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<kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">1.</kbd><kbd style="margin-left:36pt"></kbd>ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization - Apex 11, Inc. (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 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 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 - Improvements to Income Tax Disclosures – In December 2023, the Financial Accounting Standards Board (“FASB”) issued guidance that expands income tax disclosures for public entities, including requiring enhanced disclosures related to the rate reconciliation and income taxes paid information. The guidance is effective for annual disclosures for fiscal years beginning after December 15, 2024, with early adoption permitted. The guidance should be applied on a prospective basis, with retrospective application to all prior periods presented in the financial statements permitted. During the fourth quarter of 2025, the Company elected to adopt this guidance prospectively and added necessary disclosures upon adoption as disclosed in Note 3, Income Taxes. Disaggregation of Income Statement Expenses – In November 2024, the FASB issued guidance that requires disclosure of disaggregated information about certain income statement expense line items. The guidance is effective for annual disclosures for fiscal years beginning after December 15, 2026, and subsequent interim periods with early adoption permitted, and requires retrospective application to all prior periods presented in the financial statements. The Company is currently evaluating the impact this new guidance will have on its disclosures upon adoption and expect to provide additional detail and disclosures under this new guidance. Measurement of Credit Losses for Accounts Receivable and Contract Assets - In July 2025, the FASB issued guidance that provides a practical expedient that all entities can use to simplify the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. The guidance is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods in those years, with early adoption permitted. Entities that elect the practical expedient are required to apply the amendments prospectively. The Company has adopted this guidance on January 1, 2026, and the adoption did not have a material impact on the financial statements or disclosures and the Company does not have any accounts receivables or contract assets. Subsequent Events - The Company has evaluated subsequent events and has identified none requiring recognition or disclosure.

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.

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 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Recently Adopted Accounting Pronouncements - Improvements to Income Tax Disclosures – In December 2023, the Financial Accounting Standards Board (“FASB”) issued guidance that expands income tax disclosures for public entities, including requiring enhanced disclosures related to the rate reconciliation and income taxes paid information. The guidance is effective for annual disclosures for fiscal years beginning after December 15, 2024, with early adoption permitted. The guidance should be applied on a prospective basis, with retrospective application to all prior periods presented in the financial statements permitted. During the fourth quarter of 2025, the Company elected to adopt this guidance prospectively and added necessary disclosures upon adoption as disclosed in Note 3, Income Taxes.

Measurement of Credit Losses for Accounts Receivable and Contract Assets - In July 2025, the FASB issued guidance that provides a practical expedient that all entities can use to simplify the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. The guidance is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods in those years, with early adoption permitted. Entities that elect the practical expedient are required to apply the amendments prospectively. The Company has adopted this guidance on January 1, 2026, and the adoption did not have a material impact on the financial statements or disclosures and the Company does not have any accounts receivables or contract assets.

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

<kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">2.</kbd><kbd style="margin-left:36pt"></kbd>STOCKHOLDERS’ DEFICIENCY Preferred Stock – The Company is authorized to issue 5,000,000 shares of $0.0001 par value preferred stock. As of March 31, 2026 and 2025, no shares of preferred stock have been issued. Common Stock – The Company is authorized to issue 100,000,000 shares of $0.0001 par value common stock. As of March 31, 2026 and 2025, 74,491,958 and 62,727,829 shares were issued and outstanding, respectively.

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<kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">3.</kbd><kbd style="margin-left:36pt"></kbd>INCOME TAXES Significant components of the Company's deferred income tax assets and liabilities are as follows at March 31: <table style="margin:0 auto;border-collapse:collapse;width:97.34%"><tr><td style="width:54.74%" valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2026 </td><td style="width:4.04%" valign="bottom"> </td><td colspan="2" style="width:20.22%;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td></tr> <tr><td style="width:54.74%" valign="top"> </td><td colspan="2" style="width:21%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="width:4.04%" valign="bottom"> </td><td colspan="2" style="width:20.22%;border-top:0.5pt solid #000000" valign="top"> </td></tr> <tr><td style="background-color:#DBE5F1;width:54.74%" valign="top">Deferred income tax asset – net operating loss carryforward </td><td style="background-color:#DBE5F1;width:3.8%" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:17.2%" valign="bottom">83,624 </td><td style="background-color:#DBE5F1;width:4.04%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:4.82%" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:15.4%" valign="bottom">69,010 </td></tr> <tr><td style="width:54.74%" valign="top">Valuation allowance </td><td style="width:3.8%" valign="bottom"> </td><td style="width:17.2%" valign="bottom">(83,624) </td><td style="width:4.04%" valign="bottom"> </td><td style="width:4.82%" valign="bottom"> </td><td style="width:15.4%" valign="bottom">(69,010) </td></tr> <tr><td style="background-color:#DBE5F1;width:54.74%" valign="top"> </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:17.2%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:4.04%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:4.82%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:15.4%;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td style="width:54.74%" valign="top">Net deferred income tax asset </td><td style="width:3.8%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:17.2%;border-bottom:3px double #000000" valign="bottom">- </td><td style="width:4.04%" valign="bottom"> </td><td style="width:4.82%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:15.4%;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table> At March 31, 2026, the Company had approximately $322,000 of net operating loss (NOL) carryforwards available to offset future taxable income, which begin to expire in 2033. However, a valuation allowance has been recorded reducing the NOL net deferred tax asset to zero because of uncertainty as to the ultimate utilization of the net operating losses to which it relates. The Company adopted guidance that expands income tax disclosures, including requiring enhanced disclosures related to the rate reconciliation and income taxes paid information, effective January 1, 2025, on a prospective basis. The federal statutory rate used is 21%. The statutory rate reconciles to the effective income tax rate as follows: <table style="margin:0 auto;border-collapse:collapse;width:47.68%"><tr><td style="background-color:#DBE5F1" valign="top">Federal tax rate </td><td style="background-color:#DBE5F1;width:35.1%" valign="bottom">21.00% </td></tr> <tr><td valign="top">State tax rate </td><td style="width:35.1%" valign="bottom">4.90% </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Changes in valuation allowances </td><td style="background-color:#DBE5F1;width:35.1%" valign="bottom">(25.90)% </td></tr> <tr><td valign="top">Effective tax rate </td><td style="width:35.1%" valign="bottom">0.00% </td></tr> </table>

<table style="margin:0 auto;border-collapse:collapse;width:97.34%"><tr><td style="width:54.74%" valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2026 </td><td style="width:4.04%" valign="bottom"> </td><td colspan="2" style="width:20.22%;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td></tr> <tr><td style="width:54.74%" valign="top"> </td><td colspan="2" style="width:21%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="width:4.04%" valign="bottom"> </td><td colspan="2" style="width:20.22%;border-top:0.5pt solid #000000" valign="top"> </td></tr> <tr><td style="background-color:#DBE5F1;width:54.74%" valign="top">Deferred income tax asset – net operating loss carryforward </td><td style="background-color:#DBE5F1;width:3.8%" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:17.2%" valign="bottom">83,624 </td><td style="background-color:#DBE5F1;width:4.04%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:4.82%" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:15.4%" valign="bottom">69,010 </td></tr> <tr><td style="width:54.74%" valign="top">Valuation allowance </td><td style="width:3.8%" valign="bottom"> </td><td style="width:17.2%" valign="bottom">(83,624) </td><td style="width:4.04%" valign="bottom"> </td><td style="width:4.82%" valign="bottom"> </td><td style="width:15.4%" valign="bottom">(69,010) </td></tr> <tr><td style="background-color:#DBE5F1;width:54.74%" valign="top"> </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:17.2%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:4.04%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:4.82%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:15.4%;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td style="width:54.74%" valign="top">Net deferred income tax asset </td><td style="width:3.8%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:17.2%;border-bottom:3px double #000000" valign="bottom">- </td><td style="width:4.04%" valign="bottom"> </td><td style="width:4.82%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:15.4%;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table>

83624

69010

83624

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<table style="margin:0 auto;border-collapse:collapse;width:47.68%"><tr><td style="background-color:#DBE5F1" valign="top">Federal tax rate </td><td style="background-color:#DBE5F1;width:35.1%" valign="bottom">21.00% </td></tr> <tr><td valign="top">State tax rate </td><td style="width:35.1%" valign="bottom">4.90% </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Changes in valuation allowances </td><td style="background-color:#DBE5F1;width:35.1%" valign="bottom">(25.90)% </td></tr> <tr><td valign="top">Effective tax rate </td><td style="width:35.1%" valign="bottom">0.00% </td></tr> </table>

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<kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">4.</kbd><kbd style="margin-left:36pt"></kbd>RESTATEMENT OF PRIOR YEAR FINANCIAL STATEMENTS The Company had misstatements in the March 31, 2025 financial statements that were restated due to the following: <kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt">·</kbd>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. <kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt">·</kbd>Certain expenses were not accrued in the proper period. The result was an increase to general and administrative expenses and accrued expenses of $22 for the three months ended March 31, 2025. <kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt">·</kbd>The basic and diluted weighted -average common shares outstanding were increased by 5,868,229 shares. The Company restated the financial statements for the three months ended March 31, 2025 to correct the issues noted above.

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