0001078782-15-001129.txt : 20150721 0001078782-15-001129.hdr.sgml : 20150721 20150721131813 ACCESSION NUMBER: 0001078782-15-001129 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20150430 FILED AS OF DATE: 20150721 DATE AS OF CHANGE: 20150721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APT Systems Inc CENTRAL INDEX KEY: 0001543739 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 990370904 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54865 FILM NUMBER: 15997410 BUSINESS ADDRESS: STREET 1: 3400 MANULIFE PLACE STREET 2: 10180-101 STREET CITY: EDMONTON STATE: A0 ZIP: T5J 3S4 BUSINESS PHONE: 7802706048 MAIL ADDRESS: STREET 1: 3400 MANULIFE PLACE STREET 2: 10180-101 STREET CITY: EDMONTON STATE: A0 ZIP: T5J 3S4 10-Q 1 f10q043015_10q.htm FORM 10-Q QUARTERLY REPORT Form 10-Q Quarterly Report


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 ______________________________________________________________________________


FORM 10-Q


 

  X . QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934


For the Quarterly period ended April 30, 2015


      . TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

_______________________________________________________________________________

 

Commission File No. 333-181597



APT SYSTEMS, INC.

 (Exact name of issuer as specified in its charter)

 

Delaware

99-0370904

(State or other jurisdiction

(IRS Employer File Number)


  

  

505 Montgomery Street

11th Floor

  

San Francisco, CA

94111

(Address of principal executive offices)

(zip code)

 

 (780)-270-6048

 (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.    Yes   X .  No       .


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit and post such files.

Yes       .  No   X .


Indicate by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “small reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer       .

Accelerated filer       .

Non-accelerated filer         . (Do not check if a smaller reporting company)

 Smaller reporting company    X .


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes       . No   X  .


As of July 20, 2015, registrant had outstanding 8,915,000 shares of the registrant's common stock.  


 




  



FORM 10-Q

 

APT SYSTEMS, INC.

TABLE OF CONTENTS




PART I  FINANCIAL INFORMATION


PAGE

Item 1.

Unaudited Condensed Financial Statements for the three month periods ended April 30, 2015 and 2014

1

Condensed Balance Sheets

2

Condensed Statements of Operations

3

Condensed Statements of Changes in Stockholders’ Deficit

4

Condensed Statements of Cash Flows

5

Notes to Unaudited  Condensed Financial Statements

6

Item 2.

Management’s Discussion and Analysis and Plan of Operation

14

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

19

Item 4.

Controls and Procedures

19

 

 

PART II  OTHER INFORMATION

 

Item 1.

Legal Proceedings 

20

Item 1A.

Risk Factors

20

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

20

Item 3.

Defaults Upon Senior Securities

20

Item 4.

Mine Safety Disclosures

21

Item 5.

Other Information

21

Item 6.

Exhibits

21

  

 

Signatures

22





ii



  


 

PART I  FINANCIAL INFORMATION


For purposes of this report, unless otherwise indicated or the context otherwise requires, all references herein to “APT Systems,” “APT,” “the Company,” “we,” “us,” and “our,” refer to APT Systems, Inc., a Delaware corporation.


 

ITEM 1. FINANCIAL STATEMENTS

 

 _______________________________________________________________________



APT SYSTEMS, INC.


UNAUDITED FINANCIAL STATEMENTS



For the Three Month Periods Ended April 30, 2015 and 2014


_________________________________________________________________________

 

 

 APT Systems, Inc.

Condensed Financial Statements

(Unaudited)

 

TABLE OF CONTENTS


 

  

PAGE

Condensed Balance Sheets

2

Condensed Statements of Operations

3

Condensed Statements of Changes in Stockholders’ Deficit

  4

Condensed Statements of Cash Flows

5

Notes to Condensed Financial Statements

6





1



  




APT SYSTEMS, INC.

Condensed Balance Sheets

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

(Audited)

 

 

 

 

April 30, 2014

 

January 31,2015

 

ASSETS

 

 

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Cash and cash equivalents

$

2,163

$

776

 

 

Unbilled revenue

 

2,250

 

330

 

 

Total current assets

 

4,413

 

1,106

 

 

 

 

 

 

 

 

 

Fixed Assets

 

 

 

 

 

 

Web site (net of $2,080 (unaudited) and $2,080 accumulated amortization respectively)

 

-

 

-

 

 

Software (net of $7,713 (unaudited) & $7,543 accumulated amortization respectively)

 

3,892

 

4,526

 

 

Net book value

 

3,892

 

4,526

 

 

 

 

 

 

 

 

 

Total Assets

$

8,305

$

5,632

 

 

 

 

 

 

 

 

LIABILITIES & STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

Accounts payable and accrued expenses

$

43,459

$

38,516

 

 

Convertible accrued officer compensation

 

90,000

 

75,000

 

 

Convertible notes payable

 

50,000

 

50,000

 

 

Notes payable

 

12,189

 

7,189

 

 

Accrued interest payable

 

12,816

 

10,253

 

 

Loan from director

 

8,231

 

8,402

 

 

 Total current liabilities

 

216,695

 

189,360

 

 

 

 

 

 

 

 

 

Total Liabilities

 

216,695

 

189,360

 

 

 

 

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock $0.001 par value, 10,000,000 shares authorized;

 

 

 

 

 

 

None issued as of April 30, 2015 (unaudited) and January 31,2015 respectively

 

-

 

-

 

 

Common stock $0.001 par value, 90,000,000 shares authorized;

 

 

 

 

 

 

8,915,000 shares issued and outstanding as of April 30, 2015 (unaudited) and January 31, 2015 respectively.

 

8,915

 

8,915

 

 

Additional paid-in capital

 

104,585

 

104,585

 

 

Accumulated deficit

 

(321,890)

 

(297,228)

 

 

TOTAL STOCKHOLDERS' DEFICIT

 

(208,390)

 

(183,728)

 

 

     

 

 

 

 

 

 

     TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

8,305

$

5,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



The accompanying notes are an integral part of these unaudited condensed financial statements.


2



  



APT SYSTEMS, INC

Condensed Statements of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

(Unaudited)

 

 

 

 

Three Months Ended

 

Three Months  Ended

 

 

 

 

April 30, 2015

 

April 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

Consulting revenue

$

9,513

$

-

 

 

E-book sales

 

-

 

17

 

 

Total Revenues

 

9,513

 

17

 

 

 

 

 

 

 

 

 

Cost of Goods Sold

 

 

 

 

 

 

Contract labor – related party

 

7,002

 

-

 

 

Total Cost of Goods Sold

 

7,002

 

-

 

 

 

 

 

 

 

 

 

Gross Profit

 

2,511

 

17

 

 

 

 

 

 

 

 

 

Operating Costs

 

 

 

 

 

 

Accounting

 

6,250

 

6,000

 

 

Amortization

 

634

 

894

 

 

Compensation to officer

 

15,000

 

15,000

 

 

General and administrative

 

1,626

 

4,436

 

 

Legal

 

-

 

62,750

 

 

Total Operating Costs

 

23,510

 

89,080

 

 

 

 

 

 

 

 

 

Net Operating Loss

 

(20,999)

 

(89,063)

 

 

 

 

 

 

 

 

 

Other Income (Expense)

 

 

 

 

 

 

    Interest expense

 

(3,663)

 

(2,724)

 

 

Total Other Income (Expense)

 

(3,663)

 

(2,724)

 

 

 

 

 

 

 

 

 

Net  Income(Loss)

$

(24,662)

$

(91,787)

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

basic and diluted

$

(0.00)*

$

(0.01)

 

 

 

 

 

 

 

 

 

Weighted average number of

 

 

 

 

 

 

   common shares outstanding:

 

 

 

 

 

 

       basic and diluted

 

8,915,000

 

8,830,000

 

 

 

 

 

 

 

 

 

 * denotes a loss of less than $(0.01) per share.

 

 

 




The accompanying notes are an integral part of these unaudited condensed financial statements.


3



  




APT SYSTEMS,  INC

Condensed Statements of  Changes in Stockholders' Deficit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

 

 

Common

 

Stock

 

Paid-in

 

Deficit

 

 

 

 

 

Shares

 

Amount

 

Capital

 

Accumulated

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance January 31, 2014 (Audited)

8,830,000

$

8,830

$

87,670

$

(156,574)

$

(60,074)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock issued in settlement of accounts payable at $0.20 per share

85,000

 

85

 

16,915

 

-

 

17,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the year ended January 31, 2015

-

 

-

 

-

 

(140,654)

 

(140,654)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance January 31, 2015 (Audited)

8,915,000

$

8,915

$

104,585

$

(297,228)

$

(183,728)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the period ended April 30, 2015 (Unaudited)

-

 

-

 

-

 

(24,662)

 

(24,662)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance April 30, 2015 (Unaudited)

8,915,000

$

8,915

$

104,585

$

(321,890)

$

(208,390)

 



The accompanying notes are an integral part of these unaudited condensed financial statements.


4



  





APT SYSTEMS,  INC

Condensed Statements of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

(Unaudited)

 

 

 

 

 Three Months Ended

 

 Three Months Ended

 

 

 

 

April 30, 2014

 

April 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

    Net loss

$

(24,662)

$

(91,787)

 

 

    Adjustments to reconcile net loss to net cash

 

 

 

 

 

 

       provided by (used in) operating activities:

 

 

 

 

 

 

        Amortization expense

 

634

 

894

 

 

    Changes in operating assets and liabilities:

 

 

 

 

 

 

       Increase in unbilled revenue

 

(1,920)

 

-

 

 

       Increase in accounts payable and

 

 

 

 

 

 

         accrued expenses

 

7,506

 

56,570

 

 

       Increase in accrued officer compensation

 

15,000

 

15,000

 

 

 

 

 

 

 

 

 

     Net cash provided by (used in) operating activities

 

(3,442)

 

(19,323)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

-

 

-

 

 

       Net cash (used in) investing activities

 

-

 

-

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

     Repayment of loan from director

 

(2,470)

 

(5,750)

 

 

     Loan from director

 

2,299

 

9,000

 

 

     Issuance of short-term note payable

 

5,000

 

-

 

 

   Net cash provided by financing activities

 

4,829

 

3,250

 

 

 

 

 

 

 

 

 

   Net change in cash and cash equivalents

 

1,387

 

(16,073)

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of period

 

776

 

18,830

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at end of period

$

2,163

$

2,757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

 

 

 

 

 

 

 

 

 

 

 

Cash paid  for :

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest

$

1,100

$

408

 

 

   Income Taxes

$

-

$

-

 



The accompanying notes are an integral part of these unaudited condensed financial statements.


5





APT SYSTEMS, INC.

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTH PERIODS ENDED APRIL 30, 2015 AND 2014


1.  NATURE OF OPERATIONS


APT Systems, Inc. (“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 its 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.


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.


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.


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.


Going Concern Consideration


These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception and 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 from directors and, or, the sale of shares of common stock. There is no assurance that these events will be satisfactorily completed.


The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Preparation of Financial Statements


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 three months ended April 30, 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.


Development Stage Company


The Company is a development stage company as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, “Development-Stage Entities”. Additional disclosures required as a development stage company are that our financial statements be identified as those of a development stage company, and that the statements of operations, changes in members’ deficit and cash flows disclosed activity since the date of our Inception (October 29, 2010).



6






2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)


Development Stage Company Cont.


In June 2014 the FASB issued ASU 2014-10 regarding development stage entities. The ASU removes the definition of development stage entity, as was previously defined under generally accepted accounting principles in the United States (U.S. GAAP), from the accounting standards codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP.


In addition, the ASU eliminates the requirements for development stage entities to (i) present inception-to-date information in the statement of income, cash flow and stockholders' equity, (ii) label the financial statements as those of a development stage entity, (iii) disclose a description of the development stage activities in which the entity is engaged, and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Consequently this additional disclosure has not been presented in these financial statements


Use of Estimates and Assumptions


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.


Foreign Currency Translation


The financial statements are presented in United States dollars. In accordance with ASC 830, “Foreign Currency Matters”, 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.


Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).


Cash and Cash Equivalents


The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents.


Financial Instruments


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:


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.


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.


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.


The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, not payable and loan from director approximate their market values as of April 30, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.


Software


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.



7






2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)


Website


The Company accounts for website development costs in accordance with ACS 350-50 “Website Development Costs”. 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.


Deferred Financing Costs


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.


For the three month periods ended April 30, 2015 and 2014, 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.


During the year ended January 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 January 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.


Impairment of Long-Lived and Intangible Assets


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.


Income Taxes


The Company accounts for income taxes in accordance with FASB ASC 740 “Income Taxes”. 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 April 30, 2015 and 2014, the Company has no unrecognized tax benefits.


Revenue Recognition


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.


Advertising costs


Advertising costs are expensed as incurred. The Company recorded no advertising costs during the three months ending April 30, 2015 and 2014.


Research and Development Costs


Costs incurred in research and developments are expenses as incurred.



8






2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)


Stock Based Compensation


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 Note 7 – Stockholders’ Deficit below.  During the three month periods ended April 30, 2015 and 2014, no stock options had been issued or outstanding.


Comprehensive Income (Loss)


Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments.  Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities.  From our Inception there were no differences between our comprehensive loss and net loss.


The comprehensive loss was identical to the net loss for the three months ended April 30, 2015 and 2014.


Basic and Diluted Net Income (Loss) per Share


The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" 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 month ended April 30, 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.


Reclassifications


Certain reclassifications have been made to prior period financial statements to conform to the 2015 presentation.


Business Segments


The Company believes that its activities during the three month periods ended April 30, 2015 and 2014 comprised a single segment.


Recently Issued Accounting Pronouncements


In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 will have on our consolidated financial statements and disclosures.


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.



9






3.  GOING CONCERN AND LIQUIDITY


As of April 30, 2015, the Company had cash of $2,163, insufficient revenue to meet its ongoing operating expenses, liabilities of $216,695, accumulated losses of $321,890 and a shareholders’ deficit of $208,390.


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.


The unaudited financial statements for the three months ended April 30, 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.


4.  RELATED PARTY TRANSACTIONS


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 April 30, 2015 and January 31, 2015, was $90,000 and $75,000 respectively. The accrued compensation will only be paid as and 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. Market price will be considered the publicly quoted share price, either when such a publicly quoted price becomes available, or the last cash price the Company received for the sale of its common shares.


As of April 30, 2015 and January 31, 2015, the Company owed the President $8,231 and $8,402 respectively by way of loans. The loans are unsecured, due on demand and interest free.


During the twelve months ended January 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 $7,002 and $0 to the related party contractor in respect of the provision of these services during the three months ended April 30, 2015 and 2014, respectively.


The Company entered into a Consulting Agreement with Joseph J. Gagnon, the Secretary of the Board of Directors, on February 3, 2012. This agreement was amended jointly by the Board of Directors and Mr. Gagnon. As of June 15, 2012, it was agreed and accepted by all that Mr. Gagnon should discontinue his full-time services for a specified period of time. As of April 30, 2014, Mr. Gagnon is not scheduled to resume his duties unless otherwise agreed to in writing No balance was owed to Mr. Gagnon by the Company as of April 30, 2015 or January 31, 2015.  


5.  CONVERTIBLE NOTE PAYABLE


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 May 31, 2015.


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”).  


The conversion price is equal to 80% of the per share price paid by the purchasers of such equity securities in the Qualified Financing.  Accrued and unpaid interest will be paid by the Company at time of conversion.


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.



10






5.  CONVERTIBLE NOTE PAYABLE (continued)


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.


Accrued interest payable as of April 30, 2015 and January 31, 2015 was $12,251 and $10,126, respectively.  Interest expense for the three months ended April 30, 2015 and 2014 were $2,395 and $2,316 respectively.


As disclosed in Note 10 Subsequent Events below, 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 accordingly we went into default under the terms of this convertible note payable on May 31, 2015. We had entered into discussions with the convertible noteholder prior to May 31, 2015 to extend the term of the convertible note payable and effective June 29, 2015 we received confirmation  that we had reached agreement with the convertible noteholder to further extend the term of the convertible note payable to July 31, 2015. 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.


6.  NOTES PAYABLE


In November 21, 2014, the Company received $5,000 by way of unsecured short-term loan from a non-related party for a term of six months at 10% interest due upon repayment  Accrued interest of $240 and $118 is included in the financial statements as of April 30, 2015 and January 31, 2015, respectively. As disclosed in Note 10 Subsequent Events below, 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. Accordingly we continue to be in default under the terms of this note payable as of the date of this issuance of this report. We have had discussions with the holder of the note payable to extend the term of the note payable but as yet have not signed any agreement to extend or amend the terms of the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. The initiation of any collection action by this noteholder could affect our ability to execute on our business plan and operations.  


The Company entered into a new stock transfer 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 of the settlement of this $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 April 30, 2015 and January 31, 2015, accrued interest on this loan was $46 and $9, respectively. As on April 30, 2015, and as of the date of the date of the issuance of this report, we have not had the funds to made any payments under the term of this agreement and consequently were in default under the terms of this agreement as of April 30, 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.  

 

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. As disclosed in Note 10 Subsequent Events below, 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 and accordingly we went into default under the terms of this note payable on 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 July 31, 2015. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable.


7.  COMMITMENTS AND CONTINGENCIES


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 timelines of the agreement.



11






7.  COMMITMENTS AND CONTINGENCIES (Continued)


The Company executed two short-term lending arrangements with non-related party, Mr. Raymond C. Dove, on April 30, 2015.  The effective dates of the loans are May 1, 2015 and June 22, 2015.  The loan amounts are $25,000 and $3,000, respectively, with interest accruing at 5% per annum.  Repayment is in one lump sum due and payable on or before December 4, 2015.


The Company is required to file its annual and quarterly financial reports with SEDAR in Canada. Due to delays in filing its financial statements, the Company believes it may be subject to certain potentially significant penalties to be levied by the Alberta Securities Commission. It is not possible to determine the amount of these potential liabilities at this time.


8.  SHAREHOLDERS’ DEFICIT


PREFERRED SHARES


The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001.


No shares of preferred stock were issued and outstanding during the three months ended April 30, 2015 and 2014.


COMMON SHARES


The Company is authorized to issue 90,000,000 shares of common stock, par value $0.001 per share.


No shares of common stock were issued during the three months ended April 30, 2015 or 2014.


As of April 30, 2015, there are a total of 8,915,000 of the Company’s common shares issued and outstanding


STOCK OPTIONS


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 April 30, 2015 and January 31, 2015, no options have been issued or are outstanding under this Plan.


9.  INCOME TAXES


The Company accounts for income taxes in accordance with ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized.

 

The provision for refundable federal income tax consists of the following for the periods ending:

 

 

 

April 30,

2015

 

April 30,
2014

Federal income tax benefit attributed to:


 



Net operating loss

 $

 (8,385)

 $

 (31,208)

Valuation

 

 8,385

 

 31,208

Net benefit

 $

 -

 $

 -

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: 


 

 

April 30,

2015

 

January 31, 2015

Deferred tax attributed:

 

 



Net operating loss carryover

 $

 109,442

 $

 101,057

Less: change in valuation allowance

 

 (109,442)

 

 (101,057)

Net deferred tax asset

$

-

 $

 -

 

At April 30, 2015, the Company had an unused net operating loss carry-forward approximating $321,890 that is available to offset future taxable income; the loss carry-forward will start to expire in 2030.



12






10.  SUBSEQUENT EVENTS


The Company received two short-term unsecured loans from a non-related party. The effective dates of the loans are May 1, 2015 and June 22, 2015. The loan amounts are $25,000 and $3,000, respectively, with interest accruing at 5% per annum. Repayment is in one lump sum due and payable on or before December 4, 2015.


As disclosed in Note 6 Notes Payable above, on November 21, 2014, the Company received $5,000 by way of unsecured short-term note payable from a non-related party for a term of six months at 10% interest due upon repayment. 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 under this note payable remains outstanding in full as of the date of the issuance this report. Accordingly we continue to be in default under the terms of this note payable as of the date of the issuance of this report. We have had discussions with the holder of the note payable but as yet have not signed any agreement to extend or amend the terms of the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. The initiation of any collection action by this noteholder may affect our ability to execute on our business plan and operations.  


As disclosed in Note 5 Convertible Note Payable above, 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 the convertible note to January 29, 2015 and subsequently a further extension to May 31, 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 convertible note payable on May 31, 2015. We had entered into discussions with the convertible noteholder prior to the due date to extend the term of the convertible 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 convertible note payable to July 31, 2015. 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 noteholder or that we will be able to raise the funding necessary to repay the balance due under the convertible note payable.  


As disclosed in Note 6 Notes Payable above, on April 17, 2015, APT Systems, Inc. received $5,000 as a short-term loan from the holder of the Convertible Note Payable, Mr. Donald Meador. This was a 60 day demand note. There is no interest rate currently stated in the agreement.   The loan was scheduled to be repaid on July 16, 2015. However, we did not have the funds to make any repayment on the scheduled date and accordingly we went into default under the terms of this note payable on 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 July 31, 2015. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable.


In accordance with ASC 855, Subsequent Events, 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.






13






ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION


The following discussion of our financial condition and results of operations should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and notes thereto included in, Item 1 in this Quarterly Report on Form 10-Q. This item contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated in such forward-looking statements.


Forward-Looking Statements


This Quarterly Report on Form 10-Q and the documents incorporated herein by reference contain forward-looking statements regarding us, our business, prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause our actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Factors that may affect such forward-looking statements include, without limitation: our ability to successfully develop new products and services for new markets; the impact of competition on our revenues, changes in law or regulatory requirements that adversely affect or preclude clients from using us for certain applications; delays our introduction of new products or services; and our failure to keep pace with our competitors.

 

When used in this discussion, words such as "believes", "anticipates", "expects", "intends" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We undertake no obligation to revise any forward-looking statements in order to reflect events or circumstances that may subsequently arise. Readers are urged to carefully review and consider the various disclosures made by us in this report and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business, particularly the Report on Form 10-K, Form 10-Q and any Current Reports on Form 8-K.


Overview and History


APT Systems, Inc. was incorporated in the State of Delaware on October 29, 2010. The Company has not as yet generated significant sales revenues as its key products are still under development. Its limited start-up operations have consisted of the formation of the Company, development of its business plan, identification of its target market and limited research towards the development of its software products. During the twelve months ended 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 consulting revenue will eventually diminish entirely if we are able to raise the necessary funding to allow the contractor to work exclusively on in-house projects. Upon obtaining approval for electronic trading of our symbol, we plan on raising additional funds by issuing shares but do not rule out the possibility of additional loans. However, there is no guarantee we will be successful in raising sufficient funding to progress with the implementation of our business plan.


We have not been subject to any bankruptcy, receivership or similar proceeding.


We are a company that specializes in the creation of innovative equities trading platforms. We are focusing on the mobile device market where we intend to develop and publish custom technical analysis indicators and trading systems both in-house and for third parties. In addition, we intend to develop a user friendly charting tool that displays price action and historic pricing for publicly traded companies. This charting tool and the charts that it produces can be configured to the user’s preferred view such as a line chart or candlestick chart, and the user shall be able to adjust the chart intervals as the user desires. We plan to utilize real time and delayed data networks along with graphic techniques which will provide solutions that can speak to the mobile needs to be demanded by the next generation of equity and commodity traders.


In order to advance itself during its development stage, APT Systems can roll out traditional trading tools and publish charts for the hand held market to test plans and generate cash flow. However, these tools would be invigorated with leading edge graphics and networking technology to become desirable real-time and interactive trading assistance software. In addition, the company was recently in contact with potential educators for its products and for general education of its clients in trading techniques.


APT services can extend to include:



·

Financial Software and Analytical Software Development


·

Algorithmic Applied Technology


·

Trading Platform Refinement and Linking to Brokerage Accounts


·

Analytical Charting Software Development




14






The steps remaining for us to begin selling our products listed above are to finalize the programming of the software used in our products, specifically our dimensional charting tools, begin sales and marketing campaigns, contact prospective licensees, and deliver our products, which we expect to complete in less than 180 days after our initial contact with prospective licensees. Our app would be available to users on a subscription fee plan and we plan to grant licenses in our app to financial companies and brokerage firms for use by their employees and clients. The goal is to have our product used by both handheld (tablet and Smartphone application users) and web based clients.


With its currently limited financial resources, the Company has only been able to make very limited progress in developing its business activities since inception and is examining other acquisition opportunities as a means to enhance overall operations.


On February 19, 2014, the Company had received notice from FINRA that the trading symbol APTY has been allocated to the APT Systems, Inc.  We are currently preparing to submit an application for DTCC eligibility to allow the markets access to trade our shares electronically.  We expect an approval would assist us in our financial goals and help to attract investors.


Needs Assessment


Management believes the principal growth area in the personal computer market today is that of Smartphones and portable tablet devices.  These mobile devices usually allow full time internet connectivity which makes them an ideal stage for a mobile equity-trading platform. Instead of merely porting existing software to allow on-the-go research and trading, we envision for our future products an information-dense and interactive display of the financial markets. At this time, we believe that the future interactive display will include three dimensional imaging that we intend to use to provide financial information in new ways that can better assist novice users learning about publicly traded companies and those users who are trading equities.


Distribution methods of the products or services


To facilitate marketing plans, our products and platforms will be available initially in the “App Store” managed by Apple Inc.  Later, these same products will be available to audiences that prefer using other Smartphones such as Google’s Android or the BlackBerry.  Especially in the case of Apple, these companies will provide marketing infrastructure to help developers reach their users and justify costs related to selling products from their app stores.  These options will be fully explored and implemented as it makes sense to do so.


To further facilitate viral marketing plans, the Company products will be available for a very small downloading charge or in some cases free.  The Company is investigating a tiered subscription revenue model and revenue for providing licenses to others.


The Company will identify and address the target market for its services with apps, and demonstrate how it can help users optimize mobile devices for trading of equities in the North American markets.


Organization


We are comprised of one corporation and do not have any subsidiaries but do not rule out the future possibility of acquiring or creating subsidiaries. At this time, all of our operations are conducted through this corporation.

 

Competition

 

The market for financial services software and services is competitive, rapidly evolving and highly sensitive to new product introductions and marketing efforts by industry participants, although high conversion costs can create barriers to adoption of new products or technologies. The market is fragmented and served by both large-scale firms with broad offerings as well as firms that target only local markets or specific types of clients. We also face competition from information systems developed and serviced internally by the IT departments of large financial services firms. We believe that we can compete effectively by providing software contained in a mobile application, which provides buy/sell suggestions, and trading ability, although some of our existing competitors and potential competitors have substantially greater financial, technical, distribution and marketing resources than we have and may offer products with different functions or features that are more attractive to potential customers than our offerings.


Moreover, it is not our intent to compete with larger financial services firms, but rather to facilitate more trades by better informing our clients and providing them with better trading tools. The trading tools such as dimensional charts may be licensed to these same banks and brokers or subscribed to by users, directly. We believe that we can work with the banks and brokerage firms who offer online and Smartphone trading access by providing them with a more effective analysis tool for their current and future clients. 



15






Contracted Consultants

 

We currently have one consultant under contract. Mr. Gagnon is the only officer with a formal consulting agreement. Per the terms of the agreement Mr. Gagnon, in his position as the Chief Technology Officer, is paid a minimum of $2,500 per month for services writing technical documents while the Company awaits full funding. As of June 15, 2012, Mr. Gagnon took a leave of absence from his role under the consulting agreement; however, he will continue to serve as an officer and director of the Company during his leave of absence. Our other officers and directors currently provide some services on a consultant basis without compensation. Based upon the amount of the proceeds from additional sales of our common stock, other future employees and directors may receive salaries. Once we generate sufficient revenue, future salaries will be evaluated at that time


 Effective November 1, 2013, the Company began to accrue a monthly salary of $5,000 per month for Ms. Dowie on an ongoing basis.  As of January 31, 2015, accrued officer compensation was $90,000.  The accrued compensation will only be paid as and when the directors decide the Company has sufficient liquidity to pay some, or all, of the amounts accrued.  Ms. Dowie can elect at any time to give notice to convert some, or all, of her accrued compensation into shares of the Company’s common stock as determined by the Board of Directors and its legal advisors.


During the three months ended April 30, 2015, the Company continued providing technical writing and computer assisted design services to other startups provided by a contractor, a related person, a family member to the Chief Executive Officer, to generate certain additional revenues. The Company paid $7,002 and $0 to the related party contractor in respect of the provision of these services during the three months ended April 30, 2015 and 2014.


Intellectual Property Information

 

Our success and ability to compete will be dependent to a significant degree on our intellectual property, which may include our trade name, trading models, and visual charts. We intend to develop our technology internally and we will rely primarily on trade secret, trademark, copyright, domain name, patent and contract law to protect our intellectual property. It is our intention to enter into confidentiality, intellectual property invention assignment and/or non-competition and non-solicitation agreements or restrictions with our employees, independent contractors and business partners, and to control access to and distribution of our intellectual property. Currently, we do not have any registered copyrights or patents; however, we may obtain such registrations in the future.


Government Regulation

 

We do not expect to be subject to material governmental regulation. However, it is our policy to fully comply with all governmental regulation and regulatory authorities.

 

Research and Development


We have spent $0 and $0 respectively in the three months ended April 30, 2015 and 2014, on research and development of our website and mobile applications. We plan to spend further funds on research and development activities in the future as the development of our software applications continue and we raise the necessary funding required.  

 

Environmental Compliance

 

We believe that we are not subject to any material costs for compliance with any environmental laws.


Results of Operations


For the Three Months Ended April 30, 2015 Compared to the Three Months Ended April 30, 2014


Revenue


The Company generated $9,513 in consulting revenue in the three months ended April 30, 2015 compared to $0 of revenue in the three months ended April 30, 2014, and $0 book revenues compared to $17 in three months ending April 30, 2014. As a startup company, we have generated only nominal revenue that does exceed our expenses.


Cost of Revenue


During the three months ended April 30, 2015 the Company paid $7,002 in contract labor – related party, associated with the consulting revenue generated for the same time period, as compared with $0 for the three months ended April 30, 2014, an increase of $7,002 or 100%.We had not begun providing consulting services during the three months ended April 30, 2014.



16






Operating Expenses


Operating expenses were $23,510 for the three month period ended April 30, 2015 compared to $89,080 for the three month period ended April 30, 2014, a decrease of $65,570. The decrease was primarily due a reduction in legal fees from $62,750 to $0 for the period. The legal fees incurred in the three months ended April 30, 2014 primarily related to the preparation of the Company’s form 10K for the year ended January 31, 2014. We did not use external attorneys in the preparation of the Company’s form 10K for the year ended January 31, 2015 and consequently we did not incur any comparable legal fees during the three months ended April 30, 2015. .


Operating Loss


We incurred an operating loss of $20,999 in the three months ended April 30, 2015 compared to an operating loss of $89,063 for the three months ended April 30, 2014, and decrease of $68,064 or 76%, due to the factors described above.


Interest Expense


We incurred an interest expense of $3,663 in the three month period ended April 30, 2015 compared to interest expense $2,724 for the three month period ended April 30, 2014, an increase of $939. On January 8, 2014, we executed an unsecured short-term convertible note payable in the amount of $50,000.  Interest accrues at 19% per annum.  In addition we continued to fund some of our expenditures on credit cards, and have executed certain new short-term notes at varying interest rates as described in Note 6 Notes Payable in the condensed unaudited financial statements presented above..


Net Loss


In the three months ended April 30, 2015 we incurred a net loss of $24,662 compared to a net loss of $91,787 for the three months ended April 30, 2014, a decrease of $67,125 or 73%, due to the factors discussed above.


Cash flow information for the three months ended April 30, 2014 is compared to the three months ended April 30, 2013


As of April 30, 2015, the Company had cash of $2,163, insufficient revenue to meet its ongoing operating expenses, liabilities of $216,695, accumulated losses of $321,890 and a shareholders’ deficit of $208,390.


The unaudited financial statements for the three months ended April 30, 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.


Net cash used for operating activities was $3,442 for the three month period ended April 30, 2015. This compares to net cash used for operating activities of $19,323 for the three month period ended April 30, 2014.  During the three months ended April 30, 2014 we incurred a loss of $24,662 which was partially reduced by $634 of non-cash amortization expense and a $22,506 increase in operating liabilities, and an increase of $1,920 in unbilled revenue, to arrive at cash used in operations of $3,442. By comparison, during the three months ended April 30, 2014 we incurred a loss of $91,787 which was partially reduced by $894 of non-cash amortization expense and a $71,570 increase in operating liabilities to arrive at cash used in operations of $19,323.


Cash flows generated by (used in) investing activities were at $0 for the three month periods ended April 30, 2015 and 2014.


Cash flows provided by financing activities were $4,829 for the three month period ended April 30, 2015 which compares to cash flows provided by financing activities of $3,250 for the three month period ended April 30, 2014. During the three months ended April 30, 2015 we received $2,470 of additional loans from one of our directors, made repayments to the same director in the amount of $2,299 and received $5,000 by way of short-term note payable..  By comparison, during the three months ended April 30, 2014, we received $9,000 in loans from one of our directors and made repayments to the same director in the amount of $5,750. No shares of our common stock were sold during the three months ended April 30, 2015 and 2014, respectively.


Off-Balance Sheet Arrangements


We have no off-balance sheet arrangements with any party.



17






Liquidity and Capital Resources


As of April 30, 2015, we had cash and cash equivalents of $2,163. As of January 31, 2015, we had cash and cash equivalents of $776.


Over the next twelve months we do not expect any material capital costs to develop operations. Our estimated operating costs of $85,000 will be used for operations and reporting, but none will be used to pay salaries unless deemed reasonable by management.


To date, we have realized only nominal revenue.  As a result, we expect that we may need to engage in the private placement of our debt and equity securities in order to continue to fund operations. Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to raise an estimated $1.5 million to fully implement our business plan and to successfully develop and market our software, generate revenues and operate a profitable business.


In any case, we try to operate with minimal overhead while we undertake to attract participants to help build our products. Our primary activity will be to seek to develop clients for our services and, consequently, our sales. If we succeed in developing clients for our services and generating sufficient sales, we will have the potential to become profitable. We cannot guarantee that this will ever occur. Our plan is to build our company in any manner which will be successful and provide value for our shareholders.


Plan of Operation


Our business plan is to attract additional capital and sufficient product sales, and provide services within our present organizational structure and resources, to become profitable in our operations.

 

Marketing and Sales efforts:


Our marketing efforts will primarily be related to assuring our product is easily found in app stores and create a smooth downloading experience. We anticipate allocating seven percent of funds raised for marketing as well as generating product awareness through paid investor relations programs. We believe that there will be sufficient funds available if a suitable advertising opportunity presents itself.


Once the app is live and we have has begun initial Search Engine Optimization (“SEO”) work and internet marketing, we believe sales will be initially supported through the Apple store and our website. The website will be set up to record all visitors automatically and billing will be handled by Apple’s extensive billing backend. This system will allow us to minimize staff, maintain efficient delivery of products, and keep records for both accounting and marketing.


Successful implementation of the Company’s business strategy depends on factors specific to the internet, regulations regarding equities trading, app development licenses and the hand held device industry and numerous other factors that may be beyond its control.  Adverse changes in the following factors could undermine its business strategy and have a material adverse effect on its business, its financial condition, and results of operations and cash flow:


·

the competitive environment in the app sector that may force the Company to reduce prices below the optimal desired pricing level or increase promotional spending;

·

the ability to anticipate changes in consumer preferences and to meet customers’ needs for trading products in a timely cost effective manner; and

·

the ability to establish, maintain and eventually grow market share in a competitive environment.


For delivery of Company information globally, geopolitical changes, changes in trading regulations, currency fluctuations, natural disasters, pandemics and other factors beyond its control may increase the cost of items it purchases, create communication issues or render product delivery difficult which could have a material adverse effect on its sales and profitability.


Concurrent Developments


Future Trends use E-Books as a method for Training: Future product considerations revolve around enhanced or animated e-books. We believe consumers enjoy e-books because of their convenience and accessibility but they are similar in format to the traditional book. As animation is added to traditional images such as charts, this same technology can be applied to e-books to animate the content to better engage the reader. It is believed customers will soon demand interactive books that provide a much better, more informed educational experience and replace standard training techniques. New E-books with a view to training support will be made available after the sale of apps has commenced.



18






Consulting Services


During the three months ended April 30, 2015, the Company continued providing technical writing and computer assisted design services to other startups using a contractor, a related person, a family member to the Chief Executive Officer, to generate certain additional revenues. We would anticipate that this revenue will eventually diminish if we are able to raise the necessary funding to allow the contractor to work exclusively on in-house projects.


Recently Issued Accounting Pronouncements


In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. ASU 2014-09 will be effective for the Company beginning in its first quarter of 2017. Early adoption is not permitted. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company is currently evaluating the impact of adopting the new revenue standard on its financial statements.


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.


Seasonality


We do not expect our revenues to be impacted by seasonal demands for our services.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


As a "smaller  reporting  company" as defined by Item 10 of Regulation  S-K, the Company is not required to provide information required by this Item.


ITEM 4. CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures

 

An evaluation was performed under the supervision of our management, including our Chief Executive Officer and Chief Financial Officer (principal financial officer), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that, as of April 30, 2015, our disclosure controls and procedures were not effective to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms due to material weaknesses in our internal controls described below.

 

Management’s Report on Internal Control over Financial Reporting

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f). Our internal control system is intended to provide reasonable assurance to our management and board of directors regarding the preparation and fair presentation of published financial statements and that we have controls and procedures designed to ensure that the information required to be disclosed by us in our reports that we will be required to file under the Exchange Act is accumulated and communicated to our management as appropriate to allow timely and informed decisions regarding financial disclosure.


Our management assessed the effectiveness of our internal control over financial reporting as of April 30, 2014. Based on this assessment, management believes that as of April 30, 2015, our internal control over financial reporting was not effective based on those criteria.


Management’s assessment identified several material weaknesses in our internal control over financial reporting. These material weaknesses include the following:



19






·

Lack of appropriate segregation of duties;


·

Limited capability to interpret and apply accounting principles generally accepted in the United States;


·

Lack of formal accounting policies and procedures that include multiple levels of review.


Limitations on Effectiveness of Controls and Procedures

 

Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Our control systems are designed to provide such reasonable assurance of achieving their objectives. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

 

This report does not include an attestation report of the company’s registered public accounting firm regarding internal control over financial reporting. Identified in connection with the evaluation required by paragraph (d) of Rule 240.13a-15 or Rule 240.15d-15 of this chapter that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.


PART II  OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


During the three months ended April 30, 2015 and 2014, there were no legal proceedings, to which we are a party, which could have a material adverse effect on our business, financial condition or operating results and none are threatened or pending to the best of our knowledge.


ITEM 1A. RISK FACTORS


As a "smaller  reporting  company" as defined by Item 10 of Regulation  S-K, the Company is not required to provide information required by this Item.


ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.


No equity securities were sold during the three month periods ended April 30, 2015 or 2014.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES


As of April 30, 2015, we were in default under the terms of an agreement to repay $2,189, together with accrued interest at 5% per annum, to Pacific Stock Transfer in installments of $250 per month beginning on January 3, 2015.


Subsequent to April 30, 2015 we went into default under the terms of our $50,000 convertible note payable and two notes payable with principal balances of $10,000, together with the accrued interest due on all of these notes. On June 29, 2015, , we received confirmation that we had reached agreement with the convertible noteholder and one of the noteholders to further extend the term of the $50,000 convertible note payable and a $5,000 note payable to July 31, 2015. We continue to be in default under the terms of our agreement and note payable with principal balances of $7,189, together with the accrued interest.  While we have continued to hold discussions with the creditors to arrange extended payment terms, as yet we have not signed any agreement to extend or amend the terms of the agreement or the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the agreement or the notes payable with the creditors or that we will be able to raise the funding necessary to repay the balances due under the agreement or the note payable.  The initiation of any collection action by these creditors may affect our ability to execute on our business plan and operations.  



20






ITEM 4.  MINE SAFETY DISCLOSURES


Not applicable to our Company.


ITEM 5.  OTHER INFORMATION


None.


ITEM 6. EXHIBITS


EXHIBITS. The following exhibits required by Item 601 to be filed herewith are incorporated by reference to previously filed documents:


Exhibit Number

Description

 

 

3.1*

Articles of Incorporation

 

  

3.2*

Bylaws

 

  

31.1

Certification of Chief Executive Officer pursuant to Section 302

 

  

31.2

Certification of Chief Financial Officer pursuant to Section 302

 

 

31.3

Certification of Principal Accounting Officer pursuant to Section 302

 

 

32.1

Certification of Chief Executive Officer pursuant to Section 906

 

 

32.2

Certification of Chief Financial Officer pursuant to Section 906

 

 

32.3

Certification of Principal Accounting Officer pursuant to Section 906

 

 


Exhibit 101.INS

XBRL Instance Document (1)

 

 

Exhibit 101.SCH

XBRL Taxonomy Extension Schema Document (1)

 

 

Exhibit 101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document (1)

 

 

Exhibit 101.DEF

XBRL Taxonomy Extension Definition Linkbase Document (1)

 

 

Exhibit 101.LAB

XBRL Taxonomy Extension Label Linkbase Document (1)

 

 

Exhibit 101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document (1)


 

(1)

Pursuant to Rule 406T of Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.


    * Previously filed with Form S-1 Registration Statement, May 23, 2012





21





SIGNATURES


In accordance with Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on July 20, 2015.


APT Systems, Inc.


 

By:

/s/ Glenda Dowie

 

Glenda Dowie, President and Chief Executive Officer




 

By:

/s/ Carl Hussey

 

Carl Hussey, Treasurer and Chief Financial Officer



Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed   below by the following person on behalf of the Registrant and in the capacity and on the date indicated.


/s/ Glenda Dowie

President, Chief Executive Officer and Director

July 20, 2015

Glenda Dowie

Title

Date

 

 

 

/s/ Joseph Gagnon

Secretary, Chief Technical Officer and Director

July 20, 2015

Joseph Gagnon

Title

Date

 

 

 

/s/ Carl Hussey

Treasurer, Chief Financial Officer and Director

July 20, 2015

Carl Hussey

Title

Date
















22


EX-31.1 2 f10q043015_ex31z1.htm EXHIBIT 31.1 SECTION 302 CERTIFICATION Exhibit 31.1 Section 302 Certification


  Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002


     I, Glenda Dowie, certify that:


1)   I have reviewed this annual report of APT Systems, Inc. on Form 10-Q;


2)   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3)   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;


4)    I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have;


(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure the material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


(c)

Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation.


(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and


5)   I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):


(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process summarize and report financial information; and


(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal controls over financial reporting.


  

  

  

Date: July 20, 2015

  

/s/ Glenda Dowie

  

 Glenda Dowie

  

 Chief Executive Officer

  

 





EX-31.2 3 f10q043015_ex31z2.htm EXHIBIT 31.2 SECTION 302 CERTIFICATION Exhibit 31.2 Section 302 Certification


  Exhibit 31.2

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002


     I, Joseph Gagnon, certify that:


1)   I have reviewed this annual report of APT Systems, Inc. on Form 10-Q;


2)   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3)   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;


4)    I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have;


(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure the material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


(c)

Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation.


(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and


5)   I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):


(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process summarize and report financial information; and


(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal controls over financial reporting.


  

  

  

Date: July 20, 2015

  

/s/ Joseph Gagnon

 

 Joseph Gagnon

  

 Chief Technical Officer





EX-31.3 4 f10q043015_ex31z3.htm EXHIBIT 31.3 SECTION 302 CERTIFICATION Exhibit 31.3 Section 302 Certification



  Exhibit 31.3

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002


     I, Carl Hussey, certify that:


1)   I have reviewed this annual report of APT Systems, Inc. on Form 10-Q;


2)   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3)   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;


4)    I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have;


(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure the material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


(c)

Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation.


(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and


5)   I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):


(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process summarize and report financial information; and


(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal controls over financial reporting.


  

  

  

Date: July 20, 2015

  

/s/ Carl Hussey

  

 Carl Hussey

  

 Chief Accounting Officer





EX-32.1 5 f10q043015_ex32z1.htm EXHIBIT 32.1 SECTION 906 CERTIFICATION Exhibit 32.1 Section 906 Certification


Exhibit 32.1



CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT 0F 2002


In connection with the Annual Report of APT Systems, Inc. (the Company") on Form 10-Q for the period ended herein as filed with the Securities and Exchange Commission (the "Report"), I. Glenda Dowie, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:


  

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


  

(2)

The information contained in the Report fully presents, in all material respects, the financial condition and results of operations or the Company.


 

  

  

APT Systems, Inc.

 

Date: July 20, 2015

By:

/s/ Glenda Dowie

  

 Glenda Dowie

  

 Chief Executive Officer

  

  







EX-32.2 6 f10q043015_ex32z2.htm EXHIBIT 32.2 SECTION 906 CERTIFICATION Exhibit 32.2 Section 906 Certification


Exhibit 32.2



CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT 0F 2002


In connection with the Annual Report of APT Systems, Inc. (the Company") on Form 10-Q for the period ended herein as filed with the Securities and Exchange Commission (the "Report"), I. Joseph Gagnon, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:


  

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


  

(2)

The information contained in the Report fully presents, in all material respects, the financial condition and results of operations or the Company.


 

  

  

APT Systems, Inc.

 

Date: July 20, 2015

By:

/s/ Joseph Gagnon

  

 Joseph Gagnon

  

 Chief Technical Officer

  

  





EX-32.3 7 f10q043015_ex32z3.htm EXHIBIT 32.3 SECTION 906 CERTIFICATION Exhibit 32.3 Section 906 Certification



Exhibit 32.3



CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT 0F 2002


In connection with the Annual Report of APT Systems, Inc. (the Company") on Form 10-Q for the period ended herein as filed with the Securities and Exchange Commission (the "Report"), I. Carl Hussey, Principal Accounting Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:


  

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


  

(2)

The information contained in the Report fully presents, in all material respects, the financial condition and results of operations or the Company.


 

  

  

APT Systems, Inc.

 

Date: July 20, 2015

By:

/s/ Carl Hussey

  

 Carl Hussey

  

 Chief Financial Officer

  

  






  



EX-101.CAL 8 apts-20150430_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 apts-20150430_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.INS 10 apts-20150430.xml XBRL INSTANCE DOCUMENT 2163 776 2250 330 4413 1106 0 0 3892 4526 3892 4526 8305 5632 43459 38516 90000 75000 50000 50000 12189 7189 12816 10253 8231 8402 216695 189360 216695 189360 0 0 8915 8915 104585 104585 -321890 -297228 -208390 -183728 8305 5632 7713 7543 2080 2080 0.001 0.001 10000000 10000000 0.001 0.001 90000000 90000000 8915000 8915000 8915000 8915000 8830000 8830 87670 -156574 -60074 85000 85 16915 0 17000 0 0 -140654 -140654 8915000 8915 104585 -297228 -183728 0 0 -24662 -24662 8915000 8915 104585 -321890 -208390 2163 216695 321890 208390 13000 0 125000 8000000 1500 11500 5000 90000 75000 8231 8402 7002 0 0.1900 1200000 0.8000 12251 10126 2395 2316 100000 0.1000 240 118 7430 2189 250 5242 7430 2189 0.0500 46 9 5000 10000000 0.001 90000000 0.001 8915000 5500000 2500000 0 0 -8385 -31208 8385 31208 0 0 109442 101057 -109442 -101057 0 0 321890 0 25000 3000 0.0500 0.0500 5000 60 5000 50000 <!--egx--><p style='margin:0cm 0cm 0pt'><b><u><font lang="EN-US">1. &nbsp;NATURE OF OPERATIONS</font></u></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><font lang="EN-US">APT Systems, Inc</font></b><font lang="EN-US">. (&#147;APT Systems&#148;, &#147;the Company&#148;, "We" or "Us") was incorporated in the State of Delaware on October 29, 2010 (&#147;Inception&#148;) 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 its 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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><font lang="EN-US">Going Concern Consideration</font></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception and anticipates future losses in the development of its business raising substantial doubt about the Company&#146;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 from directors and, or, the sale of shares of common stock. There is no assurance that these events will be satisfactorily completed.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'><b><u><font lang="EN-US">2. &nbsp;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></u></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Basis of Preparation of Financial Statements</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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. &nbsp;Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. &nbsp;In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. &nbsp;Operating results for the three months ended April 30, 2015 are not necessarily indicative of the final results that may be expected for the year ended January 31, 2016. &nbsp;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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Development Stage Company</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company is a development stage company as defined under the then current Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 915, &#147;Development-Stage Entities&#148;. Additional disclosures required as a development stage company are that our financial statements be identified as those of a development stage company, and that the statements of operations, changes in members&#146; deficit and cash flows disclosed activity since the date of our Inception (October 29, 2010).</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">In June 2014 the FASB issued ASU 2014-10 regarding development stage entities. The ASU removes the definition of development stage entity, as was previously defined under generally accepted accounting principles in the United States (U.S. GAAP), from the accounting standards codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">In addition, the ASU eliminates the requirements for development stage entities to (i) present inception-to-date information in the statement of income, cash flow and stockholders' equity, (ii) label the financial statements as those of a development stage entity, (iii) disclose a description of the development stage activities in which the entity is engaged, and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Consequently this additional disclosure has not been presented in these financial statements</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Use of Estimates and Assumptions</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Foreign Currency Translation</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The financial statements are presented in United States dollars. In accordance with ASC 830, &#147;<i>Foreign Currency Matters</i>&#148;, 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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Cash and Cash Equivalents</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Financial Instruments</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.&nbsp;&nbsp;Accounting Standards Codification (&#147;ASC&#148;) 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:</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Level 3: Significant unobservable inputs which reflect a reporting entity&#146;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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, not payable and loan from director approximate their market values as of April 30, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Software</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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 &#150; 5 years.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Website</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company accounts for website development costs in accordance with ACS 350-50 &#147;<i>Website Development Costs</i>&#148;. Costs incurred to register domain names, integrated databases and add additional functionality are being amortized over 1 &#150; 3 years. Costs incurred in general maintenance of the website or hosting costs are expensed as incurred.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Deferred Financing Costs</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">For the three month periods ended April 30, 2015 and 2014, the Company had paid refundable deposits of $13,000 and $0, respectively. &nbsp;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. &nbsp;The deposits are refundable for non-performance. &nbsp;As of the date of this report, neither the bridge loan nor the private placement had been secured. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">During the year ended January 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. &nbsp;As of January 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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Impairment of Long-Lived and Intangible Assets</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Income Taxes</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company accounts for income taxes in accordance with FASB ASC 740 &#147;<i>Income Taxes</i>&#148;. 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 April 30, 2015 and 2014, the Company has no unrecognized tax benefits. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Revenue Recognition</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Advertising costs</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Advertising costs are expensed as incurred. The Company recorded no advertising costs during the three months ending April 30, 2015and 2014.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Research and Development Costs</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Costs incurred in research and developments are expenses as incurred.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Stock Based Compensation</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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&nbsp;<i>Note 7 &#150; Stockholders&#146; Deficit</i>&nbsp;below. &nbsp;During the three month periods ended April 30, 2015 and 2014, no stock options had been issued or outstanding.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Comprehensive Income (Loss) </font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Comprehensive income is defined as all changes in stockholders&#146; equity (deficit), exclusive of transactions with owners, such as capital investments. &nbsp;Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. &nbsp;From our Inception there were no differences between our comprehensive loss and net loss.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The comprehensive loss was identical to the net loss for the three months ended April 30, 2015 and 2014.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Basic and Diluted Net Income (Loss) per Share</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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 month ended April 30, 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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Reclassifications</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Certain reclassifications have been made to prior period financial statements to conform to the 2015 presentation.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Business Segments </font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company believes that its activities during the three month periods ended April 30, 2015 and 2014 comprised a single segment.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Recently Issued Accounting Pronouncements</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">In May 2014, the FASB issued ASU No. 2014-09, &#147;Revenue from Contracts with Customers (Topic 606)&#148; (&#147;ASU 2014-09&#148;). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 will have on our consolidated financial statements and disclosures.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <!--egx--><p style='margin:0cm 0cm 0pt'><b><u><font lang="EN-US">3. &nbsp;GOING CONCERN AND LIQUIDITY</font></u></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">As of April 30, 2015, the Company had cash of $2,163, insufficient revenue to meet its ongoing operating expenses, liabilities of $216,695, accumulated losses of $321,890 and a shareholders&#146; deficit of $208,390.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The unaudited financial statements for the three months ended April 30, 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&#146;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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Financial statements do not include adjustments that may be necessary if the Company is unable to continue as a going concern.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><u><font lang="EN-US">4. &nbsp;RELATED PARTY TRANSACTIONS</font></u></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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 April 30, 2015 and January 31, 2015, was $90,000 and $75,000 respectively. The accrued compensation will only be paid as and 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&#146;s common stock as determined by the Board of Directors in consultation with its legal advisors. Market price will be considered the publicly quoted share price, either when such a publicly quoted price becomes available, or the last cash price the Company received for the sale of its common shares. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">As of April 30, 2015 and January 31, 2015, the Company owed the President $8,231 and $8,402 respectively by way of loans. The loans are unsecured, due on demand and interest free.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">During the twelve months ended January 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 $7,002 and $0 to the related party contractor in respect of the provision of these services during the three months ended April 30, 2015 and 2014, respectively.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company entered into a Consulting Agreement with Joseph J. Gagnon, the Secretary of the Board of Directors, on February 3, 2012. This agreement was amended jointly by the Board of Directors and Mr. Gagnon. As of June 15, 2012, it was agreed and accepted by all that Mr. Gagnon should discontinue his full-time services for a specified period of time. As of April 30, 2014, Mr. Gagnon is not scheduled to resume his duties unless otherwise agreed to in writing No balance was owed to Mr. Gagnon by the Company as of April 30, 2015 or January 31, 2015. &nbsp;</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0in 0in 0pt'><b><u>5. &nbsp;CONVERTIBLE NOTE PAYABLE </u></b></p> <p style='margin:0in 0in 0pt'>&nbsp;</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 &nbsp;This convertible note accrues interest at the rate of 19% per annum and is convertible only when a &#147;qualifying financing&#148; 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 May 31, 2015.</p> <p style='margin:0in 0in 0pt'>&nbsp;</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 &#147;Qualified Financing&#148;). &nbsp;</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The conversion price is equal to 80% of the per share price paid by the purchasers of such equity securities in the Qualified Financing. &nbsp;Accrued and unpaid interest will be paid by the Company at time of conversion.</p> <p style='margin:0in 0in 0pt'>&nbsp;</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'>&nbsp;</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'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Accrued interest payable as of April 30, 2015 and January 31, 2015 was $12,251 and $10,126, respectively. &nbsp;Interest expense for the three months ended April 30, 2015 and 2014 were $2,395 and $2,316 respectively.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As disclosed in <i>Note 10 Subsequent Events</i> below, 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 accordingly we went into default under the terms of this convertible note payable on May 31, 2015. We had entered into discussions with the convertible noteholder prior to May 31, 2015 to extend the term of the convertible note payable and effective June 29, 2015 we received confirmation &nbsp;that we had reached agreement with the convertible noteholder to further extend the term of the convertible note payable to July 31, 2015. 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> <!--egx--><p style='margin:0in 0in 0pt'><b><u>6. &nbsp;NOTES PAYABLE</u></b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>In November 21, 2014, the Company received $5,000 by way of unsecured short-term loan from a non-related party for a term of six months at 10% interest due upon repayment &nbsp;Accrued interest of $240 and $118 is included in the financial statements as of April 30, 2015 and January 31, 2015, respectively. As disclosed in <i>Note 10 Subsequent Events</i> below, 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. Accordingly we continue to be in default under the terms of this note payable as of the date of this issuance of this report. We have had discussions with the holder of the note payable to extend the term of the note payable but as yet have not signed any agreement to extend or amend the terms of the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. The initiation of any collection action by this noteholder could affect our ability to execute on our business plan and operations. &nbsp;</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company entered into a new stock transfer agreement dated November 19, 2014 with Pacific Stock Transfer. As part of the agreement, amounts owed to the Company&#146;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 of the settlement of this $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 April 30, 2015 and January 31, 2015, accrued interest on this loan was $46 and $9, respectively. As on April 30, 2015, and as of the date of the date of the issuance of this report, we have not had the funds to made any payments under the term of this agreement and consequently were in default under the terms of this agreement as of April 30, 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. &nbsp;</p> <p style='margin:0in 0in 0pt'>&nbsp;</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. As disclosed in <i>Note 10 Subsequent Events</i> below, 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 and accordingly we went into default under the terms of this note payable on 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 July 31, 2015. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. </p> <!--egx--><p style='margin:0in 0in 0pt'><b><u>7. &nbsp;COMMITMENTS AND CONTINGENCIES</u></b></p> <p style='margin:0in 0in 0pt'>&nbsp;</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 timelines of the agreement.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company executed two short-term lending arrangements with non-related party, Mr. Raymond C. Dove, on April 30, 2015. &nbsp;The effective dates of the loans are May 1, 2015 and June 22, 2015. &nbsp;The loan amounts are $25,000 and $3,000, respectively, with interest accruing at 5% per annum. &nbsp;Repayment is in one lump sum due and payable on or before December 4, 2015.</p> <p style='margin:0in 0in 0pt'>&nbsp;</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, the Company believes it may be subject to certain potentially significant penalties to be levied by the Alberta Securities Commission. It is not possible to determine the amount of these potential liabilities at this time. </p> <!--egx--><p style='margin:0cm 0cm 0pt'><b><u><font lang="EN-US">8. &nbsp;SHAREHOLDERS&#146; DEFICIT</font></u></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><font lang="EN-US">PREFERRED SHARES</font></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">No shares of preferred stock were issued and outstanding during the three months ended April 30, 2015 and 2014.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><font lang="EN-US">COMMON SHARES</font></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company is authorized to issue 90,000,000 shares of common stock, par value $0.001 per share.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">No shares of common stock were issued during the three months ended April 30, 2015 or 2014.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">As of April 30, 2015, there are a total of 8,915,000 of the Company&#146;s common shares issued and outstanding</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><font lang="EN-US">STOCK OPTIONS</font></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company adopted the 2013 Equity Incentive Plan (the &#147;Plan&#148;) 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. &nbsp;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&#146;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. &nbsp;As of April 30, 2015 and January 31, 2015, no options have been issued or are outstanding under this Plan.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><b><u><font lang="EN-US">9. &nbsp;INCOME TAXES</font></u></b></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company accounts for income taxes in accordance with ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized.</font></p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The provision for refundable federal income tax consists of the following for the periods ending:</font></p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0"> <tr> <td width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">April 30, </font></p> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">2015</font></p></td> <td valign="top" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">April 30,2014</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Federal income tax benefit attributed to:</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt;text-indent:60.5pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net operating loss</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(8,385)</font></p></td> <td valign="bottom" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(31,208)</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Valuation</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;8,385</font></p></td> <td valign="bottom" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;31,208</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net benefit</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;-</font></p></td> <td valign="bottom" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;-</font></p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:&nbsp;</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0"> <tr> <td width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">April 30, </font></p> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">2015</font></p></td> <td valign="top" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">January 31, 2015</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Deferred tax attributed:</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net operating loss carryover</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;109,442</font></p></td> <td valign="bottom" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;101,057</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Less: change in valuation allowance</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(109,442)</font></p></td> <td valign="bottom" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(101,057)</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net deferred tax asset</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">$</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">-</font></p></td> <td valign="bottom" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;-</font></p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">At April 30, 2015, the Company had an unused net operating loss carry-forward approximating $321,890 that is available to offset future taxable income; the loss carry-forward will start to expire in 2030.</font></p> <p style='margin:0cm 0cm 12pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'><font lang="EN-US">The provision for refundable federal income tax consists of the following for the periods ending:</font></p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0"> <tr> <td width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">April 30, </font></p> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">2015</font></p></td> <td valign="top" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">April 30,2014</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Federal income tax benefit attributed to:</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt;text-indent:60.5pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net operating loss</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(8,385)</font></p></td> <td valign="bottom" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(31,208)</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Valuation</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;8,385</font></p></td> <td valign="bottom" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;31,208</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net benefit</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="84" style='border-top:#f0f0f0;border-right:#f0f0f0;width:63pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;-</font></p></td> <td valign="bottom" width="14" style='border-top:#f0f0f0;border-right:#f0f0f0;width:10.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;-</font></p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:&nbsp;</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <div align="center"> <table cellspacing="0" cellpadding="0" border="0"> <tr> <td width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">April 30, </font></p> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">2015</font></p></td> <td valign="top" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="center" style='text-align:center;margin:0cm 0cm 0pt'><font lang="EN-US">January 31, 2015</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Deferred tax attributed:</font></p></td> <td valign="top" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="top" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net operating loss carryover</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;109,442</font></p></td> <td valign="bottom" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;101,057</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Less: change in valuation allowance</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(109,442)</font></p></td> <td valign="bottom" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 1pt solid;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;(101,057)</font></p></td></tr> <tr> <td valign="bottom" width="474" style='border-top:#f0f0f0;border-right:#f0f0f0;width:355.5pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Net deferred tax asset</font></p></td> <td valign="bottom" width="12" style='border-top:#f0f0f0;border-right:#f0f0f0;width:9pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">$</font></p></td> <td valign="bottom" width="83" style='border-top:#f0f0f0;border-right:#f0f0f0;width:62.25pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">-</font></p></td> <td valign="bottom" width="17" style='border-top:#f0f0f0;border-right:#f0f0f0;width:12.75pt;border-bottom:#f0f0f0;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;$</font></p></td> <td valign="bottom" width="90" style='border-top:#f0f0f0;border-right:#f0f0f0;width:67.5pt;border-bottom:black 2.25pt double;padding-bottom:0cm;padding-top:0cm;padding-left:0cm;border-left:#f0f0f0;padding-right:0cm;background-color:transparent'> <p align="right" style='text-align:right;margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;-</font></p></td></tr></table></div> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">&nbsp;</font></p> <!--egx--><p style='margin:0in 0in 0pt'><b><u>10. &nbsp;SUBSEQUENT EVENTS</u></b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company received two short-term unsecured loans from a non-related party. The effective dates of the loans are May 1, 2015 and June 22, 2015. The loan amounts are $25,000 and $3,000, respectively, with interest accruing at 5% per annum. Repayment is in one lump sum due and payable on or before December 4, 2015.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As disclosed in <i>Note 6 Notes Payable</i> above, on November 21, 2014, the Company received $5,000 by way of unsecured short-term note payable from a non-related party for a term of six months at 10% interest due upon repayment. 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 under this note payable remains outstanding in full as of the date of the issuance this report. Accordingly we continue to be in default under the terms of this note payable as of the date of the issuance of this report. We have had discussions with the holder of the note payable but as yet have not signed any agreement to extend or amend the terms of the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. The initiation of any collection action by this noteholder may affect our ability to execute on our business plan and operations. &nbsp;</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As disclosed in <i>Note 5 Convertible Note Payable</i> above, 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 &#147;qualifying financing&#148; event takes place. The note was initially due and payable on May 7, 2014. The Company secured an initial extension of the convertible note to January 29, 2015 and subsequently a further extension to May 31, 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 convertible note payable on May 31, 2015. We had entered into discussions with the convertible noteholder prior to the due date to extend the term of the convertible 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 convertible note payable to July 31, 2015. 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 noteholder or that we will be able to raise the funding necessary to repay the balance due under the convertible note payable. &nbsp;</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As disclosed in <i>Note 6 Notes Payable</i> above, on April 17, 2015, APT Systems, Inc. received $5,000 as a short-term loan from the holder of the Convertible Note Payable, Mr. Donald Meador. This was a 60 day demand note. There is no interest rate currently stated in the agreement. &nbsp;&nbsp;The loan was scheduled to be repaid on July 16, 2015. However, we did not have the funds to make any repayment on the scheduled date and accordingly we went into default under the terms of this note payable on 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 July 31, 2015. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable.</p> <p style='margin:0in 0in 0pt'>&nbsp;</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> <!--egx--><p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Basis of Preparation of Financial Statements</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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. &nbsp;Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. &nbsp;In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. &nbsp;Operating results for the three months ended April 30, 2015 are not necessarily indicative of the final results that may be expected for the year ended January 31, 2016. &nbsp;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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Development Stage Company</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company is a development stage company as defined under the then current Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 915, &#147;Development-Stage Entities&#148;. Additional disclosures required as a development stage company are that our financial statements be identified as those of a development stage company, and that the statements of operations, changes in members&#146; deficit and cash flows disclosed activity since the date of our Inception (October 29, 2010).</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">In June 2014 the FASB issued ASU 2014-10 regarding development stage entities. The ASU removes the definition of development stage entity, as was previously defined under generally accepted accounting principles in the United States (U.S. GAAP), from the accounting standards codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">In addition, the ASU eliminates the requirements for development stage entities to (i) present inception-to-date information in the statement of income, cash flow and stockholders' equity, (ii) label the financial statements as those of a development stage entity, (iii) disclose a description of the development stage activities in which the entity is engaged, and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Consequently this additional disclosure has not been presented in these financial statements</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Use of Estimates and Assumptions</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Foreign Currency Translation</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The financial statements are presented in United States dollars. In accordance with ASC 830, &#147;<i>Foreign Currency Matters</i>&#148;, 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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Cash and Cash Equivalents</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Financial Instruments</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.&nbsp;&nbsp;Accounting Standards Codification (&#147;ASC&#148;) 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:</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Level 3: Significant unobservable inputs which reflect a reporting entity&#146;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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, not payable and loan from director approximate their market values as of April 30, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Software</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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 &#150; 5 years.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Website</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company accounts for website development costs in accordance with ACS 350-50 &#147;<i>Website Development Costs</i>&#148;. Costs incurred to register domain names, integrated databases and add additional functionality are being amortized over 1 &#150; 3 years. Costs incurred in general maintenance of the website or hosting costs are expensed as incurred.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Deferred Financing Costs</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">For the three month periods ended April 30, 2015 and 2014, the Company had paid refundable deposits of $13,000 and $0, respectively. &nbsp;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. &nbsp;The deposits are refundable for non-performance. &nbsp;As of the date of this report, neither the bridge loan nor the private placement had been secured. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">During the year ended January 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. &nbsp;As of January 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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Impairment of Long-Lived and Intangible Assets</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Income Taxes</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company accounts for income taxes in accordance with FASB ASC 740 &#147;<i>Income Taxes</i>&#148;. 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 April 30, 2015 and 2014, the Company has no unrecognized tax benefits. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Revenue Recognition</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Advertising costs</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Advertising costs are expensed as incurred. The Company recorded no advertising costs during the three months ending April 30, 2015and 2014.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Research and Development Costs</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Costs incurred in research and developments are expenses as incurred.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Stock Based Compensation</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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&nbsp;<i>Note 7 &#150; Stockholders&#146; Deficit</i>&nbsp;below. &nbsp;During the three month periods ended April 30, 2015 and 2014, no stock options had been issued or outstanding.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Comprehensive Income (Loss) </font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Comprehensive income is defined as all changes in stockholders&#146; equity (deficit), exclusive of transactions with owners, such as capital investments. &nbsp;Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. &nbsp;From our Inception there were no differences between our comprehensive loss and net loss.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The comprehensive loss was identical to the net loss for the three months ended April 30, 2015 and 2014.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Basic and Diluted Net Income (Loss) per Share</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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 month ended April 30, 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. </font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Reclassifications</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">Certain reclassifications have been made to prior period financial statements to conform to the 2015 presentation.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Business Segments </font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">The Company believes that its activities during the three month periods ended April 30, 2015 and 2014 comprised a single segment.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u><font lang="EN-US">Recently Issued Accounting Pronouncements</font></u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">In May 2014, the FASB issued ASU No. 2014-09, &#147;Revenue from Contracts with Customers (Topic 606)&#148; (&#147;ASU 2014-09&#148;). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 will have on our consolidated financial statements and disclosures.</font></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><font lang="EN-US">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.</font></p> <p style='margin:0cm 0cm 12pt'>&nbsp;</p> -24662 -91787 634 894 -1920 0 7506 56570 15000 15000 -3442 -19323 0 0 -2470 -5750 2299 9000 5000 0 4829 3250 1387 -16073 776 18830 2163 2757 1100 408 0 0 9513 0 0 17 9513 17 7002 0 7002 0 2511 17 6250 6000 634 894 15000 15000 1626 4436 0 62750 23510 89080 -20999 -89063 -3663 -2724 -3663 -2724 -24662 -91787 0.00 -0.01 8915000 8830000 APTY 10-Q 2015-04-30 false APT Systems Inc 0001543739 --01-31 8915000 Smaller Reporting Company Yes No No 2016 Q1 0001543739 2015-02-01 2015-04-30 0001543739 2015-04-30 0001543739 2015-01-31 0001543739 2014-02-01 2014-04-30 0001543739 2014-04-30 0001543739 2014-01-31 0001543739 2014-02-01 2015-01-31 0001543739 us-gaap:CapitalUnitsMember 2014-01-31 0001543739 us-gaap:CommonStockMember 2014-01-31 0001543739 us-gaap:AdditionalPaidInCapitalMember 2014-01-31 0001543739 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2014-01-31 0001543739 us-gaap:CapitalUnitsMember 2014-02-01 2015-01-31 0001543739 us-gaap:CommonStockMember 2014-02-01 2015-01-31 0001543739 us-gaap:AdditionalPaidInCapitalMember 2014-02-01 2015-01-31 0001543739 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2014-02-01 2015-01-31 0001543739 us-gaap:CapitalUnitsMember 2015-01-31 0001543739 us-gaap:CommonStockMember 2015-01-31 0001543739 us-gaap:AdditionalPaidInCapitalMember 2015-01-31 0001543739 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2015-01-31 0001543739 us-gaap:CommonStockMember 2015-02-01 2015-04-30 0001543739 us-gaap:AdditionalPaidInCapitalMember 2015-02-01 2015-04-30 0001543739 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2015-02-01 2015-04-30 0001543739 us-gaap:CapitalUnitsMember 2015-04-30 0001543739 us-gaap:CommonStockMember 2015-04-30 0001543739 us-gaap:AdditionalPaidInCapitalMember 2015-04-30 0001543739 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2015-04-30 0001543739 2014-01-08 0001543739 2014-07-08 0001543739 2014-11-21 0001543739 2014-11-19 0001543739 2015-04-17 0001543739 2012-01-31 0001543739 2015-05-01 0001543739 2015-06-22 0001543739 2015-07-20 iso4217:USD shares iso4217:USD shares pure EX-101.LAB 11 apts-20150430_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Received two short-term unsecured loans from a non-related party Received two short-term unsecured loans from a non-related party Deferred tax attributed: Reserving shares for future issuances Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Accured interest on short term loan Accured interest on short term loan Liabilities, Total Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.within disposal group and discontinued operation. Reclassifications Basic and Diluted Net Income (Loss) per Share SIGNIFICANT ACCOUNTING POLICIES Cost of Goods Sold {1} Cost of Goods Sold Preferred stock $0.001 par value, 10,000,000 shares authorized; None issued as of April 30, 2015 (unaudited) and January 31,2015 respectively Total Liabilities Total Liabilities Entity Filer Category APT Systems, Inc. received additional short term borrowing APT Systems, Inc. received additional short term borrowing Accrued interest on loan Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Convertible note accrues interest at the rate per annum Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Cash paid for : CashPaidForAbstract [Abstract] Increase in unbilled revenue (Increase) in unbilled revenue Gross Profit Gross Profit STOCKHOLDERS' DEFICIT Document Fiscal Year Focus Entity Common Stock, Shares Outstanding Net operating loss The net result for the period of deducting operating expenses from operating revenues. Issued shares of common stock Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). Company received by way of unsecured short term loans Company received by way of unsecured short term loans Conversion price is equal to the per share price paid by the purchasers in percent Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Research and Development Costs Development Stage Company NOTES PAYABLE {1} NOTES PAYABLE RELATED PARTY TRANSACTIONS Statement {1} Statement Legal Common stock $0.001 par value, 90,000,000 shares authorized; 8,915,000 shares issued and outstanding as of April 30, 2015 (unaudited) and January 31, 2015 respectively. Convertible accrued officer compensation Entity Well-known Seasoned Issuer Company recognised gain of settlement amount Company recognised gain of settlement amount Bridge loan Short-Term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Also called swing loan or bridge financing. Deferred Financing Costs: Advertising Costs Deferred Financing Costs CONVERTIBLE NOTE PAYABLE Net cash (used in) investing activities Net cash (used in) investing activities Common stock issued in settlement of accounts payable at $0.20 per share Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Operating Costs Convertible notes payable Unbilled revenue Unbilled revenue Document and Entity Information: Net operating loss carry-forwards Valuation Common Share: Stock Option Plan: Other indebtedness in aggregate with gross proceeds Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. The company paid to the related party consultant in respect of provision of these services. The company paid to the related party consultant in respect of provision of these services. Impairment of Long-Lived and Intangible Assets SUBSEQUENT EVENTS {1} SUBSEQUENT EVENTS NOTES PAYABLE Issuance of short-term notes payable Loan from director {1} Loan from director Additional Paid-in Capital Accounting Common Stock, shares authorized Preferred Stock, par value Web site (net of $2,080 (unaudited) and $2,080 accumulated amortization respectively) Web site accumulated amortization Entity Trading Symbol Net deferred tax asset Issued as incentive stock options Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). As per stock transfer agreement ,amounts owed to the Company's previous stock transfer agent amount paid by Pacific stock transfer. Accured interest on short term loan Accrue a monthly salary per month for the President Expenditures for salaries for officers and non-officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. Accumulated losses The cumulative amount of the reporting entity's undistributed earnings or deficit. Income Tax Expense Benefit As Follows Basis of Preparation of Financial Statements CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM OPERATING ACTIVITIES Entity Public Float COMMITMENTS AND CONTINGENCIES AS FOLLOWS: Interest for short term loan Interest for short term loan One consulting firm has refunded to the Company out of 4,000 amount One consulting firm has refunded to the Company out of 4,000 amount NATURE OF OPERATIONS {1} NATURE OF OPERATIONS NATURE OF OPERATIONS Parentheticals Accrued interest payable Document Fiscal Period Focus Significant items of net deferred tax amount is as follows: Net benefit Common shares issued and outstanding Total number of common shares issued and outstanding Issue shares of common stock as a deposit for an option to acquire 100% of the issued share capital of AZUR Universal Inc., Amount of the cost of borrowed funds accounted for as interest expense. SUBSEQUENT EVENTS COMMITMENTS AND CONTINGENCIES {1} COMMITMENTS AND CONTINGENCIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {1} SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interest Changes in operating assets and liabilities: Total Entity Voluntary Filers Settlement of balance amount Settlement of balance amount RELATED PARTY TRANSACTIONS AS FOLLOWS Private equity placement Private equity placement financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Comprehensive Income (Loss) Policy Use of Estimates and Assumptions Cash and cash equivalents at beginning of period Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Net cash provided by financing activities Net cash provided by financing activities Increase in accrued officer compensation Expenditures for salaries of officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. CASH FLOWS OPERATING ACTIVITIES: Balance Balance Balance Equity Components Contract Labor Amount incurred in hiring contract labor Consulting revenue Consulting revenue Additional paid-in capital Loan from director Loan from director Total Assets Total Assets Federal income tax benefit attributed to: Issued shares of preferred stock Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt Preferred Share: Interest Expense on convertible note Interest Expense on convertible note Provision for federal income tax consists of the following Stock Based Compensation SHAREHOLDERS' DEFICIT Repayment of loan from director Net loss Net loss for the year ended January 31, 2015 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Net Income(Loss) Net Income(Loss) Amortization Preferred Stock, shares authorized Total current assets Total current assets ASSETS Rate of interest per annum Rate of interest per annum Options have been issued under this Plan Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Repaid by the company to Pacific transfer Repaid by the company to Pacific transfer Accrued officer compensation Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received Shareholders' deficit Shareholders' deficit Foreign Currency Translation SHAREHOLDERS' DEFICIT {1} SHAREHOLDERS' DEFICIT SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION CASH FLOWS FROM FINANCING ACTIVITIES General and administrative Accumulated deficit Net book value Net book value Entity Registrant Name Interest per annum accrues on the unpaid balance Interest per annum accrues on the unpaid balance Significant items comprising net deferred tax amount is as follows Business Segments GOING CONCERN AND LIQUIDITY {1} GOING CONCERN AND LIQUIDITY SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Amortization expense Common Stock, par value Software accumulated amortization Total current liabilities Total current liabilities Accounts payable and accrued expenses Software (net of $7,713 (unaudited) & $7,543 accumulated amortization respectively) Current Fiscal Year End Date SUBSEQUENT EVENTS TRANSACTIONS: Shares of common stock, par value Face amount or stated value per share of common stock. CAPITAL STOCK TRANSACTIONS: Amount of the cost of borrowed funds accounted for as interest expense. Cash {1} Cash Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. CONVERTIBLE NOTE PAYABLE {1} CONVERTIBLE NOTE PAYABLE GOING CONCERN AND LIQUIDITY Net change in cash and cash equivalents Increase in accounts payable and accrued expenses Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Total Other Income (Expense) Total Other Income (Expense) Net Operating Loss Net Operating Loss Total Cost of Goods Sold Total Cost of Goods Sold Common Stock, shares issued Notes payable Current Liabilities Fixed Assets Entity Current Reporting Status Balance of accounts payable by a loan amount Balance of accounts payable by a loan amount Issued an unsecured convertible note Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. CONVERTIBLE NOTE PAYABLE CONSISTS OF THE FOLLOWING: Owed to the President Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Net cash provided by (used in) operating activities Net cash provided by (used in) operating activities Earnings per share: basic and diluted Total Operating Costs Total Operating Costs E-book sales E-book sales Common Stock, shares outstanding Web site accumulated amortization Capitalized Website Accumulated Amortization TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT TOTAL STOCKHOLDERS' DEFICIT TOTAL STOCKHOLDERS' DEFICIT LIABILITIES & STOCKHOLDERS' DEFICIT Less: change in valuation allowance Federal income tax consists of the following for the periods ending: Shares of preferred stock, par value Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Notes payable details Interest Expense on convertible note Website Financial Instruments INCOME TAXES RELATED PARTY TRANSACTIONS {1} RELATED PARTY TRANSACTIONS Net loss for the period ended April 30, 2015 (Unaudited) The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Stock Amount Common Shares Statement Compensation to officer Revenue Number of days from short term loan Rate of interest per annum Net operating loss carryover Installment amount per months Installment amount per months Accrued interest on note Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to interest on note. GOING CONCERN AND LIQUIDITY DETAILS Paid refundable deposits Paid refundable deposits Revenue Recognition, Policy Software Income Taxes CHANGES IN STOCK HOLDERS EQUITY Weighted average number of common shares outstanding: basic and diluted Interest expense Other Income (Expense) Total Revenues Total Revenues Cash and cash equivalents Entity Central Index Key Document Period End Date Document Type Additional short-term borrowing from the holder of the Convertible Note Additional short-term borrowing from the holder of the Convertible Note As repayment of the remaining amounts owed to the Company on these agreements is uncertain 100% of the outstanding balance of the deferred financing costs As repayment of the remaining amounts owed to the Company on these agreements is uncertain 100% of the outstanding balance of the deferred financing costs Recently Issued Accounting Pronouncements Income Taxes {1} Income Taxes Cash and Cash Equivalents, Policy INCOME TAXES {1} INCOME TAXES COMMITMENTS AND CONTINGENCIES Deficit Accumulated Current Assets Amendment Flag EX-101.PRE 12 apts-20150430_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 13 apts-20150430.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000240 - Statement - COMMITMENTS AND CONTINGENCIES (Details) link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - NOTES PAYABLE link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - NATURE OF OPERATIONS link:presentationLink link:definitionLink link:calculationLink 000300 - Statement - SUBSEQUENT EVENTS TRANSACTIONS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 000210 - Statement - RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - INCOME TAXES link:presentationLink link:definitionLink link:calculationLink 000260 - Statement - CAPITAL STOCK TRANSACTIONS (Details) link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - CONVERTIBLE NOTE PAYABLE link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 000250 - Statement - Stock Option Plan (Details) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Condensed Balance Sheets Parentheticals link:presentationLink link:definitionLink link:calculationLink 000060 - Statement - Condensed Statements of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Condensed Statements of Changes in Stockholders' Deficit link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Income Tax Expense Benefit As Follows (Tables) link:presentationLink link:definitionLink link:calculationLink 000190 - Statement - Deferred Financing Costs (Details) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Condensed Balance Sheets link:presentationLink link:definitionLink link:calculationLink 000280 - Statement - Significant items of net deferred tax amount is as follows (Details) link:presentationLink link:definitionLink link:calculationLink 000230 - Statement - Notes Payable (Details) link:presentationLink link:definitionLink link:calculationLink 000270 - Statement - Federal income tax consists of the following for the periods ending (Details) link:presentationLink link:definitionLink link:calculationLink 000200 - Statement - GOING CONCERN AND LIQUIDITY (Details ) link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:definitionLink link:calculationLink 000220 - Statement - CONVERTIBLE NOTE PAYABLE (Details) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - GOING CONCERN AND LIQUIDITY link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Condensed Statements of Operations link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - SHAREHOLDERS' DEFICIT link:presentationLink link:definitionLink link:calculationLink EXCEL 14 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0````(`%1J]499N[QTHP$``-X3```3````6T-O;G1E;G1?5'EP97-= M+GAM;,V874_",!2&_PK9K6&E5?$CP(UXJR3Z!^IVQAK:M6G+@']O.]#H,@TH M2\[-/GA/S_MNIWLNF+SN#+C!5LG*39/2>W-/B,M*4-REVD`5E$);Q7VXM4MB M>+;B2R!L-!J33%<>*C_TL4ZCK4 M12$RR'6V5F%)ZH,U7`0]&2RX]4]/XJ26\A?O`WS[?XVOA;TER/. MM;G^:>B-Z$ASZA$2)^5@2')<(LEQA23'-9(<8R0Y;I#DN$62XPY)#CK"$@0+ M42D6I%(L3*58H$JQ4)5BP2K%PE6*!:P4"UD9%K(R+&1E6,C*L)"582$KPT)6 MAH6L#`M9&1:RLD^RDN9OO=D[4$L#!!0````(`%1J]49(=07NQ0```"L"```+ M````7W)E;',O+G)E;'.MDLMNPD`,17\EFGUQ2B46$6'%AAU"_(`[XSR4S'CD M,2+]^X[8@,)#K<32KWN/KKP.J:P.-*+V'%+7QU1,?@RIROW:=*JQ`DBV(X]I MP9%"GC8L'C67TD)$.V!+L"S+%4EK0VTPAGEN&; M>5ADZ3SXB?078VZ:WM*6[13@2=&A MXD7U(V8#$NTIO8+Z>@"%,;X[)9J4@B,WHX*[O]C\`E!+`P04````"`!4:O5& MQK)]/&@!``"D$@``&@```'AL+U]R96QS+W=O[)ZEMJ+K6EU7O9^]-W?K=\/Z0E"'T.V-\7DIC_;SKI1U6KYUK;!@> M76%ZF]]L(8;3=&7<=$YRW/^#/>:#YL M,"S?>_G/]MWU6N5RZO+71MKP1X7YVB`Q\2".!S$D*(L'99"@13QH`0E:QH.6 MD*!5/&@%"5K'@]:0H$T\:`,)VL:#MI`@2A494TR2AC5&:U*X)HS7I(!-&+%) M(9LP9I."-F'4)H5MPKA-"MR$D9L4N@EC-REX$T9O5O1FC-ZLZ,V@L[9VV,;H MS8K>C-&;%;T9HSC-&;U;T9HS>K.C-&+U9T9LQ>K.B-V/TSB9Z^](ZN3P' M5[6%?W3-M^%JT01O'^ZU/#YEG*HV3+0.PTYBQNO#/QWCU,\0\^N'U/$#4$L# M!!0````(`%1J]4;S]'E;!0,``-0(```0````9&]C4')O<',O87!P+GAM;+U6 MW6^;,!#_5TYY6?>PD573I%49D@M.BY9`!DZW/KIP)%:)C;!;M?OK=T";)2W] MVL/R=#Y^]_WS.1-MQT>+QM38.(46;C:5MD>D_#9:.U9[-U[B1]B-!-'TM M3;.1CH[-RC-EJ7(,37ZU0>V\P_'XBX`CH+\IQA?M4H=^N/>\RNJL-DN:PPH%A^*2N+/>JOLL,$ M9E-+?>OUIYG2EW99"Q-*A[M6^Q]Z[VO98$%!][QOE1WF]);JK%K;8"WU"HM= M[../][TXP\:VE7XZ_#BFW[8%]_K>-\I"Z=5"JL;ZDVMW=(VY,\W=F*[=OTZI M,'D[='LF*#\[@@MIL16_C:YEHZ1V([#J-QT/1WW87MO)56U=X_\TS:5=(SH[ M\;;*3MS%[LKJLW_XM4.0M(_TMI7Y=VW;J[O5".4JM$FYD(W[3ZWH:MHVXNMH MI_I[%R!U`5P[HB-$N@]%P]MMR58*#-T+;;&`8UE)G2-DC_KW(ABH?HK[@DWF MB,%M?A9,"0E1D-)ZDTW/UI=R>V`C[1JFU:!-S,0RY9!,(5GPE(DHB;-!8+:< MSUEZWB*SZ"2.IE'`8@$L"))E+*)!FY,DBD\@2.*`IS&P.(19]&,9A9$X'\2G M?,8$#V'!4G$.(F5QQH*G4R+'9SP5T?&,0YP(3G;GC`[#A1(@>Q81)/-Y).8\ M%EF7*[D7E#^/@X@_T9-3EO+39!;R-'L'(:>>1&(0&<7DG8-@OYYRM3S.^(\E M!0=^UJ8PB&)Y;JZ(U7H%"T,[N7T9#NZE]\.1=6XV"$+>T$JO6WK`,6HLE0-F M83IH$V*)#:U2F"I-'&_#!<82F0Y"='*8L,_,NC5[X[R[2&\:^G.YQ<9A>T-O MY46%=\#JB7X]RP(X&!Z>,_DE7>=VQ<""UL)+,=@B$FP&F4B"[Z^L>XH%;8L* M5#]/1_/,C;;*]G=\."^UTHHV*^UR4+00.J1&!T4WX-<1<3^_1X_*[NOPX"WP M]O_#^'\`4$L#!!0````(`%1J]4:N'.]6/@$``&D#```1````9&]C4')O<',O M8V]R92YX;6S-DTU/PS`,AO\*ZKU+LPJ8HJX'0)R8A,00B%M(O"VL^5#BJ>N_ M)\M*RX#+;MSJVN_CUW%2"<>$]?#HK0./"L+%7C.UO=X*0:\V_DF MP:0@T(`&@X'0"259_6RVQK:F(J.^KJ+CA@=<6*E6"N1--Y;]3L7."%Z'HQSD MT#[]_=-#RI"LK]P'-52U;3MIRU07!Z;D=?'PE,XF5R8@-P*B*BB&G8-Y]M7Y MI;R]6]YG];2@EWEQG4_IDI:,SE@Y>SM,=N)O-*S[(?ZMXR^#:;NHL($S=YLT M,BTW?2:0A""\&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M M3A^%$5B-;'EDD81_OTV23;J;/`0LZ?O.14?GZ#AY\^XN8NB&B)3R M> +]O6N[!3+ MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,! M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2 MBW`A(5M>5`TR`` M6'!VULS2`Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D`4.`#?$ MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH] M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5`9<8WS2J-2S%UGB5P/&M MG#P=$Q+-E`L&08:7)"82J3E^34@3_BNEVOZKR2.FJW"$2M"/F(9 M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+ MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+` M.7\N?<^E[[GT/:'2MSAD6R4)RU3393>* M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_# M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O&`RN0 MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M#`DL6XA9$N)-7>W5YYNTB42%(JP#`4A M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.' MYA,L0Z1^P7V*BH`1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW>`,?-2K6J5D*Q$_ M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]! MU4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_`5!+`P04```` M"`!4:O5&2HZ50$<"``#@"0``#0```'AL+W-T>6QE@%T\^9TY__?3BV$D@2YMUI?ZBTZ.[ MYQZ=Y+/C!M:#`-PUD@"),XC64KY@(:E*M60H(O!PCY^%M5T`0_GG_\U2JX^8#\>/;I M["Q\O+C9Q\_=P@5&GN-;D>!H=H6#YY-.PO`PL5W<(Y^]D/QOW'O4UY8ZZ`N4 MQJ628YVFV`-IW#RA%>'&/[+NN>)*(S`'830X1!)!O<XSSW>T9((UK`D"UG)L) MZNW%NC:;DTI2+]+Y'?&N-%E'TZNM`#>8O)G2!=5#Y@AOH#3FM`03H%FUM".H MVDI7`$H8HV"D4I)P2[F)Z`U#FU/.[^V;\E#N<'!(OZLHA@8DF=K(?FJI\=HX\.T*1WYK4"]I!?X.#KCRD\-0M_T]-KU^U48VY@F]=GI.3 M.^BN%1G5<]<87R[I\OKXD;FW$^_)?-M;G8/RG2_\`4$L#!!0````(`%1J M]4;!1*Q6S0,``'<*```/````>&PO=V]R:V)O;VLN>&ULE991#"W+:/"H@VYH(R8/D)NVO[PHGUW6M9G)/($"?M-*G M93^:\:/N'NZU?B!/K51FW$V"K;6[\6!@ZBUOF?E'[[B"=VO=M9$`D,S9MA.7-)!A!4S_RHP?=?G>U%](USH?GP<#! M7D)==J36#3_`Z%:8+\\O`M+P-=M+2V&R+^-.@C`:1='%@>$^NQ7\T6"@>T!8 M;<4W3MG])!@&A.VMG@EI>3=EEE]W>K\3:@.L@*Q%9VSEPNV_;(42K?CAY@TM ML]6/-[H3/[2R3%9UIZ7L>[D7?2<8P?SW!.9H17WTH67WI=N)27`Q!.`W8<2] MD,)^GP3]O>0NDL%OH?3+_^N.J'YQ7K:8,-605%F@D$P=-@^6QLT!/LZ:?N!N M+."FRYKPL%08E&C5<&5X0ZZ89*KFI(_%($*$"-';"63).I@A`KU#H'>O@2H+ M6^/",T2O2;'C'42%0",$&KT=E&R9VG`@/*:K M,B7%C!3+M(QI5N05ZOT>]7Y_VKM:+19Q>>>Z5]EUGLVR),XIB9.D6.4T0Z`/ M"/3A%'1=9/DU28H\2,ZO5595^7D$$)+UU<>#.6,;08V-**KX4EL2$SC,)JAAXWIWS- MNPZ.VDPHR")N31],^R]_/"*&QK MY,NT?S#^-,#H*.-Z_,VUY2Z_?F?PTWCN+X]V+L+F1KYD^]H1(&<8A1V./`Y7 M5M\K1F'#(X_A)V?V.$B, MPH9'E\]EP:]*`,86BC>N3C+],%!HU*YX@LLA`8[.W2EQ[0445)/`53U0X.RE M3.!9H>::];7!@?Q2+GWZ"5!+`P04````"`!4:O5&V_NF$W4"```E"0``&``` M`'AL+W=ON6]J)FG4>IY>=OT?/ M1Y1IB$'\KND@%GU/+_[$V)L>_#SO_%"O@3:TE-H$4]D]$-3 M$Y?]A_7OQEVU_!,1],B:/_595FJUH>^=Z87<&OG*AA]T\B'1!DO6"//URIN0 MK'U0?*\E[V-;=Z8=QC\QFF@P`4\$/!-P^B4AF@C13$"Q\711D_TF:/G2.U@Q-;EVT<] M0CH#229('&71%M;1%P244Z&KE-I9!6"R%965S$6NA8V56A-FZ=!FBY(P7#E^ M!.;P'F%7RHXQ`(/75.!$1I%KP0XS"+,29PC.=^2F,[8C#<*LA!J"DQZY.8WM M8(,P:RIPYB,WL;$3:*D3`CA$*S<8@O,?N=F-[4OL$R8=,?8U%BRJ4DOYU51K MX97LULFQ_,RS\XM@CTU5^X`7>4^N]!?AU[H3WHE)51M-=;LP)JE:2OBD-K92 M;Y9YT-"+U-U,]?E8Q<>!9/WC43*_C(K_4$L#!!0````(`%1J]4;1CHX^80,` M`(H/```8````>&PO=V]R:W-H965T&ULC9=+<]HP%$;_BH=] M8UT]_,@`,X5.IUUT)I-%NW9`@">V16T3TG]?R09JZUZ39A&_OBL=27"PYF=3 MOS8'K=O@O2RJ9C$[M.WQ,0R;S4&76?-@CKJR3W:F+K/67M;[L#G6.MMV1641 M>ZN7=\?VC=C7`Y M#V]UV[S459.;*JCU;C'[#(]K'KE(E_B9ZW,S.`\<_(LQK^[B^W8Q8XY!%WK3 MNB8R>WC3:UT4KB7;\^]+H__Z=(7#\VOK7[OA6OR7K-%K4_S*M^W!TK)9L-6[ M[%2TS^;\35_&H%R#&U,TW?]@)2(+R"L"?KQO4E:[/EO#;GH.X7XYBY-8='86=NXVZZB;)C:NPSEUC. MWY8\G8=OKIU+9#6,\#XR3JQQ0K!;)+3]WR`X"<$']:*O![I>D/5B4"_[>@]Q MU4>J+A+W@X!(>./`H3B.:!!)@D@,XO6QDH,^5`_"%?-`<$A,S:@B010&D1Z( M0GU("?Z,X!``FYB2B"2)\-HJNCXFZV,\DL@;28P@_?F\EQ@Q)"1#@AEBCR'! M*Y:D_O<$AZ3B$[.9DB0I)DD\DO1_2'!HFL1ID#('PRQ('0SUDPBF?'W@E(H& MW^`QS83'`'W.Y,0:`RTAX&@\$OSQ<#QO0JK4'Q".B43!U/S24@-L->E;#03J M*&7VS^?!L5@-8V,>VFV`Y29]N0$6EZ)X/HJ->6C%`7:<]!T'A+\X)&B]<"P> MIL8XM.<@PCC*QXD(G`0B'X>(,:[$!`_M3<#BE+XX`7LQX0)\'"(EV=37DS8H M8(5*7Z&`]6A_HZ,4Z0+G[&*):.KC0YL4L$JEKU+`FJ2)<.X>$:>%RAE6V,1G MD-,2Y(#&Y+]:K"Z9>[^6=R-CCHGW.:Q2Y:N48T[IF.VUS^R>I]73?!B M6KL!Z[90.V-:;5MD#W:(![LQOET4>M>ZT]B>U_U6L;]HS?&Z\[UMOY=_`5!+ M`P04````"`!4:O5&?;6"E2X"``"9!P``&````'AL+W=OZDO%Y00H=N]!Z5$*7[7>&"+OB/A#X2\R\'/ MT\Z%D@$W^,AE""2:&][CII&11.:/*>C_G-*X[-^COZAR!?X!,;PGS9_ZQ"M! M"UWGA,_HVO`W,OS`4PV1#'@D#5/_SO'*.&GO%M=IT>?8UIUJAW$E@I/-;O`G M@S\;O/!+0S`9`LT`1C)5UW?$49%3,CAT?!@]DL_J58LL94E-EFT+&6\R!(IB0?'GX;SA'!%E%B)$I-(>ZG+ MY*G=>:1:L:16EM1DT5[,,C6*SNR[\X1P1919B3*3*-2(,B-1FGF1"?18M^*1 M1Z[ME((F4:0?4_!)I">$(Q-8'*(]NN!?B%[JCCD'PL5YK$[4,R$C3\>88!YST]XMPOHV+?U!+`P04````"`!4:O5&?^L?9U,# M``!A#@``&````'AL+W=OX(D0!(9S$SL3J<]=":30WLFMFPS`>2"'*?_ON(CA&A732\&Q+O:1Y+UHLVN MNGWN3DJ9X+6NFFZ].AESO@O#;G=2=='=ZK-J[)N#;NO"V,?V&';G5A7[(:BN M0D8(#^NB;%9Y-K0]M'FF+Z8J&_70!MVEKHOVST95^KI>T=5;PV-Y/)F^(%O;RHK:JJOB>;^??4Z7O./G!Y_];[UV&X%O^IZ-165[_*O3E96K(*]NI0 M7"KSJ*_?U#2&I.]PIZMN^`UVE\[H^BUD%=3%ZW@MF^%Z'=\(-H7A`6P*8'/` MG`] M(L]>C-ZSL&U.($CB[G,"DK"$.JN_152^E:4>RZ%P;;FG!]12 M[BF#HQ'N:!C@Y"QQMPNF(L0WM[C]T`C22)1J&I2=?4*.)9G'$7!ZKB./+];W!SH]#=I.MN%#H7 MF!DHX4PDOIG!#8X*R,)<%@%W9)10P`-E,B72QX,;)H6.*5W'I-`-;QA)T]0% M0G26B$<>(MP[:0I\0GIV`\-=CT'7DZ[K,>AG-Q'G[O<,DS'!?#RX\S$*>=S3 MUJ3YE`>1_8,']U$&?52Z/LJ6#BFF1#'GX!"'Z%(JI.?;P'`O9=!+I>NE+`*9 MW!WQ09*.,.26^,ZMN)J_8X5#1=L-.7 MQHS'X[EUKIKNA]K":=_8:FJL?=Z[R;-S<50_BO98-EWPI(VM*X;*X*"U49:3 MW%J;/=EZ;WZHU,'TM\+>MV,%-#X8?7XKZ.:J,O\+4$L#!!0````(`%1J]4:Q MN`0UB@(``(H)```8````>&PO=V]R:W-H965T&ULC99!2U?K(33<64[C;[2!X;SK:M MJ"HC!`")*E;489ZU]UZ:/!,G518U?VD">:HJUOQ9\E*<%R$,+S=>B_U!F1M1 MGD6#;EM4O):%J(.&[Q;A-_BXIH9H@5\%/\M1.S!S?Q?BPW1^;!K9OS/)GT3Y5FS504\6A,&6[]BI M5*_B_)WW%K`IN!&E;/^#S4DJ45TD85"QK^Y:U.WUW#VA<2_S"U`O0(,`)C<% M<2^(KX+;(R2](!D$B-X4X%Z`KP)P4T!Z`;E.J0N_"ZN-^IDIEF>-.`=-MSV. MS.Q"^$CT8F[,3;-V.F:IGQDBSS[S.R!*J$6M M7&H&,<'4=N_A"``C;))`[$T@=A.@5@*Q.^DYQ&X"?LY*P(4@2'!J82L7FZ$Y M12BU(O!P,(WIB)MDD'@S2-P,K'&6B>O-DX"/LOR[""1.2BN7LH9:>^K0\80F MMK'7-G9MSRU#>#0*]#H$TGO]C8:DW!.H)P7Y%T[LK>Y=8N<0,)818K_KU M7:RS%(V^44>VYS]9LR]J&;P+I3]W[0=K)X3BNB1XT)OEH`]&0Z?D.V6:5+>; M[JS0=90X7DX^P_$K_PM02P,$%`````@`5&KU1HR.J)Y%`P``W0T``!@```!X M;"]W;W)K+MZ;V$?4G:5[4MW$D)Y;W75=.O5 M2:GS@^]WNY.HB^Y>GD6CGQQD6Q=*W[9'OSNWHMCW077E8Q#$?EV4S2K/^K&G M-L_D155E(YY:K[O4=='^W8A*7M!X2`JL5,F1:%/KV(KJLIDTC/_ M&9.^SVD"Y]>W[%][N9K^<]&)K:Q^EWMUTFR#E;<7A^)2J9_R^DV,&B*3<">K MKC]ZNTNG9'T+67EU\3:O'5[&N3#O'!Z8KMS.#)I":4V=?F80>?::0X"9_VH2C9C-'(,# M9D+X.OLT!5)3;-`)MR;8NHB8TS,P4@2;Q;-1!*,3A&2"<)8@'!.$5A4&3--C M>(^YPS".;2T$+`6>+.B)2#H1H2>B$\1D@IC0$UMZXAG1:"@ZLS1O74R2AC01 M3A+AA)*%4B1D@H10DEA*$H?E':086%I<5$`324DB*4$DM8BDSA0\LNN^=4%1 M'/$%+L:"J*X-7#80V&T;.#-!%`1V7?X+^TAHP4:`(`0V(7!?%`M#NX,H&*0, M%SH:2-=Y!'0_/<"%%+2M`"-$,5L4^^2[&@5]!OE(A+8G"`DM"WT(M*5`1&B) M;"V16WD,N:.'@$7Z2U\@1%L4N!X5VA8%KO\@IJE-QT6ER]\O[5/`B?(X=+C; MND0_N:@E+K3E`>%YP&TNKIV%"3JE<5$,%U\4;7Q`.!_8%@RNJP%+N$W'1=U! M'/"%SD;:_)`R/]N*T74USFTK)D"0)&RA/DA;'Q+69_]\-NAZ&D+,;#X$BD<+ M_TND?0\)W\.E]1KM>TCX'MJ+0G1-3?^"[&8@4.'L__V1#6U^2"S.T'9A=)== M#I7/(`,1?[9JKD5[['<3G;>3ET8-*]-I=-JQ/*)9=5OC&[V3&?8=[VGR[%P< MQ8^B/99-YSU+I=?T_:K\(*42FF%PKWWUI/=:TTTE#LI<WH\G]02P,$%`````@`5&KU1@-)/7VA`0``L0,``!@```!X;"]W;W)KM.GNDK7/]@3%;MJ"%O<$> M.K]3H]'"^=`TS/8&1!5)6C&>)-^8%K*C11YSSZ;(<7!*=O!LB!VT%N;/"12. M1YK2:^)%-JT+"5;D;.%54D-G)7;$0'VD=^GAE`5$!/R2,-K5F@3O9\37$#Q6 M1YH$"Z"@=$%!^.D"]Z!4$/*%WV;-SY*!N%Y?U1]BM][]65BX1_5;5J[U9A-* M*JC%H-P+CC]A;F$?!$M4-HZD'*Q#?:50HL7[-,LNSN.TP].9MDW@,X$OA-LD M&I\*19L_A!-%;G`D9CK:7H0;3`_<'T09DJ%O;]'ZO8`H\DN1\BQGER`T8TYK M#)\P"X)Y]:4$WRIQXE_H?)N^VW2X6]%W7QS^)9!M"F0K@>P_+6YA]O\48:LS MU6":^'0L*7'HW'1X2W9YG7<\WLDGO,A[T<"3,(WL+#FC\S<;[Z9&=."M)#=[ M2EK_?Y9`0>W"\KM?F^E)38'#_OI!EE]:?`!02P,$%`````@`5&KU1I/A"FFA M`0``L0,``!@```!X;"]W;W)K6B?67MLHP#C`%ZG?U_`7L=MW!=@AG/.G.%2C&A? M70?@R;M6QAUIYWU_8,Q5'6CA;K`'$W8:M%KX$-J6N=Z"J!-)*\:S[(YI(0TM MBY1[MF6!@U?2P+,E;M!:V-\G4#@>Z8Y>$R^R[7Q,L+)@"Z^6&HR3:(B%YD@? M=H=3'A$)\%/"Z%9K$KV?$5]C\+T^TBQ:``65CPHB3!=X!*6B4"C\-FM^E(S$ M]?JJ_I2Z#>[/PL$CJE^R]ETPFU%20R,&Y5]P_`9S"[=1L$+ETDBJP7G45PHE M6KQ/LS1I'J>=?#_3M@E\)O"%\"5+QJ="R>97X4596!R)G8ZV%_$&=P<>#J** MR=AWL.C"7D24Q:7<\;N"7:+0C#FM,7S"+`@6U)<2?*O$B7^B\VWZ?M/A?D7? M?W+XET"^*9"O!/+_M+B%N?^G"%N=J0;;IJ?C2(6#\=/A+=GE=3[P="2,/MQLNIL&T4.PDMW<4M*%_[,$"AH?E_=A;:^^L'67YI M^0=02P,$%`````@`5&KU1NKA?%FA`0``L0,``!@```!X;"]W;W)KQVW<5^`&DK??=@3%7MJ"%N\$.3-BI MT6KA0V@;YCH+HDHDK1C/LCNFA32TR%/NR18Y]EY)`T^6N%YK8?^<0.%PI!MZ M33S+IO4QP8J^IV^#^+!P\H/HE*]\&LQDE%=2B M5_X9AT>86KB-@B4JET92]LZCOE(HT>)MG*5)\S#N\/U$6R?PB8WX4616QR('8^V$_$&-P<>#J*,R=AWL.C"7D04^:78\'W.+E%HPIR6&#YB M9@0+ZG,)OE;BQ#_1^3I]N^IPNZ!O/SG\2V"W*K!;".S^T^(:YNL_1=CB3#78 M)CT=1TKLC1\/;\[.K_.>ISOY@!=Y)QKX*6PCC2-G].%FT]W4B!Z"E>SFEI(V M_)\Y4%#[N/P2UG9\4F/@L;M^D/F7%N]02P,$%`````@`5&KU1AY.3[N@`0`` ML0,``!D```!X;"]W;W)K&UL=5/;;N,@$/T5Q`<4 MAZ3;5>18:EI5W8>5JC[L/A-[;*,"XP*.NW^_@!W7;=T78(9SSISAD@]H7UP+ MX,F;5L8=:.M]MV?,E2UHX:ZP`Q-V:K1:^!#:AKG.@J@222O&L^P'TT(:6N0I M]V2+''NOI($G2UROM;#_CJ!P.-`-O22>9=/ZF&!%SF9>)348)]$0"_6!WF[V MQUU$),`?"8-;K$GT?D)\B<&OZD"S:`$4E#XJB#"=X0Z4BD*A\.ND^5XR$I?K MB_I#ZC:X/PD'=ZC^RLJWP6Q&206UZ)5_QN$1IA:NHV")RJ61E+WSJ"\42K1X M&V=ITCR,._QFHJT3^$3@,^%GEHR/A9+->^%%D5LX47>B09^ M"]M(X\@)?;C9=#F@`0``L0,``!D```!X;"]W;W)K&UL=5/;;MP@$/T5Q`<$+]ZDU MIW]?P&O';=P78(9SSISA4HQHWUP'X,F[5L8=:>=]?V#,51UHX6ZP!Q-V&K1: M^!#:EKG>@J@322O&L^R.:2$-+8N4>[%E@8-7TL"+)6[06MC?)U`X'NF.SHE7 MV78^)EA9L(572PW&233$0G.D][O#:1\1"?!#PNA6:Q*]GQ'?8O!4'VD6+8"" MRD<%$:8+/(!242@4_G75_"@9B>OUK/X]=1OV[8#:CI(9&#,J_ MXO@(UQ9NHV"%RJ615(/SJ&<*)5J\3[,T:1ZG'3[3M@G\2N`+X6N6C$^%DLUO MPHNRL#@2.QUM+^(-[@X\'$05D['O8-&%O8@HBTNYRWG!+E'HBCFM,7S"+`@6 MU)<2?*O$B7^B\VUZONDP7]'S3P[_$MAO"NQ7`OO_M+B%R?\IPE9GJL&VZ>DX M4N%@_'1X2W9YG?<\W@A6LIM;2KKP?Y9` M0>/C\DM8V^E)38''?OX@RR\M_P!02P,$%`````@`5&KU1B_B=TN@`0``L0,` M`!D```!X;"]W;W)K&UL=5/;;MP@$/T5Q`<$+^MM MJY774C95U#Y4BO+0/K/VV$8!Q@&\3O^^@+V.V[@OP`SGG#G#I1C1OK@.P),W MK8P[T<[[_LB8JSK0PMUA#R;L-&BU\"&T+7.]!5$GDE:,9]DGIH4TM"Q2[LF6 M!0Y>20-/EKA!:V%_GT'A>*([>DL\R[;S,<'*@BV\6FHP3J(A%IH3O=\=SWE$ M),!/":-;K4GT?D%\B<'W^D2S:`$45#XJB#!=X0&4BD*A\.NL^5XR$M?KF_IC MZC:XOP@'#ZA^R=IWP6Q&20V-&)1_QO$;S"TQ%1%M=RM\\+=HU",^:\QO`)LR!84%]*\*T29_Z!SK?I^TV'^Q5]_\'A7P+Y MID"^$LC_T^(6YO!/$;8Z4PVV34_'D0H'XZ?#6[++Z[SGZ4[>X671BQ9^"-M* MX\@%?;C9=#<-HH=@);L[4-*%_[,$"AH?EY_#VDY/:@H\]K&UL=5/;;MP@$/T5Q`<$+]XDUIW]? MP%[';=P78(9SSISA4HQH7UT'X,F[5L8=:>=]?V#,51UHX6ZP!Q-V&K1:^!#: MEKG>@J@322O&L^R.:2$-+8N4>[9E@8-7TL"S)6[06MC?)U`X'NF.7A,OLNU\ M3+"R8`NOEAJ,DVB(A>9('W:'TSXB$N"GA-&MUB1Z/R.^QN![?:19M``**A\5 M1)@N\`A*1:%0^&W6_"@9B>OU5?TI=1OX.[`PT%4,1G[#A9=V(N(LKB4N_RN8)*?Z'R;GF\ZS%?T_)/#OP3VFP+[E<#^/RUN8>[_*<)69ZK!MNGI.%+A M8/QT>$MV>9T//-W)![PL>M'"#V%;:1PYHP\WF^ZF0?00K&0WMY1TX?\L@8+& MQ^5]6-OI24V!Q_[Z099?6OX!4$L#!!0````(`%1J]49RF5Q_H0$``+$#```9 M````>&PO=V]R:W-H965TC\AOL3@=W6@6;0`"DH?%428SG`'2D6A4/AUTOPL&8G+]47]/G4; MW)^$@SM4?V3EVV`VHZ2"6O3*/^'P"Z86KJ-@B!MG:=(\ MC#N<3[1U`I\(?";<9,GX6"C9_"F\*'*+`['CT78BWN!FS\-!E#$9^PX67=B+ MB"(_%YOM3<[.46C"')<8/F)F!`OJ6B?67MLHP#C`EZG?U_` M7L=MW!=@AG/.G.%2C&C?7`?@R;M6QAUIYWU_8,Q5'6CA;K`'$W8:M%KX$-J6 MN=Z"J!-)*\:S[(YI(0TMBY1[L66!@U?2P(LE;M!:V-\G4#@>Z8Y>$Z^R[7Q, ML+)@"Z^6&HR3:(B%YDCO=X=3'A$)\$/"Z%9K$KV?$=]B\%0?:18M@(+*1P41 MI@L\@%)1*!3^-6M^E(S$]?JJ_CUU&]R?A8,'5#]E[;M@-J.DAD8,RK_B^`AS M"[=1L$+ETDBJP7G45PHE6KQ/LS1I'N>=_4S;)O"9P!?"URP9GPHEF]^$%V5A M<21V.MI>Q!O<'7@XB"HF8]_!H@M[$5$6EW*79P6[1*$9CB,5#L9/ MA[=DE]=YS].=?,#+HA.RO'V3YI>4?4$L#!!0````(`%1J]48_5*2"H`$``+$#```9```` M>&PO=V]R:W-H965TVRC`.,`7J=_7\!>QVG<%V"&<\ZC\COL3@1WVD6;0`"BH?%428+O``2D6A4/AUUGPO&8GK]57]6^HVN#\+ M!P^H?LO:=\%L1DD-C1B4?\;Q.\PMW$;!"I5+(ZD&YU%?*91H\3;-TJ1YG'?N M9MHV@<\$OA#NLF1\*I1L/@HORL+B2.QTM+V(-[@[\'`054S&OH-%%_8BHBPN MY2[G!;M$H1ES6F/XA%D0+*@O)?A6B1/_1.?;]/VFP_V*OO_D\(-`OBF0KP3R M_[2XA=G_4X2MSE2#;=/3<:3"P?CI\);L\CKO>;J3=WA9]**%G\*VTCAR1A]N M-MU-@^@A6,EN;BGIPO]9`@6-C\NO86VG)S4%'OOK!UE^:?D74$L#!!0````( M`%1J]48!]NB*H0(``%L+```9````>&PO=V]R:W-H965TI%7'AGWAR%;)DVC_(4 MJ8OD[-`'M4U$XSB+6E9W857V9V^R*L55-W7'WV2@KFW+Y+\M;\1]'9+P MG\[:'D15&4UQA[KEG:I%%TA^7(<;LMK2Q$)ZQ.^:W]7L/K#)[X3XL`\_#^LP MMCGPAN^UI6#FVB_VZ2HS#N+J,I;1=*T MC&Z6:,1LYQ@Z8"9$9-@G"8HDMO0IG.+P!&:8S,*3,<,%)D@A03HC2$>"S/E$ MA,FQR`**+`!!X8@@S!*+9%`D>R98Q(X(PGC*E4.1'!!01P1A$BQ20)$"$+AM MAS">PB^AR!(0N(5'&$_AK;N1@V)`X98>@CRU)QZGDF>*S*T^!'G*3Z!=-X0" M"KIHFK`T!9YM'!$X``>V>YJX-`A4<' M#P$"')XM71T`RF./#IX#!)@\)ZX.`GG&.\&C@`"?YT_U0:#4HX.G`0%6SQ>N M#@)Y^H#B>4"!U7.W#R#(TP<4SP,*K)Z[?8!`A:?J"5^6%G?@O)D]U MIX*=T&8%ZY>HHQ":FUSB%^/EL]ETIX>&'[6]S&UL;53;;J0@&'X5X@,4QSEVXIATNFFZ%YLTO=B]9O1728'?!1R[ M;[^`CC53;@1^OA,G\P'UAVD!+/F40IE3TEK;'2DU90N2F0?L0+F9&K5DU@UU M0TVG@56!)`7-TG1')>,J*?)0>]-%CKT57,&;)J:7DNE_9Q`XG))5$0"_.0QFT2<^^P7QPP]^5JJPS>G5"TV8\Q*3C9@909WZ M;)'%+,[9-WH6IZ^C"=<+^GI*N(L+;*("FX7`9A+8WRTQACG$3;91DVU$X/'. M)()Y3.],Z.+@).@FW$]#2NR5'4]HKLY/X"D+!_\%+_*.-?"+Z88K0RYHW?4) M%Z!&M."BI`\N2^L>Z3P04%O?W;N^'N_M.+#8W5[A_"LH_@-02P,$%`````@` M5&KU1LS)N-0>`@``5P8``!D```!X;"]W;W)K&UL M?57;CILP$/T5Q`YB'X M*)]="IG3/C%$LUY9=`]!SP MR9`H"2*$LH#BMO.KTJR]\JID5TG:#EZY)ZZ48OYW!X0-6S_T;PMO[:61>B&H MRF#BG5H*G6A9YW$X;_V7<',H-,(`?K4PB-G8T]Z/C+WKR8_3UD?:`A"HI8Z` MU>,#]D"(#J2$_XPQ[Y*:.!_?HG\SV2KW1RQ@S\CO]B0;91;YW@G.^$KD&QN^ MPYA"J@/6C`CS[]57(1F]47R/XD_[;#OS'.Q.@4::FQ"-A&@B3#IN0CP2XCLA M^2\A&0G)G9"9TMA43"$.6.*JY&SPN#V\'NMW)-PDJM2U7M255440:D\CJO*C M"I_#,OC0@4;,;HZ)+.81<7`@GJ,)$R@'DXW(96,7K0)$CQ+[-2++%R[6D!BY M3<3.6L0S?CQF$;L#),X`R2Q`,@9(%L6TF,Y@H+S))G492AY%T M822=2:06$Z5S)P\ZF5,G<^AD"YULE4J!S,\ME#N%$_`0``<@0``!D```!X;"]W;W)K&UL=93+;J,P&(5?!?$`-9A+2T20)AU5,XN1JB[:M0,_`=7& MU'9"Y^WK"U"4N!M\.__YCHVAG+AXEQV`"CX9'>0^[)0:=PC)N@-&Y!T?8=`K M+1>,*#T4)R1'`:2Q18PB'$4Y8J0?PJJT<\^B*OE9T7Z`9Q'(,V-$_#\`Y=,^ MC,-EXJ4_=CF`H]`J3'2X(_9\QMI"K?]Q?W)[E:G/Q()CYR^]8WJ=-@H M#!IHR9FJ%S[]@7D+F3&L.97V&=1GJ3A;2L*`D4_7]H-M)[>2%'.9OP#/!7@M MP"ZX`]F8OXDB52GX%`AWM",Q;S#>87T0M9DT^]81I5XSBJJ\5'%1E.ABC&;- M8:O!5J/?Z:I!VG^%8"\$;PR2V2#V&R1>@V1CD,X&^"JETPQ6<^\T<9[X*:F7 MDGHHR14EW5"RA9(7F9^3>3F9AY-><;(;3H+CA^*'8\^]G-S#R:XX^>VI10_) M#0=M[M-(3O"/B%,_R.#(E;Z:]G*UG"O0EM&=SM[I'\`ZH-`JT[W7?>&^"3=0 M?%R^\/4W4WT!4$L#!!0````(`%1J]48_F^/5(`(``#8&```9````>&PO=V]R M:W-H965T16WG9JF)O?$L95=)V@Z_<4=< M*47\;XX)&XZN[]X#[VW=2!WPLM2;>65+<2=:UCD<5T?WU3^<$XTP@%\M'L1B M[FCO%\8^].)'>72!MH`)+J160&JXX1,F1`NIQ'\FS4=*35S.[^K?S&F5^PL2 M^,3([[:4C3(+7*?$%;H2^.R&8",&#$/Z7$$Z$\$&(36G&HYA"G)%$61F3I+8,@3KV;%IHP^1(##<;_BCA;$'LX8SSE8+8! M;39RN!&`7U.%//:]"GA%.S:R?'N MS=&Y%;Y"_3Q7\=P_G,:.]I#)TA[5^"?B==L)Y\*D>OSF^5:,2:P,@A?UX1K5 MQ.<%P974TT3-^=C7QH5D_;U+SW\5V3]02P,$%`````@`5&KU1C%KZ53[`0`` M+08``!D```!X;"]W;W)K&ULC57;;ILP&'X5Q`/4 MQAP;$:25:-HN)E6]V*X=8@*JC9GMA.[M9P-AE/RMEHO@PW?ZC6WR0:I7W3!F MO#?!.[WW&V/Z'4*Z:IB@^D'VK+,SM52"&MM59Z1[Q>AI)`F.",8)$K3M_"(? MQYY5D>)<3GL_<"_#;RTY\:X`53D:.&=6L$ZW M^U^"W2%SB!'PLV6#7K4]E_THY:OK?#_M?>PB,,XJXQ2H?5Q9R3AW0M;X]ZSY MS](1U^V;^M>Q6IO^2#4K)?_5GDQCPV+?.[&:7KAYD<,W-I<0.\%*]5% M&REN%-\3]&UZMMWX'*:9#,\TF$!F`ED(0?0I(9P)X?\2HID0;0AH*F5NCT2["*[U)4;="MK%T';.8D!$Q*5@+A+!#!`B$H$*X$HED@WJ2<,-V(24=,C.T/ MMHE`FPBP238V$":%36+0)`8$LHU)?%=+0/#'U22@40(8/6Z,``SYP"0%35)` M(-ALPA2HAL0;5`F@<$`2.$P&ALF`,-L3D=W9D/!QLY=*"!1LHZ#50>WIF?V@ MZMQVVCM*8\_\>&IK*0VS@OC!OM'&WMU+A[/:N&9JVVJZSJ:.D?WM&PO=V]R:W-H965TU@62(N4C9@&W.XUX_KDD[+CYDP9AR/NNJD6NW4*I]]3QY*%A-Y0MO6:._ MG+BHJ=)=O*MJRJC))V_CN*?GD:XK1]4\_[='7X>RK9EE=_ MRJ,J=+2^ZQS9B5XJ]#R-)KAG&0>E,(^(+8#`Y!&S MFV,"_Q'R'9()'S$YA(GN&$\G>\\8@QGCB4`P"L2P0``*!!,!,@HD5B8#INDQ M<8\)?=^'70CH0@"7E>4"8((%DQ`T"0$!9*U^.$L%$VOA=G,,0@D<2`0&$@&! M6)LLCV8F,5E*-P9=8L#%VNQY/'$)!PQ*5K!+`KHD@(MU&/)D[A(NI+("35:` MB7U45C.3$!,,NYCR"Y4''_")["/ISXR65P8MU"$$&,6V$9KOQ<7%0?#Q1Q@P M2FPC"+3D`U<)!)0)^]QLT+Q.D,BNFW/,4B1P)4%`F2#(KN#DF8KE3:Z5EI[9 M+RK.92.=/5?ZANKOF!/GBFE%_T47A4+_S-P[%3LITXQU6PS7^]!1O+W]K=Q_ MF;+_4$L#!!0````(`%1J]4:F#Q#DAP$``#P#```9````>&PO=V]R:W-H965T M?K1?K@7PY*R5<1O:>M^M&7-5"UJX&^S`A)T& MK18^I/;`7&=!U(FD%>-9=LNTD(:61:J]V;+`HU?2P)LE[JBUL#];4-AOZ()> M"N_RT/I88&7!)EXM-1@GT1`+S88^+-;;/"(2X$-"[V8QB=[WB%\Q>:DW-(L6 M0$'EHX((RPEVH%04"HV_1\V_EI$XCR_J3^FTP?U>.-BA^I2U;X/9C)(:&G%4 M_AW[9QB/L(J"%2J7WJ0Z.H_Z0J%$B_.P2I/6?MBYST;:=0(?"7PB\$1@0Z-D M\U%X4186>V*'T78B?L'%FH=!5+$8SQTLNK`7$65Q*OF2%^P4A4;,=H[A(R:? M,"SH3TWXU29\)I"/`LOK`OE5@7PFL!P%5O]<#AB3,*N$663Q^=>'S2;3B0.\ M"GN0QI$]^C#D-*8&T4.0S&Y6E+3A*D^)@L;'\"[$=OBZ0^*QN]S5Z8&ULC53;;ILP&'X5BP>H.9@>(H*T)IJVBTE5+[IK!WX"JHV9[83N M[>M3&"4H&A?X])W\8UR,0KZK%D"C#\YZM8U:K8<-QJIJ@5-U)P;HS4HC)*?: M#.41JT$"K1V),YS&\3WFM.NCLG!S+[(LQ$FSKH<7B=2)B2AV4;?DLT^MP@'>.M@5+,^LMD/0KS;P<]Z&\4V M`C"HM%6@ICG##ABS0L;X3]#\9VF)\_Y%_;O;K4E_H`IV@OWN:MV:L'&$:FCH MB>E7,?Z`L`67L!),N3>J3DH+?J%$B-,/WW:]:T>_0I)`6R>D@9!.A(3<)&2! MD/TO@00"61"PWXHKQ)YJ6A92C$CZCS=0>T:2#3&EKNRDK:PI@C)K%E$6YS(E M]P4^6Z&`>9YC4H_YBMA=([+X*V2_(D(>)@PV(:>DZ6K2=":0!8''=8%L52"; M"9`@\+1(Z3&]P^0.D^>Q?=:-R*H1N3;*E^4@5T;I+:-\U2A?,4H6'R^_,EI$ MV=U"^!!X=IH&>H1?5!Z[7J&#T.9@NJ/5"*'!J,5W1JXU%\PT8-!HVWTP?>G_ M.3_08KC<(-,U5GX"4$L#!!0````(`%1J]4;>E"PLUP$``!\%```9````>&PO M=V]R:W-H965T^W`$*SU@=I.V+Y];4,H(E:E,"N1B'?50^@@P]&N3J%O=;# M$2'5],"PVHD!N%GIA&18FZ&\(C5(P*T+8A0E490CA@D/Z\K-OW6Y/] M!2MX$?0G:75ODHW"H(4.WZA^$^-7F+>06<-&4.7>07-36K!'2!@P_#&UA+MV MG%;R?`[S!R1S0+($&+I-?`*Y-#]CC>M*BC&04VD';+]@?$Q,(1H[:?=M4E1F MS2KJZEXG65*ANS6:->>U)G&:0[9(D+%?&(F7D:SB]S-C[S?8>PWV*X-T-D@W M24X:[C29T\31]/A)J9>4>DC9AI2N2*731+LHBOV8S(O)/!7)_0:YUR#WY%EL M\LR?*G+X9T4*+ZGPD,H-J?B?BI1>3.G!'#:8\FE#Y2'.GO>#5C__@*_P'T,Y^B-[?5,J#0:=LM3%].!W@::#$\KJ/E3JS_`%!+ M`P04````"`!4:O5&3Q_=[/0!``!7!0``&0```'AL+W=OQVATFH/[=F!X4-K8VJ;L/WW MM0TA+''W@NWQ>V_>&'O2B?$WT0)(YYV27IS=5LKAY'FB;(%B\<0&Z-5.S3C% M4BUYXXF!`ZX,B1(/^7[B4=SU;I::V`O/4C9*TO7PPATQ4HKYWQP(F\YNX-X" MKUW32AWPLM1;>55'H1<=ZQT.]=E]#DY%HA$&\*N#26SFCO9^8>Q-+WY49]?7 M%H!`*;4"5L,5"B!$"ZG$?Q;->TI-W,YOZM],M;KE*.0C-XHKD/Q^SQVO1FG>>?H+S0[`2T$M!+6/'9" MN!#".R$RE<[.3%U?L<19RMGD\/E?#%C_\N`4JI,K=5`?E*I)J#V-R-)KAA(_ M]:Y::,'D6PPRF&!%>$I]38%L*7+T0$[F]CJ)K:X"7=NXDV>V&`L9AY! MGWA)K%X2BY=HYR5YJ'EW@XK/$+,);W-A*?#&/&3AE&SLY7PIUNC:*YZ1OO"[ M>*YZR/SD[S)9.N`&?F+>=+UP+DRJYV0>1,V8!&70?U)'U:HNMRX(U%)/#VK. MYX<_+R0;;FUL[:79/U!+`P04````"`!4:O5&J)NVSMX!``!5!0``&0```'AL M+W=O(SL?N'B5#8!"[XQV\N`U2O5[ MC&79`"/R@??0Z96:"T:4'HH+EKT`4ED3HSCT_10STG9>D=NY9U'D_*IHV\&S M0/+*&!%_CD#Y/95[4,.MGR#@FH#]Y3L#^E1F$%OUH8 MY**/#/N9\UQ[;M;#N, M*]ENLKD-X60(9T,0?VJ()D.T,N"1S-;UE2A2Y((/2(S_HB?FEP?[2)]<:2;- M0>F:I%XSBB*_%6&:Y/AF@B;-<:D)1\U'Q6FKB/Q9@C7`3!$Z*<*%/YHH4G=` MY`R(%@'Q%)"MRA@UG=5D5A/XNSA>U^*2!7Z2N7%B)T[LP'E+D M<>K^#Y0X@1('T&X%E&PV\EM0^W&@>']_ MQ.:7M/@+4$L#!!0````(`%1J]4;,??%`W@$``%T%```9````>&PO=V]R:W-H M965TX1DU0(C M\H$/T.N=A@M&E%Z*"Y*#`%);$J,(1U&.&.GZL"QL[$F4!;\JVO7P)`)Y98R( M/X]`^7@(XW`./'>75ID`*@NT\.J.02\[W@<"FD/X)=Z?_ MNEJUVFP4!C4TY$K5,Q^_@2LA,X(5I])^@^HJ%69W&KK?C..WD,\U/ MP(Z`%P*./R0DCI#\+R%UA'1#0%,IMA$GHDA9"#X&8OIY`S%G)-ZGNM65"9K. MZB9(O6<097$K\2XNT,T(.\WBE4#B M!#*_0.(52%8"J1/(-]5.F-YB=A:31%&T*?O5C* M.'TFJC3^N5+'6966?WZV?S1X]O571?SU5^77)]FT6JJT%#*-Q&E:QN6#.$]Y MSCA+Q9XH%C)7Q5H'?\'<'XGV6EHL"OHE4U/QUM,K[XF#0$_N#X6'S MQV^KI`\_M/_XR'[>-L?K(3=J'A=E+N'#2[E4P7ZN;\7XH2C5LH#9IAV3W.8R MBM,YC%Q.LJ1ECA\[=WO[L`H6'0[VONO\X%KE<88GC,2)+,,-:P#^YW_\1QN4 M1C!'1/.<)7+>_'4FDR*849_Q&#[*90)0B-0G\5?UT!QW7.4Y31P74QCWHY)Y MYR[W]@;#O8-AUU+9<@D8-"ZSZ<>>&!,:B:NJ+$JX6X!SQV=G<:)R<0S+S;,\ MV-YX*1/\_4:MLKS$VX)E5C(-!II-Z..X\>-2EE6`SS^&**YG^#Y+@&IDKG<6 M#+O,.C[\027)WL5%4*N_$"A_H9_"/P6+-D1J-6L=^%US, M<0:WGA:PCWE4P:T`JRB`RC^,3\3.\]V`5F4*>#ALIU4#VU%1P"3!K[)8 M$!5/\0_JYRJ^DPD,#P9^2"(-']C M5@CHNU+3,KY3R4,`J'$V*^\!P]TBKWNOAP>U1?Z/7*Z^Q!\.7Q[\QF4N8?)) MEGT4`,LN2'5U:<5HDXX M;Y;>*=@]C==CL]DLG@*13H$TX2,ZU[KOTJQ4=M60OM;\.-(KQFFI`'!EU[B+ M3*9BEF=+$<4Y0#<+:+".94DWE'C@&C".;Z^.__J7JXN3TYOQ%^+D].S\^/RV M.>@Z5S,%:T6B0/XHG@_Z@\$0MI_SU?;$<-`;#.A_6@0+696++(__IJ(OQ26P M$Q$C-X$K*A#A0&3$B16Z`78#)5?(Q("8Z7GX[%Z/)DLT\[6?*U1$1'1D@3P<>/C9Q?=@39ZTAZ49#LVX5QMTF:AD*)35A M^=5*Y02]-1?IZ\POFS_>M(M&6*^H$E)K.H3GZ1Z)BP)$;PS4(:U'`C+:\(99H66"T7,5J# ML<>>5!)E9J15L"^5*M2420A&RS@E`P,Y3R!LX,;"GX_E7D*NP61#),12;P5 M$UG$4X)4%"=5&1+2#RJ>+XB5@-"77WXC1\>WY]Z0(=.T[Q)Z?JJ+DY8$E@8J: MI=,856-S4/A7_#,94ZL\NXOQH),'T)@*NK==D5E&(E%!(MTT\)?XC+&+6WC4 MX\U)5@41HZ<>/#?%L`]NC,<'&ML?ETP'YV.6?7WY_ M.M[@\FE9MU0,1E#QQ*7.SB]'E\?KE[I1`$=#P\FCQ@^Z)8CN8'0!:E.Y!_)D M^8A=U@;$69S"/.O/0Q\2B@E2T#=T$W3Z$Y!93-0\3E$LX0F8%SSI>X7&R=HO MT:`@;M."\BQ\6[`3!>VM_-0"@]'MAYM3<75FN,;59?,.T>O[MEC)J?KSLQ7, MK_([]>SK85^T?2L\#V<05XA!)\_PUQV0$N!^NJ M%1+)0DM594@$.X!"&SA]<5[F0*TB>CO@>_BUF!3L%#R($I4#G$#=AEC&,(F MHFJJ.3O"9D6:>"'FI/\B&A#KF%4I*/":<8$(@)LS<^'D!:\Y4;A=O($)?`[S MX&5[2-<7/RC<&.IX)>P+5&J:*1,K`+Y"C3"/@90!.G;V+`/[5R89_/D^+A=T M:L"(/)-P?7SW2SPZ64%Q\;$OKJJ<@)O'BARW4Y"M<`2'(3PE'#A`.SX&*F4Y M'D;>R3@A>01;!!Q!,:0`F7Y8H'!>>A#/\H\DI".%L,D;:&W`W8-+`%T+CE-D MH&FIC[P=0:8%\+`IW9:<`G=",B.%'2699$>90^L)XJD"F0P[7L33!:R[1+#B M-#@;0FN>9_<`KQ5P<<`$^`@Q:XDKTHU*)"!@:F8J!`*HB^>IIB!R,!O=#;]J M*F\]_V9)CU=`#)$6"(P9TT6*AQ+W>5P:DL`#50A@T"G`J"(73!'/4?7,[P#& M!$<^.^!)7E:K0I.E)*1&FS/+>_"W7+&#`LBH`-K;F+V(U M$Z>?U+0BAG/%&L)N#P<8+!?P+Z5$/<+I\5IM*0AI[[,J00(I07=?X0?E`N1& MN8#+U.,8=:*83,6%B&?B'A`(?2\:?W(9%XJVE"HX98&P1++2.`!7G]TSI[2' MQ']'U`(5:)H`#-#MA5PF3O<6&1`CPOHG8"<-_D:;(AR*B'T@LL9$X\@/Z!)^ MAJN$.T@>/*3**4A2,)F-3T]&-X+,F%1&DC[R^0H=*0+4S:P2#O\%[J?HO+.J MK)`KX;;T7HA0['8*NC]T7Q@>P<$1(#L$2*1@?$1C3.0FYM\!8O#_[\_%X7!O M.#A$1Z*,0#*P!H(3C9()WJ88PY7GI(-0,`J^AXOMBV\R-L@!6?,4_UN`^L+^ M&=QNX=-9XU1@V:9%" MH4#3U^-T[`C(#]C5G'_P-&XC35,,B>)E5'E!PMF2\6.WX0M!$/<5N>30QH#) M88HI"FPMQ[50,#A?Z'G,:+T5+2*-NHD;MIM!G"<&6$V(YR-,HZR:@!B=H`CS M%9*_P]'IF`\(&(MF>+]U(/,Y-AN+B!:I%1J&L+UJE:6UZ]#T3S*`!!^!*W/^ M.GU&?7"`1T\@[\DFR"V,NN'1LU6`85M+I5CJ9J!?S/6$"%+$GX?@9F7.L"+N MK._7`M+;TOU"T::(YP+XJ[KP1QT#93516LIJO;5HINB&$AE**-[X)[B#>Y4` M:B\YH$_$KS[%;):0L@PP6]#)T9(HZJ9$X6""$Z*CD:T(=NLA+/6T"#;AB1KP0.3N*CD0!RV<4:*53X$E@N"`2)U6D2*>1 MOGF-:RW1'87SNYN+:XH*;K%*#9&NQ<7`2_3A_?O1S8^HH(_/O[D\/SL_'EW> M@K%V?/7ADDS$ZZN+\^,6JVV_+S;_6+PC3@,0OB9V9'7K,PL4SZ=!!#.=\N%P M^S;0T@Y$#,UX21,MO$\;[7E$-TA8P\3$&@QR$!49I9GI"ZXDANMC%D4ANWCI M+1][>2__51R\;[!'63QYZ3#1-_`!$TP*HN8%9EI5L`UMI.GEXVBD-PK9"F90M8.!` MG\!+LK1ANGC7X6_61^8=U*4UJ<(A--/(4>[E;(5/J M"":0FHDB);;ON:I9<#M94RYR93E(JQ,.%2&\JZ$*RIJ$ M+FBHY@3(T##^B;DIK%?Q;:)E:Q.!S&EU2Y3Y+R MD1/F6KX@1%NO!NXU1NT`=LC3E8N,=:HU\_;8?M2"J\$ZG;#N:5<7*1)LEQ2? M_VYBSLX?-2-?LSX?<11RGSUHC8S4+.V%P7-83XO8:3IB=HFK?%NEBJ(#]"G> MC7'QC\8?Z`?0G0&&6<2E\!2UK\"C1X4!P*K?,!*&,C1=)ZB%D'#_>#%[L2P5"(G*NF6'X^1DD$2F`LF,\A/0XMI'J\,>C6-#/[: M>9CQ,&QQX4B>%1D?^Q\C)M6=^,Y;PZCU<5Z4S),[Y@`]%5U/Z*WH/`&S@1B5 MHQBN"*!-G&[LA80_%I=#"\8>NA[;)8 M/S#H3P&%EX11I"ZA4;IB70HI>U77'CO4#Y1XB#QXVJ?I>AJ#K32W=@KJ'G!' MMU3*6M`:>&2%T,9D/3M(Q\C6F>TY?%XE6#-HJ)E'(XKL-C)A>B;6A;T4Z/?X%_SF*X5.7:AE0[C MPG41QF!BNL1GBZGM:W#D94SSYF8QU3A7H)A)IQ=U3 MI#`&2*)Z(@MV=I%T;9(H1U@P/8O]1+1K0JB*&2TP`PX)IDQ[M%E->0_])RF, M1_L#U%L`.F":QP7Z_R4`#VXIGRX>M%VYJDH7J>!SD5O%'5;O^Q.(VK]I05LQ MK\PFZ(0FNU]/A#>)+MU@:)6&@TFE0'['!*]YRI*2H,+!BG=)_AP;:>@SJN\W M3^EMWQV8EB"I`TRLL;\&(/!3!N=2`7M>LA32);.5B,#Q%Z&E):% MVH1F`'V)7QL>1!NR@[R]H@M"IL03LCS/)CJR"WCJ#=*@!M$G#0P.ZC!HPW76 MEG(UPWAFS5'/6A'Z<['XP6<8SNG[1#:"P'N$CZ#-KSY)M/=[C+SBP.Z5)N)P M$3E&05``DV0NKWV[RB2V-8PR0T"25`ID56CC\S?>,*8J$_#04L73#7P'A.7` M/6WS6U>KQ[1[05),+\B(Z1%"^#DS8;('!TL_D:A'T,>Y@3410M&>B=V:?1U5 M-K[+7F;,7\=\$4'Y(EHZQ>SX;2JFWK'[PB8F-R,2-C#-.G6)X'?>DT:HP03M MEMD$8TJK!6;%PW%--%\;KW9.$^.N5O-<1EH%X'B3SG%&.8=,`5:=50G%N3&( MDX.^H MYIBY?4;POLOR;OO@>&.8Y5LP!$G&P.M/D M2%;FI/0OS$36CCVG"MG_I"I&9CL(7\Q'1E3#0.5LAF0J2?-BLB>U5$7:&"9& MR1:EKZK1%MR%D(\*]F/(SX4O".O0#$@?>(@)I\8SG!L58+Q%8@PKSO/3;GY, M#R!'BU[=G-E7&"D$X*9A#M/P=FJ-OLOI"?!`7TL]4HYF(:43`>^$_1+I1L`\ MBY@YQ?/A`=5/4%$23%6K>2!,LZ/O,9JR!%0FLKRG2(7)"&='56PL+QI:9CKH M7H]UI%X\2\+Z^US`,2_\BH*),&_4HZ6QHMD2I' M4!?:8]:Z`\)86.7YD2TM`4C>(".' MF'%^)XM2`[TV:'EN8#G/E0E4,`C#\TPS2F?R'#5@0QA,,@O>AV?+C./"+4*. M0FO?:A\="NH>0()`@6%&,1P,_F36\NN))CIUV/J+-$]R$5EBNSU:!M-10'XA MAQ**7`RH"WFJ2R70W;27V%5BMXK6&G5$)*:]L7L+EK3J/?DA MIL@C3836OO#3 M,+O%M#;C2QK5(IG)@XZ&V>N7))MKL^H2&OCO-)MKKWAM)=1(*),V!W27JX5X M-3@$.W9O_.;-WM!@+"_QJ#&,NS491[E;L)[;H7_XF_*RD]#*9&>0SCF)!$U% M"95&?40EV$370U>%6_>1";1-ZT*KSKB"Y>&$?X+ MPL2J*EY^3GB[9%Y@$D4PA^=N;(9E\=_K*HK14/J`O)RX2L<*5T\N!KLCH,ANG)>B9MFAM4J;D%:ZXOSWM@,P;,Q'Z9*SMOW4+^ MMI\V_[26G`9?*9(+)L,K&!^HV'DEUM]_KNMM\*97 MENPB]>*H17T1?>@='53=[;EL28*+;UBP._4^A2][UD^CBX1]OVN_8ULZ;79I.VQ!NNIL4$$-M8I)\*@9\!!`=>9&L+KPSF85C M-5\&X8D)\`AU9U"5#"T7;FV7,)N9PGSC%%F2F-PP)W2;LV4'@.%(Z+G.57#: MT'6>I1E:![Q7T+3?@QKLC.MFBL-EUN#5[N??^6PPPL?%5Y M5I'K+X*5P=Y`\QZOO![MYU1Y[)(Q9ZDA"VNL@.^Z%RI%2J4/( M+NY3ZX##BJ5+[8C1:ZJ7!9RZ4WM%J58FB,B9;!I*-CN]_:!D]&`[&D4Z[H&^WNL'8'^CADGU.E`^C2VNDR1)7>\NCV';^PV M+E'G\L#.$?-(5[06.-./053#4%QUGYQAW<@)L`FJ\$`/!";\]8SI@?IVI%45 MC'KGV2*>Q)0O;%+**!Y"$+*DJ0._1!1".X-R!;CJ_&[DD:00,-=L(XGPMCV9 MK#WIOJ/)[":HS]#I=6P@`(V92T:K7B<\V).@=]YC/&3.DUS(C*1-J91'=F8? MUA,B.,(^JN88)6MGH9:C$4%;BO/2-U"!9OKD[IY M+JJ"Z:H'0*<$18^^V+P8X'S&NE+KFF0R]FH<@I'6E,O-[8`1.R`!H>J.VKHFYICB**7_@>H<=/"2YAXKF,XOQF^+KGI M"0#V4=?XDOSZ(NU7(FM=5Q@13OL5(1M6:^C:!B`02Y`3A6I7X7$)@)UQU;&G M[O678I'=HY'3"RB')K/H'',:EPPA`#EVY0 MN[/AJP-4-XH*2]]BO!4CNVM5*BG?A:L6<6%&WWJA.8'IOGISV*OU"=)Y-?C[ MP?ZP=_2&8QB2]61GL)GL5YIH<-0[>#.P=8<;)5%[Q8E%5S)U/?9RHTO;;/ZL MJPGBWI$D/Z\Y?.&IG6?HH+=YV9)Z)@!!RC*#M9P_CRB/LQ8GE`#03GVX]%.( M[I&\],UMH?]MM6O;FK3%MB;-JTE[2FG:$PK24`RI7/.\C2O3SMIHM5EU%%2D M<5#GGU"/=G-Z,;H]/1'7HQN0';%X4!AYW14<(>!<,.KF$WY!(BKI5:244, MBS((.WN_;)[=PI'!Y]S=D(/OKWE#80#>Y.'45B+,R-*$+M($9JF031.'AYD1 M6/S:/*QEOS@)S;F@FID@:1:4FX]V2`(VM%8>38Q5;XAWYX&KCD1H^BA.URHI M:8),2D8H#".$:RRX\45X6$H;=%6>#9[ITQCG;[AD4LXO3,8(H,D2B'N]`Y=>RJT]:PMO'H7MC- M&HSGR8WN:7VD/>-[3V1A^]_$T_I-6C^]P5_#>N+2@89`UV_5Y3K0LQ8_O]?G M='?]_*BW?S!DQ#WJO1SLU_`6X7XO'TP_(&V4,]>4%-W5N0P]RO*B)($EYTMY M[55GH&C4DAWJ?+HKZZ&&@RU](EQ&1.\?V#/";TSTC^P<\83&$;[.0ASA^6O@ M*/LZM<>L8S:%'(WLV.5EMJMA'Q; M>-TF1R9K@XGTVZQ0H`5_"V:+G*>FG&FLICDW8-&;#VD>$V+$F9KDC#"TMWW< M!!;"N#60CR[Y&#\!XR\9G3O8")[L?6ZV8E-7L"!.^XOVJ2J"9L4U(M-LC,M8 M$%N2A*6RF\<4@5+:@9:^N,M9E21[Q$;M/2#52^/491Q#5ST"`<:UDCQ<@[>4 M-E*QT7]4)6REHAFZY"6CBE2S*J6,?T+Z^]BDTK!)FUKBNV.3B>*LU M4_O:&!*<*$R."?ID75U^?WIS>_[NXE1<7MV>@KKPXPC^TAP'GW8-%5?.M#_J M>?:;4X-TE-4Q+".\;"MI8@4I"VG%YA,'RN`4.U+K6Y0Z&+=5OWI=0T9,>,,W M!P?DM=9(N<<#F?H[NY-'*8E1A6(`B'@ZVQ+"T<1]7)/[GV%P[?_(GT'_2C M+)GWUFF:=L!=OFSJIDZ8 M-RG$&<=57O=TZ,QG!P;>,C43@$Y>8NA.LR.=C:G]4\&=F(O5E:K,@]`(LP5P M$L@I)R;N)D9DE3[:X98PX-P#0Z3$V+KUOAE%I4J)UUH8DUL2N1(JV4;5(:9F M0JWNRAL:D[Z>K%:+R)Z,4$,O\&;#*4W6L4G6QT13%9$%A7+#XA#7U5$[7)LF M2^F@O7W.B:QEB],Q/$G`0?@=Q(KO""MB/S^8HE>W]F(*&QJ@.DE$(P3TD4NM M<^%-'D80U:QB5>5@X!MGJ9_$ZYU:DTC+7IS"SF&8^F799#5O0?\VD-5R,$F? M@Y/9VA:R59/95*>M&*^ME7"H#)N`*3!8RI&75E\K%ZZ.G,.N6F+;.BR_7)"1 M,G"8S*G#F4,;R>5$0-Z8@1C)AT+/;9(28<>Q2W^RG@Y@=$E&QKA9E"#O[]5/ MZ.46#R:Y4*^M"8`49=:)ZD@4YXQ&/G&0;G-G#6GCE;:L@;U07,+(_I6F7!#MACSX1>2S<#(N"5%B;':A,O(2^7PNOD+[?.WC#_XA_'+YJ+#1J2_49#L38\FUQ M2HZ1H,4EB/5QEPKPJB]JOZ/WU_H/]H=MDM\:5=I+X.P9IPEXO4M='8RD_*NZ MCLTJFA%81?S)0`S(90A,T%X@RD=RT.6VHVIPR>3&?JE=!L/A$;)4OY5'9S3I M":Z)WW@IZ]1YZAYINA1R!-ZIW!Q+="X=%MDO649=2TY7X&R^6_TU;S M]=:E@J.[P+2'"/>CG1A@-KT\&'@I[W#[[;L@KP6[L#'P4 M+`.S>O=MXHOZ[%Y^>]`L><)IIIS:P*BO`S]';SQ>`V\:<%S&-T,='&C@+"DH_[GV.MI M7"OWN%<<#D'%`.-D[$K7WFE*LF)K_8%OW6N+8_7;FG6JA8738@E+8W2@S"2V M-ZS/4+1-T05.O]?BY#=-NB%8C"-<%XN&SO![U1;^(5EK=':W-"H/J,!'7,BE MM-;E[=3C#NQ1ZUC"MLPTE5W.067S1:CRK/F8.M7 M=,+,1/?A8-N15`;J_,G)'HT(GB+?D$W$J+52Y68P-D321]N6KWCXVJ!RLVUS M/Q!S=<^2)^`F6,][;V,SGI)G-1JG3Y&`N#95I&C\G^!\D7BO9)3EVN-"'A'Q M:H!*J7'_I:S8_%8MX/CJ_?OSV_>GE[?\*`X8_MC%[O2RI?]=>_SA-7H+UDQ" M+H,JZ?`7U&5>6L=1KHLRW:&,&$JK!PV1W;18?>BU(,J=H*`";<&JTVYO<>8/&D6JX` M)9=MOJ$L-WF`-@?OI;_5?V(#8ML")X+;>.!\]YA:H>/$;9C5#$#JC.;8!EM; MZ,XB-@8FO08(8&3)Q'39FE!SC%AMVG"8$9PJ]6T;'K_:S07RG%??45C0I`@5 M6G(D!YU'_S*Z.7WDQ;%V)GO4%_['6+G!7XOKF].STYN;TQ,>,`Z:"]IWMGR. MVGP@#HZU:KQXQR6_[E4OTECIK3ER**SY4.7NZ;O&HW*_*03"`N;J\@DG#)_` M"ZKKW<',"WK&H]8X7TW2^(=[TF&`,ODLGF?M;*NMANJM8(00?3<9^V"XUQ ML_AJ-(H(Y#H5)84%O120!>"\AK>\_H$'/L`M$7W^N7:#RIBL*'.F"8>FO3QB4W M%LE&@7URH.A5GF`Y@NIA%@PT%-3!\GH!N*?V7]-+!L&#+)=`YZ?B=O1?&ZJ> M`HUG[Z/?7CZL*X?[KG-'[0O31*=<<*63SBP'0.W(7;B0);[(`K!QI5:VTJI1 M1KVN*QY1B\MPU6T9[$V;":C?3?U0?DY^K9O#SF27-NR2N:A(BS:%Y62ZB..2 M'Z]RP6O.\[==&\Y41&_M>2M:/9(LN&2E(/6[(A#H3EK*9V\$=<`V[+(%X)U5I+%)S1>M.W*8$4_PPMHJ`?MX@ MB3^B_]CXI[A&KZ_[,G8`:Q8"2W>!=KGKMMJZ_CZ:*0)^VR1`^U=R\K5A-[^7+??K3L#P7&D` ME>H0^]C1G^WBG^BS75JH!54-!$?EH[GA%#\G0G\4EUWW*!Q@$[NM2/)?R-$- M?[1(AIWI?F&(1E]JPR=8@.P[2MIAC\HJ9O?9_N!@T-9=_]WX]+L/IY>WXO1[ M]`@T!PP'V$6_,:A9/L\NEH81Z.((7C)I2_3@W\ZR:_7^O!+\,K?V*K4/.NST M0FTV:5-YA,]-E^SK$]G6([>L0V]MR^#J'AWQ0XC[T6 ML9G]0;$9LFY?L>A\Q:+S^?3FJQ8]-JXW5$O_D(]C M!(C5]EC&AABU?6=C^\[&]IV-[3L;VWV0B\W/HIC,VDV?^65SJ: M4-`O:VP&A'_-$Q^A.[#]R8]-O8';!T-,QJA)_=X^&+)],&3[8$BY?3#D'_E@ M2)!S]J0'1#9CYMM'2=3_[X^2;'31_P,OEP2]PL*73)[FW]D^A;)]"N7QIU"" M3!WO$9,G:+5_\!=50N):]\+*IO3U/_!*2V`T=KS:LJ$1N7WSY=_RS9<@@K#F M#9@GA1"V;\ELWY+YE[TETY8'NO';,ILA^!_MN9I0CC4>J=E4=/T!7KT)KJ_Y M"LZ&5_0'?#RGY9K41H_I;'Q]FTVW?9MG^S;/]FV>[=L\V[=YMF_S;-_FV;[- M\R]^FR=TR5L'J#C5S1/?Z1K4$2;?41DHJ!N(=F&9V$9?-S^ZKM7R/J6`=R/= MC%-J_SW+A0-?U;HJX(TJ@#=3A\G@W)8I_XXRY4TS',3.B0+%!:O>]L2'\8G8 M>1Y0Y7!?O&?S_13MITVG?AL0:D>4/3`;7=0WI/7V,'1SW%5+8!>=<%W!77H_ M:B8XJ,LH$;C1"Z]-Z>^.KL9>/ALX`5>:^>?6&*NC9_G6<3O%_S]6@L MSJXN+JY^",X[ZGB!9\V[.^U3M+^X$R"ZAV^=$QK_G7THH^MI#'H>AJL/O* M-PC]ZD]Y8\"V"`A8Z)L^T'AP>>63>]:W[Z^CX[Q6-C9I-8\9[BJ?MB#/T:!M MZV&?YK05?K8]KM'GLO11F->[%&R`.,2Z3-_/<+:[ONUZW?JCZ;_6-^WADHA&[H3N[5/?6R+0O M'FLKK=6J9COI^MB`>]PH'ST-R_)Z2ILO0P#:5M)V:<-PUUT9^G@*'6PA_=%U MB&[7`L:U%M)&0+>/??=(4VF_0TDG1FS84#I\!F9#HFW%C'],3]PGM:MU=!Z( M!4SV-&*!>],];68GK-M%0E>[P']N8]KV/(`KGI_[]WF1+`--^"C8_?J':TQ.Y9>VW0R*-;[_?Z- M303XQDZ.0$0'YG9SA/5VM'VJ%WG-G&PO7W)E M;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"%`,4````"`!4:O5&\_1Y6P4#``#4 M"```$```````````````@`%B!```9&]C4')O<',O87!P+GAM;%!+`0(4`Q0` M```(`%1J]4:N'.]6/@$``&D#```1``````````````"``94'``!D;V-0&UL4$L!`A0#%`````@`5&KU M1DJ.E4!'`@``X`D```T``````````````(`!0P\``'AL+W-T>6QE&PO=V]R:V)O;VLN>&UL4$L!`A0#%`````@`5&KU1MO[IA-U`@``)0D``!@` M`````````````(`!KQ4``'AL+W=O&PO=V]R:W-H965T&UL M4$L!`A0#%`````@`5&KU1G_K'V=3`P``80X``!@``````````````(`!51X` M`'AL+W=O)```>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`5&KU M1@-)/7VA`0``L0,``!@``````````````(`!&2@``'AL+W=O&PO=V]R:W-H M965T&UL4$L!`A0#%`````@`5&KU1AY.3[N@`0``L0,``!D` M`````````````(`!GBT``'AL+W=O&PO M=V]R:W-H965T&UL4$L!`A0#%`````@`5&KU1L#'ZHRA`0``L0,``!D``````````````(`! M(S,``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%``` M``@`5&KU1C]4I(*@`0``L0,``!D``````````````(`!J3@``'AL+W=O![\!``!R!```&0`````````````` M@`&300``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`5&KU1C%KZ53[`0``+08``!D````` M`````````(`!X$4``'AL+W=O&PO=V]R M:W-H965T&UL M4$L!`A0#%`````@`5&KU1D],Q@C%`0``T@0``!D``````````````(`!=DP` M`'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@` M5&KU1JB;ML[>`0``504``!D``````````````(`!JU(``'AL+W=O&PO=V]R:W-H965T v3.2.0.727
Stock Option Plan (Details) - shares
Apr. 30, 2015
Jan. 31, 2015
Jan. 31, 2012
Stock Option Plan:      
Reserving shares for future issuances     5,500,000
Issued as incentive stock options     2,500,000
Options have been issued under this Plan 0 0  
XML 17 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
GOING CONCERN AND LIQUIDITY
3 Months Ended
Apr. 30, 2015
GOING CONCERN AND LIQUIDITY  
GOING CONCERN AND LIQUIDITY

3.  GOING CONCERN AND LIQUIDITY

 

As of April 30, 2015, the Company had cash of $2,163, insufficient revenue to meet its ongoing operating expenses, liabilities of $216,695, accumulated losses of $321,890 and a shareholders’ deficit of $208,390.

 

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.

 

The unaudited financial statements for the three months ended April 30, 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.

 

XML 18 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
SUBSEQUENT EVENTS TRANSACTIONS (Details Textual)
Jun. 22, 2015
USD ($)
May. 01, 2015
USD ($)
Apr. 17, 2015
USD ($)
SUBSEQUENT EVENTS TRANSACTIONS:      
Received two short-term unsecured loans from a non-related party $ 3,000 $ 25,000  
Rate of interest per annum 5.00% 5.00%  
APT Systems, Inc. received additional short term borrowing     $ 5,000
Number of days from short term loan     60
XML 19 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Significant items of net deferred tax amount is as follows (Details) - USD ($)
Apr. 30, 2015
Jan. 31, 2015
Deferred tax attributed:    
Net operating loss carryover $ 109,442 $ 101,057
Less: change in valuation allowance (109,442) (101,057)
Net deferred tax asset 0 0
Net operating loss carry-forwards $ 321,890 $ 0
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Apr. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Preparation of Financial Statements

 

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 three months ended April 30, 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.

 

Development Stage Company

 

The Company is a development stage company as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, “Development-Stage Entities”. Additional disclosures required as a development stage company are that our financial statements be identified as those of a development stage company, and that the statements of operations, changes in members’ deficit and cash flows disclosed activity since the date of our Inception (October 29, 2010).

 

In June 2014 the FASB issued ASU 2014-10 regarding development stage entities. The ASU removes the definition of development stage entity, as was previously defined under generally accepted accounting principles in the United States (U.S. GAAP), from the accounting standards codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP.

 

In addition, the ASU eliminates the requirements for development stage entities to (i) present inception-to-date information in the statement of income, cash flow and stockholders' equity, (ii) label the financial statements as those of a development stage entity, (iii) disclose a description of the development stage activities in which the entity is engaged, and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Consequently this additional disclosure has not been presented in these financial statements

 

Use of Estimates and Assumptions

 

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.

 

Foreign Currency Translation

 

The financial statements are presented in United States dollars. In accordance with ASC 830, “Foreign Currency Matters”, 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.

 

Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents.

 

Financial Instruments

 

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:

 

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.

 

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.

 

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.

 

The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, not payable and loan from director approximate their market values as of April 30, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.

 

Software

 

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.

 

Website

 

The Company accounts for website development costs in accordance with ACS 350-50 “Website Development Costs”. 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.

 

Deferred Financing Costs

 

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.

 

For the three month periods ended April 30, 2015 and 2014, 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.

 

During the year ended January 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 January 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.

 

Impairment of Long-Lived and Intangible Assets

 

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.

 

Income Taxes

 

The Company accounts for income taxes in accordance with FASB ASC 740 “Income Taxes”. 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 April 30, 2015 and 2014, the Company has no unrecognized tax benefits.

 

Revenue Recognition

 

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.

 

Advertising costs

 

Advertising costs are expensed as incurred. The Company recorded no advertising costs during the three months ending April 30, 2015and 2014.

 

Research and Development Costs

 

Costs incurred in research and developments are expenses as incurred.

 

Stock Based Compensation

 

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 Note 7 – Stockholders’ Deficit below.  During the three month periods ended April 30, 2015 and 2014, no stock options had been issued or outstanding.

 

Comprehensive Income (Loss)

 

Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments.  Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities.  From our Inception there were no differences between our comprehensive loss and net loss.

 

The comprehensive loss was identical to the net loss for the three months ended April 30, 2015 and 2014.

 

Basic and Diluted Net Income (Loss) per Share

 

The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" 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 month ended April 30, 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.

 

Reclassifications

 

Certain reclassifications have been made to prior period financial statements to conform to the 2015 presentation.

 

Business Segments

 

The Company believes that its activities during the three month periods ended April 30, 2015 and 2014 comprised a single segment.

 

Recently Issued Accounting Pronouncements

 

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 will have on our consolidated financial statements and disclosures.

 

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.

XML 21 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Balance Sheets - USD ($)
Apr. 30, 2015
Jan. 31, 2015
Current Assets    
Cash and cash equivalents $ 2,163 $ 776
Unbilled revenue 2,250 330
Total current assets 4,413 1,106
Fixed Assets    
Web site (net of $2,080 (unaudited) and $2,080 accumulated amortization respectively) 0 0
Software (net of $7,713 (unaudited) & $7,543 accumulated amortization respectively) 3,892 4,526
Net book value 3,892 4,526
Total Assets 8,305 5,632
Current Liabilities    
Accounts payable and accrued expenses 43,459 38,516
Convertible accrued officer compensation 90,000 75,000
Convertible notes payable 50,000 50,000
Notes payable 12,189 7,189
Accrued interest payable 12,816 10,253
Loan from director 8,231 8,402
Total current liabilities 216,695 189,360
Total Liabilities 216,695 189,360
STOCKHOLDERS' DEFICIT    
Preferred stock $0.001 par value, 10,000,000 shares authorized; None issued as of April 30, 2015 (unaudited) and January 31,2015 respectively 0 0
Common stock $0.001 par value, 90,000,000 shares authorized; 8,915,000 shares issued and outstanding as of April 30, 2015 (unaudited) and January 31, 2015 respectively. 8,915 8,915
Additional paid-in capital 104,585 104,585
Accumulated deficit (321,890) (297,228)
TOTAL STOCKHOLDERS' DEFICIT (208,390) (183,728)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 8,305 $ 5,632
XML 22 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 30, 2015
Apr. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (24,662) $ (91,787)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization expense 634 894
Changes in operating assets and liabilities:    
Increase in unbilled revenue (1,920) 0
Increase in accounts payable and accrued expenses 7,506 56,570
Increase in accrued officer compensation 15,000 15,000
Net cash provided by (used in) operating activities (3,442) (19,323)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash (used in) investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of loan from director (2,470) (5,750)
Loan from director 2,299 9,000
Issuance of short-term notes payable 5,000 0
Net cash provided by financing activities 4,829 3,250
Net change in cash and cash equivalents 1,387 (16,073)
Cash and cash equivalents at beginning of period 776 18,830
Cash and cash equivalents at end of period 2,163 2,757
Cash paid for :    
Interest 1,100 408
Income Taxes $ 0 $ 0
XML 23 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONVERTIBLE NOTE PAYABLE (Details) - USD ($)
Apr. 30, 2015
Jan. 31, 2015
Jan. 08, 2014
CONVERTIBLE NOTE PAYABLE CONSISTS OF THE FOLLOWING:      
Issued an unsecured convertible note     $ 50,000
Convertible note accrues interest at the rate per annum     19.00%
Other indebtedness in aggregate with gross proceeds     $ 1,200,000
Conversion price is equal to the per share price paid by the purchasers in percent     80.00%
Accrued interest on note $ 12,251 $ 10,126  
Interest Expense on convertible note $ 2,395 $ 2,316  
XML 24 R24.htm IDEA: XBRL DOCUMENT v3.2.0.727
COMMITMENTS AND CONTINGENCIES (Details)
Jul. 08, 2014
shares
COMMITMENTS AND CONTINGENCIES AS FOLLOWS:  
Issue shares of common stock as a deposit for an option to acquire 100% of the issued share capital of AZUR Universal Inc., 100,000
XML 25 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 26 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
NATURE OF OPERATIONS
3 Months Ended
Apr. 30, 2015
NATURE OF OPERATIONS  
NATURE OF OPERATIONS

1.  NATURE OF OPERATIONS

 

APT Systems, Inc. (“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 its 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.

 

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.

 

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.

 

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.

 

Going Concern Consideration

 

These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception and 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 from directors and, or, the sale of shares of common stock. There is no assurance that these events will be satisfactorily completed.

 

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

XML 27 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Balance Sheets Parentheticals - USD ($)
Apr. 30, 2015
Jan. 31, 2015
Parentheticals    
Software accumulated amortization $ 7,713 $ 7,543
Web site accumulated amortization $ 2,080 $ 2,080
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 10,000,000 10,000,000
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 90,000,000 90,000,000
Common Stock, shares issued 8,915,000 8,915,000
Common Stock, shares outstanding 8,915,000 8,915,000
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accounting Policies (Policies)
3 Months Ended
Apr. 30, 2015
SIGNIFICANT ACCOUNTING POLICIES  
Basis of Preparation of Financial Statements

Basis of Preparation of Financial Statements

 

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 three months ended April 30, 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.

 

Development Stage Company

 

Development Stage Company

 

The Company is a development stage company as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, “Development-Stage Entities”. Additional disclosures required as a development stage company are that our financial statements be identified as those of a development stage company, and that the statements of operations, changes in members’ deficit and cash flows disclosed activity since the date of our Inception (October 29, 2010).

 

In June 2014 the FASB issued ASU 2014-10 regarding development stage entities. The ASU removes the definition of development stage entity, as was previously defined under generally accepted accounting principles in the United States (U.S. GAAP), from the accounting standards codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP.

 

In addition, the ASU eliminates the requirements for development stage entities to (i) present inception-to-date information in the statement of income, cash flow and stockholders' equity, (ii) label the financial statements as those of a development stage entity, (iii) disclose a description of the development stage activities in which the entity is engaged, and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. Consequently this additional disclosure has not been presented in these financial statements

 

Use of Estimates and Assumptions

 

Use of Estimates and Assumptions

 

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.

 

Foreign Currency Translation

 

Foreign Currency Translation

 

The financial statements are presented in United States dollars. In accordance with ASC 830, “Foreign Currency Matters”, 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.

 

Foreign currency transaction gains and losses are recorded in the statements of operations as a component of other income (expense).

 

Cash and Cash Equivalents, Policy

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents.

 

Financial Instruments

 

Financial Instruments

 

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:

 

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.

 

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.

 

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.

 

The recorded amounts of financial instruments, including cash equivalents, accounts payable, accrued expenses, not payable and loan from director approximate their market values as of April 30, 2015 and January 31, 2015 due to the intended short term maturities of these financial instruments.

 

Software

 

Software

 

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.

 

Website

 

Website

 

The Company accounts for website development costs in accordance with ACS 350-50 “Website Development Costs”. 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.

 

Deferred Financing Costs

 

Deferred Financing Costs

 

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.

 

For the three month periods ended April 30, 2015 and 2014, 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.

 

During the year ended January 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 January 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.

 

Impairment of Long-Lived and Intangible Assets

 

Impairment of Long-Lived and Intangible Assets

 

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.

 

Income Taxes

Income Taxes

 

The Company accounts for income taxes in accordance with FASB ASC 740 “Income Taxes”. 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 April 30, 2015 and 2014, the Company has no unrecognized tax benefits.

 

Revenue Recognition, Policy

 

Revenue Recognition

 

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.

 

Advertising Costs

 

Advertising costs

 

Advertising costs are expensed as incurred. The Company recorded no advertising costs during the three months ending April 30, 2015and 2014.

 

Research and Development Costs

 

Research and Development Costs

 

Costs incurred in research and developments are expenses as incurred.

 

Stock Based Compensation

 

Stock Based Compensation

 

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 Note 7 – Stockholders’ Deficit below.  During the three month periods ended April 30, 2015 and 2014, no stock options had been issued or outstanding.

 

Comprehensive Income (Loss) Policy

 

Comprehensive Income (Loss)

 

Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments.  Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities.  From our Inception there were no differences between our comprehensive loss and net loss.

 

The comprehensive loss was identical to the net loss for the three months ended April 30, 2015 and 2014.

 

Basic and Diluted Net Income (Loss) per Share

 

Basic and Diluted Net Income (Loss) per Share

 

The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" 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 month ended April 30, 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.

 

Reclassifications

 

Reclassifications

 

Certain reclassifications have been made to prior period financial statements to conform to the 2015 presentation.

 

Business Segments

 

Business Segments

 

The Company believes that its activities during the three month periods ended April 30, 2015 and 2014 comprised a single segment.

 

Recently Issued Accounting Pronouncements

 

Recently Issued Accounting Pronouncements

 

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently assessing the impact the adoption of ASU 2014-09 will have on our consolidated financial statements and disclosures.

 

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.

 

XML 29 R1.htm IDEA: XBRL DOCUMENT v3.2.0.727
Document and Entity Information - shares
3 Months Ended
Apr. 30, 2015
Jul. 20, 2015
Document and Entity Information:    
Entity Registrant Name APT Systems Inc  
Entity Trading Symbol APTY  
Document Type 10-Q  
Document Period End Date Apr. 30, 2015  
Amendment Flag false  
Entity Central Index Key 0001543739  
Current Fiscal Year End Date --01-31  
Entity Common Stock, Shares Outstanding   8,915,000
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q1  
XML 30 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
Income Tax Expense Benefit As Follows (Tables)
3 Months Ended
Apr. 30, 2015
Income Tax Expense Benefit As Follows  
Provision for federal income tax consists of the following

The provision for refundable federal income tax consists of the following for the periods ending:

 

 

 

April 30,

2015

 

April 30,2014

Federal income tax benefit attributed to:

 

Net operating loss

 $

 (8,385)

 $

 (31,208)

Valuation

 

 8,385

 

 31,208

Net benefit

 $

 -

 $

 -

 

Significant items comprising net deferred tax amount is as follows

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: 

 

 

 

April 30,

2015

 

January 31, 2015

Deferred tax attributed:

 

 

Net operating loss carryover

 $

 109,442

 $

 101,057

Less: change in valuation allowance

 

 (109,442)

 

 (101,057)

Net deferred tax asset

$

-

 $

 -

 

XML 31 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Statements of Operations - USD ($)
3 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Revenue    
Consulting revenue $ 9,513 $ 0
E-book sales 0 17
Total Revenues 9,513 17
Cost of Goods Sold    
Contract Labor 7,002 0
Total Cost of Goods Sold 7,002 0
Gross Profit 2,511 17
Operating Costs    
Accounting 6,250 6,000
Amortization 634 894
Compensation to officer 15,000 15,000
General and administrative 1,626 4,436
Legal 0 62,750
Total Operating Costs 23,510 89,080
Net Operating Loss (20,999) (89,063)
Other Income (Expense)    
Interest expense (3,663) (2,724)
Total Other Income (Expense) (3,663) (2,724)
Net Income(Loss) $ (24,662) $ (91,787)
Earnings per share: basic and diluted $ 0.00 $ (0.01)
Weighted average number of common shares outstanding: basic and diluted 8,915,000 8,830,000
XML 32 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
NOTES PAYABLE
3 Months Ended
Apr. 30, 2015
NOTES PAYABLE  
NOTES PAYABLE

6.  NOTES PAYABLE

 

In November 21, 2014, the Company received $5,000 by way of unsecured short-term loan from a non-related party for a term of six months at 10% interest due upon repayment  Accrued interest of $240 and $118 is included in the financial statements as of April 30, 2015 and January 31, 2015, respectively. As disclosed in Note 10 Subsequent Events below, 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. Accordingly we continue to be in default under the terms of this note payable as of the date of this issuance of this report. We have had discussions with the holder of the note payable to extend the term of the note payable but as yet have not signed any agreement to extend or amend the terms of the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. The initiation of any collection action by this noteholder could affect our ability to execute on our business plan and operations.  

 

The Company entered into a new stock transfer 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 of the settlement of this $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 April 30, 2015 and January 31, 2015, accrued interest on this loan was $46 and $9, respectively. As on April 30, 2015, and as of the date of the date of the issuance of this report, we have not had the funds to made any payments under the term of this agreement and consequently were in default under the terms of this agreement as of April 30, 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.  

 

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. As disclosed in Note 10 Subsequent Events below, 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 and accordingly we went into default under the terms of this note payable on 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 July 31, 2015. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable.

XML 33 R11.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONVERTIBLE NOTE PAYABLE
3 Months Ended
Apr. 30, 2015
CONVERTIBLE NOTE PAYABLE  
CONVERTIBLE NOTE PAYABLE

5.  CONVERTIBLE NOTE PAYABLE

 

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 May 31, 2015.

 

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”).  

 

The conversion price is equal to 80% of the per share price paid by the purchasers of such equity securities in the Qualified Financing.  Accrued and unpaid interest will be paid by the Company at time of conversion.

 

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.

 

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.

 

Accrued interest payable as of April 30, 2015 and January 31, 2015 was $12,251 and $10,126, respectively.  Interest expense for the three months ended April 30, 2015 and 2014 were $2,395 and $2,316 respectively.

 

As disclosed in Note 10 Subsequent Events below, 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 accordingly we went into default under the terms of this convertible note payable on May 31, 2015. We had entered into discussions with the convertible noteholder prior to May 31, 2015 to extend the term of the convertible note payable and effective June 29, 2015 we received confirmation  that we had reached agreement with the convertible noteholder to further extend the term of the convertible note payable to July 31, 2015. 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.

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727
Notes Payable (Details) - USD ($)
Apr. 30, 2015
Apr. 17, 2015
Jan. 31, 2015
Nov. 21, 2014
Nov. 19, 2014
Notes payable details          
Company received by way of unsecured short term loans       $ 5,000  
Interest for short term loan       10.00%  
Accured interest on short term loan $ 240   $ 118    
As per stock transfer agreement ,amounts owed to the Company's previous stock transfer agent amount paid by Pacific stock transfer.         $ 7,430
Repaid by the company to Pacific transfer         2,189
Installment amount per months         250
Company recognised gain of settlement amount         5,242
Settlement of balance amount         7,430
Balance of accounts payable by a loan amount         $ 2,189
Interest per annum accrues on the unpaid balance         5.00%
Accrued interest on loan $ 46   $ 9    
Additional short-term borrowing from the holder of the Convertible Note   $ 5,000      
XML 35 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727
Deferred Financing Costs (Details) - USD ($)
3 Months Ended 12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Jan. 31, 2015
Deferred Financing Costs:      
Paid refundable deposits $ 13,000 $ 0  
Bridge loan 125,000    
Private equity placement $ 8,000,000    
One consulting firm has refunded to the Company out of 4,000 amount     $ 1,500
As repayment of the remaining amounts owed to the Company on these agreements is uncertain 100% of the outstanding balance of the deferred financing costs     $ 11,500
XML 36 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727
INCOME TAXES
3 Months Ended
Apr. 30, 2015
INCOME TAXES  
INCOME TAXES

 

9.  INCOME TAXES

 

The Company accounts for income taxes in accordance with ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized.

 

The provision for refundable federal income tax consists of the following for the periods ending:

 

 

 

April 30,

2015

 

April 30,2014

Federal income tax benefit attributed to:

 

Net operating loss

 $

 (8,385)

 $

 (31,208)

Valuation

 

 8,385

 

 31,208

Net benefit

 $

 -

 $

 -

 

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: 

 

 

 

April 30,

2015

 

January 31, 2015

Deferred tax attributed:

 

 

Net operating loss carryover

 $

 109,442

 $

 101,057

Less: change in valuation allowance

 

 (109,442)

 

 (101,057)

Net deferred tax asset

$

-

 $

 -

 

At April 30, 2015, the Company had an unused net operating loss carry-forward approximating $321,890 that is available to offset future taxable income; the loss carry-forward will start to expire in 2030.

 

XML 37 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727
COMMITMENTS AND CONTINGENCIES
3 Months Ended
Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

7.  COMMITMENTS AND CONTINGENCIES

 

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 timelines of the agreement.

 

The Company executed two short-term lending arrangements with non-related party, Mr. Raymond C. Dove, on April 30, 2015.  The effective dates of the loans are May 1, 2015 and June 22, 2015.  The loan amounts are $25,000 and $3,000, respectively, with interest accruing at 5% per annum.  Repayment is in one lump sum due and payable on or before December 4, 2015.

 

The Company is required to file its annual and quarterly financial reports with SEDAR in Canada. Due to delays in filing its financial statements, the Company believes it may be subject to certain potentially significant penalties to be levied by the Alberta Securities Commission. It is not possible to determine the amount of these potential liabilities at this time.

XML 38 R14.htm IDEA: XBRL DOCUMENT v3.2.0.727
SHAREHOLDERS' DEFICIT
3 Months Ended
Apr. 30, 2015
SHAREHOLDERS' DEFICIT  
SHAREHOLDERS' DEFICIT

8.  SHAREHOLDERS’ DEFICIT

 

PREFERRED SHARES

 

The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.001.

 

No shares of preferred stock were issued and outstanding during the three months ended April 30, 2015 and 2014.

 

COMMON SHARES

 

The Company is authorized to issue 90,000,000 shares of common stock, par value $0.001 per share.

 

No shares of common stock were issued during the three months ended April 30, 2015 or 2014.

 

As of April 30, 2015, there are a total of 8,915,000 of the Company’s common shares issued and outstanding

 

STOCK OPTIONS

 

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 April 30, 2015 and January 31, 2015, no options have been issued or are outstanding under this Plan.

 

XML 39 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727
SUBSEQUENT EVENTS
3 Months Ended
Apr. 30, 2015
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

10.  SUBSEQUENT EVENTS

 

The Company received two short-term unsecured loans from a non-related party. The effective dates of the loans are May 1, 2015 and June 22, 2015. The loan amounts are $25,000 and $3,000, respectively, with interest accruing at 5% per annum. Repayment is in one lump sum due and payable on or before December 4, 2015.

 

As disclosed in Note 6 Notes Payable above, on November 21, 2014, the Company received $5,000 by way of unsecured short-term note payable from a non-related party for a term of six months at 10% interest due upon repayment. 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 under this note payable remains outstanding in full as of the date of the issuance this report. Accordingly we continue to be in default under the terms of this note payable as of the date of the issuance of this report. We have had discussions with the holder of the note payable but as yet have not signed any agreement to extend or amend the terms of the note payable. There can be no assurance that we will be able to reach an agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable. The initiation of any collection action by this noteholder may affect our ability to execute on our business plan and operations.  

 

As disclosed in Note 5 Convertible Note Payable above, 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 the convertible note to January 29, 2015 and subsequently a further extension to May 31, 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 convertible note payable on May 31, 2015. We had entered into discussions with the convertible noteholder prior to the due date to extend the term of the convertible 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 convertible note payable to July 31, 2015. 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 noteholder or that we will be able to raise the funding necessary to repay the balance due under the convertible note payable.  

 

As disclosed in Note 6 Notes Payable above, on April 17, 2015, APT Systems, Inc. received $5,000 as a short-term loan from the holder of the Convertible Note Payable, Mr. Donald Meador. This was a 60 day demand note. There is no interest rate currently stated in the agreement.   The loan was scheduled to be repaid on July 16, 2015. However, we did not have the funds to make any repayment on the scheduled date and accordingly we went into default under the terms of this note payable on 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 July 31, 2015. There can be no assurance that we will be able to reach a further agreement to extend or amend the terms of the note payable with the noteholder or that we will be able to raise the funding necessary to repay the balance due under the note payable.

 

In accordance with ASC 855, Subsequent Events, 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.

XML 40 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
RELATED PARTY TRANSACTIONS (Details) - USD ($)
3 Months Ended 12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Jan. 31, 2015
RELATED PARTY TRANSACTIONS AS FOLLOWS      
Accrue a monthly salary per month for the President $ 5,000    
Accrued officer compensation 90,000   $ 75,000
Owed to the President 8,231   $ 8,402
The company paid to the related party consultant in respect of provision of these services. $ 7,002 $ 0  
XML 41 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727
CAPITAL STOCK TRANSACTIONS (Details) - Apr. 30, 2015 - $ / shares
Total
Preferred Share:  
Issued shares of preferred stock 10,000,000
Shares of preferred stock, par value $ 0.001
Common Share:  
Issued shares of common stock 90,000,000
Shares of common stock, par value $ 0.001
Common shares issued and outstanding 8,915,000
XML 42 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Statements of Changes in Stockholders' Deficit - USD ($)
Common Shares
Stock Amount
Additional Paid-in Capital
Deficit Accumulated
Total
Balance at Jan. 31, 2014 8,830,000 8,830 87,670 (156,574) (60,074)
Balance at Jan. 31, 2015 8,915,000 8,915 104,585 (297,228) (183,728)
Common stock issued in settlement of accounts payable at $0.20 per share 85,000 85 16,915 0 17,000
Net loss for the year ended January 31, 2015   $ 0 $ 0 $ (140,654) $ (140,654)
Balance at Apr. 30, 2015 8,915,000 8,915 104,585 (321,890) (208,390)
Net loss for the period ended April 30, 2015 (Unaudited)   $ 0 $ 0 $ (24,662) $ (24,662)
XML 43 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
RELATED PARTY TRANSACTIONS
3 Months Ended
Apr. 30, 2015
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

 

4.  RELATED PARTY TRANSACTIONS

 

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 April 30, 2015 and January 31, 2015, was $90,000 and $75,000 respectively. The accrued compensation will only be paid as and 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. Market price will be considered the publicly quoted share price, either when such a publicly quoted price becomes available, or the last cash price the Company received for the sale of its common shares.

 

As of April 30, 2015 and January 31, 2015, the Company owed the President $8,231 and $8,402 respectively by way of loans. The loans are unsecured, due on demand and interest free.

 

During the twelve months ended January 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 $7,002 and $0 to the related party contractor in respect of the provision of these services during the three months ended April 30, 2015 and 2014, respectively.

 

The Company entered into a Consulting Agreement with Joseph J. Gagnon, the Secretary of the Board of Directors, on February 3, 2012. This agreement was amended jointly by the Board of Directors and Mr. Gagnon. As of June 15, 2012, it was agreed and accepted by all that Mr. Gagnon should discontinue his full-time services for a specified period of time. As of April 30, 2014, Mr. Gagnon is not scheduled to resume his duties unless otherwise agreed to in writing No balance was owed to Mr. Gagnon by the Company as of April 30, 2015 or January 31, 2015.  

 

XML 44 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Federal income tax consists of the following for the periods ending (Details) - USD ($)
3 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Federal income tax benefit attributed to:    
Net operating loss $ (8,385) $ (31,208)
Valuation 8,385 31,208
Net benefit $ 0 $ 0
XML 45 FilingSummary.xml IDEA: XBRL DOCUMENT 3.2.0.727 html 35 163 1 false 4 0 false 4 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.aptsystems.com/20150430/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 000020 - Statement - Condensed Balance Sheets Sheet http://www.aptsystems.com/20150430/role/idr_CondensedBalanceSheets Condensed Balance Sheets Statements 2 false false R3.htm 000030 - Statement - Condensed Balance Sheets Parentheticals Sheet http://www.aptsystems.com/20150430/role/idr_CondensedBalanceSheetsParentheticals Condensed Balance Sheets Parentheticals Statements 3 false false R4.htm 000040 - Statement - Condensed Statements of Operations Sheet http://www.aptsystems.com/20150430/role/idr_CondensedStatementsOfOperations Condensed Statements of Operations Statements 4 false false R5.htm 000050 - Statement - Condensed Statements of Changes in Stockholders' Deficit Sheet http://www.aptsystems.com/20150430/role/idr_CondensedStatementsOfChangesInStockholdersDeficit Condensed Statements of Changes in Stockholders' Deficit Statements 5 false false R6.htm 000060 - Statement - Condensed Statements of Cash Flows Sheet http://www.aptsystems.com/20150430/role/idr_CondensedStatementsOfCashFlows Condensed Statements of Cash Flows Statements 6 false false R7.htm 000070 - Disclosure - NATURE OF OPERATIONS Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureNATUREOFOPERATIONS NATURE OF OPERATIONS Notes 7 false false R8.htm 000080 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureSUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 8 false false R9.htm 000090 - Disclosure - GOING CONCERN AND LIQUIDITY Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureGOINGCONCERNANDLIQUIDITY GOING CONCERN AND LIQUIDITY Notes 9 false false R10.htm 000100 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureRELATEDPARTYTRANSACTIONS RELATED PARTY TRANSACTIONS Notes 10 false false R11.htm 000110 - Disclosure - CONVERTIBLE NOTE PAYABLE Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureCONVERTIBLENOTEPAYABLE CONVERTIBLE NOTE PAYABLE Notes 11 false false R12.htm 000120 - Disclosure - NOTES PAYABLE Notes http://www.aptsystems.com/20150430/role/idr_DisclosureNOTESPAYABLE NOTES PAYABLE Notes 12 false false R13.htm 000130 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureCOMMITMENTSANDCONTINGENCIES COMMITMENTS AND CONTINGENCIES Notes 13 false false R14.htm 000140 - Disclosure - SHAREHOLDERS' DEFICIT Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureSHAREHOLDERSDEFICIT SHAREHOLDERS' DEFICIT Notes 14 false false R15.htm 000150 - Disclosure - INCOME TAXES Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureINCOMETAXES INCOME TAXES Notes 15 false false R16.htm 000160 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureSUBSEQUENTEVENTS SUBSEQUENT EVENTS Notes 16 false false R17.htm 000170 - Disclosure - Accounting Policies (Policies) Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureAccountingPoliciesPolicies Accounting Policies (Policies) Policies 17 false false R18.htm 000180 - Disclosure - Income Tax Expense Benefit As Follows (Tables) Sheet http://www.aptsystems.com/20150430/role/idr_DisclosureIncomeTaxExpenseBenefitAsFollowsTables Income Tax Expense Benefit As Follows (Tables) Tables 18 false false R19.htm 000190 - Statement - Deferred Financing Costs (Details) Sheet http://www.aptsystems.com/20150430/role/idr_DeferredFinancingCostsDetails Deferred Financing Costs (Details) Details 19 false false R20.htm 000200 - Statement - GOING CONCERN AND LIQUIDITY (Details ) Sheet http://www.aptsystems.com/20150430/role/idr_GOINGCONCERNANDLIQUIDITYDetails GOING CONCERN AND LIQUIDITY (Details ) Details http://www.aptsystems.com/20150430/role/idr_DisclosureGOINGCONCERNANDLIQUIDITY 20 false false R21.htm 000210 - Statement - RELATED PARTY TRANSACTIONS (Details) Sheet http://www.aptsystems.com/20150430/role/idr_RELATEDPARTYTRANSACTIONSDetails RELATED PARTY TRANSACTIONS (Details) Details http://www.aptsystems.com/20150430/role/idr_DisclosureRELATEDPARTYTRANSACTIONS 21 false false R22.htm 000220 - Statement - CONVERTIBLE NOTE PAYABLE (Details) Sheet http://www.aptsystems.com/20150430/role/idr_CONVERTIBLENOTEPAYABLEDetails CONVERTIBLE NOTE PAYABLE (Details) Details http://www.aptsystems.com/20150430/role/idr_DisclosureCONVERTIBLENOTEPAYABLE 22 false false R23.htm 000230 - Statement - Notes Payable (Details) Notes http://www.aptsystems.com/20150430/role/idr_NotesPayableDetails Notes Payable (Details) Details 23 false false R24.htm 000240 - Statement - COMMITMENTS AND CONTINGENCIES (Details) Sheet http://www.aptsystems.com/20150430/role/idr_COMMITMENTSANDCONTINGENCIESDetails COMMITMENTS AND CONTINGENCIES (Details) Details http://www.aptsystems.com/20150430/role/idr_DisclosureCOMMITMENTSANDCONTINGENCIES 24 false false R25.htm 000250 - Statement - Stock Option Plan (Details) Sheet http://www.aptsystems.com/20150430/role/idr_StockOptionPlanDetails Stock Option Plan (Details) Details 25 false false R26.htm 000260 - Statement - CAPITAL STOCK TRANSACTIONS (Details) Sheet http://www.aptsystems.com/20150430/role/idr_CAPITALSTOCKTRANSACTIONSDetails CAPITAL STOCK TRANSACTIONS (Details) Details 26 false false R27.htm 000270 - Statement - Federal income tax consists of the following for the periods ending (Details) Sheet http://www.aptsystems.com/20150430/role/idr_FederalIncomeTaxConsistsOfTheFollowingForThePeriodsEndingDetails Federal income tax consists of the following for the periods ending (Details) Details 27 false false R28.htm 000280 - Statement - Significant items of net deferred tax amount is as follows (Details) Sheet http://www.aptsystems.com/20150430/role/idr_SignificantItemsOfNetDeferredTaxAmountIsAsFollowsDetails Significant items of net deferred tax amount is as follows (Details) Details 28 false false R29.htm 000300 - Statement - SUBSEQUENT EVENTS TRANSACTIONS (Details Textual) Sheet http://www.aptsystems.com/20150430/role/idr_SUBSEQUENTEVENTSTRANSACTIONSDetailsTextual SUBSEQUENT EVENTS TRANSACTIONS (Details Textual) Details 29 false false All Reports Book All Reports In ''SUBSEQUENT EVENTS TRANSACTIONS (Details Textual)'', column(s) 7, 8 are contained in other reports, so were removed by flow through suppression. apts-20150430.xml apts-20150430_cal.xml apts-20150430_def.xml apts-20150430_lab.xml apts-20150430_pre.xml apts-20150430.xsd true true ZIP 46 0001078782-15-001129-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001078782-15-001129-xbrl.zip M4$L#!!0````(`$AJ]48J8N+F'%\``*B_`@`1`!P`87!TOTD71Z2K[2FNU87LO>S'R:@DA(0H>Q!*R\#__*Y9;[QCPG<"5_J3S^^D#FHG)]W36O/=WW_Y MK__\^6^U&KL6P;G'5:19C9Z1*OM%["K MV:DUFK5V,]Z"`%V9[,C"/SHT7\9+75%8IX53GP0/A_!%">2Q]'*D\WFH%SH4 M,UUW@AENZ#8Z[49"B"?][[D-CVVBI'EZ>GI(WR9LAFJI4$X/X=MXH1_-RA>Z MH3H,%W-Q""N$DDZ\X1D->7GCUR.N$WF#DCNMYO$J#9D5"9-:EK$(2YN'__SZ MV]"9BAFO%=6*(.4F9@"&\Q\_(Y$?-4&Z%6-&DON(S'Y^I^5L[B%8^FRJQ/CS M.U1++59&_4F[[]@AP;$V\_&`_(?R4B)B/?,2.HY![Y3V?'R4B@"W`G;6DXWP%:!HY-V MHUO$40%R"?7=H_8S6>4A.TX0^:&^X0L^\@18^B"<"@4?JTBXOTD.`52&4NP2 M*-N=[FF&B"TQOBBY9!_(R/]L>^8[L-EO-DXQ7[05- MF7(WP[+/>-%LG10<<+/`L+<(T&RTNNU-"<#"X;>`^U@EN'?#I=OW;45=)7HV.MV3;#59#GD?V$M#Y_;8+Z`Y M]X+Y#+QS&/*)N`0L:JZD%A=B+!T99OJNBTA)?U+<44%,M3;FSXSU[4[%#V:J M1/JUUNEQJW7R8DR1\4X#SQ5*7_X1R;#*U*`&K70[*_GG4'=$6B:9YDG[."N9 M-4@S418J_KWPG6_RUB'8*S5K&\.MJ%G1[2^9D%20UO%QL[W1@&$)RA>FN+0- MZNQ.,99FF:W?Q$C+<(]BQ3&6*0`WQK)_NDJ$5Y6N\MKAAJN!@O`%.RC5WH#P MIR#Y+06FW7@CU"GU1J.YK%99AN\%2"S([B5)I.]U+PJG@4)U;"<]LQLK`O/? M,L**6/9(4%Y6>R$H4\2]O)%M@&S?Q&UN7CL0MQ_#.GVFQQ4H]D5*N4GMD92^ MUE%5B6"_L9H*`WT?%)0+8C\4#*(0CUKQB/^E!)%!L3=:JHID&2U;$M!!`OX] M#"__P()#UR"1W@,QNHPFJ$5S-+TL(2G#2VCY081`,YITH664'!\=_S!2,GV7 MZ<1L^_7@S:GO*J&OUNP>=8\[+TEA&=:C1F,]4JK<4CT;+^_[0Q&&GL!FJ*J88;?)7\6B<:^I?LMTDSO%>%%" MUF6'PN'"R])2I4(KSM_W3V%I75B<;2\MT7(6#H%7!B[9>&^NI-=&/^DFE]Y6 M.U4W=BKHP*K'V#4D_#BZMXVZKX?PK>-PJW-TU'IU+.V5S,H.5C#FORY`;^)5 M/R1`;^0F/RA`5[?\)%063WWW3V%I6BB>>"[OH;F>-BL_!Y!`2.\,I0=[=T&U M"P7Q-9C#+052O=IXEU4PHOP42RLX>35N_5SL':,:X2B`DVM';8%?DN M]BL78AYHN?HB[NJPUFPGK5(YZ)TPVTJWL^*R_AJL9TJZ$X&7PU9:X1HF6^GX M)0,P94W)!]"L.5J^\;A#W6%U?"?Q]'TY\`3WP!?G@:\C+P2WNY)J]BO71A[" MO0L@OV!PX?X"G',P[@#4W@P[UNH=!N8)0UE%U*F/P>HY7YA.&I;?BAF7/L`R MZ_3@L0#'AY^UZ$V4(!GHOK[W':%"V-5L-`A&)@:=<0\?;Z*/+^R!V)7TX3/X M\CS0&QK?DF=8$BG\Y5QD8Y:*1.\K<#'U%D/8J!907=#OMM:`*"W=G6PS]80M MT!5(=`=CB$I"H42$K]>>L:^FZ+11(*D,_,X4K+*&XZ)05E*0&,1&VEA[O?8Y MN!TPK;QBNP)3:MX8CVF1O2Y_PU6XL&&"^V$_?KIH,+Y1P8/$)UC)MK48"O4` M0MLA&1TW8E+W2<]?P.0&>>]%."Q<\S?&K/MXR4[HL!IM/5[?"EEHV/K/0AT8R`85]HV-.;0$2=P.IO,IQ^45!D M`;N.$.Z:TJU(I;9]PS_F,GQ/0%JN]L@9]&RIER M#7OZ/JQPP+\J"OBDD1?PCD048V>LGX&/2JOT0$2KV\S%RSS(W1"6WN)MXD-O MZQ'&'U\^8=P6`[]@H54J\W;<;*P#OC[MDR M&[)\SQ_,,;O=!3T'*E0EXA+&G);0=GL#;C#N_1FI>U^B17*O[SMKS?LX9][Y M"T^6FY*>YK*(23"GI)H3V$,N5!!I$N[$IVF*!WPQT) MQ5INT5J%-D^?U1Z==M(0_$!*$_E@$V)CN(5Z%]@-.W!EGLG;$'[&4:![\;R4 MX[@M6)>*2TGH)EZR#&KVP!@INQ5.,/&E%NX7:*H&X_3$=GWSNX2*;JO32DZ$ M-\&1SGNA8E6E(36(C#,^B9US,V6*/ MVN%[GXS+P%L?3G-$Q>&TT2V&T_68EA<:%<-J9UF540RFVV,KB:&G&R%+GEA* M`NM9H%3PB$,;%XU\'/ M#VF??0V=5I4']THN(:_'L40>F9)GUUO'*X$_DT3^NO0+B*$$0?%B4.8"+K[& M8&^W;#=!D4F\&MMH?V+60@UW%840DW`3!AF])IZUEIR"=[L9O:Q'4K"/'O1O MV+Q!'4LB-`5P55I:W6^3EG+!5*`%W\8S%XKCT!R/@G8X4CYIQUCB MPT"PBV`F[O@3EDB^(SU)\\_S*?%SRB->]PN5D?V*8&5*/9&S9K):05J MGLDR9_GG7*G%.%"/7*T;-"YYNOVTT\D\N+H%MI>BLGQ^UN@>OP"5V[G(L@>P MUPIQC?GO@:S2JYCKI+8M69G;"M7>M]9804P>^#X)6?V6C&T(V:OK%:_.;&C# M>W6LS=&;*M`14&^Y=X]!TE'=0]BB`1HV?1K;JMXUOL(O/0I:1Q805C)S22O/ M*CA?F.2C5NN9-O=&,7PT&!=G"-L)\?E,HASJCDCS8M@::6\>#LVK=2$/QE); MU;3O-@W8%EM:PT:S$0X)+OB"5+?-\+U(E!'247P%=B7DDK$B$7VV^,87@W%B M4[E=ZT>?OKLAVG9MC*K9\?K)NJRE.Z0%H]UF_MQ1Z+CI>?QZE'\0Q3_,`9\#%JNR>>?_HB"\-/E=>U^:'[$)LL$5&]Q197D-I[V; M.V9=[H"!TSUG;%-(=?:>:/_O9N!HX.O,C8/.Q@SA3R"H)`7.E>T.YW MJ'+J["X5$YL"YQZ/?&<*7',VCT:>=`S02",,O"K9F\_IE8?T0B/@G)NQ.Q&" M`$9"^.AM.)8QI03*"4*_X,J9XJ^X4L[F>`W$PI3@FYXGG!#88/`%P(7TB^3' M`K!O7_^$4@N4"WA!D&../2>I106>1ZBBD/GB$81@W@I39U^Y#]*FJY"/TO,H M$$@?$'D+%D)"(@(2-'8;$N%&3FCDB[*!#\:X<@+-F3&+,81JAO<,-4C'F(F' MFHMA(7!M<(X$DHL:&-GV$92=,=`Z^R:0,!SKA4"7#A5!"M@O3J2R`1;`2[5J'KSUW[+XQ/:X+)MRG^#8-9 MQC@"]5TC/ZY`-:J"!\:6<0#VPB1*7@<,N/YN)(0W,%K8A$XP0XQD M?!Q]7;H)*-27_Z:TT/=M7-(@-[:`$`'1D>1MGP]D[28%UNY!UE]0HJ`T![R. MPHCU-V?JH_S9HY)A'&@<^YHHQK66VCP\H^4$PF1\!PZ49]0$WJ?":*YML.,4 M*A3']W@>P&_*U.D,@I.&B/9^S&<25#T36+W%_GT^E6+,+I^@1J$P;J]@?CC` M!7'L8/:B+>-)X0G0Z5WZFD+!8Q!Y&'9"Z<@Y;@BG/(3_`[NSZXQ#NA*,0>HI MDV/V"&X)%A=[I>)2"R+)AS).:Y0E!BMKKAQ[?9-_$B;Q<_0")IX<#V1`KWT' M3J5?FP80XE#6OT.0?EN.GDUP)#_R3)?R!X8`24$>$P+9RQ]@=6`NP'GJJDI` M*4"Q')QQ>'G1N\5@?PZQP^6T*9M82/HN!(3`)#`T[P#3GR#5C.G$Q.1=2PN% MGX0<3::&UR;C)$&E+\9=T_S`>I?6(%&40.-=L:]]UFW6FHTN&#S8UP/> M#6"C!0'J>2,T/#;$"MJ\.14/F&`_V&"=O2JM;EH4?@E0!.=8;R@?_\4[P:;H M7U%IOFY[U=D\H;&^H2OZ4%X]"%-?S4'['*T8W).S"..,(YHWX:-,NQ&2H#";F"R_SMEU;N/I0&'`T^TAIJHN3 M-+3.[K/UIC3O_'>99QYP`A`.UL:V=+;U5QP(M843K[:DN.GK-:F,!H(38C`0 M4@*/1E1>H4S=(!I!Q3K":K&D3SCZ!"(@=A5Q@)66(?P)=/$H/##QF;FE1>%6/$'6IO7X1W=`9E/BW*,A!]'G MVG=MZU0F"%!SCZQ2TR$I_N308;JIZTAQBL*M'Y";**+/)EIT04RTF0(>GY_0 M8TJ4F/:QKO`$U`-O+AF6AA9(6'Z`&H/,[PKJ>+C[.S0(YFL2RTQ.IB&*(C4R MF6MC4)J1'\>556[S0#WMX&.88(UG M'M;_KVQNU,K.C8;W7[_V;O^%@Z-A_\MU_ZI_WKN^8[WS\\']]5W_^@N[&?S6 M/^]?OOYITJ;\GU%R`V>^H0R83$ZN$J,>)D:]BNG7[:(X4R&/0I^)DL?^2ST7 MF,_,PLIJ!&PT`*!R*<)15#7)QG2JF&FQHDR<`'9"')`0WDPJQS"NY"R#7OHX M%>!)@B:8&`CPK[FIR#'9`6+`%2QCS4;M?VE9#^I5!X)#LX%4WXH)/HJ,,(:U M?V;MND?4`B7>XL"DEV)X@I!LB^,B*>,@"'W\>QIII3]:;,=O'-I+Y9VE$[I7 M*'X@IT'^#?S"A"VCHBS9V:CZ'D<^-KT!.S;1*JS.%76@>*62>_I#-N)FYE\S M_ETLQXH"@]K>$S3`R-*='/+91B.MV,*I$DG^Q4H%E(:O@V#MAFG#J<=$R#%% MF`LEM)6.&5M:K8REZ6D-=),]H,Z`W"&>\"DP-&:+,F[ZX:-"SW^4I?D*YUE0 M3Y9I)V,#!S9YKW$:/:4.>X0]&"2[=%!_%L`_V0.#J][P+'M64+KK/'"I;"%+S1Z( M#,^S>T]Q9)9^FU%3S:CI$@!CL9]NJK/T()3:/VBR(I6-I'R-1)0MH-'42WT& M'(X>V04.#+AP&ICF<07<`S.3MI5Y(?>EW<@!3K+]B>D*S51.IQT=Z0K?:D%# M0>PEQE[PJ&,^*2%`!,,VSK2@U%?:$Q_D)SG-8>^+ASX?7I?KKI^Y_B/R!5+> M(2[1[,P0":+]\)Z^J$&.QF=+E;W(7%2-L-9C&F#FI=M(J-&F`!L#BN MT%+M*#F/W:$XL#*[;?2Q\S4SO<.5!BKF(G-L[)IH^%X^9'#$HR&I=&CJD24P M_(#AB2$>ARSEP$1:B0V$!#TA.(V'7E/NFL:B9.A&^^LT?@61"CK$I.,*7I91 M:/"'163 MTO=@68VNBF:U7>-IXT72/"1#16QZP!ER$N6I1,UZ/AY#EV$##X9:Q&,>>R7W M3)?M"7.5PO+H025,.3GQV1\M$N82.%0F]-XUVC2G MM_-!?69N2,1]E4--#&0N?*S6)C@,!XEPZNS"G$=%\;M];(#!!$>1U<0'LQY5 M.<<72&@=GW*#46@ZM\[.11/1.W$3A;\J26K%5*YM9Q,?%.!H%\/(ZTIJF_HP M]&P"#XS-;7UGP>A)8V_)$=-;\=]R(Z6;+YEPG"^HW,#S(!G46?_Y1`G:#W:" M4X*TYT!*9*D$O_(PQ"2,/,J$;WM#:VQ70Y\0F`K"Q8F$N;.RS`L5W;LAM1#E MYCA>JE(.*.T_<(]X-H?],5+Q9)H(IFB]R:%8GW+JUZVWC\R3NTQ/\5P%?;_. M;NW!?,Z'"W1A9'J`^)?`!^=/,&;\G9R%X2/=&F^HV<,NX_;)N4Q,LA-+E1!Q M.WQ#S-GI0QPS@_(G/=KFJU.Y60**(:'`D(OL#;TS&+MQ*,-THQ MRHT7CE@>H\::OU\K-+X'Y#_ADH/N^^!7^(;"'2EF\6V9L"-)#=\QC)!5%8,? M14)R@%9L"F1A4#;R^RCXW1F3GJ@\),&5<@ETYYG"46.,CL`I!W0OSD42;,&Z M#"A0\`GAJOL8`HC"T`\+),V[E=[[P`DB$)%A%BGX>X#K))#;U+>8EQ2BY=T# M&\=R0$X45&LO\T/E!:0)?*FB_(J+CN^2C"6;QMP`L?0F\9B+C29[(,O! M^U[,<]!M"'I"B([/%E.Q8-NLF0;BX&2*M`(Q&207EG$E6`S4"8P0RZO.#TU) M0S)[(`]#9R>_XSS&Y+515\[AM2+^.Z86UVELI*&6:$HFS,P1^EK:/I7#_5%A MJ1;[Y955\UJ$;O*S*"%PDUYT&N=FW)+E1%13`0NBB*2#8"A'Q=N>U#B5AZ5) M)^$(.UA*CCEY`8I`6KJ-6+VL&E2=;:_7A2XKS^I^S\T48:OAKR;AB(WN!:*D M#2VHQ+7JM(%)VL=0\>D5J*L(5SI+2[QQ9DR=NU1.QUDX%*68P\A#;OF,-Q]N#$%",+GA77F@PJ&U M-6%?1\<7P?9NI[W;J3/3R0$%;D@'U7:OL]-M\4\V?ILBR<>88I,%PQ2KSP=) M.%%$7`LU9GD"10=4S\1L/QRZ#J*1Q-^$%$P]%U:[+D1N"T165P.SBZLAP*4` ME0Q%6$6\TH<&YW>5YDXX,DXJ5)W"$_1XS81X7=1"!Z)0HD3>5.V?;YC@..-: MX@AS%+=0C>YN!4#_LI#8-Z?QI2*/D>.Y7[AL4&?''#M1+!2]0/Z,H3Y#!%@T MOR(#Q[RHT0CEM)`,CRSW376E;R*<)-RS?]FWS*(L8"":@HA@/5K^L@'QQ,O1 M5Y7<\2,Z>RL:X=CHI4&239*A`*Q$8V..)T6TR.QZSZZ]E"*U[3!KEOQSOR6X M&JTH+K)Y08MP=QC5XB<1HD,;ZW"BP"^=6S!!@SO"P,F_Z6ZW.IT.O?T&AA*H MH[PX-S3Q\LIY[P:S"B;`;4E$NZ$P>&VVYWBF2#LUZ=$BE6TJ>^+RQ>LI&R+**8(*D"Q6040*&5DKB%-(N_=EIF"""Y!%;5KH#P#&9Y M^.VA.A&DK0!G0@;%1!&0CD_XW M)BM5+O5-M[7;Z>AC?K-#UZJ->G<,D(01&)0%VJH\&65.WA`S>AS?ZE6)OO.Z M.W:B(T/3;F;VXF=W-DBI)H`3-I/IKC9VZIO97:8ZC,1.1V%FQ@DN$5ZH*;?@ M3.A0,'$HZ'8Z?])SI4XA3^WO,]$[PA-LCA6)#RV:!K./0=Y`#A$HBD-`BUIU M>VL&C,N*%&=PQ`!AHI!\2I-Q^Q/6B"%*"[%"&/J<6P\L*IT$-&3-OR= M3%%$%8AU91;7Z"<^U1R&R;([BY5<1$'<,2B4A(03JCU$FQGE+5C#!TDG-2N2 M7YT--5,&Y^*.P65XJQJ*#G-53_&.%[BU.FV3XHK1];._4ZMOSAS-C(I)Q6N] M<5J6^'K3:W?_."%AR.2SA+?$'"DH46SE@@@UT>S-]YB7.JH6%95H]CE,G'62OC)Y93RADI3.F;LJP6:5\`CD#PI M4B!```^G5\%>9[?=[;0O#@_;72U#,SS?&SB!:*5+WCBHY=>1,$#AE,=!&L4Q MK)K$!#04U4G3;AKTBVG:,QM29.>]9P")=[!)J3;PP-`'I*(35;SGS`88O@RQ MPH[G1T?O'YJM)-*92A_DDIP@AATL2F;+K.57T73*"Z/X-EW2R"8!9Z@V.G(; MU_Q2V0=)4RBD4D*NHP"`M4>W/*26X<3II;,.1"W38BF?<)[B8W=<2:&ILMK1 MD"I*YD:A:R8RSFQCOEE[!HW(7XH5,6;&<-AG-4L8O_?)N*;BS82#KU*LD&"^ MWAO2.*"8]8]D[BX=]Y$'+GGSO2#YVIB:3./T3C%?0A.< M^8(]("%7!V=C'`F2W0.2Y2G546RZKEM$,D*Q8*F,)+%)FLMX(=9>T*43Z67* M-.B!];@LG5/VFIG(7?;#QA^XA;_P+:I)BK%2`FN-L$X2GP0(767*B/ONR[-"R]-T>0OGW#^(&-B&XWMA0.PJ$J) MWIE>9V$3N;RZ+)15;),'HL3DVF`1N6@8A9DV_J!&*MH!IZ"\Y?R3=U293P>W MMN']-A4DRTWI1:^X"3J,_2(#Y*%@VRO@8YV-"I\?>$>)4S/YAS/$/]8+-9?@ M;#7[H7+<)KI9U!B]P8<4KFFT2(IUKP8LCT9QB7"-+4]\LH75N*DE6#/IEZ^$ M4]5>CQH09O$NJ:9?;8`3R#6]O8XN\VZX[*D.@/7/B/DH5X+7L;^2=NQ9Z["X M90K#]\TM#.46E#LP+^OMZ?G%.RNI#!P9B/9A[,-;`=\J/(]T6O9,GOQA)$6- M9_?OU=[602\XL1#RX&T"`@T(0FGV3EO@;A26[D,>(-F'";6<<,-FI$JBX_1\ M:Q(P<:2:;&0-B;C^,44.*C$K4WUA/B/$8UN_>OYL==99'9/K22,MR=@DK,]( M,+N3)SA.N25UGTU["+Q+L?)*=)`=(1JUY4G,,N4X9TQOY_A4.M\/;<$2=:NR0<09,#/!3#K. MR;\-XM<4\+G,-43:R2_7AV4;X+FV?I'CSZO"Y`,";8;1D$U29@486*67-1./ M13S!8Z3M\-Z6W1CJDUI6:LJ$_*+ M]-Q84_,@QC`?;5EMJAE#Q+^LNAWG9G7T%=73U#LTOZ& MB@NZ6.^%&O-6FWG=KDP`6FZDKK6,3_%EMF9.O75R.8V7I4ZJ6A%B\:\QR>ET M;LV\?6S<1"5XSJ2HEW6SG&=IDJ*SL,%IP,">?PGO'#Y3+6#V.=WB(F:=0[<> MA?:V$1\YEK8'HL(>BU\$Q*?+=`I"V5YG[YT-1?`3>+_IT9U$WJW`^3X()USX M&A8W+B,64.>XLMA]3E&+`4EN:4DQ\T-8$4HV4S5`*N<7T+(2SI@-96%NPNPB MI&NX!8GCD9)5N!9JPI:$$F]O,\._FCPWXX:SA=TB3#N3:8&,7JMV7JBIKA3# M%5/E]$PSB?J-4BA5.J`4%_P;U>^1%D/AQ30FBUDZY?!E),G.(]C$1FJ6W]@5 MTDF379$<\T9^5\E52`U"_$*&NJ(=B6)4(+HE7FX`I6BBNX;8>CEW,P5ZG*`I M@J2!#TGZ+&!]7RA@=1+^FS+\)+3!EH,ENR6;2G3OII"C*C$XW&@>VN)ASE9B M#4%)=HA>!!J"L7!BN90[UBG8+&IK8+A!X"2[LK@<:H>EK>X#XUR'&6?[^N95 M';IA7/%]BJ6TU9(&D3'?YFE\S;.;?;@A=)5+E$I^L'*$//)#F`A*QA\-J)JR M]Q60$@X)'6'JR0G0/I*P,8(4B\BVM*,6O9-#LX/C)REH0(>89]Q-!TZ/TY-(V9*.`#P6]=>9 MUU0"HS(E8YA#))=M)W$V8M6E=F(*"&AY%(V13+>TP84I+L`/1#8S$#=/^"66 M0=#M$$3'I5)9`A`=>W)Z9W[,*KWHQ.5P>'M>IK0G$I`,WBYE$#VV9A MN3X*7NN%3U2@!X[LQ$#RVC93 M,!+8OB\V:=[UV]"8P*SW#G1<&.>><,4=M_(A9 M1::<''*W6Z3@(44FVT`_(M5<[K9/]4WJR35.O22!;M+5(2^YI^_`\NZJU];K M:]/#:]/#JZZ'UT-:>3V@@1=*62H3SO(:.WE]K",OU38Y,QV\..>L&?V[%DF) MGCCYE1NSGH=9<7?I!*<\LW3YQ'TOEQ50=UP!]>OIIZ/+TY/@_.CKY;^"RZ]' MGR^.CIO13_Z>;9X:%>DST!NV\!"KW/:EU+X:1K$FQ&L3([T2F\7RVUSW*>6FOD0Y=#3I\O6;.$OXS6'' M%A?8YP7Y!0:(*\F,WDQ$QW3RCD[7IC9<0LH=.CI4@TA,C5[9(2NUQQK-2-T% M`I%3ZP2T:<5Q2^OT)H.-%\2KF M:,?]15=#C`;*?Y*9X4ZD-A^[I<7"*G9#NA_V3,\\SX-K@X`)\FCI M$-8XS`OFG_RD>]PFW%7#L6:846&/AHYPS9S7*^BD#!YYN#5F^[ MR\AVT-KI]#Q<0QBY">\X;3O49;18+@DI9UHJ2+0H3H#*'4RXN-:0N^-ALMP( M1/I&B1!NE+`GM,TK->&A>$T'=EN&HO6$W=@EUY(P^2E[LC^@);NKR!#!?;,/ M!+LGE6'T/&8Q*(BX?=4YV8(J%J6F1(\DNIH2?>8$%B3:+`JX\9A'D\#0/5R5 M%.*L0@Y._62DKLF1KN7!9/I_TEQ-X1^LDC].=-^A"S7(N$^`G/,LU<>"*<%' MU<\8MND8>WC#&/5DYT"..N$3_S>(``43B3F,!"_AETPO!>0$+FB"3;;$"]6C MAAHT*L[!E,-T0$'`CF,6T>TXNDDA54<041Q7.2KCN$T,U8`,TOU0NXH9'3#F M!0\APKSN&D(*$.-,);;C?'"EAF6LJ[FA/8&F'):D4I8)54"FY85VAQ9JL6W*HC\["CFI(I/D!^9P7D`7J%;]X&L?$2Q(\3U2^> M6O.`0K*P;^.\(^5M8#:13R,5M0- M\<7Z/@XTC/K:J20.68;LA7EBVU?B'PD+SHH-<1S*#_#T-A0UF$JK177M&R], M>#[VVD&P[!YN;U-4@I"#=]J&$X['&$Y0:-F8%0L6ZMUZ6.R%]Q?)DFYN90?) MN\_$,]P]_!-I)^ARFK"4X8]"TC]G'3L!+K^781R-[K@,E%B.G!@6*6A#_9,H MWH09&ZV(HNQMT3NIY*U+VJ8<<;//M^+S0WT3%&Q)`P0`YAC!+]Q-ZMB)?V_F MMO252S-%9FEHZ#.-Q$(@>1G)!'9@)"BA0QI>$F[Q-#"-JQ7TRP)SV(P+56LT M94)2@[ENNWDV`TR:\W)$863:1N.3$-G`DCG`.BO!*"1 M6Y'2"Z%Z@LMXHOMT=F,2XQ7B%T+>@:T29B.0^3&Z9^%O.I:;_?!N/4CG+H2: MU)Q,I2-VII,FJ\!DZD(Y4[O0@I("1UC)CEX46;!D5=UN34_`="!QUSHJPY3*V+O(&*XYL\0;CXP#&!!("I0_(I'3][EK=4H_+7CT(AM+M0]>O0"UPG#C5*>P>1XJ#4<*B M"%$JY4?JF*FIN\ZNKRFUK&-G3M4LQ99^]B21%>97RS$M)-H6\%Q]L^[6@%^: M/!,2S:5I4,NS"Z7<\;S`L,V8^\D6ZD7O0!,20SVV*0:7; M:75[>_/KHY[IN:H%FY97;SD1\DVOM7W(7^+'[EZ-TOM2Y^HG>M/;-K^[VPDN MC$03G%Z;V&MZ)*#\[5:]A.1V%0BKEX=7874V"9`,[R9BP?8DI.!O.HSH1E%& M#A);\C*S1U*,V"CHC,2&17-1/8GHFZRM)0B:U$NQ82S1`0:D+%#4.'= M%ND@$.8F?&GNAF?6_T]%(2B>B0#/O,QSFXI<=X9"3PU3<(>E^#^4*H=F;7.% M5?U$M;"Z\WREIC,;4DTFV*+8Q)[5_:3*:8N(6^=6/!+M`/ZTK##U@W M"MME[!XINU"E\7W+NV^7:?9_!519*"& M8X#'W> M^E3[2S9&7#Y%+CZY_-+K)H_R^;,3N[QF-E/+)C5I'R83,@OTI'P^B#=XQ'=USI0\8EI[-L_">F9V+`8T;=EAE<740)>D M'=+P!3ADB=R'6VJZ5H(K%;F]3#J(B0##\$T"?Z<;\!K97^8XA!)U(TY^DQEF MKYMS7&QX",MD.WRKYR>7$UL$MYFTBI4^G>CM9:5&+>#3W`YM!16N:SZY+` MB#?[+6#S3G%]N,'ZU5`D!`=S8H#UP6$0Y3[-A3_J7ZT:?J*$4NK#.#;]CM_T M=MV8%YLXY>0<;&M:7J%=DEMGZ\0B/^[M]*CHC3Z[7!4%9PH:8B1[=^KG5[NI MD?,+(U=9UR8&+@'F!X=;P9EC(=_UC.)B0A?>(4:Q2J%^%@USZS'VZ>_%'=S3>#AO M8-]7^NHXPQ>-4-U]C5!'YY?!Q5T.(G7>PGI(6S,J@Q_4X2@+?>QT>F-BI&=E MHF-'-R3)^EQW@$1G]@F.-PQ^4>$PS22"@#S\P5X'3<4Z2`@9]7<2V1=+YQR` ML-9#)9LW,-&LC$]?98.986#PK M#$A!DX@#WX^2X;&;EO[2QIE]/S3CEU_.+G\Y_7QY0=F$QU\^7YY]_OGT\_'9 MZ<6Z&6LP/`/ALC8VPY?3*TH8]^CK2ALQ&\SKAJ?JR-W0:R6%PN!4I^*'`\K+ M];HT24R(+@+%=2=1'OE_W[X&WY((W4GP#3(&K$_9_[?4)S/=$@CN15P9ZI8+ M1[GVL]>T(C/O$KD!=CJF^NW:<,!4V"25<#E5WK+-Z=*A+*P\,Y=PC!#L(,$B M!:9DEZ0,&1'(^-`/`+#0"*+-4-JON>:!J50N5-A7XPA,X9"YN]?@<QW&8A,,0((#UF"&` MR1U7A`5,1=,@)G768%LU*45*5T4F!ZN&%KG5\7*G4_U4@:#)U6V)ML3J.K*) M#4=Q']]W0]>(_9&`I)&>^I.38SQ6?GLN0F(3P,8$P5(=+Z%0\NHXI+2.-3^, M[7HOI24`;KLDM6XOM/"#N'/DB=R7ZC\0SB\ABFI]:J:52350Z MI2+GL`68WG2V.IUNH\+P/Z>+]J@R%3B%^^=4;FUJ%>9E`1_E]2^?7SO4']9! MO=]>VP([0[J-@UROBWT(S'N:B`OP#P)P$)#6#[Y7K?TB5;!"@`W1JPY:AUV6 M0N]/QI3JPK548ZV.9UGTO[C\]ZBKDYVP%DAVC5BS2\V5'5J"NFU%F]/X'7&72W,6LZRV M4(RQ#OA6\`_%I38;=2WG3DM3I*%.Q MA*"M)_.;;CNN$+S%9ZDYL;0:XBDOW(;A,KS]8U2<./2">S^#4'0:7![];YU$ MM&8*SO?J="Q]6;>P25--W>"YL&#":[T4>%I6-C=T9COB2GM4ZI&T@"!S=]T&V4*2T_ MQ^<'(:P>Z8AIC1[K,[;A%3H@`YWP%]$DBK'T*U&?V6:_F%Z01?VR<+LIW[?C M.MLKI0A&QM8R1*,H7@_VRJVV.GXB0G8_/#]YNNQR*#07#D:S<$#9$GEA*Y6: MSJE^2PW=9_+]FAW>,+H.X%K'B0PR($>('84>8N@:J#C.IR&FF,C#'6D]@[], MT4<]\TN?4H/\+^VPF?V(]OIA<25/[NSOR`#N@?!@[2*=OO_O40?_I[_*L#V, M^9)&>K^]N[NU.RWT(_VT*-*)>4:6J[^&`S9?X?CNW[$:%?2%C$1_5\?A%=!3 MX>"W<0:T:M@>I'&:O:>(*JR`EU0N\(=B..\`NKU'[_^PJ7L_>/S=[VTW=?/= MQV^^VVDNW!]V'G_W^\W8/G_,YE##:Y;<"^:Z[B M55/L-;R%N3CQ?=A'/X:#"KI3+/T61\-UN9%YHINW>53?V_3D>W[FT?968RU9 M+,V^S.K06/.TJ/W*>7*3L/M["0@;_*[#;_0$W7^#&TGF9;"LQBS55XD:1=8L M1&[1>3:'C:"SC'KRDE+'NAS+4K#+="BBTO+O]XCAK85@_LJY]]JQTC4\F`V' M>AD.]7G&$_'4\N"KYD8U0B`-L5@&I$>>3H)_TPP%?7-GSIV]/6AM'^R^>W)D M>^6L="WN[LGQ[;7S^;6XM;?;6%3T8`F4V\@B+R.+_$.W^=R(($U#KF9((`TP M(3[_U9$@LI%#&GAS31%#-FA7(1=UF8[6Y/[R_]D8>:>"M-<8NLL&[U?'.D4?X(T:>F[^&T?7W8<;A.%_8'_% M\Z%0MVU,]:UN+S&>.TWM^:A M7+?5V=W?:./K*IA\4GG^/AA<82<8K#YYK9,;`'#B]`8K>V[DDZ9A76/$DP:8 M,%\@`TSDE*?/NMP(*@U$OC^P^^!%<(\$EDWZY=I*+)]GHA*Q?O5&2&D&JC7' M=+*)OO8N[NES'3;2R,9LLD&W3;+#@^*XBKKN7*97";8B#Y.@3*BWQ[WM*\+I M-$MOHPD_\&:[UVT=''9LFZ+K,(IU/XQT-,(V&=*P">0.^H$K)GZ0[K8S$U`G MX;P(,VDW/L6NS5$"*]_NK-[]HMM;OH_/HHX\?M]1:6K_982'F2;8N_3+R+Q^ M>CM52:Y^XE332]S\3`O,J;F%316N3__)<^2^OG"P(64E-W>V:;3Q*NZN,3$6 MFUO;--IHD"RR:;316.1JA@32`!/B\U_=IM%&4V^N*6+(!NUJ+F_3:&.]A9%- MHXT&(U=#+"*;&/A-HXU7=&N-L8ML\.[UY9[8%(A'9#;,R9#0)2SA[2-,/LV/ MDN&G*.Q'<51$*G^^[(AYK3(V#48V#4::(ZS7\(,_C'A\S]Y??6&X^^[^M2<) MW[/_U^X)VA@V7MRPL!6WL"G>M1X!V'^0!(O7SI>;A.%_8#_-IL'(1J#9 M-!A9_SMIH'BSN8R-3+#)V]AH\-(`$^8+9+YM&HPT^?J:(J=L<*\>]S8-1M9;8MDT M&&DRJC7'=+*).M\T&&GJ9370;+)!MS]&DL>#DC/\!(^RGZO?2[BATVM,$GGJ M%(XH">C_U5/HZP\E?NAVM@*[\8MO/UV<_OKM]/-E`Q\6+))^)TWO=U6I].AY]]LX\<6+#>?\DSQ70MH4'$51!@JI/(B M"`>#K$176E@$NW_"EB#P:E).MH*O:AK>312GJCO)@R"UAX/3A1WP[(O$W+52P%^`_ M>7#.^Z!9Z-<@[*?7JH4;^PP?:#L]OHP=OQ>/`88W?/+]N^`&+@YNTX*#`R,) M3JN/;1Z`4(N6,*`7*,'H-I@`:E[E>$W=SI_L_>%%E%-89::OBP'#FP9OBBZ: MCD#>O`GS(!=J@K58X?9HD&B(FT;8D_T"J/TMO5'7*@/@`6"%!V#TX"K$)"EL M+`/$/\=70N.A(_8>>Q/"/1Z9`?TU2(2K(-2#^H(,.*$DGYH MFN`.G-'I?K"S&3`PI()J&!6TIFL@@P`6;P'V"32(W,*5`)Y&"/SVBB]P6!*K M`,L+O-3NX?9V"[&&X%$-W^$>\=%P#'`[)MK&29[P\)O=#K&&2[SPF:4Q9#US!H07<27;:\ZG9C9<.4F[_G\R`:=`;N;5 M:3TUKPXI%&2:14CG4N8;I?`.2S_UVN9>A2LQ6/F4!<]#W8GP1EFA!T881=F$ MB9TFL+@'HN,("8:,UU%E6)IWK0]8(D)-&;NGMS*S,6MX&,^9N[3GY3_SEM$, M3K",!,Y)1]U]#8!'YY?!Q5V.J?:MX"P9;,T(X4B87:F;]"22MF=EH7FQM%9T:1%./O0^R1R9(9RKM6Q M7,ZS.GJVR9_"/,J_C%"7+E%_'I^G<32XX_\^5R=>8W:\QVY+B\6K.$>@SXS& M]]'OB8-(0I"$J%XF88=YLP\IZ]`,YG2 M"3';JV+=6"78+0B%_,%`37'PT-P_,@"89AJKG*QBQ%6CB3-]E,#W0KJ1X!MR M%B5YD96D;A.(?H3'@FZG_2L]=@0L?P#0W.W@JK^J,17^@3$NVO_K\F+'K$/( M`0B5$D.%9<7E4&%\GS'/5)8R2M,B(?$F`]"/":(_$BPS$J*:&^A@7%9G2B@6AJZ3L5G?24=RK,9*I*(NR>NV:`)%@7 M)TBIL&VCI6IT@.L-:6^IFQ MRO9_?W*_UGU?<_GFLA=KQ@-I=NCL+Z?]">\A467&+E>@T4LT M*X?K6H#"0TJ&808*ST\I_!.\M0:RCT<7/UF#V+OZMX[3(95V(U1T7@8!T7WW M$!4*^ZMS36V^)H!3LA_:E[:"HR$@=(3ZI1:=$&HMJPCO.9%,M`/$Y5JB@&X' M['D&.^#ABBL0STBBG#]N2UPG8H7TF;NU,[SB-6 MQ,]$XT5;*>T2P4[;K(\NOM$/;1!"T&I,?N.K-5H10!1[#I*RQQ-NQY&+2V7B.GB6T+\B&1JE:LW5`$ACKM\MBR>L_6^`,[+UH2<]Q?@HA`0WT8P'RBT*IXO,-Y' MK310PU@PF*8K]&@^R*)IX7@<9M\6ZA,Q,-]<10.6?'A4Y$4J&<.#0Z:&;Z-K M9XY(2]=97K#`-6<,T)_C%&ADMF`'3&FC1`Q=.!RLJ2#C$VE.,MO,^UMHN+3^ M$;*UA74B M/6F`1U%6NP,2QJ[#F/9<4JER/:FZE33FC)YGR0:UAI#,1$*Z9GT7&#-*%,DG M2)5U(9F]!F)NQ@=*9F9TB!=A?O`SA^9E5.J%Z#O2,%HM$BZ]Y($^U<)!3IK9 M-7II`N@ILHV2_3\NV&\PIK,BL.##POUG"F'4^IOGZ?-L;1CHS@'T(RE/+-T' M;^4^OZ?V;:GQRB37(]S'H)#`X_C/J87V5TND<9]T_?3!V7%S*;0V#I)O`C5) M,KD!GB"+:H`_D8I(D,IUDT)I,_L'(,V[MC"!\*5@TQ=#PBC#5J$@IQA3YQFYN";VU=<#S=:![T.6BT!\\)^'($0@.SC*@)VD@VN[L15.RU)N&#NPULGUFW/ M0[9V&TVB_XCMJF3E-^WG*KOFJ`<>"$D;G-3LHV4R^S`9%%$79'E"A)9)FA85=UQ+D/^&2@^[[X%?X!M-:`#C12%PF['/&B&F"$?)/ M#,)82[4.T(IU+N3H+89_$+R/@M^=,>F)RD.HCE[#R+F]\TSAJ'#C"G^0"!KG M(@FV8%T&%-"CS;CJ/H8`@I%U#I`T[U9Z[X,+IV41BWFS2.'$">[_(!O:Q&4%F0>U[9_777$CE6T3(UB:E=5=7C<6<<675X[*YMCZW/@2(PVU1+O%&Z@* ML2UM(,UUL&7+Y`!JU;Q%Z.8&R]HXZ6$$R\#TF'`*U/26S&)B3A"P((J82Z): M-3`GJ8D_&;)1D0.E"@Y2H1AMCI05:3TRJ;"YJM_V\VB@RTC;E="4*1P9YWW! MYUCA!Q#QCR:(B_^A[U^M[GF1CHH;H,W-%-!=51.]9;GL1IQS!1(<&V/ENN+0 MV,\F8")RNDX"X=BINDK(J,,*J@%H)`! MLX[*&`@J>OHS6+VQ>VUK$^-NYT.PRU[#9T&+%8"\8I*91D48RY/8GA)P'W3U M8Q#27IT*^T_5SZ/B%>"$826(`C>\*P\-!GA]=;&]1\<7P?9NI[W;J3.*RP$% M;E@;04*=57R+?T*>Q_'TE&PPCD"9R()ABDG<01).%+'%0HU9$D2A#Q5K\?@- MAZZ3?"1!EB$EVL[%PZZ+;=N";=75P.SBI0QP*<#?G$!]&D MPH\I1$N/]TQ&J'NQL<+BN.;(\15,J5ZO)=6T5OFH,V<=L&P<)C.@$CI**1!$ M'0I!8V?U9)(F'*_3"H!%92')C_1%D(I"0#%$_<*5PSB'W:$2F4Y]CSFVC,\0 M\0Y]-BA!QFB+':&B$)*W@A4/\AZKH41ED7;)H4*^.X?2F31B4CPHK$UA""HG4#B2W=]TMVT1FDH! M&C>,_O+*>8\RCB8@$)&.<).2S5]\?1R:&NFP#GJTH"RY2$#(1!$GH/BC.$9D M'%8B]7#Z630<2RHE6_W+`I34_["MP!V!K%*H-95]H&["821B95IF"""YQ,C6 MKH#P#&9Y*2L$8,7!5%XB4#+[GW MJ*94B"D-`CJ>BL22H[QC2`08].K,LFSLF:3S-PO(3WP?\IQLB!;5@W!@#/,_ MY=!9MG`O]4VWM=OIZ&-^LT/7JJW*=PR0A!$87QMFA3P9H5TMCL:25YK*^%:Q M3_2=U]VQ$^ANLCOSV8N?W9E3;416S#5N1+3AJ6]F=YGJB$`['44,FS`@"=9% M4TT+SH0.I85DLMOI_$G/Y=;1T4$")A!3>(*I2,%24(NFN0'M'\0FY!!NUFYE M>]\3&%T]9Y&DXPE%9W!X`#MP6E^RDRB'\ M,NZZ3=LF"@GR)&JM2,/X&)HI0)U)O!N73$&L'X$T(%;)*!N4$P1X-FE3\IER M$B@&Y'(:421P.S9'$]FC$6.YY*1%=*`<>:PSB@63T3"(H3-2&$@G9@O)0#I] M-JJ\%=E\DI8;M&?MI2@<&1NJ8SR%5:6HZ+N)86SC)6I'+#FS-(2+!].I2DLF M2VT"*A,@?DX4MD+"==4>HC&:<@>M19&DKIH5R:_.AIY%15H%NWWR0/$SE^'M M>N8P\_("6)]J*';.-51(Y%*!6ZNS35`F#KIX]W=JK1,S1S-CD/A&#-H=IV5Y MG#>]#L4:)R1SFA37\)9D$`KC%Y^8X"5G`F!"#P7J\L\Z[46_RY:-Q:')+(?4 MQ#K.!A4#R:*R$JP3H.34LE$)*@DI5Q;GC<.;7+(\PJ(L4BS]`%]S0)_8/J5< MA`U$KN1:N/O25A">(#6!V.&MN+GP*+>"?\PV59%WC8,>5DQ>?).DW&*Y:U@. M'/G#E#O/#?V2(W!7P1FYI"6P#9?\RE1Z:@:^,B5!H[FY'%$OS67S*;2(`-H\ M.Q7,QC[*^7/-P)D55RYYRP?D,,Y3ZP`?()W-HM`L0H"0LX><:)26#GJUV>M^ M3+L1`FDI)+2R<;L.""$^- M22@K#'LA*WU.*=G`8G\#-;.-?NLVNK?X'O,RQ]DQUPVK95(NM=;\,A4#QZ1J M:+?$M,KB"L,X0%<]*I;5B"G;ITR MK6RJPY&=O;X"%H?459&:"6I:.+T*]CJ[[6ZG?7%XV.YJ38O1\=[X+J0*DD;B M4@:_@(R!Z=P\2R26E(THYC_@$@4A,YL_KJ+I ME!=&H=,JNZ;`%5O6)$/C@B,%#X#,``IF'R0OD5X+,3%)@I5`,HEN>4@M$8MO M7J<9BO*NA7P^X3S%Q^ZX+M0S2;[W$@J/K!P-J8@:)A(XWH-72%2@M_[O%2STF>!YGO@L\(BPW)]0(T-\ MA(?8<3N5*`RLFI&@U?0?YIAKK+;]28I3X(&*KV>Z[D2(77@4,4QKGA$OC5"Q*-%@? M*,"-Z^$YJ>6GR_IL@47[3GQ;5()O"B.LK;?F62C>"A3,#R"#MS)UA17`KQ4K MO,]>(O*9T_K<'0=BE'S[*80NNA7OU#.*,Z#1!7Z.TE0 M]HIB:8/7'-.LR68P5E@.N:82AGIG>IV%S7CUBC9211Z;_A@E)B,:B[1&PRC, MM!D8;5.B:'.B\%O.$GZ'@YATEC:\WT:-E7W_8F!T*A]BA(Y?H*OP"L;66:OQ M^8%WE#@U\SOEO9BA:8DHJ4M2ML=S0@`)[Z MGIY?O+-RY<"16&D?QNVU%?"MPO/<287V3'%@P^@ZDHKFU?W;&MQ%:D(F<6+A M2L';!,1/$%O3[)UV+-PH[&"(#$T*7L`C?6X\X([@MYYZ:VI^X$@UU7PT).+Z MQY0:H,1;EA+;I#-"HC0%B32A'BSS9ZMS.NF4(D]V;$F1$")A&8G1=_($IUFQ M"=-M1@%W*@SY#G9G.I[UB@V M4S+#M'%53VA/7@Z!DMV,FV]:@A).BHFI7*AN53:(.(%W)A161\GZMT'"!V5T M+',-D0X1D^O#^FWP7%N_R.ES5='_`6&:V/F!3-5F!1B6JY"I6]?5&/\^:O.'W[EJO5/NI&>[#MO MJ$+MRG!]%4?J6BN8%$UNBYW6^V>6LR>QRD-5^D*LVCPF)9'.[7DL1\O`I@?- MG]6-4UL^2Y,4PU"<_-U7"]B`^5P6]DP*3=M(`/\F`$!)ICF&.C.)X28;'MTI MB;,5.-]SXR6.!1N7$>M*4P#F%%*&1/U0!)N%_4V0K; M8[:PA[G;X;:@+4C@KI11QK5(AI_D/]H:2P:K;*2(+38>80$'F1:8W[5JYX6: MZJ*?W*9$3H]0"$^U?J,4.YT.*)T:_T:SUDAK1/!B&I.I/9U.4RG"XCX"Q.VQF,MT MZ=.[F5JK3I0T0=+`AR1]%K"^+Y1Y,PG_3;4R)'C0]F`AAX>7@\E9JDXRM9MA M;LY6DB94DCOT/`)EU;A&L%CDG30*)7^*K0#H9K.1&L6:6ZAC:FRA5ACG.LRX M;H[OE]'!D2;835I_F\*W@\CX??(TON;9S3[5@Y0AXY9TTJ"../ M!E3-M/H*2`GGMHPP%=BT'\=4&.SVMF+ MD/7[85J"3LT%=3`-0VKO<$Z$T\[9M`8GF!FG'#^#!">A%`[2HFLGIIBUED?1 M&,FD90@M3%%(&9I",@-Q\U068AD$W0Y!='RQE24`T;$GIW?F)ZG0BUY2#-76 MFGD+_:K9ZJS:RAZ,$E*J526YZ;[0;'L M7!S'2+3-T).^0B-C[A`YI]TU9[SM?PBN=#_/*N+38`;$N=NF%\*N@["]%C$Z M_+I57Q&7BVII%KCVEA?N'RJJ5RPQZ2@JT!H?#$%6FH`<\)<_GWW^^.=% M`CV`?L0_?+LX^?-?V[V=O;V>JT;K,5>::H>GVJF=ZK"[?[!_[U3+E%I9?;][ MVSL/J^KRQ&M;=$`'AZNL;13%&`&/DK`Z2[XE@).Q&FJ1?W7`Z![V.C_^L'#T MQ\Z_Z#"6FMO)`*"G0`:2IP6KSY^4?K##[=]_` MHM/=W=O=[SS)#OQ+DH>^C$!Q4YD;ZK+Z8<.WG1EHF#_1$ZYJT0FNLBI+]0LL M@'S.V4K#G^Z^@=9WEIB6D$>.Y6IE_-W>V>FYC&;9*;_+2A?RA>[A=F_[>RWU MC.)$GNA0._>NLF:Z[[+*>TCG(U?Y57=&S[^,OE*IRN%YF!5W)U1ZYA&RADMT M%DWR1*M9"':[0,576,VY5.W!D*"G.YM>[_#0$XWFSO%$BUET-(=$VAZY&'N< M&"*J&O;`Z.FAI<3T&X=@YZA_=2A9H9O\M"%QWD M=F_W?O)UWT+G-!D@PUE5U'F$7++M:C,/F?,[+78QD]WK[&]_M^4>P3UQ[0LJ M'KMHG6=PFMWM[HQ(O;]WW^HJDSSULG;JEM4].-CNO/#"ZAE&=^_>Z_SN!U:W MKOW=>[%BT;K(4P/"R7D8#3'H<'7T['8\#<<;=O4I%R'93N=@V1DE8QTYPB/W MZ:MQE6$?->N2#&_.K*@9'9LZ8X^V1QSN=K=9W9H9=-7IEC`_S)_K]*V" M?:&&NE\[?"7/^1'+YRNICK?")/?MHG8*N1[R#'X*^Y19OJHY MI]/IF?NV`ZXRS7(P59G#!J7GQ9?1SVDZS"]2[%7YN`W-&7;U*9._Q2K6-KTOMPJQ,B7/ZF1<]'@CYQ]"6/FTK-+HVJT M"@\QVIPKQ5XKR>!^Q#'L]1PUX)YIGFY)"X6ZG>T5E_1)C1]+$)Q+,:.M,L=" M_.]YAK#Z>8SU]=0T7%Z9>F_O=EU@JX[\F'D7XWCGX.'SLG3[6"=KY]`U[]4, M_KC)%VK^L&]75;QO?<^%F>_N]G>7FI!BURF'( M\Z$>#BCXELM9[YGNZ98V[W379/ M<9HT9H[DNR*EK+:&[[Z-.2=OMG&PW7FJ;0Q5]/XR"_'GB[M)/XT71O(?G5_^ MZ\..X([4CRD]Y(9BL)?[[Y*KX.D^!Q.%J\4SC"XN,L+ M-?-T)U"Y3%2<5=&):_N/FTB^W7^[V%&+W<))7U M?(QBE1W#.L=8AG?1;B]@9?"L$^PO@8_NS-YPU:WS"9GW+[#Z;[YPSG^IW-M7 M[0B5:?Z1QF52A!FO9?'XGU-W^,J;E7'_J>+X[TEZDUQ0144UI.R8[`'CSQEA M!N4M#'W$;(?[D'[/1_?*VW-&9Z)P__B_=NM&=]ZF\66$(!K.C@"__]>/'%U+ MG__K1RYS,8HP$7API2;J+W^^*HKI^Q]^N+FYV0VWD"D'LYW'DPR!D,6PWD8)___Z(X_1W9?MX^#J??0!3)O]_688>0]JJ$4M^2ZE2?7\10V/E;-O(MYN[*%>FES:W4Y/E/; M$/NU8+WS+V7#&=;Q6C9LI`%WM.$YS;K)LPU+>A9+2LTY;[C,,YWTAG&\S+%O M>,&Z7([O.M@0H35Q<-X MF6/?\(+UN9R=3K=SL!8><,RW76T'^VNQ@_W5=]#M]M8@"J';;?=6]:9UN]W# MM=A!]W!E(M7=?^D=$"9CEN(J.^BM0RQ+[W$VD=W.B^\`[F"7Y.K5=K#7ZZW! M#O;:O=ZJ.\#XWI??P7Z[MS1'PV!D6C[EB]"SW"13_37*TYU>=_\]_/+C#_I+ M&@!?\M_6H`-SHYMYWO5P,&H#Z,&F=#)_[K'LK\7?WK_&_9*;*BS38B6VP M5!VN9L5ZI.I;/_Y@5UFWJ_/2;$>/-H7_U)\&BS3PX?\`4$L#!!0````(`$AJ M]49*?.$>0P0``/LC```5`!P`87!T&UL550)``/8 M?JY5V'ZN575X"P`!!"4.```$.0$``-U:W6_B.!!_[DK[/^38ASR%0&E/+2JW MHNR'*G'MJJBZ>ZN,,P&KCIVSG0+[UY\=DC9``F&/-N%>@-CC^?K-C&?27GV> M!]1Z!B$)9SV[W6S9%C#,/<(F/9M([EQ_.TT[$?PQ&>0H`G* M>'W(,5+&K-TBK4(*\^2D9(Y9D0-S!?J\ETHR2A[$&B,^ MD4\YSLJTJ8E-+NRL<786*A_)<>S^2#H3A$(C]_;:IENE:K>&!2`KK#,ADJI8/ M%2$P0"%1B)*?X`UX$$8*Q(C[:H8$W$(1'CL.U0.=S:C*XK3+[K=";;->Z9OB M\2\8C[0]6O*=?]JZ:#TP%'EZP>LSSSSW,8X"XT:]$G"AR,_8!_<@0\"*/`-= MK$%U**YUQO)@GLL'^[0F*;ITP:!$A1P<27D<;*^-=7'\`,EI80746_5P\V!; MD3,&O&\I>V!C0BEX]_`,+(*;LUKSR0"KK_&R*KEA8[U:Q=#3MB)]C@2:/:I_LOW+S M)LU#S\LCI7N;0%>??A2!B0?]]<"Y@^_X3=($BU:3`=\&E_"&X3XH:L2Q% M17F:7%5%%?-EN^JS7C?!D9'GHRH(FQ2W,)LTE3MS'70T_XEQYKW M=>?7:\Z?1HANQ./:9ET=F-6_WKW?@$L]!'_GW),C?6L532YK5%7[?4<5V#"J M!`9.A5>P&;F^43X[[`W\RK7:"_A5CVI"_!:444&'RS/1UETO'K2"-RSI"]BD M;U[I;!L7]F!0419_@5``)C&L^C>%.!O9RMNK`N-*':TZW_>',%L.RGFGWG/4 M#<,"D(0OL/R^87V,>:03[`=:H#$%8P_&(@)O]_S[B\R..PI^U8-O=7_G=SZI MEK%V1I<[WR<8A/E[@ZZL>9E<^MAQXE?>*_E(==X5:3 M4KKL&X>Z@RPHCQF"XX0GS])\3,[W>PF5;)@/\V\E>N5?4$L#!!0````(`$AJ M]4:2X0F&UP8``"9````5`!P`87!T&UL550)``/8 M?JY5V'ZN575X"P`!!"4.```$.0$``-5;77/:.!1];F?Z']CL`T^.(20[3:;9 MC@NF]2ZQ*9A.\]11;`&:"HFUY(;\^Y4,3@SXBU@QS4M"G.MSSSWG6E]./GQ< M+7#C%PP8HN2ZV3YM-1N0>-1'9';=1(QJ[]]?7&KMYL>_W[W]\(>F-6Q(NQ@$ M(6MH#=1'&#;&(>(PQFC\=7K6Z30T3<9C1'Y>R2]W@,&&R$38]X+*LX92,S0OZDQ6&:O*2US[1.^W3%_`31*<);:<"2LP?& MX8*=>G0AH-H7K?-.*W&'Q#Q0C+U;-G*T+R\O]>BWR6@!Y_/'\"3ZA;[^Y4XT MRJ'S*+&P]-S'W" MT&*)87QM'L!I)H^8N/3A0CKPIT33*W.:"R*!%]Y!35R%1/:Q0HYIZ-4Y/V)I M/IR"$'.%C/>QE?*E"X!4"KP'K8!M!*0MX.(.!BJI;N$F>,8D=QGF#"9ZQ!3Y MP8\>]4(A`8^_&\0W"4?\P2)3&BRB4;"X")E&B\$CMJ6Q$X6(CD$$R:L#\>-6 M4KCBD/C0C]-*_B]0J"I5NU20)0SZGP"68]]X#B%GS]4Q`ZTNY8K3OX!60Q`( MD^:0(P]@Q?F\H]'>BZXPS#.@,$= MQ-?-C"#]R%3-_\0&Z*%+%TM*I+#&"K$BYJGW)`MYZ@8CV"Y)+%%B],UJ9;NB MD@O<&&,:T$6FM'%B6K:$1L@$';J4Q`%N-F@@>FJSKUROA:X\2KAH:!-'*-=- M!F?RP[%LW"FC%RW0,NQ+CWTYVW87M@6>Y35BTL*,DK.M>ZW6_&C78\YZD_22 M[HA*7M^C)6I8T/7D#*\VX][0=>2&[!TQW+;+NE42GV_W3/4!4O$`9X( M!5F^"?N!K\2%E`K3;3@[G@V&[Z,UFR%`OD4VI',=R;_G=9A34'>Z3YTC^N1Y MX2+$8LCV-POA7A@@,NO!7Q#3I1Q-Q8`^@_G&'0;R2IP\4)ET:\^/9^WC1"RV M5]"2>Z6B1?I3X+$HST$`F1-R>?@N7\ED,=Z+.VI/92N]M9'8+T[A[+F_09\B MG)RQ+<9"*$:D,>1\O5YRIJ+':4CD<WI53A"B?5$O(+ MVQ'U(Q[&,D"XTY+Q$P)",?-#O\B'HMM?DR&%4I2;$]66"3"N-$KO'`AM.+=. M+YYVG9@RZ%\W>1#"PJWHC@;K\T\]Y0#T1<]^`9OW,;U7>X+^A'K<4]TT&M5> M+R(F/0X#:!ON9&0Z?6=HC@S7RN.;(-NS>P MODZLGN7>5M^F2/7^C0P;<AK\YML;A6+QQW$ M8RP3LRDHTFUS@(7(;$@Q\A!D\??J"N9@UZ]E.3*J'ELB(J`+5N9J*?>EGR`1 M57*#]2F6.]+H#$&!PB7S'.%A/YA8->7A%`8!]/N(`.()C[N4<=:#'*#G_[EE M/FAMFI9E44G`K"U310F+8.L2\0`>E63,VBE5E+$(MBX9#^!1[:PR=9-44<1\ MT-I.*LNRJ"2@33F,WTE5E"T-JBZQ"G)7[+',C5#E1BM$KJ_;#J%22<_H%:D3 MOFK]9XQM%QC,':=[K\*IXDBV-JZKCR/2C+VH0\#@!_7 MFEU*&&+RU8\[A^N%IE@O)5]),C/Z`XN*.E?.6Y<1*HE6&QS0C*`I\@#AT0M6 M9VI#'J]L!3%C(?=F%GO<'U0=/IZ;K[8!1@'!:H[L'"VD/*>N*#,$)?Y).<.# M\AEJ4_TP2IO7\?*+_`]T<>5_4$L#!!0````(`$AJ]48"$C`96#H``/-V`@`5 M`!P`87!T&UL550)``/8?JY5V'ZN575X"P`!!"4. M```$.0$``.P]:W/C-I*?LU7['W#9K9M)E67+,\E6)IOLEL:6)[KU6#Y+3BZU MM96"2$C"A0(4@+1'N;K_?FB`I"A1?(B`:.[5?LC$DH#N1J/1`/J%;__Z:16@ M)R(DY>R[5Y?G_5>(,(_[E"V^>T4E[WW]]5?O>I>O_OJ7W__NVW_K]=`=X5?L6]7K0/J#LEV_@GQF6!"E,3'[W^3(,U]]< M7#P_/Y]_FHG@G(O%Q9M^_^U%TO#SW__NL\]TXV\^2;K3X?EMTOSRXK\^WDZ\ M)5GA'F4RQ,R+.TKZC=3?WW(/AS"L:I2HL`5\ZB7->O!5[_)-[^WE^2?I9PB= MTV`'#5Z'"!^2!S)'&^4VX69/O/I=TM0[(Y_%W2T'F MA\$%0EQ`_PM&%C@D/O#T'?#T\D_`TS_$7]_B&0D^1]#R\6%42-F['5BFTT5; M--X30;D_9,V(W>O=,M63$(O0@NY,_]8HGRH50QK1G.G9'K4\Q$$S:K<]#;5& MC\(7M^JO':+)IY`PG_@)V0"G9!UK-%I3`.`$,O>R,%\%H#BY>)7EQ"O0:+U$ MC^EQ*IWW\P/Q"'U2)#_SR9*+4#%Z]<@D\2*AEB/'3-X(OAK<60"ZR`X#H.T,1!#)(^&1/7SJ?S_;$Z\Y_:J"TX#P%>Q\"C?LJ(3U M'B>O_I)@1N$S1Q)P]T*%'$4)=A0`>C17^!%&C+.>,"2@-=#P[<5V/-WF@,^] M:$58J'?BECDQ$![BPB@S$J& M$[JX];Q7NK)5J+%)N5F"!` M(?Z$<(KBFR[)52TF9,7GB`FQ4?V2B"=U3Y@LL9K%&RYNHE#)YTC*"(Z*\O*@ MFJ_L9*G2ZQ)EI[YC+$IC`1HTYP+--2)$$TSN=+3+(57IXRLLQ`9&]H2#B"`L M$9^C<$G0#`>`38V8D!#Y2NG`+P'%,QK0D"HF4*;4$RREUYCYFB7/2^HMU?=/ MG"HZT1(_$:3&3#T.8K:,ZX6.$`\341 MBK.*?=[&4^.@BD.<+8CXXKQ+"J6^2.UN2L>MW>:J9>#IC6[$U%&`R'#,TDT0 M]KX#:J6B@Y5*J4>,C3J),2CA-2B4D)FC$-)'(3@`N5(F[@93I4@L!]7VDJC' MF.QR.$;FFB^%VZT>TM?"`\*?:V(E[D4(;00\`_,,::BNY-F&VBH)U@`1GP5T MH9MD=CBU+<+M`S:+7YJ'XH4 M\I2R3FU!11.776'E@EUG366-GW,L9YK,2/86&*_!*/OE!0E"F7P#J^_+7O\R M-N_^(?[ZYWM!N3!F+W4Q"["4=$Z-;7G@_WQ+&5EM3&8QNO8 MEG!+T\8.HM)S<)M29\N41#+=3&=[TCO$@BDE(Q6I^N!VSP/J;:;D4_A>8?VE M0%BK>EG+9DVR;$3Q/9;4TPKQF@9P!49WZNHR8AY?$?3ZEDOY!5+*$6G\71/3 MFOS9E\JCYJWYL61"%TR+.PO5.8A'L-DL-"ZEK$M,1?7Z61U@CB+-1KPFHP]W MHYO1U>!NB@975^/'N^GH[@.Z']^.KD;#25<$ZFB>9+?@!O/5GF:[XNK8/?\` MQH$)#XHLE%6MK359!1DV(@:@X9"I@2.`CO[G\G]=')X=$A^FSK5:(^C*NJC) M@7T%6TN,VCR;QK;>2:C4^P]@M"L\?N9;.CAA%J*WD?L4+)(`%_VQ?][O7\*= MR]@ES]!E_ZS?U_\E-E@H"3G\C_I_1'=R'Q/S"+L-B@MY=G^G<%$.YN](D$G7$QU>!Y_HQ:,>?M"6KF,E<@ MH-D6UH)Y`)V-0!I;0`:H2QWEMU`@CI5:2;SS!7^Z M\`DU`JO^V)=3]=7/0^TW@*`V<85#LN!B/U2AJ%5C>:U`:R.S!BS2<%$"N"MB M4#'N1!1J\=O"T;`.)R9,3]T*$Z?[P%<;@[JPXR"UZ+[G0FA3W2'?P]$P[-P1 M34FV\E#<3U&,]0PNT.=;_QM.46?-^[,$NS/'Q2F'7>G+.,GP6W=Q-&7ACM?# M3MJM?((BRKI;BEV!!]K9>@"+45LZ_@#PCH_,L;?/CG#'T0)_QX:@?VQ'G'C\ MU=7K!+@YJOHBK,G(D*JF'C'0V)PR037()PNR8.:K'LB!HQ%JT,A M/$>#L%I[30FVL[JD.!%32)$16[F56FQB1P3(-5B0,>!VM6I/.>3*G6X%-CY8 M@#HH!CR83)+M^H)HG(!@J>_5DH0RNT9G40C\0@%=4>/V/$/S2#"J`Z-@:9)? M([H&_/$"5DL5.OA4[:=AL`'7)V7I)X6!>U3'>H*O4[-\I2[J<^P!Q#,D,6@. M@3Q!;`H[\G?_VC4Y)>S(@=8:X2E^;RJ@ZJ M`E36B#VR&0T"XC^0)\)RAM+RME:R6TF"C00GP"'X,8K!*_6MX;L29R<#J!+J MUPF6+XX=2MM"7@PW%6[>D@[6DEQ- MC%4\P71\];?OQ[?7PX>)B5U'U\.;T=5HVC71J>;#OB35G9536?:OXZWGADH/ M!S\1+&[4-_N>J+*65A;^"O16"4PQ:&1@(P".-/2N2$T-!F3-_;4FX+0>H"N^ M6G&F9=;D.HRC$/+?_;P'H&8G!_ZA.D0Y=R0<)QE!$&YXX,*1:V)USRA":",7$#.YS6L*%%17EPH;:BN#]R$I M2U&N2(B"4-_MP7RTUO&ZQL`,EB$8TG9PL;DKSC;>?A_?0&2G3$A%W,M>/ M$@N+5C,BL@-)1Y:F2R8NE2=B?"H2H@TA^5)@%B>QZ%[Q*0Z]-H9?!647I@;S M3$02@'6FEL]:L6%IK,8,+O0K3,%IHY=D")?C2&RZE2)9.3D[-_QZ(F[CMEFM M,=LD_M;WFQ_Q9CQ/*P+L9)X=VF6.ZV_IL&E`JIVW1B/YF'SK:PDXVVT@#L>M3M>T`:<&[7_=%8IFW]IU#H[%Y0CXS@,HN#*5?'C33C M`GX`4_;[#7P;:SXA1TRU\-24%CM5;>$Z\+0Z&IJ]^U47DUL#0O`2$J`%MJ#X M$&;;%8`"-233<(D*0*=*9+;@%7UPPBJS)?F\&REE:K M(5@9D#,BJS&C^&35-=&UXM"^,#N8Y3;%>Q9NZ:D6X,.M'8AH*1E61L;Q=#A! M]X.?!N]OAZYS'!W079KCN$-\]U9-Z>#SZZ*&\-@4C=N6*\RLL)(XLJH>EN7B M:I%C=3P8W@ZFPVLE'@_3G]#T87`W&5Q-1^.[3B6(UV3$;CFP(R:FS8`!116H M]5MUB1A!HD)AH$"NH8,`@2+D5H$!"537BM&.W%*=F(+NBI17CSD?LU`N("WF MSI(%#FY(<>9L^KM]WNP^*AO!U<"Z)@"Y$>;23@]SL\VZ%JD#H2RA/]?,026+ MPX@MS?.IY^Q`'O^[TCS^K\_>77Z5_3')Z5=7;;[UUQ^=XX]R2?Z=,3=5S46^ M'D69%+189FJU#OB&D/A8D,G=OC(55@NDN+J??:FINJ2Y2AJ*T]R43,ZI1P0X M2,%(HHV>79.SVLS)59HZ;N).&['U(PF"OS'^S"8$2\Z(KUVR8D\HJML[B-.J M(,5!B!9@Z/T"*%""`QDD71&NVMS(QV75FAD7GG2^8%02_P.F;#R?D#`,]&'/ MN%1*?>CE/1UYSVN1Y\AO'N-""PC+4!NI3-$AK/&Y=Y<[&]X1CG*K8;Z2X"S'ZL-,DE\C M$']34;B71HJ"VEH(.3YU+*B;'S%L6%V5(4QL_9R0=3RMEPZ,64.I/2WIUJX.LK MA4SHJ5>ZMZJ7]7VJ)EE6E5&V*+KI1Z_)@_U+TU%STZ:#T8C_U1*+!:DI9Q6= M'+@;ZQ!U"F76-6&KQXF\*Z_^_#BK*'-O*O24%88H[^"R6DP!,5:WIO'=#\.' MZ0CUKICH2Z+(3@3]2'"%]XOVG$1HI6"1DM`[#= MEE44/0*`M;8ZGEC;I"P/*I>\CI^]@I(),2:$4U0NG86G&6!I^KR#4;Z$NCZ> M4_NJNZG@6MG%$C>"R689L:V]8#R/B[_+1#.$_3?])$#UL*VL,31;^YGM,)PY MNV)?%6590Q.$/,=$I+7O<`B.L3?];6"[0WM;&^SX_Y2$AJ9+(DD"1_52_X.) M\_":PBB,`B)IPL&7)/#WQ]@I@XT#"=TS?;I1/.V=^@Q328J-;DR!=_..53GV_3VZYCRT&3:RN1P:P=!)*5D MN/*Q0V'.=`OMFC!5\"`?PU%C+IJ?[:K+WCDM=G>"$G>/)RIK=\)B=L>0W/:F M6Z-HG76IN@)O236OQ&=2IYN=Y^0(PIR4:X)#6AS/D4'5 M+3?*$3S9<:8`:KF)SVY,N\+CG%GR#Z@GDTH%KLKY9J9LB()39YU6"@$[(A9M,L M#'@,&&KF%\BA`\#6\NIN<#9RG4+MFORZ8\^^G+N>?&L[(5R82WT\^58N['J' MT#JPUVFXG=IZ2\9[P-Q1S&>+%U[!AC+6+Q??*YZ5O>E:T-+N%==R]';I5&"= M-;`1`._4S%<,?.=QUCJ,;RX!XW!)Q(C!2RS$AR?H1VRP6`BRP"'YD8;+I#JP M1TCN]'1\?RMI:42JE3$+$$+QDQ0C6%EQ@M,40%GHZL_K&*VK.^O)QOJO8C/= MT`"-)CBK%RP67G-M,5V2..X8:M7H"C;9#.$KSJ`0)V;AB#V8O*OQ7/LWH?C- M>*Z]+A,BGJB7<^<[!V^E:TXQ4!M5!)5.O3C(74?_QE6RA"$*DNW"C6J1D`6* M*LY\@S6Q3DB+?5#@^XJI*UT5_PPLJU,D]@58U[9".07[L_KF=&NSQ7N[HI\* M[244UU2NN=H_QO-;SA:W^H5#O:'5BXML!,K^;FXQ`!OUL\4+JP#P]6[-RYAJ M3Q^IM<<6VE]C".C*LG#!M=PEW7K>6ZR2D>9^#)_4/Y5%L8K;V]?,J"+%ZJ[W M^'XR_,_'X=T4#7]0_TZ3DS,+2#)S, MSY;Y-GE$SLI@=66>BP:ZFS]3Q-+V=%IRH[E15#^0-=Z`*I;C>8U@B%I=K37= M,01:;28/!X/M\<1 MNS*!MA\)A,(6+)'R/@X2'&N09)?>F"!`@*%'&8IQ=$W*:K$BG^58>WI:U<1S M(J4FJZ266JZ9"XU[$+&5`)E`Y@Z]QU4UV@.JJ(3/+U)LS038#]*0^P()*>OA ML@1;$3DN'-[F=;=?Q(9A,:$GCQ;?ZF_W7_ M,2E^.&`^?%8[1K2*])%OL(*LH]^T5^0A4P/Q@*G$!50K"XO#8=G(K"(#2846 MO89'!=6]^H]OSA3V7(W)^&N\I0I*2Z5D[92<_,*5>ZUE'E5YU5)>%7&A*\O< M,>^R]C#GZ^94Y1.G`D-\QF2SFO%@3[[ROUN51SR(RF91QN'S,5QD`'=%N`I' MG"UY6,+=]HN_I-&CF5*>2H`+SB55O9R5?ZD@RS9"WD\.(R'^9.*6NB)!1S*B MJ/Q+K0FR?0IV($<,WJ)2FBL3E2@/%02LZ.#@4=@J8FQMZSK`#6+;#(XXW9\; M+&Y?AW4QE,H*F9`W`0I4G\'C6MH0!C/#@78CR"6!A0)QC>J78"M&V]B_UW#X M@0#`N"XA>^(0S6$R^=5X*902W)B<_N3)2G-B2HH@A!P]$>9S(36>^R:%/ M0FJV3UWJ\$!X_B^N"K(M'Y`DXL\B22'P[1Q!X0R`K20X@+`=&)=GZA/O)]]G M!_;:CTP0)U0*901MB+JCP/#,5SI7'U*:@DR&C;?QU#CH/*ZFV,7W;*O$*?^H M;;UUVEQ]#"1??8HW/J[30ZH(W:Q6^EW%Z$559&2FDJFFCU&,:`$4Z(1F>FZJ[2-\\DC;V+ M24]6\CH>01[*MFQO^@!H/)"]ML["&#L[`961VYYY#YC"(V=$J@LLVW\;N$NZ MZD7XG%5]+Z@4+#2I?G1@\)&S3.*0USTDBAKH"*>E;AEITY.#:9Q1Y],%\BGP;VU5]&*7EVDWMAX&&ZG!I-B>W5E:!`0^W0YRF39G4 M`GWK4->%W1M+I):L#`6=13!:==M@JHV$)>.K->31L&MKXC#_]B2_3,0L3`Y) M-G1<>>F]T3,#><,AW5E.X4*9!I66!((V!&1GHK`BWLITH3$CA1K%N%&,'*F3 M>HR^2U)FQZJ=NZR#B6[/(/L>2RK38G5*#YBD@7K9)S4[6YMGCR/21FXU)M"? M:J-<8Y%F<\9%NW&`TI<:.R.^S;BT;\)M,I==+,]<4=&P`:`6RS4[K3_B'SEK*.['`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`C-^D3+P8Z,N"1AM\5V:G%A*QAN>9$6-2;IPL&L;%0)E3MU%"^B839'"9] M&1O5LC8WAV57L]YV"#92ET&.*&"'6SW+);B98#0J(OM)02Y*""C=QY#%>_M;O%X_CY9"?CL7LC^?AQOH1+L0ZO M"IZOJ2&-ECG*!LUXGBD0-)"#:[+FDH);9\!,;N.4#[Q?(RK(9;^OBY,;RG3W MN)#9>#[X+1*/C#X1(7&@EGEAHO.)L?Y?=U?WW+B-Y/\5/-RF)E5.*JG/Y+&8$O MIQ+O[U35F_UM]+_/2W)BGC#N?[QSFLSMCZ;-*[WP=.DTYS^_I%G&,S7!99*7 M9>QEX1>>$"_OR3YF\?0X`K4DZC[7`,0%[`J56_<0KVZ+NT"UL8"Z(/F*HVXD M^<6UQDS[_6(H*L*!SN^6;8D+EITX05JT9_IVH6*._:"W$T_K(]7*Z,N,P^FH M"7&RJ^'VZ'4ZOX5'T?++^`]7M6#@HX-Y)U$;;JF_4H1*U75M:HN->RX1F4SAQ3\?]*JH<\^;<$`UATX*(, MN"6SJ%,3+W+-ZZN>L;9$@5'^'E:![?+&D]%=4PV5OSN-:W^F.V%75BCRMS^D M"3L#C=-]$"4**VUNBS9(+0L8V^./LKX9E5;::_LQT/AM\\)^2V.V]P;9^S2* MV3FEP>KL*TOL+69LR+E[(S"RJNWE7 MBR=58_9,HE/,OT69OS6+F.FPG#R,UI,Q>1HMUU_(>CF:KR!U&^+[SRF0/IF3 MM7:JYM5Q!+N;VU,6O3&*8C-_BH,-M^T&VU(T1!F2GC@JLE?T3"COFAS*OETM MH'C.VU9/E01D*P+/V55%(B+GW"VV*40&U@N5H*7!Y@]1;IQC_A/6S>:/^/V. MY$?V49`#JFG`_E$^^$MLX1]."95>.=GT^J[.(!,[[=5_<R+(^6)Z7;73\)#?81S[,]/GG"ZVD[R( M]FSJJ+(!KQJA3:Z9*,:PGG..(W_JD[_BC/+\N&]'T!_"K)HU<&T\.KWWN)(% M^0Z<4.Q_L+:^!3%W2Q4EQC\O/:5:QHR^Q:]A-BRB%C!&@=O6!GZ@9UHD@'#3 MUR@!C$TPQ0,/9W?J?74MI&!QQ2[JA=+U^N\G[R0).TE+(4[21,Y!MBD;7=7V M*/M).CALVK0\"Y]1JQ1+D$4'MX(_TS"+#7'GEGJ0].!D?[XD!"=B3G/A;R)B M`8_BJFGI1$Z/\-PTNC+$;&LU7A00LG0*R92^A0!SOZ]`M#<\$AA]A@4Y-F8, MYWP6='@1()FN*0'M+W#JW>$GN96K.Y8_V]V\1.XGTY2K?D\S#LT+O4=)>`1L M<_;/#8=880+?EX%M[`R"E,_33(9!.;X1JV@1HZEVP0G1HP/$BXI$KH6F2DWI;[ M!,*1F#Q702KYZ,](=4/4?^,`X,:`)50`B7`4G3OVSHQ,-%#'KC$>%4RZ<\+W MB@W`9KG,TDD09:0H9FHE>'1MJ=W=;: MQ59L#V"2S:)?F:7..GK$]0K#"-0?;$:0R74$+U,!J/[(@=`UU/&WYB_TC1NOK4FJ"5.11`S^-`G`2W+ MQR9WVS"&V[8%SH[KOA35]4UO&3TN;SQE1+6:B3_B%Z\+(NC4`R+ZCPQ@AAMZX>-:7,K)@11B)$#6#N M2O]%4)Q*JA:I=P^N>+79X8ZY+16E@5H*2\23ITR"[7'0DR97I*XY'MRHA1&4 MZ[$"(\3=<8>2A$`F<@H=Y$`.6_RQ)$T8&4KW`'E;%4X(_"'-KB4FE?8Y(QF_ M0R@.(`A)0*8J`%/V?0G$5*2BSUT:AU"8_(/T].6D=#/6B'.?X%>:E6!.=U!6 MF>EP!V[..^Y%S"@DNL'#!9`LP*]VS-Z__Y$\!N\0?1W$,7@U>3'F,VMG\6LT M@V.Q2[/H7S3\D4Q*UV4S9QQ8*@[R/-I&`-J6DY"^>)5,8V)4-1@CHVF*R7$H M>P4R/VL2:%0MD5D.6O*X-(?22GC?WNQ#!F)?QNP;J!U?WTON60M`]G^C;'JR M]62>%DT/:ZV?.*GVU<:0"_2$4T7N%*(;3F0@J,/90YQ+>8QK@'64J_^0#3/= M-)4$,[.^'MUJFQT-CS'E@'/2#[/8*LZ$EY7/54XW1(]XEQQ>'-SBG;Y%/%`* MXJ^V];L&%-N*\B(OSQ`"5=LC=%:'BJSY_5P91L\1'Q_AH%@-JQ(`C*,D9+PS M(:(W^L2L(!>)/ZI9T:$G-U$CW=A'I;OS`SZG2^X-`RL'"X+HII[&,`G,\'8_ M"@DON@Z`\[H%ZJ"C((>RE\^CY>3SXF$\6:Z^"PYI_BL93Z:S^]G:%XO1"%[= MY+6*[F_56M)#\+X7RVLU^WS,+I:*Y4G["7H=,F$(!2A0]@_;:NRM$\1&'=<+ MC/D`]6=G[+3#=FI(\E585:4!VH;JQ+`9-C'KRS?3J$MY;0@JG7;?0)@NH+MI MFJUW]`L-L@D4.?WO(#D&V?LO/T/[ADW%Y"O41F/!E@M+X"=V.)*_,U*0$\@. M+Y(8^>7G.P+T7%VN'8O6^EJ[$U5^1>5#_D8*-@1/FA>2BV#6.UX(B"VDYVL+ M9&"(AU:(G>%-Y5-HZ3/A[[BR6'#"S!RBI]C5!IJ72.]>95U8C$!U@[7[9QD2E1)XF=BZ)'`1WA.+VQ&[.M&8RF'`^4IE&7NB$#0V46?0:4 M_=\QY\#84.1@#^O+OYIR$MO;.P@J:V$%%596Z<\W:VD5O!Y*9C0(?1Y)J]XF MX8,:G9QQRF.J]B,'1U<3IAPYC8#$7=T/Z9NIF>FD?O@U'ZF^@\5:ZMI>M'$4 M.N:P?JWPZ&]$AQ(QV7TD60>�+*S+D>+K"LK/F*]T21,,_$N)E!#H$%.LS?>5_G= M.7[OF(NTQR`AE..D"R]63EZ.>930//^1`*@!],V,.P;P$EXK49Y;KN(*JX)] M")DFOD9L:-F?$_DX">*)7XGGMFP/12E/Y2XV[QLF1[25\*_?>_7P9F%3U67% M>@ICT+HAW>OC^WI'[SD`S?LZ?0HV4!Z(PS>S"TC3SFGP%1*AVY@MK"LMXCA< MHIHGIP2&*VF10A)SML6ZE:MUOW4A7__XX\8ZND0>M[3)[I/&"E+L5D!BMX4/ M&_4`&=8/4)BX-9<%>R]VW;QUVTU?XNA5I(.5W@0M]XK8OHU?N[9L8F:><]/3P\3J,X^>B#CV>K^8;%Z7DY6 M4!WZ!%=*9O/I8ODX@O)=WAFMG:YJ)MME3`<'V6U`$.\&LJOKJ$<\_1N![$Z7 MBT;3;'_9&_6XV/`&YY_87"*!UTC+9;=\(AWT]+(KZ]D[A7U+79NS:# MOH."YFFR,8AOJS1S%!A4)XP-,'])TS_$8[?[^+9NW+9&F)NQ/%Q44UWLYK@F ME7G@R5S1R4E&\FC+%?65'^W#&!GGTQBC;)Z_7D=3K' M@\.4T4?",Y,ODO6./B?<)RI<6TW!0A8?.P&,,6?2"73,*;Q,ED#*`6P%O'W' M1-88=E9@X792&@/*.)!V*'`9<\%(&=)<&+#[F;89D,`H@S@43GYYY] M`3?C78@\4IEJH!F$4?0X(^@K+&9+RN,`DU>;:N)FW^*MW89%C&U_E`&31%+T MSU1M-%$S3/O1ZL\,'Z)_'J.0'VU'J\=:`NE^GR8\'.,IR!89K\86\DKP[-+(PP`5-FCR);XZ@#E[*$\P)U-F MRQ^"S,_G50MMU-#];4>K1Q,4!8<@91_"I(_L5+-*M\57QE+%#6*P*G;H"&^@ MG9E';=F2!+QCG;QH@<=0(MW55#-DY"#W>8,ZO2SHP2`:&CJX+:F(NX.%J&0F MNKT=85BW`(@PY'^8&Y%*!_5[D-YX>G0-BR-V_B3R?-@!9U'L:"8388QG@W4W M>-=R1\:1X0^0;VSBJ[*JKF_D4-L1% M*2>GBP\2^O$__GKWUY]_(1^.27`,HP)RY+\+]H=?X0__]9^_*$\AA(ESH!!' M2.-W[\#PS!1I^M`AGDM)A&^2:()>[D.*B5.=$V104TM#&`NHO)W5ET M3J!WPKHGT+\O)F2B@VIX@]DH(%)!CR\Y_><1BJB_@9OD(K])70S)Z#-)_,UF?S&_KLBZ^5HOH(X[L5\Y575)!N57*1D6@\6,K4XYY4Y M*J\&_+6@R8PTK?&IQGHVT"G'/+]](]Y_\[^J,T]68:_\&-2N,6<+EQCS- M(-%KM5[<_]U\,1U,CK:Y,9+30J)0@5F5)"? M8=CDC4O%[Y`2H=(TR0E2/[(88/:BE0S7A(M M+Z+BR"WQ1T!0%R524W@5(']$,#<9I:!\,^&X,@+#C4WF5YDDM6&[`3-@FD6L MLPW_XHI^I?KJ!H8>_L9_8.>JB.V3<*PJL=3"*&D*>1E]&\`_7,4-8`?1KC4(*7VS;2`NUI_%V4^J^OWU*H^3U'CC. M$AY&*L.1-.?"UD]0NZ(I0S>*D?/%4FQ445T@[0:GSS?H?,?X@?]-SKO4$Z_- MPS9**$Y.QU3\7_DB;=&%@_=I>X:Q27QLZT]>*6"N*O=U7^P3HZ;Z6W37@>W/ M?J_YF"5U[T_=\:.PY(Z=H6T:)P0N4TM0Y'C"WZ+/$*>Z:XMW80!#%#'*U^F2 M@K:BF%[45UJG32`#$HS>.ACX&0%W]Z58FV-_,Y?$()[Z$`!*31.WY M;_D(/9O,F,+'=W$ZLHX=^2`I.*V^YTX2@W`O>W&&F*EF*KF>=\$.M72U\S^3:3Z3-Y(B\6VT]0 M$V25QJIZ@M>M'"1%-)+%+_SWTBW&NR;0MTL+1[!ML,K;\3Y,]D:C_/5,#8VY M#)(8)-SLHLB*TL:;6[M,`&IBPUW2CRR1*4HH^6[R^GK8V=P`'J&<$8S(2%K!2.4?*)',H4%/F9[0;2-:'C9$]M^,@#=RD6$ M1W-Q]?RXV?V;5U=7CNI%,?46\Q^\AE5#?(CJ&=F\@UO5K-(PBXYRM0M&2R<8,]5D< MB[Q@NQB;`(H55?N)^ZB?!H:0>7JOT9YT242*JD6L9SY"$`<2=E-0"FV)KI M('%5[$#.Y_LNC9EV<\@)+=X5"WCK9RYCK+2,H0[,"P`I>IB-/LX>>+UNGI3. M08L^+Q[&D^7JN^"0YK^2\60ZNY^M;X13C)9/?[1V*.3`L69:16DBS@Q,M,<* M7:9S[!:SZI;SJ)]Y<_.9\NW,#/.YX(_UM\U*\ZA>_>^J(..;85IHIEYRR7+DNM^!IS0$^#F1C?P6\.@AM".3M>A=,X4VKU M=NK84/"(T4^9G'FFH-&*#YS@1NN9P1CG&3KZ4-*X.7HT7AIG`-)70I,D3=@_ M*-WSV&GV:>5?.:,,09L%GZ#IH0R_@7_Q;,O,JY@9,VTWH5";6'+W"59-X1O3 M(HAB';*_KC5J:AFPX2S3DH2"@*N)Y(CWMEDT*T&CI>\0@'%M8L#[MG@#M53- MW=BT!JC3PX=DL>4CD`0Q]T&+>MHJ-Y;!E^XJ]K2SAW0^P/.T+Z;507IEK1W3 MT>G/Y*9!)-;WQ79:PEC/$C8-^-*@-SJS;]%F9\4B+D6UQ/&N=.^;&5IIX]H0 M.XP8(G&J/,PK0?]4K7#I46JRJ(RH^?WB<4+6H__QJWZX1MR+Y)HV-?>WY"Q% M!#P[6!;OU=(-XRC?Q&E^S&@;MKI-#^CEIP.[&#M;3AY&Z\F8/(V6ZR\7!4M< M(['?2#`M/KM:.E_F%$([UZMM9S-%W*YH`4!BU8>221+2<'3(HOB7GZ#]MDO< MFE<)2G*VLX!77)G0 ME;")E28%8RV&YF7=(:]>1KH,Q<7%L?,D&202\I'N7VBFV$GK[5S&/%Z21KU3 M\N>YD5<0!JT":R(9FY3=^SO#^+M9OKX^*F9F%J`\;QG9(TX5K),4;8K?QKD(6J-&";'MS'];6S MBWVH.6,B\#>*#=!(W_S;ESNHIC7`SW0H,7Z9G%TQ8E@0Q(7ZB6:/:5+LFE)Y M-8V17IHV)E#.FG/O91P0+&E[3L`9;IT3$=JC,#J*TK\CJDT=E_XH,[OJ;N:R M?%H9Q;)(%&"-S>U0QJTEC;%KV?%YHV;7%I=0C&C&C1&T1#">#8#6":,14$ED M9-4=S(4BB!+^-IW6].+5N[-6N=6Y86"1[NO]ML?BF7YYD^J_-XC1TQ0!)N/) M>C1[\,8IV4$S)C6!T6%OS2;V%$3ADFZ/22ABZT31^@:+4C1$&9">.,9>H&>2 MG;HFH>S;U>*+Y[QM]>TB0=]FKM="U:I-K*?WMRZH%_F:1#``(IJJ/9:E[3M7 MKV'MK#EX'B,5*G=$T/'%O*SUH7A#,QVK/I\4#AD%*&G&$OLYICQ#++G`=3`S MQRX].7ABZ,P^RC>4;@MVL_;N21>ACOKS`G(X>RVP7D8HPLJN+D_;T-!%870% M<=PS!(^BX=WZ9F1JB1MJE6OUC8!=XEF\^2RI)UN/Z3;:1*I22)8?XX"7K)E$ M>20_C^:?)BLRFXO,>R)3[\F$74W67WRQHFZ*N<`CZCA\_2U(O]/H=0?@2&\T M"UYIZ4S@(285##(SH-B.G:$7-IP0N#0>09D$@C1)3JZSC0C6J>/5?0/`LSB% M7J^M+LRBSRU:O$C)A$#E_GS9RL'FW$@6MS/+AT)9`<8W*U.(7-^:-:KN,3X( MJK>+8P(STA)JMB7JH^4C?,R0$5,8(^(4B#SD?9`4M!'C@P0/&>FA%D9D,3K] M!Q3IWU(<.+VO"6',1"!*ESVZS>"QY](`_-J$U2%#G5J>9X:#'P[RG<(R^9\< MA$Z?":`N&5".`LY8O"X%%"U["V(?DUVK`M=#I:]5>N."JTQ!'*(FI'_^G5[G M1*O;N2BQVDP:8P)E;571,^%=$]:W+Q;0*GQ#-56=XF]E&V/IQ%])H(8\U,-0DB_"9+W1<)^SNGH M-:,\C2N?Y<\0A@,Q:S__]!/OX^*=3Q:V9K\N(X,E4`L$\.2-433#\X1;E`9G MW\7"ED.A3B%%.3NS4A`9MYN3M%+Z5$H#D8H%R$."DT!0-OI8BD283'\INZP\ ME9\B)N6?PA+)<%L*1S:NJFY]<\/4NMY^D\/5^Q+NRY!?;`.#,S584=FOH\T& M9&28!HG[,K%?9W%T$T`VLL1H'Y!K%RP7?6LBN;R*(R7!6F)E/OQZ#41+" M_R;G5WBSJ6#VK1.?@S&+3IP2_(<*+5_#B*TTT^2]L!R]`19E?;LQC7)`"3+5JJR^6"5.*=?K'&8H M>[1:CDQQ#^G7B2HD7]\6;X,Z%E!+H>B2"`+>69E.[)HQM:O^5J[N$;/4$*QU M&@?7I=;K?T&UL550)``/8?JY5V'ZN575X"P`!!"4.```$.0$``.5=W7?;-K)_ M[IZS_X-O]R%/CNTDW=OT-'1F^]1#DY"$6PI4`=*)^M=?@!\2 M*0$@2($"H7W)AST`9^8'#&:`P>#'?WU=!U_>M__OZW'__K^OIJ!,)>X.*87%U?P0$,P-4LAA'(^[CZ MY^LW;]]>75\S^@"B/WY@?SR[!%S1+R'RX=M5%&U^N+GY\N7+ZZ_/.'@=XN7- MF]O;MS9]X*K-UKB$CD(B]K2.`/ M)/GY8^BY$1.K^I-70@KVO^N<[)K]Z/KNS?7;N]=?B5]@=`&#TF?<342V)`)K M\MH+U[2KN^]NW[V]+;1@?=94QE&33!UW[]^_OTE^6Z2FW?G1CKS8^W^;O2`; M#`@E2W[^2']0^BSX&@'D`S__,).@!5$9-QD[0>@5.7@5L&$#558A]@%.S?!;]S['+ M+/]LNWX.`X[BR[^W3.,'PO%5_>9J M4[9[E!WL!D/JN'S]&6R%*^@AG66J%PC+A^"?YX*@%V,FZ``2SPU^`RX6VQPA MJ65`B$7F8_'?9YX.X7H=HED4>G_,5E1X,HXC%LXP;T`\-V2-+,-'10U\I+X_ M+U*3^#F`WB`(W<,XA4]C)0XE(?EJ?W]>M;-M'-RC$W898O%J4::R4O4'@@JB MK=LSFZ?4>D[!)L01"U"H(F,B-DQ\0H$%2)PMMBXSEL;]:E@4::U&HR2T`(]=`/[CS9&0C_0' MFHXU>B&-0A$!_KT;L..2V0J`B#0]R!#T=KZC"P$#IXSKA4N>DR$2D^NEZV[2 MP0V"B.0_.1SEV8]_=PBA'Q<<8PB(3IJ"I[*:.3=*'!_2&IJ0(3>H9!`/PI>`$H/MRSXE%T78%< MJ5HZ^]%D,50L1>?U+I!,?!IT1:58`$KF/Z9R"[E,6(S"R`T22K.8C4+DU3#T M'/).(%D-(4]0C?.(;X\^@^<9C,`(1./%F]OO;Y^0&_OT!SYU%]G_'8]Z@G'@ MLI^LV1["7XGJIH!L@!?!%Q`<[F?IZK43J(D'7V[ZM"BP@ZOZ!M+I#_\"?B]< M;^((X%FXB+Y0M5%)A>N]M)$%@*J*W]'E;2^H4L]6QA!0*@]3X[V5F%`Y2']/V,8;2M<$N7FG<=671$MY<)HP5!MQT#2 MP#!.=8>C`,'N[RI0KRF,440F[M9]#@`5=ARM`*8_QC$U'D>BB"QGW6ZZ@Z]* MY%=;29W#N;_>!.$6@"E(/&1E8*O;686D@AHZYW+V0O0":#Q#1]XHC$`^"D6Q M@8#:*IB$(K>4@ML<'`5$[(5!1?<&_8T&B]2%K$;UEIU&.;O\7:S'T$4#ROL# MQ,`KM"EL21V16*%#J=+&576L[<)`)*D[!M3G+EQ1.Q>4%O+X96@< MD5D%Q;&0G8LP'=^'*3<3%_I#E)W*B-QH`;55J`A%[IS5>@`O(`@W+$MP%KE+ MT$<1P!L,"7@`"^C!J'#P^1!CB):'+00X:NC8*LAU*+)S,?"Q"I3]#[O0XPDJ M#G>M\R>KG+"&YUZF,=84.@A4(IZ-)^)O(K=ZDBAS!2+HN8'F3.N#ODWG71^P M8]!RSK&+"!U_5/HR5P^0>$%(8JH>E<"N5C_=2S42Y$[53S\2==2%I:8)UHJY M2D+]M9[F7&#J,W@F,%+$LEY;F^&KJ:7.!6?E4)Y*/L;LLW(WXENTQC>&I*-+9+E8\%JKU*+Y_'X9_S-S@*!ODX)<=5UU1 MC,[%T3GS%7.DRSH^%N6";@#U0A*-%Q_#T">S,/`K3)J(V@+TA(+J.\X`F("& M8`HM?<(D[92;]%G^O6$0*D92P=`79>I@=DQ)#+6)8('NA?)=4'K@1QP2,L'A M`HH,6)'"`J-5$NB"SMTS%QXM^U\WS+^OS<(N3X_Q>3*"E1%V*%LV$QO4W`2*3N7%PS7BR@1QT^ M=B9-!9.!PR6U"1>^K)T[T?L($!4J<)#O^&N(DG=Q6`6:3$211U#1RB:@*C70 MN<.[1["4+C3[W]N$0T&JSAVK'0FBZG)9A0!'2K&O9:_[/$1>N`:/-$BH0K%` M:9/+7!3P@BXB)H4L4ME8W6+%($C>R`98*\1NZ0V1YC@-V64%0"*Y"W%(9=I0 M*@VN(BY'8G8N($ID.K`*&;?B@GT5C:R#J4H)%[231^6I7-O*-!:8OP.AQ$_W M6`=7W\6(#DF2IY/=NP1Z=%0_P"".A#D_5:TL@+12\+:>"&J.U6<`ERN6@/U" M#9](;\WE=UW%CVC7:&SLTFNFS;FD[-8!D<&'8>JC4;[X M6A:VCB7-,KR=H]0/:IO'(\CNBL@^-8TLX=H0F*@4B1D;>Q#:4* M#73NA*U8JB-=0OD5.^00UNO$.DQKZJAS1W('@CZ$:Q>*CK;YM+9!)I"X.[(3P]SM+0:2,ZYN#*8Q]Y&M.D=\YNNFM2AKO@R@*$FG'B\,W M!*+;-[>"6^&G]M9IB$]6E49?E`_D"$3L6&00XOD*L`>2^VP3\']=%+MX^_:. MT7,`4VG5>6"41-?H)RH`,,DG*_"=#8;!VUM&OWO\K0J)JN9V05*IC`I/T<26 MOTM6@R#\HO<.\+Y7TYOY.T:,'4\S%B8X?(%4NOOM$V'F='O*< MG@8=F3N15^24W?""**8_V]_4UJ8&:>>&S4KS47&0):!%T9W;?4WO,4D2.@H$ MUB"I,M@/+Y_D2N@<0OL+&&0>3H$7(@\&H)2V,@_U&+Y6/G6QHZ8=8#IW(O`` M*&H>3/1!_QV`!#RD4AU3J:GA\='F]"J7W%918^>L#]4"!BZK"Y[^79`[.QBI ML"DU.KA82U%'B:W']#DS0_2$GF$0`%](7@#1L6;G;EDC[=/7,P2Z)_%54\E M3;J)K,*@+M>!E"FE(.$^Z07FQ4_.D-26[QYM-FAGL!GFVW1`M0KQ.,:QXG5.Q]44,$655 M:7SN1_0L)17&A3XKGRJI-,"A,IV06V^T[1^8Y,C;N0`\KZ[%.!47JSJD,EDY M03R,>%7#=G)U4/,LKV;N?F51G%SY1X0VZ/]8NHKSAG8ST?>C2/L^7A2YE0X_Q'N.EB[+L+/8:4AA`W\TRMR8%Z<:++%YU M@WU*?#Y.[CCV7E/'IC8YW(AJO?CJEV@SXYC0X!S6BV9I$X.C$'T'3P<;ENN.GT7PX^C@9/PY[P[X&(Z+X'1.&19$U M/<8FRTVB/NZ$CDROX.'R+(B,VE1\`I<(+J#GHNB8NSG%Y9Y^_`]1>*+6V*#Y M4,"G%((H:L-Z._%Q3.=";SSJ]:=U>=^G1X,F@)%Q,I9*35T8[UAH&OCK_WI?'C_V!^-Y_V)\YM#_WFZ M61#T:\(H"%C1538%O0`

<`L"2'_(J"9--8WL#4ZA^BY1S@-4O;J5SVN;0F MM_F4,"BM]GQQK9_-;'S/M,WA4F]&M@B+#.B9KPQQR>PL_=K8Y=WG2'TA%E$; MG(\\'9>OU0H$M'[^]<:?/@WGG_JC^8Q&FW3A83M._9&>+3=9YV;653$_^FJ2 MP>2>-\L<2&XG+0'RQ+GRBHT,5DU..2.'K*G/]YJ=&%V65=$[++A<1TG6VXS9 M3\ZT_]/X\:$_G3WT!\/><*YA>Y[3J9&]>`X?>FQ#6FM6MME^2&&LV.SAJPG, M256?\.KM#K!^3@]'=''LSYU_ZUCWBYV9F,/%[VN[29\G7$@6 M:*^:_]7YL#J.!`_Z-',T?K.T25\VPMU0:YTKL_)$P'C1 M)Q%2D2F?&[WB17"FDO/5"4C&'55K:B*N2 M1O@X?F]R_J9[,+V5BY=`<5&M:&0C>E5ZX`/WWN`-V?6&+AG)`V"8AE:;D+C! M>,'RS![A"_`=0H"JC]2H*QM!;J8SP0;%;0=N1ROB*R*W$D.A[`*<-.PUF\B7 M3\K-LZI"0%X1LNG M$D"UP@+LPL9F_RLK,0^D[JU*2QM!5-*(`$B#>T?)(ZCW+J&>7>&!@/$F"[KH M:D*EH(O_)'"1/&YITI.-0#?2F`!X@]M,C'D,5I1_RFOJ--0YF%-N;B/$ZKH1 MX&IPPZGO8D3%)/D#QVIP5K6R$<5*30C`,[AK-,$PQ&DE3NK,!2XAB>2)IG=/ MK#T`XF&8L"U`LW8W-L);7U<"O`WN+LW`DG$Y!1NVMUDO-4*MK8W(*FI%`*?! M/:<1^%*0%(>(_M,#A0,*-61K=V,CR/5U)4B%N#UW";C=#DOFW-\#!!8P.$'KN0(-\(_]+"'MY+FQ@U%2EV:JD&:^[5QZ2W<,'$+DP:+[^2#L]XV(CY4-7[0'>-Z35"*0- M-!6[9C5OZ:"(D<]&VP-U@PF,#E,M)81&*PVH:#2OT1JTB05M_87R,`*NN M&PEWMK;-FP10'@J8]68-18U5I MS.05%*,ENT>WQ@O*R!2L7<@V)5,.R/C+`8>(_IL`9XE!&@H/R1.KFD@7/71W M>YOT0:4@D8M\VLN]&U#U@.3'?)5QAH-YGJP96.95596>W*Z#*2K6>J*+6=7M M^9S,*D[:+4J;?:5!;=K#EAI?6>$Y1.G/.UA`5J#!XBLJ0F_HS'E/?(T70TOV MFAY'^4?$Z3@J'/H8TD.>NA$07Z_!B\3NN.E(960J1@`]6U MT_K>4LJ-/UY08P%P,4=,"`V7V%XD^+*WON3OHC'97.`0V:AHGJRMK_O[0)=M MW":?+PJ0[<&X*!JB*2`;X-&H.7F!DB07OI+8>`;P"QT;/'=,:_#0%(V*$U!3L=36PWJFYQ^XIN-)F+(2%T+7#0 M$R+`B]G=P3(SO`R-JB:=*VJOAD@^PZM5TKI[6MMO?:6XU=36:W[4:E,;-&>8+I6#UGU73=(W;D\5YW]@GD!]UOVTQA[ M*Y?0-D-$*=@%$_&\/+5?R\'6I-SVCP;34"FW(F,D6!+Y=):#)!!>8RT>42II M^L$L86R,%%R2JB:60U&MDHJ:.NT&$HP%D@EV8OC`Z^I\00/OZWH&-:=G240@ MH]:VOB5![!1X@)6-N-]^=K?CQ<[GG:U"'+''GEBR$L\YJ=?>X/Q3T/Q^6:JE MD];#@'S:#T)<^C;/KQ#3VJ%[B:QG.8?$Q96NQ('@4%+2P`Z-5TG=NHOM)+<^ MV0,7R0[<@H9F>5*.('=G-L'@!88Q.6BU:Y$ZC!/78]>=2D3<)*MS?M^207%> M3%KWX%EN6!9#9/S.PXP5R!_="$:+V8@BH+"-)9Z=/*6=H"@K`>-52D%F3B[3XX763:I M$`,QK1U:E\BJL6JDX+Y(GJF;75G.6;[?.LRA$>I5=^FJ_=?,7Y"D)V1L0KZ'G>5/,-7C1Z;U!\'I0R. MM@&IV/UMU^HDXJ3\LQ*&)UH:06_GLRX"!C3%7^7.94^T"2BU[441EOB'ENG0 MI&-P$$>L4`\=<,S[([QIKM#(9&4IN6[WNU#5DK=_FI+F=9%=\<\"\US55S3H MOMJK)&X_`RK]U$_N"[@'`*7\/%%;@>)7'K*WD613$V*J+O0RJ;[`=7RM9U6YY-A7BUTG`4:0W'ZH+! MP;<8)1G/9BX*7U6P%3SJ;NM8*N+T`XF54]4ZM+],C$&7?14M6)HV<\LVS*HJ:@MN[G9>>>C?O2M/07OQ5%&#['$0VFJDN\\^F[\=). M,U1R?Z!"(YUS#HX6I9(WTW,QWBY"_,7%1Y4.FO1@.\*-M-:Y);VYQ]=AEZY] MC-7=-8-O!Q]Q72@/2Y6ABNM!JXO%]%`[&N^UZ<&SMCG^#["^]8WMF4JZSY[N M9_U?GOJC>?]7EG'+R5U@SQO%;M#8OU;_PAD]:G6F-/G0\3,!?\94I/X+2S0M M%0*4N,LJS;3E#*:U".9?PEUR_*X@05*'@&7(.Z,0%:L0? M:-A,7:UO;K+:8^P5N_)%(!Y.?$+;7"WR1RM+'A2T<`R2*K$;[U0PG],/:`FZ&@I#*2S MGL)E56UM`DG3*JT*)=&RW[`_GET"Z$_^'U!+`P04````"`!(:O5&%<>3X9(. M``#%A```$0`<`&%P=',M,C`Q-3`T,S`N>'-D550)``/8?JY5V'ZN575X"P`! M!"4.```$.0$``.T=77,:.?)YK^K^@RX/Q]X#!NPD&^?LW1IC2+BS&1;P9O.T M)68$J#)H6$GCA/WUU])\?P*)=ZVZXLG,J+O5K9;Z2]+XZJZZ2!0&]$A]0B: M!522F`9Z?79^<8':;04OG#798`1=,''=6DNY?=OI?/[\^>SSQ9G/5YWS;K?7 M^?7^;J;A6B'@VT"T5QAO$X0E%@L-'C4`6N]EN]MK7_1BE"7U=5]>=&-PE]`$_,N">V>".&=G1K0DH M4'-EGG@DZ:M.V!B#LF"3HYG`NI)WY&Y+.@!!.'5:2&*^(G*,-T1LL4..$;7$ M>I:EBXYJ7F!!0.L>V1`FAS[?W)(E#CR0XO<`>W1)B9L5CS:0HTQ(S!P@AZ7D M=!%(DB,8L)0D3)#OKC!COL02)HYZA.?MEK*EKQ^^NU+K3E97K]0@]&.A^"W+2=GP'<,PGT/T&IY5\T=0!$P"IJCN[3C MF`3F3HE*:2X`$7]+N*1$)./[HO,T(KED>:Q(@$(9-54@#R^.%0A0B&>B+`[V MCI4%4)S`^Y.GFZ(Q!QF0^O$P'>7HU=B/D#WJ\M_Z]OW]:'X_&,]GUOBV;X_G MH_&[P;@_&LQNB<34$R\0=:]?'`@;,A9QEL[-'[O=[OG++CB5&:P^;8K@=X8> M`H(H1Q%]']'\UU6G2"W;22"(:[,?]>_B^HXP(Y`ZK/P2.@RGH-D*I.A5K)VG MT]@M%8[GBX"3L3T?S";61^OF;I!JJ::]03.]-"J*<$\*J%.`-7^8 M#NRA/1E,K?G('L\JU5"&:E!&]X>R,C0!9`]12N*DDYQ.9@\WL\'/#V!*!K\H M>S*?6N.9U==#%=F1.?DB(3Q)-70$3H.^+KI%LY;212%AE*6.X5S>_1C.8X?,$G9:N)[ MU(&4*_Y;I:,&Z"8]E<.[E!"**:#OXU^GU50(]*3O?+*WJNN)AUG)VM6T-QFY M5Z4`3M%`(1&DJ)QL6YT3\IE+&/1T@SU5&9RM"9%B@CE(OB:2`FM93W0(=%-J M=%%R1S%%%)%$(4V4)WK26K76DJ$4]K*/Q7KH^9^K]%4-UZ2IFGZTA[/1N_%H..I;X[G5[]L/NB8ZL>]&JBI: M%8@EH"0BJHI.&;(HI8MBPB>-UF7%#"#(''\9?-FJ]7)#&(@B+3'T M/67PYGCA58>6!V(VA9EEC89$$5!%$5D4T4660!%E]'U(^Q3H%+1*EH1SX@XI M@S`#0O6^+Z0H19_-8$WZNBQ:V9@42F@A3>P4BQY@2O.%W6JC68!I4L[K"O-8 MJ/&>E)%7AN\$:B+'?RWF#B#%E;L16_I\HWG*J.40Z";_%18_(NSL3\Q<%))" M&5HG91V0Q>W+VQH5,0J",F1PI,'LY)C)V!>"ZK8TJ%8U$ M$@J4"R!?2Z&I1/*F5"))>T%4=:,2`$8DO"FQ."B8M.MX4S;25V%LX=5 MNYP5QPZ;P)I653D*K=D2/1F_O2NJSKI5+:=:V*:4X;*TEAILX$E-^S<+;'#P MFIM]6SH9P"8%E<_OUFP$I/1.:JI9375GUZI64RULDV?JEE93_0FWDY;J"HGO MK>G@O7UW.YC.;@?#47\TKZPE5H`UZ>9EN9R8H1#OEX6$_G]T<]7)7/^!A]S= MH"NZV?I>?NB=_9%N"W$*B]3U=QFZAS+ M0/$*E^K^4G7?>WU0]Z4K8-_`@<_&W\J$S]I?S4CFYIMBX%5=UY57Y7*]E7$: M;P;6,*?[J43L$$^*^$T[)15RO(>5QFN$3:P4<=2/FLZC*WH(+X3DV)'7+)G?5^II>_JO05(2-U5G4\M,V`E`&0J`\7(.^X'VQA0U>A:*/P= MYOUS3<8-0D_=4F:MM:3>;TTU>"MB+=3P=>LPV+QX3>)L?`9A.-]]@T#AJI9Q MTR(L-E^W'$Y<*E,Q[WS,AMS?W%).'.GS6*3R>R/8=\DBRWT?;ZG$'OV#N!_( M0@`URP%5**-,7&L#DYC^$>DU%.L(!*-FHSH>-,'4'?J\./DJFXQBWN8KS*)Q M5?4_WZ-NN#:8.\EX:WL9[?%B+PVD8YEZL;Q/1P"D4:+=DH4L6?_<.Z/8'?P>@#B^1Z.HP8*,$/.@@H+I'>N/YSJ=:JW$DME%# M4#0JX8FA'-:^(K&F$.X9X%&\6&)O&4W%?S!&;B M%^SI"1`._!XH<\9?37Z?-0Q^#N`Y^8X8">EJ%F&UVH%48.K(4'8Y-\.9,'\R MPUHW>2I!C#(_V8.<\3?8W+HXH0;H+RUHIB(T5S0A)(?NK7OP!6MO-P,HOIL0 MKI^C4W*@(NH2EHAY%(K!0KOV$M(2PF'VJ3`]5[=M@C!J8E9>+PSK+='-OU(0 M<`3&7V@%JR.G41VK&`AOXZ$D5,7('MV`C"IA8`][\";X([P@`X)C^X_G1O/\1+J`-:= M)+!2I"7!4$XA\X()9S%@H5>3G!R`9Z(*;;DF?,3@+3A!1@0(8*U6G*R`]0]4 MKJ$O(2;<=PAQ1;+7/?3.S98^V*>,X2UBW9^H*J;^!:+$S1YK[E@,/AI-?MZF0[ M$XA'.Z9@G/\(^`.C:F#T>?Y>;M'_V5V9Y>1#1K64V1)-K[PWNQ?P.2?)E,"4 M?831";4':AH&4MV[!ITH(R)Z:5%J/^2S3W?7@N6GUA[,G$P!0O0*[JD6ZCDE MB+AXCQ_)#2$L9/4!3"\$\%2H(DJZ`WX(J!$^J'C:)(I[8M]ILVSP4--HA"`% M9_K`%L`'<:?DD;`T?RZ]-B-D+6I!U54#3]4:"_Q7-)@IP>#&]S]!IDN22"7[ MQ@R>:Q.%FLG3`&"&0$4EV(RD$V9(^>8]%E.R#,`0N3I64GD-9CL[@-3N9;?; M#:_<)E;L:]'-'`T+F-_B79C(JI2`;#!E:K]"LRWLSP6Q&/P6Q()H.CR:-!(/ M:K=.`E8<&V5JA]%MO\K,://SX@9&BHLP%1B%;;K$9`+,1R@C1BJ5QH2H.2?X(]C8QU#7V?#;AY)'Z@2A@)1AAU6*"'74* M*`>4NI"_M%,3QUWYT*BX$XDX]R/NBZ-U$*@1,I9M.\!Y7JK7>-M(I%:]'L)( MD5)KYJ\8%<1]!V&,O4QW&?)!Z,'@1@J;W3N)XK*\>`T`1@J4!)>%G:";G:5, M=%ZX`X&-%-3:REEX^1+2OMCU6JZK;R!B+W%,-S[G^M138IJ/1S1B``KF]0-9 MS(#$F,#$/.^^Z3XP'(`,^L2$>JZYE1,%T2"SMXM'Y$E(&9FQ@$AWOA#A'OY' M@OE`Y<;_P2R`_B]ZZL9N$JL>`FJ^D.$7@#3OUI93[Z*K.$\T6BGM7AP3Y[^Z MM)5N-X4/1O!9NA](\8)Z5/W?M;D/H4!R/[#TWDCV,XM?S9@TE,P445=JY&BW'#JKHB*+Y+EFWME)-,33A]A MIH>'BB8>=C1WR?C7M!JY'I+$LW0,KJK%2!%*^UR%&D55XS.>K(A9`6^;JY?T MBI6_"@`#V(Z/Y43'=G2U^X'IC#U44$F.0S#,G%@-:8"ZRP]RO-?N0E>>:^JX MWTC$J")OYD!VU=6+4I-1S*&E+.P1JKPDJZ`9J6R+\.^QGC!W6DUUX68X)$H)K6PW6W#9[V>L\X MV"R44[[%.SV8U;':/BBCEE;UK=##[HZ:9O:+]1^?:?;N\"+]YE+AI6+\JA-^ M50M^_@]02P$"'@,4````"`!(:O5&*F+BYAQ?``"HOP(`$0`8```````!```` MI($`````87!T`L``00E#@``!#D! M``!02P$"'@,4````"`!(:O5&2GSA'D,$``#[(P``%0`8```````!````I(%G M7P``87!T&UL550%``/8?JY5=7@+``$$)0X```0Y M`0``4$L!`AX#%`````@`2&KU1I+A"8;7!@``)D```!4`&````````0```*2! M^6,``&%P=',M,C`Q-3`T,S!?9&5F+GAM;%54!0`#V'ZN575X"P`!!"4.```$ M.0$``%!+`0(>`Q0````(`$AJ]48"$C`96#H``/-V`@`5`!@```````$```"D M@1]K``!A<'1S+3(P,34P-#,P7VQA8BYX;6Q55`4``]A^KE5U>`L``00E#@`` M!#D!``!02P$"'@,4````"`!(:O5&*%:;N]D:``!HC`$`%0`8```````!```` MI('&I0``87!T&UL550%``/8?JY5=7@+``$$)0X` M``0Y`0``4$L!`AX#%`````@`2&KU1A7'D^&2#@``Q80``!$`&````````0`` M`*2![L```&%P=',M,C`Q-3`T,S`N>'-D550%``/8?JY5=7@+``$$)0X```0Y 9`0``4$L%!@`````&``8`&@(``,O/```````` ` end XML 47 R20.htm IDEA: XBRL DOCUMENT v3.2.0.727
GOING CONCERN AND LIQUIDITY (Details )
Apr. 30, 2015
USD ($)
GOING CONCERN AND LIQUIDITY DETAILS  
Cash $ 2,163
Liabilities, Total 216,695
Accumulated losses 321,890
Shareholders' deficit $ 208,390