10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUAN T TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2014

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _______

Commission File Number: 333-190999

APPYEA, INC.

(Exact Name of Registrant as Specified in its Charter)

South Dakota	46-1496846
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

777 Main Street, Suite 600, Fort Worth, Texas 76102

(Address of Principal Executive Offices)  (Zip Code)

Registrant's telephone number including area code:  (817) 887-8142

N/A

Former name, former address, and former fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).Yes [X]     No [  ]

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

Larger accelerated filer[   ]Accelerated filer[   ]

Non-accelerated filer [   ]Smaller reporting company[X]

Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [  ]     No [X]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 34,535,660 shares outstanding as of November 18, 2014.

APPYEA, INC.

Index

		Page
Part I – FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Condensed Balance Sheets as of September 30, 2014 (unaudited) and June 30, 2014 (audited)	3
	Condensed Statements of Operations for the three months ended September 30, 2014 and 2013 (unaudited)	4
	Condensed Statements of Cash Flows for the three months ended September 30, 2014 and 2013 (unaudited)	5
	Notes to Condensed Financial Statements (unaudited)	6
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosure About Market Risk	13
Item 4.	Controls and Procedures	13
Part II - OTHER INFORMATION
Item 1.	Legal Proceedings	14
Item 1A.	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3.	Defaults Upon Senior Securities	14
Item 4.	Mine Safety Disclosures	14
Item 5.	Other Information	14
Item 6.	Exhibits	14
SIGNATURES		15

PART I. FINANCIAL INFORMATION

Item 1.  Financial Statements

APPYEA, INC.

CONDENSED BALANCE SHEETS

	September 30,			June 30,
	2014			2014
	(unaudited)			(audited)
ASSETS
Current Assets
Cash and cash equivalents	$	4,787		$	4,404
Accounts receivable		33			11
Total current assets		4,820			4,415
Fixed assets (net of accumulated depreciation of $66,426 and $55,811, respectively)		61,749			72,364
Total assets	$	66,569		$	76,779
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	976		$	422
Accruals		4,678			4,037
Convertible loans - related parties		24,000			26,000
Total current liabilities		29,654			30,459
Total liabilities		29,654			30,459
Commitments and contingencies (note 6)
Stockholders' equity:
Convertible preferred stock, $0.0001 par value, 5,000,000 shares authorized,
5,000,000 shares issued and outstanding at September 30, 2014 (unaudited) and June 30, 2014, respectively		500			500
Common stock, $0.0001 par value, 750,000,000 shares authorized, 34,535,660 and 34,512,660
shares issued and outstanding at September 30, 2014 (unaudited) and June 30, 2014, respectively		3,453			3,451
Additional paid-in capital		179,469			162,221
Accumulated deficit		(146,507	)		(119,852	)
Total stockholders' equity		36,915			46,320
Total Liabilities and Stockholders' Equity	$	66,569		$	76,779

See accompanying notes to condensed unaudited financial statements.

3

APPYEA, INC.

CONDENSED STATEMENTS OF OPERATIONS

(unaudited)

	Three Months Ended			Three Months Ended
	September 30, 2014			September 30, 2013
Revenue	$	1,329		$	2,762
Operating costs:
Sales and marketing		2,483			75
Legal and professional fees		9,343			7,000
General and administrative		4,902			1,250
Depreciation		10,615			10,292
Total operating costs		27,343			18,617
Loss from operations		(26,014	)		(15,855	)
Other expense
Interest expense, net		(641	)		(1,186	)
Net loss	$	(26,655	)	$	(17,041	)
Loss per share, basic and diluted	$	*0.00		$	*0.00
Weighted average number of shares outstanding, basic and diluted		34,512,910			2,299,444

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

See accompanying notes to condensed unaudited financial statements.

4

APPYEA, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(unaudited)

	Three Months Ended			Three Months Ended
	September 30, 2014			September 30, 2013
CASH FLOWS PROVIDED BY  (USED IN) OPERATING ACTIVITIES
Net loss	$	(26,655	)	$	(17,041	)
Adjustments to reconcile net loss to net cash provided by (used in)
operating activities:
Depreciation expense		10,615			10,292
Changes in operating assets and liabilities:
Accounts receivable		(22	)		859
Prepaid expenses		—			74
Accounts payable		554			(5,411	)
Accruals		641			1,189
Net cash provided by (used in)  operating activities		(14,867	)		(10,038	)
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchase of mobile application software		—			(4,000	)
Net cash used in investing activities		—			(4,000	)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
Issuance of common stock for cash		17,250			—
Deferred financing costs expensed (incurred)		—			(1,398	)
Repayment of convertible notes payable		(2,000	)		(1,500	)
Net cash provided by financing activities		15,250			(2,898	)
Net change in cash and cash equivalents		383			(16,936	)
Cash and cash equivalents at beginning of period		4,404			31,150
Cash and cash equivalents at end of period	$	4,787		$	14,214
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid  for :
Interest	$	—		$	—
Income taxes	$	—		$	—

See accompanying notes to condensed unaudited financial statements.

5

AppYea, Inc.

NOTES TO INTERIM CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTH PERIODS ENDED SEPTEMBER 30, 2014 AND 2013

(UNAUDITED)

1. NATURE OF OPERATIONS

AppYea, Inc. ("AppYea", "the Company", "we" or "us") was incorporated in the State of South Dakota on November 26, 2012 to engage in the acquisition, purchase, maintenance and creation of mobile software applications. The Company has no significant revenues and a limited operating history.

The Company's common stock was approved for quotation on the OTC Markets (www.otcmarkets.com) on September 18, 2014, under the symbol "APYP". 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company's fiscal year end is June 30. The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting and are presented in US dollars. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of September 30, 2014 and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended June 30, 2014, included in its Annual Report on Form 10-K filed on October 14, 2014.

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.

Cash and Cash Equivalents

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

Fixed Assets

The Company's fixed assets represent mobile applications that is has purchased and upgrades that it has made to these applications. These mobile applications and any upgrades are being amortized over their useful lives of 3 years.

Deferred Costs

Offering costs with respect to issue of common stock, warrants or options by the Company are initially deferred and ultimately offset against the proceeds from these equity transactions if successful or expensed if the proposed equity transaction is unsuccessful.

6

Financial Instruments 

Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.  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.

FASB 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 that reflect a reporting entity's own assumptions about the assumptions that market participants would use in 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 carrying values of cash, accounts receivable, accounts payable, accruals and convertible notes payable approximate their fair value due to the short-term maturities of these instruments.

Revenue Recognition

The Company generates it revenue from the sale of its mobile software applications through online mobile applications stores. Revenue is recognized in accordance with Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition", when the following criteria are met: persuasive evidence of an arrangement exists, delivery of the product has occurred, the fee is fixed or determinable, and collectability is probable. The Company has no remaining obligation to customers after the date on which its customers purchase its mobile software applications.

Research and Development Costs

Costs incurred in research and development activities are expensed as incurred.

Advertising cost

Advertising costs were expensed as incurred. Advertising costs of $2,483 and $75 were incurred during the quarters ended September 30, 2014 and 2013, respectively.

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 the Company's Inception there have been no differences between its comprehensive loss and net loss.

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 September 30, 2014 and June 30, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.

7

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. During the quarter ended September 30, 2014 and 2013, there were shares of convertible preferred stock outstanding and conversion privileges attached to convertible promissory notes payable.  The common share equivalents of these securities have not been included in the calculations of loss per share because such inclusions would have an anti-dilutive effect as the Company has incurred losses during the three month periods ended September 30, 2014 and 2013.

Business Segments

The Company believes that its activities for the periods presented herein comprised a single segment. 

Recent Accounting Pronouncements

In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915.  The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.

Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements except No. 2014-10, will not have a material effect on the Company's financial statements.

3. GOING CONCERN AND LIQUIDITY

At September 30, 2014, the Company had cash of $4,787 and current liabilities of $29,654 and has incurred losses of $146,507 since Inception (November 26, 2012).

The Company anticipates future losses in its business.

In our financial statements for the period Inception (November 26, 2012) to June 30, 2014, the Report of the Independent Registered Public Accounting Firm included an explanatory paragraph that describes substantial doubt about our ability to continue as a going concern.

The Company's 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. There is no assurance that this series of events will be satisfactorily completed.

8

4. FIXED ASSETS

As at September 30, 2014 and June 30, 2014, the balance of fixed assets represented mobile application software as follows:

	September 30,			June 30,
	2014			2014
Cost	$	128,175		$	128,175
Accumulated depreciation		(66,426	)		(55,811	)
Net book value	$	61,749		$	72,364

Depreciation expense for the period ended September 30, 2014 and 2013 was $10,615 and $10,292, respectively.

5. CONVERTIBLE LOANS – RELATED PARTIES

During the three months ended September 30, 2014, the Company repaid $2,000 to the related parties in cash and accrued interest of $641 on the outstanding balance of convertible loans. As at September 30, 2014 and June 30, 2014, the Company had convertible loans outstanding of $24,000 and $26,000, respectively.

6. COMMITMENTS AND CONTINGENCIES

Leases and Long term Contracts

The Company has not entered into any long term leases, contracts or commitments.

Legal

To the best of the Company's knowledge and belief, no legal proceedings are currently pending or threatened.

7. SHAREHOLDERS' EQUITY

Convertible Preferred Stock

The Company is authorized to issue 5,000,000 shares of convertible preferred stock at a par value of $0.0001.

A convertible preferred share is convertible into 100 shares of common stock and has the voting rights of 1,000 share of common stock.

As at September 30, 2014 and June 30, 2014, 5,000,000 shares of the Company's convertible preferred stock were issued and outstanding.

Common Stock

The Company is authorized to issue 750,000,000 shares of common stock at a par value of $0.0001.

During the quarter ended September 2014, the Company issued 20,000 shares of common stock, at $0.75 per share, to an investor for cash consideration of $15,000; and 3,000 shares of common stock, at $0.75 per share, to a second investor for cash consideration of $2,250.

As at September 30, 2014 and June 30, 2014, 34,535,660 and 34,512,660 shares of the Company's common stock were issued and outstanding, respectively.

9

8. RELATED PARTY TRANSACTIONS

The President of the Company provides management and office premises to the Company for no compensation.

9. INCOME TAXES

The Company follows 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 at 34% consists of the following for the periods ending:

	Quarter ended			Quarter ended
	September 30,			September 30,
	2014			2013
Federal income tax benefit attributed to:
Net operating loss	$	9,063		$	5,794
Valuation		(9,063	)		(5,794	)
Net benefit	$	—		$	—

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

	September 30,			June 30,
	2014			2014
Deferred tax attributed:
Net operating loss carryover	$	49,812		$	40,750
Less: change in valuation allowance		(49,812	)		(40,750	)
Net deferred tax asset	$	—		$	—

At September 30, 2014 the Company had an unused net operating loss carry-forward approximating $146,507 that is available to offset future taxable income; the loss carry-forward will start to expire in 2033.

10. SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date of the issuance of these interim condensed financial statements and the Company did not have any material recognizable subsequent events.

10

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operation

Introduction

The following discussion and analysis was prepared to supplement information contained in the accompanying financial statements and is intended to provide certain details regarding the Company's financial condition as of September 30, 2014, and the results of operations for the three months ended September 30, 2014.  It should be read in conjunction with the unaudited financial statements and notes thereto contained in this report as well as the audited financial statements included in the Company's Annual Report on Form 10-K for the fiscal years ended June 30, 2014 and June 30, 2013.

Overview

AppYea, Inc. ("AppYea," "we," "our," "us," or the "Company") was incorporated in the State of South Dakota on November 26, 2012. We are engaged in the acquisition, purchase, maintenance and creation of mobile software applications (or "apps"). The Company's current business plans include the marketing of its mobile applications, as well the expansion of its mobile application portfolio through the acquisition of third party developed mobile applications and/or mobile applications development companies. The Company has derived revenue by way of the sale of its developed and acquired mobile applications as well as through advertisement integration. The Company currently uses advertising integration in the free versions of our mobile applications that are downloaded by consumers. The Company plans to continue using advertisement integration in the free versions of its mobile apps. However, at the time of the initial download, or at any time after the initial download of our application, the consumer can choose to pay for the full, "ad-free," version of the application, at which time the advertisements are removed. We currently have 13 fully developed gaming applications, as well as a group of 14 applications that provide wait times at various amusement parks, and 23 additional source code applications that operate in the following categories: Business, Education, Entertainment, Finance, Lifestyle, Medical, Music, Navigation, News, Travel, Utilities and Wellness.

The Company is currently focused on the sale of its fully developed applications to mobile phone users, and finalizing the development of its source code applications.

The Company is currently actively seeking acquisitions of developed mobile applications and/or mobile applications development companies, however, we currently do not have any proposals or arrangements to enter into any acquisition or other business combinations.

Results of Operations

We generated revenue of $1,329 and $2,762 for the three months ended September 30, 2014 and 2013, respectively. For the three months ended September 30, 2014, we had a smaller mobile apps offering than in the corresponding period during the prior year. During our limited history, we have generated nominal revenue and have very little operating history upon which to evaluate our business.

Operating expenses, which consisted of sales and marketing costs, legal and professional fees, general and administrative expenses, and depreciation expense, were $27,343 and $18,617, for the three months ended September 30, 2014 and 2013, respectively. Operating expense increases during the three months ended September 30, 2014 were primarily the result of increased sales and marketing fees as well as the costs associated with managing and maintain our public financial reporting requirements.

As a result of the foregoing, we incurred losses of $26,655 and $17,041 during the three months ended September 30, 2014 and 2013, respectively.

Our activities have been entirely directed at the development of our internal apps, the acquisition of third party apps, and the sourcing of capital to fund these activities.

11

Liquidity and Capital Resources

As of September 30, 2014, we had cash or cash equivalents of $4,787.

Net cash used in operating activities was $14,867 for the three months ended September 30, 2014 and $10,038 for the three months ended September 30, 2013. The increase in the cash used in operating activities in the three months ended September 30, 2014 as opposed to the three months ended September 30, 2013 was due to the increase in our operating losses we incurred between the two periods. At September 30, 2014 our operating activities and available capital resources were not sufficient to fund our operations going forward. We believe that we are going to need to obtain additional funding for our activities during the next twelve months to: 1) further fund the development of our source code applications, 2) to fund any potential acquisitions of developed mobile applications and/or mobile applications development companies, and 3) to fund any operating deficits.

Net cash used in investing activities was $0 for the three months ended September 30, 2014 and $4,000 for the three months ended September 30,2 013.During the three months ended September 30, 2013 we incurred $4,000 in the purchase of mobile application software. Due to lack of funding, we made no similar purchase during the three months ending September 30, 2014. The Company is currently seeking acquisition targets and subject to our executing any purchase agreements, we may have significant cash outlays for investing activities. Should we close on any acquisitions, we will most likely need to sell additional securities and/or borrow additional funds in order to fund such acquisitions and to meet our business objectives during the next twelve months.

Net cash provided by financing activities for the three months ended September 30, 2014 was $15,250, compared to net cash used in financing activities of $2,898 for the three months ended September 30, 2013.During the three months ended September 30, 2014 we sold 23,000 shares of our commons stock for proceeds of $17,250 and used $2,000 to repay part of our outstanding convertible notes payable. During the three months ended September 30, 2013 we used $1,398 in deferred financing costs and $1,500 to repay part of our outstanding convertible notes payable.

As of September 30, 2014, our total assets were $66,569 and our total liabilities were $29,654. Included in our assets of as of September 30, 2014 was $4,787 of cash, $33 of accounts receivable and net fixed assets of $61,749.  As of June 30, 2014 our total assets were $76,779 and our total liabilities were $30,459.

Plan of Operation and Funding

During the next twelve months, we anticipate that our principal sources of liquidity will consist of any, or all, of the following: 1) proceeds from sales of our common stock, 2) revenue generated from our operations, and 3) additional debt borrowings. While we are presently generating revenue and we anticipate our revenue will continue to increase, we are currently operating at a loss.

We have now completed the FINRA process of obtaining our initial stock symbol, which is "APYP", however, there is currently no market for the trading of our common stock. Once our common stock is publicly traded, we believe that opportunities to either raise additional capital though the issuance of our common stock and/or use shares of our common stock for acquisitions will significantly improve. We anticipate our common stock being publicly traded during our second fiscal quarter (quarter ending December 31) of 2014. We are currently exploring various options for selling additional shares of our common stock.

On a long-term basis, our ability to ultimately achieve and maintain profitability and positive cash flow is dependent upon our ability to successfully continue to develop our products and our ability to generate revenues.

12

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management and information currently available to management. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely" or similar expressions, indicates a forward-looking statement.

The identification in this report of factors that may affect our future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Factors that could cause our actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to:

· Trends affecting the Company's financial condition, results of operations or future prospects;

· The Company's business and growth strategies;

· The Company's financing plans and forecasts;

· The factors that we expect to contribute to our success and the Company's ability to be successful in the future;

· The Company's business model and strategy for realizing positive results as sales increase;

· Competition, including the Company's ability to respond to such competition and its expectations regarding continued competition in the market in which the Company competes;

· Expenses;

· The Company's expectations with respect to continued disruptions in the global cap ital markets and reduced levels of consumer spending and the impact of these trends on its financial results;

· The Company's ability to meet its projected operating expenditures and the costs associated with development of new projects;

· The Company's ability to pay dividends or to pay any specific rate of dividends, if declared;

· The impact of new accounting pronouncements on its financial statements;

· That the Company's cash flows from operating activities will be sufficient to meet its projected operating expenditures for the next twelve months;

· The Company's market risk exposure and efforts to minimize risk;

· Development opportunities and its ability to successfully take advantage of such opportunities;

· Regulations, including anticipated taxes, tax credits or tax refunds expected;

· The outcome of various tax audits and assessments, including appeals thereof, timing of resolution of such audits, the Company's estimates as to the amount of taxes that will ultimately be owed and the impact of these audits on the Company's financial statements;

· The Company's overall outlook including all statements under Management's Discussion and Analysis or Plan of Operation;

· That estimates and assumptions made in the preparation of financial statements in conformity with US GAAP may differ from actual results; and

· Expectations, plans, beliefs, hopes or intentions regarding the future.

Item 3.  Quantitative and Qualitative Disclosure About Market Risk

Smaller reporting companies are not required to provide the information required by this item.

Item 4.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

The Company's management conducted an evaluation of the effectiveness of the Company's disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and Rule 15d-15(e) under the 1934 Act) pursuant to Rule 13a-15 under the 1934 Act.  The Company's disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports it files or submits under the 1934 Act is recorded, processed, summarized and reported on a timely basis and that such information is communicated to management and the Company's board of directors to allow timely decisions regarding required disclosure.

Based on this evaluation, it has been concluded that the design and operation of our disclosure controls and procedures are not effective since the following material weaknesses exist:

· Since inception our chief executive officer also functions as our chief financial officer.  As a result, our officers may not be able to identify errors and irregularities in the financial statements and reports.

· We were unable to maintain full segregation of duties within our financial operations due to our reliance on limited personnel in the finance function.  While this control deficiency did not result in any material adjustments to our financial statements, it could have resulted in a material misstatement that might have been prevented or detected by a segregation of duties.

· Documentation of all proper accounting procedures is not yet complete.

To the extent reasonably possible given our limited resources, as financial resources become available we intend to take measures to cure the aforementioned weaknesses, including, but not limited to, the following:

· Increasing the capacity of our qualified financial personnel to ensure that accounting policies and procedures are consistent across the organization and that we have adequate control over financial statement disclosures.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

13

PART II. OTHER INFORMATION

Item 1.Legal Proceedings.

To the best of the Company's knowledge and belief, no legal proceedings are currently pending or threatened.

Item 1A.Risk Factors.

We are not required to provide this information as we are a Smaller Reporting Company.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.

In September of 2014, we accepted a common stock purchase agreement from an investor for the purchase of 20,000 shares of our common stock for $15,000, and we accepted a second common stock purchase agreement from an investor for the purchase of 3,000 shares of common stock for $2,250. We plan to use the proceeds from the sale of common stock to fund working capital needs and for general corporate purposes.

Item 3.Default Upon Senior Securities.

None.

Item 4.Mine Safety Disclosures.

Not applicable to our Company.

Item 5.Other Information.

None.

Item 6.Exhibits

31 Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Jackie Williams.

32 Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Jackie Williams.

101.INS*    XBRL Instance Document

101.SCH*   XBRL Taxonomy Schema

101.CAL*   XBRL Taxonomy Calculation Linkbase

101.DEF*    XBRL Taxonomy Definition Linkbase

101.LAB*    XBRL Taxonomy Label Linkbase

101.PRE*     XBRL Taxonomy Presentation Linkbase

* Furnished herewith. XBRL (eXtensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

14

SIGNATURES

Pursuant to the requirements 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.

APPYEA, INC.

Date:  November 18, 2014

By:  /s/ Jackie Williams

Jackie Williams, President, Principal Financial Officer, Principal Accounting Officer, and Director

15

EX-31

EXHIBIT 31

Certification of Chief Executive Officer and Chief Financial Officer

I, Jackie Williams, certify that;

1. I have reviewed this quarterly report on Form 10-Q of AppYea, Inc. for the quarter ended September 30, 2014;

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 the 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. The registrant's other certifying officer(s) and I are 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 that 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; and

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. The registrant's other certifying officer(s) and 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 control over financial reporting.

November 18, 2014/s/ Jackie Williams

                                                                                                   Jackie Williams, Principal Executive Officer and

                                                                                                   Principal Financial Officer

EX-32

EXHIBIT 32

CERTIFICATION PURSUANT TO

18 U.S.C. Sec.1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of AppYea, Inc. (the "Company") on Form 10-Q for the quarter ended September 30, 2014, as filed with the Securities Exchange Commission on the date hereof (the "Report"), Jackie Williams, the Principal Executive Officer and Principal Financial Officer of the Company, certifies pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 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 fairly presents, in all material respects, the financial condition and results of operation of the company.

This certificate is being made for the exclusive purpose of compliance by the Chief Executive Officer and the Chief Financial Officer of the Company with the requirements of Section 906 of the Sarbanes-Oxley Act of 2002, and may not be disclosed, distributed or used by any person or for any reason other than as specifically required by law.

November 18, 2014/s/ Jackie Williams

                                                                                                  Jackie Williams, Principal Executive Officer and

                                                                                                  Principal Financial Officer

XML

INCOME TAXES - Federal income tax benefit (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Federal income tax benefit attributed to:
Net operating loss	$ 9,063	$ 5,794
Valuation	(9,063)	(5,794)
Net benefit

XML

FIXED ASSETS

3 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

FIXED ASSETS

4. FIXED ASSETS

As at September 30, 2014 and June 30, 2014, the balance of fixed assets represented mobile application software as follows:

	September 30,			June 30,
	2014			2014
Cost	$	128,175		$	128,175
Accumulated depreciation		(66,426	)		(55,811	)
Net book value	$	61,749		$	72,364

Depreciation expense for the period ended September 30, 2014 and 2013 was $10,615 and $10,292, respectively.

XML

GOING CONCERN AND LIQUIDITY

3 Months Ended

Sep. 30, 2014

Going Concern And Liquidity [Abstract]

GOING CONCERN AND LIQUIDITY

3. GOING CONCERN AND LIQUIDITY

At September 30, 2014, the Company had cash of $4,787 and current liabilities of $29,654 and has incurred losses of $146,507 since Inception (November 26, 2012).

The Company anticipates future losses in its business.

In our financial statements for the period Inception (November 26, 2012) to June 30, 2014, the Report of the Independent Registered Public Accounting Firm included an explanatory paragraph that describes substantial doubt about our ability to continue as a going concern.

The Company's 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. There is no assurance that this series of events will be satisfactorily completed.

XML

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Jun. 30, 2014
Current Assets
Cash and cash equivalents	$ 4,787	$ 4,404
Accounts receivable	33	11
Total current assets	4,820	4,415
Fixed assets (net of accumulated depreciation of $66,426 and $55,811, respectively)	61,749	72,364
Total assets	66,569	76,779
Current liabilities
Accounts payable	976	422
Accruals	4,678	4,037
Convertible loans - related parties	24,000	26,000
Total current liabilities	29,654	30,459
Total liabilities	29,654	30,459
Commitments and contingencies (note 6)
Stockholders' equity:
Convertible preferred stock, $0.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at September 30, 2014 (unaudited) and June 30, 2014, respectively	500	500
Common stock, $0.0001 par value, 750,000,000 shares authorized, 34,535,660 and 34,512,660 shares issued and outstanding at September 30, 2014 (unaudited) and June 30, 2014, respectively	3,453	3,451
Additional paid-in capital	179,469	162,221
Accumulated deficit	(146,507)	(119,852)
Total stockholders' equity	36,915	46,320
Total Liabilities and Stockholders' Equity	$ 66,569	$ 76,779

XML

NATURE OF OPERATIONS

3 Months Ended

Sep. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF OPERATIONS

1. NATURE OF OPERATIONS

AppYea, Inc. ("AppYea", "the Company", "we" or "us") was incorporated in the State of South Dakota on November 26, 2012 to engage in the acquisition, purchase, maintenance and creation of mobile software applications. The Company has no significant revenues and a limited operating history.

The Company's common stock was approved for quotation on the OTC Markets (www.otcmarkets.com) on September 18, 2014, under the symbol "APYP".

XML

FIXED ASSETS (Detail Textuals) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 10,615	$ 10,292

XML

SHAREHOLDERS' EQUITY (Detail Textuals) (USD $)	3 Months Ended
	Sep. 30, 2014	Jun. 30, 2014
Shareholders Equity [Line Items]
Convertible preferred stock, shares authorized	5,000,000	5,000,000
Convertible preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Convertible preferred stock, number of shares issued on conversion	100
Convertible preferred stock, voting rights	voting rights of 1,000 share of common stock
Convertible preferred stock, shares issued	5,000,000	5,000,000
Convertible preferred stock, shares outstanding	5,000,000	5,000,000
Common stock, shares authorized	750,000,000	750,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued	34,535,660	34,512,660
Common stock, shares outstanding	34,535,660	34,512,660
Investor
Shareholders Equity [Line Items]
Number of shares issued for cash consideration	20,000
Common stock issued for cash, price per share	$ 0.75
Amount of shares issued for cash consideration	$ 15,000
Second investor
Shareholders Equity [Line Items]
Number of shares issued for cash consideration	3,000
Common stock issued for cash, price per share	$ 0.75
Amount of shares issued for cash consideration	$ 2,250

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company's fiscal year end is June 30. The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting and are presented in US dollars. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of September 30, 2014 and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended June 30, 2014, included in its Annual Report on Form 10-K filed on October 14, 2014.

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.

Cash and Cash Equivalents

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

Fixed Assets

The Company's fixed assets represent mobile applications that is has purchased and upgrades that it has made to these applications. These mobile applications and any upgrades are being amortized over their useful lives of 3 years.

Deferred Costs

Offering costs with respect to issue of common stock, warrants or options by the Company are initially deferred and ultimately offset against the proceeds from these equity transactions if successful or expensed if the proposed equity transaction is unsuccessful.

Financial Instruments 

Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.  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.

FASB 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 that reflect a reporting entity's own assumptions about the assumptions that market participants would use in 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 carrying values of cash, accounts receivable, accounts payable, accruals and convertible notes payable approximate their fair value due to the short-term maturities of these instruments.

Revenue Recognition

The Company generates it revenue from the sale of its mobile software applications through online mobile applications stores. Revenue is recognized in accordance with Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition", when the following criteria are met: persuasive evidence of an arrangement exists, delivery of the product has occurred, the fee is fixed or determinable, and collectability is probable. The Company has no remaining obligation to customers after the date on which its customers purchase its mobile software applications.

Research and Development Costs

Costs incurred in research and development activities are expensed as incurred.

Advertising cost

Advertising costs were expensed as incurred. Advertising costs of $2,483 and $75 were incurred during the quarters ended September 30, 2014 and 2013, respectively.

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 the Company's Inception there have been no differences between its comprehensive loss and net loss.

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 September 30, 2014 and June 30, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.

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. During the quarter ended September 30, 2014 and 2013, there were shares of convertible preferred stock outstanding and conversion privileges attached to convertible promissory notes payable.  The common share equivalents of these securities have not been included in the calculations of loss per share because such inclusions would have an anti-dilutive effect as the Company has incurred losses during the three month periods ended September 30, 2014 and 2013.

Business Segments

The Company believes that its activities for the periods presented herein comprised a single segment. 

Recent Accounting Pronouncements

In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915.  The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.

Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements except No. 2014-10, will not have a material effect on the Company's financial statements.

XML

CONDENSED BALANCE SHEETS (Parentheticals) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]
Accumulated depreciation of fixed assets (in dollars)	$ 66,426	$ 55,811
Convertible preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Convertible preferred stock, shares authorized	5,000,000	5,000,000
Convertible preferred stock, shares issued	5,000,000	5,000,000
Convertible preferred stock, shares outstanding	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	34,535,660	34,512,660
Common stock, shares outstanding	34,535,660	34,512,660

XML

FIXED ASSETS (Tables)

3 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Schedule of fixed assets represented mobile application software

	September 30,			June 30,
	2014			2014
Cost	$	128,175		$	128,175
Accumulated depreciation		(66,426	)		(55,811	)
Net book value	$	61,749		$	72,364

XML

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Nov. 18, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	APPYEA, INC
Entity Central Index Key	0001568969
Trading Symbol	apyp
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		34,535,660
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

XML

INCOME TAXES (Tables)

3 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of provision for refundable federal income tax

	Quarter ended			Quarter ended
	September 30,			September 30,
	2014			2013
Federal income tax benefit attributed to:
Net operating loss	$	9,063		$	5,794
Valuation		(9,063	)		(5,794	)
Net benefit	$	—		$	—

Schedule of net deferred tax amount

	September 30,			June 30,
	2014			2014
Deferred tax attributed:
Net operating loss carryover	$	49,812		$	40,750
Less: change in valuation allowance		(49,812	)		(40,750	)
Net deferred tax asset	$	—		$	—

XML

CONDENSED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014		Sep. 30, 2013
Income Statement [Abstract]
Revenue	$ 1,329		$ 2,762
Operating costs:
Sales and marketing	2,483		75
Legal and professional fees	9,343		7,000
General and administrative	4,902		1,250
Depreciation	10,615		10,292
Total operating costs	27,343		18,617
Loss from operations	(26,014)		(15,855)
Other expense
Interest expense, net	(641)		(1,186)
Net loss	$ (26,655)		$ (17,041)
Loss per share, basic and diluted (in dollars per share)	$ 0.00	[1]	$ 0.00	[1]
Weighted average number of shares outstanding, basic and diluted (in shares)	34,512,910		2,299,444

[1] Denotes a loss of less than $(0.01) per share

XML

SHAREHOLDERS' EQUITY

3 Months Ended

Sep. 30, 2014

Equity [Abstract]

SHAREHOLDERS' EQUITY

7. SHAREHOLDERS' EQUITY

Convertible Preferred Stock

The Company is authorized to issue 5,000,000 shares of convertible preferred stock at a par value of $0.0001.

A convertible preferred share is convertible into 100 shares of common stock and has the voting rights of 1,000 share of common stock.

As at September 30, 2014 and June 30, 2014, 5,000,000 shares of the Company's convertible preferred stock were issued and outstanding.

Common Stock

The Company is authorized to issue 750,000,000 shares of common stock at a par value of $0.0001.

During the quarter ended September 2014, the Company issued 20,000 shares of common stock, at $0.75 per share, to an investor for cash consideration of $15,000; and 3,000 shares of common stock, at $0.75 per share, to a second investor for cash consideration of $2,250.

As at September 30, 2014 and June 30, 2014, 34,535,660 and 34,512,660 shares of the Company's common stock were issued and outstanding, respectively.

XML

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

6. COMMITMENTS AND CONTINGENCIES

Leases and Long term Contracts

The Company has not entered into any long term leases, contracts or commitments.

Legal

To the best of the Company's knowledge and belief, no legal proceedings are currently pending or threatened.

XML

CONVERTIBLE LOANS - RELATED PARTIES (Detail Textuals) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Related Party Transactions [Abstract]
Cash repaid to related parties	$ 2,000	$ 1,500
Accrued interest	641	1,189
Convertible loans outstanding	$ 24,000		$ 26,000

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Accounting Policies [Abstract]
Amortized period of useful lives for mobile applications	3 years
Advertising costs	$ 2,483	$ 75

XML

SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

10. SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date of the issuance of these interim condensed financial statements and the Company did not have any material recognizable subsequent events.

XML

RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

8. RELATED PARTY TRANSACTIONS

The President of the Company provides management and office premises to the Company for no compensation.

XML

INCOME TAXES

3 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

INCOME TAXES

9. INCOME TAXES

The Company follows 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 at 34% consists of the following for the periods ending:

	Quarter ended			Quarter ended
	September 30,			September 30,
	2014			2013
Federal income tax benefit attributed to:
Net operating loss	$	9,063		$	5,794
Valuation		(9,063	)		(5,794	)
Net benefit	$	—		$	—

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

	September 30,			June 30,
	2014			2014
Deferred tax attributed:
Net operating loss carryover	$	49,812		$	40,750
Less: change in valuation allowance		(49,812	)		(40,750	)
Net deferred tax asset	$	—		$	—

At September 30, 2014 the Company had an unused net operating loss carry-forward approximating $146,507 that is available to offset future taxable income; the loss carry-forward will start to expire in 2033.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The Company's fiscal year end is June 30. The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting and are presented in US dollars. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of September 30, 2014 and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended June 30, 2014, included in its Annual Report on Form 10-K filed on October 14, 2014.

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.

Cash and Cash Equivalents

Cash and Cash Equivalents

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

Fixed Assets

Fixed Assets

The Company's fixed assets represent mobile applications that is has purchased and upgrades that it has made to these applications. These mobile applications and any upgrades are being amortized over their useful lives of 3 years.

Deferred Costs

Deferred Costs

Offering costs with respect to issue of common stock, warrants or options by the Company are initially deferred and ultimately offset against the proceeds from these equity transactions if successful or expensed if the proposed equity transaction is unsuccessful.

Financial Instruments

Financial Instruments 

Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.  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.

FASB 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 that reflect a reporting entity's own assumptions about the assumptions that market participants would use in 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 carrying values of cash, accounts receivable, accounts payable, accruals and convertible notes payable approximate their fair value due to the short-term maturities of these instruments.

Revenue Recognition

Revenue Recognition

The Company generates it revenue from the sale of its mobile software applications through online mobile applications stores. Revenue is recognized in accordance with Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition", when the following criteria are met: persuasive evidence of an arrangement exists, delivery of the product has occurred, the fee is fixed or determinable, and collectability is probable. The Company has no remaining obligation to customers after the date on which its customers purchase its mobile software applications.

Research and Development Costs

Research and Development Costs

Costs incurred in research and development activities are expensed as incurred.

Advertising cost

Advertising cost

Advertising costs were expensed as incurred. Advertising costs of $2,483 and $75 were incurred during the quarters ended September 30, 2014 and 2013, respectively.

Comprehensive Income (Loss)

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 the Company's Inception there have been no differences between its comprehensive loss and net loss.

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 September 30, 2014 and June 30, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.

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. During the quarter ended September 30, 2014 and 2013, there were shares of convertible preferred stock outstanding and conversion privileges attached to convertible promissory notes payable.  The common share equivalents of these securities have not been included in the calculations of loss per share because such inclusions would have an anti-dilutive effect as the Company has incurred losses during the three month periods ended September 30, 2014 and 2013.

Business Segments

Business Segments

The Company believes that its activities for the periods presented herein comprised a single segment.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915.  The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.

Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements except No. 2014-10, will not have a material effect on the Company's financial statements.

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FIXED ASSETS - Fixed assets balance of mobile application software (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Cost	$ 128,175	$ 128,175
Accumulated depreciation	(66,426)	(55,811)
Net book value	$ 61,749	$ 72,364

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INCOME TAXES - Deferred tax (Details 1) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Deferred tax attributed:
Net operating loss carryover	$ 49,812	$ 40,750
Less: change in valuation allowance	(49,812)	(40,750)
Net deferred tax asset

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CONDENSED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net loss	$ (26,655)	$ (17,041)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation expense	10,615	10,292
Changes in operating assets and liabilities:
Accounts receivable	(22)	859
Prepaid expenses		74
Accounts payable	554	(5,411)
Accruals	641	1,189
Net cash provided by (used in) operating activities	(14,867)	(10,038)
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchase of mobile application software		(4,000)
Net cash used in investing activities		(4,000)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
Issuance of common stock for cash	17,250
Deferred financing costs expensed (incurred)		(1,398)
Repayment of convertible notes payable	(2,000)	(1,500)
Net cash provided by financing activities	15,250	(2,898)
Net change in cash and cash equivalents	383	(16,936)
Cash and cash equivalents at beginning of period	4,404	31,150
Cash and cash equivalents at end of period	4,787	14,214
Cash paid for :
Interest
Income taxes

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CONVERTIBLE LOANS - RELATED PARTIES

3 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

CONVERTIBLE LOANS - RELATED PARTIES

5. CONVERTIBLE LOANS – RELATED PARTIES

During the three months ended September 30, 2014, the Company repaid $2,000 to the related parties in cash and accrued interest of $641 on the outstanding balance of convertible loans. As at September 30, 2014 and June 30, 2014, the Company had convertible loans outstanding of $24,000 and $26,000, respectively.

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INCOME TAXES (Details Textuals) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Expected tax rate	34.00%
Net operating loss carry-forward	$ 146,507

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GOING CONCERN AND LIQUIDITY (Detail Textuals) (USD $)	3 Months Ended		22 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2013
Going Concern And Liquidity [Abstract]
Cash	$ 4,787	$ 14,214	$ 4,787	$ 4,404	$ 31,150
Current liabilities	29,654		29,654	30,459
Net loss	$ (26,655)	$ (17,041)	$ (146,507)