Cover
Cover - shares | 9 Months Ended | |
Aug. 31, 2020 | Oct. 13, 2020 | |
Cover [Abstract] | ||
Entity Registrant Name | Assisted 4 Living, Inc. | |
Entity Central Index Key | 0001719435 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --11-30 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | true | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Aug. 31, 2020 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2020 | |
Entity Ex Transition Period | false | |
Entity Common Stock Shares Outstanding | 14,150,000 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-226979 | |
Entity Incorporation State Country Code | NV | |
Entity Address Address Line 1 | 2382 Bartek Pl | |
Entity Address City Or Town | North Port | |
Entity Address State Or Province | FL | |
Entity Address Postal Zip Code | 34289 | |
City Area Code | 888 | |
Local Phone Number | 609-1169 | |
Entity Interactive Data Current | Yes | |
Entity Tax Identification Number | 82-1884480 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 |
Current Assets | ||
Cash | $ 23,753 | $ 8,164 |
Accounts receivable | 200 | 0 |
Prepaid expense and other current assets | 2,500 | 1,690 |
Total Current Assets | 26,453 | 9,854 |
Right of use asset | 29,277 | 0 |
TOTAL ASSETS | 55,730 | 9,854 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 54,864 | 42,581 |
Line of credit | 7,395 | 0 |
Loan payable | 20,590 | 0 |
Deferred revenue and customer deposits | 0 | 6,700 |
Lease liability | 27,277 | 0 |
Due to related parties | 6,006 | 5,556 |
Total Current Liabilities | 116,132 | 54,837 |
Total Liabilities | 116,132 | 54,837 |
Stockholders' Deficit | ||
Preferred stock: 25,000,000 shares authorized; $0.0001 par value no shares issued and outstanding | 0 | 0 |
Common stock: 100,000,000 shares authorized; $0.0001 par value 14,150,000 shares issued and outstanding | 1,415 | 1,415 |
Additional paid in capital | 71,085 | 71,085 |
Accumulated deficit | (132,902) | (117,483) |
Total Stockholders' Deficit | (60,402) | (44,983) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 55,730 | $ 9,854 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Aug. 31, 2020 | Nov. 30, 2019 |
Consolidated Balance Sheets | ||
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares issued | 14,150,000 | 14,150,000 |
Common stock, shares outstanding | 14,150,000 | 14,150,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Aug. 31, 2020 | Aug. 31, 2019 | Aug. 31, 2020 | Aug. 31, 2019 | |
Consolidated Statements of Operations (Unaudited) | ||||
Revenue | $ 223,153 | $ 139,092 | $ 660,553 | $ 241,168 |
Cost of service | 121,309 | 76,594 | 354,851 | 139,039 |
Gross profit | 101,844 | 62,498 | 305,702 | 102,129 |
Operating Expenses: | ||||
General and administrative | 78,781 | 71,621 | 273,408 | 135,262 |
Professional fees | 17,458 | 4,483 | 46,589 | 35,985 |
Total operating expenses | 96,239 | 76,104 | 319,997 | 171,247 |
Operating Income (Loss) | 5,605 | (13,606) | (14,295) | (69,118) |
Other income (expense) | ||||
Interest expense | (421) | (895) | (1,940) | (1,144) |
Other income | 0 | 0 | 816 | 0 |
Total other expense | (421) | (895) | (1,124) | (1,144) |
Net Income (Loss) before income taxes | 5,184 | (14,501) | (15,419) | (70,262) |
Provision for income tax | 0 | 0 | 0 | 0 |
Net Income (Loss) | $ 5,184 | $ (14,501) | $ (15,419) | $ (70,262) |
Basic and Diluted Loss per Common Share | $ 0 | $ 0 | $ 0 | $ (0.01) |
Basic and Diluted Weighted Average Common Shares Outstanding | 14,150,000 | 14,150,000 | 14,150,000 | 13,948,540 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) | Total | Common Stock | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) |
Balance, shares at Nov. 30, 2018 | 13,050,000 | |||
Balance, amount at Nov. 30, 2018 | $ 18,138 | $ 1,305 | $ 49,195 | $ (32,362) |
Issuance of common shares at $0.02 per share, shares | 1,100,000 | |||
Issuance of common shares at $0.02 per share, amount | 22,000 | $ 110 | 21,890 | 0 |
Net loss for the period | (9,467) | $ 0 | 0 | (9,467) |
Balance, shares at Feb. 28, 2019 | 14,150,000 | |||
Balance, amount at Feb. 28, 2019 | 30,671 | $ 1,415 | 71,085 | (41,829) |
Balance, shares at Nov. 30, 2018 | 13,050,000 | |||
Balance, amount at Nov. 30, 2018 | 18,138 | $ 1,305 | 49,195 | (32,362) |
Net loss for the period | (70,262) | |||
Balance, shares at Aug. 31, 2019 | 14,150,000 | |||
Balance, amount at Aug. 31, 2019 | (30,124) | $ 1,415 | 71,085 | (102,624) |
Balance, shares at Feb. 28, 2019 | 14,150,000 | |||
Balance, amount at Feb. 28, 2019 | 30,671 | $ 1,415 | 71,085 | (41,829) |
Net loss for the period | (46,294) | $ 0 | 0 | (46,294) |
Balance, shares at May. 31, 2019 | 14,150,000 | |||
Balance, amount at May. 31, 2019 | (15,623) | $ 1,415 | 71,085 | (88,123) |
Net loss for the period | (14,501) | $ 0 | 0 | (14,501) |
Balance, shares at Aug. 31, 2019 | 14,150,000 | |||
Balance, amount at Aug. 31, 2019 | (30,124) | $ 1,415 | 71,085 | (102,624) |
Balance, shares at Nov. 30, 2019 | 14,150,000 | |||
Balance, amount at Nov. 30, 2019 | (44,983) | $ 1,415 | 71,085 | (117,483) |
Net loss for the period | (5,131) | $ 0 | 0 | (5,131) |
Balance, shares at Feb. 29, 2020 | 14,150,000 | |||
Balance, amount at Feb. 29, 2020 | (50,114) | $ 1,415 | 71,085 | (122,614) |
Balance, shares at Nov. 30, 2019 | 14,150,000 | |||
Balance, amount at Nov. 30, 2019 | (44,983) | $ 1,415 | 71,085 | (117,483) |
Net loss for the period | (15,419) | |||
Balance, shares at Aug. 31, 2020 | 14,150,000 | |||
Balance, amount at Aug. 31, 2020 | (60,402) | $ 1,415 | 71,085 | (132,902) |
Balance, shares at Feb. 29, 2020 | 14,150,000 | |||
Balance, amount at Feb. 29, 2020 | (50,114) | $ 1,415 | 71,085 | (122,614) |
Net loss for the period | (15,472) | $ 0 | 0 | (15,472) |
Balance, shares at May. 31, 2020 | 14,150,000 | |||
Balance, amount at May. 31, 2020 | (65,586) | $ 1,415 | 71,085 | (138,086) |
Net loss for the period | 5,184 | $ 0 | 0 | 5,184 |
Balance, shares at Aug. 31, 2020 | 14,150,000 | |||
Balance, amount at Aug. 31, 2020 | $ (60,402) | $ 1,415 | $ 71,085 | $ (132,902) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Aug. 31, 2020 | Aug. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (15,419) | $ (70,262) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Expenses paid by related party | 450 | 5,556 |
Changes in current assets and liabilities: | ||
Accounts receivable | (200) | 0 |
Prepaid expenses and other current assets | (810) | 0 |
Prepayment of right of use asset | (2,000) | 0 |
Accounts payable and accrued liabilities | 12,283 | 31,531 |
Deferred revenue and customer deposits | (6,700) | 1,500 |
Net cash used in operating activities | (12,396) | (31,675) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from issuance of common stock | 0 | 22,000 |
Proceeds from loan payable | 20,590 | |
Line of credit, net | 7,395 | 0 |
Net cash provided by financing activities | 27,985 | 22,000 |
Net change in cash for the period | 15,589 | (9,675) |
Cash at beginning of period | 8,164 | 21,019 |
Cash at end of period | 23,753 | 11,344 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Cash paid for income taxes | 0 | 0 |
Cash paid for interest | 0 | |
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
Initial recognition of right of use asset and lease liability | $ 42,253 | $ 0 |
ORGANIZATION, DESCRIPTION OF BU
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | 9 Months Ended |
Aug. 31, 2020 | |
ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | |
Note 1 - ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN | NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN Assisted 4 Living, Inc., (“Assisted 4 Living,” “A4L,” “the Company,” “we” or “us”) was incorporated in the state of Nevada on May 24, 2017 and is based in North Port, Florida. The Company incorporated a wholly-owned subsidiary, Assisted 2 Live, Inc. (“A2L”) in the state of Florida on June 15, 2017. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”), and the Company’s fiscal year end is November 30. The Company operates as an assisted living consulting company that specializes in acquiring, licensing, staffing, and operating Assisted Living Facilities (“ALF”). The Company offers clients that wish to enter the ALF field an opportunity to purchase and run its own center(s), and will also act as a referral agent for finding and placing clients that are in search of quality residential care. The Company will also offer a la carte consulting services such as submitting license applications, developing emergency plans, as well as other regulatory and compliance needs. The Company has operated its ALF operation since March 1, 2019. Going Concern The accompanying unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of August 31, 2020, the Company has an accumulated deficit. The ability of the Company to obtain profitability is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail or cease its operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. COVID-19 In March 2020, the World Health Organization declared the outbreak of COVID-19 as a pandemic based on the rapid increase in global exposure. COVID-19 continues to spread throughout the world. The Company is closely monitoring developments and is taking steps to mitigate the potential risks related to the COVID-19 pandemic to the Company, its employees, as well as its residential and consulting clients. While COVID-19 has not, to date, negatively impacted the Company’s revenues, the virus outbreak has materially impacted the operations of the Company’s ALF operated by its subsidiary A2L and may in the future impact A4L’s ALF and consulting businesses and revenues generated therefrom. The Company’s ALF, operated by its subsidiary A2L, has, in response to COVID-19 and governmental guidance in response thereto, implemented safety precautions, and operational requirements, to protect the facility’s employees, residents and third-party products and service providers. Included among these precautions and requirements are the increased use of personal protective equipment, cleaning and sanitizing of the facility, and a restriction on visitors to the facility. It is too early to know whether or not COVID-19 will materially affect the revenues generated by the Company from its ALF business. Increased safety and operational guidance and/or regulations may have a material impact on the operating costs related to the Company’s ALF. Such increased operating costs may or may not be offset by increased charges related thereto. Furthermore, the contraction of COVID-19 by any employees or residents of the Company’s ALF, and any resulting negative health consequences arising therefrom, may have a materially negative affect on the Company’s ability to continue generating revenues from its ALF and could, in extreme cases result in the Company closing down its ALF due to safety and/or liability concerns. The Company’s evaluations of its practices, procedures and operations, related to COVID-19, is ongoing and additional updates to policies, procedures and operations will occur as best practices are adopted and the Company deems necessary or advisable, or as further governmental guidance or regulations are implemented. It is also too early to tell how COVID-19 will impact the Company’s consulting business. The ongoing presence of COVID-19 and/or governmental regulatory response thereto may discourage potential clients from entering the ALF market, which would likely have a materially negative impact on the Company’s consulting business. However, the continued presence of COVID-19 and/or governmental regulatory response thereto may increase demand for the Company’s expertise and consulting services to assist ALF businesses in complying with regulatory requirements and best practices. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Aug. 31, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of August 31, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the nine months ended August 31, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended November 30, 2019 filed with the SEC on February 28, 2020. Basis of Consolidation These consolidated financial statements include the accounts of the Company and the wholly-owned subsidiary, Assisted 2 Live, Inc. All material intercompany balances and transactions have been eliminated. Use of Estimates and Assumptions The preparation of financial statements in conformity with 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Revenue Recognition The Company follows ASC 606, “Revenue from Contracts with Customers.” Resident fees at our independent senior living and assisted living community consists of regular monthly charges for basic housing and support services and fees for additional requested services, such as assisted living services, personalized health services and ancillary services. Fees are specified in our agreements with residents, which are generally 30-day terms, with regular monthly charges billed in advance on the first day of each month. Leases In February 2016, the FASB established Topic 842, “Leases,” The new standard was effective for the Company on December 1, 2019, with early adoption permitted. The Company could chose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on December 1, 2019 and will use the effective date as our date of initial application. Consequently, financial information is not provided for the dates and periods before December 1, 2019. The new standard provides a number of optional expedients in transition. The Company elected the package of practical expedients which permits the Company not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The Company expenses leases that have a term of 12 months of less. Recent Accounting Pronouncements The Company has reviewed all other recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements. |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 9 Months Ended |
Aug. 31, 2020 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | |
Note 3 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | NOTE 3 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities at August 31, 2020 and November 30, 2019 consist of the following: August 31, November 30, 2020 2019 Trade accounts $ 19,923 $ 9,282 Credit card 16,829 18,240 Accrued salary 17,777 14,724 Sales tax payable 335 335 $ 54,864 $ 42,581 |
LOAN PAYABLE
LOAN PAYABLE | 9 Months Ended |
Aug. 31, 2020 | |
LOAN PAYABLE | |
Note 4 - LOAN PAYABLE | NOTE 4 – LOAN PAYABLE On May 4, 2020, the Company received a $20,590 loan pursuant to the Paycheck Protection Program established under the Cares Act (the “PPP Loan”). The PPP Loan has a two-year term and bears interest at a rate of 1.0% per annum. Monthly principal and interest payments are deferred for six months after the date of disbursement. The PPP Loan may be prepaid at any time prior to maturity with no prepayment penalties. The PPP Loan contains events of default and other provisions customary for a loan of this type. The PPP Loan may be forgiven if used under program parameters for payroll, mortgage interest and rent expenses. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Aug. 31, 2020 | |
RELATED PARTY TRANSACTIONS | |
Note 5 - RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS During the nine months ended August 31, 2020 and 2019, the Company incurred consulting fees from a company controlled by our CEO, in the total amount of $20,000 and $900, respectively. During the nine months ended August 31, 2020 and 2019, the Company paid salaries to our two officers, one of which is our controlling shareholder, $0 and $18,920, respectively. During the nine months ended August 31, 2020 and 2019, our CEO paid a total amount of $450 for legal fees and $5,556 for property and liability insurance deposits, on behalf of the Company, respectively. The Company does not have employment contracts with its officers. |
LEASE
LEASE | 9 Months Ended |
Aug. 31, 2020 | |
LEASE | |
Note 6 - LEASE | NOTE 6 – LEASE On March 7, 2019, the Company entered into a commercial real estate lease agreement for its adult living facility. The initial terms were $3,713 monthly for the period of March 7, 2019 until January 7, 2020. On January 8, 2020, the Company renewed its adult living facility lease agreement through May 1, 2020, on which date the Company entered into a new commercial real estate lease agreement. The revised terms are $3,265 monthly payments from May 1, 2020 until May 31, 2021. As a result, the Company recognized a right of use asset (“ROU Asset”) and lease liability of $42,253. In accordance with ASC 842, the Company recorded an operating lease ROU Asset and lease liability as follows: August 31, November 30, 2020 2019 ROU asset $ 29,277 $ - August 31, November 30, Operating lease liability 2020 2019 Current $ 27,277 $ - Non-Current - - $ 27,277 $ - Future minimum lease payments under operating leases at August 31, 2020 were as follows: Remainder of 2020 $ 9,795 2021 17,590 Thereafter - Total 27,385 Less: Imputed interest (108 ) Operating lease liability $ 27,277 |
Subsequent Events
Subsequent Events | 9 Months Ended |
Aug. 31, 2020 | |
Subsequent Events | |
Note 7 - Subsequent Events | NOTE 7 – Subsequent Events Subsequent to August 31, 2020, and through the date these financial statements were issued, the Company had no subsequent events to report. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Aug. 31, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation | The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of August 31, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the nine months ended August 31, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended November 30, 2019 filed with the SEC on February 28, 2020. |
Basis of Consolidation | These consolidated financial statements include the accounts of the Company and the wholly-owned subsidiary, Assisted 2 Live, Inc. All material intercompany balances and transactions have been eliminated. |
Use of Estimates and Assumptions | The preparation of financial statements in conformity with 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. |
Revenue Recognition | The Company follows ASC 606, “Revenue from Contracts with Customers.” Resident fees at our independent senior living and assisted living community consists of regular monthly charges for basic housing and support services and fees for additional requested services, such as assisted living services, personalized health services and ancillary services. Fees are specified in our agreements with residents, which are generally 30-day terms, with regular monthly charges billed in advance on the first day of each month. |
Leases | In February 2016, the FASB established Topic 842, “Leases,” The new standard was effective for the Company on December 1, 2019, with early adoption permitted. The Company could chose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on December 1, 2019 and will use the effective date as our date of initial application. Consequently, financial information is not provided for the dates and periods before December 1, 2019. The new standard provides a number of optional expedients in transition. The Company elected the package of practical expedients which permits the Company not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The Company expenses leases that have a term of 12 months of less. |
Recent Accounting Pronouncements | The Company has reviewed all other recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements. |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 9 Months Ended |
Aug. 31, 2020 | |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | |
Schedule of accounts payable and accrued liabilities | August 31, November 30, 2020 2019 Trade accounts $ 19,923 $ 9,282 Credit card 16,829 18,240 Accrued salary 17,777 14,724 Sales tax payable 335 335 $ 54,864 $ 42,581 |
LEASE (Tables)
LEASE (Tables) | 9 Months Ended |
Aug. 31, 2020 | |
LEASE | |
Summary of operation lease assets and liabilities | August 31, November 30, 2020 2019 ROU asset $ 29,277 $ - August 31, November 30, Operating lease liability 2020 2019 Current $ 27,277 $ - Non-Current - - $ 27,277 $ - |
Summary of remaining operating lease obligations | Remaining lease term 0.75 year Discount rate 1.00 % |
Summary of future minimum lease payments | Remainder of 2020 $ 9,795 2021 17,590 Thereafter - Total 27,385 Less: Imputed interest (108 ) Operating lease liability $ 27,277 |
ACCOUNTS PAYABLE AND ACCRUED _3
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) | Aug. 31, 2020 | Nov. 30, 2019 |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | ||
Trade accounts | $ 19,923 | $ 9,282 |
Credit card | 16,829 | 18,240 |
Accrued salary | 17,777 | 14,724 |
Sales tax payable | 335 | 335 |
Total | $ 54,864 | $ 42,581 |
LOAN PAYABLE (Details Narrative
LOAN PAYABLE (Details Narrative) - USD ($) | May 04, 2020 | Aug. 31, 2020 | Nov. 30, 2019 |
Loan payable | $ 20,590 | $ 0 | |
Paycheck Protection Progra [Member] | |||
Loan payable | $ 20,590 | ||
Debt instrument interest rate | 10.00% | ||
Debt instrument maturity term | two-year |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Detail Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Aug. 31, 2020 | Aug. 31, 2019 | Aug. 31, 2020 | Aug. 31, 2019 | |
Expense paid by related party | $ 450 | $ 5,556 | ||
Consulting fees | $ 17,458 | $ 4,483 | 46,589 | 35,985 |
Two Officer [Member] | ||||
Salaries | 0 | 18,920 | ||
CEO [Member] | ||||
Consulting fees | $ 20,000 | $ 900 |
LEASE (Details)
LEASE (Details) - USD ($) | Aug. 31, 2020 | Sep. 30, 2019 |
LEASE | ||
Right of use asset | $ 29,277 | $ 0 |
Operating lease liability | ||
Current | 27,277 | 0 |
Non-Current | 0 | 0 |
Lease liability | $ 27,277 | $ 0 |
LEASE (Details 1)
LEASE (Details 1) | 9 Months Ended |
Aug. 31, 2020 | |
LEASE | |
Remaining lease term | 0.75 year |
Discount rate | 1.00% |
LEASE (Details 2)
LEASE (Details 2) - USD ($) | Aug. 31, 2020 | Sep. 30, 2019 |
LEASE | ||
Remainder of 2020 | $ 9,795 | |
2021 | 17,590 | |
Thereafter | 0 | |
Total | 27,385 | |
Less: Imputed interest | (108) | |
Lease liability | $ 27,277 | $ 0 |
LEASE (Details Narrative)
LEASE (Details Narrative) - USD ($) | 9 Months Ended | |
Aug. 31, 2020 | Aug. 31, 2019 | |
Initial recognition of right of use asset and lease liability | $ 42,253 | $ 0 |
Rent expense | 31,570 | $ 22,280 |
March 7, 2019 [Member] | ||
Operating lease monthly rent | 3,713 | |
January 8, 2020 [Member] | ||
Operating lease monthly rent | 3,713 | |
May 1, 2020 [Member] | ||
Operating lease monthly rent | $ 3,265 |