10-Q

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 October 31, 2017

[   ] 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)     

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 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]

(Do not check if a smaller reporting company) Emerging growth company [   ]

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 December 15, 2017
Common Stock, $0.001	6,155,000

1 | Page

	LAZEX INC.
Part I	FINANCIAL INFORMATION
Item 1	FINANCIAL STATEMENTS (UNAUDITED)	3
Item 2	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	9
Item 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	11
Item 4	CONTROLS AND PROCEDURES	11
PART II	OTHER INFORMATION
Item 1	LEGAL PROCEEDINGS	12
Item 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	12
Item 3	DEFAULTS UPON SENIOR SECURITIES	12
Item 4	MINE SAFETY DISCLOSURES	12
Item 5	OTHER INFORMATION	12
Item 6	EXHIBITS	12
	SIGNATURES	12

2 | Page

LAZEX INC. BALANCE SHEETS (Unaudited)
		OCTOBER 31, 2017	APRIL 30, 2017
ASSETS
Current Assets
	Cash	$        19,423	$        15,970
	Prepaid expenses	645	645
	Total Current assets	20,068	16,615
Fixed assets, net of accumulated depreciation		2,250	2,750
Intangible assets, net of accumulated depreciation		4,268	-
Total Assets		$       26,586	$       19,365
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current  Liabilities
	Accrued expenses	$               -	$               5,873
	Loan from related parties	1,114	1,114
Total Liabilities		1,114	6,987
Stockholders’ Equity
	Common stock, $0.001 par value, 75,000,000 shares authorized;
	5,955,000 and 5,220,000 shares issued and outstanding as of October 31, 2017 and April 30, 2017, respectively	5,955	5,220
	Additional paid-in-capital	18,145	4,180
	Retained Earnings	1,372	2,978
Total Stockholders’ Equity		25,472	12,378
Total Liabilities and Stockholders’ Equity		$     26,586	$        19,365

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

3 | Page

LAZEX INC. STATEMENTS OF OPERATIONS (Unaudited)
	Three months ended October 31, 2017	Three months ended October 31, 2016	Six months ended October 31, 2017	Six months ended October 31, 2016
Revenue	$                  5,300	$              4,800	$                    13,240	$                  4,800
Operating expenses
General and administrative expenses	856	-	2,266	20
Accounting and legal	3,546	1,500	5,546	3,500
Consulting services	-	-	4,000	-
Videography service	-	-	3,000	-
Total Operating expenses	4,402	1,500	14,812	3,520
Net income (loss) from operations	898	3,300	(1,572)	1,280
Income (Loss) before taxes	898	3,300	(1,572)	1,280
Provision for taxes	(34)	-	(34)	-
Net income (loss)	$                   864	$                 3,300	$                   (1,606)	$                 1,280
Income (Loss) per common share: Basic and Diluted	$                  0.00	$                   0.00	$                        0.00	$                   0.00
Weighted Average Number of Common Shares  Outstanding: Basic and Diluted	5,694,565	5,000,000	5,511,929	5,000,000

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

4 | Page

LAZEX INC. STATEMENTS OF CASH FLOWS (Unaudited)
		Six months ended October 31, 2017	Six months ended October 31, 2016
Operating Activities
	Net income (loss)	$                     (1,606)	$                   1,280
	Adjustments to reconcile net loss to net cash used in operating activities:
	Depreciation and amortization expense	1,032	-
	Changes in operating assets and liabilities
	Accrued expenses	(5,873)	1,500
	Net cash provided by (used in) operating activities	(6,447)	2,780
Investing Activities
Acquisition of intangible assets		(4,800)	-
Net Cash used in Investing Activities		(4,800)	-
Financing Activities
	Proceeds from sale of common stock	14,700	-
	Net cash provided by financing activities	14,700	-
Net increase in cash and equivalents		3,453	2,780
Cash and equivalents at beginning of the period		15,970	5,100
Cash and equivalents at end of the period		$                      19,423	$                     7,880
	Supplemental cash flow information:
	Cash paid for:
	Interest	$                                -	$                             -
	Taxes	$                             34	$                             -

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

5 | Page

LAZEX INC.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTH PERIODS ENDED OCTOBER 31, 2017 AND 2016, AND YEAR ENDED APRIL 30, 2017

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

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.

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 retained earnings since Inception (July 12, 2015) of $1,372 as of October 31, 2017 however 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.  

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 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments considered necessary to present fairly in all material respects the financial position as of October 31, 2017.

Interim Financial Statements

These financial statements should be read in conjunction with the audited financial statements and accompanying notes for the year ended April 30, 2017, and have been prepared on a consistent basis with the accounting policies described in Note 2 - Summary of Significant Accounting Policies of the Notes to Financial Statements included in our Annual Report on Form 10-K for the year ended April 30, 2017. Our accounting policies did not change in the first three months of our current fiscal year. Operating results for the three months ended October 31, 2017 are not necessarily indicative of the results that may be expected for the year ending April 30, 2018 or any future period.

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.

6 | Page

Property and Equipment Depreciation Policy

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.

Intangible assets

Computer Software is stated at cost and amortized on the straight-line method over the estimated life of 3 years.

Net Income (Loss) Per Share

The Company computes 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 loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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.

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

The Company recognizes revenue after tours have been completed, travel consulting services have been provided and collection has been reasonably assured in accordance with the recognition criteria of SAB 104. We record revenue when persuasive evidence of an arrangement exists, the services have been provided, the price to the customer is fixed or determinable and collectability of the revenue is reasonably assured. As of six months ended October 31, 2017 we generated $13,240 in revenues for tours and travel consulting services. None of these services were provided to related parties.  

Subsequent events

The Company follows the guidance in ASC 855-10-50 for the disclosure of subsequent events. The Company evaluates subsequent events through the date when financial statements are issued.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the company.

NOTE 3 – CAPTIAL STOCK

The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share.  As of October 31, 2017, the Company had 5,955,000 shares issued and outstanding.

For the six months ended October 31, 2017, the Company issued 735,000 shares of its common stock at $0.02 per share for total proceeds of $14,700.

NOTE 4 – 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 attains 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 October 31, 2017, the Company’s sole officer and director loaned the Company $1,114 to pay for incorporation costs and operating expenses.  As of October 31, 2017, the amount outstanding was $1,114. 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.

7 | Page

NOTE 5 - MAJOR CUSTOMERS

During three months ended October 31, 2017 and October 31, 2016, the following customers represented more than 10% of the Company’s sales:

Customer	Three months ended October 31, 2017		Three months ended October 31, 2016
	$	%	$	%
Customer A	-	-	3,000	62.50
Customer B	-	-	1,800	37.50
Customer C	-	-	-	-
Customer D	5,300	100.00	-	-
Total concentration	5,300	100.00	4,800	100.00

During six months ended October 31, 2017 and October 31, 2016, the following customers represented more than 10% of the Company’s sales:

Customer	Six months ended October 31, 2017		Six months ended October 31, 2016
	$	%	$	%
Customer A	2,490	18.81	3,000	62.50
Customer B	2,950	22.28	1,800	37.50
Customer C	2,500	18.88	-	-
Customer D	5,300	40.03	-	-
Total concentration	13,240	100.00	4,800	100.00

NOTE 6 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 management has performed an evaluation of subsequent events from October 31, 2017 through the date the financial statements were available to be issued, December 14, 2017.

For the period subsequent to October 31, 2017 through December 15, 2017 the Company issued 200,000 shares of common stock at $0.02 per share for a proceed of $4,000.

8 | 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 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 October 30, 2017 compared to three months October 30, 2016.

During three months ended October 31, 2017, we generated $5,300 in revenue compared to $4,800 in revenue during the three month period ended October 31, 2016. The company provided travel consulting and tour guide services. The revenue increased due to changes in price per tour, that depends on a tour program, duration of a tour and size of a tour group.

9 | Page

During the three months ended October 31, 2017, we incurred expenses of $4,402 compared to $1,500 incurred during the three month period ended October 31, 2016. The increase in expenses was due to accounting and legal expenses as well as $856 in other administrative expenses. The Company incurred additional general and administrative expenses related to amortization expenses for the computer and software purchased and bank fees incurred from sales of the company stock.

Our net income for the three months ended October 31, 2017 was $864 compared to a net income of $3,300 during the three month period ended October 31, 2016.

Six months ended October 30, 2017 compared to six months October 30, 2016.

Revenue increased from $4,800 during the six months ended October 31, 2016 to $13,240 during the six months ended October 31, 2017 due to an increase in the number of tours conducted during 2017.

During the six months ended October 31, 2017, we incurred expenses of $14,812 compared to $3,520 incurred during the six month period ended October 31, 2016. The incurred consulting expense of $4,000 for assistance in applying for DTC eligibility related to broker/dealer sales of its common stock. Videography expenses of $3,000 were incurred to create the Company tours' video portfolio. The Company had an increase of $2,246 in other administrative expenses due to depreciation of a computer and computer software purchased at the end of the prior fiscal year, additional bank fees incurred from sales of the company stock, and annual payments for registered agent services and business license.  The increase in professional fees was due to expenses incurred to auditor for reviews of the quarters ended July 31, 2017 and October 31, 2017, and for the tax return preparation for the year ended April 30, 2017.

Our net loss for the six months ended October 31, 2017 was $1,606 compared to a net income of $1,280 during the six month period ended October 31, 2016.

LIQUIDITY AND CAPITAL RESOURCES

As of October 31, 2017 our total assets were $26,586 compared to $19,365 in total assets at April 30, 2017. As of October 31, 2017, our total liabilities were $1,114 compared to $6,987 in total liabilities at April 30, 2017. The increase in total assets was due to proceeds received from issuance of common stock.

Stockholders’ equity increased from $12,378 as of April 30, 2017 to $25,472 as of October 31, 2017 due to issuance of common stock during the six months period ended October 31, 2017.

Cash Flows from Operating Activities

For the six month period ended October 31, 2017, net cash flows used in operating activities was $6,447. Net cash flows used in operating activities was $2,780 for the six month period ended October 31, 2016. Net cash flow used in operating activities increase due to increases in operating expenses and payment of accrued expenses.

Cash Flows from Investing Activities

We used $4,800 in investing activities for the six month period ended October 31, 2017 compared to $0 for the six month period ended October 31, 2016. During the six month period ended October 31, 2017 the Company purchased a computer software to make operations more efficient. There was no activity during six months period ended October 30, 2016.

Cash Flows from Financing Activities

For the six month period ended October 31, 2017, net cash flows from financing activities was $14,700 received from proceeds from issuance of common stock compared to $0 for the six month period ended October 31, 2016.

10 | Page

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.

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 auditors' report accompanying our April 30, 2017 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 are 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 last quarterly period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

11 | 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

For the six months ended October 31, 2017, the Company issued 735,000 shares of its common stock at $0.02 per share for total proceeds of $14,700.

For the period subsequent to October 31, 2017 through December 15, 2017 the Company issued 200,000 shares of common stock at $0.02 per share for \proceeds of $4,000.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No senior securities were issued and outstanding during the three-month period ended October 31, 2017.

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

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: December 15, 2017	By: /s/ Iuliia Gitelman
	Iuliia Gitelman, President and Chief Executive Officer and Chief Financial Officer

12 | Page

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Iuliia Gitelman, President and Chief Executive Officer and Chief Financial Officer of LAZEX INC., 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 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 quarterly 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  registrant's  other  certifying  officer(s) 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 have:

     a)   designed  such  disclosure  controls  and  procedures,  or caused such  disclosure   control  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 registrant's  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;

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

5.   The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's 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  registrant's  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  registrant's  internal control over financial reporting.

Date: December 15, 2017

/s/ Iuliia Gitelman

____________________________

Iuliia Gitelman,

President, Chief Executive Officer and Chief Financial Officer

EX-32.1

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 period  ended October 31, 2017  as filed with the Securities  and  Exchange  Commission  on the date  hereof (the  "Report"),  the undersigned,  in the  capacities  and  on  the  dates  indicated  below,  hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

     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   results of operations  of the Company.

Date: December 15, 2017

/s/ Iuliia Gitelman

Iuliia Gitelman

President, Chief Executive Officer and

Chief Financial Officer

XML

Document and Entity Information	6 Months Ended
	Oct. 31, 2017 shares
Document and Entity Information:
Entity Registrant Name	LAZEX INC.
Document Type	10-Q
Document Period End Date	Oct. 31, 2017
Trading Symbol	lazex
Amendment Flag	false
Entity Central Index Key	0001674440
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding	5,955,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2

XML

Statement of Financial Position - USD ($)	Oct. 31, 2017	Apr. 30, 2017
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 19,423	$ 15,970
Prepaid Expense, Current	645	645
Assets, Noncurrent
Property, Plant and Equipment, Gross	2,250	2,750
Other Assets, Noncurrent	4,268
Assets	26,586	19,365
Liabilities, Noncurrent
Accounts Payable and Accrued Liabilities, Noncurrent		5,873
Due to Related Parties, Noncurrent	1,114	1,114
Liabilities	1,114	6,987
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Common Stock, Value, Issued	5,955	5,220
Additional Paid in Capital, Common Stock	18,145	4,180
Retained Earnings (Accumulated Deficit)	1,372	2,978
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 25,472	$ 12,378
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	5,955,000	5,220,000
Common Stock, Shares Outstanding	5,955,000	5,220,000
Liabilities and Equity	$ 26,586	$ 19,365

XML

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017	Oct. 31, 2016
Revenues
Sales Revenue, Services, Net	$ 5,300	$ 4,800	$ 13,240	$ 4,800
Revenues	5,300	4,800	13,240	4,800
Cost of Revenue
Cost of Revenue	0	0	0	0
Gross Profit	5,300	4,800	13,240	4,800
Amortization of Deferred Charges
Professional Fees	3,546	1,500	5,546	3,500
Computer and Internet Expense			3,000
General and Administrative Expense	856		2,266	20
Selling, General and Administrative Expense			4,000
Total Operating Expenses	4,402	1,500	14,812	3,520
Net loss from operations	898	3,300	(1,572)	1,280
Interest and Debt Expense
Provision for Income Taxes (Benefit)	(34)		(34)
Net Income (Loss)	$ 864	$ 3,300	$ (1,606)	$ 1,280
Earnings Per Share
Weighted Average Number of Shares Outstanding, Basic	5,694,565	5,000,000	5,329,293	5,000,000
Earnings Per Share, Basic and Diluted	$ 0	$ 0	$ 0	$ 0

XML

Statements of Cash Flows - USD ($)	6 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Net Cash Provided by (Used in) Operating Activities
Net loss for the period	$ (1,606)	$ 1,280
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Depreciation, Depletion and Amortization	1,032
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable and Accrued Liabilities	(5,873)	1,500
Net Cash Provided by (Used in) Operating Activities	(6,447)	2,780
Net Cash Provided by (Used in) Investing Activities
Payments to Acquire Property, Plant, and Equipment	(4,800)
Net Cash Provided by (Used in) Investing Activities	(4,800)	0
Net Cash Provided by (Used in) Financing Activities
Proceeds from Issuance of Common Stock	14,700
Net Cash Provided by (Used in) Financing Activities	14,700	0
Cash and Cash Equivalents, Period Increase (Decrease)	3,453	2,780
Cash and Cash Equivalents, at Carrying Value	15,970	5,100
Cash and Cash Equivalents, at Carrying Value	$ 19,423	$ 7,880

XML

Organization, Consolidation and Presentation of Financial Statements

6 Months Ended

Oct. 31, 2017

Organization, Consolidation and Presentation of Financial Statements:

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

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.

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 retained earnings since Inception (July 12, 2015) of $1,372 as of October 31, 2017 however 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. 

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 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments considered necessary to present fairly in all material respects the financial position as of October 31, 2017.

Interim Financial Statements

These financial statements should be read in conjunction with the audited financial statements and accompanying notes for the year ended April 30, 2017, and have been prepared on a consistent basis with the accounting policies described in Note 2 - Summary of Significant Accounting Policies of the Notes to Financial Statements included in our Annual Report on Form 10-K for the year ended April 30, 2017. Our accounting policies did not change in the first three months of our current fiscal year. Operating results for the three months ended October 31, 2017 are not necessarily indicative of the results that may be expected for the year ending April 30, 2018 or any future period.

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.

Property and Equipment Depreciation Policy

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.

Intangible assets

Computer Software is stated at cost and amortized on the straight-line method over the estimated life of 3 years.

Net Income (Loss) Per Share

The Company computes 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 loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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.

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

The Company recognizes revenue after tours have been completed, travel consulting services have been provided and collection has been reasonably assured in accordance with the recognition criteria of SAB 104. We record revenue when persuasive evidence of an arrangement exists, the services have been provided, the price to the customer is fixed or determinable and collectability of the revenue is reasonably assured. As of six months ended October 31, 2017 we generated $13,240 in revenues for tours and travel consulting services. None of these services were provided to related parties. 

Subsequent events

The Company follows the guidance in ASC 855-10-50 for the disclosure of subsequent events. The Company evaluates subsequent events through the date when financial statements are issued.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the company.

NOTE 3 – CAPTIAL STOCK

The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share.  As of October 31, 2017, the Company had 5,955,000 shares issued and outstanding.

For the six months ended October 31, 2017, the Company issued 735,000 shares of its common stock at $0.02 per share for total proceeds of $14,700.

XML

Accounting Policies

6 Months Ended

Oct. 31, 2017

Accounting Policies:

Major Customers, Policy

MAJOR CUSTOMERS

During three months ended October 31, 2017 and October 31, 2016, the following customers represented more than 10% of the Company’s sales:

Customer	Three months ended October 31, 2017		Three months ended October 31, 2016
	$	%	$	%
Customer A	-	-	3,000	62.50
Customer B	-	-	1,800	37.50
Customer C	-	-	-	-
Customer D	5,300	100.00	-	-
Total concentration	5,300	100.00	4,800	100.00

During six months ended October 31, 2017 and October 31, 2016, the following customers represented more than 10% of the Company’s sales:

Customer	Six months ended October 31, 2017		Six months ended October 31, 2016
	$	%	$	%
Customer A	2,490	18.81	3,000	62.50
Customer B	2,950	22.28	1,800	37.50
Customer C	2,500	18.88	-	-
Customer D	5,300	40.03	-	-
Total concentration	13,240	100.00	4,800	100.00

XML

Related Party Disclosures

6 Months Ended

Oct. 31, 2017

Related Party Disclosures:

Related Party Transactions Disclosure

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 attains 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 October 31, 2017,the Company’s soleofficer and director loaned the Company $1,114 to pay for incorporation costs and operating expenses.  As of October 31, 2017, the amount outstanding was $1,114. The loan is non-interest bearing, due upon demand and unsecured.

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

XML

Subsequent Events

6 Months Ended

Oct. 31, 2017

Subsequent Events:

Subsequent Events

SUBSEQUENT EVENTS

In accordance with ASC 855-10 management has performed an evaluation of subsequent events from October 31, 2017 through the date the financial statements were available to be issued, December 14, 2017.

For the period subsequent to October 31, 2017 through December 15, 2017 the Company issued 200,000 shares of common stock at $0.02 per share for a proceed of $4,000.