Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Jan. 31, 2022 | Mar. 22, 2022 | |
Details | ||
Registrant CIK | 0001551887 | |
Fiscal Year End | --10-31 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jan. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 000-54800 | |
Entity Registrant Name | DUESENBERG TECHNOLOGIES INC. | |
Entity Incorporation, State or Country Code | A1 | |
Entity Tax Identification Number | 99-0364150 | |
Entity Address, Address Line One | No 21, Denai Endau 3, Seri Tanjung, Pinang | |
Entity Address, Postal Zip Code | 10470 | |
Entity Address, City or Town | Tanjung Tokong | |
Entity Address, Country | MY | |
City Area Code | 236 | |
Local Phone Number | 304-0299 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 49,181,145 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jan. 31, 2022 | Oct. 31, 2021 |
Current assets | ||
Cash | $ 2,381 | $ 7,434 |
Receivables | 26,686 | 26,601 |
Prepaids | 16,654 | 5,034 |
Total current assets | 45,721 | 39,069 |
Equipment | 1,592 | 1,952 |
Total assets | 47,313 | 41,021 |
Current liabilities | ||
Accounts payable | 639,155 | 576,881 |
Accrued liabilities | 18,304 | 45,318 |
Due to related parties | 609,837 | 273,869 |
Notes payable | 106,306 | 106,892 |
Total liabilities | 1,373,602 | 1,002,960 |
Stockholders' deficit | ||
Common stock, no par value, unlimited number authorized, 45,616,043 issued and outstanding at January 31, 2022 and October 31, 2021, respectively | 8,503,314 | 8,503,314 |
Additional paid-in capital | (111,119) | (111,119) |
Obligation to issue shares | 76,950 | 76,950 |
Accumulated other comprehensive income | 32,932 | 26,838 |
Deficit | (9,828,366) | (9,457,922) |
Total stockholders' deficit | (1,326,289) | (961,939) |
Total liabilities and stockholders' deficit | $ 47,313 | $ 41,021 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS - Parenthetical - $ / shares | Jan. 31, 2022 | Oct. 31, 2021 |
Details | ||
Common Stock, Par or Stated Value Per Share | $ 0 | $ 0 |
Common Stock, Shares, Issued | 45,616,043 | 45,616,043 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Jan. 31, 2022 | Jan. 31, 2021 | |
Details | ||
Revenues | $ 9,475 | $ 10,406 |
Operating expenses | ||
Accounting | 6,539 | 5,312 |
Amortization | 339 | 217 |
General and administrative expenses | 31,495 | 39,233 |
Management fees | 18,000 | 6,000 |
Professional fees | 4,780 | 4,614 |
Regulatory and filing | 3,884 | 4,104 |
Research and development costs | 192,025 | 616,800 |
Salaries and wages | 119,267 | 88,425 |
Travel and entertainment | 0 | 290 |
Total operating expenses | (376,329) | (764,995) |
Other items | ||
Gain (loss) on foreign exchange | (2,142) | (4) |
Interest expense | (1,448) | (4,572) |
Net loss | (370,444) | (759,165) |
Translation to reporting currency | 6,094 | (19,500) |
Comprehensive loss | $ (364,350) | $ (778,665) |
Loss per share - basic and diluted | $ (0.01) | $ (0.02) |
Weighted average number of shares outstanding | 45,616,043 | 43,892,801 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($) | Common Stock | Obligation to Issue Stock | Additional Paid-in Capital | AOCI Attributable to Parent | Retained Earnings | Total |
Equity Balance at Oct. 31, 2020 | $ 7,171,032 | $ 0 | $ 19,399 | $ 58,829 | $ (7,750,080) | $ (500,820) |
Equity Balance, Shares at Oct. 31, 2020 | 43,892,801 | |||||
Translation to reporting currency | $ 0 | 0 | 0 | (19,500) | 0 | (19,500) |
Net loss | 0 | 0 | 0 | 0 | (759,165) | (759,165) |
Equity Balance at Jan. 31, 2021 | $ 7,171,032 | 0 | 19,399 | 39,329 | (8,509,245) | (1,279,485) |
Equity Balance, Shares at Jan. 31, 2021 | 43,892,801 | |||||
Equity Balance at Oct. 31, 2021 | $ 8,503,314 | 76,950 | (111,119) | 26,838 | (9,457,922) | (961,939) |
Equity Balance, Shares at Oct. 31, 2021 | 45,616,043 | |||||
Translation to reporting currency | $ 0 | 0 | 0 | 6,094 | 0 | 6,094 |
Net loss | 0 | 0 | 0 | 0 | (370,444) | (370,444) |
Equity Balance at Jan. 31, 2022 | $ 8,503,314 | $ 76,950 | $ (111,119) | $ 32,932 | $ (9,828,366) | $ (1,326,289) |
Equity Balance, Shares at Jan. 31, 2022 | 45,616,043 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) | 3 Months Ended | |
Jan. 31, 2022 | Jan. 31, 2021 | |
Cash flow used in operating activities | ||
Net loss | $ (370,444) | $ (759,165) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Accrued interest on notes payable, related party notes | 0 | 3,399 |
Accrued interest on long-term debt | 1,448 | 1,156 |
Amortization | 339 | 217 |
Foreign exchange | 3,156 | 1,299 |
Changes in operating assets and liabilities | ||
Increase (decrease) in Receivables | (314) | (10,889) |
Increase (decrease) in Prepaids | (12,041) | (9,434) |
Increase (decrease) in Accounts payable and accrued liabilities | 37,365 | 600,085 |
Increase (decrease) in Due to related parties | 204,224 | 21,255 |
Increase (decrease) in Accrued salaries | 117,000 | 54,585 |
Net cash used in operating activities | (19,267) | (97,492) |
Cash flows provided by financing activities | ||
Loans and advances payable to related party | 14,220 | 82,992 |
Proceeds from advances | 0 | 14,000 |
Net cash provided by financing activities | 14,220 | 96,992 |
Effect of exchange rate changes on cash | (6) | 297 |
Net decrease in cash | (5,053) | (203) |
Cash, beginning | 7,434 | 11,715 |
Cash, ending | $ 2,381 | $ 11,512 |
Organization and Basis of Prese
Organization and Basis of Presentation | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Organization and Basis of Presentation | NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION Nature of Operations Duesenberg Technologies Inc. (the “Company”) was incorporated on August 4, 2010, under the laws of the State of Nevada under the name “SOS Link Corporation”. On April 15, 2011, the Company changed its place of incorporation from the State of Nevada to the Province of British Columbia, Canada and concurrently changed its name to Venza Gold Corp. On January 6, 2014, the Company changed its name to CoreComm Solutions Inc., on February 11, 2015, to VGrab Communications Inc., and on December 23, 2020, the name was changed to Duesenberg Technologies Inc. The Company’s common shares trade on the OTC Markets inter-dealer quotation system under the ticker symbol DUSYF. On November 1, 2019, the Company incorporated Duesenberg Inc., a Nevada corporation (“Duesenberg Nevada”), with a purpose to undertake the development of Electric Vehicles (“EV”) using the Duesenberg brand and its VGrab Technology and applications based on the VGrab technology. On May 21, 2021, the Company incorporated Duesenberg Heritage LLC, a Nevada corporation (“Duesenberg Heritage”), with a purpose to reproduce very limited Duesenberg Heritage vehicles, Duesenberg Model J and Boat Tail series, which were originally manufactured in the 1920s and 1930s. As of the date of these condensed consolidated financial statements, the Company has the following wholly owned subsidiaries: Name Incorporation Incorporation Date Duesenberg Malaysia Sdn Bhd. (formerly VGrab Communications Malaysia Sdn Bhd) Malaysia Companies Act 2016 May 17, 2018 Duesenberg Technologies Evolution Ltd (formerly VGrab Asia Limited) Companies Ordinance, Chapter 622 of the Laws of Hong Kong February 18, 2019 Duesenberg Inc. Nevada, USA November 1, 2019 Duesenberg Heritage LLC Nevada, USA May 21, 2021 Basis of Presentation The unaudited interim condensed consolidated financial statements of the Company are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements for the year ended October 31, 2021, included in the Company’s Annual Report on Form 10-K, filed with the SEC on February 15, 2022. The unaudited interim condensed consolidated financial statements of the Company should be read in conjunction with those financial statements for the year ended October 31, 2021, included in the Company’s Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three-month period ended January 31, 2022, are not necessarily indicative of the results that may be expected for the year ending October 31, 2022. Going Concern The Company’s interim condensed consolidated financial statements are prepared on a going concern basis in accordance with GAAP which contemplate the realization of assets and discharge of liabilities and commitments in the normal course of business. To date the Company has generated a total of $68,453 in revenue from its operating activities and has accumulated losses of $9,828,366 since inception. Continuation of the Company as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations. To date the Company has funded its operations through the issuance of capital stock and debt. Management plans to continue raising additional funds through equity and/or debt financing. The outcome of these efforts cannot be predicted with any certainty and raises substantial doubt that the Company will be able to continue as a going concern. These unaudited interim condensed consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Uncertainty due to Global Outbreak of Covid-19 In March of 2020, the World Health Organization declared an outbreak of COVID-19 Global pandemic. The COVID-19 has impacted vast array of businesses through the restrictions put in place by most governments internationally, including the federal, provincial, and municipal governments, regarding travel, business operations and isolation/quarantine orders. At this time, the extent of the impact of the COVID-19 outbreak on the Company and its operations is unknown and will greatly depend on future developments that are highly uncertain and that cannot be predicted with confidence. These uncertainties arise from the inability to predict the ultimate geographic spread of the disease, and the duration of the outbreak, including the duration of travel restrictions, business closures or disruptions, and quarantine/isolation measures that are currently, or may be put, in place world-wide to fight the virus. While the extent of the impact is unknown, the COVID-19 outbreak may hinder the Company’s ability to raise financing for its research and development initiatives or operating costs due to uncertain capital markets, supply chain disruptions, increased government regulations and other unanticipated factors, all of which may also negatively impact the Company’s business and financial condition. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Summary of Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. On consolidation, all intercompany balances and transactions are eliminated. |
Related Party Transactions Disc
Related Party Transactions Disclosure | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Related Party Transactions Disclosure | NOTE 3 - RELATED PARTY TRANSACTIONS The following amounts were due to related parties as at: January 31, 2022 October 31, 2021 Due to the Chief Executive Officer (“CEO”) and Director of the Company (a) $ 80,208 $ 22,808 Due to a company controlled by the CEO and Director of the Company (a) 250,857 61,094 Due to the Chief Financial Officer (“CFO”) and Director of the Company (a) 109,752 83,940 Due to the Chief Strategy Officer (“CSO”) of the Company’s subsidiary (a) 120,448 75,448 Due to a Director of the Company (a) 36,000 30,000 Due to a Director of the Company (a) 6,000 - Due to a Director of the Company (a) 6,000 - Due to a major shareholder for payments made on behalf of the Company (a) 572 579 Total due to related parties $ 609,837 $ 273,869 (a) Amounts are unsecured, due on demand and bear no interest. During the three-month period ended January 31, 2022, the Company incurred $30,000 (2021 - $30,325) in wages and salaries to Mr. Lim Hun Beng, the Company’s CEO, President, and director. In addition, the Company incurred $7,155 (2021 - $7,417) in reimbursable expenses with Mr. Lim. During the same period Mr. Lim advanced the Company $14,220 in the form of vendor payments made by him on behalf of the Company. During the three-month period ended January 31, 2022, the Company incurred $24,000 (2021 - $24,260) in wages and salaries to Mr. Liong Fook Weng, the Company’s CFO and director. In addition, the Company incurred $1,817 (2021 - $625) in reimbursable expenses with Mr. Liong. During the three-month period ended January 31, 2022, the Company incurred a total of $18,000 in management/director fees to its directors, Mr. Ong See-Ming, Mr. Chee Wai Hong, and Mr. Karl Jürgen, at $6,000 each. During the three-month period ended January 31, 2021, the Company incurred $6,000 in management/director fees with its director, Mr. Ong See-Ming. During the three-month period ended January 31, 2022, the Company incurred $45,000 (2021 - $7,500) in management fees to its CSO, Mr. Brendan Norman. During the three-month period ended January 31, 2022, the Company recognized $7,155 in revenue from licensing and maintenance of its SMART Systems applications to a company of which Mr. Lim is a 50% shareholder (2021 - $7,373). During the three-month period ended January 31, 2022, the Company incurred $190,803 (2021 - $Nil) to Hampshire Automotive Sdn Bhd. (“Hampshire Automotive”) a private company of which Mr. Joe Lim is a 33% shareholder, for engineering and drafting of the Duesenberg Heritage vehicles, which fees were recorded as part of research and development fees. During the comparative three-month period ended January 31, 2021, the Company received $82,992 in exchange for the notes payable to Hampshire Avenue SDN BHD (“Hampshire Avenue”), a private company of which Mr. Joe Lim is a director and major shareholder. The loans bore interest at 4% per annum, were unsecured and payable on demand. The Company did not receive any funds from Hampshire Avenue during the three-month period ended January 31, 2022. During the three-month period ended January 31, 2021, the Company recorded $3,399 in interest expense associated with its liabilities under the notes payable issued to Hampshire Avenue. During the second and third quarters of the Company’s Fiscal 2021, Hampshire Avenue agreed to convert a total of $410,285 into 577,428 common shares of the Company, and forgave the remaining balance totaling $758. During the three-month period ended January 31, 2021, the Company incurred $7,500 in management fees to its former CTO, Mr. Ian Thompson, who resigned from his position as the CTO of the Company on May 11, 2021. |
Equipment Disclosure
Equipment Disclosure | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Equipment Disclosure | NOTE 4 - EQUIPMENT Changes in the net book value of the equipment at January 31, 2022 and at October 31, 2021 are as follows: January 31, 2022 October 31, 2021 Net book value, beginning of the period $ 1,952 $ 213 Changes during the period - 2,760 Amortization (339) (990) Foreign exchange (21) (31) Net book value, end of the period $ 1,592 $ 1,952 |
Notes Payable Disclosure
Notes Payable Disclosure | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Notes Payable Disclosure | NOTE 5 - NOTES PAYABLE The following amounts were due under third-party notes payable at January 31, 2022 and October 31, 2021: January 31, 2022 October 31, 2021 Balance, beginning of the period $ 106,892 $ 67,429 Advances received - 29,000 Interest accrued during the period 1,448 5,309 Foreign exchange (2,034) 5,154 Balance, end of the period $ 106,306 $ 106,892 During the three-month period ended January 31, 2022, the Company accrued $1,145 in interest on the CAD$83,309 note payable accumulating 6% interest compounded monthly (2021 - $1,060), and $303 (2021 - $Nil) in interest on the notes payable totaling $29,000, which accumulate interest at 4% compounded monthly. All notes payable to third-parties are unsecured and due on demand. |
Common Stock Disclosure
Common Stock Disclosure | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Common Stock Disclosure | NOTE 6 - COMMON STOCK During the three-month period ended January 31, 2022, the Company did not have any transactions that would have resulted in issuance of common stock, warrants or options to purchase its equity securities. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Jan. 31, 2022 | |
Notes | |
Subsequent Events | NOTE 7 - SUBSEQUENT EVENTS Private Placement Financing Subsequent to January 31, 2022, the Company closed a private placement financing by issuing 2,511,962 shares of its common stock (the “Shares”) for gross proceeds of $502,392. Debt Settlement Agreements Subsequent to January 31, 2022, the Company entered into debt settlement agreements (the “Agreements”) with Mr. Lim, and Mr. Ong See-Ming, the Company’s director. Mr. Lim agreed to convert $102,628 the Company owed to him at the time of conversion into 513,140 Shares. Mr. Ong agreed to convert $30,000 the Company owed to him at the time of conversion into 150,000 Shares. Shares Issued to Directors Subsequent to January 31, 2022, the Company issued a total of 240,000 Shares to Mr. Chee and Mr. Barth, the Company’s directors (120,000 Shares each) in recognition of the services provided to the Company by Mr. Chee and Mr. Barth. The shares were valued at $48,000. Shares Issued for Service During the year ended October 31, 2021, the Company’s management agreed to issue 150,000 Shares to an arms-length party for services provided to the Company during the year. At October 31, 2021, the Company recorded $76,950 as obligation to issue the Shares, which were issued on February 24, 2022. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies: Consolidation, Policy (Policies) | 3 Months Ended |
Jan. 31, 2022 | |
Policies | |
Consolidation, Policy | Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. On consolidation, all intercompany balances and transactions are eliminated. |
Organization and Basis of Pre_2
Organization and Basis of Presentation: Scedule of Subsidiaries Owned (Tables) | 3 Months Ended |
Jan. 31, 2022 | |
Tables/Schedules | |
Scedule of Subsidiaries Owned | Name Incorporation Incorporation Date Duesenberg Malaysia Sdn Bhd. (formerly VGrab Communications Malaysia Sdn Bhd) Malaysia Companies Act 2016 May 17, 2018 Duesenberg Technologies Evolution Ltd (formerly VGrab Asia Limited) Companies Ordinance, Chapter 622 of the Laws of Hong Kong February 18, 2019 Duesenberg Inc. Nevada, USA November 1, 2019 Duesenberg Heritage LLC Nevada, USA May 21, 2021 |
Related Party Transactions Di_2
Related Party Transactions Disclosure: Schedule of Amounts Due to Related Parties (Tables) | 3 Months Ended |
Jan. 31, 2022 | |
Tables/Schedules | |
Schedule of Amounts Due to Related Parties | January 31, 2022 October 31, 2021 Due to the Chief Executive Officer (“CEO”) and Director of the Company (a) $ 80,208 $ 22,808 Due to a company controlled by the CEO and Director of the Company (a) 250,857 61,094 Due to the Chief Financial Officer (“CFO”) and Director of the Company (a) 109,752 83,940 Due to the Chief Strategy Officer (“CSO”) of the Company’s subsidiary (a) 120,448 75,448 Due to a Director of the Company (a) 36,000 30,000 Due to a Director of the Company (a) 6,000 - Due to a Director of the Company (a) 6,000 - Due to a major shareholder for payments made on behalf of the Company (a) 572 579 Total due to related parties $ 609,837 $ 273,869 |
Equipment Disclosure_ Changes i
Equipment Disclosure: Changes in Book Value of Equipment (Tables) | 3 Months Ended |
Jan. 31, 2022 | |
Tables/Schedules | |
Changes in Book Value of Equipment | January 31, 2022 October 31, 2021 Net book value, beginning of the period $ 1,952 $ 213 Changes during the period - 2,760 Amortization (339) (990) Foreign exchange (21) (31) Net book value, end of the period $ 1,592 $ 1,952 |
Notes Payable Disclosure_ Sched
Notes Payable Disclosure: Schedule of Notes Payable (Tables) | 3 Months Ended |
Jan. 31, 2022 | |
Tables/Schedules | |
Schedule of Notes Payable | January 31, 2022 October 31, 2021 Balance, beginning of the period $ 106,892 $ 67,429 Advances received - 29,000 Interest accrued during the period 1,448 5,309 Foreign exchange (2,034) 5,154 Balance, end of the period $ 106,306 $ 106,892 |
Organization and Basis of Pre_3
Organization and Basis of Presentation (Details) - USD ($) | Jan. 31, 2022 | Oct. 31, 2021 |
Details | ||
Revenues since inception | $ 68,453 | |
Deficit | $ 9,828,366 | $ 9,457,922 |
Related Party Transactions Di_3
Related Party Transactions Disclosure: Schedule of Amounts Due to Related Parties (Details) - USD ($) | Jan. 31, 2022 | Oct. 31, 2021 |
Due to related parties | $ 609,837 | $ 273,869 |
Due to the CEO and Director | ||
Due to related parties | 80,208 | 22,808 |
Due to a company controlled by the CEO and Director | ||
Due to related parties | 250,857 | 61,094 |
Due to the CFO and Director | ||
Due to related parties | 109,752 | 83,940 |
Due to the CSO of a subsidiary | ||
Due to related parties | 120,448 | 75,448 |
Due to a Director | ||
Due to related parties | 36,000 | 30,000 |
Due to a Director - 2 | ||
Due to related parties | 6,000 | 0 |
Due to a Director - 3 | ||
Due to related parties | 6,000 | 0 |
Due to a major shareholder for payments made on behalf of the Company | ||
Due to related parties | $ 572 | $ 579 |
Related Party Transactions Di_4
Related Party Transactions Disclosure (Details) - USD ($) | 3 Months Ended | ||
Jan. 31, 2022 | Jan. 31, 2021 | Oct. 31, 2021 | |
Accounts payable | $ 639,155 | $ 576,881 | |
Management fees | 18,000 | $ 6,000 | |
Revenues | 9,475 | 10,406 | |
Research and development costs | 192,025 | 616,800 | |
Interest expense | 1,448 | 4,572 | |
Due to the CEO and Director | |||
Wages and Salary, for officers | 30,000 | 30,325 | |
Reimbursable expense incurred | 7,155 | 7,417 | |
Accounts payable | 14,220 | ||
Due to the CFO and Director | |||
Wages and Salary, for officers | 24,000 | 24,260 | |
Reimbursable expense incurred | 1,817 | 625 | |
Due to a Director | |||
Management fees | 18,000 | 6,000 | |
Due to the CSO of a subsidiary | |||
Management fees | 45,000 | 7,500 | |
SMART Systems applications licensing | |||
Revenues | 7,155 | 7,373 | |
Hampshire Automotive | |||
Research and development costs | $ 190,803 | ||
Hampshire Avenue | |||
Proceeds from Notes payable | 82,992 | ||
Loan interest rate per annum | 4.00% | ||
Interest expense | 3,399 | ||
Common stock for debt, value | $ 410,285 | ||
Common stock for debt, shares | 577,428 | ||
Debt forgiven by shareholders | $ 758 | ||
Former CTO | |||
Management fees | $ 7,500 |
Equipment Disclosure_ Changes_2
Equipment Disclosure: Changes in Book Value of Equipment (Details) - USD ($) | 3 Months Ended | |||
Jan. 31, 2022 | Jan. 31, 2021 | Oct. 31, 2021 | Oct. 31, 2020 | |
Details | ||||
Increase (decrease) in equipment | $ 2,760 | |||
Amortization of equipment | $ 339 | $ 990 | ||
Foreign exchange effect on equipment | (21) | $ (31) | ||
Equipment, net | $ 1,592 | $ 1,952 | $ 213 |
Notes Payable Disclosure_ Sch_2
Notes Payable Disclosure: Schedule of Notes Payable (Details) - USD ($) | 3 Months Ended | |||
Jan. 31, 2022 | Jan. 31, 2021 | Oct. 31, 2021 | Oct. 31, 2020 | |
Details | ||||
Notes payable | $ 106,306 | $ 106,892 | $ 67,429 | |
Interest expense | $ 1,448 | $ 4,572 |
Notes Payable Disclosure (Detai
Notes Payable Disclosure (Details) - USD ($) | Jan. 31, 2022 | Oct. 31, 2021 |
6% Note Payable | ||
Interest accrued on defer repayment | $ 1,145 | $ 1,060 |
4% Note Payable | ||
Interest accrued on defer repayment | $ 303 |
Subsequent Events (Details)
Subsequent Events (Details) | 2 Months Ended |
Mar. 22, 2022USD ($)shares | |
Stock issued for cash, shares | shares | 2,511,962 |
Stock issued for cash, value | $ | $ 502,392 |
Common stock for compensation, shares | shares | 240,000 |
Common stock for compensation, value | $ | $ 48,000 |
Common stock for services, shares | shares | 150,000 |
Common stock for services, value | $ | $ 76,950 |
Mr. Lim, Director | |
Common stock for debt, value | $ | $ 102,628 |
Common stock for debt, shares | shares | 513,140 |
Mr. Ong See-Ming, Director | |
Common stock for debt, value | $ | $ 30,000 |
Common stock for debt, shares | shares | 150,000 |