| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES Revenue Recognition The Company recognizes revenue in accordance
with ASC subtopic 605-10, Revenue Recognition ("ASC 605-10") which requires that four basic criteria must be met before
revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is
fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's
judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions
for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period
the related sales are recorded. ASC 605-10 incorporates ASC subtopic 605-25,
Multiple-Element Arrangements ("ASC 605-25"). ASC 605-25 addresses accounting for arrangements that may involve the
delivery or performance of multiple products, services and/or rights to use assets. The effect of implementing 605-25 on the Company's
financial position and results of operations was not significant because of its non-operating status. Cost of Sales The cost of sales consists of the cost
of material, labor, equipment depreciation and other direct and indirect costs associated with the cost of revenues. Use of estimates The preparation of financial statements
in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities,
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. Significant estimates include the recoverability and useful lives of long-lived assets, the
fair value of the Company's stock, stock-based compensation, fair values relating to derivative liabilities and the valuation
allowance related to deferred tax assets. Actual results may differ from these estimates. Cash and Cash Equivalents For purposes of the statements of cash
flows, cash and cash equivalents include cash on hand and demand deposits held by banks. Concentrations of Credit Risk Financial instruments and related items,
which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company
places its cash and temporary cash investments with credit quality institutions. At times, such amounts may be in excess of the
FDIC insurance limit. At November 30, 2018, and November 30, 2017, the Company did not have operating bank accounts
during fiscal years then ended. Property and Equipment Property and equipment are stated at cost
and depreciated using the straight-line method over their estimated useful lives of 3 to 5 years. When retired or otherwise disposed,
the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any
amount realized from disposition, is reflected in earnings. Goodwill The Company accounts for and reports acquired
goodwill and other intangible assets under ASC subtopic 350-10, Intangibles, Goodwill and Other ("ASC 350-10"). In
accordance with ASC 350-10, the Company tests its intangible assets for impairment on an annual basis and when there is reason
to suspect that their values have been diminished or impaired. Any write-downs will be included in results from operations. Impairment of long-lived assets The Company has adopted ASC subtopic 360-10,
Property, Plant and Equipment ("ASC 360-10"). ASC 360-10 requires that long-lived assets and certain identifiable intangibles
held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable. Events relating to recoverability may include significant unfavorable changes in business
conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability
of long-lived assets based upon forecasted, undiscounted cash flows. Should impairment in value be indicated, the carrying value
of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition
of the asset. ASC 360-10 also requires assets to be disposed of is reported at the lower of the carrying amount or the fair value
less costs to sell. At September 30, 2019 and December 31, 2018, the Company reported loss on impairment of mineral rights assets
of $0 and $1,249,600 respectively. Fair Value ASC subtopic 825-10, Financial Instruments
("ASC 825-10") requires disclosure of the fair value of certain financial instruments. The carrying value of cash and
cash equivalents, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate
fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities
and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information
relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair
values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent
to fair value has been disclosed. The Company follows ASC subtopic 820-10,
Fair Value Measurements and Disclosures ("ASC 820-10") and ASC subtopic 825-10, Financial Instruments ("ASC 825-10"),
which permits entities to choose to measure many financial instruments and certain other items at fair value. Derivative Instrument Liability The Company accounts for derivative instruments
in accordance with ASC 815, which establishes accounting and reporting standards for derivative instruments and hedging activities,
including certain derivative instruments embedded in other financial instruments or contracts and requires recognition of all derivatives
on the balance sheet at fair value, regardless of hedging relationship designation. Accounting for changes in fair value of the
derivative instruments depends on whether the derivatives qualify as hedge relationships and the types of relationships designated
are based on the exposures hedged. At November 30, 2018 and 17, the Company did not have any derivative instruments that were designated
as hedges. Segment Information ASC subtopic Segment Reporting 280-10 ("ASC
280-10") establishes standards for reporting information regarding operating segments in annual financial statements and
requires selected information for those segments to be presented in interim financial reports issued to stockholders. ASC 280-10
also establishes standards for related disclosures about products and services and geographic areas. Operating segments are identified
as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating
decision maker, or decision-making group, in making decisions how to allocate resources and assess performance. The information
disclosed herein materially represents all of the financial information related to the Company's only principal non-operating
segment. Income Taxes The Company follows ASC subtopic 740-10,
Income Taxes ("ASC 740-10") for recording the provision for income taxes. Deferred tax assets and liabilities are computed
based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal
tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or
benefits are based on the changes in the asset or liability during each period. If available evidence suggests that it is more
likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to
reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance
are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary
differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current
or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising
from temporary differences that are not related to an asset or liability are classified as current or non-current depending on
the periods in which the temporary differences are expected to reverse and are considered immaterial. The Company only updates the temporary
difference related to its net operating loss and accumulated valuation allowance on an annual basis from its year end filing at
November 30. Stock Based Compensation The Company measures the cost of services
received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the
fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally re-measured
on vesting dates and interim financial reporting dates until the service period is complete. The fair value amount is then recognized
over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based
compensation expense is recorded by the Company in the same expense classifications in the statements of operations, as if such
amounts were paid in cash. The Company did not issue stock options, nor did the Company issue stock for services during fiscal
years ended November 30, 2018 and 2017. Recent Accounting Pronouncements In July 2015, the Financial Accounting
Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-11, "Simplifying the Measurement of Inventory,"
Topic 330, "Inventory" (ASU 2015-11). The amendments in ASU 2015-11, which apply to inventory that is measured using
any method other than the last-in, first-out (LIFO) or retail inventory method, require that entities measure inventory at the
lower of cost and net realizable value. The amendments in ASU 2015-11 should be applied on a prospective basis. ASU 2015-11 is
effective for fiscal years beginning after December 15, 2016 and interim periods within those years. The Company adopted the amendments
of ASU 2015-11 effective October 1, 2017. The adoption of this standard did not have a material impact on the Company's consolidated
financial statements for the year ended November 30, 2018. In March 2016, the FASB issued ASU 2016-09,
"Improvements to Employee Share-Based Payment Accounting," Topic 718, "Compensation-Stock Compensation"
(ASU 2016-09). ASU 2016-09 includes provisions intended to simplify various aspects related to how share-based payments are accounted
for and presented in the Company's financial statements, including income tax consequences, forfeitures and classification
on the statement of cash flows. Under previous guidance, excess tax benefits and deficiencies from share-based compensation arrangements
were recorded in equity when the awards vested or were settled. ASU 2016-09 requires prospective recognition of excess tax benefits
and deficiencies in income tax expense, rather than paid-in-capital. The Company adopted the amendments of ASU 2016-09 effective
October 1, 2017.The adoption of this standard did not have a material impact on the Company's consolidated statements of
income for the year ended November 30, 2018. In addition, under ASU 2016-09, excess
tax income tax benefits from share-based compensation arrangements are classified as cash flow from operations, rather than as
cash flow from financing activities. For the year ended November 30, 2018, there were no excess income tax benefits. The Company has elected to continue to
estimate the number of share-based awards expected to vest, as permitted by ASU 2016-09, rather than electing to account for forfeitures
as they occur. ASU 2016-09 requires excess tax benefits
and deficiencies to be prospectively excluded from assumed future proceeds in the calculation of diluted shares, resulting in an
immaterial decrease in diluted weighted average shares outstanding for the year ended November 30, 2018. In January 2017, the FASB issued ASU 2017-04,
"Simplifying the Test for Goodwill Impairment," Topic 350, "Intangibles – Goodwill and Other" (ASU
2017-04). The amendments in ASU 2017-04 simplify the accounting for goodwill impairment for all entities by requiring impairment
charges to be based on the first step in the current two-step impairment test. An impairment charge for the amount by which the
carrying amount exceeds the reporting unit's fair value should be recognized; however, the loss recognized should not exceed
the total amount of goodwill allocated to that reporting unit. The amendments should be applied on a prospective basis. Early adoption
is permitted for annual and interim goodwill impairment testing dates after January 1, 2017, and the ASU is effective for the Company's
first quarter of the fiscal year ending September 30, 2020. The Company is currently evaluating the impact that the adoption of
these provisions will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02,
"Leases," Topic 842, "Leases" (ASU 2016-02). ASU No. 2016-02 requires lessees to recognize a right-of-use
asset and corresponding lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation
of expenses will depend on classification as a finance or operating lease. ASU 2016-02 also requires certain quantitative and qualitative
disclosures. The provisions of ASU 2016-02 are effective for the Company's first quarter of the fiscal year ending September
30, 2020, with early adoption permitted. The Company will apply the transition provisions of ASU 2016-02 at its adoption date,
rather than the earliest comparative period presented in the financial statements, as permitted by ASU 2018-11, "Leases,"
Topic 842, "Targeted Improvements," released in July 2018. The adoption of ASU 2016-02 may result
in a material increase to the Company's consolidated balance sheets for lease liabilities and right-of-use assets. The Company
is also performing a comprehensive review of its current processes to determine and implement changes required to support the adoption
of this standard. The Company is currently evaluating the other effects the adoption of ASU 2016-02 will have on its consolidated
financial statements, once the Company becomes an operating Company in Fiscal Year Ended November 30, 2020. In January 2018, the FASB issued ASU 2018-01,
"Leases," Topic 842, "Land Easement Practical Expedient for Transition to Topic 842" (ASU 2018-01). ASU
2018-01 permits an entity to elect a transition practical expedient to not assess, under Accounting Standards Codification (ASC)
842, land easements that exist or expired before the standard's effective date that were not previously accounted for as
leases under ASC 840. The Company plans to elect this practical expedient in implementing ASU 2016-02. In May 2014, the FASB issued ASU 2014-09,
"Revenue from Contracts with Customers," Topic 606, "Revenue from Contracts with Customers" (ASU 2014-09).
ASU 2014-09 provides guidance for revenue recognition and will replace most existing revenue recognition guidance in GAAP when
it becomes effective. ASU 2014-09's core principle is that a company will recognize revenue when it transfers promised goods
or services to customers in an amount that reflects the consideration to which the company expects to be entitled for the transfer
of those goods or services. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. Additionally,
the amendments in this ASU provide a practical expedient for entities to recognize the incremental costs of obtaining a contract
as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year
or less, The Company plans to elect this practical expedient upon adoption. In July 2015, the FASB issued ASU 2015-14,
"Revenue from Contracts with Customers – Deferral of the Effective Date." The FASB approved the deferral of ASU
2014-09, by extending the new revenue recognition standard's mandatory effective date by one year and permitting public companies
to apply the new revenue standard to annual reporting periods beginning after December 15, 2017. The guidance in ASU 2014-09 will
be effective for the Company in the first quarter of the fiscal year ending November 30, 2019. The Company is currently evaluating
the other effects the adoption of ASU 2015-14 will have on its consolidated financial statements, once the Company becomes an operating
Company in Fiscal Year Ended November 30, 2020. Further to ASU 2014-09 and ASU 2015-14,
the FASB issued ASU 2016-08, "Revenue from Contracts with Customers," Topic 606, "Principal versus Agent Considerations
(Reporting Revenue Gross versus Net)" (ASU 2016-08) in March 2016, ASU 2016-12, "Revenue from Contracts with Customers,"
Topic 606, "Narrow-Scope Improvements and Practical Expedients" (ASU 2016-12) in May 2016 and ASU 2016-20, "Revenue
from Contracts with Customers," Topic 606, "Technical Corrections and Improvements" (ASU 2016-20) in December
2016. The amendments in ASU 2016-08 clarify the implementation guidance on principal versus agent considerations, including indicators
to assist an entity in determining whether it controls a specified good or service before it is transferred to the customers. ASU
2016-12 addresses narrow-scope improvements to the guidance on collectability, non-cash consideration, and completed contracts
at transition. Additionally, the amendments in this ASU provide a practical expedient for contract modifications at transition
and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers.
The Company plans to make such election. The Company also plans to elect the practical expedient in ASU 2016-20 that provides entities
do not need to disclose the transaction price allocated to performance obligations when the related contracts have a duration of
one year or less. This includes loyalty rewards, which can be redeemed in the month subsequent to the quarter earned, and marketing
promotions that cross accounting periods. Both of these classes of transactions are currently immaterial to the Company. The effective
date and transition requirements for ASU 2016-08, ASU 2016-12 and ASU 2016-20 are the same as for ASU 2014-09. The Company does not plan to early adopt
the new revenue recognition guidance; adoption will be on the modified retrospective basis beginning in fiscal year 2019. The Company
has substantially concluded its assessment of the impact of the adoption of this standard on its consolidated financial statements.
Most of the Company's revenue is expected to continue to be generated from point-of-sale transactions, which ASU 2014-09
treats generally consistent with current accounting standards. The Company does not expect this standard will have a material impact
on the accounting for point-of-sale transactions or related areas including the right of return and customer incentives. Although
the impact on the consolidated financial statements is not expected to be material, additional disclosures will be required. In June 2018, the FASB issued ASU 2018-07,
"Compensation-Stock Compensation," Topic 718, "Improvements to Nonemployee Share-Based Payment Accounting"
(ASU 2018-07) as part of its Simplification Initiative to reduce complexity when accounting for share-based payments to non-employees.
ASU 2018-07 expands the scope of Topic 718 to more closely align share-based payment transactions for acquiring goods and services
from non-employees with the accounting for share-based payments to employees, with certain exceptions. The provisions of ASU 2018-07
are effective for the Company's first quarter of the fiscal year ending November 30, 2020, with early adoption permitted. |
