Connexa Sports (YYAI) 10-K 6 Aug 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2019	Aug. 06, 2019
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	LAZEX INC.
Entity Central Index Key	0001674440
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 0
Entity Common Stock, Shares Outstanding		6,095,000
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Current Assets
Cash	$ 1,994	$ 20,782
Prepaid expenses	645	645
Total Current assets	2,639	21,427
Fixed assets, net of accumulated depreciation	750	1,750
Intangible assets, net of accumulated depreciation	1,734	3,334
Total Assets	5,123	26,511
Current Liabilities
Accrued expenses	0	2,099
Stock refund payable	1,200	0
Advances from related parties	10,114	1,114
Total Current Liabilities	11,314	3,213
Commitment and Contingencies	$ 0	$ 0
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 75,000,000 shares authorized; 6,095,000 and 6,155,000 shares issued and outstanding as of April 30, 3019 and April 30, 2018, respectively	6,095	6,155
Additional paid-in-capital	$ 20,805	$ 21,945
Accumulated Deficit	(33,091)	(4,802)
Total Stockholders' Equity (Deficit)	(6,191)	23,298
Total Liabilities and Stockholders' Equity (Deficit)	$ 5,123	$ 26,511

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	75,000,000	75,000,000
Common stock shares issued and outstanding	6,095,000	6,155,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income Statement [Abstract]
Revenue	$ 0	$ 13,240
Operating expenses
General and administrative expenses	5,339	4,540
Accounting and legal	14,400	9,480
Consulting services	8,550	4,000
Videography service	0	3,000
Total Operating expenses	28,289	21,020
Net income (loss) from operations	(28,289)	(7,780)
Income (Loss) before taxes	(28,289)	(7,780)
Provision for taxes	0	0
Net income (loss)	$ (28,289)	$ (7,780)
Income (Loss) per common share: Basic and Diluted	$ 0	$ 0
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	6,098,452	5,812,301

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Total	Common Stock	Additional Paid-in- Capital	Retained Earnings
Balances at Apr. 30, 2017	$ 12,378	$ 5,220	$ 4,180	$ 2,978
Balances (in shares) at Apr. 30, 2017		5,220,000
Common Shares issued for cash at $0.02 per share	18,700	$ 935	17,765
Common Shares issued for cash at $0.02 per share (in shares)		935,000
Net loss for the year	(7,780)			(7,780)
Balances at Apr. 30, 2018	23,298	$ 6,155	$ 21,945	(4,802)
Balances (in shares) at Apr. 30, 2018		6,155,000
Net loss for the year	$ (28,289)			(28,289)
Common shares repurchased and cancelled	(1,200)	(60)	(1,140)
Common shares repurchased and cancelled (in shares)		(60,000)
Balances at Apr. 30, 2019	$ (6,191)	$ 6,095	$ 20,805	$ (33,091)
Balances (in shares) at Apr. 30, 2019		6,095,000

STATEMENTS OF CHANGES IN STOC_2

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical)	12 Months Ended
	Apr. 30, 2018USD ($)
Statement of Stockholders' Equity [Abstract]
Common Shares issued for cash, dividends per share	$ 0.02

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Operating Activities
Net income (loss)	$ (28,289)	$ (7,780)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	2,600	2,466
Changes in operating assets and liabilities
Accrued expenses	(2,099)	(3,774)
Net cash provided by (used in) operating activities	(27,788)	(9,088)
Investing Activities
Acquisition of intangible assets	0	(4,800)
Net Cash used in investing activities	0	(4,800)
Financing Activities
Proceeds from sale of common stock	0	18,700
Proceeds from loan from shareholder	9,000	0
Net cash provided by financing activities	9,000	18,700
Net increase (decrease) in cash and equivalents	(18,788)	4,812
Cash and equivalents at beginning of the period	20,782	15,970
Cash and equivalents at end of the period	1,994	20,782
Cash paid for:
Interest	0	0
Taxes	0	34
Supplemental disclosure of non-cash investing and financing information:
Repurchase of common stock for refund payable	$ 1,200	$ 0

- ORGANIZATION AND NATURE OF BU

- ORGANIZATION AND NATURE OF BUSINESS	12 Months Ended
	Apr. 30, 2019
- ORGANIZATION AND NATURE OF BUSINESS [Abstract]
- ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS LAZEX INC. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on July 12, 2015. The Company operates in the travel agency and tours consulting business.

- GOING CONCERN

- GOING CONCERN	12 Months Ended
	Apr. 30, 2019
- GOING CONCERN [Abstract]
- GOING CONCERN	NOTE 2 - GOING CONCERN The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has an accumulated deficit since Inception (July 12, 2015) of $33,091 as of April 30, 2019 and more losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern. 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 third party 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 ACCOUN

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2019
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented in US dollars. Use of estimates The preparation of financial statements in conformity with GAAP 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. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. There were no cash equivalents as of April 30, 2019 or 2018. F-7 Fair Value of Financial Instruments The Company's financial instruments consist of cash and cash equivalents, accrued expenses and amounts due to related parties. The carrying amount of these financial instruments approximate fair value due to their short-term maturity. Foreign Operations The Company's assets and operations are primarily maintained and conducted in the Czech Republic. The Company's functional currency is the US dollar and its cash is deposited in US based banks and is denominated in US dollars. Concentrations of Credit Risk The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents. Intangible Assets Computer Software is stated at cost and amortized on the straight-line method over the estimated life of 3 years. At April 30, 2019 total capitalized cost was $4,800 and accumulated amortization was $3,066. Amortization expense for the year ended April 30, 2019 and 2018 was $1,600 and $1,466, respectively. Property and Equipment Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years. At April 30, 2019 total capitalized cost was $3,000 and accumulated depreciation was $2,250. Depreciation expense for the years ended April 30, 2019 and 2018 was $1,000 and $1,000, respectively. Net Income (Loss) Per Share The Company computes income (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of April 30, 2019 and 2018 there were no potentially dilutive common shares outstanding. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Revenue Recognition Beginning on May 1, 2018 we adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and consulting services. The adoption of ASC Topic 606 had no impact on our prior year or previously disclosed amounts. In accordance with ASC Topic 606, revenue is recognized when the following criteria are met: Identification of the contract, or contracts, with customer; Identification of the performance obligations in the contract; Determination of the transaction price; Allocation of the transaction price to the performance obligations in the contract; and Recognition of revenue when, or as, we satisfy performance obligation. For the year ended April 30, 3019, the Company did not generate any revenue. For the year ended April 30, 2018, we generated $13,240 in revenues for tours and travel consulting services. None of these services were provided to related parties. F-7 Recent Accounting Pronouncements Although there are several new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or results of operations

- CAPTIAL STOCK

- CAPTIAL STOCK	12 Months Ended
	Apr. 30, 2019
- CAPTIAL STOCK [Abstract]
- CAPTIAL STOCK	NOTE 4 - CAPTIAL STOCK The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share. On May 15, 2018, the Company canceled 60,000 of its common shares and accrued a stock refund payable of $1,200. As of April 30, 3019, the Company had 6,095,000 compared to 6,155,000 shares issued and outstanding as of April 30, 2018.

- RELATED PARTY TRANSACTIONS

- RELATED PARTY TRANSACTIONS	12 Months Ended
	Apr. 30, 2019
- RELATED PARTY TRANSACTIONS [Abstract]
- RELATED PARTY TRANSACTIONS	NOTE 5 - 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 attain 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 July 12, 2015 (I nception ) through April 30, 3019, the Company's sole officer and director advanced the Company $ 10,114 to pay for incorporation costs and operating expenses, of which $9,000 was advanced during the year ended April 30, 2019 . As of April 30, 3019, the amount outstanding was $ 10,114 . The advances are non-interest bearing, due upon demand and unsecured. The Company's sole officer and director provided services and office space. The Company does not pay any rent to or compensation for services rendered by its sole officer and director, and there is no agreement to pay any rent or compensation in the future.

- MAJOR CUSTOMERS

- MAJOR CUSTOMERS	12 Months Ended
	Apr. 30, 2019
- MAJOR CUSTOMERS [Abstract]
- MAJOR CUSTOMERS	NOTE 6 - MAJOR CUSTOMERS During years ended April 30, 2019 and 2018, the following customers represented more than 10% of the Company's sales: Customer Nine months ended April 30, 3019 Year ended April 30, 2018 $ % $ % Customer A - - 2,490 18.81 Customer B - - 2,950 22.28 Customer C - - 2,500 18.88 Customer D 5,300 40.03 Total concentration - - 13,240 100.00

- INCOME TAXES

- INCOME TAXES	12 Months Ended
	Apr. 30, 2019
- INCOME TAXES [Abstract]
- INCOME TAXES	NOTE 7 - INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company used an effective tax rate of 21% when calculating the deferred tax assets and liabilities and income tax provision below. Net deferred tax liabilities consist of the following components as of April 30, 2019 and 2018: 2019 2018 Deferred tax asset: NOL Carryover $ 9,500 $ 1,424 Deferred tax liabilities: Depreciation (400) (368) Valuation allowance (9,100) (1,056) Net deferred tax asset $ - $ - The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended April 30, 2019 and 2018 due to the following: 2019 2018 Book Income $ (5,900) $ (1,634) Depreciation 400 210 Valuation allowance 5,500 1,424 $ - $ - At April 30, 2019, the Company had net operating loss carryforwards of approximately $36,000 that may be offset against future taxable income for the year 2020 through 2039. No tax benefit has been reported in the April 30, 2019 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. We are required to file income tax returns in the U.S. Federal jurisdiction. Tax years that remain subject to examination are 2016 and forward. We comply with the provisions of FASB ASC 740 in accounting for our uncertain tax positions. ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, we may recognize the tax benefit from an uncertain tax position only if it is more likely that not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. We have determined that we have no significant uncertain tax positions requiring recognition under ASC 740. Due to the change in ownership provision of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards in future years may be limited.

- SUBSEQUENT EVENTS

- SUBSEQUENT EVENTS	12 Months Ended
	Apr. 30, 2019
- SUBSEQUENT EVENTS [Abstract]
- SUBSEQUENT EVENTS	NOTE 8 - SUBSEQUENT EVENTS In accordance with ASC 855-10 management has performed an evaluation of subsequent events from April 30, 2019 through the date the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements. F-8 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None. ITEM 9A. CONTROLS AND PROCEDURES Disclosure Controls and Procedures We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer / Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Management's Annual Report on Internal Control Over Financial Reporting Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Exchange Act. This rule defines internal control over financial reporting as a process designed by, or under the supervision of, our Chief Executive Officer and Chief Financial Officer, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. GAAP. Our internal control over financial reporting includes those policies and procedures that: • Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect our transactions and dispositions; • Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and • Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. With the participation of the Chief Executive Officer/Chief Financial Officer, our management conducted an evaluation of the effectiveness of our internal control over financial reporting. Based on this evaluation, our management has concluded that our internal control over financial reporting was not effective as of April 30, 2019, as the result of material weaknesses. The material weaknesses result from individual material weaknesses and/or significant deficiencies in internal control that collectively constitute a material weakness. A significant deficiency is a deficiency, or combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness; yet important enough to merit attention by those responsible for oversight of the registrant's financial reporting. We had the following material weaknesses at April 30, 2019: • We have a lack of proper segregation of duties. • Lack of audit committee or independent board of directors • Lack of in-house accounting knowledge • Our internal control structure lacks multiple levels of review and oversight. Changes in Internal Controls over Financial Reporting There have been no changes in the Company's internal control over financial reporting during the last quarterly period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. ITEM 9B. OTHER INFORMATION None. PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS OF THE COMPANY Name and Address of Executive Officer and/or Director Age Position Iuliia Gitelman 68/29 Husitska st., Zizkov, Prague, Czech Republic 13000 35 President, Treasurer, Secretary and Director (Principal Executive, Financial and Accounting Officer) Iuliia Gitelman has acted as our President, Treasurer, Secretary and sole Director since we incorporated on July 12, 2015. Ms. Gitelman owns 82.03% of the outstanding shares of our common stock. As such, it was unilaterally decided that Ms. Gitelman was going to be our sole President, Chief Executive Officer, Treasurer, and Chief Financial Officer, Chief Accounting Officer, Secretary and sole member of our board of directors. We expect our director Iuliia Gitelman to successfully execute her duties on the account of professional education in tourism. She graduated from The Institute of Hospitality Management in Prague (Czech Republic), in 2005, where she had managed to receive professional knowledge and enlarge it while studying the Master's program course in the same university from 2006 to 2008. Since 2008 till 2009, she worked in travel agency “Kokpit Arena Franko Tour”, LLC as tour's manager. Later, in 2009 she received MBA in Hospitality and tourism in The New European College (NEC), in Munich, Germany. Since 2009 till 2014, she worked in Staropramen Brewery museum as project manager. Since 2014 till 2015, she was a freelance tour guide in Prague (Czech Republic). As she successfully advanced in her career paired with training for MBA, we expect that Ms. Gitelman's specific experience, qualifications, attributes and skills can lead our company to an advanced level. During the past ten years, Ms. Gitelman has not been the subject to any of the following events: 1. Any bankruptcy petition filed by or against any business of which Ms. Gitelman was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time. 2. Any conviction in a criminal proceeding or being subject to a pending criminal proceeding. 3. An order, judgment, or decree, not subsequently reversed, suspended or vacated, or any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting Ms. Gitelman's involvement in any type of business, securities or banking activities. 4. Found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Future Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated. 5. Was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right to engage in any activity described in paragraph (f)(3)(i) of this section, or to be associated with persons engaged in any such activity; 6. Was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated; 7. Was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: i. Any Federal or State securities or commodities law or regulation; or ii. Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or iii. Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or 8. Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member. AUDIT COMMITTEE We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive. Further, because we have nominal operations, at the present time, we believe the services of a financial expert are not warranted. SIGNIFICANT EMPLOYEES Other than our director, we do not expect any other individuals to make a significant contribution to our business. ITEM 11. EXECUTIVE COMPENSATION The following tables set forth certain information about compensation paid, earned or accrued for services by our Executive Officer for the years ended April 30, 2019 and 2018: Summary Compensation Table Name and Principal Position Period Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) All Other Compensation ($) Total ($) Iuliia Gitelman, President, Secretary and Treasurer Year ended April 30 2018 -0- -0- -0- -0- -0- -0- -0- -0- Year ended April 30 2018 -0- -0- -0- -0- -0- -0- -0- -0- There are no current employment agreements between the company and its officer. There are no annuity, pension or retirement benefits proposed to be paid to the officer or director or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the company or any of its subsidiaries, if any. CHANGE OF CONTROL As of April 30, 2019, we had no pension plans or compensatory plans or other arrangements which provide compensation in the event of a termination of employment or a change in our control. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The following table sets forth information as of April 30, 2019 regarding the ownership of our common stock by each shareholder known by us to be the beneficial owner of more than five percent of our outstanding shares of common stock, each director and all executive officers and directors as a group. Except as otherwise indicated, each of the shareholders has sole voting and investment power with respect to the shares of common stock beneficially owned. Title of Class Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage Common Stock Iuliia Gitelman 68/29 Husitska st., Zizkov, Prague, Czech Republic 13000 5,000,000 shares of common stock (direct) 82.03% The percent of class is based on 6,095,000 shares of common stock issued and outstanding as of the date of this annual report. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS On April 29, 2016, we issued a total of 5,000,000 shares of restricted common stock to Iuliia Gitelman, our sole officer and director in consideration of $5,000. Further, Ms. Gitelman has advanced funds to us. As of April 30, 2019, Ms. Gitelman has advanced to us $10,114, of which $9,000 was advanced during the year ended April 30, 2019. There is no due date for the repayment of the funds advanced by Ms. Gitelman. Ms. Gitelman will be repaid from revenues of operations if and when we generate sufficient revenues to pay the obligation. The obligation to Ms. Gitelman does not bear interest. There is no written agreement evidencing the advancement of funds by Ms. Gitelman or the repayment of the funds to Ms. Gitelman. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES During fiscal years ended April 30, 2019 and 2018, we incurred the following fees to our independent certified public accountant: April 30, 2019 April 30, 2018 Audit fees $ 11,200 $ 6,396 Audit related fees - - Tax fees - - All other fees - - Total fees $ 11,200 $ 6,396 "Audit Fees" consisted of fees billed for services rendered for the audit of the Company's annual financial statements and\ audit related fees are for review of the financial statements included in the Company's quarterly reports on Form 10-Q. ITEM 15. EXHIBITS The following exhibits are filed as part of this Annual Report. Exhibits: 31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a). 32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002. 101 Interactive data files pursuant to Rule 405 of Regulation S-T. SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. LAZEX INC. Dated: August 6, 2019 By: /s/ Iuliia Gitelman Iuliia Gitelman, President and Chief Executive Officer and Chief Financial Officer

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2019
Significant Accounting Policies (Policies) [Abstract]
Basis of Presentation	Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented in US dollars. Use of estimates The preparation of financial statements in conformity with GAAP 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. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. There were no cash equivalents as of April 30, 2019 or 2018. F-7 Fair Value of Financial Instruments The Company's financial instruments consist of cash and cash equivalents, accrued expenses and amounts due to related parties. The carrying amount of these financial instruments approximate fair value due to their short-term maturity. Foreign Operations The Company's assets and operations are primarily maintained and conducted in the Czech Republic. The Company's functional currency is the US dollar and its cash is deposited in US based banks and is denominated in US dollars. Concentrations of Credit Risk The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents. Intangible Assets Computer Software is stated at cost and amortized on the straight-line method over the estimated life of 3 years. At April 30, 2019 total capitalized cost was $4,800 and accumulated amortization was $3,066. Amortization expense for the year ended April 30, 2019 and 2018 was $1,600 and $1,466, respectively. Property and Equipment Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years. At April 30, 2019 total capitalized cost was $3,000 and accumulated depreciation was $2,250. Depreciation expense for the years ended April 30, 2019 and 2018 was $1,000 and $1,000, respectively. Net Income (Loss) Per Share The Company computes income (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of April 30, 2019 and 2018 there were no potentially dilutive common shares outstanding. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Revenue Recognition Beginning on May 1, 2018 we adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and consulting services. The adoption of ASC Topic 606 had no impact on our prior year or previously disclosed amounts. In accordance with ASC Topic 606, revenue is recognized when the following criteria are met: Identification of the contract, or contracts, with customer; Identification of the performance obligations in the contract; Determination of the transaction price; Allocation of the transaction price to the performance obligations in the contract; and Recognition of revenue when, or as, we satisfy performance obligation. For the year ended April 30, 3019, the Company did not generate any revenue. For the year ended April 30, 2018, we generated $13,240 in revenues for tours and travel consulting services. None of these services were provided to related parties. F-7 Recent Accounting Pronouncements Although there are several new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or results of operations

- MAJOR CUSTOMERS (Tables)

- MAJOR CUSTOMERS (Tables)	12 Months Ended
	Apr. 30, 2019
- MAJOR CUSTOMERS (Tables) [Abstract]
During years ended April 30, 2019 and 2018, the following customers represented more than 10% of the Company's sales	During years ended April 30, 2019 and 2018, the following customers represented more than 10% of the Company's sales: Customer Nine months ended April 30, 3019 Year ended April 30, 2018 $ % $ % Customer A - - 2,490 18.81 Customer B - - 2,950 22.28 Customer C - - 2,500 18.88 Customer D 5,300 40.03 Total concentration - - 13,240 100.00

- INCOME TAXES (Tables)

- INCOME TAXES (Tables)	12 Months Ended
	Apr. 30, 2019
- INCOME TAXES (Tables) [Abstract]
Net deferred tax liabilities consist	Net deferred tax liabilities consist of the following components as of April 30, 2019 and 2018: 2019 2018 Deferred tax asset: NOL Carryover $ 9,500 $ 1,424 Deferred tax liabilities: Depreciation (400) (368) Valuation allowance (9,100) (1,056) Net deferred tax asset $ - $ -
The income tax provision differs	The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended April 30, 2019 and 2018 due to the following: 2019 2018 Book Income $ (5,900) $ (1,634) Depreciation 400 210 Valuation allowance 5,500 1,424 $ - $ -

- SUBSEQUENT EVENTS (Tables)

- SUBSEQUENT EVENTS (Tables)	12 Months Ended
	Apr. 30, 2019
- SUBSEQUENT EVENTS (Tables) [Abstract]
DIRECTORS, EXECUTIVE OFFICERS,	ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS OF THE COMPANY Name and Address of Executive Officer and/or Director Age Position Iuliia Gitelman 68/29 Husitska st., Zizkov, Prague, Czech Republic 13000 35 President, Treasurer, Secretary and Director (Principal Executive, Financial and Accounting Officer)
Summary Compensation Table	Summary Compensation Table Name and Principal Position Period Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) All Other Compensation ($) Total ($) Iuliia Gitelman, President, Secretary and Treasurer Year ended April 30 2018 -0- -0- -0- -0- -0- -0- -0- -0- Year ended April 30 2018 -0- -0- -0- -0- -0- -0- -0- -0-
The following table sets forth information as of April 30, 2019 regarding the ownership of our common stock by each shareholder	The following table sets forth information as of April 30, 2019 regarding the ownership of our common stock by each shareholder known by us to be the beneficial owner of more than five percent of our outstanding shares of common stock, each director and all executive officers and directors as a group. Except as otherwise indicated, each of the shareholders has sole voting and investment power with respect to the shares of common stock beneficially owned. Title of Class Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage Common Stock Iuliia Gitelman 68/29 Husitska st., Zizkov, Prague, Czech Republic 13000 5,000,000 shares of common stock (direct) 82.03%
During fiscal years ended April 30, 2019 and 2018, we incurred the following fees to our independent certified public accountant:	During fiscal years ended April 30, 2019 and 2018, we incurred the following fees to our independent certified public accountant: April 30, 2019 April 30, 2018 Audit fees $ 11,200 $ 6,396 Audit related fees - - Tax fees - - All other fees - - Total fees $ 11,200 $ 6,396

- GOING CONCERN (Details Text)

- GOING CONCERN (Details Text)	Apr. 30, 2019USD ($)
Going Concern Details_ [Abstract]
The Company has an accumulated deficit since Inception (July 12, 2015) of $33,091 as of April 30, 2019 and more losses are anticipated in the development of its business	$ 33,091

- SUMMARY OF SIGNIFICANT ACCO_2

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Summary Of Significant Accounting Policies Details_ [Abstract]
At April 30, 2019 total capitalized cost was $4,800	$ 4,800
At April 30, 2019 accumulated amortization was $3,066	3,066
Amortization expense for the year ended April 30, 2019 and 2018 was $1,600 and $1,466, respectively.	1,600	$ 1,466
For the year ended April 30, 3019, the Company did not generate any revenue. For the year ended April 30, 2018, we generated $13,240 in revenues for tours and travel consulting services. None of these services were provided to related parties.	$ 0	$ 13,240

- CAPTIAL STOCK (Details Text)

- CAPTIAL STOCK (Details Text) - $ / shares	Apr. 30, 2019	May 18, 2018
Stock Dividends, Shares [Abstract]
On May 15, 2018, the Company canceled 60,000 of its common shares and accrued a stock refund payable of $1,200		$ 1,200
The percent of class is based on 6,095,000 shares of common stock issued and outstanding as of the date of this annual report.	6,095,000

- RELATED PARTY TRANSACTIONS (D

- RELATED PARTY TRANSACTIONS (Details Text)	46 Months Ended
	Apr. 30, 2019
Related Party Transaction, Due from (to) Related Party [Abstract]
Since July 12, 2015 (Inception) through April 30, 3019, the Company's sole officer and director advanced the Company $10,114 to pay for incorporation costs and operating expenses, of which $9,000 was advanced during the year ended April 30, 2019.	10114

- MAJOR CUSTOMERS (Details 1)

- MAJOR CUSTOMERS (Details 1)	12 Months Ended
	Apr. 30, 2018USD ($)
Major Customers_ Details_ [Abstract]
Customer A	$ 2,490
Customer B	2,950
Customer C	2,500
Customer D	5,300
Total concentration	$ 13,240

- MAJOR CUSTOMERS (Details Text

- MAJOR CUSTOMERS (Details Text)	Apr. 30, 2019USD ($)
Major Customers_ Abstract_ [Abstract]
During years ended April 30, 2019 and 2018, the following customers represented more than 10% of the Company's sales:	$ 10

- INCOME TAXES (Details 1)

- INCOME TAXES (Details 1) - USD ($)	Apr. 30, 2019	Apr. 30, 2018
Income Taxes_ [Abstract]
NOL Carryover	$ 9,500	$ 1,424
Depreciation	(400)	(368)
Valuation allowance	(9,100)	(1,056)
Net deferred tax asset	$ 0	$ 0

- INCOME TAXES (Details 2)

- INCOME TAXES (Details 2) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income_ Taxes_ [Abstract]
Book Income	$ (5,900)	$ (1,634)
Depreciation	400	210
Valuation allowance	$ 5,500	$ 1,424

- INCOME TAXES (Details Text)

- INCOME TAXES (Details Text)	Apr. 30, 2019USD ($)
- INCOME TAXES [Abstract]
At April 30, 2019, the Company had net operating loss carryforwards of approximately $36,000 that may be offset against future taxable income for the year 2020 through 2039	$ 36,000

- SUBSEQUENT EVENTS (Details 1)

- SUBSEQUENT EVENTS (Details 1)	Apr. 30, 2019USD ($)
Subsequent Events__ [Abstract]
Amount and Nature of Beneficial Ownership: Iuliia Gitelman	$ 5,000,000

- SUBSEQUENT EVENTS (Details 2)

- SUBSEQUENT EVENTS (Details 2) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Subsequent Events_ Details_ [Abstract]
Audit fees	$ 11,200	$ 6,396
Total fees	$ 11,200	$ 6,396

- SUBSEQUENT EVENTS (Details Te

- SUBSEQUENT EVENTS (Details Text) - USD ($)	Apr. 30, 2019	Apr. 29, 2016
Subsequent Events Details Text_ [Abstract]
Gitelman owns 82.03% of the outstanding shares of our common stock	$ 82.03
The percent of class is based on 6,095,000 shares of common stock issued and outstanding as of the date of this annual report.	6,095,000
On April 29, 2016, we issued a total of 5,000,000 shares of restricted common stock to Iuliia Gitelman, our sole officer and director in consideration of $5,000		5,000
Gitelman has advanced to us $10,114, of which $9,000 was advanced during the year ended April 30, 2019	$ 10,114