U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

Mark One

x ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: November 30, 20162020

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

For the transition period from _________ to _________

Commission File No. 333-194055

3571 E. Sunset Road,11724 Ventura Blvd., Suite 420B,

Las Vegas, Nevada 89120Studio City, CA 91604

(818) 878-9346853-7033

(Address and telephone number of principal executive offices)

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

Securities registered pursuant tounder Section 12(g) of the Act:None

Common Stock, $0.001 par value

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ¨Yes x☐     No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. xYes ¨☒     No ☐

Indicate by check mark whether the registrantregistrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuerregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ¨ ☐     No x☒

Indicate by check mark whether the registrantRegistrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantRegistrant was required to submit and post such files). xYes ¨☐     No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ¨ ☒

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

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes¨ ☐     Nox ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

On May 31, 2016,2020, the last business day of the registrant'sregistrant’s most recently completed second fiscal quarter, the aggregate market value of the registrant'sregistrant’s common stock held by non-affiliates of the registrant was $480,750,approximately $52,300, based upon the closing price on that date of the common stock of the registrant on the OTC Bulletin BoardLink alternative quotation boardsystem of $1.50/share.$0.11. For purposes of this response, the registrant has assumed that its directors, executive officers and beneficial owners of 5% or more of its common stock are deemed to be affiliates of the registrant.

AsThe number of February 27, 2017, the registrant had 10,570,000registrant’s shares of its common stock $0.001 par value, outstanding.outstanding was 14,396,323 as of September 14, 2021.

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FORWARD LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as "anticipate," "expects," "intends," "plans," "believes," "seeks"“anticipate,” “expects,” “intends,” “plans,” “believes,” “seeks” and "estimates"“estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Form 10-K. Investors should carefully consider all of such risks before making an investment decision with respect to the Company'sCompany’s stock. The following discussion and analysis should be read in conjunction with our financial statements for Kange Corp. Such discussion represents only the best present assessment from our Management.

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PART I

PART I

Item 1: Description of Business

General Overview

Kange Corp., a Nevada corporation (the “Company,” “Kange,” “we,” and “us”), is an early-stage company that was incorporated in Nevada on August 16, 2013.

The Company ishas historically focused on developing and marketing a software product as a mobile applicationapplications for end users of the current generation iPhone and iPad from Apple, Inc., and mobile phones using the Android platform. The mobile application's digital content will be customizable bySince 2017, the owner of the particular device using our software. We plan to stayCompany has been focusing on the cutting edgeintersection of technology and wholistic technology-based health treatments, with the constantly changing mobile application market,intention to provide services to formulate a treatment model to meet the needs of professional athletes that suffer from PTSD and our goal is to create a quality reputation within the mobile software communityearly onset of dementia and marketplace. We plan to sell our initial applications through Apple's App Store or through our own online retail website to small business owners, who desire their own mobile applications and want to control the content. Apple, App Store, iPhone and iPad are trademarks of Apple Inc., and Android is a trademark of Alphabet Inc.

Our initial software product is intended to be the framework and basic code for an iPhone/iPad application that can be used as a template for essentially an infinite number of mobile applications for small business owners. By building the engine and template in advance and then using the same basic code repeatedly, we should avoid certain costs of development for each new application. Each new customer would have a set of features to choose from, which would provide the necessary content for the Company to customize an application for such customer's business.

Alzheimer’s. The Company is generatingcurrently evaluating operations in the engine/code/templatewholistic health industry.

On November 9, 2015, AMJ Global, LLC (“AMJ Global”), a company beneficially owned by Dr. Arthur Malone, Jr., the Company’s chief executive officer and then customizing it for eachdirector, assigned the rights of AMJ Global pursuant to its agreements with Blabeey, Inc. (“Blabeey”), a mobile application, thus providingApp designer. The irrevocable assignment, transferred and conveyed in its entirety to the Company in a solution for small businesses to have their own iPhone or Android application for a fractioncommon control transaction, all of the cost of developing such an application from scratch. Customers should be able to choose from a variety of features,AMJ Global’s rights and obligations that are stipulated and set forth in every and all agreements between AMJ Global and Blabeey, including, but not limited to:to, the agreement between AMJ Global and Blabeey dated October 26, 2015. Blabeey’s web site is www.blabeey.com, which is not incorporated in this filing. The Company issued 5,000,000 shares of common stock to AMJ Global for the assignment. The Company valued those shares at $471,672, the historical asset costs of Blabeey. Since the Company’s transaction with AMJ Global was between entities under common control, the amount of the historical cost of the assets, $471,672, was recorded as an expense in 2015 as there was no fixed and determinable future value, and the expense was recorded as a loss on the acquisition of contractual rights. Subsequently, the Company began working with Blabeey on developing technology for social media regarding Autism, PTSD and other neurological issues, and the Company is still consulting with Blabeey regarding software development opportunities in connection with the wholistic health industry.

In additionMay of 2017, the Company retained Bruce Weitzberg to customized mobile applications, our customers will receiveserve on the Company’s Board of Advisors and advise the Company regarding the intersection of technology and wholistic health care treatment and healthy living. Mr. Weitzberg is the CEO of Patient Access Solutions Inc., a customized publishing application (PC-based initially,Nevada corporation with ticker symbol “PASO” (“PASO”). PASO is a Mac version coming later) to manageprovider of healthcare and financial processing solutions for the content in their apps. To update, add, or delete content,healthcare and dental industries, and it has also opened a new center for the customer uses the publishing application, which in turn communicatestreatment of individuals with a central server where the content is hostedautism spectrum disorder and the updates will be made to the app the next time it is launched.other biomedical conditions.

We intendSubsequently, the Company retained James Lantiegne, a professional magician and former COO and CFO of a national software company, to charge eachserve on the Company’s Board of our customers an initial fee to download our basic application. The fee will be determined based uponAdvisors and provide the features each user desires. Additionally, each user will be charged a monthly feeCompany advice on the intersection of technology and health. In October of 2017, the Company retained Benny Malone, former NFL running back for the continued useMiami Dolphins and Washington Redskins, and Eric Metcalf, former NFL running back, wide receiver and three-time Pro-Bowl selection, to serve on the Company’s Board of our application. UpgradesAdvisors and other modifications will be available to our customers for appropriate fees. We have not yet finalizedadvise the amount of those fees.Company regarding sports health issues and treatments.

The Company reports its business under the following SIC Code:

Our corporate headquarters are located at 3571 E. Sunset Road,11724 Ventura Blvd., Suite 420 Las Vegas, Nevada 89120.B, Studio City, California, 91604.

Reports to Security Holders

We intend to furnish our shareholders annual reports containing financial statements audited by our independent registered public accounting firm and to make available quarterly reports containing unaudited financial statements for each of the first three quarters of each year. We file Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K with the Securities and Exchange Commission in order to meet our timely and continuous disclosure requirements. We may also file additional documents with the Commission if they become necessary in the course of our company'scompany’s operations.

The public may read and copy any materials that we file with the SEC at the SEC'sSEC’s Public Reference Room at 100 F Street, NE, Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of that site is www.sec.gov.

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Government Regulations

We believe that we are and will continue to be in compliance in all material respects with applicable statutes and the regulations passed in the United States. There are no current orders or directions relating to our company with respect to the foregoing laws and regulations.

Environmental Regulations

We do not believe that we are or will become subject to any environmental laws or regulations of the United States. While our products and business activities do not currently violate any laws, any regulatory changes that impose additional restrictions or requirements on us or on our products or potential customers could adversely affect us by increasing our operating costs or decreasing demand for our products or services, which could have a material adverse effect on our results of operations.

Employees

As of November 30, 2016,2020, we had no full timefulltime employees.

Property

We do not have any property.other real property that we lease or own.

All reports of the Company filed with the SEC are available free of charge through the SEC's website at www.sec.gov. In addition, the public may read and copy materials filed by the Company at the SEC's Public Reference Room located at 100 F Street, N.E., Washington, D.C. 20549. The public may also obtain additional information on the operation of the Public Reference Room by calling the Commission at 1-800-SEC-0330.

Item 1A. Risk Factors

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

Item 1B. Unresolved Staff Comments.

None.

Item 2. Properties

We do not own any real estate or other properties.

Item 3. Legal Proceedings

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Annual Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

Item 4. Mine Safety Disclosures

Not applicable to our Company.

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PART II

PART II

Item 5. Market for Common Equity and Related Stockholder Matters

Market Information

The Company'sCompany’s common stock is traded on the OTC PinkLink ATS (the alternative trading system operated by OTC Markets Group, Inc). under the symbol "KGNR.PK."“KGNR.” As of November 30, 2016,September 14, 2021, the Company'sCompany’s common stock was held by 2330 shareholders of record, which does not include shareholders whose shares are held in street or nominee name.

The Company'sCompany’s shares commenced trading on or about December 31, 2014. The following chart is indicative of the fluctuations in the stock prices:

Source: OTC MarketsOTCMarkets.com

The Company'sCompany’s transfer agent is GlobexEmpire Stock Transfer LLC at 780 Deltona Blvd.1859 Whitney Mesa Dr., Suite 202, Deltona, Florida, 32725.Henderson, NV 89014.

Dividend Distributions

We have not paid any cash dividends on our common stock and have no present intention of paying any dividends on the shares of our common stock. Our current policy is to retain earnings, if any, for use in our operations and in the development of our business. Our future dividend policy will be determined from time to time by our board of directors.

Securities authorized for issuance under equity compensation plans

The Company does not have a stock option plan.

Penny Stock

Our common stock is considered "penny stock"“penny stock” under the rules the Securities and Exchange Commission (the "SEC"“SEC”) under the Securities Exchange Act of 1934. The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the NASDAQ Stock Market System, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or quotation system. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the Commission, that:

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The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with:

In addition, the penny stock rules that require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser'spurchaser’s written acknowledgement of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitably statement.

These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our stock.

Related Stockholder Matters

None.

Purchase of Equity Securities

None.

Item 6. Selected Financial Data

As the Company is a "smaller“smaller reporting company,"” this item is inapplicable.

Item 7. Management'sManagement’s Discussion and Analysis of Financial Condition and Results of Operations

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as "anticipate," "expects," "intends," "plans," "believes," "seeks"“anticipate,” “expects,” “intends,” “plans,” “believes,” “seeks” and "estimates"“estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Form 10-K. Investors should carefully consider all of such risks before making an investment decision with respect to the Company'sCompany’s stock. The following discussion and analysis should be read in conjunction with our financial statements and summary of selected financial data for Kange Corp. Such discussion represents only the best present assessment from our Management.

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DESCRIPTION OF COMPANY

The Company wasis a startupstart-up company that was incorporated in Nevada on August 16, 2013.

The Company is developing and marketing software product as a mobile application for end users of the current generation iPhone and iPad from Apple, Inc., and mobile phones using the Android platform. The mobile application's digital content will be customizable by the owner of the particular device using our software. We plan to stay on the cutting edge of the constantly changing mobile application market, and our goal is to create a quality reputation within the mobile software community and marketplace. We plan to sell our initial applications through Apple's App Store or through our own online retail website to small business owners, who desire their own mobile applications and want to control the content. Apple, App Store, iPhone and iPad are trademarks of Apple Inc., and Android is a trademark of Alphabet Inc.

On June 8, 2015, the Company entered into a development contract with Idap Group, LTD, a Ukrainian company ("Software Developer"). Under the terms of the contract, Software Developer agreed to provide mobile (pda and smartphone) application ("App") software development to the Company, in exchange for not more than one hundred thousand U.S. dollars. Delivery of the ready software shall be performed by placing it in the App Store and Google Play by Software Developer or transmitted via the Internet.

On November 9, 2015, AMJ Global, LLC ("AMJ Global"), a company beneficially owned by Dr. Arthur Malone, Jr., the Company's chief executive officer and director, assigned the rights of AMJ Global pursuant to its agreements with Blabeey, Inc. ("Blabeey"), a mobile App designer. The irrevocable assignment, transferred and conveyed in its entirety to the Company, all of AMJ Global's rights and obligations that are stipulated and set forth in every and all agreements between AMJ Global and Blabeey, including, but not limited to, the agreement between AMJ Global and Blabeey dated October 26, 2015. Blabeey's web site is www.blabeey.com, which is not incorporated in this filing. The Company issued 5,000,000 shares of common stock to AMJ Global for the assignment. The Company valued those shares at $471,672, the historical asset costs of Blabeey.

We have had limited operations and have been issued a "going concern"“going concern” opinion by our auditor, based upon our reliance on the sale of our common stock as the sole source of funds for our operations for the near future.

The following Management Discussion and Analysis should be read in conjunction with the financial statements and accompanying notes included in this Form 10-K.

COMPARISON OF THE YEAR ENDED NOVEMBER 30, 20162020 TO THE YEAR ENDED NOVEMBER 30, 20152019

Results of Operations

Revenue. ForThe following discussion and analysis of our financial condition and results of operations should be read in conjunction with the yearfinancial statements and notes thereto for the years ended November 30, 2016, our revenue was $0, compared to $0 for the same period in 2015.

Operating Expenses:

General2020 and Administrative Expenses. For the year ended November 30, 2016, general2019, and administrative expenses were $27,593 compared to $30,200 for the same period in 2015.

Net Loss. We generated net losses of $83,132 for the year ended November 30, 2016, compared to $504,443 for the same period in 2015. The decrease was primarily due to the prior year loss on the issuance of common stock for the Blabeey contract rights we acquired from AMJ Global, valued at $471,672, and stock-based compensation of $4,700.

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Liquidity and Capital Resources

General. At November 30, 2016, we had cash and cash equivalents of $155. We have historically met our cash needs through a combination of cash flows from operating activities and proceeds from private placements of our securities and loans. Our cash requirements are generally for selling, general and administrative activities. We believe that our cash balance is not sufficient to finance our cash requirements for expected operational activities, capital improvements, and partial repayment of debt through the next 12 months.related management discussion herein.

Our operating activities used cashfinancial statements are stated in U.S. Dollars and are prepared in accordance with generally accepted accounting principles of $36,526 for the year ended November 30, 2016, and we used cash in operations of $16,367 during the same period in 2015. The principal elements of cash flow from operations for the year ended November 30, 2016, included a net loss of $83,132 offset primarily by the amortization of debt discount of $49,713.United States (“GAAP”).

Cash provided by investing activities during the year ended November 30, 2016, was $0 compared to $0 during the same period in 2015.Going Concern Qualification

Cash generated in our financing activities was $36,438 for the year ended November 30, 2016, compared to cash generated of $16,585 during the comparable period in 2015.

As of November 30, 2016, current liabilities exceeded current assets by $68,405. Current assets decreased from $243 at November 30, 2015 to $155 at November 30, 2016, whereas current liabilities increased from $11,704 at November 30, 2015, to $68,560 at November 30, 2016.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assetsSeveral conditions and the satisfaction of liabilities in the normal course of business. The Company had sales of $0 and net losses of $83,132 for the year ended November 30, 2016, compared to sales of $0 and net losses of $504,443 for the year ended November 30, 2015. The Company had a working capital deficit, stockholders' deficit, and accumulated deficit of $68,405, $68,405 and $620,228, respectively, at November 30, 2016. These factors raiseevents cast substantial doubt about the Company’s ability of the Company to continue as a going concern for a reasonable period of time. The Company is highly dependent on its ability to continue to obtain investment capital from future funding opportunities to fund the current and planned operating levels. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuationCompany has incurred cumulative net losses of $1,312,256 since its inception and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through debt or future issuances of capital stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concernconcern.

Our operating results for the years ended November 30, 2020 and 2019, and the changes between those periods for the respective items, are summarized as follows:

Revenues

We did not earn any revenues during the year ended November 30, 2020 or 2019.

Operating Loss

Our loss from operations reduced to $1,100 during the year ended November 30, 2020, from an operating loss of $1,200 in the comparative year ended November 30, 2019. The following table presents operating expenses for the years ended November 30, 2020 and 2019:

Other Income (Expense)

During the year ended November 30, 2020, the Company did not recognize any other income or expense. During the year ended November 30, 2019, the Company recognized an unrealized gain on marketable securities of $10,298 due to revaluation of marketable securities.

Net Loss

The Company incurred a $1,100 net loss during the year ended November 30, 2020, compared to net income of $9,098 in the prior fiscal year. This is dependentprimarily due to an unrealized gain on marketable securities recognized during the year ended November 30, 2019.

Liquidity and Capital Resources

Based upon its abilityour current financial condition, we do not have sufficient cash to bringoperate our business at the current level for the next twelve months. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. We plan to seek additional financing in income generating activities and its abilitya private equity offering to continue receiving investment capital from futuresecure funding opportunities. No assurancefor operations. There can be givenno assurance that the Companywe will be successful in these efforts.raising additional funding. If we are not able to secure additional funding, the implementation of our business plan will be impaired. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.

Working Capital

The following table presents our working capital position as of November 30, 2020 and 2019:

Critical Accounting Policies

Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the amortization period for intangible assets, valuation and impairment valuation of intangible assets, depreciable lives of the web site and property and equipment, valuation of warrant and beneficial conversion feature debt discounts, valuation of share-based payments and the valuation allowance on deferred tax assets.

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Changes in Accounting Principles. No significant changes in accounting principles were adopted during fiscal 2016 and 2015.

Derivatives. The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.

Impairment of Long-Lived Assets. The Company accounts for long-lived assets in accordance with the provisions of Statement of Financial Accounting Standards ASC 360-10, "Accounting for the Impairment or Disposal of Long-Lived Assets". This statement requires that long-lived assets and certain identifiable intangibles be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

Fair Value of Financial Instruments and Fair Value Measurements. The Company measures their financial assets and liabilities in accordance with generally accepted accounting principles. For certain of our financial instruments, including cash, accounts payable, accrued expenses escrow liability and short-term loans the carrying amounts approximate fair value due to their short maturities.

We have adopted accounting guidance for financial and non-financial assets and liabilities. The adoption did not have a material impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

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Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

Revenue Recognition. The Company recognizes revenue for our services in accordance with ASC 605-10, "Revenue Recognition in Financial Statements." Under these guidelines, revenue is recognized on transactions when all of the following exist: persuasive evidence of an arrangement did exist, delivery of service has occurred, the sales price to the buyer is fixed or determinable and collectability is reasonably assured. The Company projects to have three primary revenue streams as follows:

Currently, the Company does not have any revenue.

Stock-Based Compensation. The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718. ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees. The Company accounts for non-employee share-based awards in accordance with ASC Topic 505-50. The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. The Company estimates the fair value of each stock option at the grant date by using the Black-Scholes option-pricing model. The Company estimates the fair value of each stock option at the grant date by using the Black-Scholes option-pricing model.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk

As the Company is a "smaller“smaller reporting company,"” this item is inapplicable.

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Item 8. Financial Statements and Supplementary Data

Kange Corp.Corp.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders

Kange Corp.

3571 E. Sunset Road, Suite 420Studio City, California

Las Vegas, Nevada 89120

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Kange Corp. (the Company) as of November 30, 20162020 and 20152019, and the related statements of operations, changes in stockholders' equity (deficit)stockholders’ deficit, and cash flows for the years then ended. These financial statements areended, and the responsibility of the Company's management. Our responsibility isrelated notes (collectively referred to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whetheras the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

statements). In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Kange Corp.the Company as of November 30, 20162020 and 20152019 and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Consideration of the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, theThe Company has suffered continuingrecurring losses and has not yet established a reliable, consistent and proven source of revenue to meet its operating costs on an ongoing basis and currently does not have sufficient available funding to fully implement its business plan. These factorsno operations, which raise substantial doubt about its ability to continue as a going concern. Management'sManagement’s plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Pritchett, Siler & Hardy, P.C.Basis for Opinion

Pritchett, Siler & Hardy, P.C.

Farmington Utah

February 27, 2017These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

Going Concern – Disclosure

The financial statements of the Company are prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and, accordingly, will be able to realize its assets and discharge its liabilities in the normal course of operations. As noted in “Consideration of the Company’s Ability to Continue as a Going Concern” above, the Company has a history of recurring net losses, a significant accumulated deficit and currently has net working capital deficit. The Company has contractual obligations such as commitments for repayments of accounts and related party payables (collectively “obligations”). Currently management’s forecasts and related assumptions illustrate their ability to meet the obligations through planned resumption of operations, management of expenditures, obtaining additional loans from related and unrelated parties, and private placements of capital stock for additional funding to meet its operating needs. Should there be constraints on the ability to resume operations and access financing through stock issuances, the Company will continue to manage cash outflows and meet the obligations through related and unrelated party loans.

We identified management’s assessment of the Company’s ability to continue as a going concern as a critical audit matter. Management made judgments to conclude that it is probable that the Company’s plans will be effectively implemented and will provide the necessary cash flows to fund the Company’s obligations as they become due. Specifically, the judgments with the highest degree of impact and subjectivity in determining it is probable that the Company’s plans will be effectively implemented include its ability to resume operations, manage expenditures, its ability to access funding from the capital market, and its ability to obtain loans from related and unrelated parties. Auditing the judgments made by management required a high degree of auditor judgment and an increased extent of audit effort.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the financial statements. These procedures included the following, among others, evaluating the probability that the Company will be able to: (i) resume operations, (ii) access funding from the capital markets, (iii) manage expenditures, and (iv) obtain loans from related and unrelated parties.

/s/ Pinnacle Accountancy Group of Utah

We have served as the Company’s auditor since 2021.

Pinnacle Accountancy Group of Utah

(a dba of Heaton & Company, PLLC)

Farmington, Utah

September 15, 2021

		November 30,				November 30,
		2016				2015
ASSETS
Current assets
Cash			155				243
Total current assets			155				243
Total Assets		$	155			$	243
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Convertible notes payable to related parties, net of discount		$	52,081			$	2,368
Accounts payable			200				5,832
Due to related party			10,250				-
Accrued expenses - related party			6,029				3,504
Total current liabilities			68,560				11,704
Total Liabilities			68,560				11,704
Stockholders' deficit
Common stock, $0.001 par value, 75,000,000 shares authorized, 10,570,000 and 10,570,000 shares issued and outstanding, respectively			10,570				10,570
Additional paid-in capital			541,253				515,065
Accumulated deficit			(620,228	)			(537,096	)
Total stockholders' deficit			(68,405	)			(11,461	)
Total liabilities and stockholders' deficit		$	155			$	243

See accompanying notes to financial statements.

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Kange Corp

Balance Sheets

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

See accompanying notes to financial statements.

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Kange Corp

Statements of Operations

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

See accompanying notes to financial statements.

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Kange Corp

Statement of Changes in Stockholders’ Deficit

SeeThe accompanying notes toare an integral part of these financial statements.

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Kange Corp

Statements of Cash Flows

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

KANGE CORP.

NOTES TO FINANCIAL STATEMENTS

NOVEMBER 30, 20162020 and 2019

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Organization

Kange Corp. ("(“Kange,"” the "Company," "we," "us,"“Company,” “we,” “us,” or "our"“our”) was incorporated under the laws of the State of Nevada on August 16, 2013 (Inception).2013. We are a development stagestart-up company developing mobile software products for Apple and Android platforms, starting in Estonia and Europe, which is our initial intended market. Apple is a trademark of Apple Inc., and Android is a trademark of Alphabet Inc. During 2017, we began focusing on the intersection of technology and wholistic technology-based health treatments. We retained an advisor having substantial experience in the technology sector, and two former professional athletes to advise us regarding sports health issues and treatments. We intend to provide services to formulate a treatment model to meet the needs of professional athletes that suffer from PTSD and the early onset of dementia and Alzheimer’s. The Company is currently evaluating operations in the wholistic health industry.

Basis of Presentation

The accompanying financial statements of the Companyand related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements have been prepared using the accrual basis of accounting in accordance with generally accepted accounting principles inGenerally Accepted Accounting Principles (“GAAP”) of the United States of America and are presented in US dollars. The Company's year-end is November 30.States.

Fair Value of Financial Instruments

The Company measures its financial assets and liabilities in accordance with generally accepted accounting principles. For certain of ourCompany’s financial instruments, including cash, accounts payable, accrued expenses, and short-term loansdue to related parties are carried at historical cost. At November 30, 2020 and 2019, the carrying amounts approximateof these instruments approximated their fair values because of the short-term nature of these instruments. The Company values marketable securities as level 1 and are measured at fair value due to their short maturities.(see Note 2).

The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.

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KANGE CORP.

NOTES TO FINANCIAL STATEMENTS

NOVEMBER 30, 2016

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. The Company sustained net losses of $83,132 and used cash in operating activities of $36,526$2,500 for the year ended November 30, 2016.2020. The Company had working capital deficit, stockholders' deficit andan accumulated deficit of $68,405, $68,405 and $620,228, respectively,$1,312,256 at November 30, 2016.2020. These factors raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company'sCompany’s continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue receiving investment capital and loans from thirdrelated parties to sustain its current level of operations. The Company is in the process of securing working capital from investors for common stock, convertible notes payable, and/or strategic partnerships. No assurance can be given that the Company will be successful in these efforts.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of AmericaGAAP 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 statementsstatements. The estimates and judgments will also affect the reported amounts of revenues andfor certain expenses during the reporting period. Actual results could differ from those estimates. Significantthese good faith estimates in the accompanying financial statements include the amortization period for intangible assets, valuation and impairment valuation of intangible assets, depreciable lives of the web site and property and equipment, valuation of warrants and beneficial conversion feature debt discounts, valuation of derivatives, valuation of share-based payments and the valuation allowance on deferred tax assets.judgments.

Reclassifications

Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders' equity as previously reported.

Net Earnings (Loss) Per Share

In accordance with ASC 260-10, "Earnings“Earnings per Share,"” basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share areis computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent sharesperiod, which may dilute future earnings per share consist of convertible notes convertible into 2,851,185 common shares. Equivalent shares are not utilized whenexcluded from the effect is anti-dilutive (see Note 3).computation if anti-dilutive. There are no dilutive or potentially dilutive securities outstanding during the periods presented.

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Income Taxes

KANGE CORP.

NOTES TO FINANCIAL STATEMENTS

NOVEMBER 30, 2016Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The deferred tax assets of the Company relate primarily to operating loss carryforwards for federal income tax purposes. A full valuation allowance for deferred tax assets has been provided because the Company believes it is not more likely than not that the deferred tax asset will be realized. Realization of deferred tax assets is dependent on the Company generating sufficient taxable income in future periods.

EffectThe Company periodically evaluates its tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. As of November 30, 2020 and 2019, the Company has not established a liability for uncertain tax positions.

Recent Accounting Pronouncements

The Company reviews new accounting pronouncements as issued. No new pronouncements had any material effect on these unaudited financial statements. The accounting pronouncements issued subsequent to the date of these unaudited financial statements that were considered significant by management were evaluated for the potential effect on these unaudited financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these unaudited financial statements as presented and does not anticipate the need for any future restatement of these unaudited condensed financial statements because of the retro-active application of any accounting pronouncements issued subsequent to November 30, 20162020 through the date these unaudited financial statements were issued.

NOTE 2 – ASSIGNMENT OF CONTRACTUAL RIGHTSMARKETABLE SECURITIES

We use quoted market prices to determine the fair value of equity securities with readily determinable fair values.

On November 9, 2015, in exchange for 5,000,0001, 2017, the Company executed a stock purchase agreement (the “SPA”) with AMJ Global Entertainment, LLC, a related party and holder of 4,803,195 shares of common stock ofin Patient Access Solutions Inc., a Nevada corporation with ticker symbol “PASO”. Pursuant to the SPA, the Company issued 157,142 shares of common stock in exchange for 1,157,142 shares of Patient Access Solutions Inc. On November 1, 2017, the Company was assigned by AMJ Global, LLC ("AMJ Global"), a company beneficially owned by Dr. Arthur Malone, Jr.,recorded the Company's chief executive officer and director, the contractual rightsshares of AMJ Global pursuant to its agreements with Blabeey,Patient Access Solutions Inc. ("Blabeey"), a mobile App designer focused on social media and messaging. The irrevocable assignment, transferred and conveyed in its entirety to the Company, all of AMJ Global's rights and obligations that are stipulated and set forth in every and all agreements between AMJ Global and Blabeey, including, but not limited to, the agreement between AMJ Global and Blabeey dated October 26, 2015. The transaction was, due to the structure of the agreement, between entities under common control and therefore the amount of the historical cost of the assets, $471,672, was recorded as an expense as there is no fixed and determinable future value, and the expense was recorded as a loss on the acquisition of contractual rights. See Notes 5 and 6.

NOTE 3 – CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES, NET OF DISCOUNTS

Convertible notes payable, net of discounts, all classified as current at November 30, 2016 and November 30, 2015, consists of the following:

Convertible notes to related parties, net of discounts

		November 30, 2016												November 30, 2015
										Principal,												Principal,
						Debt				net of								Debt				net of
		Principal				Discount				Discounts				Principal				Discount				Discounts
AMJ Global, LLC (a)		$	9,935			$	-			$	9,935			$	9,935			$	(9,363	)		$	572
AMJ Global, LLC			18,128				-				18,128				18,128				(16,332	)			1,796
AMJ Global, LLC			19,901				-				19,901				-				-				-
AMJ Global, LLC			6,287				(2,170	)			4,117				-				-				-
Total		$	54,251			$	(2,170	)		$	52,081			$	28,063			$	(25,695	)		$	2,368

_________

(a) Assigned from Victor Stepanov on March 15, 2016.$81,000.

On November 9, 2015,January 13, 2020, the Company executed a convertible promissory notetransaction related to SPA with Victor Stepanov, the former chief executive officer and director of the Company, for $9,935, in exchange for accrued compensation pursuant to his employment agreement with the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. As of November 30, 2016 and 2015, the accrued interest was $1,265 and $72, respectively. The note matures on November 8, 2016. The note has a conversion feature of $0.02 per share. A beneficial conversion feature of $9,935 was recorded and will be accreted monthly from the issuance date of the note through maturity. As of November 30, 2016 and November 30, 2015, $9,935 and $572, respectively, has been recorded as a beneficial conversion feature expense. On March 15, 2016, Mr. Stepanov assigned this convertible promissory note to AMJ Global Entertainment, LLC, ("AMJ Global"). See Notes 5 and 6.was rescinded.

The carrying values and unrealized gain (loss) of our equity securities were included in the following line items in our balance sheets and statements of operations:

KANGE CORP.

NOTES TO FINANCIAL STATEMENTS

NOVEMBER 30, 2016

On November 9, 2015, the Company executed a convertible promissory note with AMJ Global, a company which is beneficially owned by Dr. Arthur Malone, Jr., the chief executive officer and director of the Company, for $18,128. This note was created due to the assignment of the balance due to shareholder (see Note 5), which was assigned to AMJ Global on November 9, 2015. The note bears interest at the rate of 12% per annum, which accrues monthly. As of November 30, 2016 and 2015, the accrued interest was $2,310 and $131, respectively. The note matures on November 8, 2016. The note has a conversion feature of $0.02 per share. A beneficial conversion feature of $18,128 was recorded and was accreted monthly from the issuance date of the note through maturity. As of November 30, 2016 and 2015, $18,128 and $1,796, respectively, has been recorded as a beneficial conversion feature expense. See Note 5.

On February 5, 2016, the Company executed a convertible promissory note with AMJ Global for $19,901. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. As of November 30, 2016, the accrued interest was $1,960. The note matures on February 4, 2017. The note has a conversion feature of $0.02 per share. The underlying stock value at date of issuance was $0.90. A beneficial conversion feature of $19,901 was recorded and was accreted monthly from the issuance date of the note through maturity. As of November 30, 2016, $19,901 has been recorded as a beneficial conversion feature expense. See Note 5.

On April 6, 2016, the Company executed a convertible promissory note with AMJ Global for $6,287. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. As of November 30, 2016, the accrued interest was $493. The note matures on April 6, 2017. The note has a conversion feature of $0.02 per share. The underlying stock value at date of issuance was $2. A beneficial conversion feature of $6,287 was recorded and will be accreted monthly from the issuance date of the note through maturity. As of November 30, 2016, $4,117 has been recorded as a beneficial conversion feature expense. See Note 5.

NOTE 4 – COMMITMENTS AND CONTINGENCIES

Legal Matters

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of November 30, 2016, there were no pending or threatened lawsuits.

NOTE 53 – RELATED PARTY TRANSACTIONS

In support of the Company'sCompany’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are non-interest bearing, considered temporary in nature, and have not been formalized by a promissory note.

On August 16, 2013, our sole directorAt November 30, 2020 and principal shareholder advanced $678 to2019, the Company to fund its initial incorporation with the Nevada Secretary of State. The sole directorowed $16,276 and principal shareholder loaned a further $500 to the Company on October 30, 2013 as working capital. During October 2014, a director had loaned $10,300 to the Company for working capital. During the fiscal year 2015, through November 9, 2015, an additional $6,650 was loaned to the Company. On November 9, 2015, the total for the loan from this director was $18,128 and it was assigned$13,776, respectively, to AMJ Global Entertainment LLC, a companyrelated party controlled by Dr. Arthur Malone, Jr., the Company's chief executive officerCompany’s CEO and director. The Company executed a convertible note payable to AMJ Global for $18,128. This note was createdamount is unsecured, non-interest bearing and due to the assignment of the balance due to shareholder (see Note 3), which was assigned to AMJ Global on November 9, 2015.

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KANGE CORP.

NOTES TO FINANCIAL STATEMENTS

NOVEMBER 30, 2016

On February 5, 2016, the Company executed a convertible promissory note with AMJ Global for $19,901. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. The note matures on June 8, 2016. The note has a conversion feature of $0.02 per share. See Note 3.

On March 15, 2016, Mr. Stepanov assigned his convertible promissory note to AMJ Global. See Note 3.

On April 6, 2016, the Company executed a convertible promissory note with AMJ Global for $6,287. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. The note matures on April 6, 2017. The note has a conversion feature of $0.02 per share. See Note 3.

Indemand. During the year ended November 30, 2016,2020 and 2019, the Company had $10,250received proceeds of general$2,500 and administrative expenses paid by AMJ Global, a company beneficially owned by Dr. Arthur Malone, Jr.,$0, respectively, from the chief executive officer and director of the Company. As of November 30, 2016 and 2015, the Company had accrued expenses to related party balances of $6,029 and $3,504. The Company has not yet agreed to terms for repayment.party.

NOTE 64 – COMMON STOCK

Common Stock

The Company washas authorized to issue up to 75,000,000common shares of common stock,750,000,000, par value $0.001 per share. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, with no pre-emptive rights.

On August 29, 2013,November 1, 2017, the Company issued 3,000,000executed a stock purchase agreement (the “SPA”) with AMJ Global Entertainment, LLC, a related party company controlled by our CEO and director, to purchase 1,157,142 shares of Patient Access Solutions Inc., a Nevada corporation with ticker symbol “PASO” (“PASO”), in consideration of the issuance of 157,142 shares of our common stock for cash proceeds of $3,000 at $0.001 per share.

stock. On September 23, 2013,January 13, 2020, the transaction was rescinded and the Company issued 1,400,000returned 1,157,142 shares of common stock for cash proceeds of $7,000 at $0.005 per share.

On October 17, 2013, the Company issued 1,120,000 shares of common stock for cash proceeds of $11,200 at $0.01 per share.

On November 9, 2015, the Company issued 5,000,000 shares of common stockPatient Access Solutions Inc. back to AMJ Global Entertainment, LLC in exchange for the assignmentcancelling 157,142 shares of the rights AMJ Global holds in regards to the agreement with Blabeey (see Note 3). The Company's stock is thinly traded and there are no other transactions to establish the valuation of the issuance therefore the original historical costs ($471,672) of the assets to be acquired under the contractual rights was recorded as the value of the shares issued as a result of a non-cash transaction between entities under common control. The value per share, based on this transaction, is $0.094. See Notes 3 and 5.

On November 9, 2015, the Company issued 50,000 shares of common stock to Victor Stepanov, the former chief executive officer and director, pursuant to the terms of his employment agreement with the Company. The Company's stock is thinly traded and there are no other transactions to establish the valuation of the issuance therefore the valuation used for the AMJ Global transaction of $0.094 per share was utilized, thus, the value of the services was recorded as $4,700. See Note 5.

There were 10,570,00014,396,323 and 14,553,465 shares of common stock issued and outstanding as of November 30, 2016.2020 and 2019, respectively.

NOTE 75 – INCOME TAXES

For the fiscal year 2015 and 2014, there was no provision for income taxes and deferred tax assets have been entirely offset by valuation allowances.

As of November 30, 2016 and 2015, the Company has net operating loss carry forwards of approximately $108,832 and $25,700, respectively. The carry forwards expire through the year 2036. The Company's net operating loss carry forwards may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code.

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KANGE CORP.

NOTES TO FINANCIAL STATEMENTS

NOVEMBER 30, 2016

The Company'sCompany’s tax expense differs from the "expected"“expected” tax expense for Federal income tax purposes (computed by applying the United States Federal tax rate of 34%21% to loss before taxes), as follows: