Cover
Cover - shares | 3 Months Ended | |
Feb. 28, 2023 | Apr. 12, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Feb. 28, 2023 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --11-30 | |
Entity File Number | 000-55517 | |
Entity Registrant Name | PUREBASE CORPORATION | |
Entity Central Index Key | 0001575858 | |
Entity Tax Identification Number | 27-2060863 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 8631 State Highway, 124 | |
Entity Address, City or Town | Ione | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 95640 | |
City Area Code | (209) | |
Local Phone Number | 274-9143 | |
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 | 230,453,005 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Feb. 28, 2023 | Nov. 30, 2022 |
Current Assets: | ||
Cash and cash equivalents | $ 21,423 | $ 19,055 |
Accounts receivable, net of allowances for uncollectables of zero | 53,880 | |
Prepaid expenses and other assets | 2,957 | 4,731 |
Total Current Assets | 78,260 | 23,786 |
Property and equipment, net | 620,000 | 620,000 |
Right of use asset | 69,649 | 79,599 |
Total Assets | 767,909 | 723,385 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 236,006 | 115,478 |
Settlement liability | 400,000 | 400,000 |
Lease liability, current | 39,372 | 38,882 |
Convertible notes payable, related party | 42,000 | 36,000 |
Total Current Liabilities | 736,094 | 644,076 |
Lease liability, net of current portion | 30,852 | 40,880 |
Convertible notes payable; related party, net of current portion | 919,209 | 610,889 |
Total Liabilities | 1,686,155 | 1,295,845 |
Commitments and Contingencies (Note 9) | ||
Stockholders’ Deficit: | ||
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding, at February 28, 2023 and November 30, 2022 | ||
Common stock, $0.001 par value; 520,000,000 shares authorized; 230,453,005 and 230,753,005 shares issued and outstanding, at February 28, 2023 and November 30, 2022, respectively | 160,050 | 160,350 |
Additional paid in capital | 58,396,152 | 52,910,839 |
Accumulated deficit | (59,474,448) | (53,643,649) |
Total Stockholders’ Deficit | (918,246) | (572,460) |
Total Liabilities and Stockholders’ Deficit | 767,909 | 723,385 |
Officer [Member] | ||
Current Liabilities: | ||
Notes payable | 18,716 | 28,716 |
Related Party [Member] | ||
Current Liabilities: | ||
Notes payable | $ 25,000 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) | Feb. 28, 2023 | Nov. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Allowances for uncollectables | $ 0 | $ 0 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common Stock, shares authorized | 520,000,000 | 520,000,000 |
Common Stock, shares issued | 230,453,005 | 230,753,005 |
Common Stock, shares outstanding | 230,453,005 | 230,753,005 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | |
Income Statement [Abstract] | ||
Revenue, net | $ 52,256 | |
Operating Expenses: | ||
Selling, general and administrative | 5,886,870 | 11,200,401 |
Product fulfillment | 22,463 | 3,252 |
Total Operating Expenses | 5,909,333 | 11,203,653 |
Loss From Operations | (5,857,077) | (11,203,653) |
Other Income (Expense): | ||
Other income | 35,401 | 2,007 |
Interest expense | (9,123) | (20,898) |
Total Other Income (Expense) | 26,278 | (18,891) |
Net Loss | $ (5,830,799) | $ (11,222,544) |
Loss per Common Share - Basic and Diluted | $ (0.03) | $ (0.05) |
Weighted Average Shares Outstanding - Basic and Diluted | 230,749,672 | 215,380,751 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Nov. 30, 2021 | $ 144,977 | $ 18,730,863 | $ (21,061,224) | $ (2,185,384) | |
Beginning balance, shares at Nov. 30, 2021 | 215,380,751 | ||||
Stock based compensation - shares | 10,949,738 | 10,949,738 | |||
Net loss | (11,222,544) | (11,222,544) | |||
Ending balance, value at Feb. 28, 2022 | $ 144,977 | 29,680,601 | (32,283,768) | (2,458,190) | |
Ending balance, shares at Feb. 28, 2022 | 215,380,751 | ||||
Beginning balance, value at Nov. 30, 2022 | $ 160,350 | 52,910,839 | (53,643,649) | (572,460) | |
Beginning balance, shares at Nov. 30, 2022 | 230,753,005 | ||||
Stock based compensation - shares | 5,485,013 | 5,485,013 | |||
Net loss | (5,830,799) | (5,830,799) | |||
Settlement share surrender | $ (300) | 300 | |||
Settlement share surrender, shares | (300,000) | ||||
Ending balance, value at Feb. 28, 2023 | $ 160,050 | $ 58,396,152 | $ (59,474,448) | $ (918,246) | |
Ending balance, shares at Feb. 28, 2023 | 230,453,005 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | |
Cash Flows From Operating Activities: | ||
Net loss | $ (5,830,799) | $ (11,222,544) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock based compensation | 5,485,013 | 10,949,738 |
Amortization of debt discount | 5,329 | |
Non-cash director compensation | 6,000 | |
Non-cash effect of right of use asset | (52) | |
Gain on debt forgiveness | (35,401) | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (53,880) | |
Prepaid expenses and other assets | 1,774 | (8,470) |
Right of use asset | 9,950 | |
Accounts payable and accrued expenses | 139,249 | 36,455 |
Lease liability | (9,538) | |
Net Cash Used In Operating Activities | (287,632) | (239,544) |
Cash Flows From Financing Activities: | ||
Advances from related party | 300,000 | 118,000 |
Payments on notes payable, related party | (10,000) | |
Net Cash Provided By Financing Activities | 290,000 | 118,000 |
Net Increase (Decrease) In Cash and Cash Equivalents | 2,368 | (121,544) |
Cash and Cash Equivalents- Beginning of Period | 19,055 | 132,309 |
Cash and Cash Equivalents - End of Period | 21,423 | 10,765 |
Cash paid for: | ||
Interest paid | ||
Income taxes paid | ||
Noncash operating and financing activities: | ||
Vendors paid for on behalf of the Company by USMC | 8,320 | 2,284 |
Due to affiliates exchanged for convertible debt | 300,000 | |
Director compensation - accrued as convertible debt | $ 6,000 |
ORGANIZATION AND BUSINESS OPERA
ORGANIZATION AND BUSINESS OPERATIONS | 3 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND BUSINESS OPERATIONS | NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS Corporate Overview Purebase Corporation (“Purebase” or the “Company”) was incorporated in the State of Nevada March 2, 2010 The Company is headquartered in Ione, California. Agricultural Sector The Company develops specialized fertilizers, sun protectants, soil amendments and bio-stimulants for organic and non-organic sustainable agriculture. The Company has developed and will seek to develop additional products derived from mineralized materials of leonardite, kaolin clay, laterite, and other natural minerals. These mineral and soil amendments are used to protect crops, plants and fruits from the sun and winter damage, to provide nutrients to plants, and to improve dormancy and soil ecology to help farmers increase the yields of their harvests. The Company is building a brand family under the parent trade name “Purebase,” consisting of its Purebase Shade Advantage (WP) product, a kaolin-clay based sun protectant for crops and Humic Advantage a humic acid product derived from leonardite. Construction Sector The Company has been developing and testing a kaolin-based product that it believes will help create a lower CO2-emitting concrete through the use of high-quality supplementary cementitious materials (“SCMs”). The Company is developing a SCM that it believes can potentially replace up to 40% of cement, the most polluting part of concrete. As government agencies continue to enact stricter requirements for less-polluting forms of concrete, the Company believes there are significant opportunities for high-quality SCM products in the construction-materials sector. The Company utilizes the services of US Mine Corporation (“USMC”), a Nevada corporation and a significant shareholder of the Company, for the development and contract mining of industrial mineral and metal projects, exploration drilling, preparation of feasibility studies, mine modeling, on-site construction, production, site reclamation and for product fulfillment. Exploration services include securing necessary permits, environmental compliance, and reclamation plans. In addition, a substantial portion of the minerals used by the Company are obtained from properties owned or controlled by USMC. A. Scott Dockter, the Company’s Principal Executive Officer and a director, and John Bremer, a director, are also officers, directors and owners of USMC. |
GOING CONCERN AND LIQUIDITY
GOING CONCERN AND LIQUIDITY | 3 Months Ended |
Feb. 28, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN AND LIQUIDITY | NOTE 2 – GOING CONCERN AND LIQUIDITY The accompanying condensed consolidated financial statements have been prepared on the basis that the Company will continue as a going concern, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business. As of February 28, 2023, the Company had a significant accumulated deficit of $ 59,474,448 657,834 5,857,077 287,632 The Company’s plan, through the continued promotion of its products to existing and potential customers, is to generate sufficient revenues to cover its anticipated expenses. The Company is currently exploring several options to meet its short-term cash requirements, including issuances of equity securities or equity-linked securities to USMC and other third parties. Although no assurances can be given as to the Company’s ability to deliver on its revenue plans or that unforeseen expenses may arise, management currently believes that the revenue to be generated from operations together with equity and debt financing, including funding from USMC in connection with the March 23, 2022 securities purchase agreement and March 7, 2023 securities purchase agreement, will provide the necessary funding for the Company to continue as a going concern for the next twelve months. The March 23, 2022 securities purchase agreement provides for the issuance by the Company of up to an aggregate of $ 1,000,000 5 0.39 919,209 80,791 1,000,000 8 0.10 160,000 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) including Form 10-Q and Regulation S-X. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments, unless otherwise indicated) which are, in the opinion of management, necessary to fairly state the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted pursuant to such rules and regulations. These financial statements and the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” should be read in conjunction with the audited financial statements and notes thereto for the year ended November 30, 2022 in our Annual Report on Form 10-K filed on February 28, 2023 with the SEC. The results of the three months ended March 31, 2023 (unaudited) are not necessarily indicative of the results to be expected for the full year ending November 30, 2023. Principles of Consolidation These condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries PureBase AG and Purebase SCM. Intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and equity-based transactions at the date of the financial statements and the revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. The Company believes the following critical accounting policies affect its more significant judgments and estimates used in the preparation of the condensed consolidated financial statements. Significant estimates include the allowance for doubtful accounts, useful lives of property and equipment, deferred tax asset and valuation allowance, and assumptions used in the Black-Scholes valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate. Revenue The Company accounts for revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers Practical Expedients As part of ASC Topic 606, the Company has adopted several practical expedients including: ● Si ● Unsatisfied Performance Obligations – all performance obligations related to contracts with a duration for less than one year, the Company has elected to apply the optional exemption provided in ASC Topic 606 and therefore is not required to disclose the aggregate amount of transaction price allocated to performance obligations that are unsatisfied or partially satisfied at the end of the reporting period. ● Shipping and Handling Activities – the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation. ● Right to Invoice – the Company has a right to consideration from a customer in an amount that corresponds directly with the value provided to the customer of the Company’s performance completed to date. The Company may recognize revenue in the amount to which the entity has a right to invoice. Disaggregated Revenue Revenue consists of the following by product offering for the three months ended February 28, 2023: SCHEDULE OF DISAGGREGATED REVENUE CROP WHITE II SHADE ADVANTAGE (WP) SulFe Hume Si ADVANTAGE Total $ - $ 776 $ 51,480 $ 52,256 The Company did not have any revenue for the three months ended February 28, 2022. Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. There were no Accounts Receivable The Company periodically assesses its accounts and other receivables for collectability on a specific identification basis. If collectability of an account becomes unlikely, an allowance is recorded for that doubtful account. As of February 28, 2023 and November 30, 2022, the Company has determined that no Property and Equipment Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, generally three five years SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT Equipment 3 5 Autos and trucks 5 Maintenance and repairs are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations. The Company currently has $ 620,000 Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets. No Shipping and Handling The Company incurs shipping and handling costs which are charged back to the customer. The Company incurred shipping and handling costs of $ 2,400 no Advertising and Marketing Costs The Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were $ 0 12,040 Fair Value Measurements As defined in ASC 820, “ Fair Value Measurements and Disclosures Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2: Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3: Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Fair Value of Financial Instruments The carrying value of cash, accounts receivable, accounts payable and accrued expenses approximate their fair values based on the short-term maturity of these instruments. The carrying amount of notes approximates the estimated fair value for these financial instruments as management believes that such notes constitute substantially all of the Company’s debt and interest payable on the notes approximates the Company’s incremental borrowing rate. Loss Per Common Share Net loss per share of common stock is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the three-month periods ended February 28, 2023 and 2022. All outstanding options are considered potential common stock. The dilutive effect, if any, of stock options are calculated using the treasury stock method. All outstanding convertible notes are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. Since the effect of common stock equivalents is anti-dilutive with respect to losses, outstanding options have been excluded from the Company’s computation of net loss per share of common stock for the three months ended February 28, 2023 and February 28, 2022. The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive due to the Company’s net loss position even though the exercise price could be less than the average market price of the common stock: SCHEDULE OF OUTSTANDING SHARES EXCLUDED FROM DILUTED LOSS PER SHARE Three Months Ended, February 28, 2023 February 28, 2022 Convertible Notes 2,753,278 6,250,000 Stock Options 128,688,187 1,595,000 Total 131,441,465 7,845,000 Stock-Based Compensation The Company applies the provisions of ASC 718, Compensation—Stock Compensation For stock options issued to employees and members of the Company’s Board of Directors (the “Board”) for their services, the Company estimates the grant date fair value of each option using the Black-Scholes option pricing model. The use of the Black-Scholes option pricing model requires management to make assumptions with respect to the expected term of the option, the expected volatility of the common stock consistent with the expected life of the option, risk-free interest rates and expected dividend yields of the common stock. For awards subject to service-based vesting conditions, including those with a graded vesting schedule, the Company recognizes stock-based compensation expense equal to the grant date fair value of stock options on a straight-line basis over the requisite service period, which is generally the vesting term. Forfeitures are recorded as they are incurred as opposed to being estimated at the time of grant and revised. Pursuant to ASU 2018-07 Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting Leases With the adoption of ASC 842, Leases The Company leases its corporate offices. All of the leases are classified as operating leases. The Company is a party to a two-year lease with USMC for 1,000 700 3,500 1.6 5 In accordance with ASC 842, the Company recognized a ROU asset and corresponding lease liability on the condensed consolidated balance sheet for long-term office leases. See Note 7 – Leases for further discussion, including the impact on the accompanying unaudited condensed consolidated financial statements and related disclosures. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the condensed consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company utilizes ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the condensed consolidated financial statements or tax returns. The Company accounts for income taxes using the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized. For uncertain tax positions that meet a “more likely than not” threshold, the Company recognizes the benefit of uncertain tax positions in the condensed consolidated financial statements. The Company’s practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense in the condensed consolidated statements of operations. Exploration Stage In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time as the Company exits the e s was not engaged in Mineral Rights Acquisition costs of mineral rights are capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time as the Company exits the exploration stage by establishing proven or probable reserves, as defined by the SEC under Industry Guide 7, through the completion of a “final” or “bankable” feasibility study. Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred. Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves upon commencement of production using the units-of-production method. Where proven and probable reserves have not been established, such capitalized expenditures are depleted over the estimated production life upon commencement of extraction using the straight-line method. The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis or when indicators of impairment exist. Should management determine that these carrying values cannot be recovered, the unrecoverable amounts are written off against earnings. As of February 28, 2023 and 2022, the Company did not have any capitalized mineral rights. Recent Accounting Pronouncements All newly issued but not yet effective accounting pronouncements have been deemed to be not applicable or immaterial to the Company. |
MINING RIGHTS
MINING RIGHTS | 3 Months Ended |
Feb. 28, 2023 | |
Extractive Industries [Abstract] | |
MINING RIGHTS | NOTE 4 – MINING RIGHTS Snow White Mine located in San Bernardino County, CA – Deposit On November 28, 2014 US Mining and Minerals Corporation entered into a Purchase Agreement in which it agreed to sell its fee simple property interest and certain mining claims to USMC. In contemplation of the Plan and Agreement of Reorganization, on December 1, 2014, USMC, assigned its rights and obligations under the Purchase Agreement to the Company pursuant to an Assignment of Purchase Agreement. As a result of the Assignment, the Company assumed the purchaser position under the Purchase Agreement. The Purchase Agreement involves the sale of approximately 280 5 50,000 600,000 25,000 575,000 575,000 3,500 On April 1, 2020, the Company entered into a purchase and sale agreement with the Bremer Family 1995 Living Trust (the “Trust”), pursuant to which the Company will purchase the Snow White Mine for $ 836,000 5 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 3 Months Ended |
Feb. 28, 2023 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment consisted of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT February 28, 2023 November 30, 2022 Furniture and equipment $ 6,952 $ 6,952 Machinery and equipment 35,151 35,151 Automobiles and trucks 25,061 25,061 Construction in process 620,000 620,000 Property and equipment, gross 687,164 687,164 Less: accumulated depreciation (67,164 ) (67,164 ) Property and equipment, net $ 620,000 $ 620,000 There was no |
NOTES PAYABLE
NOTES PAYABLE | 3 Months Ended |
Feb. 28, 2023 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 6 – NOTES PAYABLE Bayshore Capital Advisors, LLC On February 26, 2016, the Company issued a promissory note to Bayshore Capital Advisors, LLC (“Bayshore Capital”), an affiliate through common ownership of a 10 25,000 6 August 26, 2016 25,000 10,146 255 370 A. Scott Dockter – President and Chief Executive Officer On August 31, 2017, the Company issued a note in the amount of $ 197,096 6 10,000 0 379 869 18,716 28,716 41,545 41,167 Convertible Promissory Notes – USMC December 1, 2019 On December 1, 2019, in connection with the September 26, 2019 securities purchase agreement with USMC (See Note 12), the Company issued a convertible promissory note in the amount of $ 20,000 December 31, 2021 5 0.16 April 30, 2022 20,000 2,351 139,692 The issuance of Tranche #1 resulted in a discount from the beneficial conversion feature totaling $ 20,000 0 815 0 250 January 1, 2020 On January 1, 2020, in connection with the September 26, 2019 securities purchase agreement with USMC (See Note 12), the Company issued a convertible promissory note in the amount of $ 86,000 January 1, 2022 5 0.16 April 30, 2022 86,000 9,743 598,392 The issuance of Tranche #2 resulted in a discount from the beneficial conversion feature totaling $ 32,250 0 1,412 0 1,060 February 1, 2020 On February 1, 2020, in connection with the September 26, 2019 securities purchase agreement with USMC (See Note 12), the Company issued a convertible promissory note in the amount of $ 72,000 February 1, 2022 5 0.16 April 30, 2022 72,000 7,851 499,068 The issuance of Tranche #3 resulted in a discount from the beneficial conversion feature totaling $ 36,000 0 3,103 0 900 December 1, 2020 On December 1, 2020, in connection with the September 26, 2019 securities purchase agreement with USMC (See Note 12), the Company issued a convertible promissory note in the amount of $ 822,000 November 25, 2022 5 0.16 822,000 55,401 5,483,753 0 10,100 March 17, 2021 On March 17, 2021, in connection with the March 11, 2021 securities purchase agreement with USMC (see Note 12), the Company issued a convertible promissory note in the amount of $ 579,769 March 17, 2023 5 0.088 579,769.39 30,656 6,936,656 0 7,150 March 14, 2022 On March 14, 2022, in connection with the November 25, 2020 securities purchase agreement with USMC (see Note 12), the Company issued a convertible promissory note in the amount of $ 884,429 March 14, 2024 5 0.088 884,492 2,908 10,084,093 0 August 30, 2022 On August 30, 2022, in connection with the April 7, 2022 securities purchase agreement with USMC (see Note 12), the Company issued a convertible promissory note in the amount of $ 470,862 August 30, 2024 5 0.39 5,805 November 29, 2022 On November 29, 2022, in connection with the April 7, 2022 securities purchase agreement with USMC (see Note 12), the Company issued a convertible promissory note in the amount of $ 140,027 August 30, 2024 5 0.39 1,726 February 28, 2023 On February 28, 2023, in connection with the April 7, 2022 securities purchase agreement with USMC (see Note 12), the Company issued a convertible promissory note in the amount of $ 308,320 February 28, 2025 5 0.39 0 March 20, 2023 On March 20, 2023, the Company entered into a securities purchase agreement with USMC, effective March 7, 2023 1,000,000 8 0.10 160,000 Convertible Debt – Board of Directors On April 8, 2021, the Company entered into a twelve month director agreement with Jeffrey Guzy, as amended on August 26, 2022 (the “Guzy Director Agreement”) pursuant to which Mr. Guzy will serve as a director of the Company, which agreement will automatically renew (the “Renewal Date”) for successive one-year terms unless either party notifies the other of its desire not to renew the Agreement within 30 days of the expiration of the then current term. As compensation therefor, Mr. Guzy is entitled to a cash fee of $ 1,000 0 23,000 On August 13, 2021, the Company entered into a twelve month director agreement with Dr. Kurtis, as amended on August 26, 2022 (the “Kurtis Director Agreement”) pursuant to which Dr. Kurtis will provide up to five hours per month of board services, which agreement will automatically renew for successive one-year terms unless either party notifies the other of its desire not to renew the Agreement within 30 days of the expiration of the then current term. As compensation therefor, Dr. Kurtis is entitled to a cash fee of $ 1,000 19,000 |
LEASES
LEASES | 3 Months Ended |
Feb. 28, 2023 | |
Leases | |
LEASES | NOTE 7 – LEASES The following table presents net lease cost and other supplemental lease information: SCHEDULE OF LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION Three Months Ended February 28, 2023 Lease cost Operating lease cost (cost resulting from lease payments) $ 10,500 Short term lease cost - Sublease income - Net lease cost $ 10,500 Operating lease – operating cash flows (fixed payments) $ 10,500 Operating lease – operating cash flows (liability reduction) $ 9,538 Non-current leases – right of use assets $ 69,649 Current liabilities – operating lease liabilities $ 39,372 Non-current liabilities – operating lease liabilities $ 30,852 Three Months Ended February 28, 2022 Lease cost Operating lease cost (cost resulting from lease payments) $ 4,500 Short term lease cost - Sublease income - Net lease cost $ 4,500 Operating lease – operating cash flows (fixed payments) $ 4,500 Operating lease – operating cash flows (liability reduction) $ 4,107 Non-current leases – right of use assets $ 28,434 Current liabilities – operating lease liabilities $ 15,504 Non-current liabilities – operating lease liabilities $ 13,223 Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases following the three months ended February 28, 2023: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Fiscal Year Operating Leases Remainder of 2023 $ 42,000 2024 31,500 Total future minimum lease payments 73,500 Amount representing interest (3,276 ) Present value of net future minimum lease payments $ 70,224 |
ACCOUNTS PAYABLE AND ACCRUED EX
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | 3 Months Ended |
Feb. 28, 2023 | |
Payables and Accruals [Abstract] | |
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | NOTE 8 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following amounts as of: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES February 28, 2023 November 30, 2022 Accounts payable $ 145,349 $ 30,078 Accrued interest – related party 55,030 57,226 Accrued compensation 35,627 28,134 Accounts payable and accrued expenses $ 236,006 $ 115,478 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Feb. 28, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 9 – COMMITMENTS AND CONTINGENCIES Office and Rental Property Leases The Company is leasing office space from USMC, a company that is owned by the Company’s majority shareholders and directors. A. Scott Dockter and John Bremer (See Note 12). Mineral Properties The Company’s mineral rights require various annual lease payments (See Note 4). Legal Matters On July 8, 2020, the Company’s former Chief Financial Officer, Al Calvanico (“Calvanico”), filed a demand for arbitration alleging retaliation, wrongful termination, and demand for a minimum of $ 600,000 On March 29, 2019, the Company was served with a complaint filed by Superior Soils Supplements LLC (“Superior Soils”) in the Superior Court of the State of California in and for the County of Kings (Case #19C-0124) relating to 64 truckloads of soil amendments delivered to a customer by the Company on behalf of Superior Soils. Superior Soils alleged that the soil amendments were not labeled correctly requiring the entire shipment of product to be returned to the Company. The complaint alleges breach of contract, misrepresentations, fraudulent concealment and unfair competition. The complaint seeks damages of approximately $ 400,000 400,000 Contractual Matters On November 1, 2013, we entered into an agreement with USMC, in which USMC provides various technical evaluations and mine development services for the Company with regard to the various mining properties/rights owned by the Company. Terms of services and compensation will be determined for each project undertaken by USMC. On October 12, 2018, the Board approved a material supply agreement with USMC, pursuant to which USMC provides designated natural resources to the Company at predetermined prices (see Note 12). |
STOCKHOLDERS_ EQUITY
STOCKHOLDERS’ EQUITY | 3 Months Ended |
Feb. 28, 2023 | |
Equity [Abstract] | |
STOCKHOLDERS’ EQUITY | Note 10 - STOCKHOLDERS’ EQUITY On May 19, 2022, the Company entered into an agreement with Newbridge Securities Corporation (“Newbridge”) for a twelve-month term, pursuant to which Newbridge provided investment banking and corporate advisory services to the Company. As consideration therefor, the Company issued Newbridge 300,000 0.35 |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 3 Months Ended |
Feb. 28, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
STOCK-BASED COMPENSATION | Note 11 – STOCK-BASED COMPENSATION The Company accounted for its stock-based compensation in accordance with the fair value recognition provisions of FASB ASC Topic 718, “Compensation – Stock Compensation.” 2017 Equity Incentive Plan On November 10, 2017 the Board approved the 2017 PureBase Corporation Stock Option Plan which is intended to be a qualified stock option plan (the “Option Plan”). The Board reserved 10,000,000 128,688,187 The Company has also granted options to purchase an aggregate of 500,000 On June 3, 2022, in connection with the settlement agreement with Agregen, Robert Hurtado, James Todd Gauer and John Gingerich, the Company granted James Todd Gauer an immediately exercisable option to purchase 8,669,400 2.50 1,856,151 On August 26, 2022, the Company granted an immediately exercisable options to purchase an aggregate of 2,223,787 0.24 522,411 SCHEDULE OF BLACK-SCHOLES OPTION MODEL ASSUMPTIONS Grant Date Number of Options Stock Price Exercise Price Expected Volatility Risk-free Interest Rate Dividend Rate Expected Term Fair Value 4/8/2021 250,000 $ 0.15 $ 0.10 281.00 % 0.85 % 0.00 % 2.50 $ 36,708 8/13/2021 200,000 $ 0.46 $ 0.36 266.00 % 0.79 % 0.00 % 3.50 $ 90,944 10/6/2021 116,000,000 $ 0.38 $ 0.38 278.00 % 1.26 % 0.00 % 3.88 $ 43,808,780 6/3/2022 8,669,400 $ 0.22 $ 2.50 274.50 % 2.95 % 0.00 % 3.5 $ 1,856,151 8/26/2022 1,734,615 $ 0.24 $ 0.24 269.24 % 3.20 % 0.00 % 3.5 $ 411,668 8/26/2022 242,424 $ 0.24 $ 0.24 276.76 % 3.20 % 0.00 % 3.0 $ 57,264 8/26/2022 246,748 $ 0.24 $ 0.24 207.37 % 3.20 % 0.00 % 2.5 $ 53,479 The Company did not grant stock options during the three months ended February 28, 2023 and February 28, 2022. The weighted average non-vested grant date fair value of non-vested options was $ 1,819,638 10,917,826 Compensation based stock option activity for qualified and unqualified stock options are summarized as follows: SCHEDULE OF STOCK OPTION ACTIVITY Weighted Number Average of Shares Exercise Price Outstanding at November 30, 2021 117,795,000 $ 0.39 Granted - - Exercised - - Expired or cancelled - - Outstanding at February 28, 2022 117,795,000 0.39 Outstanding at November 30, 2022 128,688,187 $ 0.53 Granted - - Exercised - - Expired or cancelled - - Outstanding at February 28, 2023 128,688,187 $ 0.53 The following table summarizes information about options to purchase shares of the Company’s common stock outstanding and exercisable at February 28, 2023: SCHEDULE OF STOCK OPTION SHARES OUTSTANDING AND EXERCISABLE Weighted- Weighted- Average Average Exercise Outstanding Remaining Life Exercise Number Price Options In Years Price Exercisable $ 0.099 400,000 1.64 $ 0.099 400,000 0.10 645,000 2.78 0.10 645,000 0.12 50,000 5.82 0.12 50,000 0.24 2,223,787 4.41 0.24 2,223,787 0.36 200,000 3.70 0.36 200,000 0.38 116,000,000 5.84 0.38 87,000,000 2.50 8,669,400 4.51 2.50 8,669,400 3.00 500,000 3.25 3.00 500,000 128,688,187 5.68 $ 0.53 99,688,187 The compensation expense attributed to the issuance of the options is recognized as options vest. The stock options granted are exercisable over various terms from thee to ten years vest over various terms from the grant date to five years Total compensation expense related to the options was $ 5,485,013 10,949,738 1,819,638 As of February 28, 2023 none 0.08 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Feb. 28, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 12 – RELATED PARTY TRANSACTIONS Bayshore Capital Advisors, LLC On February 26, 2016, the Company issued a promissory note to Bayshore Capital Advisors, LLC (“Bayshore Capital”), an affiliate through common ownership of a 10 25,000 6 August 26, 2016 25,000 10,146 255 370 US Mine Corporation The Company entered into a contract mining agreement with USMC, a company which A. Scott Dockter, the Company’s Chief Executive Officer and a director and John Bremer, a director, each own 33% 21,914 0 8,320 2,284 300,000 118,000 USMC Notes The Company has entered into one or more securities purchase agreements with USMC pursuant to which USMC may purchase the Company’s unsecured convertible promissory notes (see Note 6). The outstanding balance on the convertible notes due to USMC was $ 919,209 610,889 7,532 26,991 USMC Mining Agreements On April 22, 2020, the Company entered into a Material Supply Agreement (the “Supply Agreement”) with USMC which amended the prior Materials Supply Agreement entered into on October 12, 2018. Under the terms of the Supply Agreement, all kaolin clay purchased by the Company from USMC under the Supply Agreement must be used exclusively for agricultural products and supplementary cementitious materials. The Company will pay $ 25 145 5 21,914 0 280,356 US Mine LLC On May 27, 2021, the Company entered into the Materials Extraction Agreement with US Mine, LLC, pursuant to which the Company acquired the right to extract up to 100,000,000 of certain raw clay materials. The Materials Extraction Agreement is effective until 100,000,000 tons of material are extracted 50,000,000 2.5 0.43 The noteholder may convert (i) up to 50% of the outstanding balance on or after such date as the Company’s common stock is listed for trading on any national securities exchange, (ii) up to an additional 25% of the outstanding balance on or after the six-month anniversary of such initial trading date, and (iii) the remaining 25% on or after the twelve-month anniversary of such initial trading date. In addition, the Company will pay US Mine, LLC a royalty fee of $ 5.00 On October 6, 2021, and prior to consummation of activities under the Materials Extraction Agreement, the Company and US Mine, LLC executed an amendment to the Materials Extraction Agreement (the “Amendment”). Pursuant to the Amendment, the US Mine Note was retroactively rescinded, ab initio and an option to purchase an aggregate of 116,000,000 0.38 58,000,000 29,000,000 29,000,000 5,458,913 Transactions with Officers On August 31, 2017, the Company issued a note in the amount of $ 197,096 6 10,000 0 18,716 28,716 379 869 41,545 41,167 Convertible Debt – Board of Directors On April 8, 2021, the Company entered into the Guzy Director Agreement (see Note 6) pursuant to which Mr. Guzy will serve as a director of the Company, which agreement will automatically renew for successive one-year terms unless either party notifies the other of its desire not to renew the Agreement within 30 days of the expiration of the then current term. As compensation therefor, Mr. Guzy is entitled to a cash fee of $ 1,000 0 On August 13, 2021, the Company entered into the Kurtis Director Agreement (see Note 6) pursuant to which Dr. Kurtis will provide up to five hours per month of board services, which agreement will automatically renew for successive one-year terms unless either party notifies the other of its desire not to renew the Agreement within 30 days of the expiration of the then current term. As compensation therefor, Dr. Kurtis is entitled to a cash fee of $ 1,000 Leases On October 1, 2020, the Company entered into a two-year lease agreement for its office space with USMC with a monthly rent of $ 1,500 two years 700 3,500 |
CONCENTRATION OF CREDIT RISK
CONCENTRATION OF CREDIT RISK | 3 Months Ended |
Feb. 28, 2023 | |
Risks and Uncertainties [Abstract] | |
CONCENTRATION OF CREDIT RISK | NOTE 13 – CONCENTRATION OF CREDIT RISK Cash Deposits Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 Revenues Two customers accounted for 100 SCHEDULE OF CONCENTRATION OF CREDIT RISK Customer A 99 % Customer B 1 % The Company had no Accounts Receivable One customer accounted for 100 no Vendors One supplier accounted for 100 Four suppliers accounted for 70 Vendor A 22 % Vendor B 18 % Vendor C 16 % Vendor D 14 % |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Feb. 28, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 14 – SUBSEQUENT EVENTS In accordance with ASC 855, Subsequent Events On March 20, 2023, the Company entered into a securities purchase agreement with USMC, effective March 7, 2023, pursuant to which USMC may purchase up to $ 1,000,000 8 0.10 160,000 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) including Form 10-Q and Regulation S-X. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments, unless otherwise indicated) which are, in the opinion of management, necessary to fairly state the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted pursuant to such rules and regulations. These financial statements and the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” should be read in conjunction with the audited financial statements and notes thereto for the year ended November 30, 2022 in our Annual Report on Form 10-K filed on February 28, 2023 with the SEC. The results of the three months ended March 31, 2023 (unaudited) are not necessarily indicative of the results to be expected for the full year ending November 30, 2023. |
Principles of Consolidation | Principles of Consolidation These condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries PureBase AG and Purebase SCM. Intercompany accounts and transactions have been eliminated upon consolidation. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and equity-based transactions at the date of the financial statements and the revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. The Company believes the following critical accounting policies affect its more significant judgments and estimates used in the preparation of the condensed consolidated financial statements. Significant estimates include the allowance for doubtful accounts, useful lives of property and equipment, deferred tax asset and valuation allowance, and assumptions used in the Black-Scholes valuation methods, such as expected volatility, risk-free interest rate, and expected dividend rate. |
Revenue | Revenue The Company accounts for revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers Practical Expedients As part of ASC Topic 606, the Company has adopted several practical expedients including: ● Si ● Unsatisfied Performance Obligations – all performance obligations related to contracts with a duration for less than one year, the Company has elected to apply the optional exemption provided in ASC Topic 606 and therefore is not required to disclose the aggregate amount of transaction price allocated to performance obligations that are unsatisfied or partially satisfied at the end of the reporting period. ● Shipping and Handling Activities – the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation. ● Right to Invoice – the Company has a right to consideration from a customer in an amount that corresponds directly with the value provided to the customer of the Company’s performance completed to date. The Company may recognize revenue in the amount to which the entity has a right to invoice. Disaggregated Revenue Revenue consists of the following by product offering for the three months ended February 28, 2023: SCHEDULE OF DISAGGREGATED REVENUE CROP WHITE II SHADE ADVANTAGE (WP) SulFe Hume Si ADVANTAGE Total $ - $ 776 $ 51,480 $ 52,256 The Company did not have any revenue for the three months ended February 28, 2022. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. There were no |
Accounts Receivable | Accounts Receivable The Company periodically assesses its accounts and other receivables for collectability on a specific identification basis. If collectability of an account becomes unlikely, an allowance is recorded for that doubtful account. As of February 28, 2023 and November 30, 2022, the Company has determined that no |
Property and Equipment | Property and Equipment Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, generally three five years SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT Equipment 3 5 Autos and trucks 5 Maintenance and repairs are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations. The Company currently has $ 620,000 |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets. No |
Shipping and Handling | Shipping and Handling The Company incurs shipping and handling costs which are charged back to the customer. The Company incurred shipping and handling costs of $ 2,400 no |
Advertising and Marketing Costs | Advertising and Marketing Costs The Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were $ 0 12,040 |
Fair Value Measurements | Fair Value Measurements As defined in ASC 820, “ Fair Value Measurements and Disclosures Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2: Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3: Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The carrying value of cash, accounts receivable, accounts payable and accrued expenses approximate their fair values based on the short-term maturity of these instruments. The carrying amount of notes approximates the estimated fair value for these financial instruments as management believes that such notes constitute substantially all of the Company’s debt and interest payable on the notes approximates the Company’s incremental borrowing rate. |
Loss Per Common Share | Loss Per Common Share Net loss per share of common stock is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the three-month periods ended February 28, 2023 and 2022. All outstanding options are considered potential common stock. The dilutive effect, if any, of stock options are calculated using the treasury stock method. All outstanding convertible notes are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. Since the effect of common stock equivalents is anti-dilutive with respect to losses, outstanding options have been excluded from the Company’s computation of net loss per share of common stock for the three months ended February 28, 2023 and February 28, 2022. The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive due to the Company’s net loss position even though the exercise price could be less than the average market price of the common stock: SCHEDULE OF OUTSTANDING SHARES EXCLUDED FROM DILUTED LOSS PER SHARE Three Months Ended, February 28, 2023 February 28, 2022 Convertible Notes 2,753,278 6,250,000 Stock Options 128,688,187 1,595,000 Total 131,441,465 7,845,000 |
Stock-Based Compensation | Stock-Based Compensation The Company applies the provisions of ASC 718, Compensation—Stock Compensation For stock options issued to employees and members of the Company’s Board of Directors (the “Board”) for their services, the Company estimates the grant date fair value of each option using the Black-Scholes option pricing model. The use of the Black-Scholes option pricing model requires management to make assumptions with respect to the expected term of the option, the expected volatility of the common stock consistent with the expected life of the option, risk-free interest rates and expected dividend yields of the common stock. For awards subject to service-based vesting conditions, including those with a graded vesting schedule, the Company recognizes stock-based compensation expense equal to the grant date fair value of stock options on a straight-line basis over the requisite service period, which is generally the vesting term. Forfeitures are recorded as they are incurred as opposed to being estimated at the time of grant and revised. Pursuant to ASU 2018-07 Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting |
Leases | Leases With the adoption of ASC 842, Leases The Company leases its corporate offices. All of the leases are classified as operating leases. The Company is a party to a two-year lease with USMC for 1,000 700 3,500 1.6 5 In accordance with ASC 842, the Company recognized a ROU asset and corresponding lease liability on the condensed consolidated balance sheet for long-term office leases. See Note 7 – Leases for further discussion, including the impact on the accompanying unaudited condensed consolidated financial statements and related disclosures. |
Income Taxes | Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the condensed consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company utilizes ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the condensed consolidated financial statements or tax returns. The Company accounts for income taxes using the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized. For uncertain tax positions that meet a “more likely than not” threshold, the Company recognizes the benefit of uncertain tax positions in the condensed consolidated financial statements. The Company’s practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense in the condensed consolidated statements of operations. |
Exploration Stage | Exploration Stage In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time as the Company exits the e s was not engaged in |
Mineral Rights | Mineral Rights Acquisition costs of mineral rights are capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time as the Company exits the exploration stage by establishing proven or probable reserves, as defined by the SEC under Industry Guide 7, through the completion of a “final” or “bankable” feasibility study. Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred. Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves upon commencement of production using the units-of-production method. Where proven and probable reserves have not been established, such capitalized expenditures are depleted over the estimated production life upon commencement of extraction using the straight-line method. The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis or when indicators of impairment exist. Should management determine that these carrying values cannot be recovered, the unrecoverable amounts are written off against earnings. As of February 28, 2023 and 2022, the Company did not have any capitalized mineral rights. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements All newly issued but not yet effective accounting pronouncements have been deemed to be not applicable or immaterial to the Company. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
SCHEDULE OF DISAGGREGATED REVENUE | Revenue consists of the following by product offering for the three months ended February 28, 2023: SCHEDULE OF DISAGGREGATED REVENUE CROP WHITE II SHADE ADVANTAGE (WP) SulFe Hume Si ADVANTAGE Total $ - $ 776 $ 51,480 $ 52,256 |
SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT | SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT Equipment 3 5 Autos and trucks 5 |
SCHEDULE OF OUTSTANDING SHARES EXCLUDED FROM DILUTED LOSS PER SHARE | The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive due to the Company’s net loss position even though the exercise price could be less than the average market price of the common stock: SCHEDULE OF OUTSTANDING SHARES EXCLUDED FROM DILUTED LOSS PER SHARE Three Months Ended, February 28, 2023 February 28, 2022 Convertible Notes 2,753,278 6,250,000 Stock Options 128,688,187 1,595,000 Total 131,441,465 7,845,000 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 3 Months Ended |
Feb. 28, 2023 | |
Property, Plant and Equipment [Abstract] | |
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment consisted of the following at: SCHEDULE OF PROPERTY AND EQUIPMENT February 28, 2023 November 30, 2022 Furniture and equipment $ 6,952 $ 6,952 Machinery and equipment 35,151 35,151 Automobiles and trucks 25,061 25,061 Construction in process 620,000 620,000 Property and equipment, gross 687,164 687,164 Less: accumulated depreciation (67,164 ) (67,164 ) Property and equipment, net $ 620,000 $ 620,000 |
LEASES (Tables)
LEASES (Tables) | 3 Months Ended |
Feb. 28, 2023 | |
Leases | |
SCHEDULE OF LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION | The following table presents net lease cost and other supplemental lease information: SCHEDULE OF LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION Three Months Ended February 28, 2023 Lease cost Operating lease cost (cost resulting from lease payments) $ 10,500 Short term lease cost - Sublease income - Net lease cost $ 10,500 Operating lease – operating cash flows (fixed payments) $ 10,500 Operating lease – operating cash flows (liability reduction) $ 9,538 Non-current leases – right of use assets $ 69,649 Current liabilities – operating lease liabilities $ 39,372 Non-current liabilities – operating lease liabilities $ 30,852 Three Months Ended February 28, 2022 Lease cost Operating lease cost (cost resulting from lease payments) $ 4,500 Short term lease cost - Sublease income - Net lease cost $ 4,500 Operating lease – operating cash flows (fixed payments) $ 4,500 Operating lease – operating cash flows (liability reduction) $ 4,107 Non-current leases – right of use assets $ 28,434 Current liabilities – operating lease liabilities $ 15,504 Non-current liabilities – operating lease liabilities $ 13,223 |
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS | Future minimum payments under non-cancelable leases for operating leases for the remaining terms of the leases following the three months ended February 28, 2023: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS Fiscal Year Operating Leases Remainder of 2023 $ 42,000 2024 31,500 Total future minimum lease payments 73,500 Amount representing interest (3,276 ) Present value of net future minimum lease payments $ 70,224 |
ACCOUNTS PAYABLE AND ACCRUED _2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 3 Months Ended |
Feb. 28, 2023 | |
Payables and Accruals [Abstract] | |
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES | Accounts payable and accrued expenses consist of the following amounts as of: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES February 28, 2023 November 30, 2022 Accounts payable $ 145,349 $ 30,078 Accrued interest – related party 55,030 57,226 Accrued compensation 35,627 28,134 Accounts payable and accrued expenses $ 236,006 $ 115,478 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 3 Months Ended |
Feb. 28, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
SCHEDULE OF BLACK-SCHOLES OPTION MODEL ASSUMPTIONS | SCHEDULE OF BLACK-SCHOLES OPTION MODEL ASSUMPTIONS Grant Date Number of Options Stock Price Exercise Price Expected Volatility Risk-free Interest Rate Dividend Rate Expected Term Fair Value 4/8/2021 250,000 $ 0.15 $ 0.10 281.00 % 0.85 % 0.00 % 2.50 $ 36,708 8/13/2021 200,000 $ 0.46 $ 0.36 266.00 % 0.79 % 0.00 % 3.50 $ 90,944 10/6/2021 116,000,000 $ 0.38 $ 0.38 278.00 % 1.26 % 0.00 % 3.88 $ 43,808,780 6/3/2022 8,669,400 $ 0.22 $ 2.50 274.50 % 2.95 % 0.00 % 3.5 $ 1,856,151 8/26/2022 1,734,615 $ 0.24 $ 0.24 269.24 % 3.20 % 0.00 % 3.5 $ 411,668 8/26/2022 242,424 $ 0.24 $ 0.24 276.76 % 3.20 % 0.00 % 3.0 $ 57,264 8/26/2022 246,748 $ 0.24 $ 0.24 207.37 % 3.20 % 0.00 % 2.5 $ 53,479 |
SCHEDULE OF STOCK OPTION ACTIVITY | Compensation based stock option activity for qualified and unqualified stock options are summarized as follows: SCHEDULE OF STOCK OPTION ACTIVITY Weighted Number Average of Shares Exercise Price Outstanding at November 30, 2021 117,795,000 $ 0.39 Granted - - Exercised - - Expired or cancelled - - Outstanding at February 28, 2022 117,795,000 0.39 Outstanding at November 30, 2022 128,688,187 $ 0.53 Granted - - Exercised - - Expired or cancelled - - Outstanding at February 28, 2023 128,688,187 $ 0.53 |
SCHEDULE OF STOCK OPTION SHARES OUTSTANDING AND EXERCISABLE | The following table summarizes information about options to purchase shares of the Company’s common stock outstanding and exercisable at February 28, 2023: SCHEDULE OF STOCK OPTION SHARES OUTSTANDING AND EXERCISABLE Weighted- Weighted- Average Average Exercise Outstanding Remaining Life Exercise Number Price Options In Years Price Exercisable $ 0.099 400,000 1.64 $ 0.099 400,000 0.10 645,000 2.78 0.10 645,000 0.12 50,000 5.82 0.12 50,000 0.24 2,223,787 4.41 0.24 2,223,787 0.36 200,000 3.70 0.36 200,000 0.38 116,000,000 5.84 0.38 87,000,000 2.50 8,669,400 4.51 2.50 8,669,400 3.00 500,000 3.25 3.00 500,000 128,688,187 5.68 $ 0.53 99,688,187 |
CONCENTRATION OF CREDIT RISK (T
CONCENTRATION OF CREDIT RISK (Tables) | 3 Months Ended |
Feb. 28, 2023 | |
Risks and Uncertainties [Abstract] | |
SCHEDULE OF CONCENTRATION OF CREDIT RISK | Two customers accounted for 100 SCHEDULE OF CONCENTRATION OF CREDIT RISK Customer A 99 % Customer B 1 % Four suppliers accounted for 70 Vendor A 22 % Vendor B 18 % Vendor C 16 % Vendor D 14 % |
ORGANIZATION AND BUSINESS OPE_2
ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) | 3 Months Ended |
Feb. 28, 2023 | |
Accounting Policies [Abstract] | |
Entity incorporation, state or country code | NV |
Entity incorporation, date of incorporation | Mar. 02, 2010 |
GOING CONCERN AND LIQUIDITY (De
GOING CONCERN AND LIQUIDITY (Details Narrative) - USD ($) | 3 Months Ended | |||||
Feb. 28, 2023 | Feb. 28, 2022 | Nov. 30, 2022 | Mar. 23, 2022 | Mar. 20, 2022 | Mar. 07, 2022 | |
Defined Benefit Plan Disclosure [Line Items] | ||||||
Accumulated deficit | $ 59,474,448 | $ 53,643,649 | ||||
Working capital deficit | 657,834 | |||||
Loss from operations | 5,857,077 | $ 11,203,653 | ||||
Cash used in operating activities | 287,632 | $ 239,544 | ||||
US Mine Corporation [Member] | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Debt instrument face amount | 919,209 | $ 1,000,000 | $ 1,000,000 | |||
Debt instrument interest rate stated percentage | 5% | 8% | ||||
Debt instrument convertible conversion price | $ 0.39 | $ 0.10 | ||||
US Mine Corporation [Member] | Convertible Notes Payable [Member] | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Debt instrument face amount | $ 80,791 | |||||
US Mine Corporation [Member] | Convertible Promissory Note [Member] | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Debt instrument face amount | $ 160,000 | $ 160,000 |
SCHEDULE OF DISAGGREGATED REVEN
SCHEDULE OF DISAGGREGATED REVENUE (Details) - USD ($) | 3 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | |
Product Information [Line Items] | ||
Revenue, net | $ 52,256 | |
CROP WHITE II [Member] | ||
Product Information [Line Items] | ||
Revenue, net | ||
Shade Advantage (WP) [Member] | ||
Product Information [Line Items] | ||
Revenue, net | 776 | |
SulFe Hume Si ADVANTAGE [Member] | ||
Product Information [Line Items] | ||
Revenue, net | $ 51,480 |
SCHEDULE OF ESTIMATED USEFUL LI
SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT (Details) | Feb. 28, 2023 |
Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 3 years |
Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 3 years |
Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
Autos and Trucks [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 5 years |
SCHEDULE OF OUTSTANDING SHARES
SCHEDULE OF OUTSTANDING SHARES EXCLUDED FROM DILUTED LOSS PER SHARE (Details) - shares | 3 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities | 131,441,465 | 7,845,000 |
Convertible Debt Securities [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities | 2,753,278 | 6,250,000 |
Share-Based Payment Arrangement, Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities | 128,688,187 | 1,595,000 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 3 Months Ended | |||
Feb. 28, 2023 USD ($) ft² | Feb. 28, 2022 USD ($) | Nov. 30, 2022 USD ($) | May 01, 2020 USD ($) | |
Property, Plant and Equipment [Line Items] | ||||
Cash equivalents | $ 0 | $ 0 | ||
Allowance for doubtful accounts receivable | 0 | 0 | ||
Property and equipment, net | 620,000 | $ 620,000 | $ 620,000 | |
Impairment losses | 0 | $ 0 | ||
Selling general and administrative expense | 5,886,870 | 11,200,401 | ||
Advertising and marketing expenses | $ 0 | 12,040 | ||
Area of land | ft² | 700 | |||
Payments for rent | $ 3,500 | |||
Weighted average term | 1 year 7 months 6 days | |||
Weighted average borrowing rate | 5% | |||
US Mine Corporation [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Area of land | ft² | 1,000 | |||
Shipping and Handling [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Selling general and administrative expense | $ 2,400 | $ 0 | ||
Minimum [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Estimated useful lives | 3 years | |||
Maximum [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Estimated useful lives | 5 years |
MINING RIGHTS (Details Narrativ
MINING RIGHTS (Details Narrative) | Apr. 01, 2020 USD ($) | Oct. 15, 2015 USD ($) | Dec. 01, 2014 USD ($) a Placer | Nov. 28, 2014 USD ($) | Feb. 28, 2023 ft² |
Reserve Quantities [Line Items] | |||||
Acres of land | ft² | 700 | ||||
Purchase and Sale Agreement [Member] | Snow White Pozzolan Mine [Member] | |||||
Reserve Quantities [Line Items] | |||||
Purchase mining properties | $ 836,000 | ||||
Percentage of purchase price | 5% | ||||
Snow White Mine [Member] | California, San Bernardino [Member] | Purchase Agreement [Member] | US Mining and Minerals Corp [Member] | |||||
Reserve Quantities [Line Items] | |||||
Acres of land | a | 280 | ||||
Number of placer mining claim | Placer | 5 | ||||
Escrow deposit | $ 50,000 | $ 600,000 | |||
Payment for extend to close purchase agreement | $ 25,000 | ||||
Snow White Mine [Member] | California, San Bernardino [Member] | Purchase Agreement [Member] | US Mining and Minerals Corp [Member] | Mr. John Bremer [Member] | |||||
Reserve Quantities [Line Items] | |||||
Payment for purchased property | $ 575,000 | ||||
Royalty payment | $ 3,500 |
SCHEDULE OF PROPERTY AND EQUIPM
SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) | Feb. 28, 2023 | Nov. 30, 2022 | May 01, 2020 |
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | $ 687,164 | $ 687,164 | |
Less: accumulated depreciation | (67,164) | (67,164) | |
Property and equipment, net | 620,000 | 620,000 | $ 620,000 |
Furniture and Fixtures [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 6,952 | 6,952 | |
Machinery and Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 35,151 | 35,151 | |
Automobiles and Trucks [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 25,061 | 25,061 | |
Construction in Progress [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | $ 620,000 | $ 620,000 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 0 | $ 0 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | ||||||||||||||||||||||
Mar. 20, 2023 | Feb. 28, 2023 | Nov. 29, 2022 | Aug. 30, 2022 | Apr. 07, 2022 | Mar. 14, 2022 | Aug. 13, 2021 | Apr. 08, 2021 | Mar. 17, 2021 | Dec. 02, 2020 | Feb. 01, 2020 | Jan. 01, 2020 | Dec. 01, 2019 | Feb. 26, 2016 | Feb. 28, 2023 | Feb. 28, 2022 | Feb. 04, 2023 | Nov. 30, 2022 | Mar. 23, 2022 | Mar. 20, 2022 | Mar. 07, 2022 | Feb. 02, 2020 | Aug. 31, 2017 | |
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Repayments notes payable | $ 10,000 | ||||||||||||||||||||||
Amortization of debt discount | $ 5,329 | ||||||||||||||||||||||
Officers compensation | 6,000 | ||||||||||||||||||||||
Convertible notes payable | $ 42,000 | 42,000 | $ 36,000 | ||||||||||||||||||||
Director Agreement [Member] | Jeffrey Guzy [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 0% | ||||||||||||||||||||||
Officers compensation | $ 1,000 | ||||||||||||||||||||||
Convertible notes payable | 23,000 | 23,000 | |||||||||||||||||||||
Director Agreement [Member] | Kimberly Kurtis [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Officers compensation | $ 1,000 | ||||||||||||||||||||||
Convertible notes payable | 19,000 | 19,000 | |||||||||||||||||||||
US Mine Corporation [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | 8% | |||||||||||||||||||||
Debt instrument face amount | $ 919,209 | 919,209 | $ 1,000,000 | $ 1,000,000 | |||||||||||||||||||
Debt conversion price | $ 0.39 | $ 0.10 | |||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #1 [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | ||||||||||||||||||||||
Debt maturity date | Dec. 31, 2021 | ||||||||||||||||||||||
Accrued interest | $ 2,351 | ||||||||||||||||||||||
Interest expenses | 0 | 250 | |||||||||||||||||||||
Debt instrument face amount | $ 20,000 | ||||||||||||||||||||||
Debt conversion price | $ 0.16 | ||||||||||||||||||||||
Debt conversion, converted instrument, amount | $ 20,000 | ||||||||||||||||||||||
Debt conversion, converted instrument, shares issued | 139,692 | ||||||||||||||||||||||
Beneficial conversion feature | $ 20,000 | ||||||||||||||||||||||
Amortization of debt discount | 0 | 815 | |||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #1 [Member] | Extended Maturity [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Debt maturity date | Apr. 30, 2022 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #2 [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | ||||||||||||||||||||||
Debt maturity date | Jan. 01, 2022 | ||||||||||||||||||||||
Accrued interest | $ 9,743 | ||||||||||||||||||||||
Interest expenses | 0 | 1,060 | |||||||||||||||||||||
Debt instrument face amount | $ 86,000 | ||||||||||||||||||||||
Debt conversion price | $ 0.16 | ||||||||||||||||||||||
Debt conversion, converted instrument, amount | $ 86,000 | ||||||||||||||||||||||
Debt conversion, converted instrument, shares issued | 598,392 | ||||||||||||||||||||||
Beneficial conversion feature | $ 32,250 | ||||||||||||||||||||||
Amortization of debt discount | 0 | 1,412 | |||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #2 [Member] | Extended Maturity [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Debt maturity date | Apr. 30, 2022 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #3 [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | ||||||||||||||||||||||
Debt maturity date | Feb. 01, 2022 | ||||||||||||||||||||||
Accrued interest | $ 7,851 | ||||||||||||||||||||||
Interest expenses | 0 | 900 | |||||||||||||||||||||
Debt instrument face amount | $ 72,000 | ||||||||||||||||||||||
Debt conversion price | $ 0.16 | ||||||||||||||||||||||
Debt conversion, converted instrument, amount | $ 72,000 | ||||||||||||||||||||||
Debt conversion, converted instrument, shares issued | 499,068 | ||||||||||||||||||||||
Beneficial conversion feature | $ 36,000 | ||||||||||||||||||||||
Amortization of debt discount | 0 | 3,103 | |||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #3 [Member] | Extended Maturity [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Debt maturity date | Apr. 30, 2022 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #4 [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | ||||||||||||||||||||||
Debt maturity date | Nov. 25, 2022 | ||||||||||||||||||||||
Accrued interest | $ 55,401 | ||||||||||||||||||||||
Interest expenses | 0 | 10,100 | |||||||||||||||||||||
Debt instrument face amount | $ 822,000 | ||||||||||||||||||||||
Debt conversion price | $ 0.16 | ||||||||||||||||||||||
Debt conversion, converted instrument, amount | $ 822,000 | ||||||||||||||||||||||
Debt conversion, converted instrument, shares issued | 5,483,753 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #5 [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | ||||||||||||||||||||||
Debt maturity date | Mar. 17, 2023 | ||||||||||||||||||||||
Accrued interest | $ 30,656 | ||||||||||||||||||||||
Interest expenses | 0 | 7,150 | |||||||||||||||||||||
Debt instrument face amount | $ 579,769 | ||||||||||||||||||||||
Debt conversion price | $ 0.088 | ||||||||||||||||||||||
Debt conversion, converted instrument, amount | $ 579,769.39 | ||||||||||||||||||||||
Debt conversion, converted instrument, shares issued | 6,936,656 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #6 [Mmeber] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 500% | ||||||||||||||||||||||
Debt maturity date | Mar. 14, 2024 | ||||||||||||||||||||||
Accrued interest | $ 2,908 | ||||||||||||||||||||||
Interest expenses | 0 | ||||||||||||||||||||||
Debt instrument face amount | $ 884,429 | ||||||||||||||||||||||
Debt conversion price | $ 0.088 | ||||||||||||||||||||||
Debt conversion, converted instrument, amount | $ 884,492 | ||||||||||||||||||||||
Debt conversion, converted instrument, shares issued | 10,084,093 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #7 [Mmeber] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 500% | ||||||||||||||||||||||
Debt maturity date | Aug. 30, 2024 | ||||||||||||||||||||||
Interest expenses | 5,805 | ||||||||||||||||||||||
Debt instrument face amount | $ 470,862 | ||||||||||||||||||||||
Debt conversion price | $ 0.39 | $ 0.39 | |||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #8 [Mmeber] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 500% | ||||||||||||||||||||||
Debt maturity date | Aug. 30, 2024 | ||||||||||||||||||||||
Interest expenses | $ 1,726 | ||||||||||||||||||||||
Debt instrument face amount | $ 140,027 | ||||||||||||||||||||||
Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #9 [Mmeber] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 5% | 5% | |||||||||||||||||||||
Debt maturity date | Feb. 28, 2025 | ||||||||||||||||||||||
Interest expenses | $ 0 | ||||||||||||||||||||||
Debt instrument face amount | $ 308,320 | $ 308,320 | |||||||||||||||||||||
Debt conversion price | $ 0.39 | $ 0.39 | |||||||||||||||||||||
Unsecured Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Subsequent Event [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 8% | ||||||||||||||||||||||
Debt instrument face amount | $ 1,000,000 | ||||||||||||||||||||||
Debt conversion price | $ 0.10 | ||||||||||||||||||||||
Unsecured Convertible Promissory Notes [Member] | US Mine Corporation [Member] | Tranche #10 [Mmeber] | Subsequent Event [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Interest debt | 8% | ||||||||||||||||||||||
Debt maturity date | Mar. 07, 2023 | ||||||||||||||||||||||
Debt instrument face amount | $ 1,000,000 | ||||||||||||||||||||||
Debt conversion price | $ 0.10 | ||||||||||||||||||||||
Convertible Promissory Note [Member] | US Mine Corporation [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Debt instrument face amount | $ 160,000 | $ 160,000 | |||||||||||||||||||||
Convertible Promissory Note [Member] | Subsequent Event [Member] | US Mine Corporation [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Debt instrument face amount | $ 160,000 | ||||||||||||||||||||||
A. Scott Dockter [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Note payable balance | $ 18,716 | $ 18,716 | 28,716 | ||||||||||||||||||||
Interest debt | 6% | ||||||||||||||||||||||
Accrued interest | $ 41,545 | 41,545 | $ 41,167 | ||||||||||||||||||||
Interest expenses | 379 | 869 | |||||||||||||||||||||
Debt instrument face amount | $ 197,096 | ||||||||||||||||||||||
Repayments notes payable | 10,000 | 0 | |||||||||||||||||||||
Bayshore Capital Advisors, LLC [Member] | |||||||||||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||||||||||
Equity Method Investment, Ownership Percentage | 10% | ||||||||||||||||||||||
Note payable balance | $ 25,000 | ||||||||||||||||||||||
Interest debt | 6% | ||||||||||||||||||||||
Debt maturity date | Aug. 26, 2016 | ||||||||||||||||||||||
Cancellation amount | $ 25,000 | ||||||||||||||||||||||
Accrued interest | $ 10,146 | ||||||||||||||||||||||
Interest expenses | $ 255 | $ 370 |
SCHEDULE OF LEASE COST AND OTHE
SCHEDULE OF LEASE COST AND OTHER SUPPLEMENTAL LEASE INFORMATION (Details) - USD ($) | 3 Months Ended | ||
Feb. 28, 2023 | Feb. 28, 2022 | Nov. 30, 2022 | |
Leases | |||
Operating lease cost (cost resulting from lease payments) | $ 10,500 | $ 4,500 | |
Short term lease cost | |||
Sublease income | |||
Net lease cost | 10,500 | 4,500 | |
Operating lease - operating cash flows (fixed payments) | 10,500 | 4,500 | |
Operating lease - operating cash flows (liability reduction) | 9,538 | 4,107 | |
Non-current leases - right of use assets | 69,649 | 28,434 | $ 79,599 |
Current liabilities - operating lease liabilities | 39,372 | 15,504 | 38,882 |
Non-current liabilities - operating lease liabilities | $ 30,852 | $ 13,223 | $ 40,880 |
SCHEDULE OF FUTURE MINIMUM LEAS
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) | Feb. 28, 2023 USD ($) |
Leases | |
Remainder of 2023 | $ 42,000 |
2024 | 31,500 |
Total future minimum lease payments | 73,500 |
Amount representing interest | (3,276) |
Present value of net future minimum lease payments | $ 70,224 |
SCHEDULE OF ACCOUNTS PAYABLE AN
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) | Feb. 28, 2023 | Nov. 30, 2022 |
Payables and Accruals [Abstract] | ||
Accounts payable | $ 145,349 | $ 30,078 |
Accrued interest – related party | 55,030 | 57,226 |
Accrued compensation | 35,627 | 28,134 |
Accounts payable and accrued expenses | $ 236,006 | $ 115,478 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | Jul. 08, 2020 | Mar. 29, 2019 |
Superior Soils Supplements LLC [Member] | ||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||
Complaint seeks damages | $ 400,000 | |
Damages accrual | $ 400,000 | |
Chief Financial Officer, Al Calvanico [Member] | ||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||
Complaint seeks damages | $ 600,000 |
STOCKHOLDERS_ EQUITY (Details N
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) | 3 Months Ended | |
Jun. 17, 2022 | Feb. 28, 2023 | |
Number of shares issued | ||
Newbridge Securities Corporation [Member] | ||
Number of shares issued | $ 300,000 | |
Price per share | $ 0.35 |
SCHEDULE OF BLACK-SCHOLES OPTIO
SCHEDULE OF BLACK-SCHOLES OPTION MODEL ASSUMPTIONS (Details) - USD ($) | 3 Months Ended | |||
Feb. 28, 2023 | Feb. 28, 2022 | Nov. 30, 2022 | Nov. 30, 2021 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Number of Options | 128,688,187 | 117,795,000 | 128,688,187 | 117,795,000 |
Exercise Price | ||||
Option 1 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Apr. 08, 2021 | |||
Number of Options | 250,000 | |||
Share price | $ 0.15 | |||
Exercise Price | $ 0.10 | |||
Expected Volatility | 281% | |||
Risk-free Interest Rate | 0.85% | |||
Dividend Rate | 0% | |||
Expected Term | 2 years 6 months | |||
Fair Value | $ 36,708 | |||
Option 2 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Aug. 13, 2021 | |||
Number of Options | 200,000 | |||
Share price | $ 0.46 | |||
Exercise Price | $ 0.36 | |||
Expected Volatility | 266% | |||
Risk-free Interest Rate | 0.79% | |||
Dividend Rate | 0% | |||
Expected Term | 3 years 6 months | |||
Fair Value | $ 90,944 | |||
Option 3 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Oct. 06, 2021 | |||
Number of Options | 116,000,000 | |||
Share price | $ 0.38 | |||
Exercise Price | $ 0.38 | |||
Expected Volatility | 278% | |||
Risk-free Interest Rate | 1.26% | |||
Dividend Rate | 0% | |||
Expected Term | 3 years 10 months 17 days | |||
Fair Value | $ 43,808,780 | |||
Option 4 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Jun. 03, 2022 | |||
Number of Options | 8,669,400 | |||
Share price | $ 0.22 | |||
Exercise Price | $ 2.50 | |||
Expected Volatility | 274.50% | |||
Risk-free Interest Rate | 2.95% | |||
Dividend Rate | 0% | |||
Expected Term | 3 years 6 months | |||
Fair Value | $ 1,856,151 | |||
Option 5 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Aug. 26, 2022 | |||
Number of Options | 1,734,615 | |||
Share price | $ 0.24 | |||
Exercise Price | $ 0.24 | |||
Expected Volatility | 269.24% | |||
Risk-free Interest Rate | 3.20% | |||
Dividend Rate | 0% | |||
Expected Term | 3 years 6 months | |||
Fair Value | $ 411,668 | |||
Option 6 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Aug. 26, 2022 | |||
Number of Options | 242,424 | |||
Share price | $ 0.24 | |||
Exercise Price | $ 0.24 | |||
Expected Volatility | 276.76% | |||
Risk-free Interest Rate | 3.20% | |||
Dividend Rate | 0% | |||
Expected Term | 3 years | |||
Fair Value | $ 57,264 | |||
Option 7 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Grant Date | Aug. 26, 2022 | |||
Number of Options | 246,748 | |||
Share price | $ 0.24 | |||
Exercise Price | $ 0.24 | |||
Expected Volatility | 207.37% | |||
Risk-free Interest Rate | 3.20% | |||
Dividend Rate | 0% | |||
Expected Term | 2 years 6 months | |||
Fair Value | $ 53,479 |
SCHEDULE OF STOCK OPTION ACTIVI
SCHEDULE OF STOCK OPTION ACTIVITY (Details) - $ / shares | 3 Months Ended | 12 Months Ended | |
Feb. 28, 2023 | Feb. 28, 2022 | Nov. 30, 2022 | |
Share-Based Payment Arrangement [Abstract] | |||
Outstanding Options | 128,688,187 | 117,795,000 | 117,795,000 |
Weighted- Average Exercise Price | $ 0.53 | $ 0.39 | $ 0.39 |
Number of Options, Granted | |||
Weighted Average Exercise Price, Granted | |||
Number of Options, Exercised | |||
Weighted Average Exercise Price, Exercised | |||
Number of Options, Expired or Cancelled | |||
Weighted Average Exercise Price, Expired or Cancelled | |||
Outstanding Options | 128,688,187 | 117,795,000 | 128,688,187 |
Weighted- Average Exercise Price | $ 0.53 | $ 0.39 | $ 0.53 |
SCHEDULE OF STOCK OPTION SHARES
SCHEDULE OF STOCK OPTION SHARES OUTSTANDING AND EXERCISABLE (Details) | 3 Months Ended |
Feb. 28, 2023 $ / shares shares | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options | 128,688,187 |
Weighted- Average Remaining Life in Years | 5 years 8 months 4 days |
Weighted- Average Exercise Price | $ / shares | $ 0.53 |
Number Exercisable | 99,688,187 |
Exercise Price One [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 0.099 |
Outstanding Options | 400,000 |
Weighted- Average Remaining Life in Years | 1 year 7 months 20 days |
Weighted- Average Exercise Price | $ / shares | $ 0.099 |
Number Exercisable | 400,000 |
Exercise Price Two [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 0.10 |
Outstanding Options | 645,000 |
Weighted- Average Remaining Life in Years | 2 years 9 months 10 days |
Weighted- Average Exercise Price | $ / shares | $ 0.10 |
Number Exercisable | 645,000 |
Exercise Price Three [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 0.12 |
Outstanding Options | 50,000 |
Weighted- Average Remaining Life in Years | 5 years 9 months 25 days |
Weighted- Average Exercise Price | $ / shares | $ 0.12 |
Number Exercisable | 50,000 |
Exercise Price Four [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 0.24 |
Outstanding Options | 2,223,787 |
Weighted- Average Remaining Life in Years | 4 years 4 months 28 days |
Weighted- Average Exercise Price | $ / shares | $ 0.24 |
Number Exercisable | 2,223,787 |
Exercise Price Five [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 0.36 |
Outstanding Options | 200,000 |
Weighted- Average Remaining Life in Years | 3 years 8 months 12 days |
Weighted- Average Exercise Price | $ / shares | $ 0.36 |
Number Exercisable | 200,000 |
Exercise Price Six [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 0.38 |
Outstanding Options | 116,000,000 |
Weighted- Average Remaining Life in Years | 5 years 10 months 2 days |
Weighted- Average Exercise Price | $ / shares | $ 0.38 |
Number Exercisable | 87,000,000 |
Exercise Price Seven [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 2.50 |
Outstanding Options | 8,669,400 |
Weighted- Average Remaining Life in Years | 4 years 6 months 3 days |
Weighted- Average Exercise Price | $ / shares | $ 2.50 |
Number Exercisable | 8,669,400 |
Exercise Price Eight [Member] | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Range of Exercise Prices | $ / shares | $ 3 |
Outstanding Options | 500,000 |
Weighted- Average Remaining Life in Years | 3 years 3 months |
Weighted- Average Exercise Price | $ / shares | $ 3 |
Number Exercisable | 500,000 |
STOCK-BASED COMPENSATION (Detai
STOCK-BASED COMPENSATION (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
Aug. 26, 2022 | Jun. 03, 2022 | Nov. 10, 2017 | Feb. 28, 2023 | Feb. 28, 2022 | Nov. 30, 2022 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Shares of common stock granted exercisable options | ||||||
Exercise price | ||||||
Stock option exercisable term | 10 years | |||||
Vesting period, description | vest over various terms from the grant date to five years | |||||
Compensation expense | $ 5,485,013 | $ 10,949,738 | ||||
Fair value of common stock | ||||||
Equity Option [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Compensation expense | $ 5,485,013 | $ 10,949,738 | ||||
Future compensation cost related to non-vested stock options | 1,819,638 | |||||
Share-Based Payment Arrangement, Option [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Weighted average grant date fair value of options, non-vested | 1,819,638 | $ 10,917,826 | ||||
Member of Board, Consultants and Employees [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Shares of common stock granted exercisable options | 2,223,787 | |||||
Exercise price | $ 0.24 | |||||
Fair value | $ 522,411 | |||||
Option Holders [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Share based compensation, aggregate intrinsic value | $ 0 | |||||
Fair value of common stock | $ 0.08 | |||||
Settlement Agreement [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Shares of common stock granted exercisable options | 8,669,400 | |||||
Exercise price | $ 2.50 | |||||
Fair value | $ 1,856,151 | |||||
2017 Equity Incentve Plan [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Shares of common stock granted exercisable options | 10,000,000 | 128,688,187 | ||||
2017 Equity Incentve Plan [Member] | Employment Contracts [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||
Shares of common stock granted exercisable options | 500,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) | 3 Months Ended | ||||||||||||||
Oct. 06, 2021 $ / shares shares | Aug. 13, 2021 USD ($) | May 27, 2021 USD ($) $ / shares | Apr. 08, 2021 USD ($) | Oct. 01, 2020 USD ($) ft² | Apr. 22, 2020 USD ($) | Feb. 26, 2016 USD ($) | Feb. 28, 2023 USD ($) ft² shares | Feb. 28, 2022 USD ($) shares | Apr. 06, 2023 shares | Feb. 04, 2023 USD ($) | Nov. 30, 2022 USD ($) | Oct. 06, 2022 shares | Apr. 06, 2022 shares | Aug. 31, 2017 USD ($) | |
Related Party Transaction [Line Items] | |||||||||||||||
Cash advances | $ 300,000 | $ 118,000 | |||||||||||||
Share-based payment award options grants in period | shares | |||||||||||||||
Share-based payment arrangement noncash expense | $ 5,485,013 | $ 10,949,738 | |||||||||||||
Officers compensation | 6,000 | ||||||||||||||
Operating lease monthly rent expense | $ 3,500 | ||||||||||||||
Lease extension term | 2 years | ||||||||||||||
Office space | ft² | 700 | ||||||||||||||
A. Scott Dockter [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Notes payable | $ 18,716 | $ 28,716 | |||||||||||||
Debt instrument interest rate stated percentage | 6% | ||||||||||||||
Interest expense | 41,545 | $ 41,167 | |||||||||||||
Interest expense | 379 | 869 | |||||||||||||
Debt issued amount | $ 197,096 | ||||||||||||||
Repayments short term debt | 10,000 | 0 | |||||||||||||
Director Agreement [Member] | Jeffrey Guzy [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Debt instrument interest rate stated percentage | 0% | ||||||||||||||
Officers compensation | $ 1,000 | ||||||||||||||
Director Agreement [Member] | Kimberly Kurtis [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Officers compensation | $ 1,000 | ||||||||||||||
US Mine Corporation [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Interest expense | 7,532 | ||||||||||||||
Payment for purchases made | 21,914 | 0 | |||||||||||||
Cash advances | 8,320 | 2,284 | |||||||||||||
Operating lease monthly rent expense | $ 1,500 | ||||||||||||||
Office space | ft² | 700 | ||||||||||||||
Operating lease monthly rent expense | $ 3,500 | ||||||||||||||
US Mine Corporation [Member] | Securities Purchase Agreement [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Interest expense | 26,991 | ||||||||||||||
Convertible debt | 919,209 | 610,889 | |||||||||||||
US Mine Corporation [Member] | Material Supply Agreement [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Payments for inventory | $ 280,356 | 21,914 | 0 | ||||||||||||
US Mine Corporation [Member] | Material Supply Agreement [Member] | Kaolin Clay for Supplementary Cementitious Materials [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Payments to materials and products for agriculture, per ton | 25 | ||||||||||||||
US Mine Corporation [Member] | Material Supply Agreement [Member] | Bagged Products for Clay [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Payments to materials and products for agriculture, per ton | 145 | ||||||||||||||
Royalty fee, per ton | $ 5 | ||||||||||||||
US Mine, LLC [Member] | Materials Extraction Agreement [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Debt instrument interest rate stated percentage | 2.50% | ||||||||||||||
Royalty fee, per ton | $ 5 | ||||||||||||||
Extraction agreement description | On May 27, 2021, the Company entered into the Materials Extraction Agreement with US Mine, LLC, pursuant to which the Company acquired the right to extract up to 100,000,000 of certain raw clay materials. The Materials Extraction Agreement is effective until 100,000,000 tons of material are extracted | ||||||||||||||
Convertible note payable balance | $ 50,000,000 | ||||||||||||||
Conversion price | $ / shares | $ 0.43 | ||||||||||||||
Debt conversion description | The noteholder may convert (i) up to 50% of the outstanding balance on or after such date as the Company’s common stock is listed for trading on any national securities exchange, (ii) up to an additional 25% of the outstanding balance on or after the six-month anniversary of such initial trading date, and (iii) the remaining 25% on or after the twelve-month anniversary of such initial trading date. In addition, the Company will pay US Mine, LLC a royalty fee of $5.00 per ton of materials extracted and any royalty not paid in a timely manner with be subject to 15% interest per annum and compounded monthly. | ||||||||||||||
Share-based payment award options grants in period | shares | 116,000,000 | ||||||||||||||
Common stock exercise price | $ / shares | $ 0.38 | ||||||||||||||
Options vested and expected to vest outstanding number | shares | 29,000,000 | 58,000,000 | |||||||||||||
Share-based payment arrangement noncash expense | 5,458,913 | ||||||||||||||
US Mine, LLC [Member] | Materials Extraction Agreement [Member] | Subsequent Event [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Options vested and expected to vest outstanding number | shares | 29,000,000 | ||||||||||||||
Bayshore Capital Advisors, LLC [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Ownership percent | 10% | ||||||||||||||
Notes payable | $ 25,000 | ||||||||||||||
Debt instrument interest rate stated percentage | 6% | ||||||||||||||
Debt instrument maturity date | Aug. 26, 2016 | ||||||||||||||
Debt cancellation amount | $ 25,000 | ||||||||||||||
Interest expense | $ 10,146 | ||||||||||||||
Interest expense | $ 255 | $ 370 | |||||||||||||
U S M C [Member] | |||||||||||||||
Related Party Transaction [Line Items] | |||||||||||||||
Ownership percent | 33% |
SCHEDULE OF CONCENTRATION OF CR
SCHEDULE OF CONCENTRATION OF CREDIT RISK (Details) - Revenue from Contract with Customer Benchmark [Member] - Customer Concentration Risk [Member] | 3 Months Ended |
Feb. 28, 2023 | |
Customer A [Member] | |
Concentration Risk [Line Items] | |
Concentration risk percentage | 99% |
Customer B [Member] | |
Concentration Risk [Line Items] | |
Concentration risk percentage | 1% |
CONCENTRATION OF CREDIT RISK (D
CONCENTRATION OF CREDIT RISK (Details Narrative) - USD ($) | 3 Months Ended | ||
Feb. 28, 2023 | Feb. 28, 2022 | Nov. 30, 2022 | |
Concentration Risk [Line Items] | |||
FDIC insured amount | $ 250,000 | ||
Revenue | 52,256 | ||
Account receivables | $ 53,880 | ||
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | Two Customers [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 100% | ||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customers [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 100% | ||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | One Suppliers [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 100% | ||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Four Suppliers [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 70% | ||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor A [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 22% | ||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor B [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 18% | ||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor C [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 16% | ||
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor D [Member] | |||
Concentration Risk [Line Items] | |||
Concentration risk percentage | 14% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | Mar. 20, 2023 | Feb. 28, 2023 | Mar. 23, 2022 | Mar. 20, 2022 | Mar. 07, 2022 |
US Mine Corporation [Member] | |||||
Subsequent Event [Line Items] | |||||
Debt instrument face amount | $ 919,209 | $ 1,000,000 | $ 1,000,000 | ||
Simple interest at an annual rate | 5% | 8% | |||
Debt conversion price | $ 0.39 | $ 0.10 | |||
Convertible Promissory Note [Member] | US Mine Corporation [Member] | |||||
Subsequent Event [Line Items] | |||||
Debt instrument face amount | $ 160,000 | $ 160,000 | |||
Convertible Promissory Note [Member] | Subsequent Event [Member] | US Mine Corporation [Member] | |||||
Subsequent Event [Line Items] | |||||
Debt instrument face amount | $ 160,000 | ||||
US Mine Corporation [Member] | Unsecured Convertible Promissory Notes [Member] | Subsequent Event [Member] | |||||
Subsequent Event [Line Items] | |||||
Debt instrument face amount | $ 1,000,000 | ||||
Simple interest at an annual rate | 8% | ||||
Debt conversion price | $ 0.10 |