UNITED STATES

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 ~~August 31, 2020~~February 28, 2021

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

For the transition period from _______________ to _______________

Commission File Number: 000-55875

Nestbuilder.com Corp.

(Exact name of registrant as specified in its charter)

Nevada

82-3254264

(State or other jurisdiction of

incorporation or organization)

~~82-3254264~~

(I.R.S. Employer

Identification No.)

201 W. Passaic Street, Suite 301

Rochelle Park, NJ

07662

(Address of principal executive offices)

~~07662~~

(Zip Code)

(201) 845-7001

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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. [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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). [X] Yes [ ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[ ]	Smaller reporting company	~~[X]~~ [X]
		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. [ ]

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

Applicable only to issuers involved in bankruptcy proceedings during the preceding five years:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by ~~Section~~Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. [ ] Yes [ ] No

Applicable only to corporate issuers:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of ~~October 5, 2020,~~April 12, 2021, there were 1,673,237 shares of common stock, ~~$0.0001~~ par value $0.0001, issued and outstanding.

Nestbuilder.com Corp.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION		~~F-1~~3

ITEM 1	Financial Statements	~~F-1~~4

ITEM 2	~~Management's~~Management’s Discussion and Analysis of Financial Condition and Results of Operations	319

ITEM 3	Quantitative and Qualitative Disclosures About Market Risk	825

ITEM 4	Controls and Procedures	925

PART II – OTHER INFORMATION		1026

ITEM 1	Legal Proceedings	1026

ITEM 1A	Risk Factors	1026

ITEM 2	Unregistered Sales of Equity Securities and Use of Proceeds	1026

ITEM 3	Defaults Upon Senior Securities	1026

ITEM 4	Mine Safety Disclosures	1026

ITEM 5	Other Information	1026

ITEM 6	Exhibits	1127

PART I – FINANCIAL INFORMATION

This Quarterly Report includes forward-looking statements within the meaning of the Securities Exchange Act of 1934 (the “Exchange Act”). These statements are based on management’s beliefs and assumptions, and on information currently available to management. Forward-looking statements include the information concerning our possible or assumed future results of operations set forth under the heading “Management’s Discussion and Analysis of Financial Condition or Plan of Operation.” Forward-looking statements also include statements in which words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “consider” or similar expressions are used.

Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Our future results and shareholder values may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to put undue reliance on any forward-looking statements.

ITEM 1

Financial Statements

NESTBUILDER.COM CORP.

Balance Sheets

	(Unaudited)
	August 31,			November 30,
	2020			2019			February 28, 2021			November 30, 2020
							UNAUDITED
Assets
Current Assets
Cash	$	134,227		$	263,115		$	11,385		$	4,124
Total current assets		134,227			263,115			11,385			4,124

Total assets	$	134,227		$	263,115		$	11,385		$	4,124

Liabilities and Stockholders’ Equity
Liabilities and Stockholders’ Deficit
Current Liabilities
Loan payable
Accounts payable and accrued expenses	$	102,500		$	117,000		$	98,500		$	110,000
Paycheck protection SBA loan		13,080			-			15,080			15,080
Total current liabilities								113,580			125,080

Long Term Liabilities
Convertible promissory notes payable		-			77,454			28,017			-
Total current liabilities		115,580			194,454

Total liabilities	$	115,580		$	194,454			141,597			125,080

Commitments and Contingencies (Note 8)

Stockholders’ Equity
Convertible Series A Preferred stock, $0.0001 par value 25,000,000 shares authorized; 640,000 shares issued and outstanding at August 31, 2020 and November 30, 2019, respectively.		64			64
Common stock, $0.0001 par value; 250,000,000 shares authorized; 1,673,237 shares issued and outstanding at August 31, 2020 and November 30, 2019, respectively.		167			167
Stockholders’ Deficit
Preferred stock, $0.0001 par value 25,000,000 shares authorized; zero shares issued and outstanding at February 28, 2021 and November 30, 2020								-			-
Common stock, $0.0001 par value; 250,000,000 shares authorized; 1,673,237 shares issued and outstanding at February 28, 2021 and at November 30, 2020								167			167
Treasury stock, at cost								(120,000	)		(120,000	)
Additional paid-in-capital								587,869			587,869
Accumulated deficit								(598,248	)		(588,992	)
Total stockholders’ Deficit								(130,212	)		(120,956	)

Additional paid-in-capital		587,805			587,805
Accumulated (deficit)		(569,390	)		(519,375	)
Total stockholders’ equity		18,647			68,661

Total liabilities and stockholders’ equity	$	134,227		$	263,115
Total liabilities and stockholders’ Deficit							$	11,385		$	4,124

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

~~F-1~~

NESTBUILDER.COM CORP.

Statements of Operations

(Unaudited)

For the three months ended For the nine months ended
August 31, August 31,
2020 2019 2020 2019

Revenues
Real estate media revenue $ 21,452 $ 31,191 $ 60,047 $ 114,119

Cost of revenues 3,706 23,924 32,319 78,181

Gross profit 17,746 7,268 27,728 35,938

Operating expenses
Salaries and benefits 3,329 192,911 42,266 229,412
Selling and promotions expense 180 34,178 17,143 89,810
General and administrative 6,416 12,526 30,772 48,228
Total operating expenses 9,925 239,615 90,181 367,450

Operating income (loss) 7,821 (232,347 ) (62,453 ) (331,512 )

Other income (expense)
Gain on legal settlements - - 10,438 -
SBA Grant 2,000 - 2,000 -
Total other income (expense) 2,000 - 12,438 -

Net income (loss) $ 9,821 $ (232,347 ) $ (50,015 ) $ (331,512 )

Weighted average number of shares outstanding- basic 1,673,237 1,673,237 1,673,237 1,537,494
Weighted average number of shares outstanding - diluted 3,505,737 1,673,237 1,673,237 1,537,494

Basic net income (loss) per share $ 0.00 $ (0.14 ) $ (0.03 ) $ (0.22 )
Diluted net income (loss) per share $ 0.00 $ (0.14 ) $ (0.03 ) (0.22 )

	For the three months ended
	February 28, 2021			February 29, 2020
Revenues
Real estate media revenue	$	15,978		$	18,003

Cost of revenues		4,313			36,038

Gross profit		11,665			(18,035	)

Operating expenses
Salaries and benefits		-			16,375
Marketing and promotions expense		79			5,585
General and administrative		20,842			13,524
Total operating expenses		20,921			35,484

Operating (loss)		(9,256	)		(53,519	)

Provision for income taxes		-			-

Net (loss)	$	(9,256	)	$	(53,519	)

Weighted average number of shares outstanding – basic and diluted		1,673,237			1,673,237

Basic and diluted net (loss) per share	$	(0.01	)	$	(0.03	)

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

~~F-2~~

NESTBUILDER.COM CORP.

Statement of Changes in Stockholders’ ~~Equity (Deficit)~~Deficit

~~For the three and nine months ended August 31, 2020 and 2019~~

	Common Stock				Preferred Stock				Additional					Total
	Shares		Par Value		Shares		Par Value		Paid-In Capital		Accumulated Deficit			Stockholders’ Equity
Balance, November 30, 2019		1,673,253	$	167		640,000	$	64	$	587,805	$	(519,375	)	$	68,661

Net loss											$	(53,519	)		(53,519	)

Balance, February 29, 2020		1,673,253	$	167		640,000	$	64	$	587,805	$	(572,894	)		15,142

Additional Total
Common Stock Preferred Stock Paid-In Accumulated Stockholders’
Shares Par Value Shares Par Value Capital Deficit Equity
Balance, November 30, 2018 1,433,180 $ 143 - $ - $ 181,304 $ (125,815 ) $ 55,632

Net loss (47,659 ) (47,659 )

Issuance of common shares 10,000 1 4,999 5,000

Balance February 28, 2019 1,443,180 144 - - 186,303 (173,474 ) 12,973

Net loss (51,505 ) (51,505 )

Issuance of common shares 28,900 3 65,022 65,025

Issuance of common shares settlement agreement 201,157 20 (20 ) -

Issuance of Series A convertible preferred shares 280,000 28 69,972 70,000

Balance, May 31, 2019 1,673,237 $ 167 $ 280,000 $ 28 $ 321,277 $ (224,979 ) $ 96,493

Net loss (232,347 ) (232,347 )

Share-based compensation 176,565 176,565

Issuance of Series A convertible preferred shares 360,000 36 89,964 90,000

Balance, August 31, 2019 1,673,237 $ 167 $ 640,000 $ 64 $ 587,806 $ (457,326 ) $ 130,711

Common Stock Preferred Stock Additional Accumulated Total
Shares Par
Value Shares Par
Value Paid-In
Capital Deficit Stockholders’
Equity

Balance, November 30, 2019 1,673,237 $ 167 640,000 $ 64 $ 587,805 $ (519,375 ) $ 68,661

Net loss (53,519 ) (53,519 )
Balance, February 29, 2020 1,673,237 $ 167 640,000 64 587,805 (572,894 ) 15,143

Net Loss (6,318 ) (6,318 )

Balance, May 31, 2020 1,673,237 $ 167 640,000 $ 64 $ 587,805 $ (579,211 ) $ 8,825

Net Income 9,821 9,821

Balance, August 31, 2020 1,673,237 $ 167 640,000 $ 64 $ 587,805 $ (569,390 ) $ 18,647

	Common Stock				Treasury Stock			Additional					Total
	Shares		Par Value		Par Value			Paid-In Capital		Accumulated Deficit			Stockholders’ Deficit
Balance, November 30, 2020		1,673,253	$	167	$	(120,000	)	$	587,869	$	(588,992	)	$	(120,956	)

Net loss										$	(9,256	)	$	(9,256	)

Balance, February 28, 2021		1,673,253	$	167	$	(120,000	)	$	587,869	$	(598,248	)	$	(130,212	)

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

~~F-3~~

NESTBUILDER.COM CORP.

Statements of Cash Flows

(Unaudited)

	For the nine months ended
	August 31,						For the three months ended
	2020			2019			February 28, 2021			February 29, 2020
Cash flows from operating activities:
Net income (loss)	$	(50,015	)	$	(331,512	)	$	(9,256	)	$	(53,519	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on settlement of convertible notes		(10,438	)		-
Stock-based compensation		-			176,565

Changes in operating assets and liabilities:

Increase in accrued interest								517			485
(Increase) decrease in accounts receivable		-			(3,800	)					-
Increase (decrease) in accrued interest on notes payable		485			1,425
Increase (decrease) in accounts payable and accrued expenses		(14,500	)		(8,043	)		(11,500	)		(15,000	)
Net cash provided by (used in) operating activities		(74,468	)		(165,365	)		(20,239	)		(68,034	)

Cash flows from investing activities:
Net cash used in investing activities		-			-
Net cash (used in) provided by investing activities											-

Cash flows from financing activities:

Repayment of convertible notes		(67,500	)		-
Proceeds from PPP loan		13,080			-
Proceeds from issuance of common stock		-			70,025
Proceeds from issuance of preferred stock		-			160,000
Net cash provided by (used in) financing activities		(54,420	)		230,025
Proceeds from issuance of convertible notes payable								27,500			-
Net cash provided by financing activities								27,500			-

Net increase (decrease) in cash		(128,888	)		64,660			7,261			(68,034	)

Cash at beginning of period		263,115			240,925			4,124			263,115

Cash at end of period	$	134,227		$	305,585		$	11,385		$	195,081

Supplemental disclosure of cash flow information:
Cash paid for:
Interest	$	485		$	1,425		$	-		$	-
Income taxes	$	-		$	-		$	-		$	-

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

~~F-4~~

NESTBUILDER.COM CORP.

CONDENSED NOTES TO THE FINANCIAL STATEMENTS

~~August 31, 2020~~FEBRUARY 28, 2021

~~Unaudited~~UNAUDITED

NOTE 1: ORGANIZATION AND NATURE OF BUSINESS

Organization

We were incorporated in the State of Nevada on January 10, 2017 as a wholly owned subsidiary of RealBiz Media Group, Inc., a Delaware corporation (“RealBiz”). On July 31, 2018, RealBiz effectuated our spin-off from RealBiz. Upon completion of the spin-off, RealBiz stockholders owned 100% of the outstanding shares of our common stock.

We are engaged in the business of providing digital media and marketing services for the real estate industry. We currently generate revenue from service fees (video creation and production and website hosting (ReachFactor)) ~~and product sales (Microvideo app).~~.. At the core of our programs is our proprietary video creation technology which allows for an automated conversion of data (text, video slices and pictures of home listings) to a video with voice over and music. We provide video search, storage and marketing capabilities on multiple platform dynamics for web and mobile. Once a home, personal or community video is created using our proprietary technology, it can be published to social media, email or distributed to multiple real estate websites. In addition, we own and operate the web site LoseTheAgent.com, which is a site dedicated to peer-to-peer real estate transactions between home sellers and buyers - the so called For Sale By Owner segment. We currently have approximately 120,000 home listings across all 50 states. We intend to monetize the website by charging fees for both listing a home for sale and picking up possible buyers’ messages of interest. We also plan on generating additional revenues by monetizing seller/buyer information with targeted, interested parties. The web site is fully functional and is being marketed via various online platforms. In addition, due to the current economic conditions caused by the novel coronavirus pandemic, we are actively seeking potential buyers for the LoseTheAgent.com web site.

~~Products and Services~~

~~We currently offer the following products and services:~~

~~Enterprise Video Production~~: We service some of the largest and well-known franchisor accounts in the North America Real Estate Market in compiling listings into a Video format and distributing to those franchisor’s websites, brokers and agents and lead generation platforms 24/7.

~~The Virtual Tour (VT) and Microvideo App (MVA)~~: These programs were developed and implemented to allow agents to access specific video-based product strategies that are designed specifically to increase the SEO rank and traffic credit to real estate franchise systems and/or their brokers. The MVA is a proprietary video widget marketing application designed to deliver video and integrate SEO strategies, traffic generation, e-mail, lead generation with mobile-friendly viewing. This solution gives those franchises and brokers a much-needed tool to lower their cost of prospect acquisition.

~~ReachFactor~~~~: Our social media and marketing platform under the “ReachFactor” brand name offers a variety of solutions to agents and brokers such as web design and web hosting.~~

We launched a new real estate platform in the direct to consumer space in October 2018. The new product is designed to enable buyers and sellers of residential real estate to market and sell properties to each other without an agent. This platform is the result of two years of engineering and development work by our engineering team. All work was performed by in house staff and all licenses are owned by us. The new product represents our first foray into the business to consumer space that will attract the great majority of US homeowners.

~~LoseTheAgent.com~~: We own and operate the web site LoseTheAgent.com, which is a site dedicated to peer-to-peer real estate transactions between home sellers and buyers - the so called For Sale By Owner segment. We currently have approximately 120,000100,000 home listings across all 50 states. We monetize the website by charging fees for both listing a home for sale and picking up possible buyers’ messages of interest. We also plan on generating additional revenues by monetizing seller/buyer information with targeted, interested parties. The web site is fully functional and is being marketed via various online ~~platforms. In addition, due to the current economic conditions caused by the novel coronavirus pandemic, we are actively seeking potential buyers for the LoseTheAgent.com web site.~~platforms.

~~F-5~~

Products and Services

We currently offer the following products and services:

~~NESTBUILDER.COM CORP.~~Enterprise Video Production: We service large and small broker accounts in the North America Real Estate Market in compiling listings into a Video format and distributing to those franchisor’s websites, brokers and agents and lead generation platforms 24/7. Some of these multiyear contracts produced over 10 million video listings from 2012-2014. These volumes, however, have declined beginning in 2017. We currently have the ability to produce over 15,000 videos per day.

~~CONDENSED NOTES TO THE FINANCIAL STATEMENTS~~The Virtual Tour (VT): This program was developed and implemented to allow agents to access specific video based product strategies that are designed specifically to increase the SEO rank and traffic credit to real estate franchise systems and/or their brokers.

~~August 31, 2020~~ReachFactor: Our social media and marketing platform under the “ReachFactor” brand name offers a variety of solutions to agents and brokers such as web design and web hosting.

~~unaudited~~LoseTheAgent.com: We own and operate the web site LoseTheAgent.com, which is a site dedicated to peer-to-peer real estate transactions between home sellers and buyers - the so called For Sale By Owner (FSBO) segment. We currently have approximately 100,000 home listings across all 50 states. We monetize the website by charging fees for both listing a home for sale and picking up possible buyers’ messages of interest. We also plan on generating additional revenues by monetizing seller/buyer information with targeted, interested parties. The web site is functional and is being marketed via various online platforms.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (all of which are of a normal recurring nature) considered necessary for a fair presentation have been included. Operating results for the three ~~and nine~~ months ended ~~August 31, 2020~~February 28, 2021 are not indicative of the results that may be expected for the year ending November 30, ~~2020~~2021 or for any other future period. These unaudited financial statements and the unaudited condensed notes thereto should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Form 1010-K for the year ended November 30, ~~2019,~~2020, filed with the Securities and Exchange Commission (the “SEC”) on ~~January 28, 2020.~~February 1, 2021.

Use of Estimates

The preparation of abbreviated 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 abbreviated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. Significant estimates include deferred tax asset allowance.

Cash and Cash Equivalents

The Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. There were no cash equivalents as of ~~August 31, 2020~~February 28, 2021 and November 30, ~~2019.~~

~~Accounts Receivable~~

The Company regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established loss reserves, the Company makes judgments regarding its customers’ ability to make required payments, economic events, and other factors. As the financial condition of these parties’ change, and circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. The Company maintains reserves for potential credit losses, and such losses traditionally have been within its expectations. The Company has determined the allowance for doubtful accounts is not required.2020.

Property and Equipment

All expenditures on the acquisition for property and equipment are recorded at cost and capitalized as incurred, provided the asset benefits the Company for a period of more than one year. Expenditures on routine repairs and maintenance of property and equipment are charged directly to operating expense. The property and equipment are depreciated based upon its estimated useful life after being placed in service. The estimated useful life of computer equipment is 3 years. When equipment is retired, sold or impaired, the resulting gain or loss is reflected in earnings. The Company’s Property and Equipment are fully depreciated.

Impairment of Long-Lived Assets

In accordance with Accounting Standards Codification 360-10, “Property, Plant, and Equipment”, the Company periodically reviews its long- lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not impair any long-lived assets as of ~~August 31, 2020~~February 28, 2021 and November 30, ~~2019.~~

~~F-6~~

~~NESTBUILDER.COM CORP.~~

~~CONDENSED NOTES TO THE FINANCIAL STATEMENTS~~

~~August 31, 2020~~

~~unaudited~~

~~NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)~~2020.

Website Development Costs

The Company accounts for website development costs in accordance with Accounting Standards Codification 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day to day operation of the website are expensed as incurred.

Fair Value of Financial Instruments

The Company adopted ASC topic 820, “Fair Value Measurements and Disclosures” (ASC 820), formerly SFAS No. 157 “Fair Value Measurements,” effective January 1, 2009. ASC 820 defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There was no impact relating to the adoption of ASC 820 to the Company’s abbreviated financial statements.

Fair Value of Financial Instruments (continued)

ASC 820 also describes three levels of inputs that may be used to measure fair value:

~~Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.~~

~~Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.~~

~~Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.~~

	Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.

	Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

	Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

Financial instruments consist principally of cash, ~~accounts receivable, prepaid expenses, due from affiliates,~~ accounts payable, accrued liabilities and other current liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short- term nature. The fair value of long-term debt is based on current rates at which the Company could borrow funds with similar remaining maturities. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

Revenue Recognition

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single model for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Nestbuilder adopted the standard effective December 1, 2018 retrospectively.

~~F-7~~

Revenue from Contracts with Customers

Revenue is recognized when all of the following criteria are met:

● ●Identification of the contract, or contracts, with a customer - A contract with a customer exists when (i) we enter into an enforceable contract with a customer that defines each party’s rights regarding the goods or services to be transferred and identifies the payment terms related to these goods or services, (ii) the contract has commercial substance and the parties are committed to perform, and (iii) we determine that collection of substantially all consideration to which it will be entitled in exchange for goods or services that will be transferred is probable based on the customer’s intent and ability to pay the promised consideration.

● ●Identification of the performance obligations in the contract - Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the goods or service either on its own or together with other resources that are readily available from third parties or from us, and are distinct in the context of the contract, whereby the transfer of the goods or services is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised goods or services, we apply judgment to determine whether promised goods or services are capable of being distinct and distinct in the context of the contract. If these criteria are not met the promised goods or services are accounted for as a combined performance obligation.

● ●Determination of the transaction price - The transaction price is determined based on the consideration to which we will be entitled in exchange for transferring goods or services to the customer adjusted for estimated variable consideration, if any. We typically estimate the transaction price impact of discounts offered to the customers for early payments on receivables or rebates based on channel partner sales achievements. Constraints are applied when estimating variable considerations based on historical experience where applicable.

● ●Allocation of the transaction price to the performance obligations in the contract - If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative SSP basis. Determination of SSP requires judgment. We determine standalone selling price taking into account available information such as historical selling prices of the performance obligation, geographic location, overall strategic pricing objective, market conditions and internally approved pricing guidelines related to the performance obligations.

● ●Recognition of revenue when, or as, we satisfy performance obligation - We satisfy performance obligations either over time or at a point in time as discussed in further detail below. Revenue is recognized at or over the time the related performance obligation is satisfied by transferring a promised good or service to a customer.

Cost of Revenues

Cost of revenues includes costs attributable to services sold and delivered. These costs include engineering costs incurred to maintain our networks.

Advertising Expense

Advertising costs are charged to expense as incurred and are included in ~~selling~~marketing and promotions expense in the accompanying financial statements. Advertising expense for the three months ended ~~August 31,~~February 28, 2021 and February 29, 2020 were $79 and ~~2019 were $180 and $34,178,~~$5,584, respectively. ~~Advertising expense for the nine months ended August 31, 2020 and 2019 were $17,143 and $89,810, respectively.~~

Share-Based Compensation

The Company computes share based payments in accordance with Accounting Standards Codification 718-10 “Compensation” (ASC 718-10). ASC 718-10 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods and services at fair value, focusing primarily on accounting for transactions in which an entity obtains employees services in share-based payment transactions. It also addresses transactions in which an entity incurs liabilities in exchange for goods and services that are based on the fair value of an entity’s equity instruments or that may be settled by the issuance of those equity instruments. In ~~June 2018,~~March 2005, the ~~FASB~~SEC issued ~~ASU 2018-07 Compensation-Stock Compensation ( Topic 718): Improvements to Nonemployee~~SAB No. 107, Share-Based Payment ~~Accounting (ASU 2018-07),~~(“SAB 107”) which ~~simplifies~~provides guidance regarding the ~~accounting~~interaction of ASC 718-10 and certain SEC rules and regulations. The Company has applied the provisions of SAB 107 in its adoption of ASC 718-10. The Company accounts for non-employee share-based ~~payments~~awards in accordance with ASU ASU 2018-7, Equity Based Payments to ~~non-employees~~Non-Employees. The Company estimates the fair value of stock options by ~~aligning it with~~using the ~~accounting for share-based payments to employees, with certain exceptions.~~

~~F-8~~

~~NESTBUILDER.COM CORP.~~

~~CONDENSED NOTES TO THE FINANCIAL STATEMENTS~~

~~August 31, 2020~~

~~unaudited~~

~~NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)~~Black-Scholes option pricing model.

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities and net operating loss and tax credit carryforwards given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740.

SCASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The company has applied for an extension of time to file with the Internal Revenue Service.

The Company recognizes expenses for tax penalties and interest assessed by the Internal Revenue Service and other taxing authorities upon receiving valid notice of assessments. The Company has received no such notices as of ~~August 31, 2020.~~February 28, 2021.

Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.

Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Diluted loss per common share is considered to be equal to basic because the common stock equivalents are anti-dilutive. ~~The company’s common stock equivalents include the following:~~

	August 31, 2020		November 30, 2019		February 28, 2021		November 30, 2020
Series A Preferred Stock issued and outstanding		640,000		640,000
Shares on issuance of warrants as share-based compensation		1,192,500		1,192,500		1,330,000		1,192,500
Shares on convertible promissory notes		-0-		645,450		400,242		-
		1,832,500		2,477,950		1,730,242		1,192,500

Concentrations, Risks and Uncertainties

The Company’s operations are related to the real estate industry and its prospects for success are tied indirectly to interest rates and the general housing and business climates in the United States.

~~F-9~~

Recently Issued Accounting ~~Pronouncements~~Standards

In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). The standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of fiscal 2020. Early adoption of ASU 2016-02 is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The company does not have any leasing arrangements.

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued and not implemented that might have a material impact on its financial position or results of operations.

NOTE 3: GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

At ~~August 31, 2020,~~February 28, 2021, the Company had a working capital deficit of ~~$18,647~~$102,195 and an accumulated deficit of ~~$569,390. The Company had a net loss from operations of $50,015 the nine months ended August 31, 2020 and net cash used in operating activities of $74,468.~~$598,248. It is management’s opinion that these facts raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of this filing, without additional debt or equity financing. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts nor to the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

In order to meet its working capital needs through the next twelve months and to fund the growth of our business, the Company may consider plans to raise additional funds through the issuance of additional shares of common or preferred stock and or through the issuance of debt instruments. Although the Company intends to obtain additional financing to meet our cash needs, the Company may be unable to secure any additional financing on terms that are favorable or acceptable to it, if at all.

In December 2019, a novel coronavirus (“COVID-19”) emerged and has subsequently spread worldwide. The World Health Organization has declared COVID-19 a pandemic resulting in federal, state, and local governments mandating various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories and quarantining of people who may have been exposed to the virus.

As the COVID-19 pandemic is complex and rapidly changing, the full extent and duration of the impact of COVID-19 on the Company’s operation and financial performance is currently unknown and depends on future developments that are uncertain and unpredictable, including the duration and spread of the pandemic, its impact on capital and financial markets.

Note 4: Property and Equipment

At ~~August 31, 2020~~February 28, 2021 and November 30, ~~2019~~2020 Company’s property and equipment are as follows:

	Estimated Life (in years)		August 31, 2020			November 30, 2019			Estimated Life (in years)		February 28, 2021			November 30, 2020

Office equipment		3	$	82,719		$	82,719			3	$	82,719		$	82,719
Less: accumulated depreciation				(82,719	)		(82,719	)				(82,719	)		(82,719	)
			$	-		$	-
											$	-		$	-

The ~~Company has recorded -$0- depreciation expense for the three- and nine months period ended August 31, 2020 and 2019.~~Company’s fixed assets are fully depreciated.

~~F-10~~

NOTE 5: ACCOUNTS PAYABLE AND ACCRUED EXPENSES

The Company’s accounts payable and accrued expenses are as follows:

	August 31,		November 30,
	2020		2019		February 28, 2021		November 30, 2020
Trade payables and accruals	$	102,500	$	117,000	$	98,500	$	110,000

Total accounts payable and accrued expenses	$	102,500	$	117,000	$	98,500	$	110,000

NOTE 6: RELATED PARTY TRANSACTIONS

Convertible Promissory Notes

~~On August 17, 2018, William McLeod, our Chief Executive Officer, President and a Director, Thomas M. Grbelja, our Treasurer, Secretary and a Director, and Alex~~Mr. Aliksanyan, a ~~Director and our former Chief Executive Officer, were each~~board member of the Company, was issued a convertible promissory note ~~dated August 17, 2018, in the principal amount of $12,500 each, bearing interest at the rate of 2.5% per annum and convertible into our common stock at a conversion price of $0.12 per share.~~

On April 17, 2020, William McLeod, our Chief Executive Officer, President and a Director, Thomas M. Grbelja, our Treasurer, Secretary and a Director, and Alex Aliksanyan, a Director and our former Chief Executive Officer, executed a Satisfaction and General Release of Promissory Note, pursuant to which they accepted a discounted payoff of their convertible promissory notes in the amount of ~~$11,250 each, in exchange for deeming their~~$2,500. Mr. Grbelja and Mr. McLeod, both officers and board members were issued a convertible promissory note for $2,500 and $5,000, respectively. All notes ~~fully-paid, satisfied, and cancelled, and providing a release to us from any liability thereunder and recording a gain of $10,438. ( See note 9)~~were issued in December 2020.

~~Series A Convertible Preferred Stock~~

During the quarter ended August 31, 2019, William McLeod, our Chief Executive Officer, President and a Director, purchased 280,000 shares of Series A Convertible Preferred Stock in exchange for $70,000.

~~F-11~~

NOTE 7: STOCKHOLDERS’ ~~EQUITY~~DEFICIT

The total number of shares of all classes of stock that the Company shall have the authority to issue is 275,000,000 shares consisting of: 250,000,000 shares of common stock with a $0.0001 par value per shares; and 25,000,000 shares of preferred stock, par value $0.0001 per share. On May 31, 2019, we filed a certificate of designation with the Secretary of State of the State of Nevada to create a new class of preferred stock designated as the Series A Convertible Preferred Stock. The holders of Series A Convertible Preferred Stock are entitled to receive dividends in an amount equal to any dividends or other Distribution on the Common Stock. The holders of Series A Convertible Preferred Stock are entitled to be paid out of the Available Funds and Assets, in preference to any payment or distribution of any Available Funds and Assets on any shares of Common Stock or subsequent preferred stock, an amount per share equal to the Original Issue Price of the Series A Convertible Preferred Stock plus all declared but unpaid dividends on the Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock ~~shall be~~is convertible, at the option of the holder thereof, at any time after the issuance of such share, into one (1) share of Common Stock. As of ~~October 5, 2020,~~February 28, 2021, there were 1,673,237 shares of common stock issued and outstanding and ~~640,000~~zero shares of Series A Convertible Preferred Stock issued and outstanding.

Common stock warrants

On August 20, 2019, the Company issued ~~1,192,000~~1,192,500 common stock warrants to its officers, contracted employees and professionals that vested immediately. ~~The three contracted employees will be granted additional warrants on a quarterly basis.~~ Each warrant is convertible into 1 share of common stock and vests immediately upon issuance with an exercise price of $0.20. The Company has recorded stock-based compensation expense of $176,564 for the year ending November 30, 2019 and is included part of salaries and benefits. The Company has not issued any additional warrants during the nine months ended August 31, 2020. The warrants expire on August 20, 2024.

During the three months ended February 28, 2021 the Company issued 137,500 warrants pursuant to the stock purchase agreement and issuance of convertible notes in the amount of $27,500. The warrants have an exercise price of $0.10 per share and the warrants vest immediately and expire on December 31, 2022. The grant date fair value was zero.

A summary of the Company’s outstanding common stock warrants as of ~~August 31, 2019~~February 28, 2021 is as follows:

			Weighted						Weighted
			Average						Average
			Exercise		Intrinsic				Exercise		Intrinsic
	Warrants		Price		Value		Warrants		Price		Value
Outstanding, November 30, 2019		1,192,000	$	0.20	$	0.00
Outstanding, November 30, 2020								1,192,500	$	0.20	$	0.00
Warrants granted and issued		-	$	-	$	-		137,500	$	0.10	$	0.00
Warrants exercised		-	$	-	$	-		-	$	-	$	0.00
Warrants exchanged		-	$	-	$	0.00		-	$	-	$	0.00
Outstanding, August 31, 2020		1,192,000	$	020	$	0.00
Outstanding, February 28, 2021								1,330,000	$	0.19	$	0.00

Common stock exercisable upon issuance of warrants		1,192,000	$	0.20	$	0.00
Common stock issuable upon exercise of warrants								1,330,000	$	0.19	$	0.00

The following table summarizes information about common stock warrants outstanding at February 28, 2021:

Warrants Outstanding					Warrants Exercisable
Number Outstanding at		Weighted Average	Weighted Average		Number Exercisable at		Weighted Average
February 28, 2021		Remaining Life	Exercise Price		February 28, 2021		Exercise Price
	137,500	1.84 Years	$	0.10		137,500	$	0.10
	1,192,500	3.48 Years		0.20		1,192,500		0.20
	1,330,000	2.62 Years	$	0.19		1,330,000	$	0.19

The Company estimates the fair value of each award on the date of grant using a ~~Black-Scholes~~Cox Ross Rubinstein binomial option valuation model that uses the following assumptions for warrants earned during the ~~nine~~three months ended ~~August 31, 2020:~~February 28, 2021.

Expected volatility	100	%
Expected dividends	0	%
Expected term (in years)	~~5.0~~2 – 3 years
Risk-free rate	~~1.42~~0.14% to 0.30	%

~~F-12~~

~~NESTBUILDER.COM CORP.~~

~~CONDENSED NOTES TO THE FINANCIAL STATEMENTS~~

~~AUGUST 31, 2020~~

~~UNAUDITED~~

NOTE 8: CONTINGENCIES

On August 17, 2018, we entered into employment agreements with Alex Aliksanyan, our former Chief Executive Officer and a director, and Thomas M. Grbelja, our Chief Financial Officer, Secretary and a director.

Pursuant to the employment agreement with Alex Aliksanyan (the “Aliksanyan Employment Agreement”), Mr. Aliksanyan agreed to serve as our Chief Executive Officer, and we agreed to pay Mr. Aliksanyan an annual base salary of $120,000 per year. The initial term of the Aliksanyan Employment Agreement is 12 months and may be extended by mutual agreement between us and Mr. Aliksanyan. On or about August 28, 2018, we entered into an oral agreement with Mr. Aliksanyan, as memorialized by a First Amendment to Employment Agreement dated September 25, 2018, pursuant to which Mr. Aliksanyan agreed to continue receiving his 2017 annual salary of $36,000 per year in exchange for continued employment and our agreement to adopt an employee stock option plan or similar plan for compensating, incentivizing, retaining and attracting employees prior to June 30, 2019, from which Mr. Aliksanyan would be eligible to receive equity securities from time to time in the discretion of our board of directors. On April 17, 2020, we terminated the employment of Alex Aliksanyan as our Chief Executive Officer, effective as of April 20, 2020. On April 20, 2020, we and Mr. Aliksanyan entered into that certain Separation and Release of Claims Agreement, dated April 20, 2020, whereby Mr. Aliksanyan terminated his Employment Agreement, dated August 17, 2018, as amended, and provided a release of claims to us in exchange for a lump sum payment equal to $1,500, representing one month of his base salary.

Pursuant to the employment agreement with Thomas M. Grbelja (the “Grbelja Employment Agreement”), Mr. Grbelja agreed to serve as our Chief Financial Officer, devoting a minimum of 50% of his time and attention to his duties as Chief Financial Officer. We agreed to pay Mr. Grbelja an annual base salary of $70,000 per year. The initial term of the Grbelja Employment Agreement is 12 months and may be extended by mutual agreement between us and Mr. Grbelja. On or about August 28, 2018, we entered into an oral agreement with Mr. Grbelja, as memorialized by a First Amendment to Employment Agreement dated September 25, 2018, pursuant to which Mr. Grbelja agreed to continue receiving his 2017 annual salary of $24,000 per year in exchange for continued employment and our agreement to adopt an employee stock option plan or similar plan for compensating, incentivizing, retaining and attracting employees prior to June 30, 2019, from which Mr. Grbelja would be eligible to receive equity securities from time to time in the discretion of our board of directors.

NOTE 9: CONVERTIBLE PROMISSORY NOTES PAYABLE

~~On November 30, 2018,~~From December 10, 2020 through January 27, 2021, we entered into a Securities Purchase Agreement, by and among us and the ~~Company~~purchasers named thereunder, pursuant to which we issued ~~six promissory notes,~~to each of seven investors a Senior Convertible Promissory Note in the ~~principal amount totaling $75,000, which includes notes payables to certain officers and board members of the Company, namely Mr. Aliksanyan, Mr. McLeod and Mr. Grbelja, in the~~principle amount of ~~$12,500 each (See note 6)~~up to $10,000 (each, a “Note” and collectively, the “ Notes”) and a Common Stock Purchase Warrant to purchase up to 50,000 shares of our common stock at an exercise price of $0.10 per share (each, a “Warrant”, and collectively, the “Warrants”). The investors included Alex Aliksanyan, a Director, Thomas M. Grbelja, our Treasurer, Secretary and a Director and William McLeod, our Chief Executive Officer and Director.

Senior Convertible Promissory Notes

The Notes ~~accrue~~bear interest at athe rate of ~~2.5%~~10.0% per annum and mature on ~~June 1, 2020. Pursuant~~July 31, 2022. We may agree with the noteholders from time to ~~the terms of~~time to accept loan advances under the Notes ~~the Company may prepay~~up to the principal amount of the ~~note together with accrued interest at any time prior to~~Notes. As of the date of ~~maturity without a prepayment penalty.~~ this filing, the investors have made aggregate loan advances under the Notes of $27,500. The Company has accrued $517 in interest through February 28, 2021,included in the convertible promissory notes payable on the balance sheet. If all of the Notes were converted, the Company would be required to issue 400,242 shares of common stock to the noteholders.

Pursuant to the terms of the Notes, the holders of the Notes have the right, at their option, at any time, to convert the principal amount of the Notes, and any accrued interest, into our common stock at a conversion ~~price~~ of ~~$0.12~~$0.07 per share. However, each holder of a Note will not have the right to convert any portion of his Note if the holder (together with his affiliates) would beneficially own in excess of 4.99% of the number of shares of our common stock outstanding immediately after giving effect to the conversion, as such a percentage ownership is determined in accordance with the terms of the Note. Each ~~Holder~~holder has the right to waive the foregoing conversion ~~limitation,~~limitations, in whole or in part, upon and effective after 61 days prior written notice to us. The Company has accrued $485 and $1,425 in interest on those notes as of August 31, 2020 and 2019, respectively. During the second quarter, the Company negotiated a settlement with the noteholders and repaid each noteholder $11,250 for a total of $67,500 as full settlement and also recognized a gain of $10,438 on the remaining balance due.

NOTE 10: PAYCHECK PROTECTION ~~PROGRAM~~ PROGRAM/SBA LOAN

On May 6, 2020, ~~due~~the company obtained a $13,080 loan from TD Bank pursuant to the ~~COVID-19 virus,~~Paycheck Protection Program (“PPP”) under the “CARES Act”. In addition, the company also obtained $2,000 from the SBA in the form of the Economic Injury Disaster Loan program (EIDL advance). Total borrowed in connection with the two agreements totaled $15,080. The PPP loan is unsecured with a 2-year term, matures on May 6, 2022, and bears interest at a rate of 1.00% per annum, payable monthly commencing on September 6, 2021, following an initial deferral period as specified under the PPP. The PPP Note may be prepaid at any time prior to maturity with no prepayment penalties. Proceeds from the Loan will be available to the Company ~~obtained~~to fund designated expenses, including certain payroll costs, rent, utilities and other permitted expenses, in accordance with the PPP. Under the terms of the PPP, up to the entire amount of principal and accrued interest may be forgiven to the extent Loan proceeds are used for qualifying expenses as described in the CARES Act and applicable implementing guidance issued by the U.S. Small Business Administration under the PPP (including that at least 60% of such Loan funds are used for payroll). The Company intends to use the entire Loan amount for designated qualifying expenses and to apply for forgiveness of the respective Loan in accordance with the terms of the PPP. No assurance can be given that the Company will obtain forgiveness of the Loan in whole or in part. With respect to any portion of the Loan that is not forgiven, the Loan will be subject to customary provisions for a loan of this type, including customary events of default relating to, among other things, payment defaults, breaches of the provisions of the PPP Loan and cross defaults.

The company expects that the PPP loan will be forgiven upon submission of ~~$13,080 with 1% interest rate due May 6, 2022.~~the forgiveness application and that the EIDL Advance loan will be repaid during coming fiscal year.

~~F-13~~

~~ITEM 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations~~

ITEM 2

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Our Management’s Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking. Forward-looking statements are, by their very nature, uncertain and risky. These risks and uncertainties include international, national and local general economic and market conditions; demographic changes; our ability to sustain, manage, or forecast growth; our ability to successfully make and integrate acquisitions; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other risks that might be detailed from time to time in our filings with the Securities and Exchange Commission.

Although the forward-looking statements in this Quarterly Report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report and in our other reports as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and ~~prospects~~prospects.

The following discussion and analysis of financial condition and results of operations of the Company is based upon, and should be read in conjunction with, its unaudited financial statements and related notes elsewhere in this Quarterly Report on Form 10-Q, which have been prepared in accordance with accounting principles generally accepted in the United States.

Overview

We are engaged in the business of providing digital media and marketing services for the real estate industry. We currently generate revenue from service fees (video creation and production and website hosting (ReachFactor)) ~~and product sales (Microvideo app).~~.... At the core of our programs is our proprietary video creation technology which allows for an automated conversion of data (text, video slices and pictures of home listings) to a video with voice over and music. We provide video search, storage and marketing capabilities on multiple platform dynamics for web and mobile. Once a home, personal or community video is created using our proprietary technology, it can be published to social media, email or distributed to multiple real estate websites. In addition, we own and operate the web site LoseTheAgent.com, which is a site dedicated to peer-to-peer real estate transactions between home sellers and buyers - the so called For Sale By Owner segment. We currently have approximately ~~120,000~~100,000 home listings across all 50 states. We monetize the website by charging fees for both listing a home for sale and picking up possible buyers’ messages of interest. We also plan on generating additional revenues by monetizing seller/buyer information with targeted, interested parties. The web site is ~~fully~~ functional and is being marketed via various ~~on line platforms. In addition, due to the current economic conditions caused by the novel coronavirus pandemic, we are actively seeking potential buyers~~online platforms.

Results of Operations for the ~~LoseTheAgent.com web site.~~

~~Results of Operations~~

~~The following information should be read in conjunction with the audited financial statements~~Three Months Ended February 28, 2021 and ~~notes thereto appearing elsewhere in this Annual Report.~~

~~Discussion of Results for Three Month Period Ended August 31,~~February 29, 2020 ~~and 2019~~

Revenues

Total revenue for the three months ended ~~August 31, 2020 was $21,452~~February 28, 2021 amounted to $15,978 as compared to ~~$31,191~~$18,003 for the three months ended ~~August 31, 2019,~~February 29, 2020, a decrease of ~~$9,739~~$2,025 or ~~31%~~11%. The decrease is primarily a result of ~~the continuing decline in our~~declining legacy virtual tour business, due primarily to the loss of our top two franchise accounts, who took their video production business in house. We envision these trends continuing for the foreseeable future and see significant risks to the future of our legacy business.

Cost of Revenue

Cost of revenues totaled ~~$3,706~~$4,313 for the three months ended ~~August 31, 2020,~~February 28, 2021, compared to ~~$23,924~~$36,038 for the three months ended ~~August 31, 2019,~~February 29, 2020, representing a decrease of ~~$20,218~~$31,715, or ~~85%. The decline in costs is primarily the result of reduction in server costs.~~

~~Operating Expenses~~

Our operating expenses, which include salaries and benefits, selling and promotion, amortization and depreciation and general and administrative expenses, decreased $201,320 or 96% to $9,925 for the three months ended August 31, 2020 compared to $239,615 for the three months ended August 2019. The net decrease was substantially due to an decrease in salary and benefit expense of $189,582 due to the issuance of warrants to their key employees in the form of share-based compensation in 2019, decreased sales and marketing expense of $33,998 and a decline of $6,110 in general and administrative expenses. A breakdown of general and administrative expenses is as follows:

~~General and administrative~~

Three Month Ended
August 31,
Expense 2020 2019 Increase/(Decrease)
Professional Fees and legal fees $ 4,705 $ 10,125 $ (5,420 )
Insurance 358 571 (213 )
Miscellaneous 1,353 1,830 (477 )
Total $ 6,416 $ 12,526 $ (6,110 )

~~Other Income (Expenses)~~

~~Our other income, net, increased by $2,000 for the three months ended August 31, 2020 versus the prior year. A summary of other income (expense) is as follows:~~

Three months Ended
August 31,
2020 2019 Increase/(Decrease)
SBA Grant 2,000 - 2,000
Total $ 2,000 $ - 2,000

~~Net Income/Loss~~

We had net income of $9,821 for the three months ended August 31, 2020, compared to net loss of $232,347 for the three months ended August 31, 2019, an increase of $242,168.The increase is primarily due to decrease in operating expenses for the year.

~~Discussion of Results for Nine Month Period Ended August 31, 2020 and 2019~~

~~Revenues~~

Total revenue for the nine months ended August 31, 2020 was $60,047 compared to $114,119 for the nine months ended August 31, 2019, a decrease of $54,072 or 47%. The decrease is primarily a result of declining legacy virtual tour business. Our legacy “on demand” video business has been declining on average 35% per year over the past two years. This trend is driven by our once unique technology being commoditized and offered as a “free” tool by many real estate web site producers.

~~Cost of Revenue~~

~~Cost of revenues totaled $32,319 for the nine months ended August 31, 2020, compared to $78,181 for the nine months ended August 31, 2019, representing a decrease of $45,862 or 59%~~88%. Cost of revenues consists primarily of engineering and server costs incurred in connection with maintenance of our online networks. ~~The decline in costs is primarily the result of reduction in server costs.~~

Operating Expenses

Our operating expenses, which include salaries and benefits, ~~selling~~marketing and promotion ~~amortization and depreciation~~ and general and administrative expenses, decreased ~~$277,269 or 405%~~41% to ~~$90,181,~~$20,921, for the ~~nine~~three months ended ~~August 31, 2020,~~February 28, 2021, compared to ~~$367,450~~$35,483 for the ~~nine~~three months ended ~~August 31, 2019. The decrease was substantially due~~February 29, 2020. Marketing and promotion expenses decreased $5,505 and amounted to ~~a decrease in salary and benefit expense of $187,146 from~~$80 for the ~~issuance of warrants~~three months ended February 28, 2021 compared $5,585 for the three months ended February 29, 2020. We had no payroll related expenses during the quarter ended February 28, 2021 as the officers agreed to ~~key employees and other professionals in 2019 that was share-based compensation, a decrease in sales and marketing expense of $72,667, and a decrease in general~~not take salaries during the period to conserve costs. Payroll related costs amounted to $16,375 for the quarter ended February 29, 2020.

General and administrative expenses ~~of $17,456.~~amounted to $20,842 and $13,524 for the three months ended February 28, 2021 and February 29, 2020, respectively. A breakdown of general and administrative expenses is as follows:

Nine months Ended
August 31,
General and administrative 2020 2019 Increase/(Decrease)
Professional Fees and legal fees $ 25,374 $ 39,341 $ (13,967 )
Dues & subscriptions 2,145 2,689 (544 )
Insurance 1,510 1,898 (388 )
Miscellaneous 1,743 4,300 (2,557 )
Total $ 30,772 $ 48,228 $ (17,456 )

~~Other Income (Expenses)~~

	Three Months Ended
		February 28,		February 29,	Increase/
Expense		2021		2020	(Decrease)
Professional Fees	$	18,581	$	10,100	$	8,481
Insurance		-		840		(840	)
Other		2,261		2,584		(323	)
Total	$	20,842	$	13,524	$	7,318

~~Our other income, net, increased $12,438 for the nine months ended August 31, 2020 versus the prior year. A summary of other income (expense) is as follows:~~

Nine months Ended
August 31,
2020 2019 Increase/(Decrease)
Gain on settlements of convertible notes payable $ 10,438 $ $ 10,438
SBA Grant 2,000 - 2,000
Total $ 12,438 $ - $ 12,438
Net Income/Loss

We had net loss of ~~$50,015~~$9,256 for the ~~nine~~three months ended ~~August 31, 2020,~~February 28, 2021, compared to net loss of ~~$331,512~~$53,519 for the ~~nine~~three months ended ~~August 31, 2019, an increase~~February 29, 2020, a decrease of $281,497. The decrease is primarily due to a reduction in all operating expenses as well as the recording of stock-based compensation expense as a result of issuance of warrants during the prior fiscal year.$44,563.

Liquidity and Capital Resources; Anticipated Financing Needs

~~As of August 31, 2020,~~On February 28, 2021, we had ~~$134,227~~$11,385 cash on-hand, an ~~decrease~~increase of ~~$128,888~~$7,261 from the beginning of the ~~fiscal~~ year balance of ~~$263,115.~~$4,124.

Net cash used byin operating activities was ~~$74,468~~$20,239 for the ~~nine~~three months ended ~~August 31, 2020,~~February 28, 2021, a decrease of ~~$90,897~~$47,795 from ~~the $165,365~~$68,034 of cash ~~provided by~~used in operations during the ~~nine~~three months ended ~~August 31, 2019.~~February 29, 2020. This decrease was primarily todue a smaller operating loss during the ~~net loss the year.~~current fiscal quarter.

Net cash provided by investing activities was ~~($0)~~$-0- for the ~~nine~~three months ended ~~August 31, 2020 and 2019.~~

February 28, 2021. Net cash used in ~~financing~~investing activities was ~~$54,420~~$-0- for the ~~nine~~three months ended August 31, 2020, as a result of proceeds of $13,080 from the SBA paycheck protection loan offset by the repayment of the convertible notes payable of $67,500. During the nine months ended August 31, 2019 netFebruary 29, 2020.

Net cash provided by financing activities ~~total $230,025 as a result of~~was $27,500 for the three months ended February 28, 2021 from the issuance of ~~common stock and preferred stock.~~convertible promissory notes payable. There were no financing activities during the quarter ended February 29, 2020.

Our ability to continue as a going concern on a long-term basis is dependent upon our ability to generate sufficient cash flow from operations to meet our obligations on a timely basis, to obtain additional financing and ultimately attain profitability.

Based solely on our own internal estimates without the benefit of any independent third-party evaluation, we anticipate that our cash and cash flow will not be sufficient to satisfy our cash requirements over the next twelve months and we will likely require significant external financing. The magnitude of the additional financing and its timing is not yet precisely known. In the event that we are able to secure a sufficient amount of additional financing on a timely basis and on generous terms, it may include the issuance of equity or debt securities, obtaining credit facilities, or entering into other financing arrangements on such terms as then existing market conditions require. In the event that we were to issue additional equity or debt securities, stockholders may experience significant dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. And in the case of any issuance of ~~three~~one or more debt securities, the debt covenants may restrict our operating ability and our ability to raise additional financing from debt. Our ability to obtain additional capital on terms that are reasonable cannot be assured. We may be forced to obtain additional capital on terms that could limit our long-term ability to remain in business or otherwise materially restrict our operations.

Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most “critical accounting polices” in the Management Discussion and Analysis. The SEC indicated that a “critical accounting policy” is one which is both important to the portrayal of a company’s financial condition and results, and requires management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We have identified the policies below as critical to our understanding of the results of our business operations. We discuss the impact and any associated risks related to these policies on our business operations throughout Management’s Discussion and Analysis of Financial Condition and Results of Operations where such policies affect our reported and expected financial results.

In the ordinary course of business, we have made a number of estimates and assumptions in preparing our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Actual results could differ significantly from those estimates and assumptions. The following critical accounting policies are those that are most important to the portrayal of our financial statements. These policies require our most difficult, subjective, and complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. For a summary of our significant accounting policies, including the critical accounting policies discussed below, refer to Note 2 — “Summary of Significant Accounting Policies” included in the “Notes to Financial Statements”,

We consider the following accounting policies to be those most important to the portrayal of our results of operations and financial condition:

Revenue Recognition.

Revenue from Contracts with Customers

Revenue is recognized when all of the following criteria are met:

● Identification of the contract, or contracts, with a customer - A contract with a customer exists when (i) we enter into an enforceable contract with a customer that defines each party’s rights regarding the goods or services to be transferred and identifies the payment terms related to these goods or services, (ii) the contract has commercial substance and the parties are committed to perform, and (iii) we determine that collection of substantially all consideration to which it will be entitled in exchange for goods or services that will be transferred is probable based on the customer’s intent and ability to pay the promised consideration.

● ● Identification of the performance obligations in the contract - Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the goods or service either on its own or together with other resources that are readily available from third parties or from us, and are distinct in the context of the contract, whereby the transfer of the goods or services is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised goods or services, we apply judgment to determine whether promised goods or services are capable of being distinct and distinct in the context of the contract. If these criteria are not met the promised goods or services are accounted for as a combined performance obligation.

● Determination of the transaction price - The transaction price is determined based on the consideration to which we will be entitled in exchange for transferring goods or services to the customer adjusted for estimated variable consideration, if any. We typically estimate the transaction price impact of discounts offered to the customers for early payments on receivables or rebates based on channel partner sales achievements. Constraints are applied when estimating variable considerations based on historical experience where applicable.

● Allocation of the transaction price to the performance obligations in the contract - If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative SSP basis. Determination of SSP requires judgment. We determine standalone selling price taking into account available information such as historical selling prices of the performance obligation, geographic location, overall strategic pricing objective, market conditions and internally approved pricing guidelines related to the performance obligations.

● Recognition of revenue when, or as, we satisfy performance obligation - We satisfy performance obligations either over time or at a point in time as discussed in further detail below. Revenue is recognized at or over the time the related performance obligation is satisfied by transferring a promised good or service to a customer.

Income Taxes.

The Company accounts for income taxes using an asset and liability approach to financial accounting and reporting for income taxes. Accordingly, deferred tax assets and liabilities arise from the difference between the tax basis of an asset or liability and its reported amount in the financial statements. Deferred tax amounts are determined using the tax rates expected to be in effect when the taxes will actually be paid or refunds received, as provided under currently enacted tax law. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense or benefit is the tax payable or refundable, respectively, for the period plus or minus the change in deferred tax assets and liabilities during the period. The Company has recorded a full valuation allowance for its net deferred tax assets as of February 28, 2021 and November 30, 2020 because realization of those assets is not reasonably assured.

The Company will recognize a financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

The Company believes its income tax filing positions and deductions will be sustained upon examination and, accordingly, no reserves, or related accruals for interest and penalties has been recorded at February 28, 2021 and February 29, 2020.

Share-Based Compensation.

The Company accounts for stock incentive plans by measurement and recognition of compensation expense for all stock-based awards based on estimated fair values, net of estimated forfeitures. Share-based compensation expense ~~recognized for the three and nine months ended August 31, 2020 and 2019~~ includes compensation cost for ~~warrants issued.~~restricted stock awards and stock options. The Company uses the Black-Scholes option-pricing model to determine the fair value of options ~~and warrants~~ granted as of the grant date.

~~Accounts Receivable. The Company regularly reviews outstanding receivables~~ There was no share- based compensation for the quarters ended February 28, 2021 and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established loss reserves, the Company makes judgments regarding its customers’ ability to make required payments, economic events, and other factors. As the financial condition of these parties’ change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. The Company maintains reserves for potential credit losses, and such losses traditionally have been within its expectations. The Company has determined an allowance for doubtful accounts is not required as of August 31, 2020, and November 30, 2019.February 29, 2020.

Recently Issued Accounting ~~Pronouncements~~Standards

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material impact on the accompanying abbreviated financial statements.

Seasonality of Business

The residential real estate market has traditionally experienced seasonality, with a peak in the spring and summer seasons and a decrease in activity during the fall and winter seasons. Revenues in each quarter can be significantly affected by activity during the prior quarter, given the time lag between contract execution and closing. A typical real estate transaction has a 30-day lag between contract signing and closing of the transaction.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

~~ITEM 3 Quantitative and Qualitative Disclosures About Market Risk~~

ITEM 3

Quantitative and Qualitative Disclosures About Market Risk

As a smaller reporting company, we are not required to provide the information required by this Item.

~~ITEM 4 Controls and Procedures~~

ITEM 4

Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act. Disclosure controls and procedures include, without limitation, controls and other procedures that are designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, because of the Company’s limited resources and limited number of employees, management concluded that our disclosure controls and procedures were ineffective as of ~~August 31, 2020.~~February 28, 2021.

Management has identified control deficiencies regarding the lack of segregation of duties. Management of the Company believes that these material weaknesses are due to the small size of the Company’s accounting staff. The small size of the Company’s accounting staff may prevent adequate controls in the future, such as segregation of duties, due to the cost/benefit of such remediation.

To mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with the use of external legal and accounting professionals. As we grow, we expect to increase our number of employees, which should enable us to implement adequate segregation of duties within the internal control framework.

These control deficiencies could result in a misstatement of account balances that would result in a reasonable possibility that a material misstatement to our financial statements may not be prevented or detected on a timely basis. In light of this material weakness, we performed additional analyses and procedures in order to conclude that our unaudited financial statements for the quarter ended ~~August 31, 2020,~~February 28, 2021, included in this Quarterly Report on Form 10-Q were fairly stated in accordance with GAAP. Accordingly, management believes that despite our material weaknesses, our unaudited financial statements for the quarter ended ~~August 31, 2020~~February 28, 2021 are fairly stated, in all material respects, in accordance with GAAP.

Limitations on Effectiveness of Controls and Procedures

Our management, including our principal executive officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, during the transition period or our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

~~ITEM 1 Legal Proceedings~~

ITEM 1

Legal Proceedings

In the ordinary course of business, we may from time to time be involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. However, in the opinion of our management, matters currently pending or threatened against us are not expected to have a material adverse effect on our financial position or results of operations.

ITEM 1A

Risk Factors

~~ITEM 1A Risk Factors~~

As a smaller reporting company, we are not required to provide the information required by this Item.

ITEM 2

Unregistered Sales of Equity Securities and Use of Proceeds

~~ITEM 2 Unregistered Sales~~From December 10, 2020 through January 27, 2021, we entered into a Securities Purchase Agreement, by and among us and the purchasers named thereunder, pursuant to which we issued to each of ~~Equity~~seven investors a Senior Convertible Promissory Note in the principal amount of up to $10,000 (each, a “Note”, and collectively, the “Notes”) and a Common Stock Purchase Warrant to purchase up to 50,000 shares of our common stock at an exercise price of $0.10 per share (each, a “Warrant”, and collectively, the “Warrants”). The issuances of the Notes and Warrants were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, and ~~Use of Proceeds~~the holders were all either accredited or sophisticated investors familiar with our operations.

~~There is no information required to be disclosed with this item.~~

~~ITEM 3 Defaults Upon Senior Securities~~

ITEM 3

Defaults Upon Senior Securities

There is no information required to be disclosed by this Item.

~~ITEM 4 Mine Safety Disclosures~~

ITEM 4

Mine Safety Disclosures

There is no information required to be disclosed by this Item.

~~ITEM 5 Other Information~~

ITEM 5

Other Information

There is no information required to be disclosed by this Item.

~~ITEM 6 Exhibits~~

ITEM 6

Exhibits

Exhibit No.		Exhibit Description

2.1 (1)		Contribution and Spin-Off Agreement, dated as of October 27, 2017, by and among RealBiz Media Group, Inc., Anshu Bhatnagar, for purposes of Section 2.3 only, NestBuilder.com Corp., and Alex Aliksanyan

2.2 (2)		Memorandum of Understanding dated December 29, 2016, by and between Anshu Bhatnagar and Alex Aliksanyan

2.3 (2)		Amended and Restated Agreement dated January 2, 2017, by and among RealBiz Media Group, Inc., Anshu Bhatnagar and Alex Aliksanyan

2.4 (2)		First Amendment to Contribution and Spin-Off Agreement dated as of January 29, 2018, by and between RealBiz Media Group, Inc., Anshu Bhatnagar, NestBuilder.com Corp., and Alex Aliksanyan

3.1 (1)		Articles of Incorporation of NestBuilder.com Corp.

3.2 (1)		Bylaws of NestBuilder.com Corp.

3.3 ~~(5)~~(4)		Certificate of Designation of the Series A Convertible Preferred Stock

99.1 ~~(4)~~(3)		Preliminary Information Statement of NestBuilder.com Corp., subject to completion, dated April 12, 2018

10.1 (5)		Form of Securities Purchase Agreement

10.2 (5)		Form of Senior Convertible Promissory Note

10.3 (5)		Form of Common Stock Purchase Warrant

31.1		Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2		Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1*		Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2*		Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

~~(1) Incorporated by reference from our registration statement on Form 10, filed with the Commission on December 22, 2017.~~

~~(2) Incorporated by reference from Amendment No. 1 to our registration statement on Form 10/A, filed with the Commission on February 20, 2018.~~

~~(3) Incorporated by reference from Amendment No. 2 to our registration statement on Form 10/A, filed with the Commission on March 23, 2018.~~

~~(4) Incorporated by reference from Amendment No. 3 to our registration statement on Form 10/A, filed with the Commission on April 12, 2018.~~

~~(5) Incorporated by reference from our current report on Form 8-K, filed with the Commission on June 3, 2019.~~

	(1)	Incorporated by reference from our registration statement on Form 10, filed with the Commission on December 22, 2017.

	(2)	Incorporated by reference from Amendment No. 1 to our registration statement on Form 10/A, filed with the Commission on February 20, 2018.

	(3)	Incorporated by reference from Amendment No. 5 to our registration statement on Form 10/A, filed with the Commission on July 23, 2018.

	(4)	Incorporated by reference from our Current Report on Form 8-K, filed with the Commission on June 3, 2019.

	(5)	Incorporated by reference from our current report on Form 8-K, filed with the Commission on December 14, 2020.

* Furnished herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Nestbuilder.com Corp.

Dated: ~~October 5, 2020~~April 12, 2021	By:	/s/ William ~~McLeod~~Mcleod
	Name:	William ~~McLeod~~Mcleod
	Title:	Chief Executive Officer

1228

	Three Month Ended
	August 31,
Expense	2020		2019		Increase/(Decrease)
Professional Fees and legal fees	$	4,705	$	10,125	$	(5,420	)
Insurance		358		571		(213	)
Miscellaneous		1,353		1,830		(477	)
Total	$	6,416	$	12,526	$	(6,110	)

	Nine months Ended
	August 31,
General and administrative	2020		2019		Increase/(Decrease)
Professional Fees and legal fees	$	25,374	$	39,341	$	(13,967	)
Dues & subscriptions		2,145		2,689		(544	)
Insurance		1,510		1,898		(388	)
Miscellaneous		1,743		4,300		(2,557	)
Total	$	30,772	$	48,228	$	(17,456	)