Cover
Cover - USD ($) | 12 Months Ended | ||
Nov. 30, 2021 | Mar. 25, 2022 | May 31, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K/A | ||
Amendment Flag | true | ||
Amendment Description | Daniels Corporate Advisory Company, Inc. (“Daniels” or the “Company”) is filing this Amendment No. 1 on Form 10-K/A to its Annual Report on Form 10-K for the year ended November 30, 2021 (this “Amendment”) to amend the original Form 10-K filed on March 15, 2022 (the “Original Form 10-K”) as a result of a finding that the Company’s accounting financial accounting system, including backups, had been compromised and were infused with inaccurate data as well as missing data. The Company was required to investigate the many irregularities in its system and repair the entries. This occurred close to filing date, and it was impossible to have complete auditable information at that date. Subsequently, the Company was able to reconstruct the data and the audit was completed. Any changes to the filed numbers are considered immaterial. | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Nov. 30, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --11-30 | ||
Entity File Number | 333-169128 | ||
Entity Registrant Name | Daniels Corporate Advisory Company, Inc. | ||
Entity Central Index Key | 0001498291 | ||
Entity Tax Identification Number | 04-3667624 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | Parker Towers, 104-60 | ||
Entity Address, Address Line Two | Queens Boulevard | ||
Entity Address, Address Line Three | 12th Floor | ||
Entity Address, City or Town | Forest Hills | ||
Entity Address, State or Province | NY | ||
Entity Address, Postal Zip Code | 11375 | ||
City Area Code | (347) | ||
Local Phone Number | 242-3148 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 1,124,339 | ||
Entity Common Stock, Shares Outstanding | 1,269,733,831 | ||
Auditor Firm ID | 6706 | ||
Auditor Name | TPS Thayer, LLC | ||
Auditor Location | Sugar Land, Texas |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Nov. 30, 2021 | Nov. 30, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 181,088 | $ 200,858 |
Accounts receivable, net | 7,896 | 2,903 |
Inventory | 208,504 | 204,704 |
Prepaid expenses and other current assets | 6,096 | 82,997 |
Right of use assets | 24,993 | |
Total current assets | 403,584 | 516,455 |
Property and equipment, net | 701,006 | 658,985 |
Total assets | 1,104,590 | 1,175,440 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 710,333 | 763,383 |
Accounts payable and accrued liabilities – related party | 726,233 | 541,034 |
Notes payable, related party | 685,000 | 685,000 |
Notes payable, net of loan discounts | 801,986 | 835,734 |
Derivative liabilities | 875,487 | 1,592,017 |
Lease liabilities | 24,993 | |
Related party payables | 168,081 | 313,782 |
Total current liabilities | 3,967,120 | 4,755,943 |
Other noncurrent liabilities | 338,081 | 268,500 |
Total liabilities | 4,305,201 | 5,024,443 |
Commitments and contingencies | ||
Preferred Stock: | ||
Redeemable convertible preferred stock, Series B, $0.001 par value. 1,000,000 shares authorized; 240,000 and 125,600 shares issued and outstanding as of November 30, 2021 and 2020, respectively | 101,972 | 35,536 |
Stockholders’ Deficit: | ||
Series A preferred stock, $0.001 par value. 100,000 shares authorized; 100,000 shares issued and outstanding as of November 30, 2021 and 2020, respectively | 100 | 100 |
Common stock, $0.001 par value. 6,000,000,000 shares authorized; 779,298,529 and 241,774,989 shares issued and outstanding as of November 30, 2021 and 2020, respectively | 779,299 | 241,775 |
Additional paid-in capital | 8,366,837 | 7,993,255 |
Accumulated deficit | (12,384,470) | (12,055,320) |
Accumulated other comprehensive loss | (64,349) | (64,349) |
Total stockholders’ deficit | (3,302,583) | (3,884,539) |
Total liabilities, preferred stock and stockholders’ deficit | $ 1,104,590 | $ 1,175,440 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Nov. 30, 2021 | Nov. 30, 2020 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 50,100,000 | 50,100,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 6,000,000,000 | 6,000,000,000 |
Common stock, shares issued | 779,298,529 | 241,774,989 |
Common stock, shares outstanding | 779,298,529 | 241,774,989 |
Series B Preferred Stock [Member] | ||
Redeemable convertible preferred stock, par value | $ 0.001 | $ 0.001 |
Redeemable convertible preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Redeemable convertible preferred stock, shares issued | 240,000 | 125,600 |
Redeemable convertible preferred stock, shares outstanding | 240,000 | 125,600 |
Preferred stock, shares issued | 240,000 | 125,600 |
Preferred stock, shares outstanding | 240,000 | 125,600 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 100,000 | 100,000 |
Preferred stock, shares issued | 100,000 | 100,000 |
Preferred stock, shares outstanding | 100,000 | 100,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Statement [Abstract] | ||
Sales | $ 4,384,297 | $ 3,769,161 |
Cost of goods sold | 3,101,225 | 3,025,053 |
Gross margin | 1,283,072 | 744,108 |
Selling, general and administrative expenses | 1,396,542 | 1,085,313 |
Stock based compensation | 661,250 | |
Gain on change in derivative liabilities | 927,114 | 621,557 |
Interest expense, net | (785,514) | (373,856) |
Other income, net | 74,121 | (9,070) |
Income (loss) before income taxes | 102,251 | (763,824) |
Provision for income taxes (benefit) | ||
Net income (loss) | 102,251 | (763,824) |
Deemed dividend on preferred stock | 431,401 | 642,917 |
Net income (loss) attributable to common stockholders | $ (329,150) | $ (1,406,741) |
Basic and diluted loss per common share | $ 0 | $ (0.04) |
Weighted-average number of common shares outstanding: | ||
Basic and diluted | 347,162,602 | 37,398,549 |
Comprehensive loss: | ||
Unrealized gain (loss) | ||
Comprehensive income (loss) | $ 102,251 | $ (763,824) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Deficit - USD ($) | Series B Callable Preferred Stock [Member]Preferred Stock [Member] | Series A Preferred Stock [Member]Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Beginning balance, value at Nov. 30, 2019 | $ 100 | $ 25,546 | $ 7,171,768 | $ (10,648,579) | $ (64,349) | $ (3,515,514) | |
Begining balance, shares at Nov. 30, 2019 | 100,000 | 25,546,452 | |||||
Net income (loss) | (763,824) | (763,824) | |||||
Issuance of preferred stock in connection with sales made under private or public offerings, net of costs and discounts | |||||||
Issuance of preferred stock in connection with sales made under private or public offerings, net of costs and discounts, shares | 289,000 | ||||||
Accrued dividends and accretion of conversion feature on Series B preferred stock | $ 208,740 | (208,740) | (208,740) | ||||
Conversion of Series B preferred stock into common stock | $ (173,204) | $ 79,407 | 93,797 | 173,204 | |||
Conversion of Serives B preferred stock into common stock, shares | (163,400) | 79,407,358 | |||||
Relief of derivative liability from conversion of Series B preferred stock into common stock | 160,123 | 160,123 | |||||
Deemed dividends related to conversion feature of Series B preferred stock | (434,177) | (434,177) | |||||
Issuance of common stock as compensation to employees, officers and/or directors | $ 115,000 | 546,250 | 661,250 | ||||
Issuance of common stock as compensation to employees, officers and/or directors, shares | 115,000,000 | ||||||
Issuance of common stock in exchange for consulting, professional and other services | $ 1,750 | 21,250 | 23,000 | ||||
Issuance of common stock in exchange for consulting, professional and other services, shares | 1,750,000 | ||||||
Conversion of convertible notes and accrued interest into common stock | $ 20,072 | 67 | 20,139 | ||||
Conversion of convertible debentures and accrued interest into common stock, shares | 20,071,179 | ||||||
Ending balance, value at Nov. 30, 2020 | $ 35,536 | $ 100 | $ 241,775 | 7,993,255 | (12,055,320) | (64,349) | (3,884,539) |
Ending balance, shares at Nov. 30, 2020 | 125,600 | 100,000 | 241,774,989 | ||||
Net income (loss) | 102,251 | 102,251 | |||||
Issuance of preferred stock in connection with sales made under private or public offerings, net of costs and discounts | $ 29,122 | ||||||
Issuance of preferred stock in connection with sales made under private or public offerings, net of costs and discounts, shares | 400,500 | ||||||
Accrued dividends and accretion of conversion feature on Series B preferred stock | $ 340,580 | (340,580) | (340,580) | ||||
Conversion of Series B preferred stock into common stock | $ (246,556) | 144,423 | 102,133 | 246,556 | |||
Conversion of Serives B preferred stock into common stock, shares | (232,600) | ||||||
Relief of derivative liability from conversion of Series B preferred stock into common stock | 229,091 | 229,091 | |||||
Deemed dividends related to conversion feature of Series B preferred stock | (68,297) | (68,297) | |||||
Conversion of convertible notes and accrued interest into common stock | 378,510 | (3,399) | 375,111 | ||||
Redemption of Series B preferred stock | $ (56,710) | (22,524) | (22,524) | ||||
Redemption of Series B preferred stock, shares | (53,500) | ||||||
Issuance of common stock in exchange for consulting, professional and other services | $ 14,591 | 45,757 | 60,348 | ||||
Issuance of common stock in exchange for consulting, professional and other services, shares | 14,590,743 | ||||||
Conversion of convertible notes and accrued interest into common stock, shares | 378,510,169 | ||||||
Ending balance, value at Nov. 30, 2021 | $ 101,972 | $ 100 | $ 779,299 | $ 8,366,837 | $ (12,384,470) | $ (64,349) | $ (3,302,583) |
Ending balance, shares at Nov. 30, 2021 | 240,000 | 100,000 | 779,298,529 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Cash flows from operating activities of continuing operations: | ||
Net income (loss) | $ 102,251 | $ (763,824) |
Adjustments to reconcile net loss to cash provided by (used in) operating activities: | ||
Depreciation and amortization | 157,630 | 56,790 |
Amortization of debt discount | 32,708 | |
Common stock issued in exchange for fees and services | 60,348 | 23,000 |
Gain on change in derivative liabilities | (927,114) | (621,557) |
Gain (loss) on disposal of property and equipment | (74,121) | 9,070 |
Stock based compensation | 661,250 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (4,993) | (2,873) |
Inventory | (3,800) | 299,431 |
Prepaid expenses and other current assets | 76,900 | (67,809) |
Right of use assets and lease liabilities | (788) | |
Accounts payable and accrued liabilities | 316,061 | 224,533 |
Related party payables | (139,031) | 71,076 |
Other noncurrent liabilities | 152,763 | 318,885 |
Net cash provided by (used in) operating activities | (283,106) | 239,892 |
Cash flows from investing activities: | ||
Proceeds received from the disposal of property and equipment | 244,726 | 83,751 |
Purchase of fixed assets | (370,257) | (551,165) |
Net cash used in financing activities | (125,531) | (467,414) |
Cash flows from financing activities: | ||
Proceeds from issuance of preferred stock, net of issuance costs | 343,790 | 289,000 |
Proceeds from issuance of convertible notes | 50,000 | |
Proceeds from commercial loans payable | 411,649 | 88,000 |
Proceeds from related party payables | (52,500) | |
Redemption of preferred stock | (22,524) | |
Repayments of commercial loans payable | (344,048) | (22,034) |
Net cash provided by financing activities | 388,867 | 352,466 |
Net (decrease) increase in cash and cash equivalents | (19,770) | 124,944 |
Cash and cash equivalents at beginning of year | 200,858 | 75,914 |
Cash and cash equivalents at end of year | 181,088 | 200,858 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | ||
Cash paid for income taxes | ||
Supplemental disclosure of non-cash investing and financing activities: | ||
Conversion of convertible notes and accrued interest into common stock | 375,111 | 20,138 |
Conversion of Series B preferred stock into common stock | 246,556 | 173,204 |
Discount for issuance costs and/or beneficial conversion features on convertible notes | 2,500 | |
Accrued dividends and accretion of conversion feature on Series B preferred stock | 340,580 | 208,740 |
Deemed dividends related to conversion feature of Series B preferred stock | 68,296 | 434,176 |
Relief of derivative liability from conversion of Series B preferred stock into common stock | $ 229,091 | $ 160,122 |
ORGANIZATION AND BASIS OF PRESE
ORGANIZATION AND BASIS OF PRESENTATION | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND BASIS OF PRESENTATION | NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION Daniels Corporate Advisory Company, Inc. (“Daniels” or the Company) was incorporated in the State of Nevada May 2, 2002 The Company formed Payless Truckers, Inc. (“Payless”), a wholly-owned subsidiary which was incorporated in the State of Nevada, on April 11, 2018. Payless is a start-up trucking company whose principal business is to acquire, refurbish, add location electronics, advertise and sell or lease commercial vehicles to long haul drivers. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company has prepared the accompanying consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The Company believes these consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of its consolidated financial position and consolidated results of operations for the periods presented. Use of Estimates The preparation of financial statements in conformity with US 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. Actual results could differ from those estimates. Risk and Uncertainties The Company’s future results of operations and financial condition will be impacted by the following factors, among others: its lack of capital resources, dependence on third-party management to operate the companies in which it invests and dependence on the successful development and marketing of any new products in new and existing markets. Generally, the Company is unable to predict the future status of these areas of risk and uncertainty. However, negative trends or conditions in these areas could have an adverse effect on its business. Reclassifications Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or and financial position. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents. The Company maintains its cash balances with a high-credit-quality financial institution. At times, such cash may be in excess of the Federal Deposit Insurance Corporation-insured limit of $ 250,000 Accounts Receivable Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required. Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. Inventory Inventory consists of well-maintained, class 8 heavy duty trucks primarily acquired at auction. Inventory is valued at the lower of cost (specific identification method) or net realizable value. An allowance for potential non-saleable inventory due to movement, current conditions or obsolescence is based upon a review of inventory quantities, past history and expected future usage. The Company believes that no Convertible Instruments The Company evaluates and accounts for conversion options embedded in convertible instruments in accordance with ASC 815 “ Derivatives and Hedging Activities Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) by recording, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. Fair Value of Financial Instruments In September 2006, the Financial Accounting Standards Board (“FASB”) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities. The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (“ASC’) 820 “ Fair Value Measurements and Disclosures” ● Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ● Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability; either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. ● Level 3—Inputs that are both significant to the fair value measurement and unobservable. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, accounts payable and accrued expenses, notes payable, notes payable to related parties, related parties payable and derivative liabilities. The Company has also applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company’s financial statements. Comprehensive Loss ASC Topic 220 (SFAS No. 130) establishes standards for reporting comprehensive income and its components. Comprehensive income is defined as the change in equity during a period from transactions and other events from non-owner sources. Revenue and Cost Recognition The Company recognizes revenue when it satisfies performance obligations by the transfer of control of products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company recognizes revenue from class 8 heavy duty truck sales to customers when it satisfies its performance obligation, at a point in time, when title to the truck is transferred to the customer and collection of cash is certain. Delivery or shipping charges billed to customers, if applicable, are included in product sales and the related shipping costs are included in cost of goods sold. The Company also recognizes revenue from the rental of class 8 heavy-duty trucks to customers. Revenue from these truck rental agreements is recognized based upon the passage of time over the term of the arrangement once control of the underlying asset has been transferred to the customer. The arrangements require weekly payments, and the customer may cancel the agreement at any time by notifying the Company in writing at least 30 days before such termination. Revenue is recognized and related accounts receivable is recorded when the Company has transferred a good or service to a customer and its right to receive consideration is unconditional through the completion of our performance obligation. The Company had accounts receivable totaling $ 7,896 and $ 2,903 as of November 30, 2021 and 2020, respectively. No allowance provided as of November 30, 2021 or 2020. Right of Use Assets and Lease Liabilities In February 2016, the FASB issued ASU No. 2016-02, “Leases” Under ASC 842, the Company determines if an arrangement is a lease at inception. Right-of-Use assets and liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. For this purpose, the Company considers only payments that are fixed and determinable at the time of commencement. As most of the Company’s leases do not provide an implicit rate, the Company estimated the incremental borrowing rate in determining the present value of lease payments. The ROU asset also includes any lease payments made prior to commencement and is recorded net of any lease incentives received. The Company lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. Operating leases are included in operating lease right-of-use assets and operating lease liabilities on the Company’s condensed consolidated balance sheets. The adoption did not impact the Company’s beginning retained earnings, or prior year consolidated statements of income and statements of cash flows. Property and Equipment, Net Property and equipment, net is reported at cost less accumulated depreciation, which is generally provided on the straight-line method over the estimated useful lives of the assets. Upon sale or retirement of an asset, the related costs and accumulated depreciation are removed from the accounts and any gain or loss is recognized. Long-Lived Assets The Company evaluates the recoverability of its long-lived assets whenever events or changes in circumstances have indicated that an asset may not be recoverable. The long-lived asset is grouped with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. If the sum of the projected undiscounted cash flows is less than the carrying value of the assets, the assets are written down to the estimated fair value. The Company evaluated the recoverability of its long-lived assets on November 30, 2021 and 2020, respectively, on its subsidiaries with material amounts on their respective balance sheets and determined that no impairment exists. Income Taxes The Company, a C-corporation, accounts for income taxes under ASC Topic 740 (SFAS No. 109). Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company adopted the provisions of FASB ASC 740-10, “ Uncertainty in Income Taxes” Net Income (Loss) Per Share The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is antidilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal. Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes On June 16, 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20, Debt—Debt with Conversion and Other Options Hedging—Contracts in Entity’s Own Equity The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its consolidated financial statements. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Nov. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 3 - RELATED PARTY TRANSACTIONS The Company currently rents space from Arthur Viola, the Company’s president. This is a month-to-month rental and there is no commitment beyond each month. The monthly rent expense is $ 2,100 Effective December 15, 2016, Arthur Viola entered into a $ 685,000 December 15, 2018 10 Mr. Viola has the option to convert any portion of the unpaid principal balance into the Company’s common stock at a discount to market of 50% at any time. No repayment or conversion of the note occurred as of November 30, 2021, and no notice of default has been issued In 2016, Mr. Viola personally funded $ 10,200 Mr. Viola is entitled to receive a salary of $ 175,000 annually. Mr. Viola has deferred all cash payments of his base salary in an effort to help the Company fund its operations. At November 30, 2021 and 2020, the total amount of accrued compensation owed to Mr. Viola was $ 716,033 and $ 541,034 , respectively. These amounts are included in accounts payable. The Company’s wholly-owned subsidiary Payless Truckers, Inc. have received net loan proceeds aggregating $ 140,681 35 40 Two companies owned by Payless’ former President and certain family members has loaned the Company floor plan financing for a monthly fee per truck financed. During the years ended November 30, 2021 and 2020, financing fees and interest totaling approximately $ 40,345 and $ 47,000 , respectively, were paid to the related party. At November 30, 2021, the outstanding loan balance was $ 20,426 . Three owned by Payless’s former President served as an authorized agent to sell trucks for the Company. During the years ended November 30, 2021 and 2020, sales commissions of $ 65,870 and $ 120,500 , respectively, were paid to the related party. A different company owned by a brother of Payless’ former president performs contract services, including sales and shop work, for the Company. During the years ended November 30, 2021 and 2020, sales commissions and shop work of $ 69,904 and $ 30,000 , respectively, were paid to the related party. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Nov. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 4 - 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 as they become due. For the year ended November 30, 2021, the Company realized net income of $ 102,251 , of which $ 215,721 was attributable to other income, and had a working capital deficit of $ 3,563,536 . For the year ending November 30, 2020, the Company incurred a net loss of $ 763,824 4,239,488 1,825,067 and had $ 181,088 in cash. As of November 30, 2020, the Company has outstanding indebtedness, net of discounts, of $ 1,789,234 200,858 As such, there is substantial doubt as to the Company’s ability to continue as a going concern. The Company’s ability to continue as such is dependent upon management’s ability to successfully execute its business plan, including increasing revenues through the sale of existing and future product offerings and reducing expenses in order to meet the Company’s current and future obligations. In addition, the Company’s ability to continue as a going concern is dependent upon management’s ability to successfully satisfy, refinance or replace its current indebtedness. Failure to satisfy existing or obtain new financing may have a material adverse impact on the Company’s operations and liquidity. Management is committed to providing and/or securing additional capital through the sale of equity, issuance of debt, or other financial alternatives. The Company is expanding its operations through its leasing program. It believes that it is well positioned to generate significant recurring revenue and cash flows required to sustain its operations. However, even if the Company is successful in executing its plan, the Company may not generate enough revenue to satisfy all of its current obligations as they become due in addition to its outstanding indebtedness. Until the Company consistently generates positive cash flow from its operations, or successfully satisfies, refinances or replaces its current indebtedness, there is substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result if the Company is unable to operate as a going concern. |
COVID-19
COVID-19 | 12 Months Ended |
Nov. 30, 2021 | |
Unusual or Infrequent Items, or Both [Abstract] | |
COVID-19 | NOTE 5 - COVID-19 On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency in response to a new strain of a coronavirus (the “COVID-19 outbreak”). In March 2020, the WHO classified the COVID-19 outbreak as a pandemic based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management is actively monitoring the global situation and its effects on the Company’s industry, financial condition, liquidity, and operations. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. However, if the pandemic continues, it may have a material adverse effect on the Company’s results of future operations, financial position, and liquidity in fiscal year 2021. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Nov. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 6 - COMMITMENTS AND CONTINGENCIES Commitments The Company currently has no long-term commitments. Contingencies None. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Nov. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 7 - PROPERTY AND EQUIPMENT The following table sets forth the components of the Company’s property and equipment at November 30, 2021 and 2020: SCHEDULE OF COMPONENTS OF PROPERTY AND EQUIPMENT November 30, 2021 November 30, 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Machinery and equipment 6,432 (3,881 ) 2,551 6,432 (1,738 ) 4,694 Vehicles 880,951 (182,496 ) 698,455 711,164 (56,873 ) 654,291 Total property and equipment $ 887,383 $ (186,377 ) $ 701,006 $ 717,596 $ (58,611 ) $ 658,985 For the years ended November 30, 2021 and 2020, the Company recorded depreciation expense of $ 157,630 and $ 56,790 , respectively. During the year ended November 30, 2021 the Company received proceeds of $ 244,726 74,121 83,751 and recorded a loss of $ 9,070 related to the disposal of two trucks. Additionally, the Company reclassified one truck from property and equipment to inventory. |
LEASES
LEASES | 12 Months Ended |
Nov. 30, 2021 | |
Leases | |
LEASES | NOTE 8 - LEASES The Company has entered into operating leases primarily for real estate. These leases have terms which range from one year to two years, and often include one or more options to renew. The Company recognizes on the balance sheet at the time of lease commencement or modification a right of use (“RoU”) operating lease asset and a lease liability, initially measured at the present value of the lease payments. Lease costs are recognized in the income statement over the lease term on a straight-line basis. RoU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities commencing after January 1, 2019 are recognized at commencement date based on the present value of lease payments over the lease term. Currently, the Company’s leases are maintained on a month-to-month basis. Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company has not recorded any value related to ROU assets and lease liabilities for operating leases as of November 30, 2021. For the year ended November 30, 2021, the Company recognized approximately $ 57,860 Because the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments. The following table presents the Company’s future minimum lease obligation under ASC 842 as of November 30, 2021: SCHEDULE OF FUTURE MINIMUM LEASE OBLIGATION 2022 fiscal year $ 55,200 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Nov. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 9 - INCOME TAXES The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the years ended November 30, 2021 and 2020: SCHEDULE OF INCOME TAX EXPENSE (BENEFIT) November 30, 2021 November 30, 2020 Tax provision (recovery) at effective tax rate ( 21 $ 21,473 $ (160,403 ) Change in valuation reserve (21,473 ) 160,403 Tax provision (recovery), net $ – $ – As of November 30, 2021, the Company had approximately $ 12.4 expire at various times through 2039 21 Components of deferred tax assets and (liabilities) are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES November 30, 2021 November 30, 2020 Net operating loss carry forwards available at effective tax rate ( 21 $ 2,601,000 $ 2,532,000 Valuation Allowances (2,601,000) (2,532,000 ) Deferred Tax Asset $ – $ – In accordance with FASB ASC 740 “Income Taxes”, valuation allowances are provided against deferred tax assets, if based on the weight of available evidence, some or all of the deferred tax assets may or will not be realized. The Company has evaluated its ability to realize some or all of the deferred tax assets on its balance sheet and has established a valuation allowance of approximately $ 2.6 |
NOTES PAYABLE
NOTES PAYABLE | 12 Months Ended |
Nov. 30, 2021 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 10 - NOTES PAYABLE Convertible Notes On August 31, 2015, the Company entered in convertible note agreement with a private and accredited investor, LG Capital, in the amount of $ 75,000 , unsecured, with principal and interest (stated at 8 %) amounts due and payable upon maturity on February 28, 2016 . After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 0.03 % to 0.08 %; Dividend rate of 0 %; and, historical volatility rates ranging from 195 % to 236 %. As of November 30, 2021 and 2020, the note balance was $ 55,224 and all associated loan discounts were fully amortized. On December 30, 2015, the Company entered in convertible note agreement with a private and accredited investor, Auctus Private Equity Fund LLC, in the amount of $ 130,000 , unsecured, with principal and interest (stated at 10 %) amounts due and payable upon maturity on September 30, 2016 . After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 0.03 % to 0.16 %; Dividend rate of 0 %; and, historical volatility rates ranging from 208 % to 269 %. As of November 30, 2021 and 2020, the note balance was $ 98,459 and all associated loan discounts were fully amortized. On January 21, 2016, the Company entered in convertible note agreement with a private and accredited investor, John De La Cross Capital Partners Inc., in the amount of $ 8,000 , unsecured, with principal and interest (stated at 5 %) amounts due and payable upon demand. The note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 0.03 % to 0.16 %; Dividend rate of 0 %; and, historical volatility rates ranging from 208 % to 269 %. As of November 30, 2021 and 2020, the note balance was $ 4,000 and all associated loan discounts were fully amortized. On November 23, 2016, the Company entered in convertible note agreement with a private and accredited investor, Auctus Private Equity Fund LLC, in the amount of $ 61,000 , unsecured, with principal and interest (stated at 12 %) amounts due and payable upon maturity on August 23, 2017 . After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 0.03 % to 0.16 %; Dividend rate of 0 %; and, historical volatility rates ranging from 208 % to 269 %. The Company amended its convertible note agreement to allow for additional principal borrowings. As of November 30, 2021 and 2020, the note balance was $ 78,700 and all associated loan discounts were fully amortized. On October 15, 2018, the Company entered in convertible note agreement with a private and accredited investor, Auctus Fund LLC, in the amount of $ 350,000 , unsecured, with principal and interest (stated at 12 %) amounts due and payable upon maturity on July 15, 2019 . At any time following issuance, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 2.67 % to 2.70 %; Dividend rate of 0 %; and, historical volatility rates ranging from 390 % to 423 %. As of November 30, 2021 and 2020, the note balance was $ 244,170 350,000 and all associated loan discounts were fully amortized. On February 14, 2019, the Company entered in convertible note agreement with a private and accredited investor, Auctus Fund LLC, in the amount of $ 57,750 , secured by all of the assets of the Company and its subsidiaries, with principal and interest (stated at 12 %) amounts due and payable upon maturity on November 14, 2019 . At any time following issuance, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 1.76 % to 2.54 %; Dividend rate of 0 %; and, historical volatility rates ranging from 139 % to 1,467 %. As of November 30, 2021 and 2020, the note balance was $ 57,750 and all associated loan discounts were fully amortized. On July 22, 2019, the Company entered in convertible note agreement with a private and accredited investor, Auctus Fund LLC, in the amount of $ 75,250 , secured by all of the assets of the Company and its subsidiaries, with principal and interest (stated at 12 %) amounts due and payable upon maturity on April 22, 2020 . At any time following issuance, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from 1.76 % to 1.95 %; Dividend rate of 0 %; and, historical volatility rates ranging from 1,313 % to 1,467 %. As of November 30, 2021 and 2020, the note balance was $ 75,250 and all associated loan discounts were fully amortized. Promissory Notes On January 31, 2020, the Company issued a promissory note to GC Capital Partners, LLC in the amount of $ 52,500 10,000 August 26, 2020 2,500 0 From time to time, the Company issues secured promissory notes to individual lenders to finance truck purchases for the Company’s rental program. Annual interest rates on such notes are generally 30 48 471,647 319,000 133,567 50,385 20,876 Commercial Loans On September 10, 2020, the Company executed two future receivables sale and purchase agreements with Sutton Funding. Under the agreements, the Company sold an aggregate of $ 67,200 48,000 538 On October 26, 2020, the Company executed a merchant cash advance agreement with Biz Buzz Capital. Under the agreement, the Company sold an aggregate of $ 57,200 40,000 3,180 On December 16, 2020, the Company executed two future receivables sale and purchase agreements with Sutton Funding. Under the agreements, the Company sold an aggregate of $ 140,000 100,000 1,272 On December 21, 2020, the Company executed a future receivables sale and purchase agreement with Sutton Funding. Under the agreement, the Company sold an aggregate of $ 70,000 50,000 676 On May 28, 2021, the Company executed two future receivables sale and purchase agreements with Sutton Funding. Under the agreements, the Company sold an aggregate of $ 210,000 150,000 1,591 On June 21, 2021, the Company executed a merchant cash advance agreement with Consistent Funding. Under the agreement, the Company sold an aggregate of $ 142,000 100,000 1,076 On November 8, 2021, the Company executed a merchant cash advance agreement with Consistent Funding. Under the agreement, the Company sold an aggregate of $ 145,000 100,000 656 As of November 30, 2021, the total outstanding principal on these future receivable sale and purchase agreements was approximately $ 133,567 Floor Plan Financings From time to time, the Company secures floor plan financings with individual lenders to finance truck purchases for the Company’s flip program. Annual interest rates on such notes are generally 18 24 273,316 343,812 157,881 303,582 |
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES | 12 Months Ended |
Nov. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES | NOTE 11 - DERIVATIVE LIABILITIES The Company accounts for derivative financial instruments in accordance with ASC 815, which requires that all derivative financial instruments be recorded in the balance sheets either as assets or liabilities at fair value. The Company’s derivative liability is an embedded derivative associated with some of the Company’s convertible promissory notes and Series B preferred mandatorily redeemable convertible stock. The convertible promissory notes are hybrid instruments which contain embedded derivative features which individually warrant separate accounting as a derivative instrument under Paragraph 815-10-05-4. The embedded derivative features include the conversion features to the notes. Pursuant to ASC 815, the value of the embedded derivative liabilities has been bifurcated from the debt host contract and recorded as derivative liabilities resulting in a reduction of the initial carrying amount (as unamortized discount) of the notes, which are amortized as debt discount to be presented in other (income) expenses in the statements of operations using the effective interest method over the life of the notes. The Series B preferred mandatorily redeemable convertible stock are hybrid instruments which contain embedded derivative features which individually warrant separate accounting as a derivative instrument under Paragraph 815-10-15-83. The embedded derivative features include the conversion features to the preferred stock. Pursuant to ASC 815, the value of the embedded derivative liabilities has been bifurcated from the debt host contract and recorded as derivative liabilities resulting in a reduction of the initial carrying amount (as unaccreted dividend) of the preferred stock, which are amortized as stock dividend to be presented in other (income) expenses in the statements of operations using the effective interest method over the life of the preferred stock. The embedded derivative within the notes have been valued using the Black Scholes approach, recorded at fair value at the date of issuance; and marked-to-market at each reporting period end date with changes in fair value recorded in the Company’s statements of operations as “change in the fair value of derivative instrument”. As of November 30, 2021 and 2020, the estimated fair value of derivative liabilities was determined to be $ 875,487 1,592,017 439,675 723,176 927,114 621,557 Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed as of November 30, 2020: SUMMARY OF FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS Fair Value Measurement Using Carrying Value Level 1 Level 2 Level 3 Total Derivative liabilities on conversion feature 1,592,017 – – 1,592,017 1,592,017 Total derivative liabilities $ 1,592,017 $ – $ – $ 1,592,017 $ 1,592,017 Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed as of November 30, 2021: Fair Value Measurement Using Carrying Value Level 1 Level 2 Level 3 Total Derivative liabilities on conversion feature 875,487 – – 875,487 875,487 Total derivative liabilities $ 875,487 $ – $ – $ 875,487 $ 875,487 Summary of the Changes in Fair Value of Level 3 Financial Liabilities The table below provides a summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended November 30, 2021 and 2020: SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES Derivative Liabilities Fair value, November 30, 2019 $ 1,650,520 Additions 723,176 Relief from conversion of preferred stock (160,122 ) Change in fair value (621,557 ) Fair value, November 30, 2020 1,592,017 Additions 439,675 Relief from conversion of preferred stock (229,091 ) Change in fair value (927,114 ) Fair value, November 30, 2021 $ 875,487 |
STOCKHOLDERS_ EQUITY
STOCKHOLDERS’ EQUITY | 12 Months Ended |
Nov. 30, 2021 | |
Equity [Abstract] | |
STOCKHOLDERS’ EQUITY | NOTE 12 – STOCKHOLDERS’ EQUITY The Company is authorized to issue two classes of shares being designated preferred stock and common stock. Preferred Stock The number of shares of preferred stock authorized is 50,100,000 0.001 100,000 240,000 125,600 Series A Preferred Stock Mr. Arthur D. Viola, the Company’s president, owns 100,000 shares of super voting preferred stock entitling him to vote sixty-six and two-thirds percent (66.67%) of the common stock shares in any common stock vote Series B Preferred Stock On February 24, 2020, the Company filed a certificate of designations with the State of Nevada, designating 1,000,000 1.00 0.001 10 35 20 All shares of mandatorily redeemable convertible preferred stock have been presented outside of permanent equity in accordance with ASC 480, Classification and Measurement of Redeemable Securities On March 19, 2020, the Company sold 73,000 10 70,000 144,894 On May 22, 2020, the Company sold 103,000 10 100,000 408,566 On July 6, 2020, the Company sold 58,000 10 55,000 92,317 On November 19, 2020, the Company sold 55,000 10 49,800 77,399 On December 31, 2020, the Company sold 53,500 10 50,000 88,694 On January 13, 2021, the Company sold 43,500 10 40,000 50,753 On March 2, 2021, the Company sold 43,500 10 40,000 55,774 On May 20, 2021, the Company sold 55,000 10 51,250 46,771 On June 28, 2021, the Company redeemed 53,500 79,234 22,524 On June 28, 2021, the Company sold 53,750 10 50,000 43,990 On July 14, 2021, the Company sold 58,750 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10 %, to Geneva, for $ 55,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $ 72,325 valued using the Black-Scholes Model, associated with Series B preferred On September 2, 2021, the Company sold 48,750 10 45,000 41,002 On September 3, 2021, the Company sold 43,750 10 40,000 40,365 As of November 30, 2021, the estimated fair value of these derivative liabilities was determined to be $ 159,877 173,811 During the year ended November 30, 2021, the Company recorded $ 317,112 22,269 240,000 148,222 Common Stock The number of shares of common stock authorized is 6,000,000,000 0.001 779,298,529 241,774,989 On February 3, 2020, the Company issued 1,000,000 On February 12, 2020, the Company issued 750,000 On March 19, 2020, the Company issued 1,362,000 1,838 On June 10, 2020, the Company issued 1,430,000 1,330 On September 2, 2020, the Company issued 1,501,398 3,243 On September 22, 2020, the Company issued 1,558,824 7,950 On October 14, 2020, the Company issued 1,606,061 5,300 On October 23, 2020, the Company issued 1,702,424 5,618 On November 2, 2020, the Company issued 1,817,143 3,816 On November 2, 2020, the Company issued 1,819,195 1,583 On November 4, 2020, the Company issued 1,867,619 3,922 On November 4, 2020, the Company issued 1,909,793 1,662 On November 5, 2020, the Company issued 1,867,619 3,922 On November 6, 2020, the Company issued 1,867,619 3,922 On November 11, 2020, the Company issued 2,271,429 4,770 On November 11, 2020, the Company issued 2,375,494 2,067 On November 11, 2020, the Company issued 115,000,000 On November 16, 2020, the Company issued 2,372,381 4,982 On November 18, 2020, the Company issued 8,328,571 17,490 On November 19, 2020, the Company issued 7,470,476 15,688 On November 20, 2020, the Company issued 8,429,524 17,702 On November 23, 2020, the Company issued 8,833,333 18,550 On November 23, 2020, the Company issued 9,673,299 8,416 On November 24, 2020, the Company issued 8,833,333 18,550 On November 25, 2020, the Company issued 9,590,476 20,140 On November 30, 2020, the Company issued 10,990,526 20,882 On December 1, 2020, the Company issued 7,420,000 13,356 On December 9, 2020, the Company issued 12,434,783 8,580 On January 8, 2021, the Company issued 5,763,581 On January 8, 2021, the Company issued 7,227,273 15,900 On January 11, 2021, the Company issued 11,081,818 24,380 On January 13, 2021, the Company issued 10,095,238 21,200 On February 23, 2021, the Company issued 5,000,000 On March 16, 2021, the Company issued 15,009,797 18,462 On April 8, 2021, the Company issued 15,758,699 19,383 On April 19, 2021, the Company issued 16,545,100 19,854 On May 4, 2021, the Company issued 17,370,578 shares of its common stock in exchange for the conversion of $ 20,324 On May 12, 2021, the Company issued 18,237,500 20,791 On May 24, 2021, the Company issued 7,571,429 15,900 On May 25, 2021, the Company issued 19,147,500 18,956 On May 26, 2021, the Company issued 10,095,238 21,200 On May 27, 2021, the Company issued 10,095,238 21,200 On June 8, 2021, the Company issued 21,488,300 16,761 On June 15, 2021, the Company issued 3,827,162 On June 24, 2021, the Company issued 22,751,590 17,746 On July 8, 2021, the Company issued 18,794,702 15,788 On July 19, 2021, the Company issued 16,736,842 31,800 On July 20, 2021, the Company issued 7,531,579 14,310 On July 26, 2021, the Company issued 24,824,700 27,804 On August 9, 2021, the Company issued 27,274,500 30,547 On August 25, 2021, the Company issued 28,635,500 28,636 On September 2, the Company issued 15,588,235 26,500 On September 3, 2021, the Company issued 11,535,294 19,610 On September 9, 2021, the Company issued 18,320,200 18,320 On September 28, 2021, the Company issued 32,332,000 32,332 On October 25, 2021, the Company issued 33,945,400 38,019 On November 15, 2021, the Company issued 35,639,300 22,809 On November 29, 2021, the Company issued 29,444,444 21,200 |
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS | 12 Months Ended |
Nov. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
LEGAL PROCEEDINGS | NOTE 13 - LEGAL PROCEEDINGS The Company is not currently a party to any material legal proceedings. The Company’s counsel has no formal knowledge in the form of filings of any pending or contemplated litigation, claims or assessments. With regard to matters recognized to involve an unasserted possible claim or assessment that may call for financial statement disclosure and to which counsel has formed a professional conclusion that the Company should disclosure or consider disclosure concerning such possible claims or assessment, as a matter of professional responsibility to the Company, counsel will so advise and will consult with the company concerning the question of such disclosure and the applicable requirements of FASB ASC 450, “Contingencies”. To date, counsel has no formal knowledge of any unasserted possible claims. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 12 Months Ended |
Nov. 30, 2021 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION | NOTE 14 – SEGMENT INFORMATION The Company views its operations and manages its business as one |
REVENUE RECOGNITION
REVENUE RECOGNITION | 12 Months Ended |
Nov. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
REVENUE RECOGNITION | NOTE 15 – REVENUE RECOGNITION The Company recognizes revenue when it satisfies performance obligations by the transfer of control of products or services to its customers, in an amount that reflects the consideration it expects to be entitled to in exchange for those products or services. The Company recognizes revenue from class 8 heavy duty truck sales to customers when it satisfies its performance obligation, at a point in time, when title to the truck is transferred to the customer and collection of cash is certain. Delivery or shipping charges billed to customers, if applicable, are included in product sales and the related shipping costs are included in cost of goods sold. For the year ended November 30, 2021, the Company recognized sales revenue from the resale of refurbished trucks of $ 3,540,173 , as compared to sales revenue from the resale of refurbished trucks of $ 3,324,479 during the year ended November 30, 2020. The Company also recognize revenue from the rental of class 8 heavy-duty trucks to customers. Revenue from these truck rental agreements is recognized based upon the passage of time over the term of the arrangement once control of the underlying asset has been transferred to the customer. The arrangements require weekly payments, and the customer may cancel the agreement at any time by notifying the Company in writing at least 30 days before such termination 803,537 40,587 417,937 26,745 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Nov. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 16 - SUBSEQUENT EVENTS In accordance with FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to November 30, 2021 to the date these consolidated financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements, except as follows: On December 9, 2021, the Company executed a merchant cash advance agreement with Consistent Funding. Under the agreement, the Company sold an aggregate of $ 116,000 80,000 967 On January 24, 2022, the Company executed a future receivables sale and purchase agreement with Gem Funding LLC. Under the agreement, the Company sold an aggregate of $ 101,100 70,000 596 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The Company has prepared the accompanying consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The Company believes these consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of its consolidated financial position and consolidated results of operations for the periods presented. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with US 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. Actual results could differ from those estimates. |
Risk and Uncertainties | Risk and Uncertainties The Company’s future results of operations and financial condition will be impacted by the following factors, among others: its lack of capital resources, dependence on third-party management to operate the companies in which it invests and dependence on the successful development and marketing of any new products in new and existing markets. Generally, the Company is unable to predict the future status of these areas of risk and uncertainty. However, negative trends or conditions in these areas could have an adverse effect on its business. |
Reclassifications | Reclassifications Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or and financial position. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents. The Company maintains its cash balances with a high-credit-quality financial institution. At times, such cash may be in excess of the Federal Deposit Insurance Corporation-insured limit of $ 250,000 |
Accounts Receivable | Accounts Receivable Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required. Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. |
Inventory | Inventory Inventory consists of well-maintained, class 8 heavy duty trucks primarily acquired at auction. Inventory is valued at the lower of cost (specific identification method) or net realizable value. An allowance for potential non-saleable inventory due to movement, current conditions or obsolescence is based upon a review of inventory quantities, past history and expected future usage. The Company believes that no |
Convertible Instruments | Convertible Instruments The Company evaluates and accounts for conversion options embedded in convertible instruments in accordance with ASC 815 “ Derivatives and Hedging Activities Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) by recording, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments In September 2006, the Financial Accounting Standards Board (“FASB”) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities. The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (“ASC’) 820 “ Fair Value Measurements and Disclosures” ● Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ● Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability; either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. ● Level 3—Inputs that are both significant to the fair value measurement and unobservable. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accounts receivable, accounts payable and accrued expenses, notes payable, notes payable to related parties, related parties payable and derivative liabilities. The Company has also applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company’s financial statements. |
Comprehensive Loss | Comprehensive Loss ASC Topic 220 (SFAS No. 130) establishes standards for reporting comprehensive income and its components. Comprehensive income is defined as the change in equity during a period from transactions and other events from non-owner sources. |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | |
Revenue and Cost Recognition | Revenue and Cost Recognition The Company recognizes revenue when it satisfies performance obligations by the transfer of control of products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company recognizes revenue from class 8 heavy duty truck sales to customers when it satisfies its performance obligation, at a point in time, when title to the truck is transferred to the customer and collection of cash is certain. Delivery or shipping charges billed to customers, if applicable, are included in product sales and the related shipping costs are included in cost of goods sold. The Company also recognizes revenue from the rental of class 8 heavy-duty trucks to customers. Revenue from these truck rental agreements is recognized based upon the passage of time over the term of the arrangement once control of the underlying asset has been transferred to the customer. The arrangements require weekly payments, and the customer may cancel the agreement at any time by notifying the Company in writing at least 30 days before such termination. Revenue is recognized and related accounts receivable is recorded when the Company has transferred a good or service to a customer and its right to receive consideration is unconditional through the completion of our performance obligation. The Company had accounts receivable totaling $ 7,896 and $ 2,903 as of November 30, 2021 and 2020, respectively. No allowance provided as of November 30, 2021 or 2020. |
Right of Use Assets and Lease Liabilities | Right of Use Assets and Lease Liabilities In February 2016, the FASB issued ASU No. 2016-02, “Leases” Under ASC 842, the Company determines if an arrangement is a lease at inception. Right-of-Use assets and liabilities are recognized at commencement date based on the present value of remaining lease payments over the lease term. For this purpose, the Company considers only payments that are fixed and determinable at the time of commencement. As most of the Company’s leases do not provide an implicit rate, the Company estimated the incremental borrowing rate in determining the present value of lease payments. The ROU asset also includes any lease payments made prior to commencement and is recorded net of any lease incentives received. The Company lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. Operating leases are included in operating lease right-of-use assets and operating lease liabilities on the Company’s condensed consolidated balance sheets. The adoption did not impact the Company’s beginning retained earnings, or prior year consolidated statements of income and statements of cash flows. |
Property and Equipment, Net | Property and Equipment, Net Property and equipment, net is reported at cost less accumulated depreciation, which is generally provided on the straight-line method over the estimated useful lives of the assets. Upon sale or retirement of an asset, the related costs and accumulated depreciation are removed from the accounts and any gain or loss is recognized. |
Long-Lived Assets | Long-Lived Assets The Company evaluates the recoverability of its long-lived assets whenever events or changes in circumstances have indicated that an asset may not be recoverable. The long-lived asset is grouped with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. If the sum of the projected undiscounted cash flows is less than the carrying value of the assets, the assets are written down to the estimated fair value. The Company evaluated the recoverability of its long-lived assets on November 30, 2021 and 2020, respectively, on its subsidiaries with material amounts on their respective balance sheets and determined that no impairment exists. |
Income Taxes | Income Taxes The Company, a C-corporation, accounts for income taxes under ASC Topic 740 (SFAS No. 109). Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company adopted the provisions of FASB ASC 740-10, “ Uncertainty in Income Taxes” |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is antidilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes On June 16, 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20, Debt—Debt with Conversion and Other Options Hedging—Contracts in Entity’s Own Equity The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its consolidated financial statements. |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF COMPONENTS OF PROPERTY AND EQUIPMENT | The following table sets forth the components of the Company’s property and equipment at November 30, 2021 and 2020: SCHEDULE OF COMPONENTS OF PROPERTY AND EQUIPMENT November 30, 2021 November 30, 2020 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Machinery and equipment 6,432 (3,881 ) 2,551 6,432 (1,738 ) 4,694 Vehicles 880,951 (182,496 ) 698,455 711,164 (56,873 ) 654,291 Total property and equipment $ 887,383 $ (186,377 ) $ 701,006 $ 717,596 $ (58,611 ) $ 658,985 |
LEASES (Tables)
LEASES (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Leases | |
SCHEDULE OF FUTURE MINIMUM LEASE OBLIGATION | The following table presents the Company’s future minimum lease obligation under ASC 842 as of November 30, 2021: SCHEDULE OF FUTURE MINIMUM LEASE OBLIGATION 2022 fiscal year $ 55,200 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF INCOME TAX EXPENSE (BENEFIT) | The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the years ended November 30, 2021 and 2020: SCHEDULE OF INCOME TAX EXPENSE (BENEFIT) November 30, 2021 November 30, 2020 Tax provision (recovery) at effective tax rate ( 21 $ 21,473 $ (160,403 ) Change in valuation reserve (21,473 ) 160,403 Tax provision (recovery), net $ – $ – |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | Components of deferred tax assets and (liabilities) are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES November 30, 2021 November 30, 2020 Net operating loss carry forwards available at effective tax rate ( 21 $ 2,601,000 $ 2,532,000 Valuation Allowances (2,601,000) (2,532,000 ) Deferred Tax Asset $ – $ – |
DERIVATIVE LIABILITIES (Tables)
DERIVATIVE LIABILITIES (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
SUMMARY OF FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS | Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed as of November 30, 2020: SUMMARY OF FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS Fair Value Measurement Using Carrying Value Level 1 Level 2 Level 3 Total Derivative liabilities on conversion feature 1,592,017 – – 1,592,017 1,592,017 Total derivative liabilities $ 1,592,017 $ – $ – $ 1,592,017 $ 1,592,017 Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed as of November 30, 2021: Fair Value Measurement Using Carrying Value Level 1 Level 2 Level 3 Total Derivative liabilities on conversion feature 875,487 – – 875,487 875,487 Total derivative liabilities $ 875,487 $ – $ – $ 875,487 $ 875,487 |
SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES | The table below provides a summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended November 30, 2021 and 2020: SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES Derivative Liabilities Fair value, November 30, 2019 $ 1,650,520 Additions 723,176 Relief from conversion of preferred stock (160,122 ) Change in fair value (621,557 ) Fair value, November 30, 2020 1,592,017 Additions 439,675 Relief from conversion of preferred stock (229,091 ) Change in fair value (927,114 ) Fair value, November 30, 2021 $ 875,487 |
ORGANIZATION AND BASIS OF PRE_2
ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative) | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
Entity incorporation, state or country code | NV |
Date of incorporation | May 2, 2002 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Accounting Policies [Abstract] | ||
Federal deposit insurance corporation - insured, amount | $ 250,000 | |
Write-down for slow moving or obsolete inventory | 0 | |
Accounts Receivable, after Allowance for Credit Loss | $ 7,896 | $ 2,903 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Dec. 15, 2016 | Nov. 30, 2021 | Nov. 30, 2020 | Nov. 30, 2016 |
Payless Truckers, Inc [Member] | ||||
Related Party Transaction [Line Items] | ||||
Debt face amount | $ 20,426 | |||
Proceeds from related party debt | 140,681 | |||
[custom:FinancingFees] | $ 40,345 | $ 47,000 | ||
Payless Truckers, Inc [Member] | Minimum [Member] | ||||
Related Party Transaction [Line Items] | ||||
Interest rate | 35.00% | |||
Payless Truckers, Inc [Member] | Maximum [Member] | ||||
Related Party Transaction [Line Items] | ||||
Interest rate | 40.00% | |||
Arthur Viola [Member] | ||||
Related Party Transaction [Line Items] | ||||
Monthly rent expense | $ 2,100 | |||
Related party transaction expenses | $ 10,200 | |||
Salary and Wage, Excluding Cost of Good and Service Sold | 175,000 | |||
Employee-related Liabilities | 716,033 | 541,034 | ||
Arthur Viola [Member] | Convertible Promissory Note Agreement [Member] | ||||
Related Party Transaction [Line Items] | ||||
Debt face amount | $ 685,000 | |||
Debt instrument, maturity date | Dec. 15, 2018 | |||
Interest rate | 10.00% | |||
Debt instrument, description | Mr. Viola has the option to convert any portion of the unpaid principal balance into the Company’s common stock at a discount to market of 50% at any time. No repayment or conversion of the note occurred as of November 30, 2021, and no notice of default has been issued | |||
Payless Truckers, Inc [Member] | Sales Commissions [Member] | ||||
Related Party Transaction [Line Items] | ||||
Sales Commissions and Fees | 65,870 | 120,500 | ||
Brother of Payless [Member] | Shop Work [Member] | ||||
Related Party Transaction [Line Items] | ||||
Sales Commissions and Fees | $ 69,904 | $ 30,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Net income (loss) | $ 102,251 | $ (763,824) |
Other Income | 215,721 | |
Working capital deficit | 3,563,536 | 4,239,488 |
Net income (loss) | (102,251) | 763,824 |
Outstanding indebtedness, net of discount | 1,825,067 | 1,789,234 |
Cash | $ 181,088 | $ 200,858 |
SCHEDULE OF COMPONENTS OF PROPE
SCHEDULE OF COMPONENTS OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Nov. 30, 2021 | Nov. 30, 2020 |
Property, Plant and Equipment [Line Items] | ||
Cost | $ 887,383 | $ 717,596 |
Accumulated Depreciation | (186,377) | (58,611) |
Net Book Value | 701,006 | 658,985 |
Machinery and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Cost | 6,432 | 6,432 |
Accumulated Depreciation | (3,881) | (1,738) |
Net Book Value | 2,551 | 4,694 |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Cost | 880,951 | 711,164 |
Accumulated Depreciation | (182,496) | (56,873) |
Net Book Value | $ 698,455 | $ 654,291 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Depreciation, Depletion and Amortization | $ 157,630 | $ 56,790 |
Proceeds from Sale of Property, Plant, and Equipment | 244,726 | 83,751 |
Trucks [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Proceeds from Sale of Property, Plant, and Equipment | 244,726 | 83,751 |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ 74,121 | $ 9,070 |
SCHEDULE OF FUTURE MINIMUM LEAS
SCHEDULE OF FUTURE MINIMUM LEASE OBLIGATION (Details) | Nov. 30, 2021USD ($) |
Leases | |
2022 fiscal year | $ 55,200 |
LEASES (Details Narrative)
LEASES (Details Narrative) | 12 Months Ended |
Nov. 30, 2021USD ($) | |
Leases | |
Total lease costs | $ 57,860 |
SCHEDULE OF INCOME TAX EXPENSE
SCHEDULE OF INCOME TAX EXPENSE (BENEFIT) (Details) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Tax provision (recovery) at effective tax rate (21%) | $ 21,473 | $ (160,403) |
Change in valuation reserve | (21,473) | 160,403 |
Tax provision (recovery), net |
SCHEDULE OF INCOME TAX EXPENS_2
SCHEDULE OF INCOME TAX EXPENSE (BENEFIT) (Details) (Parenthetical) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Effective tax rate | 21.00% | 21.00% |
SCHEDULE OF DEFERRED TAX ASSETS
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) | Nov. 30, 2021 | Nov. 30, 2020 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry forwards available at effective tax rate (21%) | $ 2,601,000 | $ 2,532,000 |
Valuation Allowances | (2,601,000) | (2,532,000) |
Deferred Tax Asset |
SCHEDULE OF DEFERRED TAX ASSE_2
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) (Parenthetical) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Effective tax rate | 21.00% | 21.00% |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry forward | $ 12,400,000 | |
Federal income tax expiration, description | expire at various times through 2039 | |
Effective income tax rate, percentage | 21.00% | 21.00% |
Valuation allowances of deferred tax assets | $ 2,601,000 | $ 2,532,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | Nov. 08, 2021 | Jun. 21, 2021 | May 28, 2021 | Dec. 21, 2020 | Dec. 16, 2020 | Oct. 26, 2020 | Sep. 10, 2020 | Jan. 31, 2020 | Jul. 22, 2019 | Feb. 14, 2019 | Oct. 15, 2018 | Nov. 23, 2016 | Dec. 30, 2015 | Aug. 31, 2015 | Nov. 30, 2021 | Nov. 30, 2020 | Jan. 21, 2016 |
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable, net of loan discounts | $ 801,986 | $ 835,734 | |||||||||||||||
Floor Plan Financing [Member] | Secured Promissory Notes [Member] | Individual Lenders [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest rate | 30.00% | ||||||||||||||||
Debt instrument term | 48 months | ||||||||||||||||
Floor Plan Financing [Member] | Secured Promissory Notes [Member] | Lenders [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable | $ 471,647 | 319,000 | |||||||||||||||
Monthly payments of note payable | 20,876 | ||||||||||||||||
Notes payable, net of loan discounts | 133,567 | 50,385 | |||||||||||||||
Commercial Loans [Member] | Lenders [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable | 273,316 | 343,812 | |||||||||||||||
Notes payable, net of loan discounts | $ 157,881 | 303,582 | |||||||||||||||
Minimum [Member] | Commercial Loans [Member] | Individual Lenders [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest rate | 18.00% | ||||||||||||||||
Maximum [Member] | Commercial Loans [Member] | Individual Lenders [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Interest rate | 24.00% | ||||||||||||||||
Convertible Note Agreement [Member] | LG Capital [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt instrument principal value | $ 75,000 | ||||||||||||||||
Interest rate | 8.00% | ||||||||||||||||
Debt Instrument, Maturity Date | Feb. 28, 2016 | ||||||||||||||||
Notes payable | $ 55,224 | 55,224 | |||||||||||||||
Convertible Note Agreement [Member] | LG Capital [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0.03 | ||||||||||||||||
Convertible Note Agreement [Member] | LG Capital [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0.08 | ||||||||||||||||
Convertible Note Agreement [Member] | LG Capital [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0 | ||||||||||||||||
Convertible Note Agreement [Member] | LG Capital [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 195 | ||||||||||||||||
Convertible Note Agreement [Member] | LG Capital [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 236 | ||||||||||||||||
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt instrument principal value | $ 61,000 | $ 130,000 | |||||||||||||||
Interest rate | 12.00% | 10.00% | |||||||||||||||
Debt Instrument, Maturity Date | Aug. 23, 2017 | Sep. 30, 2016 | |||||||||||||||
Notes payable | 98,459 | 98,459 | |||||||||||||||
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0.03 | 0.03 | |||||||||||||||
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0.16 | 0.16 | |||||||||||||||
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0 | 0 | |||||||||||||||
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 208 | 208 | |||||||||||||||
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 269 | 269 | |||||||||||||||
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt instrument principal value | $ 8,000 | ||||||||||||||||
Interest rate | 5.00% | ||||||||||||||||
Notes payable | 4,000 | 4,000 | |||||||||||||||
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0.03 | ||||||||||||||||
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0.16 | ||||||||||||||||
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0 | ||||||||||||||||
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 208 | ||||||||||||||||
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 269 | ||||||||||||||||
Convertible Note Agreement [Member] | Auctus Fund LLC [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt instrument principal value | $ 75,250 | $ 57,750 | $ 350,000 | ||||||||||||||
Interest rate | 12.00% | 12.00% | 12.00% | ||||||||||||||
Debt Instrument, Maturity Date | Apr. 22, 2020 | Nov. 14, 2019 | Jul. 15, 2019 | ||||||||||||||
Notes payable | 244,170 | 350,000 | |||||||||||||||
Convertible Note Agreement [Member] | Auctus Fund LLC [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 1.76 | 1.76 | 2.67 | ||||||||||||||
Convertible Note Agreement [Member] | Auctus Fund LLC [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 1.95 | 2.54 | 2.70 | ||||||||||||||
Convertible Note Agreement [Member] | Auctus Fund LLC [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 0 | 0 | 0 | ||||||||||||||
Convertible Note Agreement [Member] | Auctus Fund LLC [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 1,313 | 139 | 390 | ||||||||||||||
Convertible Note Agreement [Member] | Auctus Fund LLC [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt Instrument, Measurement Input | 1,467 | 1,467 | 423 | ||||||||||||||
Convertible Note Agreement [Member] | GC Capital Partners, LLC [Member] | Promissory Notes [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt instrument principal value | $ 52,500 | ||||||||||||||||
Debt Instrument, Maturity Date | Aug. 26, 2020 | ||||||||||||||||
Monthly payments of note payable | $ 10,000 | ||||||||||||||||
Loan discounts | $ 2,500 | ||||||||||||||||
Convertible Note Agreement One [Member] | Auctus Private Equity Fund LLC [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable | 78,700 | 78,700 | |||||||||||||||
Convertible Note Agreement One [Member] | Auctus Fund LLC [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable | 57,750 | 57,750 | |||||||||||||||
Convertible Note Agreement Two [Member] | Auctus Fund LLC [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable | 75,250 | $ 75,250 | |||||||||||||||
Convertible Note Agreement Two [Member] | GC Capital Partners, LLC [Member] | Promissory Notes [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Notes payable | 0 | ||||||||||||||||
Sale and Purchase Agreements [Member] | Commercial Loans [Member] | Sutton Funding [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Debt instrument principal value | $ 133,567 | ||||||||||||||||
Monthly payments of note payable | $ 1,591 | $ 676 | $ 1,272 | $ 538 | |||||||||||||
Sale of future receivable | 210,000 | 70,000 | 140,000 | 67,200 | |||||||||||||
Purchase price | $ 150,000 | $ 50,000 | $ 100,000 | $ 48,000 | |||||||||||||
Cash Advance Agreement [Member] | Commercial Loans [Member] | Biz Buzz Capital [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Monthly payments of note payable | $ 3,180 | ||||||||||||||||
Sale of future receivable | 57,200 | ||||||||||||||||
Purchase price | $ 40,000 | ||||||||||||||||
Cash Advance Agreement [Member] | Commercial Loans [Member] | Consistent Funding [Member] | |||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||
Monthly payments of note payable | $ 656 | $ 1,076 | |||||||||||||||
Sale of future receivable | 145,000 | 142,000 | |||||||||||||||
Purchase price | $ 100,000 | $ 100,000 |
SUMMARY OF FAIR VALUE OF FINANC
SUMMARY OF FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) | Nov. 30, 2021 | Nov. 30, 2020 |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | $ 875,487 | $ 1,592,017 |
Fair Value, Inputs, Level 1, 2 and 3 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | 875,487 | 1,592,017 |
Fair Value, Inputs, Level 1 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | 875,487 | 1,592,017 |
Derivative Liabilities on Conversion Feature [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | 875,487 | 1,592,017 |
Derivative Liabilities on Conversion Feature [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | 875,487 | 1,592,017 |
Derivative Liabilities on Conversion Feature [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | ||
Derivative Liabilities on Conversion Feature [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | ||
Derivative Liabilities on Conversion Feature [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Total derivative liabilities | $ 875,487 | $ 1,592,017 |
SUMMARY OF CHANGES IN FAIR VALU
SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES (Details) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Fair value, beginning balance | $ 1,592,017 | $ 1,650,520 |
Additions | 439,675 | 723,176 |
Relief from conversion of preferred stock | (229,091) | (160,122) |
Change in fair value | (927,114) | (621,557) |
Fair value, ending balance | $ 875,487 | $ 1,592,017 |
DERIVATIVE LIABILITIES (Details
DERIVATIVE LIABILITIES (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Fair value of derivative liability | $ 875,487 | $ 1,592,017 |
Derivative liabilities | 439,675 | 723,176 |
Gain (loss) on change in derivative liabilities | $ 927,114 | $ 621,557 |
STOCKHOLDERS_ EQUITY (Details N
STOCKHOLDERS’ EQUITY (Details Narrative) | Nov. 29, 2021USD ($)shares | Nov. 15, 2021USD ($)shares | Oct. 25, 2021USD ($)shares | Sep. 28, 2021USD ($)shares | Sep. 09, 2021USD ($)shares | Sep. 03, 2021USD ($)shares | Sep. 02, 2021USD ($)shares | Sep. 02, 2021USD ($)shares | Aug. 25, 2021USD ($)shares | Aug. 09, 2021USD ($)shares | Jul. 26, 2021USD ($)shares | Jul. 20, 2021USD ($)shares | Jul. 19, 2021USD ($)shares | Jul. 14, 2021USD ($)shares | Jul. 08, 2021USD ($)shares | Jun. 28, 2021USD ($)shares | Jun. 24, 2021USD ($)shares | Jun. 15, 2021shares | Jun. 08, 2021USD ($)shares | May 27, 2021USD ($)shares | May 26, 2021USD ($)shares | May 25, 2021USD ($)shares | May 24, 2021USD ($)shares | May 20, 2021USD ($)shares | May 12, 2021USD ($)shares | May 04, 2021USD ($)shares | Apr. 19, 2021USD ($)shares | Apr. 08, 2021USD ($)shares | Mar. 16, 2021USD ($)shares | Mar. 02, 2021USD ($)shares | Feb. 23, 2021shares | Jan. 13, 2021USD ($)shares | Jan. 13, 2021USD ($)shares | Jan. 11, 2021USD ($)shares | Jan. 08, 2021USD ($)shares | Dec. 31, 2020USD ($)shares | Dec. 09, 2020USD ($)shares | Dec. 02, 2020USD ($)shares | Nov. 30, 2020USD ($)$ / sharesshares | Nov. 25, 2020USD ($)shares | Nov. 24, 2020USD ($)shares | Nov. 23, 2020USD ($)shares | Nov. 23, 2020USD ($)shares | Nov. 20, 2020USD ($)shares | Nov. 19, 2020USD ($)shares | Nov. 18, 2020USD ($)shares | Nov. 16, 2020USD ($)shares | Nov. 11, 2020USD ($)shares | Nov. 06, 2020USD ($)shares | Nov. 05, 2020USD ($)shares | Nov. 04, 2020USD ($)shares | Nov. 04, 2020USD ($)shares | Nov. 02, 2020USD ($)shares | Oct. 23, 2020USD ($)shares | Oct. 14, 2020USD ($)shares | Sep. 22, 2020USD ($)shares | Sep. 02, 2020USD ($)shares | Jul. 06, 2020USD ($)shares | Jun. 10, 2020USD ($)shares | May 22, 2020USD ($)shares | Mar. 19, 2020USD ($)shares | Feb. 24, 2020Trading$ / sharesshares | Feb. 12, 2020shares | Feb. 03, 2020shares | Nov. 30, 2021USD ($)$ / sharesshares | Nov. 30, 2020USD ($)$ / sharesshares |
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 50,100,000 | 50,100,000 | 50,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | $ | $ 723,176 | $ 439,675 | $ 723,176 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares redeemed, value | $ | (22,524) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend | $ | 68,296 | $ 434,176 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized gain loss on derivatives | $ | 173,811 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretion of discounts | $ | 317,112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividends | $ | 22,269 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unamortized discount | $ | $ 148,222 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 6,000,000,000 | 6,000,000,000 | 6,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares outstanding | 241,774,989 | 779,298,529 | 241,774,989 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares issued | 241,774,989 | 779,298,529 | 241,774,989 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued during priod shares issued for services, shares | 3,827,162 | 5,000,000 | 5,763,581 | 115,000,000 | 750,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued for conversion of debt, shares | 35,639,300 | 33,945,400 | 32,332,000 | 18,320,200 | 28,635,500 | 27,274,500 | 24,824,700 | 18,794,702 | 22,751,590 | 21,488,300 | 19,147,500 | 18,237,500 | 17,370,578 | 16,545,100 | 15,758,699 | 15,009,797 | 12,434,783 | 9,673,299 | 2,375,494 | 1,909,793 | 1,819,195 | 1,501,398 | 1,430,000 | 1,362,000 | ||||||||||||||||||||||||||||||||||||||||||
Shares issued for conversion of debt | $ | $ 22,809 | $ 38,019 | $ 32,332 | $ 18,320 | $ 28,636 | $ 30,547 | $ 27,804 | $ 15,788 | $ 17,746 | $ 16,761 | $ 18,956 | $ 20,791 | $ 20,324 | $ 19,854 | $ 19,383 | $ 18,462 | $ 8,580 | $ 8,416 | $ 2,067 | $ 1,662 | $ 1,583 | $ 3,243 | $ 1,330 | $ 1,838 | $ 246,556 | $ 173,204 | ||||||||||||||||||||||||||||||||||||||||
Series A Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares outstanding | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares issued | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series A Preferred Stock [Member] | Arthur Viola [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock voting rights | owns 100,000 shares of super voting preferred stock entitling him to vote sixty-six and two-thirds percent (66.67%) of the common stock shares in any common stock vote | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series B Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares outstanding | 125,600 | 240,000 | 125,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock, shares issued | 125,600 | 240,000 | 125,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable convertible preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable convertible preferred stock, stated value | $ / shares | $ 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable convertible preferred stock, par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable convertible preferred stock, annual cumulative dividend percentage | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt closing price percentage | 35.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt trading days | Trading | 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series B Preferred Stock [Member] | Geneva Roth Remark Holdings, Inc. [Member] | Series B Preferred Stock Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | $ | $ 40,365 | $ 41,002 | $ 41,002 | $ 72,325 | $ 43,990 | $ 46,771 | $ 55,774 | $ 50,753 | $ 50,753 | $ 88,694 | $ 77,399 | $ 92,317 | $ 408,566 | $ 144,894 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued for conversion of debt, shares | 29,444,444 | 11,535,294 | 15,588,235 | 7,531,579 | 16,736,842 | 10,095,238 | 10,095,238 | 7,571,429 | 10,095,238 | 11,081,818 | 7,227,273 | 7,420,000 | 10,990,526 | 9,590,476 | 8,833,333 | 8,833,333 | 8,429,524 | 7,470,476 | 8,328,571 | 2,372,381 | 2,271,429 | 1,867,619 | 1,867,619 | 1,867,619 | 1,817,143 | 1,702,424 | 1,606,061 | 1,558,824 | ||||||||||||||||||||||||||||||||||||||
Shares issued for conversion of debt | $ | $ 21,200 | $ 19,610 | $ 26,500 | $ 14,310 | $ 31,800 | $ 21,200 | $ 21,200 | $ 15,900 | $ 21,200 | $ 24,380 | $ 15,900 | $ 13,356 | $ 20,882 | $ 20,140 | $ 18,550 | $ 18,550 | $ 17,702 | $ 15,688 | $ 17,490 | $ 4,982 | $ 4,770 | $ 3,922 | $ 3,922 | $ 3,922 | $ 3,816 | $ 5,618 | $ 5,300 | $ 7,950 | ||||||||||||||||||||||||||||||||||||||
Series B Convertible Preferred Stock [Member] | Geneva Roth Remark Holdings, Inc. [Member] | Series B Preferred Stock Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable convertible preferred stock, annual cumulative dividend percentage | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares sold | 43,750 | 48,750 | 58,750 | 53,750 | 55,000 | 43,500 | 43,500 | 53,500 | 55,000 | 58,000 | 103,000 | 73,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares sold value | $ | $ 40,000 | $ 45,000 | $ 55,000 | $ 50,000 | $ 51,250 | $ 40,000 | $ 40,000 | $ 50,000 | $ 49,800 | $ 55,000 | $ 100,000 | $ 70,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities | $ | $ 159,877 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares redeemed, shares | 53,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares redeemed, value | $ | $ 79,234 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend | $ | $ 22,524 |
SEGMENT INFORMATION (Details Na
SEGMENT INFORMATION (Details Narrative) | 12 Months Ended |
Nov. 30, 2021Segment | |
Segment Reporting [Abstract] | |
Number of business segment | 1 |
REVENUE RECOGNITION (Details Na
REVENUE RECOGNITION (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||
Sales revenue | $ 4,384,297 | $ 3,769,161 |
Revenue termination description | The arrangements require weekly payments, and the customer may cancel the agreement at any time by notifying the Company in writing at least 30 days before such termination | |
Refurbished Trucks [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Sales revenue | $ 3,540,173 | 3,324,479 |
Rental Trucks [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Sales revenue | 803,537 | 417,937 |
Repair [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Sales revenue | $ 40,587 | $ 26,745 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($) | Jan. 24, 2022 | Dec. 09, 2021 |
Cash Advance Agreement [Member] | Consistent Funding [Member] | ||
Subsequent Event [Line Items] | ||
Proceeds from Sale of Other Receivables | $ 116,000 | |
Payments for Previous Acquisition | 80,000 | |
Debt Instrument, Periodic Payment | $ 967 | |
Sales and Purchase Agreement [Member] | Gen Funding LLC [Member] | ||
Subsequent Event [Line Items] | ||
Proceeds from Sale of Other Receivables | $ 101,100 | |
Payments for Previous Acquisition | 70,000 | |
Debt Instrument, Periodic Payment | $ 596 |