# EDGAR Filing Document

**Accession Number:** 0001578329
**File Stem:** 0001185185-26-000288
**Filing Date:** 2026-1
**Character Count:** 40025
**Document Hash:** 514320137a70695d8a6e324cc0f33ed5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-26-000288.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001185185-26-000288

**CONFORMED SUBMISSION TYPE**: 10-Q/A

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** APEX 11 INC.
- **CENTRAL INDEX KEY:** 0001578329
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 462845657
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-54964
- **FILM NUMBER:** 26560317

**BUSINESS ADDRESS:**
- **STREET 1:** 8217 E SPANISH BOOT ROAD
- **CITY:** CAREFREE
- **STATE:** AZ
- **ZIP:** 85377
- **BUSINESS PHONE:** 480-575-6555

**MAIL ADDRESS:**
- **STREET 1:** 8217 E SPANISH BOOT ROAD
- **CITY:** CAREFREE
- **STATE:** AZ
- **ZIP:** 85377

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q/A**

**Amendment No. 1**

☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended March 31, 2025**

**OR**

☐ **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 000-21319**

**<u>APEX 11 INC.</u>**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **46-2823100** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification Number) |

---

**8217 East Spanish Boot Road <u>Carefree, Arizona 85377</u>**

(Address of principal executive offices)

**<u>(480) 619-1575</u>**

(Issuer's telephone number, including area code)

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

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N/A | N/A |

---

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

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

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

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☐ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date.

---

| | |
|:---|:---|
| **Class** | **Outstanding at March 31, 2025** |
| Common Stock, par value $.001 per share | 62,727,829 shares |

---

**APEX 11 INC.**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **PAGE** |
| [**Part I Financial Information**](#a_001) | 4 |
| [Item 1. Financial Statements (unaudited)](#a_002) | 4 |
| [Condensed Balance Sheets](#a_003) | 4 |
| [Condensed Statements of Operations](#a_004) | 5 |
| [Condensed Statements of Stockholder's Deficiency](#a_005) | 6 |
| [Condensed Statements of Cash Flows](#a_006) | 7 |
| [Notes to the Unaudited Condensed Interim Financial Statements](#a_007) | 8 |
| [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_008) | 10 |
| [Item 3. Quantitative and Qualitative Disclosures About Market Risk](#a_009) | 12 |
| [Item 4. Controls and Procedures](#a_010) | 12 |
| [**Part II Other Information**](#a_011) | 13 |
| [Item 1. Legal Proceedings](#a_012) | 13 |
| [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#a_013) | 13 |
| [Item 3. Defaults Upon Senior Securities](#a_014) | 13 |
| [Item 4. Mine Safety Disclosures](#a_015) | 13 |
| [Item 5. Other Information](#a_016) | 13 |
| [Item 6. Exhibits](#a_017) | 13 |
| [**Signatures**](#a_018) | 14 |

---

[**Table of Contents**](#TableOfContents)

**Explanatory Note**

In this Quarterly Report on Form 10-Q, Apex 11 Inc. is sometimes referred to as the "Company", "we", "our", "us" or "registrant" and U.S. Securities and Exchange Commission is sometimes referred to as the "SEC".

This Amendment No. 1 on Form 10-Q/A amends the Apex 11 Inc. Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, as filed with the Securities and Exchange Commission ("SEC") on May 13, 2024 (the "Filing"). We are filing this Amendment No. 1 to include the following misstatements.

The Company has misstatements in the March 31, 2024 financial statements that were restated due to the following:

● Prepaid expense balances were adjusted for errors. The result was an increase to prepaid expenses and a decrease to general and administrative expenses of $516 for the three months ended March 31, 2024.

● Opening accumulated deficit and expenses were adjusted for errors. The result was an increase to accumulated deficit and a decrease in general and administrative expenses of $1,332 for the three months ended March 31, 2024.

● The basic and diluted weighted -average common shares outstanding were increased by 6,942,189 shares.

The Company restated the financial statements for the three months ended March 31, 2024 to correct the issues noted above.

The Company has misstatements in the December 31, 2024 financial statements that were restated due to the following:

● Certain expenses were not accrued in the properly period. The result was an increase to general and administrative expenses and accrued expenses of $5,550 for the year ended December 31, 2024.

The Company restated the financial statements for the year ended December 31, 2024 to correct the issues noted above.

The Company has misstatements in the March 31, 2025 financial statements that were restated due to the following:

● Opening accumulated deficit and expenses were adjusted for errors. The result was an increase to accumulated deficit and a decrease in general and administrative expenses of $5,550 for the three months ended March 31, 2025.

● Certain expenses were not accrued in the properly period. The result was an increase to general and administrative expenses and accrued expenses of $22 for the three months ended March 31, 2025.

● The basic and diluted weighted -average common shares outstanding were increased by 5,868,229 shares.

The Company restated the financial statements for the 3 months ended March 31, 2025 to correct the issues noted above.

As required by Rule 12b-15 under the Securities Exchange Act of 1934, new certifications of our principal executive officer and principal financial officer are being filed as exhibits to this Amendment No. 2 on Form 10-K/A.

Except as described above, no other changes have been made to the Amended Filing No. 1. Subsequent Filings will be filed to reflect the changes that occurred after the filing of this Amended Filing.

[**Table of Contents**](#TableOfContents)

**PART I FINANCIAL INFORMATION**

**Item 1. Financial Statements**

**APEX 11, INC.**

**CONDENSED BALANCE SHEETS**

**MARCH 31, 2025 AND DECEMBER 31, 2024 (UNAUDITED)**

---

| | | |
|:---|:---|:---|
|  | **March 31,**<br>**2025** | **December 31,**<br>**2024** |
|  | **(Unaudited)** | |
|  | **(As Restated)** | **(As Restated)** |
| **ASSETS** |  |  |
| CURRENT ASSETS |  |  |
| Prepaid expenses | $408 | $418 |
| **TOTAL ASSETS** | $408 | $418 |
| **LIABILITIES AND STOCKHOLDERS' DEFICIENCY** |  |  |
| CURRENT LIABILITIES |  |  |
| Accrued expenses | $1877 | $7805 |
| Controlling stockholder payable | 7375 |  |
| Total current liabilities | 9252 | 7805 |
| STOCKHOLDERS' DEFICIENCY |  |  |
| Preferred stock; $.0001 par value; 5,000,000 shares authorized; none issued and outstanding |  |  |
| Common stock; $.0001 par value; 100,000,000 shares authorized; 62,727,829 issued and outstanding, respectively | 6272 | 6272 |
| Additional paid-in capital | 252787 | 252787 |
| Accumulated deficit | (267903) | (266446) |
| Total stockholders' deficiency | (8844) | (7387) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY | $408 | $418 |

---

**See accompanying notes to condensed financial statements.**

[**Table of Contents**](#TableOfContents)

**APEX 11, INC.**

**CONDENSED STATEMENTS OF OPERATIONS**

**FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (UNAUDITED)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **March 31,**<br>**2025** | **March 31,**<br>**2024** |
|  | **(As Restated)** | **(As Restated)** |
| OPERATING EXPENSES |  |  |
| General and administrative | $1457 | $7757 |
| NET LOSS | $(1457) | $(7757) |
| Basic and diluted loss per common share | $(.00) | $(.00) |
| Basic and diluted weighted-average common shares outstanding | 62727829 | 56843478 |

---

**See accompanying notes to condensed financial statements.**

[**Table of Contents**](#TableOfContents)

**APEX 11, INC.**

**CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIENCY**

**FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (UNAUDITED)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Additional<br> Paid-in**<br>**Capital** | **Accumulated**<br>**Deficit** |<br>**Total** |
| BALANCES, January 1, 2025 (As Restated) | 62727829 | $6272 | $252787 | $(266446) | $(7387) |
| Net loss, as restated |  |  |  | (1457) | (1457) |
| BALANCES, March 31, 2025 (As Restated) | 62727829 | $6272 | $252787 | $(267903) | $(8844) |
| BALANCES, January 1, 2024 (As Restated) | 56843478 | $5684 | $226355 | $(233731) | $(1692) |
| Net loss, as restated |  |  |  | (7757) | (7757) |
| BALANCES, March 31, 2024 (As Restated) | 56843478 | $5684 | $226355 | $(241488) | $(9449) |

---

**See accompanying notes to condensed financial statements.**

[**Table of Contents**](#TableOfContents)

**APEX 11, INC.**

**CONDENSED STATEMENTS OF CASH FLOWS**

**FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (UNAUDITED)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **March 31,**<br>**2025** | **March 31,**<br>**2024** |
|  | **(As Restated)** | **(As Restated)** |
| OPERATING ACTIVITIES |  |  |
| Net loss | $(1457) | $(7757) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 10 | (98) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | (5928) | (2110) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Controlling stockholder payable | 7375 | 9965 |
| Cash flows from operating activities |  |  |
| Cash flows from investing activities |  |  |
| Cash flows from financing activities |  |  |
| NET CHANGE IN CASH AND CASH EQUIVALENTS |  |  |
| CASH AND CASH EQUIVALENTS, Beginning of period |  |  |
| CASH AND CASH EQUIVALENTS, End of period | $— | $— |

---

**See accompanying notes to condensed financial statements.**

[**Table of Contents**](#TableOfContents)

**APEX 11, INC.**

**NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)**

**1.** **ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Basis of Presentation** — The accompanying financial information of Apex 11, Inc. (the Company) as of and for the period ended March 31, 2025, has been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (SEC) applicable to interim financial information and is unaudited. Accordingly, certain information normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) has been condensed and/or omitted. The results for the interim period are not necessarily indicative of the results to be expected for the full year. In the opinion of management, the accompanying unaudited interim financial statements contain all necessary adjustments, consisting only of those of a recurring nature, and disclosures to present fairly our financial position and the results of our operations and cash flows for the periods presented. These unaudited interim financial statements should be read in conjunction with the financial statements and the related notes thereto included in our Form 10-12G/A for the year ended December 31, 2024, filed with the SEC on March 19, 2024.

**Organization** — The Company was incorporated under the laws of the State of Delaware on May 20, 2013 and has been inactive since inception. The Company intends to serve as a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business.

**Cash and Cash Equivalents** — For purposes of the statements of cash flows, the Company defines cash and cash equivalents as all cash on hand, demand deposits and money market investment accounts.

**Prepaid Expenses** — Payments made to vendors for goods or services that will benefit future periods are recorded as prepaid expenses until the year the goods or services are incurred.

**Accrued Liabilities** — Accrued expenses include obligations for goods and services received but not yet invoiced or paid as of the reporting date.

**Revenue Recognition** — Revenue is recognized when a customer obtains control of promised goods or services and is recognized at an amount that reflects the consideration expected to be received in exchange for such goods or services.

**Earnings (Loss) Per Share** — Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. There were no potentially dilutive securities outstanding during the periods presented.

**Income Taxes** — The Company accounts for income taxes using the asset and liability method and recognizes the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities.

The Company accounts for any uncertainty in income taxes by recognizing 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 application of income tax law is inherently complex. Laws and regulations in this area are voluminous and are often ambiguous. As such, the Company is required to make subjective assumptions and judgments regarding income tax exposures. Interpretations of and guidance surrounding income tax law and regulations change over time and may result in changes to the Company's subjective assumptions and judgments which can materially affect amounts recognized in the financial statements. The Company believes that it does not have any uncertain tax positions that are material to the financial statements.

**Use of Estimates** — The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

[**Table of Contents**](#TableOfContents)

**Going Concern** — The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of the liabilities in the normal course of business. The Company has incurred losses since inception and is currently dependent on the stockholders to fund its contemplated operational and marketing activities. The Company's ability to raise additional capital through the future issuance of common stock is unknown. Obtaining additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations is necessary for the Company to continue operations. Management believes the stockholders will continue to fund operations as long as necessary to keep the Company available for its intended purpose which is described above. However, the uncertainty regarding management's ability to successfully resolve these factors raises substantial doubt about the Company's ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

**Recently Adopted Accounting Pronouncements**— In November 2023, the FASB issued ASU 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures* (ASU 2023-07). ASU 2023-07 enhances the disclosures required for operating segments in the Company's annual and interim consolidated financial statements. The Company has one reportable segment, consulting services. The Company's Chief Operating Decision Maker is its Chief Executive Officer.

**Subsequent Events** — The Company has evaluated subsequent events and has identified none requiring recognition or disclosure.

**2.** **CONTROLLING STOCKHOLDER PAYABLE**

As of March 31, 2025, the Company has a payable of $7,375 to its controlling stockholder related to advances to fund operations. The amount is non-interest bearing and payable on demand.

**3. RESTATEMENT OF STATEMENTS**

The Company has misstatements in the March 31, 2024 financial statements that were restated due to the following:

● Prepaid expense balances were adjusted for errors. The result was an increase to prepaid expenses and a decrease to general and administrative expenses of $516 for the three months ended March 31, 2024.

● Opening accumulated deficit and expenses were adjusted for errors. The result was an increase to accumulated deficit and a decrease in general and administrative expenses of $1,332 for the three months ended March 31, 2024.

● The basic and diluted weighted -average common shares outstanding were increased by 6,942,189 shares.

The Company restated the financial statements for the three months ended March 31, 2024 to correct the issues noted above.

The Company has misstatements in the December 31, 2024 financial statements that were restated due to the following:

● Certain expenses were not accrued in the properly period. The result was an increase to general and administrative expenses and accrued expenses of $5,550 for the year ended December 31, 2024.

The Company restated the financial statements for the year ended December 31, 2024 to correct the issues noted above.

The Company has misstatements in the March 31, 2025 financial statements that were restated due to the following:

● Opening accumulated deficit and expenses were adjusted for errors. The result was an increase to accumulated deficit and a decrease in general and administrative expenses of $5,550 for the three months ended March 31, 2025.

● Certain expenses were not accrued in the properly period. The result was an increase to general and administrative expenses and accrued expenses of $22 for the three months ended March 31, 2025.

● The basic and diluted weighted -average common shares outstanding were increased by 5,868,229 shares.

The Company restated the financial statements for the 3 months ended March 31, 2025 to correct the issues noted above.

[**Table of Contents**](#TableOfContents)

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

The following discussion and analysis should be read in conjunction with our financial statements, including the notes thereto, appearing in this report and are hereby referenced. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this report. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. We believe it is important to communicate our expectations. However, our management disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.

These forward-looking statements are based on our management's current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking statement by the use of the forward-terminology, including words such as "may", "will", "believes", "anticipates", "estimates", "expects", "continues", "should", "seeks", "intends", "plans", and/or words of similar import, or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative expenses; our ability to maintain and develop relationship with our existing and potential future customers; and our ability to maintain a level of investment that is required to remain competitive. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption of operations or increases in expenses due to our involvement with litigation or caused by civil or political unrest or other catastrophic events; general economic conditions, government mandates; and, the continued employment of our key personnel and other risks associated with competition.

Apex 11 Inc. (the "Company") was incorporated on May 20, 2013, under the laws of the State of Delaware, to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. The Company was formed for the purpose of creating a corporation which could be used to consummate a merger or acquisition.

**Plan of Operation**

Apex 11 Inc. intends to seek to acquire assets or shares of an entity actively engaged in business which generates revenues, in exchange for its securities. Apex 11 Inc. plans to enter into negotiations regarding such an acquisition. The Company will obtain audited financial statements of a target entity. The Board of Directors does intend to obtain certain assurances of value of the target entity's assets prior to consummating such a transaction. These assurances consist mainly of financial statements. The Company will also examine business, occupational and similar licenses and permits, physical facilities, trademarks, copyrights, and corporate records including articles of incorporation, bylaws and minutes if applicable. In the event that no such assurances are provided the Company will not move forward with a combination with this target. Closing documents relative thereto will include representations that the value of the assets conveyed to or otherwise so transferred will not materially differ from the representations included in such closing documents.

**Results of Operations for the Three Months Ended March 31, 2025, as Compared to the Three Months Ended March 31, 2024.** 

***Revenues*.** The Company's revenues were $0 for the three-month period ended March 31, 2025, and March 31, 2024.

***Selling, General and Administrative Expenses*.** Selling, general and administrative expenses for the three months ended March 31, 2025 were $1,457 (as restated) as compared to $7,757 (as restated) for the three months ended March 31, 2024. General and administrative expenses decreased due to less expenses related to the Company filings.

[**Table of Contents**](#TableOfContents)

**Liquidity and Capital Resources**

We measure our liquidity in a number of ways, including the following:

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| | | |
|:---|:---|:---|
|  | **As of**<br> **March 31, <br> 2025**<br> **(Unaudited)**<br> **(As Restated)** | **As of**<br> **December 31, <br> 2024**<br> **(As Restated)** |
| Cash and Cash Equivalents | $0 | $0 |
| Working Capital (Deficit) | (267903) | (266446) |
| Liabilities | 9252 | 7805 |

---

The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about the Company's ability to continue as a going concern.

In order to continue as a going concern, the Company will need, among other things, additional capital resources.

**Impact of Inflation**

We believe that the rate of inflation has had a negligible effect on our operations. We believe we can absorb most, if not all, increased non-controlled operating costs by increasing sales prices, whenever deemed necessary and by operating our Company in the most efficient manner possible.

**Net Cash Used in Operating Activities**

Net cash of $0 was used in operating activities for the three months ended March 31, 2025 as compared to $0 during the three months ended March 31, 2024. The cash used in operating activities during this period was used to fund the net loss.

**Net Cash Used in Investing Activities**

The cash used in investing activities during the three months ended March 31, 2025 and 2024 were $0.

**Net Cash Provided by Financing Activities**

Cash provided by financing activities during the three months ended March 31, 2025 and 2024 were $0.

**Availability of Additional Funds**

Based on our working capital as of March 31, 2025, we will need additional equity and/or debt financing to continue our operations during the next 12 months. We have limited funds to continue our operating activities. Future operating activities are expected to be funded by loans from officers, directors and major shareholders.

**Critical Accounting Policies and Estimates**

Our financial statements and accompanying notes have been prepared in accordance with United States Generally Accepted Accounting Principles ("GAAP") applied on a consistent basis. The preparation of financial statements in conformity with United States GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. Our significant estimates and assumptions primarily relate to our ability to continue as a going concern.

We qualify as an "emerging growth company", as defined in the Jumpstart Our Business Startups Act, which became law in April, 2012. Under the JOBS Act, "emerging growth companies", can delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have elected not to avail ourselves of this exemption from new or revised accounting standards and, therefore, will be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies.

[**Table of Contents**](#TableOfContents)

***Material Commitments***

There was no material commitment during the three months ended March 31, 2025, and 2024.

***Purchase of Furniture and Equipment***

We purchased $0 of furniture or equipment during the three months ended March 31, 2025, and 2024.

***Recent Accounting Pronouncements***

FASB ASU 2019-12 – "Income Taxes (Topic 740)" – In December 2019, the FASB issued guidance which simplifies certain aspects of accounting for income taxes. The guidance is effective for interim and annual reporting periods beginning after December 15, 2020, and early adoption is permitted. We adopted this ASU in the first quarter of 2021. This ASU did not have a material effect on our condensed financial statements.

***Off Balance Sheet Arrangements***

As of March 31, 2025, we had no off-balance sheet arrangements.

**Item 3. Quantitative and Qualitative Disclosures about Market Risk**

Disclosure under this section is not required for a smaller reporting company.

**Item 4. Controls and Procedures**

**Evaluation of Disclosure Controls and Procedures**

We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms and to ensure that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer as appropriate, to allow timely decisions regarding required disclosure. Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of our disclosure controls and procedures. Based on the foregoing evaluation, our management concluded that, as of March 31, 2025, our disclosure controls and procedures were not effective to provide reasonable assurance that the information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Our management, including our Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial Officer), does not expect that our disclosure controls and procedures will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

**Changes in Internal Controls**

There were no changes in the Company's internal control over financial reporting that occurred during the three months ended March 31, 2025, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

[**Table of Contents**](#TableOfContents)

**PART II OTHER INFORMATION**

**Item 1. Legal Proceedings**

None.

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

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Mine Safety Disclosures**

Not applicable.

**Item 5. Other Information**

None.

**Item 6. Exhibits**

(a) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 31.1 | [302 Certification – Anthony J. Iarocci](apex11ex31-1.htm) |
| 32.1 | [906 Certification – Anthony J. Iarocci](apex11ex32-1.htm) |
| 101.INS | INSTANCE DOCUMENT |
| 101.SCH | SCHEMA DOCUMENT |
| 101.CAL | CALCULATION LINKBASE DOCUMENT |
| 101.DEF | DEFINITION LINKBASE DOCUMENT |
| 101.LAB | LABEL LINKBASE DOCUMENT |
| 101.PRE | PRESENTATION LINKBASE DOCUMENT |
| 104 | COVER PAGE INTERACTIVE DATA FILE (FORMATTED AS INLINE XBRL AND CONTAINED IN EXHIBIT 101) |

---

(b) Reports of Form 8-K

**None.**

[**Table of Contents**](#TableOfContents)

**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.

---

| | |
|:---|:---|
| **Apex 11 Inc.** | **Apex 11 Inc.** |
| DATE: January 26, 2026 | DATE: January 26, 2026 |
| By: | ***/s/ Anthony J. Iarocci*** |
|  | Anthony J. Iarocci |
|  | Chairman, President, Chief Executive Officer<br> and Treasurer (Principal Accounting Officer<br> and Authorized Officer) |

---

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION**

I, Anthony J. Iarocci, certify that:

1. I
have reviewed this Quarterly Report on Form 10-Q/A of Apex 11 Inc.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(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, is made known to us by others within those entities, particularly during the period
in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;(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 first 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):

&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;(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.

Date: January 26, 2026

---

| |
|:---|
| */s/ Anthony J. Iarocci* |
| Anthony J. Iarocci |
| Chief Executive Officer |
| (Principal Executive Officer) |

---

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION PURSUANT TO 18 U.S.C. 1350 AS ADOPTED**

**PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

The undersigned hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to their knowledge, the Quarterly Report on Form 10-Q/A for the period ended March 31, 2025 of Apex 11 Inc. (the "Company") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and the information contained in such periodic report fairly presents, in all material respects, the financial condition and results of operations of the Company as of, and for, the periods presented in such report.

---

| |
|:---|
| */s/ Anthony J. Iarocci* |
| Anthony J. Iarocci |
| Chief Executive Officer |
| */s/ Anthony J. Iarocci* |
| Anthony J. Iarocci |
| Chief Financial Officer |
| Dated: January 26, 2026 |

---

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to Apex 11 Inc. and will be furnished to the Securities and Exchange Commission or its staff upon request.