Leafbuyer (LBUY) 10-K 9 Dec 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Document and Entity Information:
Entity Registrant Name	AP EVENT INC.
Document Type	10-K
Document Period End Date	Jun. 30, 2016
Trading Symbol	apevent
Amendment Flag	false
Entity Central Index Key	1,643,721
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding	6,280,000
Entity Public Float		$ 0
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

Statement of Financial Position

Statement of Financial Position - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 24,108	$ 4,510
Assets, Noncurrent
Property, Plant and Equipment, Gross	1,937
Assets	26,045	4,510
Liabilities, Current
Accrued Liabilities, Current	6,500	3,500
Liabilities, Noncurrent
Due to Related Parties, Noncurrent	3,617	617
Liabilities	10,117	4,117
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Common Stock, Value, Issued	6,280	5,000
Additional Paid in Capital, Common Stock	24,320
Retained Earnings (Accumulated Deficit)	(14,672)	(4,607)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 15,928	$ 393
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	6,280,000	5,000,000
Common Stock, Shares Outstanding	6,280,000	5,000,000
Liabilities and Equity	$ 26,045	$ 4,510

Statement of Operations (Unaudi

Statement of Operations (Unaudited) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2016
Revenues
Sales Revenue, Services, Net		$ 8,500
Revenues	$ 0	8,500
Cost of Revenue
Cost of Revenue	0	0
Gross Profit	0	8,500
Amortization of Deferred Charges
Administrative Expense	4,607	18,565
Total Operating Expenses	4,607	18,565
Net loss from operations	(4,607)	(10,065)
Interest and Debt Expense
Net Income (Loss)	$ (4,607)	$ (10,065)
Earnings Per Share
Weighted Average Number of Shares Outstanding, Basic	445,736	5,493,388
Earnings Per Share, Basic and Diluted	$ 0	$ 0

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY - 12 months ended Jun. 30, 2016 - USD ($)	Common Stock	Additional paid-in-capital	Retained Earnings	Total
Shares issued beginning balance at Jun. 30, 2015	5,000,000			5,000,000
Stockholders' equity beginning balance at Jun. 30, 2015	$ 5,000	$ 0	$ (4,607)	$ 393
Shares issued during period	1,280,000			1,280,000
Net Income (Loss)			(10,065)	$ (10,065)
Adjustment to additional paid-in-capital		24,320		$ 24,320
Shares issued ending balance at Jun. 30, 2016	6,280,000			6,280,000
Stockholders' equity ending balance at Jun. 30, 2016	$ 6,280	$ 24,320	$ (14,672)	$ 15,928

Statements of Cash Flows

Statements of Cash Flows - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2016
Net Cash Provided by (Used in) Operating Activities
Net loss for the period	$ (4,607)	$ (10,065)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Depreciation		743
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable and Accrued Liabilities	3,500	3,000
Net Cash Provided by (Used in) Operating Activities	(1,107)	(6,322)
Net Cash Provided by (Used in) Investing Activities
Payments to Acquire Property, Plant, and Equipment		(2,680)
Net Cash Provided by (Used in) Investing Activities	0	(2,680)
Net Cash Provided by (Used in) Financing Activities
Proceeds from Issuance of Common Stock	5,000	25,600
Proceeds from director loans	617	3,000
Net Cash Provided by (Used in) Financing Activities	5,617	28,600
Cash and Cash Equivalents, Period Increase (Decrease)	4,510	19,598
Cash and Cash Equivalents, at Carrying Value	0	4,510
Cash and Cash Equivalents, at Carrying Value	$ 4,510	$ 24,108

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements	12 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements:
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies	ORGANIZATION AND BASIS OF PRESENTATION AP EVENT INC.(the “Company”) was established under the corporation laws in the State of Nevada, United States of America on October 16, 2014. The Company’s principal office address is Husovo namesti 7, Okres Praha - Zapad, Czech Republic 25301 Since inception the Company has devoted substantially all of its efforts to establishing a new business. The Company’s primary services are as follows: delivering a touristic service to broad public. Services and products provided by our company may include custom packages according to client’s specifications and travel consultation. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan. The Company has adopted a June 30 fiscal year end. GOING CONCERN The Company’s financial statements been prepared using generally accepted accounting principles 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 expenses. The Company has incurred a cumulative net loss from inception (October 16, 2014) through June 30, 2016 of $14,672. These factors, among others, raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and in accordance with Article 10 of Regulation S-X of the United States Securities and Exchange Commission ("SEC"). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company's management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2016 and the results of operations and cash flows for the periods presented. The results of operations for the three and nine months ended June 30, 2016 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto for the period ended June 30, 2015 filed with the SEC in form S-1/A on November 24, 2015. Fair Value Measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis. Revenue Recognition The Company follows the guidance of the Accounting Standards Codification ("ASC") Topic 605, "Revenue Recognition." It records revenue when persuasive evidence of an arrangement exists, services have been rendered, the selling price to the customer is fixed or determinable and collectability of the revenue is reasonably assured. Start-Up Costs In accordance with ASC 720, “ Start-up Costs”, Income taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. There are no material uncertain tax positions at June 30, 2016. CAPTIAL STOCK The Company has 75,000,000 shares of common stock authorized with a par value of $ 0.001 per share. On June 8, 2015, the Company issued 5,000,000 shares at $0.001 per share for total proceeds of $5,000 to the company’s founder. In January and February 2016, the Company issued 1,280,000 shares at $0.02 per share for total proceeds of $25,600. As of June 30, 2016, the Company had 6,280,000 shares issued and outstanding.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2016
Income Taxes:
Income Tax Disclosure	INCOME TAX The reconciliation of income tax benefit at the U.S. statutory rate of 34% for the periods ended June 30, 2015 and 2016 to the Company’s effective tax rate is as follows: 2016 2015 Income tax benefit at statutory rate $ (3,422) $ (1,560) Change in valuation allowance 3,422 1,560 Income tax benefit - -) The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of June 30, 2015 and June 30, 2016 are as follows: 2016 2015 Net Operating Loss $ (4,988) $ (1,560) Valuation allowance 4,988 1,560 Net deferred tax asset - -) The Company has $ net operating losses (“NOL”) carried forward to offset taxable income in future years which expire commencing in fiscal 2036.

Related Party Disclosures

Related Party Disclosures	12 Months Ended
	Jun. 30, 2016
Related Party Disclosures:
Related Party Transactions Disclosure	RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. Since October 16, 2014 (I nception through the director loaned the Company $ to pay for incorporation costs and operating expenses . As of June 30, 2016 , amount was $ 617 . The loan is non-interest bearing, due upon demand and unsecured.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2016
Subsequent Events:
Subsequent Events	SUBSEQUENT EVENTS Management has evaluated events occurring after the date of these financial statements through December 8, 2016 the date that these financial statements were available to be issued. There have been no other events that would require adjustment to or disclosure in the financial statements.

Uncategorized Items - apevent-2

Label	Element	Value
Shares issued during period	us-gaap_StockIssuedDuringPeriodSharesOther	5,000,000
Common Stock
Shares issued during period	us-gaap_StockIssuedDuringPeriodSharesOther	5,000,000
Retained Earnings
Net Income (Loss)	us-gaap_NetIncomeLoss	$ (4,607)