (benefit) at the statutory rate $ (1,637,000 ) $ (27,000 ) State income taxes, net of federal income tax benefit (173,000 ) (3,000 ) Change in valuation allowance 1,800,000 30,000 Total $ --- $ ---
Schedule of Deferred tax asset	December 31, 2016 December 31, 2015 Deferred tax assets $ 2,022,000 $ 211,000 Valuation allowance (2,022,000 ) (211,000 ) Net deferred tax asset $ --- $ ---

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions Tables
Notes Payable	December 31, 2016 December 31, 2015 New Opportunity Business Solutions, Inc., a related party for consulting services to the Company. Advanced Environmental Petroleum Producers Inc. (AEPP) is a client of New Opportunity Business Solutions, Inc. The original amount of the note payable was $199,800. The note states a 10% interest rate with no set maturity date and is due on demand. Payment of principal and interest is due on demand and is not contingent. However to the extent that the Company incurs expense to accomplish the goal of the consulting agreement, the obligation of the company shall be reduced an equal amount. The note is as support for the consulting fee which was owed by AEPP but not paid as required. The loan is in default. Accrued interest at December 31, 2016 and December 31, 2015 was $0 and $50,324, respectively. $ 0 $ 126,300 Total notes payable $ 0 $ 126,300 Current portion $ 0 $ 126,300

NOTE 1. NATURE OF BUSINESS (Det

NOTE 1. NATURE OF BUSINESS (Details Narrative)	12 Months Ended
	Dec. 31, 2016
Note 1. Nature Of Business Details Narrative
State of incorporation	State of Florida
Date of incorporation	Jun. 30, 2013

Note 3. Summary of Significan20

Note 3. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Note 3. Summary Of Significant Accounting Policies Details Narrative
Cash and Cash Equivalents	$ 1,671
Intangible assets, net		3,502
Research and development		$ 2,969

Note 4. Income Taxes (Details)

Note 4. Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Note 4. Income Taxes Details
Tax expense (benefit) at the statutory rate	$ (1,637,000)	$ (27,000)
State income taxes, net of federal income tax benefit	(173,000)	(3,000)
Change in valuation allowance	1,800,000	30,000
Total

Note 4. Income Taxes (Details 1

Note 4. Income Taxes (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Note 4. Income Taxes Details 1
Deferred tax assets	$ 2,022,000	$ 211,000
Valuation allowance	(2,022,000)	(211,000)
Net deferred tax asset

Note 4. Income Taxes (Details N

Note 4. Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Note 4. Income Taxes Details Narrative
Operating loss carry-forwards	$ 5,376,564
Net operating loss carryforward, expiration dates	2,033
Effective income tax rate reconciliation, federal, percent	34.00%
Effective income tax rate reconciliation, state, percent	3.60%
Net operating income	$ 6,159
Net loss	$ (4,815,843)	$ (78,202)

Note 5. Shareholders' Equity (D

Note 5. Shareholders' Equity (Details Narrative)	Jul. 08, 2016USD ($)$ / sharesshares	Jun. 06, 2016USD ($)$ / sharesshares	Feb. 11, 2016$ / sharesshares	Jan. 06, 2016USD ($)$ / sharesshares	Nov. 06, 2015USD ($)$ / sharesshares	Oct. 13, 2015	Sep. 10, 2015Integershares	Aug. 19, 2016USD ($)$ / sharesshares	Jun. 27, 2016USD ($)$ / sharesshares	Jun. 24, 2016USD ($)$ / sharesshares	Nov. 19, 2015USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Feb. 10, 2017shares	Oct. 31, 2016shares	Dec. 31, 2015$ / sharesshares	Oct. 24, 2015shares
Common Stock, Par Value | $ / shares												$ 0.0001			$ 0.0001
Common Stock, Shares Authorized												500,000,000			500,000,000
Stockholders' Equity, Reverse Stock Split						All issued and outstanding shares and per share prices are reflective of the one to one thousand (1:1,000) revere split effective October 13, 2015	The Company approved a reverse stock split of one for 1,000 (1:1000) of the Company's total issued and outstanding shares of common stock
Common Stock, Shares Issued							31,635,598					93,911,633			80,331,633
Common Stock, Shares Outstanding							31,635,598					93,911,633			80,331,633
Consenting stockholders votes | Integer							30,000,000
Consenting stockholders votes percentage							99.00%
Stock issued for non related parties	1,600,000	4,000,000	4,920,000	30,000	7,500,000			4,450,000	500,000	3,000,000	7,200,000
Extinguishment of notes payable | $	$ 8,000	$ 20,000		$ 4,000	$ 37,500			$ 22,250	$ 2,500	$ 15,000	$ 36,000	$ 117,154
Stock price per share | $ / shares	$ 0.50	$ 0.263	$ 0.005	$ 0.01	$ 0.005			$ 0.45	$ 0.263	$ 0.263	$ 0.005
Common shares cancelled													65,600,000	4,920,000
Alberta Ltd [Member]
Common Stock, Shares Issued																1,923,285
Common Stock, Shares Outstanding																1,923,285
Acquire percentage of issued and outstanding shares																100.00%
Exchange of common stock for acquisition																65,600,000
Shares held in escrow account																65,600,000

Note 6. Notes Payable (Details)

Note 6. Notes Payable (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Note 6. Notes Payable Details
Note Payable		$ 126,300
Total notes payable		126,300
Current portion		$ 126,300

Note 6. Notes Payable (Details

Note 6. Notes Payable (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Note 6. Notes Payable Details Narrative
Accrued interest		$ 50,324
Notes payable original amount	$ 199,800
Interest rate	10.00%

NOTE 7. COMMITMENTS AND CONTI27

NOTE 7. COMMITMENTS AND CONTINGENCIES (Details Narrative) - shares	Feb. 10, 2017	Dec. 31, 2016	Oct. 31, 2016	Dec. 31, 2015	Oct. 24, 2015	Sep. 10, 2015
Common Stock, Shares Issued		93,911,633		80,331,633		31,635,598
Common Stock, Shares Outstanding		93,911,633		80,331,633		31,635,598
Common shares cancelled	65,600,000		4,920,000
Alberta Ltd [Member]
Common Stock, Shares Issued					1,923,285
Common Stock, Shares Outstanding					1,923,285
Acquire percentage of issued and outstanding shares					100.00%
Exchange of common stock for acquisition					65,600,000
Shares held in escrow account					65,600,000

NOTE 9. SUBSEQUENT EVENTS (Deta

NOTE 9. SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Mar. 06, 2017	Feb. 10, 2017	Jan. 10, 2017	Oct. 31, 2016
Common shares cancelled		65,600,000		4,920,000
Subsequent Event [Member] | Alberta Ltd [Member]
Common shares cancelled			65,600,000
Termination of issued and outstanding shares agreement			193,285
Subsequent Event [Member] | Chief Executive Officer [Member]
Restricted common shares	60,000,000
Payment for accounts payable	$ 231,259
Subsequent Event [Member] | New Opportunity Business Solutions, Inc [Member]
Restricted common shares sold	1,465,130
Subsequent Event [Member] | Oncolix, Inc [Member]
Restricted common shares sold	60,000,000