Purthanol Resources Limited (PURT) 10-K 18 Jan 23 2022 FY Annual report Financial data

Cover

Cover	12 Months Ended
	Nov. 30, 2022 USD ($) shares
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Nov. 30, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--11-30
Entity File Number	000-33271
Entity Registrant Name	PURTHANOL RESOURCES LIMITED
Entity Central Index Key	0001126162
Entity Tax Identification Number	98-0229951
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	2711 Centreville
Entity Address, Address Line Two	Rd Suite 400
Entity Address, City or Town	Wilmington
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19808
City Area Code	866
Local Phone Number	351-4141
Title of 12(b) Security	Common stock
Trading Symbol	PURT
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	true
Entity Public Float | $	$ 0
Entity Common Stock, Shares Outstanding | shares	244,038,890
Auditor Name	MICHAEL GILLESPIE & ASSOCIATES, PLLC
Auditor Firm ID	6108
Auditor Location	Vancouver, Washington

Balance Sheet

Balance Sheet - USD ($)	Nov. 30, 2022	Nov. 30, 2021
NON-CURRENT ASSETS:
Property, plant and equipment, net	$ 0	$ 0
Total Non-current Assets	0	0
Total Assets	0	0
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	41,277	39,249
Due to related party (Note 3)	901,748	837,984
Total Current Liabilities	943,025	877,233
Total Liabilities	943,025	877,233
SHAREHOLDER'S DEFICIT:
Common shares (Note 5), $0.0001 par value authorized 260,000,000 shares: issued and outstanding 244,038,890 at November 30, 2022 and November 30, 2021.	24,403	24,403
Shares to be issued	0	0
Additional paid in capital	3,242,350	3,242,350
Accumulated deficit	(4,209,778)	(4,143,986)
Total Shareholders' Deficit	(943,025)	(877,233)
Total Liabilities and Shareholders' Deficit	$ 0	$ 0

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical) - $ / shares	Nov. 30, 2022	Nov. 30, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	80,000,000	80,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	260,000,000	260,000,000
Common Stock, Shares, Issued	244,038,890	244,038,890
Common Stock, Shares, Outstanding	244,038,890	244,038,890

Statement of Operations

Statement of Operations - USD ($)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
OPERATING EXPENSES:
Depreciation
Administrative fees	50,000	50,000
Professional fees	13,764	5,000
Brokerage fees	2,028	2,028
Total Operating Expenses	65,792	57,028
LOSS FROM OPERATIONS	(65,792)	(57,028)
NET LOSS BEFORE TAXES	(65,792)	(57,028)
INCOME TAX EXPENSE
NET LOSS	$ (65,792)	$ (57,028)
Basic and diluted weighted average common shares outstanding	244,038,890	244,038,890
Basic and diluted (loss) per common share	$ 0	$ 0

Shareholders Equity (Deficit)

Shareholders Equity (Deficit) - USD ($)	Common Stock [Member]	Share To Be Issued [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Nov. 30, 2020	$ 24,403		$ 3,242,350	$ (4,086,958)	$ (820,205)
Shares, Outstanding, Beginning Balance at Nov. 30, 2020	244,038,890
Shares to be issued		0			0
Net loss 2021				(57,028)	(57,028)
Shares, Outstanding, Ending Balance at Nov. 30, 2021	244,038,890
Ending balance, value at Nov. 30, 2021	$ 24,403	0	3,242,350	(4,143,986)	(877,233)
Net loss 2022				(65,792)	(65,792)
Shares, Outstanding, Ending Balance at Nov. 30, 2022	244,038,890
Ending balance, value at Nov. 30, 2022	$ 24,403	$ 0	$ 3,242,350	$ (4,209,778)	$ (943,025)

Cash flows

Cash flows - USD ($)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) for the year	$ (65,792)	$ (57,028)
Changes in operating assets/liabilities:
Accounts payable and accrued liabilities	2,028	2,028
Net cash used in operating activities	(63,764)	(55,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Due to related parties	63,764	55,000
Net Cash Provided by Financing Activities	63,764	55,000
NET INCREASE (DECREASE) IN CASH RESOURCES
CASH - Beginning of Year
CASH - End of Year
SUPLEMENTAL CASHFLOW DISCLOSURE
CASH paid for interest
CASH paid for income taxes

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
NATURE OF OPERATIONS	NOTE 1 – NATURE OF OPERATIONS PU R T A E UR E MI E f r m r B O T C O P t n ` w i r t e i h S t o D e l a a N v e e 2 b a A p l c t S v v i t E H a 5 u s n e w a l t u c s f l l e 2 i i c i e i t l r i s e u 5 0 C o e t r g e t a r m i s o and its objective was p B f l r i i q t o o t a e S e tember a a u s it o B oc r e e i D 2 C o m p n n a o B i t C P t o o r Lim e e m 3 3 h e o m a h n e p r t n n e a c t 1

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Basis of Presentation The C o p a ol t o a t n n t t t w h f r m U g e a e t u t n i c p e "G A ' T h o p an h l e N e m y e b. Cash and Cash Equivalents The C om n o s i l h g l q u i e tm e t wi r g a ma r e r m n h l s a i d t e s t a u a e i g i q i e tm t l t e m ar c. Use of Estimates The p r r t a c t e m i c f r m c u t n i n r l l e t U n t e A m r i e a e m t m k t i e i t n s u m t h f t am e t a i i i a d c o r o t n g s t n a i i t i a f i c a t e m n t t a m u t o u n e e e i r d s a s c u l d f e r o t i a t i f a im t m a a e m n r l o lo l e a n useful life of fixed asset em e i i t l s h r c s r m a d us t m r s ti e d. Property, Plant and Equipment Property, plant and equipment are recorded at cost less accumulated depreciation and any impairment. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use. Repairs and maintenance costs are normally expensed as incurred. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in the statement of income (loss) in the reporting period of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets. e. Going Concern The C o m a ' n a t t h e e s a i i g o n c r e p e t r ti t a t f t o l i b i i i i t m c b i s C o m p y m n e e i n i ad o a o t n r g p t a n d u f r n n e e a e e d wh p f ri C o l u h o m u i a T r i n u a t Com p w b b i a t t p ff n f. Fair Value of Financial Instruments ASC 8 F a V a u a r e t c l s e n l u i w u ce f e n a p i r l i il i r s t o b t e e r t c p t m e r e m m n a u a a l b q r e mi t d f i C o c r r c p m o a t e m r k i w i w o l r a i i s u m i t m p rt c a t o s w ri n t a b Fa i a H r h ASC 8 2 l i s al u i r t q e t m xim z t o b i m z e a i n w e me a i i al f i i r u m t r t wi h t f i h i h i a s u o t l o w l e i i i g i f a f i l m s r e m e t 8 a l i h t r l e l o p t t a b m a r f a l Lev e p l s t a li a i i t e w i o t e r e i m k t i d a l i b lu t o b s o q t i t r d g r a i a l m n t i i n a gm t Lev e p t e t a li a i i t e w h t a o e e v l i n t c i m la b l e i i ma t e i i e a s t o l a i i m wi i s ff i u i r e e n r t i n s i t e d r i e l u t o i w h s n i i p t a s r b l r e p n i r o m o t e v b m r Lev e tr u e t u i m a ge m j ud n u j v m p v i r u e t a • D r m n i in r u e t m o a in t m b i c i r a e m e i e t a o m r e a s o p t m at r i i u r i t n n i r u e a n u j e l s l i d v d s r m u p l s t r e e e i m t t r i n c • D r m n w h r i o n i t v i r a e m d m t Lev e p l a s t b i i ti w h c u o r v b i p t al u t o l g t a i n c h m e r e m f a v l u C o m a b l e v l i i n i i r u e t t e i t n o i d t b l c e t c s i u t a n e p s p o i e a u l m r t n tr u e t g . Earnings (Lo s h r The C om om t i c o o e h i c r n w i t A S 2 E arn i p S p f o m p t t o ti a i c o s u e m e t e n s e h f e wi p b l h l co m m o T n a a e o A S 6 ff t N ve m 9 n t n Ba s e n g l s h o t i i i o b w e g e a um o m o o ta i D e n n g l o am r i ( s s u t t a t e om a n h . Income Taxes We account for income taxes in accordance with ASC 740 - Income Taxes, which requires us to provide a net deferred tax asset/liability equal to the expected future tax benefit/expense of temporary reporting differences between book and tax accounting methods and any available operating loss or tax credit carry forwards. Tax law and rate changes are reflected in income in the period such changes are enacted. We record a valuation allowance to reduce the deferred tax assets to the amount that is more likely than not to be realized. We include interest and penalties related to income taxes, including unrecognized tax benefits, within the provision for income taxes. Our income tax returns are based on calculations and assumptions that are subject to examination by the Internal Revenue Service and other tax authorities. In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. While we believe we have appropriate support for the positions taken on our tax returns, we regularly assess the potential outcomes of examinations by tax authorities in determining the adequacy of our provision for income taxes. We continually assess the likelihood and amount of potential adjustments and adjust the income tax provision, income taxes payable and deferred taxes in the period in which the facts that give rise to a revision become known. i . Long-lived Assets We follow ASC 360-10-15-3, Impairment or Disposal of Long-lived Assets, which established a “primary asset” approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Recent Accounting Standards The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

DUE TO RELATED PARTY

DUE TO RELATED PARTY	12 Months Ended
	Nov. 30, 2022
Related Party Transactions [Abstract]
DUE TO RELATED PARTY	NOTE 3 - DUE TO RELATED PARTY The am oun u t t l e a 901,748 a n 837,984 r e el f 02 n 21 hi p r en u a np a n ge e u la fe $ 50,000 we t t 13,764

INCOME TAXES

INCOME TAXES	12 Months Ended
	Nov. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 4 - INCOME TAXES Income Taxes Our Company has not filed any federal income tax returns and we are currently not subject to state income tax filing requirements. As of November 30, 2022, we have net operating loss carry forwards, on a book basis, of $4,208, 578 which may be available to reduce various future years' federal taxable income. Future tax benefits which may result from these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, we have recorded a valuation allowance for the deferred tax asset relating to the net operating loss carry forwards. The following table presents the current income tax provision for federal and state income taxes for the years ended November 30, 2022 and 2021: Schedule of Components of Income Tax Expense (Benefit) Current tax provisions: 2022 2021 Federal $ — $ — State $ — $ — Total provision for income taxes $ — $ — Schedule of Effective Income Tax Rate Reconciliation Reconciliations of the U.S. federal statutory rate to the actual tax rate for the years ended November 30, 2021 and 2020: Schedule of Effective Income Tax Rate Reconciliation 2022 2021 US federal statutory income tax rate 21.00 % 21.00 % Increase in valuation reserve -21.00 % -21.00 % Total provision for income taxes 0.00 % 0.00 % The components of our deferred tax assets as of November 30, 2021 and 2020 consisted of the following: Schedule of Deferred Tax Assets and Liabilities 2022 2021 Net operating losses carry forwards $ 4,209,778 $ 4,143,986 Less: valuation allowance $ (4,209,778 ) $ (4,143,986 ) Net deferred tax assets $ — $ — During the year ended November 30, 2022, the valuation reserve increased $ 65,792 57,028 As noted above, we have not filed any federal tax returns, but we plan on bringing our tax filings current as soon as it is practical.

RESTATEMENT (Tables)

RESTATEMENT (Tables)	12 Months Ended
	Nov. 30, 2022
Subsequent Events [Abstract]
Schedule of Segment Reporting Information, by Segment	Schedule of Segment Reporting Information, by Segment 30-Nov-21 Balance Sheet: As Reported Adjustment As Restated Property, plant, equipment $ 120,833 $ 129,167 $ 250,000 $ -250,000 $ -250,000 Total assets $ 120,833 $ -120,833 $ 0 Accounts payable and accrued liabilities $ 40,449 $ -1,200 $ 39,249 Due to related party 832,984 5,000 837,984 Total liabilities $ 873,433 $ 3,800 $ 877,233 Shares to be issued $ 250,000 $ -250,000 $ 0 Common shares 24,403 — 24,403 Additional paid-in capital $ 3,325,233 $ -82,883 $ 3,242,350 Accumulated deficit $ -4,352,236 $ 208,250 $ -4,143,986 Total Stockholders’ Equity $ -752,600 $ -124,583 $ -877,233 Total liabilities and stockholders’ equity $ 120,833 $ -120,833 $ 0
Quarterly Financial Information	Quarterly Financial Information For the year ended November 30, 2021 As Reported Adjustment As Restated OPERATING EXPENSES Professional fees $ — $ 5,000 $ 5,000 Depreciation 50,000 50,000 0 Administrative Fees 50,000 50,000 Brokerage fees 2,028 2,028 Regulatory Expense Total Operating Expenses $ 102,028 $ -45.000 $ 57,028 OTHER INCOME (EXPENSE) Interest expense $ 29,154 $ 29,154 0 Total Other Income (Expense) NET LOSS $ 131,182 $ -74,154 $ 57,028
Quarterly Financial Information Equity	Quarterly Financial Information Equity Common Stock Shares Additional Paid in Accumulated Shares Amount To be Issued Capital Deficit Total Balance as of November 30, 2019 244,038,890 $ 24,403 $ 250,000 $ 3,268,328 $ (4,059,275 ) $ (488,793 ) Imputed interest $ 27,751 Net loss 2020 - - (161,779 ) (161,779 ) Balance as of November 30, 2020 244,038,890 $ 24,403 $ 250,000 $ 3,296,079 $ (4,221,054 ) $ (650,572 ) Imputed Interest $ 29,154 Net loss 2021 (131,182 ) (131,182 ) Balance as of November 30, 2021 244,038,890 $ 24,403 $ 250,0000 $ 3,325,233 $ (4,352,236 ) $ (752,600 )
Quarterly Financial Information Equity Restated	Quarterly Financial Information Equity Restated Common Stock Shares Additional Paid in Capital Accumulated Deficit Shares Amount To be Issued Total Balance as of November 30, 2019 244,038,890 $ 24,403 $ 0 $ 3,242,350 $ (4,004,130 ) $ (737,377 )) Shares to be issued $ 0 0 Net loss 2020 ___________ $ (82,828 ) (82,828 ) Balance as of November 30, 2020 244,038,890 $ 24,403 $ 0 $ 3,242,350 $ (4,086,958 ) $ (820,205 ) Net loss 2021 (57,028 ) (57,028 ) Balance as of November 30, 2021 244,038,890 $ 24,403 $ 0 $ 3,242,350 $ (4,143,986 ) $ (877,233 )

Income Taxes (Detail)

Income Taxes (Detail) - USD ($)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Current tax provisions:
Federal
State
Total provision for income taxes

Income Taxes (Detail 1)

Income Taxes (Detail 1)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Income Tax Disclosure [Abstract]
US federal statutory income tax rate	21%	21%
Increase in valuation reserve	(21.00%)	(21.00%)
Total provision for income taxes	0%	0%

STATEDCAPITAL

STATEDCAPITAL	12 Months Ended
	Nov. 30, 2022
Earnings Per Share [Abstract]
STATEDCAPITAL	NOTE 5 – STATEDCAPITAL A u d 260,000,000 o o o m a e 80,000,000 e r h a 4 8 o m n a o e 0 There are 80,000,000 authorized preferred shares with a par value of $0.0001 that are non voting in terms of rights No preferred shares have been issued to date and there are 0 preferred shares outstanding as of November 30, 2022 and November 30, 2021, respectively.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Nov. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 6 – SUBSEQUENT EVENT No events have occurred subsequent to the balance sheet date and through the date of this filing that would require adjustment to or disclosure in the financial statements. The same types of adjustments were made for the year ended November 30, 2022, reflecting the same above rules and principles in accordance with US GAAP.

RESTATEMENT

RESTATEMENT	12 Months Ended
	Nov. 30, 2022
Restatement
RESTATEMENT	NOTE 7 - RESTATEMENT Adjustments were made for the year ended November 30, 2021 to reflect the rules and principles in accordance with US GAAP. The balance sheet for the year ended November 30, 2021 was restated. Property Plant and Equipment was debited In the amount of $129,167 to reverse total accumulated depreciation. Property Plant and Equipment was credited by $250,000. Total Assets as a result of these adjustments were credited by $120,833. Accounts payable and accrued liabilities were debited by $1200 because of November 30 2020 foreign exchange adjustments being carried forward as mentioned earlier. Due to related party was credited by $5000 to take into consideration fees paid to Ron McIntyre which were paid personally by CEO Leonard Stella. Total liabilities were credited by $3,800 as a result of these adjustments to the liabilities in the Balance Sheet of November 30, 2021. Shares to be issued in amount of $250,000 US were debited since the payment in the form of Shares to be issued was never satisfied for the purchase of equipment as can be seen in the section Shareholders Equity of the Balance Sheet as of November 30, 2021. Additional paid in capital was debited for a total of $82,883 as a result of adding $29,154 in imputed interest for the year ended November 30,2021 to $53,729 as of November 30, 2020 bringing the value of Additional Paid in Capital to $3,242,350. Accumulated Deficit was reduced and credited by $208,250 taking into account adjustment of credit of $74,154 for the year ended November 30, 2021. Accumulated adjustment of $134,096 in 2020 plus $74,154 equals $208,250. Total Liabilities and Shareholders’ Equity was debited by $120,833 for the restated Balance Sheet as of November 30, 2021. The Statement of Operations for the year ended November 30, 2021 was restated to adjust for the following corrections. Professional fees of $5000 were debited for the Legal fees paid to Ron McIntyre in the amount of $5,000 by CEO. Depreciation expense of $50,000 was credited. Interest expense of $29,154 for year ended November 30, 2021 was credited from Statement of Operations and Total Net Loss as a result of these adjustments was reduced by $79,154. The tables below summarize the detailed adjustments for the year ended November 30, 2021. The following table summarizes changes made to November 30, 2021 balance sheet Schedule of Segment Reporting Information, by Segment 30-Nov-21 Balance Sheet: As Reported Adjustment As Restated Property, plant, equipment $ 120,833 $ 129,167 $ 250,000 $ -250,000 $ -250,000 Total assets $ 120,833 $ -120,833 $ 0 Accounts payable and accrued liabilities $ 40,449 $ -1,200 $ 39,249 Due to related party 832,984 5,000 837,984 Total liabilities $ 873,433 $ 3,800 $ 877,233 Shares to be issued $ 250,000 $ -250,000 $ 0 Common shares 24,403 — 24,403 Additional paid-in capital $ 3,325,233 $ -82,883 $ 3,242,350 Accumulated deficit $ -4,352,236 $ 208,250 $ -4,143,986 Total Stockholders’ Equity $ -752,600 $ -124,583 $ -877,233 Total liabilities and stockholders’ equity $ 120,833 $ -120,833 $ 0 The following table summarizes changes made to the year ended November 30, 2021 Statement of Operations. Quarterly Financial Information For the year ended November 30, 2021 As Reported Adjustment As Restated OPERATING EXPENSES Professional fees $ — $ 5,000 $ 5,000 Depreciation 50,000 50,000 0 Administrative Fees 50,000 50,000 Brokerage fees 2,028 2,028 Regulatory Expense Total Operating Expenses $ 102,028 $ -45.000 $ 57,028 OTHER INCOME (EXPENSE) Interest expense $ 29,154 $ 29,154 0 Total Other Income (Expense) NET LOSS $ 131,182 $ -74,154 $ 57,028 Quarterly Financial Information Equity Common Stock Shares Additional Paid in Accumulated Shares Amount To be Issued Capital Deficit Total Balance as of November 30, 2019 244,038,890 $ 24,403 $ 250,000 $ 3,268,328 $ (4,059,275 ) $ (488,793 ) Imputed interest $ 27,751 Net loss 2020 - - (161,779 ) (161,779 ) Balance as of November 30, 2020 244,038,890 $ 24,403 $ 250,000 $ 3,296,079 $ (4,221,054 ) $ (650,572 ) Imputed Interest $ 29,154 Net loss 2021 (131,182 ) (131,182 ) Balance as of November 30, 2021 244,038,890 $ 24,403 $ 250,0000 $ 3,325,233 $ (4,352,236 ) $ (752,600 ) Statement of Shareholders Equity ( Deficit) for the year ended November 30,2020 and November 30,2021 was corrected and restated. To take into account the following adjustments: Shares to be issued in amount of $250,000 was reversed to become zero, because shares were never issued, Additional Paid in Capital was debited by $82,833 to correct and cancel imputed interest on amount due to related party. Additional paid in Capital went from $3,325,233 to $3,242,350 as we can see on restated Statement of Equity (Deficit). Accumulated Deficit went from $ 4,352, 236 to $ 4,143,986 to correct for net loss in 2020 and net loss in 2021, respectively. Net loss in 2020 went down from $161,779 to $82,828. And Net loss in 2021 went from $131,182 to $57,028, due to reversal of depreciation, reversal of interest expense, adjustment for professional fees, and correction of regulatory expense because of foreign exchange. Total Shareholders’ Deficit went from $650,572 in 2020 to $ 820,205 due to all of the above cumulative changes and corrections. Total Shareholders’ Deficit went from $752,600 in 2021 to $ 877,233 due to all of the above cumulative changes and corrections. Please see below the Restated Statement of Shareholders Equity ( Deficit) for years ended November 30,2021 and November 30, 2020. PURTHANOL RESOURCES LIMITED. Statement of Shareholder’s Equity (Deficit) for the Years Ended November 30, 2021, and 2020 (Restated) Quarterly Financial Information Equity Restated Common Stock Shares Additional Paid in Capital Accumulated Deficit Shares Amount To be Issued Total Balance as of November 30, 2019 244,038,890 $ 24,403 $ 0 $ 3,242,350 $ (4,004,130 ) $ (737,377 )) Shares to be issued $ 0 0 Net loss 2020 ___________ $ (82,828 ) (82,828 ) Balance as of November 30, 2020 244,038,890 $ 24,403 $ 0 $ 3,242,350 $ (4,086,958 ) $ (820,205 ) Net loss 2021 (57,028 ) (57,028 ) Balance as of November 30, 2021 244,038,890 $ 24,403 $ 0 $ 3,242,350 $ (4,143,986 ) $ (877,233 ) The impact of changes and corrections of errors does not affect the end result of cash flows. Net increase in cash resources remains the same. Cash at beginning and end of year remains zero for the year ended November 30, 2020.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	a. Basis of Presentation The C o p a ol t o a t n n t t t w h f r m U g e a e t u t n i c p e "G A ' T h o p an h l e N e m y e
Cash and Cash Equivalents	b. Cash and Cash Equivalents The C om n o s i l h g l q u i e tm e t wi r g a ma r e r m n h l s a i d t e s t a u a e i g i q i e tm t l t e m ar
Use of Estimates	c. Use of Estimates The p r r t a c t e m i c f r m c u t n i n r l l e t U n t e A m r i e a e m t m k t i e i t n s u m t h f t am e t a i i i a d c o r o t n g s t n a i i t i a f i c a t e m n t t a m u t o u n e e e i r d s a s c u l d f e r o t i a t i f a im t m a a e m n r l o lo l e a n useful life of fixed asset em e i i t l s h r c s r m a d us t m r s ti e
Property, Plant and Equipment	d. Property, Plant and Equipment Property, plant and equipment are recorded at cost less accumulated depreciation and any impairment. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use. Repairs and maintenance costs are normally expensed as incurred. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in the statement of income (loss) in the reporting period of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets.
Going Concern	e. Going Concern The C o m a ' n a t t h e e s a i i g o n c r e p e t r ti t a t f t o l i b i i i i t m c b i s C o m p y m n e e i n i ad o a o t n r g p t a n d u f r n n e e a e e d wh p f ri C o l u h o m u i a T r i n u a t Com p w b b i a t t p ff n
Fair Value of Financial Instruments	f. Fair Value of Financial Instruments ASC 8 F a V a u a r e t c l s e n l u i w u ce f e n a p i r l i il i r s t o b t e e r t c p t m e r e m m n a u a a l b q r e mi t d f i C o c r r c p m o a t e m r k i w i w o l r a i i s u m i t m p rt c a t o s w ri n t a b Fa i a H r h ASC 8 2 l i s al u i r t q e t m xim z t o b i m z e a i n w e me a i i al f i i r u m t r t wi h t f i h i h i a s u o t l o w l e i i i g i f a f i l m s r e m e t 8 a l i h t r l e l o p t t a b m a r f a l Lev e p l s t a li a i i t e w i o t e r e i m k t i d a l i b lu t o b s o q t i t r d g r a i a l m n t i i n a gm t Lev e p t e t a li a i i t e w h t a o e e v l i n t c i m la b l e i i ma t e i i e a s t o l a i i m wi i s ff i u i r e e n r t i n s i t e d r i e l u t o i w h s n i i p t a s r b l r e p n i r o m o t e v b m r Lev e tr u e t u i m a ge m j ud n u j v m p v i r u e t a • D r m n i in r u e t m o a in t m b i c i r a e m e i e t a o m r e a s o p t m at r i i u r i t n n i r u e a n u j e l s l i d v d s r m u p l s t r e e e i m t t r i n c • D r m n w h r i o n i t v i r a e m d m t Lev e p l a s t b i i ti w h c u o r v b i p t al u t o l g t a i n c h m e r e m f a v l u C o m a b l e v l i i n i i r u e t t e i t n o i d t b l c e t c s i u t a n e p s p o i e a u l m r t n tr u e t
g. Earnings (Loss) Per Share	g . Earnings (Lo s h r The C om om t i c o o e h i c r n w i t A S 2 E arn i p S p f o m p t t o ti a i c o s u e m e t e n s e h f e wi p b l h l co m m o T n a a e o A S 6 ff t N ve m 9 n t n Ba s e n g l s h o t i i i o b w e g e a um o m o o ta i D e n n g l o am r i ( s s u t t a t e om a n
Income Taxes	h . Income Taxes We account for income taxes in accordance with ASC 740 - Income Taxes, which requires us to provide a net deferred tax asset/liability equal to the expected future tax benefit/expense of temporary reporting differences between book and tax accounting methods and any available operating loss or tax credit carry forwards. Tax law and rate changes are reflected in income in the period such changes are enacted. We record a valuation allowance to reduce the deferred tax assets to the amount that is more likely than not to be realized. We include interest and penalties related to income taxes, including unrecognized tax benefits, within the provision for income taxes. Our income tax returns are based on calculations and assumptions that are subject to examination by the Internal Revenue Service and other tax authorities. In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. While we believe we have appropriate support for the positions taken on our tax returns, we regularly assess the potential outcomes of examinations by tax authorities in determining the adequacy of our provision for income taxes. We continually assess the likelihood and amount of potential adjustments and adjust the income tax provision, income taxes payable and deferred taxes in the period in which the facts that give rise to a revision become known.
Long-lived Assets	i . Long-lived Assets We follow ASC 360-10-15-3, Impairment or Disposal of Long-lived Assets, which established a “primary asset” approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.
Recent Accounting Standards	Recent Accounting Standards The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Schedule of Components of Income Tax Expense (Benefit) Current tax provisions: 2022 2021 Federal $ — $ — State $ — $ — Total provision for income taxes $ — $ —
Schedule of Deferred Tax Assets and Liabilities	Schedule of Effective Income Tax Rate Reconciliation 2022 2021 US federal statutory income tax rate 21.00 % 21.00 % Increase in valuation reserve -21.00 % -21.00 % Total provision for income taxes 0.00 % 0.00 % The components of our deferred tax assets as of November 30, 2021 and 2020 consisted of the following: Schedule of Deferred Tax Assets and Liabilities 2022 2021 Net operating losses carry forwards $ 4,209,778 $ 4,143,986 Less: valuation allowance $ (4,209,778 ) $ (4,143,986 ) Net deferred tax assets $ — $ —
Schedule of Deferred Tax Assets and Liabilities	Schedule of Deferred Tax Assets and Liabilities 2022 2021 Net operating losses carry forwards $ 4,209,778 $ 4,143,986 Less: valuation allowance $ (4,209,778 ) $ (4,143,986 ) Net deferred tax assets $ — $ —

DUE TO RELATED PARTY (Details N

DUE TO RELATED PARTY (Details Narrative) - USD ($)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Related Party Transactions [Abstract]
Due to Related Parties	$ 901,748	$ 837,984
Management fee	50,000
Professional fee	$ 13,764	$ 5,000

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	Nov. 30, 2022	Nov. 30, 2021
Income Tax Disclosure [Abstract]
Net operating losses carry forwards	$ 4,209,778	$ 4,143,986
Less: valuation allowance	(4,209,778)	(4,143,986)
Net deferred tax assets

Income Taxes (Detail 1) (Detail

Income Taxes (Detail 1) (Details Narrative) - USD ($)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Income Tax Disclosure [Abstract]
Valuation Allowance, Deferred Tax Asset, Increase	$ 65,792	$ 57,028

STATEDCAPITAL (Details Narrativ

STATEDCAPITAL (Details Narrative) - shares	Nov. 30, 2022	Nov. 30, 2021
Earnings Per Share [Abstract]
Common Stock, Shares Authorized	260,000,000	260,000,000
Preferred Stock, Shares Authorized	80,000,000	80,000,000

RESTATEMENT (Details)

RESTATEMENT (Details) - USD ($)	Nov. 30, 2022	Nov. 30, 2021
Property, plant, equipment	$ 0	$ 0
Total assets	0	0
Accounts payable and accrued liabilities	41,277	39,249
Total liabilities	943,025	877,233
Additional paid-in capital	3,242,350	3,242,350
Accumulated deficit	(4,209,778)	(4,143,986)
Total Stockholders’ Equity	(943,025)	(877,233)
Total liabilities and stockholders’ equity	$ 0	0
Previously Reported [Member]
Property, plant, equipment		120,833
Total assets		120,833
Accounts payable and accrued liabilities		40,449
Due to related party		832,984
Total liabilities		$ 873,433
Shares to be issued		250,000
Common shares		$ 24,403
Additional paid-in capital		3,325,233
Accumulated deficit		(4,352,236)
Total Stockholders’ Equity		(752,600)
Total liabilities and stockholders’ equity		120,833
Revision of Prior Period, Adjustment [Member]
Property, plant, equipment		129,167
Total assets		(120,833)
Accounts payable and accrued liabilities		(1,200)
Due to related party		5,000
Total liabilities		$ 3,800
Shares to be issued		(250,000)
Common shares
Additional paid-in capital		(82,883)
Accumulated deficit		208,250
Total Stockholders’ Equity		(124,583)
Total liabilities and stockholders’ equity		(120,833)
As Restated [Member]
Property, plant, equipment		250,000
Total assets		0
Accounts payable and accrued liabilities		39,249
Due to related party		837,984
Total liabilities		$ 877,233
Shares to be issued		0
Common shares		$ 24,403
Additional paid-in capital		3,242,350
Accumulated deficit		(4,143,986)
Total Stockholders’ Equity		(877,233)
Total liabilities and stockholders’ equity		$ 0

RESTATEMENT (Details 1)

RESTATEMENT (Details 1) - USD ($)	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2020
OPERATING EXPENSES Professional fees	$ 13,764	$ 5,000
Depreciation
Brokerage fees	2,028	2,028
Total Operating Expenses	$ 65,792	57,028
OTHER INCOME (EXPENSE)
NET LOSS			$ (161,779)
Previously Reported [Member]
OPERATING EXPENSES Professional fees
Depreciation		50,000
Administrative Fees		50,000
Brokerage fees		2,028
Total Operating Expenses		102,028
OTHER INCOME (EXPENSE)
Interest expense		29,154
NET LOSS		131,182
Revision of Prior Period, Adjustment [Member]
OPERATING EXPENSES Professional fees		5,000
Depreciation		50,000
Total Operating Expenses		(45)
OTHER INCOME (EXPENSE)
Interest expense		29,154
NET LOSS		(74,154)
As Restated [Member]
OPERATING EXPENSES Professional fees		5,000
Depreciation		0
Administrative Fees		50,000
Brokerage fees		2,028
Total Operating Expenses		57,028
OTHER INCOME (EXPENSE)
Interest expense		0
NET LOSS		$ 57,028

Quarterly Financial Information

Quarterly Financial Information Equity (Details) - USD ($)	12 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Balance as of November 30,   2019	$ (650,572)	$ (488,793)
Net loss 2020		(161,779)
Balance as of November 30, 2021	(752,600)	(650,572)
Net loss 2021		(131,182)
Common Stock [Member]
Balance as of November 30,   2019	$ 24,403	$ 24,403
Shares, Outstanding, Beginning Balance	244,038,890	244,038,890
Net loss 2020
Balance as of November 30, 2021	$ 24,403	$ 24,403
Shares, Outstanding, Ending Balance	244,038,890	244,038,890
Share To Be Issued [Member]
Balance as of November 30,   2019	$ 250,000	$ 250,000
Net loss 2020
Balance as of November 30, 2021	250	250,000
Additional Paid-in Capital [Member]
Balance as of November 30,   2019	3,296,079	3,268,328
Imputed interest		27,751
Balance as of November 30, 2021	3,325,233	3,296,079
Imputed Interest		29,154
Retained Earnings [Member]
Balance as of November 30,   2019	(4,221,054)	(4,059,275)
Net loss 2020		(161,779)
Balance as of November 30, 2021	$ (4,352,236)	(4,221,054)
Net loss 2021		$ (131,182)