SECURITIES AND EXCHANGE COMMISSION
 Washington, DC  20549
   
  ☒
            
            
            
            ☐
          Annual Report Under Section 13 or 15(d) of The Securities Exchange Act of 1934
              
              For the year endedJune 30, 2019
            
            Transition Report Under Section 13 or 15(d) of The Securities Exchange Act of 1934
              
              For the transition period from _____________ to _____________  333-224157
 
 AXELEREX CORP.
  Nevada
                
                35-2606208(State or other jurisdiction of incorporation or organization)
                
                (I.R.S. Employer Identification No.)30 Fritz-Kirsch-Zeile,
                      Berlin,Germany
                
                12459(Address of principal executive offices)
                
                (Zip Code)
 
 Registrant’s telephone number, including area code: 1-201-383-2959
 
 
 
 Title of each class
              
              Trading Symbol(s)
              
              Name of each exchange on which registered
 Securities registered pursuant to Section 12(g) of the Act: None
  
        
  Large accelerated filer ☐
          Accelerated filer ☐Non-accelerated filer   ☒
          Smaller reporting company ☒Emerging growth company ☒   
 
 As of December 31, 2018, the last day of registrant’s second fiscal quarter, the aggregate market value of the registrant’s common stock, held by non-affiliates, computed
          by reference to the price at which the common equity was last sold prior to December 31, 2018, was approximately $13,500. For purposes of the above statement only, all directors, executive officers and 10% shareholders are assumed to be affiliates. This determination of affiliate status is not necessarily a
          conclusive determination for other purposes.
 
 PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
 
 Indicate by check mark whether the registrant has fled all documents and reports required to be fled by Sections 12, 13
            or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confrmed by a court. Yes ☐ No ☐
 As of September 13, 2019, the registrant had 7,120,000 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has been established as of September  13, 2019.
   
 
 EXPLANATORY NOTE
 
 This Amendment No. 1 to the Annual Report of Axelerex Corp. on Form 10-K/A, or this Form 10-K/A, amends our Annual
            Report on Form 10-K for the year ended June 30, 2019, which was originally filed with the Securities and Exchange Commission, or SEC, on September 12, 2019, or the Original Form 10-K. This Form 10-K/A is being filed for the sole purpose of
            providing correct date of the Report of Independent Registered Public Accounting Firm in the Original Form 10-K.  The Report of Independent Registered Public Accounting Firm information may be incorporated by reference from our definitive proxy
            statement, or if such proxy statement is not filed with the SEC within 120 days after the end of our fiscal year, such information may be included in an amendment to the Form 10-K.
 
 Except as expressly noted herein, this Form 10-K/A does not modify or update in any way the disclosures made in the
            Original Form 10-K and does not reflect events occurring after the filing of the Original Form 10-K.
 
 As used in this Form 10-K/A, “Axelerex,” the “Company,” “we,” “us” and “our” refer to Axelerex Corp.
 
 2
 Item 8. Financial Statements and Supplementary Data.
 
 Axelerex Corp.
 June 30, 2019
 Index to the Financial Statements
 
 Report of Independent Registered Public Accounting Firm
                    4Balance Sheets as of June 30, 2019 and 2018
                    5Statements of Operations for The Year Ended June 30, 2019 and 2018
                    6Statements of Cash Flows for The Year Ended June 30, 2019 and 2018
                    7Statement of Shareholder's Equity for The Year Ended June 30, 2019
                    8Notes to The Financial Statements
                    9 
 
 3
  
 ● 4725
              MERCURY STREET #210 ● SAN DIEGO ● CALIFORNIA 92111 ●
  ●
              TELEPHONE (858)722-5953 ● FAX (858) 761-0341  ● FAX (858) 764-5480
  ●E-MAILchanggpark@gmail.com●
 
  Report of Independent Registered Public Accounting Firm
 To the Shareholders and Board of Directors of Axelerex Corp.
 
 Opinion on the Financial Statements
 We have audited the accompanying consolidated balance sheets of Axelerex Corp. (the Company) as of June 30, 2019
                and 2018, the related statements of operations, changes in shareholders' deficit, and cash flows for the period from two years ended June 30, 2019 and 2018, and the related notes to the financial statements (collectively, the financial
                statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2019 and 2018, and the results of its operations and its cash flows for the period then
                ended, in conformity with accounting principles generally accepted in the United States of America.
 
 Going Concern Uncertainty
 The accompanying financial statements have been prepared assuming that the Company will continue as a going
                concern. As discussed in Note 3 to the financial statements, the Company has a losse from operations through June 30, 2019, and does not have sufficient working capital to fund its planned operations during the twelve-month period
                subsequent to the issuance of these financial statements. This raises substantial doubt about the Company’s ability to continue as a going concern. Management's plans in regard to these matters also are described in Note 3. The financial
                statements do not include any adjustments that might result from the outcome of this uncertainty.
 
 Basis for Opinion
 These financial statements are the responsibility of the Company’s management. Our responsibility is to express an
                opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the
                Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
 
 We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and
                perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its
                internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's
                internal control over financial reporting. Accordingly, we express no such opinion.
 
 Our audits included performing procedures to assess the risks of material misstatement of the financial statements,
                whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included
                evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
 /s/PLS CPAPLS CPA, A Professional Corp We have served as the Company’s auditor since 2017.
 San Diego, CA. 92111
 September 12, 2019
 
 4
 Axelerex Corp.
 Balance Sheet
 As of June 30, 2019 and 2018
 
 
 June 30, 2019
                  
                  
                  June 30, 2018ASSETSCurrent AssetsCash & Cash Equivalents
                  
                  $
                  15,106
                  
                  
                  $
                  7,598Accounts Receivable
                  
                  
                  -
                  
                  
                  
                  541Prepaid Expenses
                  
                  
                  56Total Current Assets
                  
                  
                  15,162
                  
                  
                  
                  8,139Total Assets
                  
                  $
                  15,162
                  
                  
                  $
                  8,139LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilitiesAccounts Payable
                  
                  $
                  99
                  
                  
                  $
                  200Due to Related Party
                  
                  
                  13,264
                  
                  
                  
                  11,096Total Liabilities
                  
                  
                  13,363
                  
                  
                  
                  11,296Stockholders’ EquityCommon Stock, $0.001 par value, 75,000,000 shares authorized,7,120,000 shares and 5,000,000 shares issued and outstanding, respectively
                  
                  
                  7,120
                  
                  
                  
                  5,000Additional Paid-In Capital
                  
                  
                  19,080
                  
                  
                  
                  -Retained Earnings (Deficit)
                  
                  
                  (24,401
                  )
                  
                  
                  (8,157
                  )Total Stockholders’ Equity
                  
                  
                  1,799
                  
                  
                  
                  (3,157
                  )Total Liabilities and Shareholders’ Equity
                  
                  $
                  15,162
                  
                  
                  $
                  8,139 
 
 
 
 The accompanying notes are an integral part of these financial statements.
 
 5
 Axelerex Corp.
 Statement of Operations
 For the Year Ended June 30, 2019 and 2018
 
 
 June 30, 2019
                  
                  
                  June 30, 2018REVENUE
                  
                  $
                  100
                  
                  
                  $
                  1,606EXPENSESGeneral and Administrative
                  
                  
                  2,189
                  
                  
                  
                  2,226Professional
                  
                  
                  14,155
                  
                  
                  
                  7,537Total Expenses
                  
                  
                  16,344
                  
                  
                  
                  9,763Loss from Operations
                  
                  
                  (16,244
                  )
                  
                  
                  (8,157
                  )Income Tax Expense (Recovery)
                  
                  
                  -
                  
                  
                  
                  -NET INCOME AFTER TAX
                  
                  $
                  (16,244
                  )
                  
                  $
                  (8,157
                  )Basic and Diluted Net Loss per Common Share
                  
                  $
                  0.00
                  
                  
                  $
                  0.00Weighted-Average Number of Common Shares Outstanding
                  
                  
                  6,091,699
                  
                  
                  
                  3,639,344 
 
 
 
 The accompanying notes are an integral part of these financial statements.
 
 6
 Axelerex Corp.
 Statement of Cash Flows
 For the Year Ended June 30, 2019 and 2018
 
 
 June 30, 2019
                  
                  
                  June 30, 2018CASH FLOWS FROM OPERATING ACTIVITES:Net Loss After Tax
                  
                  $
                  (16,244
                  )
                  
                  $
                  (8,157
                  )Adjustment to Reconcile Net Loss to Net Cash Used in Operating Activities:Bad debt Expense
                  
                  
                  211
                  
                  
                  
                  -Changes in Operating Assets and Liabilities:Accounts Receivable
                  
                  
                  330
                  
                  
                  
                  (541
                  )Accounts Payable
                  
                  
                  (101
                  )
                  
                  
                  200Prepaid expenses
                  
                  
                  (56
                  )
                  
                  
                  -Net Cash from Operating Activities
                  
                  
                  (15,860
                  )
                  
                  
                  (8,498
                  )CASH FLOWS FROM FINANCING ACTIVITIES:Related Party Loan
                  
                  
                  2,168
                  
                  
                  
                  11,096Proceeds from Sale of Common Shares
                  
                  
                  21,200
                  
                  
                  
                  5,000Net Cash Provided by Financing Activities
                  
                  
                  23,368
                  
                  
                  
                  16,096Net Increase (Decrease) in Cash
                  
                  
                  7,508
                  
                  
                  
                  7,598Cash, Beginning of Period
                  
                  
                  7,598
                  
                  
                  
                  -Cash, End of Period
                  
                  $
                  15,106
                  
                  
                  $
                  7,598Supplemental Disclosure of Cash Flow InformationCash Paid for:Interest
                  
                  $
                  -
                  
                  
                  $
                  -Income Taxes
                  
                  $
                  -
                  
                  
                  $
                  - 
 
 
 
 The accompanying notes are an integral part of these financial statements.
 
 7
 Axelerex Corp.
 Statement of Stockholders Equity
 For the Period from August 30, 2017 (inception) to June 30, 2019
 
 
 RetainedCommon Stock
                  
                  
                  Additional
                  
                  
                  EarningsNumber of
                  
                  
                  
                  
                  
                  Paid-in
                  
                  
                  (AccumulatedShares
                  
                  
                  Amount
                  
                  
                  Capital
                  
                  
                  Deficit)
                  
                  
                  TotalBalance, August 30, 2017
                  
                  
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -Issuance of Common shares for Cash
                  
                  
                  5,000,000
                  
                  
                  
                  5,000
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  5,000Net Loss
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (8,157
                  )
                  
                  
                  (8,157
                  )Balance, June 30, 2018
                  
                  
                  5,000,000
                  
                  
                  
                  5,000
                  
                  
                  
                  -
                  
                  
                  
                  (8,157
                  )
                  
                  
                  (3,157
                  )Issuance of Common Shares for Cash
                  
                  
                  2,120,000
                  
                  
                  
                  2,120
                  
                  
                  
                  19,080
                  
                  
                  
                  -
                  
                  
                  
                  21,200Net Income (Loss) After Tax
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (16,244
                  )
                  
                  
                  (16,244
                  )Balance, June 30, 2019
                  
                  
                  7,120,000
                  
                  
                  $
                  7,120
                  
                  
                  $
                  19,080
                  
                  
                  $
                  (24,401
                  )
                  
                  $
                  1,799 
 
 
 
 The accompanying notes are an integral part of these financial statements.
 
 8
 Axelerex Corp.
 June 30, 2019
 Notes to the Financial Statements
 
 
 Note 1 - Organization and Operations
 
 Axelerex Corp. was incorporated in the State of Nevada on August 30, 2017.  Our offices are located at 30
                Fritz-Kirsch-Zeile, Berlin, 12459, Germany.  Our product comes in a form of highly customized short animation created in a technique and style that would make it stand out amongst common products of this type. These short animations,
                produced by our company, will help our customers to deliver desired information with a punch and in memorable and complete manner. Our aim is to develop Axelerex Corp. in phases.  The first phase of development will focus on design
                solutions. The second phase will be production and further development of new and ever more unique animation solutions.
 
 Note 2 - Significant and Critical Accounting Policies and Practices
 
 The Management of the Company is
                  responsible for the selection and use of appropriate accounting policies and the appropriateness of accounting policies and their application.  Critical accounting policies and practices are those that are both most important to the
                  portrayal of the Company’s financial condition and results and require management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effects of matters that are inherently
                  uncertain.  The Company’s significant and critical accounting policies and practices are disclosed below as required by generally accepted accounting principles.
 
 Basis of
                    Presentation
 
 The Company’s financial statements have been prepared in accordance with accounting principles generally accepted
                in the United States of America (“U.S. GAAP”).
 
 Use of
                    Estimates and Assumptions and Critical Accounting Estimates and Assumptions
 
 The preparation of financial statements in conformity with accounting principles generally accepted in the United
                States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the
                reported amounts of revenues and expenses during the reporting period(s).
 
 Critical accounting estimates are
                  estimates for which (a) the nature of the estimate is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the
                  estimate on financial condition or operating performance is material. The Company’s critical accounting estimate(s) and assumption(s) affecting the financial statements was (were):
 
 (i)
                    Assumption

                            as a going concern:Management assumes that the Company will continue as a going concern, which contemplates continuity of operations,
                          realization of assets, and liquidation of liabilities in the normal course of business.
 (ii)
                    Valuation

                            allowance for deferred tax assets:Management assumes that the realization of the Company’s net deferred tax assets resulting from its
                          net operating loss (“NOL”) carry–forwards for Federal income tax purposes that may be offset against future taxable income was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by a full valuation allowance. Management made this assumption based on (a) the Company has incurred recurring losses, (b)
                          general economic conditions, and (c) its ability to raise additional funds to support its daily operations by way of a public or private offering, among other factors.
 
 These significant accounting estimates or assumptions bear the risk of change due to the fact that there are
                uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.
 
 Management bases its estimates on historical experience and on various assumptions that are believed to be
                reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from
                other sources.
 
 Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently
                available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.
 
 Actual results could differ from those estimates.
 
 9
 
 Fair Value of
                    Financial Instruments
 
 The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair
                value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments.
 The carrying amounts of the Company’s financial assets and liabilities, such as cash and accrued expenses
                approximate their fair values because of the short maturity of these instruments.
 
 Cash
                    Equivalents
 
 The Company considers all highly liquid investments with maturities of three months or less at the time of purchase
                to be cash equivalents.
 
 Property, Plant
                    and Equipment
 
 Property, plant and equipment are stated at cost less accumulated depreciation and impairment.  Depreciation on
                property, plant and equipment is calculated on the straight-line method after taking into account their respective estimated residual values over the estimated useful lives of the assets as follows:
 
 Tools and equipment 2 years
 
 Maintenance and repair costs are expensed as incurred, whereas significant renewals and betterments are
                capitalized.
 
 Related Parties
 
 The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related
                parties and disclosure of related party transactions.
 
 Pursuant to Section 850-10-20 the related parties include a. affiliates of the Company; b. entities for which
                investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts
                for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company
                may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. other
                parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or
                more of the transacting parties might be prevented from fully pursuing its own separate interests.
 
 The financial statements shall include disclosures of material related party transactions, other than compensation
                arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in
                those statements. The disclosures shall include:  a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for
                which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which
                income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and,
                if not otherwise apparent, the terms and manner of settlement.
 
 Commitment and
                    Contingencies
 
 The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for
                contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur.  The Company
                assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.  In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result
                in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.
 
 10
 If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the
                amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements.  If the assessment indicates that a potential material loss contingency is not probable but is reasonably
                possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.
 
 Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the
                guarantees would be disclosed.  Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows.
                However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.
 
 The Company did not have any commitments or contingencies as of June 30, 2019 and 2017.
 
 Revenue
                    Recognition
 
 The Company follows 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.
 
 Income Tax
                    Provision
 
 The Company accounts for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification. 
                Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the
                differences are expected to reverse.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are
                measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is
                recognized in the statements of operations in the period that includes the enactment date.
 
 The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”). Section
                740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under Section 740-10-25, the Company may recognize the tax benefit from an
                uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial
                statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.  Section 740-10-25 also provides guidance on de-recognition,
                classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.
 
 The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are
                reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances
                as management deems necessary.
 
 Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and
                cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions.  In management’s opinion, adequate provisions for income taxes have
                been made for all years.  If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.
 
 Uncertain Tax
                    Positions
 
 The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or
                benefits pursuant to the provisions of Section 740-10-25 for the year ended June 30, 2019.
 
 11
 Net Income
                    (Loss) per Common Share
 
 Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards
                Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is
                computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common
                shares issuable through contingent share arrangements, stock options and warrants.
 
 There were no potentially dilutive common shares outstanding for the year ended June 30, 2019.
 
 Cash Flows
                    Reporting
 
 The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting,
                classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined
                by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all
                deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments.  The
                Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a
                separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant
                to paragraph 830-230-45-1 of the FASB Accounting Standards Codification.
 
 Subsequent
                    Events
 
 The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the
                disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued.  Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer
                considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.
 
 Note 3 – Going Concern
 
 The financial statements have been prepared assuming that the Company will continue as a going concern, which
                contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.
 
 As reflected in the financial statements, the Company had a net loss from operations of ($16,244); net cash used in
                operating activities for the year ended June 30, 2019 of $15,860.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.
 
 Although the Company has recognized some nominal amount of revenues since inception, the Company is devoting
                substantially all of its efforts on establishing the business and its planned principal operations have not commenced.  The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position
                may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no
                assurances to that effect.  The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a
                public or private offering.
 
 The financial statements do not include any adjustments related to the recoverability and classification of
                recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
 
 12
 Note 4 – Stockholder's Equity
 
 Shares
                    Authorized
 
 Upon formation the total number of shares of all classes of stock which the Company is authorized to issue is
                Seventy-Five Million (75,000,000) shares of which Seventy-Five Million (75,000,000) shares shall be Common Stock, par value $0.001 per share.
 
 Common Stock
 
 On November 21st, 2017 the Company sold 5,000,000 shares of common stock to the President of the Company at $0.001
                per share for $5,000 in aggregate for cash.
 From November 2018 to January 2019, the Company sold additional 2,120,000 shares of common stock at $0.01 per share
                for total consideration of $21,200to 27 induvial. All shares were issued in accordance with the exemption from the registration provisions of the Securities Act of 1933, as amended, provided by Section 4(2) of such Act for issuances not
                involving any public offering and Rule 506 of Regulation D promulgated thereunder.
 As of June 30, 2019, and 2018 there were 7,120,000 and 5,000,000 total shares issued and outstanding.
 
 Note 5 – Related Party Transactions
 
 Related Parties
 
 Related parties with whom the Company had transactions are:
 
 Free Office
                    Space
 
 The Company has been provided office space by its President at no cost. Management determined that such cost is
                nominal and did not recognize the rent expense in its financial statement.
 
 Loan Payable -
                    President
 
 Our President and Director, Sergey Peredkov, provided $13,264 loan to the company.  The loan is unsecured, non-interest bearing and due on demand.  We have not recorded any imputed interest expense for the year ended June 30, 2019 or 2018 as deemed immaterial.
 
 Issued Shares
                    to Related Parties
 
 On November 21, 2017 we have issued an aggregate of 5,000,000 shares of our common stock to our President and
                Director, Sergey Peredkov, for a purchase price of $0.001 per share or for aggregate consideration of $5,000.  The shares were issued under Regulation S of the Securities Act of 1933.
 
 Note 6 – Income Tax Provision
 
 Deferred Tax
                    Assets
 
 At June 30, 2019, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of
                $24,401 that may be offset against future taxable income through 2034.  No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying consolidated financial statements as the management of the
                Company believes that the realization of the Company’s net deferred tax assets of approximately $5,124 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full
                valuation allowance.
 
 Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable
                from prior year’s operations.  The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization.  The current valuation of tax allowance is n/a as of June 30, 2019.
 
 13
 Components of deferred tax assets are as follows:
 
 June 30, 2019Net deferred tax assets – Non-current:Net operating income (loss) carry forward
                  
                  $
                  (24,401
                  )Expected income tax benefit from NOL carry-forwards
                  
                  
                  5,124Less valuation allowance
                  
                  
                  (5,124
                  )Deferred tax assets, net of valuation allowance
                  
                  $
                  - 
 Income Tax
                    Provision in the Statement of Operations
 
 A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of
                income before income taxes is as follows:
 
 For the year
                    ended
                    June 30, 2019Federal statutory income tax rate
                  
                  
                  21
                  %Increase (reduction) in income tax provision resulting from:Net operating loss (“NOL”) carry-forwards
                  
                  
                  (21
                  )%Effective income tax rate
                  
                  
                  0
                  % 
 
 14
 SIGNATURES
 
 Pursuant to the requirements of Section 13 or 15(d) 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.
 
 (Registrant)
                  AXELEREX CORP.By :
                  /s/ SERGEY PEREDKOVSergey Peredkov
                    President and Chief Executive Officer and Chief Financial OfficerDate
                  September 13, 2019


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