U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q


Mark One

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended July 31, 2019


[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from ______ to _______


COMMISSION FILE NO. 333-214463


LAZEX INC.

 (Exact name of registrant as specified in its charter)



Nevada

(State or Other Jurisdiction of Incorporation or Organization)


61-1789640

IRS Employer Identification Number


8748

Primary Standard Industrial Classification Code Number

68/29 Husitska st.,

Zizkov, Prague, Czech Republic 13000

Tel. 775-800-4477


(Address and telephone number of registrant's executive office)     

 

 

 

 


 




1 | Page



Indicate by checkmark whether the issuer: (1) has 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 [X]   No [  ]


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X]   No [  ]

Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ]

Accelerated filer [   ]

Non-accelerated filer [   ]

Smaller reporting company [X]

Emerging growth company [X]


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. YES [ ] NO [X]


Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [   ] No [ X ]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes [   ] No [   ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:


 

 

Class

Outstanding as of September 4, 2019

Common Stock, $0.001

6,095,000

 

 

 

 

 


 



2 | Page






 

 

 

 

LAZEX INC.

 

Part I   

FINANCIAL INFORMATION

 

Item 1

FINANCIAL STATEMENTS (UNAUDITED)

4

Item 2   

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

11

Item 3  

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

13

Item 4

CONTROLS AND PROCEDURES

13


PART II


OTHER INFORMATION

 

Item 1   

LEGAL PROCEEDINGS

14

Item 2 

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

14

Item 3   

DEFAULTS UPON SENIOR SECURITIES

14

Item 4      

MINE SAFETY DISCLOSURES

14

Item 5  

OTHER INFORMATION

14

Item 6

EXHIBITS

14

 

SIGNATURES

14



 

 

 

 

 

 

 

 

 

 

 


 

3 | Page





LAZEX INC.

CONDENSED BALANCE SHEETS

 

 July 31, 2019

 April 30, 2019

 

(Unaudited)

 

ASSETS

 

 

Current Assets

 

 

 

Cash

   $        1,070

$        1,994

 

Prepaid expenses

645

645

 

Total Current assets

1,715

2,639

Fixed assets, net of accumulated depreciation

500

750

Intangible assets, net of accumulated depreciation

1,334

1,734

Total Assets                                                         

$       3,549

$       5,123

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current  Liabilities

 

Accrued expenses

$             -   

$               -

 

Stock refund payable

1,200

1,200

 

 Loan from related parties

          16,264

          10,114

Total Current Liabilities

17,464

11,314

 

Commitment and Contingencies

-

-

 

Stockholders’ Equity (Deficit)

  

Common stock, $0.001 par value, 75,000,000 shares authorized;

 

 

6,095,000  shares issued and outstanding

6,095

6,095

 

Additional paid-in-capital

20,805

20,805

 

Accumulated Deficit

(40,815)

(33,091)

Total Stockholders’ Equity (Deficit)

(13,915)

(6,191)

 

 

 

Total Liabilities and Stockholders’ Equity (Deficit)

$     3,549

$        5,123



 

 

 

 

 

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.



4 | Page




LAZEX INC.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

 

Three months ended July 31, 2019

Three months ended July 31, 2018

 

 


Revenue

$                  -

$                    -

 

 

Operating expenses

 

 

 

 

General and administrative expenses

1,774

1,617

 

 

Accounting and legal

5,950

4,900

 

 

Total Operating expenses

7,724

6,517

 

 

Net income (loss) from operations

(7,724)

(6,517)

 

 

Income (loss) before taxes

(7,724)

(6,517)

 

 

Provision for taxes

-

-

 

 

Net income (loss)

 $             (7,724)

$                  (6,517)

 

 

Loss per common share:

Basic and Diluted

$                  (0.00)

$                    (0.00)

 

 

Weighted Average Number of Common Shares Outstanding:

Basic and Diluted

6,095,000

6,155,000

 

 


 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.



5 | Page





LAZEX INC.

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

 (Unaudited)

 

Number of

Common

Shares


Common Stock

Additional

Paid-in-

Capital

Retained Earnings



Total

Balances as of April 30, 2018 (Audited)

6,155,000

$  6,155

$ 21,945

$ (4,802)  

$   23,298

Common shares canceled on May 15, 2018

(60,000)

(60)

(1,140)

-

(1,200)

Net loss for the three months ended July 31, 2018                                                                

-

-

-

(6,517)

(6,517)

Balance as of July 31, 2018

6,095,000

6,095

20,805

(11,319)

15,581

Net loss for the nine months ended April 30, 2019

-

-

-

(21,772)

(21,772)

Balances as of April 30, 2019 (Audited)

6,095,000

6,095

20,805

(33,091)

(6,191)

Net loss for the three months ended July 31, 2019                                                                

-

-

-

(7,724)

(7,724)

Balance as of July 31, 2019

6,095,000

$  6,095

$  20,805

$(40, 815)

$   (13,915)


 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.




6 | Page





LAZEX INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

 

Three months ended July 31, 2019

Three months ended July 31, 2018

 

Operating Activities

 

 

 

 

Net income (loss)

$                   (7,724)

$                   (6,517)

 

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

Depreciation and amortization expense

650

650

 

 

Changes in operating assets and liabilities

 

 

 

 

Accrued expenses

-

1,801

 

 

Net cash provided by (used in) operating activities

(7,074)

(4,066)

 

 

 

 

 

Financing Activities

 

 

 

 

Proceeds from loans

6,150

-

 

 

Net cash provided by financing activities

6,150

-

 

 

 

 

 

 

Net increase (decrease) in cash and equivalents

(924)

(4,066)

 

Cash and equivalents at beginning of the period

1,994

20,782

 

Cash and equivalents at end of the period

$                      1,070

$                    16,716

 

 

Supplemental cash flow information:

 

 

 

 

Cash paid for:

 

 

 

 

Interest                                                                                               

$                              -

$                             -

 

 

Taxes                                                                                           

$                              -

$                             -

 

Supplemental Disclosure of Non-cash Investing and Financing Activities:

 

 

 

 

Cancellation of Common stock for refund payable

$                      1,200

$                             -

 


The accompanying notes are an integral part of these unaudited condensed financial statements.



 

 

 

 

 



 

7 | Page




LAZEX INC.

NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTH PERIODS ENDED JULY 31, 2019 AND 2018


NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

 

Organization and Description of Business


LAZEX INC. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on July 12, 2015.  The Company operates in the travel agency and tours consulting business.


NOTE 2 – GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has an accumulated deficit since Inception (July 12, 2015) of $40,815 as of July 31, 2019 and more losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.


The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.  

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Interim Financial Statements


The accompanying unaudited condensed financial statements of Lazex Inc. have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America and rules of the Securities and Exchange Commission, and should be read  in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and results of operations for the interim period presented have been reflected herein. The results of the operations for the three months ended July 31, 2019 are not necessarily indicative of the results for the year ended April 30, 2020.


Use of Estimates


The preparation of financial statements in conformity with U.S. 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. Accordingly, actual results could differ from those estimates.


Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

 

 

 



 

8 | Page



Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, accounts payable and amounts due to related parties.  The carrying amount of these financial instruments approximate fair value due to their short-term maturity.

Foreign Operations

The Company’s assets and operations are primarily maintained and conducted in the Czech Republic.  The Company’s functional currency is the US dollar and its cash is deposited in US based banks and is denominated in US dollars.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

Intangible Assets

Computer Software is stated at cost and amortized on the straight-line method over the estimated life of 3 years.  At July 31, 2019 total capitalized cost was $4,800 and accumulated amortization was $3,466. At April 30, 2019 total capitalized cost was $4,800 and accumulated amortization was $3,066. Amortization expense for the three months ended July 31, 2019 was $400. Amortization expense for the three months ended July 31, 2018 was $400.

Property and Equipment

Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years.  At July 31, 2019 total capitalized cost was $3,000 and accumulated depreciation was $2,500. At April 30, 2019 total capitalized cost was $3,000 and accumulated depreciation was $2,250. Depreciation expense for the three months ended July 31, 2019 was $250. Depreciation expense for the three months ended July 31, 2018 was $250.

Net (Loss) Per Share

The Company computes net income (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the periods ended July 31, 2019 and 2018, there were no potentially dilutive common shares outstanding.

Income Taxes

The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Revenue Recognition

Beginning on May 1, 2018 we adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and consulting services.   The adoption of ASC Topic 606 had no impact on our prior year or previously disclosed amounts.

 

 



9 | Page


 In accordance with ASC Topic 606, revenue is recognized when the following criteria are met:

·

Identification of the contract, or contracts, with customer;

·

Identification of the performance obligations in the contract;

·

Determination of the transaction price;

·

Allocation of the transaction price to the performance obligations in the contract; and

·

Recognition of revenue when, or as, we satisfy performance obligation.

As of the three months ended July 31, 2019 and 2018, the Company did not generate any revenue.

Recent Accounting Pronouncements

Although there are several new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or results of operations.

NOTE 4 – CAPTIAL STOCK


The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share.  As of July 31, 2019, the Company had 6,095,000 shares issued and outstanding.


NOTE 5 – RELATED PARTY TRANSACTIONS

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  


Since July 12, 2015 (Inception) through July 31, 2019, the Company’s sole officer and director loaned the Company $16,264 to pay for incorporation costs and operating expenses.  As of July 31, 2019 the amount outstanding was $16,264 compared to $10,114 as of April 30, 2018. The loan is non-interest bearing, due upon demand and unsecured.


The Company’s sole officer and director provided services and office space. The Company does not pay any rent to or compensation for services rendered by its sole officer and director, and there is no agreement to pay any rent or compensation in the future.


NOTE 6 – SUBSEQUENT EVENTS

 

In accordance with ASC 855-10 management has performed an evaluation of subsequent events from July 31, 2019 through the date the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

 

 

 



10 | Page




ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION


FORWARD LOOKING STATEMENTS


Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.


DESCRIPTION OF BUSINESS

We are an operating company which provides travel consulting and tour guide services. Our main function can be described as to consult customers and help them to arrange the itinerary, by building a route, which includes breweries in the region of their choice. We provide customers with information concerning transportation, the cost of it and how it operates. Whenever needed, we provide additional services on orientation, for instance, provide information concerning medical facilities, food stores, car repairs or additional entertainments, transportation and ways of using it in the cases mentioned above. We also provide tour guide services specializing in arranging brewery tours for tourists visiting the Czech Republic. The highest rate of the beer consumption per capita in the world is in the Czech Republic. There are many breweries and beer museums in the Czech Republic. Our president and director has agreements with the majority of them regarding our service delivery. We provide information on accommodations suitable for our customers in terms of prices and location. We also alter the route of the itinerary depending on the longevity of the desired tour and the money our customers expect to spend. Expecting our customers to face difficulties in negotiating with locals, we may offer to provide assistance in either negotiating or provide the service of an interpreter. For instance, if clients accept it, we negotiate booking of apartments, details of car rental on behalf of our customers and in their interest, or we expect to be at service in any other case when customers might need assistance in negotiating. We generate a route based on the following criteria listed in an application form: 1) regions the customers would like to visit 2) period of their stay in the country 3) amount of money they expect to spend on a tour. We pay attention to local craft breweries, bars and pubs. We expect to continue working with worldwide famous craft breweries.

RESULTS OF OPERATIONS


Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.


We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.


Three months ended July 31, 2019 compared to three months July 31, 2018.


During the three months periods ended July 31, 2019 and 2018, we have not generated any revenue.


During the three months ended July 31, 2019, we incurred expenses of $7,724 compared to $6,517 incurred during the three month period ended July 31, 2018.  The increase can be explained by a $1,050 increase in accounting and legal costs.


Our net loss for the three months ended July 31, 2019 was $7,724 compared to a net loss of $6,517 during the three month period ended July 31, 2018.

 

 

 

 



11 | Page






LIQUIDITY AND CAPITAL RESOURCES


As of July 31, 2019, our total assets were $3,549 compared to $5,123 in total assets at April 30, 2019. As of July 31, 2019, our total liabilities were $17,464 compared to $11,314 in total liabilities at April 30, 2019. The decrease in total assets was due to a decrease in cash and depreciation and amortization expenses. The increase in liabilities is related to increase in the loan from related parties.


Stockholders’ deficit increased from $6,191 as of April 30, 2019 to $13,915 as of July 31, 2019 due to net loss of $7,724 during the three months period ended July 31, 2019.


Cash Flows used by Operating Activities


For the three month period ended July 31, 2019, net cash flows used in operating activities was $7,074. Net cash flows used in operating activities was $4,066 for the three month period ended July 31, 2018. Net cash flow used in operating activities increased due to the higher net loss.


Cash Flows from Financing Activities


For the three month period ended July 31, 2019, net cash flows from financing activities was $6,150 resulting from proceeds from the loans from related parties compared to $0 for the three month period ended July 31, 2018.


PLAN OF OPERATION AND FUNDING


We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.


Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

 

 

 

 



 

12 | Page





OFF-BALANCE SHEET ARRANGEMENTS


As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.


GOING CONCERN


The independent registered public accounting firm auditors' report accompanying our April 30, 2019 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


As a "smaller  reporting  company" as defined by Item 10 of Regulation  S-K, the Company is not required to provide information required by this Item.


ITEM 4. CONTROLS AND PROCEDURES


Disclosure Controls and Procedures


Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Our principal executive officer and principal financial and accounting officer have reviewed the effectiveness of our “disclosure controls and procedures” (as defined in the Securities Exchange Act of 1934 Rules 13(a)-15(e) and 15(d)-15(e)) within the end of the period covered by this Quarterly Report on Form 10-Q and have concluded that the disclosure controls and procedures were not effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner.


Changes in Internal Controls over Financial Reporting


There have been no changes in the Company's internal control over financial reporting during the three month period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

 

 

 



 

13 | Page



PART II. OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS


Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.


ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


None.



ITEM 3. DEFAULTS UPON SENIOR SECURITIES


No senior securities were issued and outstanding during the three-month period ended July 31, 2019.


ITEM 4. MINE SAFETY DISCLOSURES


Not applicable to our Company.


ITEM 5. OTHER INFORMATION


None.

ITEM 6. EXHIBITS


Exhibits:


31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)

32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002

101.INS  XBRL Instance Document*

101.SCH XBRL Taxonomy Extension Schema Document*

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document*

101.DEF XBRL Taxonomy Extension Definition Document*

101.LAB XBRL Taxonomy Extension Label Linkbase Document*

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document*

*Previously filed


SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

 

 

LAZEX INC.

Dated: September 4, 2019

By: /s/ Iuliia Gitelman

 

Iuliia Gitelman, President and Chief Executive Officer and Chief Financial Officer







14 | Page



     

Exhibit 31.1

  

Certification of Chief Executive Officer pursuant to Securities Exchange

Act of 1934 Rule 13a-14(a) or 15d-14(a).  



I, Iuliia Gitelman, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of Lazex, 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 this report;

  

4. The registrants other certifying officer 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 we have:

  

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, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  

 

 

 

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;

 

  

 

 

 

c)

  

evaluated the effectiveness of the registrants 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

 

  

 

 

 

d)

  

disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and

 

  

 

 

 

5.

  

The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):

 

  

 

 

 

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 registrants ability to record, process, summarize and report financial information; and

 

  

 

 

 

b)

  

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.

 

  

  

  

  

  

 

 

 

 

  

  

  

  

  

 

 

 

 

  

  

  

September 4, 2019,                                          By:

/S/                           Iuliia Gitelman

  

 

 

 

Name:         Iuliia Gitelman

  

 

 

                                                                                                                                Title:                 President and

                                                                                                                                                         Chief Executive Officer and Chief Financial Officer




     

Exhibit 32.1

  

  

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

  


  

In connection with the Quarterly Report of Lazex, Inc. (the Company) on Form 10-Q for the quarter ended July 31, 2019, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Iuliia Gitelman, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

 

 

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

 

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.




September  4, 2019                                                       By:       S/                            Iuliia Gitelman

                                                                                  Name:                           Iuliia Gitelman

                                                                                  Title:                           President and Chief Executive Officer and Chief Financial Officer