Report Limitation (user or application based)

Report Limitation (user or application based)

Sorry for the newbie question, but I'm a newbie. :-)

Is the report limitation of 2 based on the Zoho user or the specific application being generated?
 
I.E. Can I have 2 reports per each of my 3 apps; or am I limited to 2 reports total for all 3 apps combined?
 
I am using the Free Edition right now, as I determine what level is best for each of the two non-profits I work with.
 
Thank you, and keep up the great work on a great product.
 
George