Fri, Nov 8, 9:54 PM (35 days ago)
Apex 11 Inc. (APXI) filed an amendment to its Form 10-K for the fiscal year ending December 31, 2023. The company reported no revenue for 2023 or 2022, with net losses of $31,892 in 2023 and $37,238 in 2022. Operating expenses decreased from $37,238 to $31,892, primarily due to reduced public reporting costs. As of December 31, 2023, the company had zero cash and an accumulated deficit of $232,399. The total liabilities were $360, reflecting minimal operational activity. Apex 11, incorporated in Delaware, has been inactive since its inception in 2013 and aims to seek business combinations with revenue-generating entities. The report highlights significant risks, including the company's ability to continue as a going concern, given its lack of operations and reliance on stockholder funding. The management's assessment raised substantial doubt about the company's future viability. The amendment primarily clarifies auditor considerations regarding the company’s financial condition and includes new certifications from the CEO and CFO. Future plans involve seeking additional financing to support operations.