NATURE OF OPERATIONS |
3 Months Ended |
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Apr. 30, 2016 | |
| NATURE OF OPERATIONS | |
| NATURE OF OPERATIONS | 1. NATURE OF OPERATIONS
APT Systems, Inc. (APT Systems, the Company, "We" or "Us") was incorporated in the State of Delaware on October 29, 2010 (Inception) to engage in the creation of innovative and intuitive stock trading platforms, financial apps and visualization solutions for charting the financial markets. While management works to deliver equities trading software it also is strategically acquiring other compatible financial businesses or software which demonstrates strong growth potential stemming from a solid business plan. We have identified prospective opportunities and continue with due diligence efforts that will and do include testing software performance within funded external trading accounts. This quarter, the Company has claimed the profits earned from its testing of strategies and software as revenue. The amount of funds put into two trading accounts for preliminary testing totalled $20,000 and additional testing will continue in May and June. Small revenue had come from a previously launched publication promoting a trading strategy using an Apple developer account and it successfully tested revenue payments.
Management will continue to expand upon trading its platform named Intuitrader, and related software products, those acquired as well as those developed in-house. Any profits generated from funds used in live trading tests can be used to offset future development costs, within an operation that is planned to operate as a wholly-owned subsidiary. We constantly strive to pioneer original trading tools along with new approaches for managing risk. After beta testing, our proprietary custom charting tools and trading platforms will later be available to subscribers for a fee.
During the twelve months ended January 31, 2016, the Company was providing technical writing and computer assisted design services to other startups using a contractor, a related person (family member to the Chief Executive Officer), to generate certain additional revenues. We confirm that this revenue has diminished this quarter as anticipated and as we are able to secure other contracts or raise the necessary funding, we will re-engage the contractor to work on projects.
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