Cover
Cover - USD ($) | 12 Months Ended | ||
Nov. 30, 2021 | Dec. 30, 2021 | May 31, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
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 | 000-55875 | ||
Entity Registrant Name | NESTBUILDER.COM CORP. | ||
Entity Central Index Key | 0001725516 | ||
Entity Tax Identification Number | 82-3254264 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 201 W. Passaic Street | ||
Entity Address, Address Line Two | Suite 301 | ||
Entity Address, City or Town | Rochelle Park | ||
Entity Address, State or Province | NJ | ||
Entity Address, Postal Zip Code | 07662 | ||
City Area Code | (201) | ||
Local Phone Number | 845-7001 | ||
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 Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 3,747,114 | ||
Entity Common Stock, Shares Outstanding | 1,673,237 |
Balance Sheets
Balance Sheets - USD ($) | Nov. 30, 2021 | Nov. 30, 2020 |
Current Assets | ||
Cash | $ 19,622 | $ 4,124 |
Total current assets | 19,622 | 4,124 |
Total assets | 19,622 | 4,124 |
Current Liabilities | ||
Accounts payable and accrued expenses | 102,000 | 110,000 |
Paycheck protection SBA loan | 15,077 | 15,080 |
Convertible promissory notes payable and accrued interest | 50,571 | |
Total current liabilities | 167,648 | 125,080 |
Total liabilities | 167,648 | 125,080 |
Commitments and Contingencies (Note 8) | ||
Stockholders’ Equity (Deficit) | ||
Convertible Series A Preferred stock, $0.0001 par value 25,000,000 shares authorized; zero shares issued and outstanding on November 30, 2021, and November 30, 2020. | ||
Common stock, $0.0001 par value; 250,000,000 shares authorized; 1,673,237 shares issued and outstanding at November 30, 2021 and November 30, 2020. | 167 | 167 |
Additional paid-in-capital | 587,869 | 587,869 |
Treasury stock, at cost (640,000 shares) | (120,000) | (120,000) |
Accumulated (deficit) | (616,062) | (588,992) |
Total stockholders’ equity (deficit) | (148,026) | (120,956) |
Total liabilities and stockholders’ equity (deficit) | $ 19,622 | $ 4,124 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Nov. 30, 2021 | Nov. 30, 2020 |
Preferred stock, par value | $ 0.0001 | |
Preferred stock, shares authorized | 25,000,000 | |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 250,000,000 | 250,000,000 |
Common stock, shares issued | 1,673,237 | 1,673,237 |
Common stock, shares outstanding | 1,673,237 | 1,673,237 |
Treasury stock shares | 640,000 | 640,000 |
Convertible Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Revenues | ||
Real estate media revenue | $ 61,050 | $ 73,374 |
Cost of revenues | 16,942 | 39,587 |
Gross profit | 44,108 | 33,787 |
Operating expenses | ||
Salaries and benefits | 18,946 | 42,273 |
Selling and promotions expense | 544 | 17,563 |
General and administrative | 64,768 | 54,006 |
Total operating expenses | 84,258 | 113,842 |
Operating income (loss) | (40,150) | (80,055) |
Other income (expense) | ||
Gain on forgiveness of paycheck protection program loan #1 | 13,080 | |
Gain on settlement of convertible promissory notes | 10,438 | |
Total other income (expense) | 13,080 | 10,438 |
Income (loss) before income taxes | (27,070) | (69,617) |
Provision for income taxes | ||
Net (loss) | $ (27,070) | $ (69,617) |
Weighted average number of shares outstanding – basic and diluted | 1,673,237 | 1,673,237 |
Basic and diluted net (loss) per common share | $ (0.02) | $ (0.04) |
Statement of Changes in Stockho
Statement of Changes in Stockholders' Equity (Deficit) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Nov. 30, 2019 | $ 64 | $ 167 | $ 587,805 | $ (519,375) | $ 68,661 | |
Beginning balance, Shares at Nov. 30, 2019 | 640,000 | 1,673,237 | ||||
Net Loss | (69,617) | (69,617) | ||||
Repurchase of Series A convertible preferred shares | $ (64) | (120,000) | 64 | (120,000) | ||
Repurchase of Series A convertible preferred shares, shares | (640,000) | |||||
Ending balance, value at Nov. 30, 2020 | $ 167 | (120,000) | 587,869 | (588,992) | (120,956) | |
Ending balance, shares at Nov. 30, 2020 | 1,673,237 | |||||
Net Loss | (27,070) | (27,070) | ||||
Ending balance, value at Nov. 30, 2021 | $ 167 | $ (120,000) | $ 587,869 | $ (616,062) | $ (148,026) | |
Ending balance, shares at Nov. 30, 2021 | 1,673,237 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (27,070) | $ (69,617) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Gain on forgiveness of paycheck protection program loan #1 | (13,080) | |
Gain on settlement of promissory notes | (10,438) | |
Changes in operating assets and liabilities: | ||
Increase in accrued interest on notes payable | 3,468 | |
Increase (decrease) in accounts payable and accrued expenses | (8,000) | (7,000) |
Net cash provided by (used in) operating activities | (44,682) | (86,571) |
Cash flows from investing activities: | ||
Net cash provided by investing activities | ||
Cash flows from financing activities: | ||
Repayment of convertible promissory notes | (67,500) | |
Repurchase of Preferred Stock Series A shares | (120,000) | |
Proceeds from PPP and EIDL loans | 13,080 | 15,080 |
Proceeds from issuance of convertible promissory notes | 47,100 | |
Net cash provided by (used in) financing activities | 60,180 | (172,420) |
Net increase (decrease) in cash | 15,498 | (258,991) |
Cash at beginning of year | 4,124 | 263,115 |
Cash at end of year | 19,622 | 4,124 |
Supplemental disclosure of cash flow information: | ||
Interest | 484 | |
Income taxes |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS | NOTE 1: ORGANIZATION AND NATURE OF BUSINESS Organization We are engaged in the business of providing digital media and marketing services for the real estate industry. We currently generate revenue from service fees ( video creation and production and referral fees from our LoseTheAgent.com website ). At the core of our programs is our proprietary video creation technology which allows for an automated conversion of data (text, video slices and pictures of home listings) to a video with voice over and music. We provide video search, storage and marketing capabilities on multiple platform dynamics for web and mobile. Once a home, personal or community video is created using our proprietary technology, it can be published to social media, email or distributed to multiple real estate websites. In addition, we own and operate the web site LoseTheAgent.com , which is a site dedicated to peer-to-peer real estate transactions between home sellers and buyers - the so called For Sale By Owner segment. We currently have approximately 100,000 home listings across all 50 states. Products and Services We currently offer the following products and services: Enterprise Video Production The Virtual Tour (VT) LoseTheAgent.com |
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 Use of Estimates The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10K and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (all of which are of a normal recurring nature) considered necessary for a fair presentation have been included. Cash and Cash Equivalents The Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. There were no Property and Equipment All expenditures on the acquisition for property and equipment are recorded at cost and capitalized as incurred, provided the asset benefits the Company for a period of more than one year. Expenditures on routine repairs and maintenance of property and equipment are charged directly to operating expense. The property and equipment are depreciated based upon its estimated useful life after being placed in service. The estimated useful life of computer equipment is 3 years Impairment of Long-Lived Assets In accordance with Accounting Standards Codification (“ASC”) 360-10, “Property, Plant, and Equipment”, the Company periodically reviews its long- lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did no Website Development Costs The Company accounts for website development costs in accordance with Accounting Standards Codification 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day-to-day operation of the website are expensed as incurred. Fair Value of Financial Instruments ASC topic 820, “Fair Value Measurements and Disclosures” (ASC 820) defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Financial instruments consist principally of cash, accounts payable, accrued liabilities and other current liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short- term nature. The fair value of long-term debt is based on current rates at which the Company could borrow funds with similar remaining maturities. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single model for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the standard effective December 1, 2018, with no cumulative adjustment needed as of this date. All of our revenue is generated from the United States of America. Revenue is recognized when all of the following criteria are met: ● Identification of the contract, or contracts, with a customer ● Identification of the performance obligations in the contract ● Determination of the transaction price ● Allocation of the transaction price to the performance obligations in the contract ● Recognition of revenue when, or as, we satisfy performance obligation Cost of Revenues Cost of revenues includes costs attributable to services sold and delivered. These costs include engineering costs incurred to maintain our networks. Advertising Expense Advertising costs are charged to expense as incurred and are included in selling and promotions expense in the accompanying financial statements. Advertising expense for the year ended November 30, 2021, and 2020 were $ 544 17,563 Share-Based Compensation The Company computes share based payments in accordance with Accounting Standards Codification 718-10 “Compensation” (ASC 718-10). ASC 718-10 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods and services at fair value, focusing primarily on accounting for transactions in which an entity obtains employees services in share-based payment transactions. It also addresses transactions in which an entity incurs liabilities in exchange for goods and services that are based on the fair value of an entity’s equity instruments or that may be settled by the issuance of those equity instruments. In March 2005, the SEC issued SAB No. 107, Share-Based Payment (“SAB 107”) which provides guidance regarding the interaction of ASC 718-10 and certain SEC rules and regulations. The Company has applied the provisions of SAB 107 in its adoption of ASC 718-10. The Company estimates the fair value of stock options by using the Black-Scholes option pricing model. Additionally, the Company has early adopted ASU 2018-07 during fiscal year 2019. In June 2018, the FASB issued ASU 2018-07 Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (ASU 2018-07), which simplifies the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. Income Taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities and net operating loss and tax credit carryforwards given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740. ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood The Company recognizes expenses for tax penalties and interest assessed by the Internal Revenue Service and other taxing authorities upon receiving valid notice of assessments. The Company has received no such notices as of November 30, 2021. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences will become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company has recorded a full valuation allowance against its net deferred tax assets because it is not currently able to conclude that it is more likely than not that these assets will be realized. The amount of deferred tax assets considered to be realizable could be increased in the near term if estimates of future taxable income during the carryforward period are increased. As of November 30, 2021, the Company had unused net operating loss carry forwards of $ 365,221 Earnings Per Share Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Diluted loss per common share is equal to basic because the common stock equivalents are anti-dilutive. The Company’s anti-dilutive common stock equivalents include the following: SCHEDULE OF ANTI-DILUTIVE SECURITIES OUTSTANDING November 30, November 30, Shares on issuance of warrants as share-based compensation 1,428,005 1,192,500 Shares on convertible promissory notes 722,443 - Anti-dilutive securities 2,150,448 1,192,500 Concentrations, Risks and Uncertainties The Company’s operations and revenue are related to the real estate industry and its prospects for success are tied indirectly to interest rates and the general housing and business climates in the United States. Financial instruments and related items, which potentially subject the Company to concentration of credit risk consists primarily of cash. The Company places its cash with high credit quality institutions. At times, such deposits may be in excess of the FDIC insurance limit of $ 250,000 no Recently Issued Accounting Pronouncements The Company has reviewed the FASB issued ASU accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and do not believe that any new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of the Company’s financial management. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exceptions. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of the standard on the consolidated financial statements. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The new ASU addresses issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options. This amendment is effective for all entities, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact this new guidance will have on its financial statements. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Nov. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3: GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. At November 30, 2021, the Company had a working capital deficit of $ 148,026 616,062 27,070 In order to meet its working capital needs through the next twelve months and to fund the growth of our business, the Company may consider plans to raise additional funds through the issuance of additional shares of common or preferred stock and or through the issuance of debt instruments. Although the Company intends to obtain additional financing to meet our cash needs, the Company may be unable to secure any additional financing on terms that are favorable or acceptable to it, if at all. In December 2019, a novel coronavirus (“COVID-19”) emerged and has subsequently spread worldwide. The World Health Organization has declared COVID-19 a pandemic resulting in federal, state, and local governments mandating various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories and quarantining of people who may have been exposed to the virus. COVID-19 Update In March 2020, the World Health Organization declared the COVID-19 outbreak to be a global pandemic. The pandemic has had significant impacts around the globe and in many locations in which we operate. While the impacts have not caused a material adverse financial impact to our business to date, the future impacts remain uncertain. The extent to which the COVID-19 pandemic may impact our business going forward will depend on numerous evolving factors that we cannot reliably predict. The effect, if any, of the COVID-19 pandemic would not be fully reflected in our results of operations and overall financial performance until future periods. As of November 30, 2021, COVID-19 has not had a material impact on our results of operations or financial condition. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Nov. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 4: PROPERTY AND EQUIPMENT At November 30, 2021 and November 30, 2020 Company’s property and equipment are as follows: SCHEDULE OF PROPERTY AND EQUIPMENT Estimated November 30, 2021 November 30, 2020 Office equipment 3 $ 82,719 $ 82,719 Less: accumulated depreciation (82,719 ) (82,719 ) Property and equipment, net $ - $ - The Company has recorded no |
ACCOUNTS PAYABLE AND ACCRUED EX
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | 12 Months Ended |
Nov. 30, 2021 | |
Payables and Accruals [Abstract] | |
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | NOTE 5: ACCOUNTS PAYABLE AND ACCRUED EXPENSES The Company’s accounts payable and accrued expenses are as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES November 30, November 30, 2021 2020 Trade payables and accruals $ 102,000 $ 110,000 Total accounts payable and accrued expenses $ 102,000 $ 110,000 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Nov. 30, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 6: RELATED PARTY TRANSACTIONS Convertible Promissory Notes On August 17, 2018, William McLeod, our Chief Executive Officer, President and a Director, Thomas M. Grbelja, our Treasurer, Secretary and a Director, and Alex Aliksanyan, a director and our former Chief Executive Officer, were each issued a convertible promissory note, dated August 17, 2018, in 12,500 2.5% 0.12 . On April 17, 2020, William McLeod, our Chief Executive Officer, President and a Director, Thomas M. Grbelja, our Treasurer, Secretary and a Director, and Alex Aliksanyan, a Director and our former Chief Executive Officer, executed a Satisfaction and General Release of Promissory Note, pursuant to which they accepted a discounted payoff of their convertible promissory notes in the amount of $ 11,250 10,438 During the current fiscal year Mr. Aliksanyan, a board member of the Company, was issued a convertible promissory note in the amount of $ 6,101 5,000 10,000 Series A Convertible Preferred Stock Included in the year ended November 30, 2019, Mr. McLeod, director and President purchased 280,000 70,000 52,500 |
STOCKHOLDERS_ DEFICIT
STOCKHOLDERS’ DEFICIT | 12 Months Ended |
Nov. 30, 2021 | |
Equity [Abstract] | |
STOCKHOLDERS’ DEFICIT | NOTE 7: STOCKHOLDERS’ DEFICIT The total number of shares of all classes of stock that the Company shall have the authority to issue is 275,000,000 250,000,000 0.0001 25,000,000 0.0001 Each share of Series A Convertible Preferred Stock shall be convertible, at the option of the holder thereof, at any time after the issuance of such share, into one (1) share of Common Stock. 1,673,237 zero On October 9, 2020, we entered into Stock Repurchase Agreements with three shareholders, pursuant to which we agreed to repurchase from such shareholders a total of 640,000 0.1875 120,000 280,000 52,500 Common stock warrants On August 20, 2019, the Company issued 1,192,500 1 0.20 August 20, 2024 During December 2020, the Company issued 137,500 27,500 In June 2021, the Company issued an additional 80,000 16,000 0.10 December 31, 2022 In September 2021, the Company issued an additional 18,005 3,601 0.10 December 31, 2022 The grant date fair value was zero. A summary of the Company’s outstanding common stock warrants as of November 30, 2021, is as follows: SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING Weighted Average Exercise Intrinsic Warrants Price Value Outstanding, November 30, 2020 1,192,500 $ 0.20 $ 0.00 Warrants granted and issued 235,505 $ 0.10 $ 0.00 Warrants exercised - $ - $ 0.00 Warrants exchanged - $ - $ 0.00 Outstanding, November 30, 2021 1,428,005 $ 0.186 $ 0.00 Common stock issuable upon exercise of warrants 1,428,005 $ 0.186 $ 0.00 The following table summarizes information about common stock warrants outstanding on November 30, 2021: SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING AND WARRANT EXERCISABLE Warrants Outstanding Warrants Exercisable Number Weighted Weighted Number Exercisable at Weighted November 30 Remaining Life Exercise Price November 30, Exercise Price 18,005 1.08 $ 0.10 18,005 $ 0.10 137,500 1.33 0.10 137,500 0.10 80,000 1.33 0.10 80,000 0.10 1,192,500 2.97 0.20 1,192,500 0.20 1,428,005 1.88 $ 0.186 1,428,005 $ 0.186 The Company estimates the fair value of each award on the date of grant using a Cox Rubinstein option valuation model that uses the following assumptions for warrants earned during the year ended November 30, 2021: SCHEDULE OF ASSUMPTION OF BLACK-SCHOLES OPTION PRICING MODEL Expected volatility 100 % Expected dividends 0 % Expected term (in years) 2 3 years Risk-free rate 0.14 0.30 % |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Nov. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 8: COMMITMENTS AND CONTINGENCIES On August 17, 2018, we entered into employment agreements with Alex Aliksanyan, our former Chief Executive Officer and a director, and Thomas M. Grbelja, our Chief Financial Officer, Secretary and a director. Pursuant to the employment agreement with Alex Aliksanyan (the “Aliksanyan Employment Agreement”), Mr. Aliksanyan agreed to serve as our Chief Executive Officer, and we agreed to pay Mr. Aliksanyan an annual base salary of $ 120,000 The initial term of the is 12 months and may be extended by mutual agreement between us and Mr. Mr. 36,000 Mr. 1,500 Pursuant to the employment agreement with Thomas M. Grbelja (the “Grbelja Employment Agreement”), Mr. Grbelja agreed to serve as our Chief Financial Officer, devoting a minimum of 50 70,000 The initial term of the is 12 months and may be extended by mutual agreement between us and 24,000 |
CONVERTIBLE PROMISSORY NOTES PA
CONVERTIBLE PROMISSORY NOTES PAYABLE | 12 Months Ended |
Nov. 30, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE PROMISSORY NOTES PAYABLE | NOTE 9: CONVERTIBLE PROMISSORY NOTES PAYABLE From December 10, 2020 through January 27, 2021, we entered into a Securities Purchase Agreement, by and among us and the purchasers named thereunder, pursuant to which we issued to each of seven investors a Senior Convertible Promissory Note in the principle amount of up to $ 10,000 50,000 0.10 The Notes bear interest at the rate of 10.0 July 31, 2022 47,160 16,000 3,601 3,411 722,443 Pursuant to the terms of the Notes, the holders of the Notes have the right, at their option, at any time, to convert the principal amount of the Notes, and any accrued interest, into our common stock at a conversion of $ 0.07 4.99 As of November 30, 2021, the total balance of those notes payable are $ 50,571 |
PAYCHECK PROTECTION PROGRAM_SBA
PAYCHECK PROTECTION PROGRAM/SBA LOAN | 12 Months Ended |
Nov. 30, 2021 | |
Paycheck Protection Programsba Loan | |
PAYCHECK PROTECTION PROGRAM/SBA LOAN | NOTE 10: PAYCHECK PROTECTION PROGRAM/SBA LOAN On May 6, 2020, the Company obtained a $ 13,080 2,000 15,080 In March 2021, the Company obtained an additional Paycheck Protection Program (2) loan in the amount of $ 13,077 The Company applied for and received forgiveness from the SBA on May 24, 2021, on the first loan Paycheck Protection Program Loan in the amount of $ 13,080 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Nov. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 11: INCOME TAXES The Company accounts for income taxes considering deferred tax assets and liabilities which represent the future tax consequences of the differences between financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences, and operating loss and tax credit carryforwards. Deferred liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. The impact of tax rate changes on deferred tax assets and liabilities is recognized in the year the change is enacted. The difference between the effective income tax rate and the applicable statutory federal income tax rate is summarized as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2021 2020 Statutory federal rate (21.0 )% (21.0 )% Permanent differences, PPP forgiveness 0 % 0 % Change in valuation allowance 21.0 % 21.0 % Effective tax rate 0.0 % 0.0 % At November 30, 2021 and 2020 the Company’s deferred tax assets were as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2021 2020 Tax benefit of net operating loss carry forward $ 2,934 $ 14,620 Change in valuation allowance (2,934 ) (14,620 ) Provision for income tax - Deferred tax assets (liabilities) Net deferred tax assets- net operating losses 76,697 73,763 Less: Valuation allowance (76,697 ) (73,763 ) Net deferred tax asset $ - - In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences will become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company has recorded a full valuation allowance against its net deferred tax assets because it is not currently able to conclude that it is more likely than not that these assets will be realized. The amount of deferred tax assets considered to be realizable could be increased in the near term if estimates of future taxable income during the carryforward period are increased. As of November 30, 2021, the Company had unused net operating loss carry forwards of $ 365,221 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10K and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (all of which are of a normal recurring nature) considered necessary for a fair presentation have been included. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all unrestricted demand deposits, money market funds and highly liquid debt instruments with an original maturity of less than 90 days to be cash and cash equivalents. There were no |
Property and Equipment | Property and Equipment All expenditures on the acquisition for property and equipment are recorded at cost and capitalized as incurred, provided the asset benefits the Company for a period of more than one year. Expenditures on routine repairs and maintenance of property and equipment are charged directly to operating expense. The property and equipment are depreciated based upon its estimated useful life after being placed in service. The estimated useful life of computer equipment is 3 years |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets In accordance with Accounting Standards Codification (“ASC”) 360-10, “Property, Plant, and Equipment”, the Company periodically reviews its long- lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did no |
Website Development Costs | Website Development Costs The Company accounts for website development costs in accordance with Accounting Standards Codification 350-50 “Website Development Costs”. Accordingly, all costs incurred in the planning stage are expensed as incurred, costs incurred in the website application and infrastructure development stage that meet specific criteria are capitalized and costs incurred in the day-to-day operation of the website are expensed as incurred. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments ASC topic 820, “Fair Value Measurements and Disclosures” (ASC 820) defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Financial instruments consist principally of cash, accounts payable, accrued liabilities and other current liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short- term nature. The fair value of long-term debt is based on current rates at which the Company could borrow funds with similar remaining maturities. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. |
Revenue Recognition | Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single model for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We adopted the standard effective December 1, 2018, with no cumulative adjustment needed as of this date. All of our revenue is generated from the United States of America. Revenue is recognized when all of the following criteria are met: ● Identification of the contract, or contracts, with a customer ● Identification of the performance obligations in the contract ● Determination of the transaction price ● Allocation of the transaction price to the performance obligations in the contract ● Recognition of revenue when, or as, we satisfy performance obligation |
Cost of Revenues | Cost of Revenues Cost of revenues includes costs attributable to services sold and delivered. These costs include engineering costs incurred to maintain our networks. |
Advertising Expense | Advertising Expense Advertising costs are charged to expense as incurred and are included in selling and promotions expense in the accompanying financial statements. Advertising expense for the year ended November 30, 2021, and 2020 were $ 544 17,563 |
Share-Based Compensation | Share-Based Compensation The Company computes share based payments in accordance with Accounting Standards Codification 718-10 “Compensation” (ASC 718-10). ASC 718-10 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods and services at fair value, focusing primarily on accounting for transactions in which an entity obtains employees services in share-based payment transactions. It also addresses transactions in which an entity incurs liabilities in exchange for goods and services that are based on the fair value of an entity’s equity instruments or that may be settled by the issuance of those equity instruments. In March 2005, the SEC issued SAB No. 107, Share-Based Payment (“SAB 107”) which provides guidance regarding the interaction of ASC 718-10 and certain SEC rules and regulations. The Company has applied the provisions of SAB 107 in its adoption of ASC 718-10. The Company estimates the fair value of stock options by using the Black-Scholes option pricing model. Additionally, the Company has early adopted ASU 2018-07 during fiscal year 2019. In June 2018, the FASB issued ASU 2018-07 Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (ASU 2018-07), which simplifies the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. |
Income Taxes | Income Taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities and net operating loss and tax credit carryforwards given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740. ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood The Company recognizes expenses for tax penalties and interest assessed by the Internal Revenue Service and other taxing authorities upon receiving valid notice of assessments. The Company has received no such notices as of November 30, 2021. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences will become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company has recorded a full valuation allowance against its net deferred tax assets because it is not currently able to conclude that it is more likely than not that these assets will be realized. The amount of deferred tax assets considered to be realizable could be increased in the near term if estimates of future taxable income during the carryforward period are increased. As of November 30, 2021, the Company had unused net operating loss carry forwards of $ 365,221 |
Earnings Per Share | Earnings Per Share Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Diluted loss per common share is equal to basic because the common stock equivalents are anti-dilutive. The Company’s anti-dilutive common stock equivalents include the following: SCHEDULE OF ANTI-DILUTIVE SECURITIES OUTSTANDING November 30, November 30, Shares on issuance of warrants as share-based compensation 1,428,005 1,192,500 Shares on convertible promissory notes 722,443 - Anti-dilutive securities 2,150,448 1,192,500 |
Concentrations, Risks and Uncertainties | Concentrations, Risks and Uncertainties The Company’s operations and revenue are related to the real estate industry and its prospects for success are tied indirectly to interest rates and the general housing and business climates in the United States. Financial instruments and related items, which potentially subject the Company to concentration of credit risk consists primarily of cash. The Company places its cash with high credit quality institutions. At times, such deposits may be in excess of the FDIC insurance limit of $ 250,000 no |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements The Company has reviewed the FASB issued ASU accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and do not believe that any new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of the Company’s financial management. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exceptions. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of the standard on the consolidated financial statements. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The new ASU addresses issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options. This amendment is effective for all entities, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact this new guidance will have on its financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Accounting Policies [Abstract] | |
SCHEDULE OF ANTI-DILUTIVE SECURITIES OUTSTANDING | SCHEDULE OF ANTI-DILUTIVE SECURITIES OUTSTANDING November 30, November 30, Shares on issuance of warrants as share-based compensation 1,428,005 1,192,500 Shares on convertible promissory notes 722,443 - Anti-dilutive securities 2,150,448 1,192,500 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PROPERTY AND EQUIPMENT | SCHEDULE OF PROPERTY AND EQUIPMENT Estimated November 30, 2021 November 30, 2020 Office equipment 3 $ 82,719 $ 82,719 Less: accumulated depreciation (82,719 ) (82,719 ) Property and equipment, net $ - $ - |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Payables and Accruals [Abstract] | |
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES | The Company’s accounts payable and accrued expenses are as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES November 30, November 30, 2021 2020 Trade payables and accruals $ 102,000 $ 110,000 Total accounts payable and accrued expenses $ 102,000 $ 110,000 |
STOCKHOLDERS_ DEFICIT (Tables)
STOCKHOLDERS’ DEFICIT (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Equity [Abstract] | |
SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING | A summary of the Company’s outstanding common stock warrants as of November 30, 2021, is as follows: SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING Weighted Average Exercise Intrinsic Warrants Price Value Outstanding, November 30, 2020 1,192,500 $ 0.20 $ 0.00 Warrants granted and issued 235,505 $ 0.10 $ 0.00 Warrants exercised - $ - $ 0.00 Warrants exchanged - $ - $ 0.00 Outstanding, November 30, 2021 1,428,005 $ 0.186 $ 0.00 Common stock issuable upon exercise of warrants 1,428,005 $ 0.186 $ 0.00 |
SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING AND WARRANT EXERCISABLE | The following table summarizes information about common stock warrants outstanding on November 30, 2021: SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING AND WARRANT EXERCISABLE Warrants Outstanding Warrants Exercisable Number Weighted Weighted Number Exercisable at Weighted November 30 Remaining Life Exercise Price November 30, Exercise Price 18,005 1.08 $ 0.10 18,005 $ 0.10 137,500 1.33 0.10 137,500 0.10 80,000 1.33 0.10 80,000 0.10 1,192,500 2.97 0.20 1,192,500 0.20 1,428,005 1.88 $ 0.186 1,428,005 $ 0.186 |
SCHEDULE OF ASSUMPTION OF BLACK-SCHOLES OPTION PRICING MODEL | The Company estimates the fair value of each award on the date of grant using a Cox Rubinstein option valuation model that uses the following assumptions for warrants earned during the year ended November 30, 2021: SCHEDULE OF ASSUMPTION OF BLACK-SCHOLES OPTION PRICING MODEL Expected volatility 100 % Expected dividends 0 % Expected term (in years) 2 3 years Risk-free rate 0.14 0.30 % |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Nov. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF EFFECTIVE INCOME TAX RATE | The difference between the effective income tax rate and the applicable statutory federal income tax rate is summarized as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2021 2020 Statutory federal rate (21.0 )% (21.0 )% Permanent differences, PPP forgiveness 0 % 0 % Change in valuation allowance 21.0 % 21.0 % Effective tax rate 0.0 % 0.0 % |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | At November 30, 2021 and 2020 the Company’s deferred tax assets were as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2021 2020 Tax benefit of net operating loss carry forward $ 2,934 $ 14,620 Change in valuation allowance (2,934 ) (14,620 ) Provision for income tax - Deferred tax assets (liabilities) Net deferred tax assets- net operating losses 76,697 73,763 Less: Valuation allowance (76,697 ) (73,763 ) Net deferred tax asset $ - - |
SCHEDULE OF ANTI-DILUTIVE SECUR
SCHEDULE OF ANTI-DILUTIVE SECURITIES OUTSTANDING (Details) - shares | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive securities | 2,150,448 | 1,192,500 |
Shares on Issuance of Warrants as Share Based Compensation [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive securities | 1,428,005 | 1,192,500 |
Shares on Convertible Promissory Notes [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive securities | 722,443 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Cash equivalents | $ 0 | $ 0 |
Impairment of long-lived assets | 0 | 0 |
Advertising expense | $ 544 | 17,563 |
Income taxes position, description | greater than 50 percent likelihood | |
Net operating loss carry forwards | $ 365,221 | |
FDIC insurance limit | 250,000 | |
Cash on deposit | $ 0 | $ 0 |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated life | 3 years |
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] | ||
Working capital | $ 148,026 | |
Accumulated deficit | 616,062 | $ 588,992 |
Net loss | $ 27,070 | $ 69,617 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Office equipment | $ 82,719 | $ 82,719 |
Less: accumulated depreciation | (82,719) | (82,719) |
Property and equipment, net | ||
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Life (in years) | 3 years |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expenses | $ 0 | $ 0 |
SCHEDULE OF ACCOUNTS PAYABLE AN
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) | Nov. 30, 2021 | Nov. 30, 2020 |
Payables and Accruals [Abstract] | ||
Trade payables and accruals | $ 102,000 | $ 110,000 |
Total accounts payable and accrued expenses | $ 102,000 | $ 110,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Oct. 06, 2020 | Apr. 17, 2020 | Aug. 17, 2018 | Nov. 30, 2021 | Nov. 30, 2020 | Nov. 30, 2019 |
Short-term Debt [Line Items] | ||||||
Payment of convertible debt | $ 67,500 | |||||
Gain on settlement of debt | 10,438 | |||||
Number of shares repurchased, value | $ 120,000 | |||||
Series A Preferred Stock [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Number of shares repurchased, value | $ 52,500 | |||||
William Mc Leod [Member] | Series A Preferred Stock [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Number of shares issued | 280,000 | |||||
Number of shares issued value | $ 70,000 | |||||
Convertible Debt [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Gain on settlement of debt | $ 10,438 | |||||
Convertible Debt [Member] | William Mc Leod [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Debt instrument face amount | $ 12,500 | |||||
Debt instrument interest rate | 2.50% | |||||
Debt conversion price per share | $ 0.12 | |||||
Payment of convertible debt | 11,250 | |||||
Convertible debt | 10,000 | |||||
Convertible Debt [Member] | Thomas M Grbelja [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Debt instrument face amount | $ 12,500 | |||||
Debt instrument interest rate | 2.50% | |||||
Debt conversion price per share | $ 0.12 | |||||
Payment of convertible debt | 11,250 | |||||
Convertible debt | 5,000 | |||||
Convertible Debt [Member] | Alex Aliksanyan [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Debt instrument face amount | $ 12,500 | |||||
Debt instrument interest rate | 2.50% | |||||
Debt conversion price per share | $ 0.12 | |||||
Payment of convertible debt | $ 11,250 | |||||
Convertible debt | $ 6,101 |
SCHEDULE OF COMMON STOCK WARRAN
SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING (Details) - Warrant [Member] | 12 Months Ended |
Nov. 30, 2021USD ($)$ / sharesshares | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Warrants Outstanding, beginning balance | shares | 1,192,500 |
Weighted Average Exercise Price, Warrants Outstanding, beginning balance | $ / shares | $ 0.20 |
Intrinsic Value, Warrants Outstanding, beginning balance | $ | $ 0 |
Warrants granted and issued | shares | 235,505 |
Weighted Average Exercise Price, Warrants granted and issued | $ / shares | $ 0.10 |
Intrinsic Value, Warrants granted and issued | $ | $ 0 |
Warrants exercised | shares | |
Weighted Average Exercise Price, Warrants exercised | $ / shares | |
Intrinsic Value, Warrants exercised | $ | $ 0 |
Warrants exchanged | shares | |
Weighted Average Exercise Price, Warrants exchanged | $ / shares | |
Intrinsic Value, Warrants exchanged | $ | $ 0 |
Warrants Outstanding, ending balance | shares | 1,428,005 |
Weighted Average Exercise Price, Warrants Outstanding, ending balance | $ / shares | $ 0.186 |
Intrinsic Value, Warrants Outstanding, ending balance | $ | $ 0 |
Common stock issuable upon exercise of warrants | shares | 1,428,005 |
Weighted Average Exercise Price, Common stock issuable upon exercise of warrants | $ / shares | $ 0.186 |
Intrinsic Value, Common stock issuable upon exercise of warrants | $ | $ 0 |
SCHEDULE OF COMMON STOCK WARR_2
SCHEDULE OF COMMON STOCK WARRANTS OUTSTANDING AND WARRANT EXERCISABLE (Details) - $ / shares | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Warrant One [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants Outstanding, Number | 18,005 | |
Warrants Outstanding, Weighted Average Remaining Life | 1 year 29 days | |
Warrants Outstanding, Weighted Average Exercise Price | $ 0.10 | |
Warrants Exercisable, Number | 18,005 | |
Warrants Exercisable, Weighted Average Exercise Price | $ 0.10 | |
Warrant Two [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants Outstanding, Number | 137,500 | |
Warrants Outstanding, Weighted Average Remaining Life | 1 year 3 months 29 days | |
Warrants Outstanding, Weighted Average Exercise Price | $ 0.10 | |
Warrants Exercisable, Number | 137,500 | |
Warrants Exercisable, Weighted Average Exercise Price | $ 0.10 | |
Warrant Three [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants Outstanding, Number | 80,000 | |
Warrants Outstanding, Weighted Average Remaining Life | 1 year 3 months 29 days | |
Warrants Outstanding, Weighted Average Exercise Price | $ 0.10 | |
Warrants Exercisable, Number | 80,000 | |
Warrants Exercisable, Weighted Average Exercise Price | $ 0.10 | |
Warrant Four [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants Outstanding, Number | 1,192,500 | |
Warrants Outstanding, Weighted Average Remaining Life | 2 years 11 months 19 days | |
Warrants Outstanding, Weighted Average Exercise Price | $ 0.20 | |
Warrants Exercisable, Number | 1,192,500 | |
Warrants Exercisable, Weighted Average Exercise Price | $ 0.20 | |
Warrant [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants Outstanding, Number | 1,428,005 | 1,192,500 |
Warrants Outstanding, Weighted Average Remaining Life | 1 year 10 months 17 days | |
Warrants Outstanding, Weighted Average Exercise Price | $ 0.186 | |
Warrants Exercisable, Number | 1,428,005 | |
Warrants Exercisable, Weighted Average Exercise Price | $ 0.186 |
SCHEDULE OF ASSUMPTION OF BLACK
SCHEDULE OF ASSUMPTION OF BLACK-SCHOLES OPTION PRICING MODEL (Details) | 12 Months Ended |
Nov. 30, 2021 | |
Expected volatility | 100.00% |
Expected dividends | 0.00% |
Minimum [Member] | |
Expected term (in years) | 2 years |
Risk-free rate | 0.14% |
Maximum [Member] | |
Expected term (in years) | 3 years |
Risk-free rate | 0.30% |
STOCKHOLDERS_ DEFICIT (Details
STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($) | Oct. 09, 2020 | Nov. 30, 2021 | Nov. 30, 2020 | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | Aug. 20, 2019 |
Class of Stock [Line Items] | |||||||
Shares capital, authorized | 275,000,000 | ||||||
Common stock, shares authorized | 250,000,000 | 250,000,000 | |||||
Common stock, par value | $ 0.0001 | $ 0.0001 | |||||
Preferred stock, shares authorized | 25,000,000 | ||||||
Preferred stock, par value | $ 0.0001 | ||||||
Common stock, shares issued | 1,673,237 | 1,673,237 | |||||
Common stock, shares outstanding | 1,673,237 | 1,673,237 | |||||
Number of shares repurchased, value | $ 120,000 | ||||||
Warrant [Member] | |||||||
Class of Stock [Line Items] | |||||||
Warrants issued | 1,192,500 | ||||||
Number of shares called by each warrant | 1 | ||||||
Warrants exercise price | $ 0.20 | ||||||
Warrants expiration date | Aug. 20, 2024 | ||||||
Securities Purchase Agreement [Member] | Warrant [Member] | |||||||
Class of Stock [Line Items] | |||||||
Warrants issued | 18,005 | 80,000 | 137,500 | ||||
Warrants exercise price | $ 0.10 | $ 0.10 | |||||
Warrants expiration date | Dec. 31, 2022 | Dec. 31, 2022 | |||||
Convertible debt | $ 3,601 | $ 16,000 | $ 27,500 | ||||
Series A Convertible Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred stock conversion basis description | Each share of Series A Convertible Preferred Stock shall be convertible, at the option of the holder thereof, at any time after the issuance of such share, into one (1) share of Common Stock. | ||||||
Common stock, shares issued | 1,673,237 | ||||||
Common stock, shares outstanding | 1,673,237 | ||||||
Preferred stock, shares issued | 0 | ||||||
Preferred stock, shares outstanding | 0 | ||||||
Series A Convertible Preferred Stock [Member] | Stock Repurchase Agreements [Member] | Three Shareholders [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares repurchased, shares | 640,000 | ||||||
Share price per share | $ 0.1875 | ||||||
Number of shares repurchased, value | $ 120,000 | ||||||
Series A Convertible Preferred Stock [Member] | Stock Repurchase Agreements [Member] | William Mc Leod [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares repurchased, shares | 280,000 | ||||||
Number of shares repurchased, value | $ 52,500 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) - Employment Agreement [Member] - USD ($) | Apr. 20, 2020 | Aug. 17, 2018 | Nov. 30, 2017 |
Mr Aliksanyan [Member] | |||
Loss Contingencies [Line Items] | |||
Annual base salary | $ 120,000 | $ 36,000 | |
Lump sum payment | $ 1,500 | ||
Mr Grbelja [Member] | |||
Loss Contingencies [Line Items] | |||
Annual base salary | $ 70,000 | $ 24,000 | |
Mr Grbelja [Member] | Minimum [Member] | |||
Loss Contingencies [Line Items] | |||
Percentage for annual base salary | 50.00% |
CONVERTIBLE PROMISSORY NOTES _2
CONVERTIBLE PROMISSORY NOTES PAYABLE (Details Narrative) - USD ($) | 2 Months Ended | 12 Months Ended | ||
Jan. 27, 2021 | Nov. 30, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | |
Short-term Debt [Line Items] | ||||
Promissory note | $ 50,571 | |||
Senior Convertible Promissory Note [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | $ 47,160 | $ 3,601 | $ 16,000 | |
Debt instrument interest rate | 10.00% | |||
Debt instrument maturity date | Jul. 31, 2022 | |||
Debt accrued interest | $ 3,411 | |||
Number of shares issued for conversion | 722,443 | |||
Common stock conversion price per shares | $ 0.07 | |||
Beneficially ownership percentage | 4.99% | |||
Securities Purchase Agreement [Member] | Investor One [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Investor Two [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Investor Three [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Investor Four [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Investor Five [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Investor Six [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Investor Seven [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock purchase warrant | 50,000 | |||
Warrants exercise price | $ 0.10 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor One [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | $ 10,000 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor Two [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | 10,000 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor Three [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | 10,000 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor Four [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | 10,000 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor Five [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | 10,000 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor Six [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | 10,000 | |||
Securities Purchase Agreement [Member] | Senior Convertible Promissory Note [Member] | Investor Seven [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Promissory note | $ 10,000 |
PAYCHECK PROTECTION PROGRAM_S_2
PAYCHECK PROTECTION PROGRAM/SBA LOAN (Details Narrative) - USD ($) | May 24, 2021 | Mar. 31, 2021 | Nov. 30, 2021 | Nov. 30, 2020 | May 06, 2020 |
Short-term Debt [Line Items] | |||||
Loan payable | $ 15,080 | ||||
Proceeds from PPP loan | $ 13,080 | $ 15,080 | |||
PPP Loan [Member] | |||||
Short-term Debt [Line Items] | |||||
Loan payable | 13,080 | ||||
Proceeds from PPP loan | $ 13,077 | ||||
Proceeds from Paycheck Protection SBA Loan | $ 13,080 | ||||
SBA - Econonic Injury Disaster Loan Program [Member] | |||||
Short-term Debt [Line Items] | |||||
Loan payable | $ 2,000 |
SCHEDULE OF EFFECTIVE INCOME TA
SCHEDULE OF EFFECTIVE INCOME TAX RATE (Details) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Statutory federal rate | (21.00%) | (21.00%) |
Permanent differences, PPP forgiveness | 0.00% | 0.00% |
Change in valuation allowance | 21.00% | 21.00% |
Effective tax rate | 0.00% | 0.00% |
SCHEDULE OF DEFERRED TAX ASSETS
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) | 12 Months Ended | |
Nov. 30, 2021 | Nov. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Tax benefit of net operating loss carry forward | $ 2,934 | $ 14,620 |
Change in valuation allowance | (2,934) | (14,620) |
Provision for income tax | ||
Deferred tax assets (liabilities) Net deferred tax assets- net operating losses | 76,697 | 73,763 |
Less: Valuation allowance | (76,697) | (73,763) |
Net deferred tax asset |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | Nov. 30, 2021USD ($) |
Income Tax Disclosure [Abstract] | |
Net operating loss carryforwards | $ 365,221 |