APT Systems Inc

CIK:0001543739|SEC Filings

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2018	Oct. 31, 2017
Details
Revenues	$ 1,046	$ 11	$ 8,230	$ 22
Operating Expenses
Amortization	9,230	4,555	26,491	14,172
Compensation to officer and directors	15,000	15,000	45,000	913,654
Selling, General and Administrative Expense	205,505	76,015	647,346	188,352
Operating Costs and Expenses	229,735	95,570	718,837	1,116,178
Operating Income (Loss)	(228,689)	(95,559)	(710,607)	(1,116,156)
Other Income (Expense)
Other Nonoperating Income	729	0	2,593	371
Gain (loss) on change in derivative liability	18,206	(40,628)	(423,975)	(40,628)
Loss on settlement or modification of notes and accounts payable	0	0	0	(73,497)
Interest expense and amortization of debt discount	(94,803)	(27,402)	(184,418)	(52,722)
Total Other Income (Expense)	(75,868)	(68,030)	(605,800)	(166,476)
Net Income (Loss)	(304,557)	(163,589)	(1,316,407)	(1,282,632)
Dividends Applicable to Preferred Stock	(3,642)	(952)	(10,646)	(1,807)
Accretion of Preferred Stock to Redemption Values	(2,690)	0	(8,839)	0
Net Loss Applicable to Common Stockholders	$ (310,889)	$ (164,541)	$ (1,335,892)	$ (1,284,439)
Net loss per common share:
Earnings Per Share, Basic and Diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted Average Number of Shares Outstanding, Basic and Diluted	348,625,613	278,179,364	327,822,158	263,466,212

Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Cash flows from operating activities:
Net Income (Loss)	$ (1,316,407)	$ (1,282,632)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense	26,491	14,172
Gain on investments	(2,593)	(343)
Loss on change in derivative liability	423,975	40,628
Amortization of debt discount	149,653	27,094
Loss on settlement or modification of notes and accounts payable	0	73,497
Stock issued for consulting services	0	868,654
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	51,761	17,141
Accounts payable and accrued expenses	345,617	44,163
Accrued officer compensation	45,000	45,000
Net cash used in operating activities	(276,503)	(152,626)
Cash flows from investing activities:
Cash flows from investing activities:	(48,500)	(20,007)
Net cash used in investing activities	(48,500)	(20,007)
Cash flows from financing activities:
Payment of loan from director	0	(5,000)
Issuance of convertible notes and short-term notes payable	0	0
Proceeds from convertible notes and short-term notes payable, net of fees	328,500	94,500
Payments on convertible notes payable	(25,750)	(26,500)
Payments on notes payable	(5,000)	(1,320)
Purchase of treasury shares	0	(10,000)
Proceeds from issuance of common and preferred shares	0	130,000
Net cash provided by financing activities	297,750	181,680
Net increase (decrease) in cash	(27,253)	9,047
Cash and cash equivalents	46,700	7,713
Cash and cash equivalents	19,447	16,760
Supplemental disclosure of cash flow information
Cash paid for interest	14,057	0
Cash paid for income taxes	0	0
Non-Cash Transactions
Common stock issued for stock payable	0	1,180
Common stock issued to settle accounts and notes payable	164,894	39,713
Expenses paid by director	0	5,095
Stock and stock payable issued for software acquisition	21,000	0
Accretion of redemption value of preferred stock (Series B & Series C)	19,485	0
Settlement of derivative liability	$ 263,564	$ 23,646
Convertible note payable issued for prepaid expenses	75,000	-
Debt discount created by derivative liability	$ 166,130	$ 30,000

Consolidated Balance Sheets (unaudited) - USD ($)	Oct. 31, 2018	Jan. 31, 2018
Current Assets
Cash and cash equivalents	$ 19,447	$ 46,700
Trading investments	17,715	15,122
Prepaid expenses	28,507	5,268
Other Assets, Current	21,000	0
Total current assets	86,669	67,090
Other Assets
Capitalized Computer Software, Gross	130,786	108,777
Total other assets	130,786	108,777
Total assets	217,455	175,867
Current liabilities:
Accounts payable and accrued expenses $	497,643	156,920
Accrued officer compensation	275,300	230,300
Convertible Notes Payable, Current	430,792	229,519
Convertible notes payable - related party, current portion	26,276	26,276
Notes Payable, Current	69,699	74,699
Derivative liability	326,541	0
Total current liabilities	1,626,251	717,714
Liabilities	1,626,251	717,714
Shareholders' deficit:
Common Stock, Value, Issued	38,007	30,273
Additional paid-in capital	2,557,858	2,135,619
Accumulated deficit	(4,112,646)	(2,796,239)
Total shareholders' deficit	(1,525,781)	(639,347)
Total liabilities and shareholders' deficit	217,455	175,867
Preferred B 6% Convertible Cumulative
Shareholders' deficit:
Preferred Stock, Value, Issued	74,607	65,000
Preferred Stock, Value, Issued	74,607	65,000
Preferred C 12% Convertible Cumulative
Shareholders' deficit:
Preferred Stock, Value, Issued	42,378	32,500
Preferred Stock, Value, Issued	42,378	32,500
Preferred Class A
Shareholders' deficit:
Preferred Stock, Value, Issued	1,000	1,000
Treasury Stock, 886,749 shares at cost as of October 31, 2018 and January 31, 2018	(10,000)	(10,000)
Preferred Stock, Value, Issued	$ 1,000	$ 1,000