Wolverine Technologies (WOLV) 10-Q 2 Sep 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2020	Sep. 02, 2021
Cover [Abstract]
Entity Registrant Name	Wolverine Technologies Corp.
Entity Central Index Key	0001424404
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2020
Current Fiscal Year End Date	--05-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		675,626,548
Entity Current Reporting Status	No
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	No

Balance Sheets

Balance Sheets - USD ($)	Nov. 30, 2020	May 31, 2020
Current Assets
Cash	$ 0	$ 3,177
GST receivable	5,281	3,946
Total Assets	5,281	7,123
Current Liabilities
Bank indebtedness	33
Accounts payable and accrued liabilities	198,026	144,968
Short term debt - related parties	68,415	47,240
Total Liabilities	266,474	192,208
Commitments and Contingencies	0	0
Stockholders' Deficit
Common stock, 2,000,000,000 shares authorized, $0.001 par value 635,626,548 and 630,626,548 shares issued and outstanding at November 30, 2020 and May 31, 2020, respectively	635,627	630,627
Subscriptions received		10,736
Additional paid-in capital	5,483,001	5,477,265
Accumulated deficit	(6,379,821)	(6,303,713)
Total Stockholders' Deficit	(261,193)	(185,085)
Total Liabilities and Stockholders' Deficit	$ 5,281	$ 7,123

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Nov. 30, 2020	May 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Shares Authorized	2,000,000,000	2,000,000,000
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	635,626,548	630,626,548
Common Stock, Shares, Outstanding	635,626,548	630,626,548

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Operating Expenses
General and administrative	$ 35,693	$ 57,907	$ 69,564	$ 126,228
Mineral property exploration costs	1,431		1,431
Total Operating Expenses	37,124	57,907	70,995	126,228
Net Loss Before Other Expenses	(37,124)	(57,907)	(70,995)	(126,228)
Other Income (Expense)
Gain on forgiveness of debt		162		2,747
Foreign exchange loss	(2,122)	(2,598)	(5,113)	(3,759)
Gain on settlement of debt				1,887
Total Other Income (Expense)	(2,122)	(2,436)	(5,113)	875
Net Loss	$ (39,246)	$ (60,343)	$ (76,108)	$ (125,353)
Net Loss Per Common Share, Basic and Diluted (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted Average Common Shares Outstanding, Basic and Diluted (in shares)	635,126,548	513,961,886	635,126,548	523,357,150

Statements of Changes in Stockh

Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Subscriptions Received [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at May. 31, 2019	$ 477,271	$ 60,862	$ 5,238,347	$ (6,011,546)	$ (235,066)
Beginning Balance (Shares) at May. 31, 2019	477,270,993
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock subscribed for cash		43,500			43,500
Common stock issued for cash	$ 5,000		7,349		12,349
Common stock issued for cash (Shares)	5,000,000
Common stock issued for subscription payable	$ 16,200	(60,862)	44,662
Common stock issued for subscription payable (Shares)	16,200,000
Common stock issued to settle debt	$ 1,500		1,500		3,000
Common stock issued to settle debt (Shares)	1,500,000
Net loss for the period				(65,010)	(65,010)
Ending Balance at Aug. 31, 2019	$ 499,971	43,500	5,291,858	(6,076,556)	(241,227)
Ending Balance (Shares) at Aug. 31, 2019	499,970,993
Beginning Balance at May. 31, 2019	$ 477,271	60,862	5,238,347	(6,011,546)	(235,066)
Beginning Balance (Shares) at May. 31, 2019	477,270,993
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss for the period					(125,353)
Ending Balance at Nov. 30, 2019	$ 499,971	53,250	5,291,858	(6,136,899)	(291,820)
Ending Balance (Shares) at Nov. 30, 2019	499,970,993
Beginning Balance at Aug. 31, 2019	$ 499,971	43,500	5,291,858	(6,076,556)	(241,227)
Beginning Balance (Shares) at Aug. 31, 2019	499,970,993
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued to settle debt		9,750			9,750
Net loss for the period				(60,343)	(60,343)
Ending Balance at Nov. 30, 2019	$ 499,971	53,250	5,291,858	(6,136,899)	(291,820)
Ending Balance (Shares) at Nov. 30, 2019	499,970,993
Beginning Balance at May. 31, 2020	$ 630,627	10,736	5,477,265	(6,303,713)	(185,085)
Beginning Balance (Shares) at May. 31, 2020	630,626,548
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss for the period				(36,862)	(36,862)
Ending Balance at Aug. 31, 2020	$ 630,627	10,736	5,477,265	(6,340,575)	(221,947)
Ending Balance (Shares) at Aug. 31, 2020	630,626,548
Beginning Balance at May. 31, 2020	$ 630,627	10,736	5,477,265	(6,303,713)	(185,085)
Beginning Balance (Shares) at May. 31, 2020	630,626,548
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss for the period					(76,108)
Ending Balance at Nov. 30, 2020	$ 635,627	0	5,483,001	(6,379,821)	(261,193)
Ending Balance (Shares) at Nov. 30, 2020	635,626,548
Beginning Balance at Aug. 31, 2020	$ 630,627	10,736	5,477,265	(6,340,575)	(221,947)
Beginning Balance (Shares) at Aug. 31, 2020	630,626,548
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued to settle debt and for subscription payable	$ 5,000	(10,736)	5,736
Common stock issued to settle debt and for subscription payable (Shares)	5,000,000
Net loss for the period				(39,246)	(39,246)
Ending Balance at Nov. 30, 2020	$ 635,627	$ 0	$ 5,483,001	$ (6,379,821)	$ (261,193)
Ending Balance (Shares) at Nov. 30, 2020	635,626,548

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Operating Activities
Net loss	$ (76,108)	$ (125,353)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on settlement of debt		(1,887)
Gain on forgiveness of debt		(2,747)
Changes in operating assets and liabilities:
Other receivable	(1,335)	(452)
Accounts payable	53,058	37,756
Accounts payable - related parties	21,175	27,033
Net Cash Used in Operating Activities	(3,210)	(65,650)
Financing Activities
Bank indebtedness	33	51
Proceeds from issuance of common stock		12,349
Proceeds from common stock subscriptions		53,250
Net Cash Provided by Financing Activities	33	65,650
Increase (decrease) in Cash	(3,177)	0
Cash, Beginning of Period	3,177	0
Cash, End of Period	0	0
Non-cash Investing and Financing Activities:
Shares issued to settle accounts payable		3,000
Stocks issued for prior year subscriptions		60,862
Supplemental Disclosures:
Interest paid		561
Income taxes paid	$ 0	$ 0

Organization and basis of prese

Organization and basis of presentation	6 Months Ended
	Nov. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and basis of presentation [Text Block]	1. Organization and basis of presentation Wolverine Technologies Corp. (the "Company") was incorporated in the State of Nevada on February 23, 2006. The Company's principal business was the acquisition and exploration of mineral resources. The Company had not determined that its properties contain mineral reserves that were economically recoverable, financing had not yet become available, and commodity prices had not fully recovered. Therefore, management decided to change the focus of the Company to include cyber security. Effective August 12, 2015, the Company changed its name from Wolverine Exploration Inc. to Wolverine Technologies Corp. The Company has now refocused its efforts back to the exploration of mineral resources. The recent outbreak of the novel coronavirus COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, has led to adverse impacts on the U.S. and global economies, disruptions of financial markets, and created uncertainty regarding potential impacts to the Company's operations. The COVID-19 pandemic has impacted and could further impact the Company's operations and the operations of the Company's suppliers and vendors as a result of quarantines, facility closures, and travel and logistics restrictions. The extent to which the COVID-19 pandemic impacts the Company's business, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including, but not limited to the duration, spread, severity, and impact of the COVID-19 pandemic, the effects of the COVID-19 pandemic on the Company's suppliers and vendors and the remedial actions and stimulus measures adopted by local and federal governments, and to what extent normal economic and operating conditions can resume. The management team is closely following the progression of COVID-19 and its potential impact on the Company. Even after the COVID-19 pandemic has subsided, the Company may experience adverse impacts to its business as a result of any economic recession or depression that has occurred or may occur in the future. Therefore, the Company cannot reasonably estimate the impact at this time on its business, liquidity, capital resources and financial results. Basis of Presentation These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The Company's fiscal year-end is May 31. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") have been condensed or omitted. The accompanying financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2020. In the opinion of management, the accompanying financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company's financial position and the result of its operations and its cash flows for the periods shown. The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year. Going Concern These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues and is unlikely to generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. The Company plans to raise financing of debt or equity. There can be no assurance that additional financing will be available when needed or, if available, that it can be obtained on commercially reasonable terms. At November 30, 2020, the Company has a working capital deficiency of $261,193 and has accumulated losses of $6,379,821 since inception. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Nov. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements [Text Block]	2. Recent Accounting Pronouncements 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 pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Nov. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions [Text Block]	3. (a) (b) nil (c) (d)

Common Stock

Common Stock	6 Months Ended
	Nov. 30, 2020
Equity [Abstract]
Common Stock [Text Block]	4. Stock transactions during the six months ended November 30, 2020: (a) (b) Stock transactions during the six months ended November 30, 2019: (a) (b) (c) (d) At November 30, 2020 and 2019, the Company had no dilutive shares, or common stock equivalents.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Nov. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-based Compensation [Text Block]	5. On May 28, 2010, the Board of Directors of the Company adopted the 2010 Stock Plan (the "Plan"). The maximum number of shares of the Company's common stock available for issuance under the Plan is 10,294,500 shares. An aggregate of 5,147,250 shares may be issued under stock options and an aggregate of 5,147,250 shares may be issued in the form of restricted shares. As at November 30, 2020, there were none issued. At November 30, 2020 and 2019, the Company had no outstanding or exercisable stock options.

Commitments

Commitments	6 Months Ended
	Nov. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments [Text Block]	6. (a) (b)

Subsequent Events

Subsequent Events	6 Months Ended
	Nov. 30, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	7. On July 30, 2021, the Company issued 37,000,000 shares of common stock pursuant to a private placement for cash proceeds of $75,295 (Cdn$92,500). On July 30, 2021, the Company issued 3,000,000 shares of common stock pursuant to a private placement for cash proceeds of $5,625. The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of November 30, 2020, have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, "Subsequent Events", other than as shown above.

Summary of Significant Accounti

Summary of Significant Accounting Pronouncements (Policies)	6 Months Ended
	Nov. 30, 2020
Accounting Policies Abstract
Basis of Presentation [Policy Text Block]	Basis of Presentation These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The Company's fiscal year-end is May 31. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") have been condensed or omitted. The accompanying financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2020. In the opinion of management, the accompanying financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company's financial position and the result of its operations and its cash flows for the periods shown. The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.
Going Concern [Policy Text Block]	Going Concern These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues and is unlikely to generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. The Company plans to raise financing of debt or equity. There can be no assurance that additional financing will be available when needed or, if available, that it can be obtained on commercially reasonable terms. At November 30, 2020, the Company has a working capital deficiency of $261,193 and has accumulated losses of $6,379,821 since inception. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Organization and basis of pre_2

Organization and basis of presentation (Narrative) (Details) - USD ($)	Nov. 30, 2020	May 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficiency	$ 261,193
Accumulated deficit	$ (6,379,821)	$ (6,303,713)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	May 31, 2020
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 68,415		$ 47,240
A company controlled by a president of the Company [Member]
Related Party Transaction [Line Items]
Amount of consulting fees	15,401	$ 15,047
Due to Related Parties, Current	37,500		18,123
Director [Member]
Related Party Transaction [Line Items]
Amount of consulting fees		$ 11,225
Due to Officers or Stockholders, Current	$ 30,915		$ 29,117

Common Stock (Narrative) (Detai

Common Stock (Narrative) (Details)	1 Months Ended						3 Months Ended	6 Months Ended
	Sep. 29, 2020CAD ($)shares	Sep. 29, 2020USD ($)shares	May 29, 2020CAD ($)shares	May 29, 2020USD ($)shares	Aug. 23, 2019CAD ($)shares	Aug. 23, 2019USD ($)shares	Aug. 31, 2019USD ($)	Nov. 30, 2019USD ($)shares
Equity [Line Items]
Gain (loss) on extinguishment of debt | $				$ 85		$ 1,887		$ 1,887
Common stock issued for cash (Shares) | shares	500,000	500,000
Proceeds from issuance of common stock | $								12,349
Amount of subscription received for issuance of common shares | $								$ 52,350
Number of shares issued for subscription received | shares								23,666,667
Common stock subscribed for cash | $							$ 43,500
Private Placement [Member]
Equity [Line Items]
Common stock issued for subscription payable (Shares) | shares	4,500,000	4,500,000			16,200,000	16,200,000
Common stock issued for subscription payable	$ 13,500	$ 9,736			$ 81,000	$ 60,862
Private Placement - 2 [Member]
Equity [Line Items]
Common stock issued for cash (Shares) | shares					5,000,000	5,000,000
Proceeds from issuance of common stock					$ 16,500	$ 12,349
Shares issued to settle accounts payable - 1 [Member]
Equity [Line Items]
Stock issued during period, shares, to settle accounts payable | shares			500,000	500,000	1,500,000	1,500,000
Stock issued during period, value, to settle accounts payable | $				$ 1,000		$ 3,000
Extinguishment of debt, amount			$ 1,500	$ 1,085	$ 6,500	$ 4,887

Stock-based Compensation (Narra

Stock-based Compensation (Narrative) (Details)	May 28, 2010shares
2010 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares of common stock available for issuance	10,294,500
2010 Stock Plan - Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares of common stock available for issuance	5,147,250
2010 Stock Plan - Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares of common stock available for issuance	5,147,250

Commitments (Narrative) (Detail

Commitments (Narrative) (Details)	1 Months Ended	6 Months Ended
	Apr. 19, 2016shares	Nov. 30, 2020CAD ($)	Nov. 30, 2020USD ($)	Nov. 30, 2019CAD ($)	Nov. 30, 2019USD ($)
Loss Contingencies [Line Items]
Consulting agreement, monthly payment		$ 10,000	$ 7,702
Consulting fees		$ 60,000	$ 46,113	$ 60,000	$ 45,871
Decision-Zone Inc. [Member]
Loss Contingencies [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	400,000,000
Equity Method Investment, Ownership Percentage	15.00%

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	1 Months Ended				6 Months Ended
	Jul. 30, 2021CAD ($)shares	Jul. 30, 2021USD ($)shares	Sep. 29, 2020shares	Aug. 23, 2019shares	Nov. 30, 2019USD ($)
Subsequent Event [Line Items]
Number of common stock shares issued			500,000
Proceeds from issuance of private placement | $					$ 53,250
Private Placement - 2 [Member]
Subsequent Event [Line Items]
Number of common stock shares issued				5,000,000
Subsequent event [Member] | Private Placement [Member]
Subsequent Event [Line Items]
Number of common stock shares issued	37,000,000	37,000,000
Proceeds from issuance of private placement	$ 92,500	$ 75,295
Subsequent event [Member] | Private Placement - 2 [Member]
Subsequent Event [Line Items]
Number of common stock shares issued	3,000,000	3,000,000
Proceeds from issuance of private placement | $		$ 5,625