Semiannual Report Pursuant to Regulation a (1-sa)
May 17 2018 - 4:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
1-SA
SEMIANNUAL
REPORT PURSUANT TO REGULATION A
SPECIAL
FINANCIAL REPORT PURSUANT TO REGULATION A
For
the fiscal semiannual period ended: July 31, 2017
APPLIQATE
INC
(Exact
Name of Registrant as Specified in its Charter)
|
Wyoming
|
|
81-0953022
|
|
(State
or other jurisdiction
|
|
(IRS
Employer
|
|
of
Incorporation)
|
|
Identification
Number)
|
12646
South Fort St, Suite 240
Draper,
UT 84020
(Address
of Principal Executive Offices)
(801)
203-3978)
|
Item
1.
|
Management’s
Discussion and Analysis of Financial Condition and Results of Operations
|
The
following presents managements analysis of the financial condition of Appliqate Inc.as of July, 31 2017.
Accounting
Policies
The
accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United
States and conform to general practices within the banking industry.
Results
of Operations of the Company Ending July 31, 2017
The
company has started signing customers and is beginning to generate revenues based on a subscription to our text marketing program.
Our text based rewards program is estimated to be completed by the beginning of the third quarter in 2018. The design and implementation
of these programs will set a distinct selling advantage in the digital marketing industry by combining these powerful marketing
tools into one easy to use account.
Liquidity
and Capital Resources of the Company
As
previously noted, we are a start-up company and our ability to succeed in the market will greatly depend on our ability to secure
investment funding through the sale of securities. We intend to use proceeds of the sale of securities to increase our market
presence through advertising and hiring key staff members that will assist us in forming strategic partnerships. At the period
end the company had $2,366.77 cash on hand. Revenues of $11,572.38 were collected from sales. Sources of future liquidity will
greatly depend on our ability to secure investment funding through the sale of securities. We intend to raise the funds necessary
through security sales and not undertake additional loans. If needed we are able to secure additional loans from private individuals
as well as banking institutions.
|
Item
2.
|
Other
Information
|
None
|
Item
3.
|
Financial
Statements
|
APPLIQATE
INC BALANCE SHEET
July
31, 2017
(unaudited)
|
|
|
July 31, 2017
|
|
|
ASSETS
|
|
|
|
|
|
Cash
|
|
|
2,366.77
|
|
|
|
|
|
|
|
|
Total assets
|
|
|
2,366.77
|
|
|
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities
|
|
|
2,532.54
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
2,532.54
|
|
|
Equity
|
|
|
|
|
|
Common Stock
|
|
|
64,595
|
|
|
Additional paid-in-capital
|
|
|
111,555
|
|
|
Retained earnings
|
|
|
-190,078.27
|
|
|
Net Income
|
|
|
-1,237.50
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
-15,165.77
|
|
|
Total Liabilities and Equity
|
|
|
52,366.77
|
|
APPLIQATE
INC PROFIT AND LOSS
July
31, 2017
(unaudited)
|
|
|
July 31, 2017
|
|
|
INCOME
|
|
|
|
|
|
Sales
|
|
|
11,572.38
|
|
|
Total Income
|
|
|
11,572.38
|
|
|
Cost of Goods Sold
|
|
|
|
|
|
|
|
|
|
|
|
Total Cost of Goods Sold
|
|
|
|
|
|
Gross Profit
|
|
|
11,572.38
|
|
|
|
|
|
|
|
|
Expenses
|
|
|
|
|
|
Bank Charges
|
|
|
183.00
|
|
|
Consulting – Officer and BOD
|
|
|
11,800.00
|
|
|
Dues and Subscriptions
|
|
|
9.00
|
|
|
Legal & Professional Fees
|
|
|
150.00
|
|
|
Merchant Service fees
|
|
|
336.84
|
|
|
Total Expenses
|
|
|
12,809.88
|
|
|
Net Operating Income
|
|
|
-1,237.50
|
|
|
Net Income
|
|
|
-1,237.50
|
|
SIGNATURES
Pursuant
to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized, on May 17, 2018.
|
|
APPLIQATE
INC
|
|
|
|
|
|
By:
|
/s/
David Anderson
|
|
|
Name:
|
David
Anderson
|
|
|
Title:
|
President,
Chief Executive Officer and Director
|
Pursuant
to the requirements of Regulation A, this report has been signed below by the following persons on behalf of the issuer and in
the capacities on May 17, 2018.
|
|
/s/
David Anderson
|
|
|
Name:
David Anderson
|
|
|
President,
Chief Executive Officer and Director
|
|
|
(Principal
Executive Officer)
|
|
|
|
|
|
/s/
Jordan Hemming
|
|
|
Name:
Jordan Hemming
|
|
|
Executive
Vice President
|
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