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<!--egx--><p style='margin:0in 0in 0pt'><b><u>1. NATURE OF OPERATIONS</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><b>APT Systems, Inc</b>. (“APT Systems”, “the Company”, "We" or "Us") was incorporated in the State of Delaware on October 29, 2010 (“Inception”) to engage in the creation of innovative stock trading platforms, financial apps and visualization solutions for charting the financial markets. The Company has launched a publication using its Apple developer account and has been concentrating on researching and improving its intellectual property for trading systems, in order to facilitate rolling out new software. Management will continually test trading software products and any profits generated from funds used in live trading tests will be to the benefit of the Company. We constantly strive to pioneer original trading tools along with new approaches for managing risk. Our proprietary custom charting tools and trading platforms will later be available to licensees.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>While management works to deliver stock trading software, it is also seeking to strategically acquire other compatible financial businesses which demonstrate strong growth potential stemming from a solid business plan. Particularly interest is shown in those businesses that own or have licensed software dedicated to trading equities, commodities and or foreign exchange.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In the fiscal year ending January 31, 2015, the Company commenced providing technical writing and computer assisted design services to other startups using a contractor, a related person (family member to the Chief Executive Officer), to generate certain additional revenues. We would anticipate that this revenue will diminish if we are able to raise the necessary funding to allow the contractor to work exclusively on in-house projects.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Within the quarter ending October 31, 2015, the Company’s application to Depository Trust and Clearing Corporation (DTCC) was approved and subsequently the Company’s symbol APTY began trading on the OTC Markets on November 17, 2015. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company is required to file its annual and quarterly financial reports with SEDAR in Canada and will continue to do so for the foreseeable future. The requirement to file is a result of the Issuer being deemed a reporting issuer under MI 51-105 as advised by the Alberta Securities Commission. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Basis of Preparation of Financial Statements</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The accompanying unaudited financial statements of APT Systems have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the nine months ended October 31, 2015 are not necessarily indicative of the final results that may be expected for the year ended January 31, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended January 31, 2015 included in our Form 10-K filed with the SEC.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Use of Estimates and Assumptions</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes 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 period. Actual results could differ from those estimates. Due to uncertainties inherent in the estimation process, it is possible that these estimates could be materially revised within the next year.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Foreign Currency Translation</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The financial statements are presented in United States dollars. In accordance with ASC 830, “<i>Foreign Currency Matters</i>”, foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Cash and Cash Equivalents</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Financial Instruments</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. Accounting Standards Codification (“ASC”) 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels:</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Level 3: Significant unobservable inputs which reflect a reporting entity’s own assumptions about the assumptions that market participants would use for pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, note payable and loan from director approximate their market values as of October 31, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Software</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company has software that it uses for the development of certain mobile phone applications. The software and any upgrades are being amortized over useful lives ranging from 3 – 5 years.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Website</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company accounts for website development costs in accordance with ACS 350-50 “<i>Website Development Costs</i>”. Costs incurred to register domain names, integrated databases and add additional functionality are being amortized over 1 – 3 years. Costs incurred in general maintenance of the website or hosting costs are expensed as incurred.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Deferred Financing Costs</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Costs with respect to issue of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized as debt discount over the term of any debt funding if successful or expensed if the proposed equity or debt transaction is unsuccessful. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>For the nine month period ended October 31, 2015 and for the year ended January 31, 2015, the Company had paid refundable deposits of $13,000 and $0, respectively. The deposits were made to two consulting companies that were to assist the Company in obtaining a $125,000 bridge loan to be utilized by the Company for its public registration purposes, and to assist the Company with an $8,000,000 private equity placement. The deposits are refundable for non-performance. As of the date of this report, neither the bridge loan nor the private placement had been secured. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>During the quarter ended October 31, 2015, one consulting firm refunded to the Company $1,500 of the $4,000 that they were paid as part of their obligation to refund amounts on deposit for non-performance under the agreements. As of October 31, 2015, collection of the remaining amounts owed to the Company on these agreements was uncertain, therefore, $11,500, or 100% of the outstanding balance of the deferred financing costs, was written off effective January 31, 2015. Subsequently, additional funds were recovered in May in the amount of $500 which are recognized as income under the other income and expense head in the statement of operations. No additional refunds were received during the quarter.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Impairment of Long-Lived and Intangible Assets</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In the event that facts and circumstances indicated that the cost of long-lived and intangible assets may be impaired, an evaluation of recoverability will be performed. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset were compared to the asset's carrying amount to determine if a write-down to market value or discounted cash flow value is required.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Income Taxes</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company accounts for income taxes in accordance with FASB ASC 740 “<i>Income Taxes</i>”. Under FASB ASC 740, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities. FASB ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under FASB ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At October 31, 2015 and 2014, the Company has no unrecognized tax benefits. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Revenue Recognition</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer; (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Advertising costs</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Advertising costs are expensed as incurred. The Company recorded no advertising costs during the nine months ending October 31, 2015 and 2014.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Research and Development Costs</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Costs incurred in research and developments are expensed as incurred.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Stock Based Compensation</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. The Company has adopted a stock option plan, as disclosed in <i>Note 8 – Stockholders’ Deficit</i> below. During the nine month periods ended October 31, 2015 and 2014, no stock options had been issued or outstanding.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Basic and Diluted Net Income (Loss) per Share</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company computes net income (loss) per share in accordance with ASC 260, "<i>Earnings per Share</i>" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. For the three and nine months ended October 31, 2015 and 2014, the Company did have potentially dilutive debt instruments that have been excluded from the earnings per share calculation; as such an inclusion would have been anti-dilutive due to the losses incurred in both periods. </p> <p style='margin:0in 0in 12pt'> </p> <p style='margin:0in 0in 0pt'><u>Beneficial Conversion Features</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>If the conversion features of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><u>Recently Issued Accounting Pronouncements</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In August 2014, the FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity's ability to continue as a going concern. If such conditions or events exist, disclosures are required that enable users of the financial statements to understand the nature of the conditions or evens, management's evaluation of the circumstances and management's plans to mitigate the conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. The Company will be required to perform an annual assessment of its ability to continue as a going concern when this standard becomes effective on January 1, 2017; however, the adoption of this guidance is not expected to impact our financial position, results of operations or cash flows.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>3. GOING CONCERN AND LIQUIDITY</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>As of October 31, 2015, the Company had cash of $1,228, insufficient revenue to meet its ongoing operating expenses, liabilities of $239,037, accumulated losses of $450,111 and a shareholders’ deficit of $233,680.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In the audited financial statements for the fiscal years ended January 31, 2015 and 2014, the Reports of our Independent Registered Public Accounting Firm included an explanatory paragraph that describes substantial doubt about our ability to continue as a going concern.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The unaudited financial statements for the nine months ended October 31, 2015 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 anticipates future losses in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans, loans from directors and, or, the sale of common stock. There is no assurance that this series of events will be satisfactorily completed. Financial statements do not include adjustments that may be necessary if the Company is unable to continue as a going concern.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>4. RELATED PARTY TRANSACTIONS</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Effective November 1, 2013, the Company began to accrue a monthly salary of $5,000 per month for the President on an ongoing basis. Accrued officer compensation as of October 31, 2015 and January 31, 2015, was $120,000 and $75,000 respectively. The accrued compensation will only be paid when the directors decide the Company has sufficient liquidity to pay some, or all, of the amounts accrued. The President of the Company can elect at any time to convert some, or all, of her accrued compensation into shares of the Company’s common stock as determined by the Board of Directors in consultation with its legal advisors. The Directors elected to increase the number of shares the company is authorized to issue is 210,000,000 at a par value of $.0001 for common and $.001 for preferred. Breakdown of class of shares shall be 200,000,000 common shares, par value $.0001 and 10,000,000 preferred shares, par value $.001. The Directors then issued management shares under subscription agreements to Glenda Dowie (97,000,000), Joseph Gagnon (2,000,000), Carl Hussey (2,000,000) and Jeffrey Jolliffe (1,000,000) maintaining the controlling interest of Director, Glenda Dowie. Glenda Dowie elected to pay for her shares from funds due to her and the others paid cash for their additional shares.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>As of October 31, 2015 and January 31, 2015, the Company owed the President $4,483 and $8,402 respectively by way of loans. The loans are unsecured, due on demand and interest free.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>During the nine months ended October 31, 2015, the Company commenced providing consulting, technical writing and computer assisted design services to other startups provided by a contractor, a related person (family member to the Chief Executive Officer), to generate certain additional revenues. The Company paid $3,723 and $17,088 and $0 and $3,000 to the related party contractor in respect of the provision of these services during the three and six months ended October 31, 2015 and 2014, respectively </p> <p style='margin:0in 0in 12pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>5. CONVERTIBLE NOTE PAYABLE </u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On January 8, 2014, the Company issued an unsecured convertible note to one accredited investor (as that term is defined under the Securities Act of 1933, as amended) in the aggregate amount of $50,000 This convertible note accrues interest at the rate of 19% per annum and is convertible only when a “qualifying financing” event takes place. The note was initially due and payable on May 7, 2014. The Company secured an initial extension of term of the convertible note to January 29, 2015 and subsequently a further extension to December 31, 2015.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Note, but none of the accrued unpaid interest thereon, may convert into equity securities of the Company at the option of the holder if the Company issues equity securities and any other indebtedness in aggregate with gross proceeds of $1,200,000, including conversion of the Note (a “Qualified Financing”). </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The original conversion price was equal to 80% of the per share price paid by the purchasers of such equity securities in the Qualified Financing. All accrued and unpaid interest will be paid by the Company at time of conversion.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>If a Qualified Financing has not occurred and the Company elects to consummate a sale of the company prior to the maturity date of the Note, the Company will give the holder a minimum ten days prior written notice of an anticipated closing date of such sale of the Company in order that the holder may consider a conversion of their Note into equity in advance of a sale transaction.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>No value has been assigned to the conversion feature attached to this convertible note payable as the possibility of the Company completing such a Qualifying Financing or completing a sale of the Company was, and continues to be, considered to be extremely remote.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Accrued interest payable as of October 31, 2015 and January 31, 2015 was $17,306 and $10,253, respectively. Interest expense was $2,390 and $7,180 for the three and nine months ended October 31, 2015, and $2,395 and 7,106 for the three and nine months ended October 31, 2014, respectively.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On 14th October, 2015 the company entered into an definitive convertible promissory note wherein the Promissory Note dated January 8, 2014 issued to Donald Meador for $ 50,000 was amended to state that the holder of the note may elect payment of the principal and/ or interest or part thereof, owed pursuant to this note to issue or exchange the requisite number of common stock shares of the company. The company has agreed to allow the holder to convert the shares at fixed price of 0.0001. Also, the holder shall not have the right and the company shall not have the obligation to convert all or any portion of the Convertible Promissory Note if and to the extent that the issuance to the Holder of shares of the Company’s Common Stock upon such conversion would result in the Holder being deemed the beneficial owner of the more than 4.99% of the then outstanding shares of Common Stock within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated there under.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Per <i>ASC Topic 470 “Modification or Extinguishment of Debt</i> the terms of the debt instrument have been substaintially modified such that the present value of the cash flows under the modified debt instrument is at least 10% lower than the present value of the remaining cash flows under the orginal convertible promissory note. The difference between the cash flows generated a gain on extinguishment of debt of $14,376 for the three and nine months ended October 31, 2015.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In addition, pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” If the conversion features of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount; the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method. The beneficial conversion feature (debt discount) on the note payable pursuant to the Definitive Conversion Agreement is calculated to be $67,306 as of October 14, 2015. Of that amount, $15,195 was amortized and included in interest expense for the three and nine months ended October 31, 2015.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On October 14, 2015, the noteholder had opted to assign a portion of the loan for payment of $500 and received the approval of the board of directors. There was no change in terms. The principal amount due to the Noteholder has been reduced by $500 and the interest due has been adjusted accordingly. The Directors further agreed to renegotiate the conversion terms of the debt but with the condition that the noteholder may only convert shares providing the total holdings of the noteholder remain at less than five percent ownership of shares of the Company. On October 26, 2015, the Company issued 5,000,000 shares of its common stock valued at $.0001 per share to an unrelated third party in satisfaction of $500 in notes payable that were assigned on October 14, 2015, as referred to above. As such, the Company recognized a loss on the conversion of notes payable of $49,500 for the three and nine months ended October 31, 2015.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The convertible note payable and accrued interest was scheduled for repayment on May 31, 2015. However, we did not have the funds to make any repayment on the scheduled repayment date and were in default until June 29, 2015. We had further reached agreement with the convertible noteholder on September 20, 2015 to further extend the term of the convertible note payable to December 31, 2015. </p> <p style='margin:0in 0in 12pt'> </p> <p style='margin:0in 0in 0pt'>There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the convertible note payable with the convertible noteholder or that we will be able to raise the funding necessary to repay the balance due under the convertible note payable.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On April 17, 2015, APT Systems, Inc. received $5,000 in additional short-term borrowing from the holder of the Convertible Note Payable, Mr. Donald Meador. This was a 60 day demand note. The note payable was scheduled to be repaid on June 16, 2015. However, we did not have the funds to make any repayment on the scheduled repayment date, of June 16, 2015. We had entered into discussions prior to the due date to extend the term of the note payable and effective June 29, 2015, we received confirmation that we had reached agreement with the noteholder to further extend the term of the note payable to October 31, 2015. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>As of October 20, 2015 the Directors agreed that the noteholder be allowed to convert the loan to shares at the noteholder’s option for an extension of the loan until April 23, 2017. There was no additional cost due to the extension agreement. The note carries an interest rate of 8% per annum. Even with this extension, there can be no assurance that we will be able to raise the funding necessary to repay the balance due under the note payable at that time. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Accrued interest payable as of October 31, 2015 and January 31, 2015 was $101 and $0, respectively. Interest expense was $101 for the three and nine months ended October 31, 2015, and $0 for the three and nine months ended October 31, 2014,respectively.</p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>6. NOTES PAYABLE</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> On November 21, 2014, the Company received $5,000 by way of an unsecured short-term loan from a non-related party for a term of nine months at 10% interest due upon repayment Accrued interest of $492 and $118 is included in the financial statements as of October 31, 2015 and January 31, 2015, respectively. The note payable and accrued interest was scheduled to be repaid on May 21, 2015. However, we did not have the funds to make any repayment on the scheduled repayment date and accordingly we went into default under the terms of this note payable on May 21, 2015 and the liability remains outstanding in full as of the date of the issuance of this report. The Company was successful in obtaining an extension until December 31, 2015 upon making an interim renewal payment of $400.00. There can be no assurance that we will be able to raise the funding necessary to repay the balance due under the extended note payable. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company entered into a stock transfer agency agreement dated November 19, 2014 with Pacific Stock Transfer. As part of the agreement, amounts owed to the Company’s previous stock transfer agent of $7,430 were paid by Pacific Stock Transfer, of which $2,189 is to be repaid to Pacific Stock Transfer by the Company in installments of $250 per month beginning on January 3, 2015. Accordingly we also recognized a $5,242 gain on the settlement of the $7,430 balance of accounts payable by assuming a loan of $2,189. Interest at 5% per annum accrues on the unpaid balance of the loan for each month. As of October 31, 2015 and January 31, 2015, accrued interest on this loan was $93 and $9, respectively. As of October 31, 2015, and as of the date of the issuance of this report, we have not had the funds to make any payments under the term of this agreement and consequently were in default under the terms of this agreement as of October 31, 2015 and continue to be in default under the terms of this agreement as of the date of the issuance of this report. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the agreement or that we will be able to raise the funding necessary to repay the balance due under this agreement. The initiation of any collection action by this creditor could affect our ability to execute on our business plan and operations. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On October 2, 2015, the Company received $12,500 by way of an unsecured short-term loan from a non-related party for a term of one year. Principal and interest at 8% per annum accrued thereon are due and payable on October 1, 2016. Accrued interest of $82 and $0 is included in the financial statements as of October 31, 2015 and January 31, 2015, respectively.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company had executed three short-term lending arrangements with non-related party, Mr. Raymond C. Dove, by July 31, 2015. The effective dates of the loans are May 1, 2015, June 22, 2015 and June 27, 2015. The loan amounts are $25,000,$3,000 and $2700, respectively, with interest accruing at 5% per annum. Repayment is in one lump sum due and payable on or before December 4 through December 31, 2015. Additional short term loans were provided in September in the amount of $1,950, with a maturity date of January 31, 2016</p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>7. COMMITMENTS AND CONTINGENCIES</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On July 8, 2014, the Company entered into an agreement to issue 100,000 shares of its common stock as a deposit for an option to acquire 100% of the issued share capital of AZUR Universal Inc., subject to certain terms and conditions. As at the date of this report certain due diligence remains to be completed, no shares have been issued as yet and no liability for this potential future issuance has been recognized in these financial statements. It is anticipated these shares will be issued within the terms and new timelines of the agreement.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company is required to file its annual and quarterly financial reports with SEDAR in Canada. Due to delays in filing its financial statements and other possible forms, the Company believes it may be subject to certain potentially significant penalties to be levied by the Alberta Securities Commission (ASC). These fines have now been stated to be CDN$10,120 or approximately $7,500 as advised and invoiced by the ASC, and have been accrued into the financial statements as of October 31, 2015. The Company is considering engaging its legal counsel to assist in reducing or eliminating these penalties within the next quarter.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>8. SHAREHOLDERS’ DEFICIT</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><b>PREFERRED SHARES</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>No shares of preferred stock were issued and outstanding during the nine months ended October 31, 2015 and 2014.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><b>COMMON SHARES</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company is authorized to issue 200,000,000 shares of common stock, par value $0.0001 per share.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On October 16, 2015, 102,000,000 shares of the Company's common stock were issued at $.0001 per share to management as follows: Jeffrey Jolliffe – 1,000,000; Carl Hussey, Treasurer – 2,000,000; Joseph Gagnon, Secretary - 2,000,000; Glenda Dowie, President & CEO – 97,000,000. All shares are restricted Section144 shares. $10,200 is added in the stockholders' equity section of the financial statements for the value of these shares.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The following equity securities were issued during the nine month periods ended October 31, 2015 and 2014 to management and officers as follows: Jeffrey Jolliffe – 1,000,000 restricted 144 shares; Carl Hussey, Treasurer – 2,000,000 restricted 144 shares; Joseph Gagnon, Secretary - 2,000,000 restricted 144 shares; Glenda Dowie, President & CEO – 97,000,000 restricted 144 shares in 2015 and are recorded as stock receivable and no securities were issued to management or officers in 2014. In addition, the Directors approved the new conversion terms for outstanding loan to Meador and subsequently, part of the debt was sold to an unrelated party. The Directors agreed the acquired debt could be converted to unrestricted shares and undertook a resolution to issue 5,000,000 additional shares bringing the total of both restricted and none restricted shares to 115,915,000 for 2015. While there were cash proceeds of $500 that directly benefited the Company immediately, there was also a reduction of debt, and the Directors hoped to improve upon the liquidity and availability of shares to be traded in public markets.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Shares issued during the nine months ended October 31, 2015 were as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr> <td width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Period</b></p></td> <td valign="bottom" width="95" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Total Number</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>of Shares</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Issued</b></p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="102" colspan="2" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:76.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Par value</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>per Share</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>0.0001</b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Total Number</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>of Shares</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Purchased</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>by Cash</b></p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="108" colspan="2" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:81pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Total Number</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>of Shares</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Purchased by</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>reduction of Debt</b></p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>August 1 – 31, 2015</b></p></td> <td valign="bottom" width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:black 1pt solid;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>September 1 – 30, 2015</b></p></td> <td valign="bottom" width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>October 1 – 31, 2015</b></p></td> <td valign="bottom" width="95" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>107,000,000</p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="84" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>10,700</p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>500</p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>10,200</p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>Total</b></p></td> <td valign="bottom" width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>107,000,000</b></p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b> </b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>$</b></p></td> <td valign="bottom" width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>10,700</b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b> </b></p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>500</b></p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b> </b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>10,200</b></p></td></tr></table></div> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On October 26, 2015, the Company issued 5,000,000 shares of its common stock valued at $.01 per share to an unrelated third party in satisfaction of $500 in notes payable that was assigned to the third party as referred to in <i>Note 5. Convertible Notes Payable</i>.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In addition, the Directors approved the new conversion terms for outstanding loan to Meador and subsequently, part of the debt was sold to an unrelated party. 2015 On October 26, 2015, the Company issued 5,000,000 shares of its common stock at a fair value of $0.0001 per share to an unrelated third party in satisfaction of $500 in notes payable that was assigned to the third party as referred to in <i>Note 5.-- Convertible Notes Payable.</i> The fair value of $0.0001 per share was established with the unrelated third party based on the fact that the Company has had only limited operations to date, incurred losses since inception and has a shareholder deficit in excess of $200,000.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>As of October 31, 2015, there are a total of 115,915,000 of the Company’s common shares issued and outstanding. The majority of these recently issued shares are restricted and 5,000,000 shares were issued as unrestricted.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'><b>STOCK OPTIONS</b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company adopted the 2013 Equity Incentive Plan (the “Plan”) on January 31, 2012, reserving 5,500,000 shares for future issuances, of which a maximum of 2,500,000 may be issued as incentive stock options. The Plan provides for the issuance of non-statutory stock options or restricted stock to officers and employees, with an exercise price that is at least equal to the fair market value of the Company’s common stock on the date of grant. Vesting terms and the lives of the options are to be determined by the Board of Directors upon grant. As of October 31, 2015 and January 31, 2015, no options have been issued or are outstanding under this Plan.</p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><b><u>9. SUBSEQUENT EVENTS</u></b></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>On October 16, 2015, 102,000,000 shares of the Company's common stock were issued at $.0001 per share to management and officers of the Company. Payments by personal cheques were replaced with bank drafts due banking policies and deposited after October 31, 2015 to be accounted for in banking reconciliation for next quarter. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company has retained TESO Communications as its Investor Relations and Public Relations and under the agreement the company is able to pay the invoice with cash or by issuing shares against the invoices submitted. The Directors opted to issue shares before the end of the initial agreement period of January 16, 2015. The agreement represented a cash payment of $25,000 or the issuance of 50,000 restricted common shares and has been recorded accordingly.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company also retained the firm, Small Cap Financial Wire, to manage social media campaigns and investor relations for their existing investor clients. The Directors opted to issue shares in lieu of cash payment for invoices rendered and agreed to amount of 26,670 restricted common shares that was reflective of the current value of the shares in lieu of cash payment for $20,000. These restricted shares will be issued in the upcoming quarter and before year end.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In accordance with <i>ASC 855, Subsequent Events</i>, the Company has evaluated events that occurred subsequent to the balance sheet date through the date of available issuance of these financial statements. The Company determined that other than as disclosed above, there were no material reportable subsequent events to be disclosed.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Basis of Preparation of Financial Statements</u></p> <p style='margin:0in 0in 0pt'> </p>The accompanying unaudited financial statements of APT Systems have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the nine months ended October 31, 2015 are not necessarily indicative of the final results that may be expected for the year ended January 31, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended January 31, 2015 included in our Form 10-K filed with the SEC
<!--egx--><p style='margin:0in 0in 0pt'><u>Use of Estimates and Assumptions</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes 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 period. Actual results could differ from those estimates. Due to uncertainties inherent in the estimation process, it is possible that these estimates could be materially revised within the next year.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Foreign Currency Translation</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The financial statements are presented in United States dollars. In accordance with ASC 830, “<i>Foreign Currency Matters</i>”, foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the year. Gains or losses resulting from foreign currency transactions are included in results of operations.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).</p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Cash and Cash Equivalents</u></p> <p style='margin:0in 0in 0pt'> </p>The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents
<!--egx--><p style='margin:0in 0in 0pt'><u>Financial Instruments</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. Accounting Standards Codification (“ASC”) 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels:</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Level 3: Significant unobservable inputs which reflect a reporting entity’s own assumptions about the assumptions that market participants would use for pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method.</p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, note payable and loan from director approximate their market values as of October 31, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.</p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Software</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company has software that it uses for the development of certain mobile phone applications. The software and any upgrades are being amortized over useful lives ranging from 3 – 5 years.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Website</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company accounts for website development costs in accordance with ACS 350-50 “<i>Website Development Costs</i>”. Costs incurred to register domain names, integrated databases and add additional functionality are being amortized over 1 – 3 years. Costs incurred in general maintenance of the website or hosting costs are expensed as incurred.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Deferred Financing Costs</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Costs with respect to issue of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized as debt discount over the term of any debt funding if successful or expensed if the proposed equity or debt transaction is unsuccessful. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>For the nine month period ended October 31, 2015 and for the year ended January 31, 2015, the Company had paid refundable deposits of $13,000 and $0, respectively. The deposits were made to two consulting companies that were to assist the Company in obtaining a $125,000 bridge loan to be utilized by the Company for its public registration purposes, and to assist the Company with an $8,000,000 private equity placement. The deposits are refundable for non-performance. As of the date of this report, neither the bridge loan nor the private placement had been secured. </p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>During the quarter ended October 31, 2015, one consulting firm refunded to the Company $1,500 of the $4,000 that they were paid as part of their obligation to refund amounts on deposit for non-performance under the agreements. As of October 31, 2015, collection of the remaining amounts owed to the Company on these agreements was uncertain, therefore, $11,500, or 100% of the outstanding balance of the deferred financing costs, was written off effective January 31, 2015. Subsequently, additional funds were recovered in May in the amount of $500 which are recognized as income under the other income and expense head in the statement of operations. No additional refunds were received during the quarter.</p> <p style='margin:0in 0in 0pt'> </p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Impairment of Long-Lived and Intangible Assets</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In the event that facts and circumstances indicated that the cost of long-lived and intangible assets may be impaired, an evaluation of recoverability will be performed. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset were compared to the asset's carrying amount to determine if a write-down to market value or discounted cash flow value is required.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Income Taxes</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company accounts for income taxes in accordance with FASB ASC 740 “<i>Income Taxes</i>”. Under FASB ASC 740, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities. FASB ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under FASB ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At October 31, 2015 and 2014, the Company has no unrecognized tax benefits. </p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Revenue Recognition</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer; (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Advertising costs</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>Advertising costs are expensed as incurred. The Company recorded no advertising costs during the nine months ending October 31, 2015 and 2014.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Research and Development Costs</u></p> <p style='margin:0in 0in 0pt'> </p>Costs incurred in research and developments are expensed as incurred
<!--egx--><p style='margin:0in 0in 0pt'><u>Stock Based Compensation</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. The Company has adopted a stock option plan, as disclosed in <i>Note 8 – Stockholders’ Deficit</i> below. During the nine month periods ended October 31, 2015 and 2014, no stock options had been issued or outstanding.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Basic and Diluted Net Income (Loss) per Share</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>The Company computes net income (loss) per share in accordance with ASC 260, "<i>Earnings per Share</i>" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. For the three and nine months ended October 31, 2015 and 2014, the Company did have potentially dilutive debt instruments that have been excluded from the earnings per share calculation; as such an inclusion would have been anti-dilutive due to the losses incurred in both periods. </p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Recently Issued Accounting Pronouncements</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>In August 2014, the FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity's ability to continue as a going concern. If such conditions or events exist, disclosures are required that enable users of the financial statements to understand the nature of the conditions or evens, management's evaluation of the circumstances and management's plans to mitigate the conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. The Company will be required to perform an annual assessment of its ability to continue as a going concern when this standard becomes effective on January 1, 2017; however, the adoption of this guidance is not expected to impact our financial position, results of operations or cash flows.</p>
<!--egx--><p style='margin:0in 0in 0pt'><u>Beneficial Conversion Features</u></p> <p style='margin:0in 0in 0pt'> </p> <p style='margin:0in 0in 0pt'>If the conversion features of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.</p>
<!--egx--><p style='margin:0in 0in 0pt'>Shares issued during the nine months ended October 31, 2015 were as follows:</p> <p style='margin:0in 0in 0pt'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td> <td width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'></td></tr> <tr> <td width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Period</b></p></td> <td valign="bottom" width="95" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Total Number</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>of Shares</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Issued</b></p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="102" colspan="2" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:76.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Par value</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>per Share</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>0.0001</b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Total Number</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>of Shares</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Purchased</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>by Cash</b></p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="108" colspan="2" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:81pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Total Number</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>of Shares</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>Purchased by</b></p> <p align="center" style='text-align:center;margin:0in 0in 0pt'><b>reduction of Debt</b></p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>August 1 – 31, 2015</b></p></td> <td valign="bottom" width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:black 1pt solid;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>September 1 – 30, 2015</b></p></td> <td valign="bottom" width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>— </p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>October 1 – 31, 2015</b></p></td> <td valign="bottom" width="95" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>107,000,000</p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="84" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>10,700</p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="98" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>500</p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="18" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:black 1pt solid;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>10,200</p></td></tr> <tr> <td valign="bottom" width="163" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:122.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='text-indent:10.05pt;margin:0in 0in 0pt'><b>Total</b></p></td> <td valign="bottom" width="95" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:71.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>107,000,000</b></p></td> <td valign="bottom" width="15" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:11.25pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b> </b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b>$</b></p></td> <td valign="bottom" width="84" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:63pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>10,700</b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b> </b></p></td> <td valign="bottom" width="98" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:73.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>500</b></p></td> <td valign="bottom" width="17" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:12.75pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'><b> </b></p></td> <td valign="bottom" width="18" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:13.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p style='margin:0in 0in 0pt'> </p></td> <td valign="bottom" width="90" style='border-bottom:#f0f0f0;border-left:#f0f0f0;padding-bottom:0in;background-color:transparent;padding-left:0in;width:67.5pt;padding-right:0in;border-top:#f0f0f0;border-right:#f0f0f0;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'><b>10,200</b></p></td></tr></table></div>
3
5
1
3
13000
0
125000
8000000
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1228
239037
450111
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0
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50000
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0.0001
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60
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101
0
2390
2395
7180
7106
101
0
101
0
14376
14376
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15195
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49500
100000
10120
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0
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7430
2189
0.0500
93
9
400
12500
1
0.0800
82
0
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2700
0.0500
1950
8915000
8915
104585
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8023
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112608
-297228
-183728
5000000
500
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102430
102430
102000000
10200
-10200
-152883
-152883
115915000
11592
204838
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-233681
10-Q
2015-10-31
false
APT Systems Inc
0001543739
apts
--01-31
115915000
Smaller Reporting Company
Yes
No
No
2016
Q3
0001543739
2015-02-01
2015-10-31
0001543739
2015-12-21
0001543739
2015-10-31
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