NATURE OF OPERATIONS |
9 Months Ended |
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Oct. 31, 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 demonstrate 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 continued to claim income earned from its testing of strategies and trading software as revenue. The testing continues to generate positive returns. Some revenue continues to come from the Apple store from a previously launched publication promoting a trading strategy that is successfully testing Apple revenue payment delivery.
Management will continue to expand upon trading its platform named Intuitrader and related software products, being those recently acquired called Global Trader 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, for which there is a plan to operate from within a wholly-owned subsidiary. We constantly strive to pioneer original trading tools and indicators along with new approaches for managing trading risk. After beta testing is completed, our proprietary custom charting tools and trading platform apps 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 there is no consulting revenue this quarter as was anticipated and if 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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