Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Feb. 28, 2017 | Apr. 18, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | KANGE CORP. | |
Entity Central Index Key | 1,593,773 | |
Document Type | 10-Q | |
Document Period End Date | Feb. 28, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --11-30 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | Yes | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 10,570,000 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,017 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Feb. 28, 2017 | Nov. 30, 2016 |
Current assets | ||
Cash | $ 65 | $ 155 |
Total current assets | 65 | 155 |
Total Assets | 65 | 155 |
Current liabilities | ||
Convertible notes payable to related parties, net of discount | 53,631 | 52,081 |
Accounts payable | 200 | 200 |
Due to related party | 10,250 | 10,250 |
Accrued expenses | 7,919 | |
Accrued expenses - related party | 7,656 | 6,029 |
Total current liabilities | 79,656 | 68,560 |
Total Liabilities | 79,656 | 68,560 |
Stockholders' deficit | ||
Common stock, $0.001 par value, 75,000,000 shares authorized, 10,570,000 and 10,570,000 shares issued and outstanding, respectively | 10,570 | 10,570 |
Additional paid-in capital | 541,253 | 541,253 |
Accumulated deficit | (631,414) | (620,228) |
Total stockholders' deficit | (79,591) | (68,405) |
Total liabilities and stockholders' deficit | $ 65 | $ 155 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Feb. 28, 2017 | Nov. 30, 2016 |
Stockholders' deficit | ||
Common stock, Par value | $ 0.001 | $ 0.001 |
Common stock, Authorized | 75,000,000 | 75,000,000 |
Common stock, Issued | 10,570,000 | 10,570,000 |
Common stock, Outstanding | 10,570,000 | 10,570,000 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2017 | Feb. 29, 2016 | |
Condensed Statements Of Operations | ||
Revenue | ||
Operating expenses: | ||
General and administrative | 8,009 | 11,051 |
Total Operating Expenses | 8,009 | 11,051 |
Operating loss | (8,009) | (11,051) |
Other income (expense): | ||
Interest expense | (1,627) | (1,003) |
Amortization of debt discounts | (1,550) | (12,897) |
Total other income (expense) | (3,177) | (13,900) |
Net loss | $ (11,186) | $ (24,951) |
Net Income/(loss) per share - basic and diluted | $ 0 | $ 0 |
Weighted average number of shares outstanding - basic and diluted | 10,570,000 | 10,570,000 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) | 3 Months Ended | |
Feb. 28, 2017 | Feb. 29, 2016 | |
Cash flows from operating activities: | ||
Net Income/(loss) | $ (11,186) | $ (24,951) |
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||
Amortization of debt discount | 1,550 | 12,897 |
Changes in operating assets and liabilities: | ||
Accounts payable | (5,632) | |
Accrued expenses | 7,919 | |
Accrued expenses - related party | 1,627 | (2,297) |
Net cash used in operating activities | (90) | (19,983) |
Cash flows from financing activities: | ||
Proceeds from convertible note payable to related party | 19,901 | |
Net cash provided by financing activities | 19,901 | |
Net Change in Cash | (90) | (82) |
Cash, beginning of period | 155 | 243 |
Cash, end of period | 65 | 161 |
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid for interest | ||
Cash paid for taxes |
ORGANIZATION AND NATURE OF BUSI
ORGANIZATION AND NATURE OF BUSINESS | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS | Organization Kange Corp. ("Kange," the "Company," "we," "us," or "our") was incorporated under the laws of the State of Nevada on August 16, 2013 (Inception). We are a development stage company developing mobile software products, for Apple and Android platforms, starting in Estonia and Europe, which is our initial intended market. Apple is a trademark of Apple Inc., and Android is a trademark of Alphabet Inc. Basis of Presentation The accompanying unaudited condensed financial statements of Kange Corp. have been prepared in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. The results of operations for the interim period ended February 28, 2017 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending November 30, 2017. In the opinion of the Company's management, the information contained herein reflects all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the Company's results of operations, financial position and cash flows. The unaudited interim condensed financial statements should be read in conjunction with the audited financial statements in the Company's Form 10-K for the year ended November 30, 2016 filed on March 3, 2017 and Management's Discussion and Analysis of Financial Condition and Results of Operations. Fair Value of Financial Instruments The Company measures its financial assets and liabilities in accordance with generally accepted accounting principles. For certain of our financial instruments, including cash, accounts payable, accrued expenses, and short-term loans the carrying amounts approximate fair value due to their short maturities. The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Going Concern The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company sustained net losses of $11,186 and used cash in operating activities of $90 for the three months ended February 28, 2017. The Company had working capital deficit, stockholders' deficit and accumulated deficit of $79,591, $79,591 and $631,414, respectively, at February 28, 2017. These factors raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company's continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue receiving investment capital and loans from third parties to sustain its current level of operations. The Company is in the process of securing working capital from investors for common stock, convertible notes payable, and/or strategic partnerships. No assurance can be given that the Company will be successful in these efforts. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the amortization period for intangible assets, valuation and impairment valuation of intangible assets, depreciable lives of the web site and property and equipment, valuation of warrants and beneficial conversion feature debt discounts, valuation of derivatives, valuation of share-based payments and the valuation allowance on deferred tax assets. Reclassifications Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders' equity as previously reported. Net Earnings (Loss) Per Share In accordance with ASC 260-10, "Earnings per Share," basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent shares which may dilute future earnings per share consist of convertible notes convertible into 2,851,185 common shares. Equivalent shares are not utilized when the effect is anti-dilutive (see Note 3). Effect of Recent Accounting Pronouncements The Company reviews new accounting pronouncements as issued. No new pronouncements had any material effect on these unaudited financial statements. The accounting pronouncements issued subsequent to the date of these unaudited financial statements that were considered significant by management were evaluated for the potential effect on these unaudited financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these unaudited financial statements as presented and does not anticipate the need for any future restatement of these unaudited condensed financial statements because of the retro-active application of any accounting pronouncements issued subsequent to February 28, 2017 through the date these unaudited financial statements were issued. |
ASSIGNMENT OF CONTRACTUAL RIGHT
ASSIGNMENT OF CONTRACTUAL RIGHTS | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 2 - ASSIGNMENT OF CONTRACTUAL RIGHTS | On November 9, 2015, in exchange for 5,000,000 shares of common stock of the Company, the Company was assigned by AMJ Global, LLC ("AMJ Global"), a company beneficially owned by Dr. Arthur Malone, Jr., the Company's chief executive officer and director, the contractual rights of AMJ Global pursuant to its agreements with Blabeey, Inc. ("Blabeey"), a mobile App designer focused on social media and messaging. The irrevocable assignment, transferred and conveyed in its entirety to the Company, all of AMJ Global's rights and obligations that are stipulated and set forth in every and all agreements between AMJ Global and Blabeey, including, but not limited to, the agreement between AMJ Global and Blabeey dated October 26, 2015. The transaction was, due to the structure of the agreement, between entities under common control and therefore the amount of the historical cost of the assets, $471,672, was recorded as an expense as there is no fixed and determinable future value, and the expense was recorded as a loss on the acquisition of contractual rights. See Notes 5 and 6. |
CONVERTIBLE NOTES PAYABLE TO RE
CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES, NET OF DISCOUNTS | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 3 - CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES, NET OF DISCOUNTS | Convertible notes payable, net of discounts, all classified as current at February 28, 2017 and November 30, 2016, consists of the following: Convertible notes to related parties, net of discounts February 28, 2017 November 30, 2016 Principal, Principal, Debt net of Debt net of Principal Discount Discounts Principal Discount Discounts AMJ Global, LLC (a) $ 9,935 $ - $ 9,935 $ 9,935 $ - $ 9,935 AMJ Global, LLC 18,128 - 18,128 18,128 - 18,128 AMJ Global, LLC 19,901 - 19,901 19,901 - 19,901 AMJ Global, LLC 6,287 (620 ) 5,667 6,287 (2,170 ) 4,117 Total $ 54,251 $ (620 ) $ 53,631 $ 54,251 $ (2,170 ) $ 52,081 ________ On November 9, 2015, the Company executed a convertible promissory note with Victor Stepanov, the former chief executive officer and director of the Company, for $9,935, in exchange for accrued compensation pursuant to his employment agreement with the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. As of February 28, 2017 and November 30, 2016, the accrued interest was $1,563 and $1,265, respectively. The note matures on November 8, 2016. The note has a conversion feature of $0.02 per share. A beneficial conversion feature of $9,935 was recorded and will be accreted monthly from the issuance date of the note through maturity. As of February 28, 2017 and November 30, 2016, $9,935 and $9,935, respectively, has been recorded as a beneficial conversion feature expense. On March 15, 2016, Mr. Stepanov assigned this convertible promissory note to AMJ Global, LLC ("AMJ Global"). See Notes 5 and 6. On November 9, 2015, the Company executed a convertible promissory note with AMJ Global, a company which is beneficially owned by Dr. Arthur Malone, Jr., the chief executive officer and director of the Company, for $18,128. This note was created due to the assignment of the balance due to shareholder (see Note 5), which was assigned to AMJ Global on November 9, 2015. The note bears interest at the rate of 12% per annum, which accrues monthly. As of February 28, 2017 and November 30, 2016, the accrued interest was $2,854 and $2,310, respectively. The note matures on November 8, 2016. The note has a conversion feature of $0.02 per share. A beneficial conversion feature of $18,128 was recorded and will be accreted monthly from the issuance date of the note through maturity. As of February 28, 2017 and November 30, 2016, $18,128, respectively, has been recorded as a beneficial conversion feature expense. See Note 5. On February 5, 2016, the Company executed a convertible promissory note with AMJ Global for $19,901. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. As of February 28, 2017 and November 30, 2016, the accrued interest was $2,557 and $1,960. The note matures on February 4, 2017. The note has a conversion feature of $0.02 per share. A beneficial conversion feature of $19,901 was recorded and will be accreted monthly from the issuance date of the note through maturity. As of February 28, 2017, $19,901 has been recorded as a beneficial conversion feature expense. See Note 5. On April 6, 2016, the Company executed a convertible promissory note with AMJ Global for $6,287. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. As of February 28, 2017 and November 30, 2016, the accrued interest was $682 and $493. The note matures on April 6, 2017. The note has a conversion feature of $0.02 per share. A beneficial conversion feature of $6,287 was recorded and will be accreted monthly from the issuance date of the note through maturity. As of February 28, 2017, $5,667 has been recorded as a beneficial conversion feature expense. See Note 5. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 4 - COMMITMENTS AND CONTINGENCIES | Legal Matters From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of February 28, 2017, there were no pending or threatened lawsuits. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 5 - RELATED PARTY TRANSACTIONS | In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. On August 16, 2013, our sole director and principal shareholder advanced $678 to the Company to fund its initial incorporation with the Nevada Secretary of State. The sole director and principal shareholder loaned a further $500 to the Company on October 30, 2013 as working capital. During October 2014, a director had loaned $10,300 to the Company for working capital. During the fiscal year 2015, through November 9, 2015, an additional $6,650 was loaned to the Company. On November 9, 2015, the total for the loan from this director was $18,128 and it was assigned to AMJ Global, a company controlled by Dr. Arthur Malone, Jr., the Company's chief executive officer and director. The Company executed a convertible note payable to AMJ Global for $18,128. This note was created due to the assignment of the balance due to shareholder (see Note 3), which was assigned to AMJ Global on November 9, 2015. On February 5, 2016, the Company executed a convertible promissory note with AMJ Global for $19,901. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. The note matures on June 8, 2016. The note has a conversion feature of $0.02 per share. See Note 3. On March 15, 2016, Mr. Stepanov assigned his convertible promissory note to AMJ Global. See Note 3. On April 6, 2016, the Company executed a convertible promissory note with AMJ Global for $6,287. This note was in exchange for the payment of certain vendors of the Company. The note bears interest at the rate of 12% per annum, which accrues monthly. The note matures on April 6, 2017. The note has a conversion feature of $0.02 per share. See Note 3. In the three months ended February 28, 2017, the Company had $0 of general and administrative expenses paid by AMJ Global, a company beneficially owned by Dr. Arthur Malone, Jr., the chief executive officer and director of the Company. As of February 28, 2017 and November 30, 2016, the Company had accrued expenses to related party balances of $7,656 and $6,029. |
STOCKHOLDERS' DEFICIT
STOCKHOLDERS' DEFICIT | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 6 - STOCKHOLDERS' DEFICIT | Common Stock The Company was authorized to issue up to 75,000,000 shares of common stock, par value $0.001 per share. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, with no pre-emptive rights. There were 10,570,000 shares of common stock issued and outstanding as of February 28, 2017. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Feb. 28, 2017 | |
Notes to Financial Statements | |
NOTE 7 - SUBSEQUENT EVENTS | Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that no material subsequent events exist. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Feb. 28, 2017 | |
Summary Of Significant Accounting Policies Policies | |
Organization | Kange Corp. ("Kange," the "Company," "we," "us," or "our") was incorporated under the laws of the State of Nevada on August 16, 2013 (Inception). We are a development stage company developing mobile software products, for Apple and Android platforms, starting in Estonia and Europe, which is our initial intended market. Apple is a trademark of Apple Inc., and Android is a trademark of Alphabet Inc. |
Basis of Presentation | The accompanying unaudited condensed financial statements of Kange Corp. have been prepared in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. The results of operations for the interim period ended February 28, 2017 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending November 30, 2017. In the opinion of the Company's management, the information contained herein reflects all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the Company's results of operations, financial position and cash flows. The unaudited interim condensed financial statements should be read in conjunction with the audited financial statements in the Company's Form 10-K for the year ended November 30, 2016 filed on March 3, 2017 and Management's Discussion and Analysis of Financial Condition and Results of Operations. |
Fair Value of Financial Instruments | The Company measures its financial assets and liabilities in accordance with generally accepted accounting principles. For certain of our financial instruments, including cash, accounts payable, accrued expenses, and short-term loans the carrying amounts approximate fair value due to their short maturities. The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. |
Going Concern | The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company sustained net losses of $11,186 and used cash in operating activities of $90 for the three months ended February 28, 2017. The Company had working capital deficit, stockholders' deficit and accumulated deficit of $79,591, $79,591 and $631,414, respectively, at February 28, 2017. These factors raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company's continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue receiving investment capital and loans from third parties to sustain its current level of operations. The Company is in the process of securing working capital from investors for common stock, convertible notes payable, and/or strategic partnerships. No assurance can be given that the Company will be successful in these efforts. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Use of Estimates | The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the amortization period for intangible assets, valuation and impairment valuation of intangible assets, depreciable lives of the web site and property and equipment, valuation of warrants and beneficial conversion feature debt discounts, valuation of derivatives, valuation of share-based payments and the valuation allowance on deferred tax assets. |
Reclassifications | Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses, total assets, or stockholders' equity as previously reported. |
Net Earnings (Loss) Per Share | In accordance with ASC 260-10, "Earnings per Share," basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Dilutive common stock equivalent shares which may dilute future earnings per share consist of convertible notes convertible into 2,851,185 common shares. Equivalent shares are not utilized when the effect is anti-dilutive (see Note 3). |
Effect of Recent Accounting Pronouncements | The Company reviews new accounting pronouncements as issued. No new pronouncements had any material effect on these unaudited financial statements. The accounting pronouncements issued subsequent to the date of these unaudited financial statements that were considered significant by management were evaluated for the potential effect on these unaudited financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these unaudited financial statements as presented and does not anticipate the need for any future restatement of these unaudited condensed financial statements because of the retro-active application of any accounting pronouncements issued subsequent to February 28, 2017 through the date these unaudited financial statements were issued. |
CONVERTIBLE NOTES PAYABLE TO 14
CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES, NET OF DISCOUNTS (Tables) | 3 Months Ended |
Feb. 28, 2017 | |
Convertible Notes Payable To Related Parties Net Of Discounts Tables | |
Convertible notes to related parties | Convertible notes to related parties, net of discounts February 28, 2017 November 30, 2016 Principal, Principal, Debt net of Debt net of Principal Discount Discounts Principal Discount Discounts AMJ Global, LLC (a) $ 9,935 $ - $ 9,935 $ 9,935 $ - $ 9,935 AMJ Global, LLC 18,128 - 18,128 18,128 - 18,128 AMJ Global, LLC 19,901 - 19,901 19,901 - 19,901 AMJ Global, LLC 6,287 (620 ) 5,667 6,287 (2,170 ) 4,117 Total $ 54,251 $ (620 ) $ 53,631 $ 54,251 $ (2,170 ) $ 52,081 |
ORGANIZATION AND NATURE OF BU15
ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($) | 3 Months Ended | ||
Feb. 28, 2017 | Feb. 29, 2016 | Nov. 30, 2016 | |
Organization And Nature Of Business Details Narrative | |||
State of incorporation | State of Nevada | ||
Date of incorporation | Aug. 16, 2013 | ||
Net loss | $ (11,186) | $ (24,951) | |
Net cash used in operating activities | (90) | $ (19,983) | |
Working capital deficit | (79,591) | ||
Stockholders' deficit | (79,591) | $ (68,405) | |
Accumulated deficit | $ (631,414) | $ (620,228) | |
Common stock shares issuable upon conversion of convertible notes | 2,851,185 |
ASSIGNMENT OF CONTRACTUAL RIG16
ASSIGNMENT OF CONTRACTUAL RIGHTS (Details Narrative) | Nov. 09, 2015USD ($)shares |
Assignment Of Contractual Rights Details Narrative | |
Common stock shares exchanged | shares | 5,000,000 |
Historical cost of assets | $ | $ 471,672 |
CONVERTIBLE NOTES PAYABLE TO 17
CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES, NET OF DISCOUNTS (Details) - USD ($) | Feb. 28, 2017 | Nov. 30, 2016 |
Principal | $ 54,251 | $ 54,251 |
Debt Discount | (620) | (2,170) |
Principal, net of discount | 53,631 | 52,081 |
AMJ Global LLC [Member] | ||
Principal | 9,935 | 9,935 |
Debt Discount | ||
Principal, net of discount | 9,935 | 9,935 |
AMJ Global LLC One [Member] | ||
Principal | 18,128 | 18,128 |
Debt Discount | ||
Principal, net of discount | 18,128 | 18,128 |
AMJ Global LLC Two [Member] | ||
Principal | 19,901 | 19,901 |
Debt Discount | ||
Principal, net of discount | 19,901 | 19,901 |
AMJ Global LLC Three [Member] | ||
Principal | 6,287 | 6,287 |
Debt Discount | (620) | (2,170) |
Principal, net of discount | $ 5,667 | $ 4,117 |
CONVERTIBLE NOTES PAYABLE TO 18
CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES, NET OF DISCOUNTS (Details Narrative) - USD ($) | Apr. 06, 2016 | Feb. 05, 2016 | Nov. 09, 2015 | Feb. 28, 2017 | Feb. 29, 2016 | Nov. 30, 2016 |
Beneficial conversion feature recorded | $ (1,550) | $ (12,897) | ||||
AMJ Global LLC [Member] | ||||||
Convertible notes payable | $ 6,287 | $ 19,901 | $ 9,935 | |||
Interest rate | 12.00% | 12.00% | 12.00% | |||
Maturity date | Apr. 6, 2017 | Jun. 8, 2016 | Nov. 8, 2016 | |||
Accrued interest | $ 1,563 | $ 1,265 | ||||
Conversion price per shares | $ 0.02 | $ 0.02 | $ 0.02 | |||
Beneficial conversion feature recorded | $ 9,935 | |||||
Beneficial conversion feature expense | 9,935 | 9,935 | ||||
AMJ Global LLC One [Member] | ||||||
Convertible notes payable | $ 18,128 | |||||
Interest rate | 12.00% | |||||
Maturity date | Nov. 8, 2016 | |||||
Accrued interest | $ 2,854 | 2,310 | ||||
Conversion price per shares | $ 0.02 | |||||
Beneficial conversion feature recorded | $ 18,128 | |||||
Beneficial conversion feature expense | 18,128 | 18,128 | ||||
AMJ Global LLC Two [Member] | ||||||
Convertible notes payable | $ 19,901 | |||||
Interest rate | 12.00% | |||||
Maturity date | Feb. 4, 2017 | |||||
Accrued interest | $ 2,557 | 1,960 | ||||
Conversion price per shares | $ 0.02 | |||||
Beneficial conversion feature recorded | $ 19,901 | |||||
Beneficial conversion feature expense | 19,901 | |||||
AMJ Global LLC Three [Member] | ||||||
Convertible notes payable | $ 6,287 | |||||
Interest rate | 12.00% | |||||
Maturity date | Apr. 6, 2017 | |||||
Accrued interest | $ 682 | $ 493 | ||||
Conversion price per shares | $ 0.02 | |||||
Beneficial conversion feature recorded | $ 6,287 | |||||
Beneficial conversion feature expense | $ 5,667 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Apr. 06, 2016 | Feb. 05, 2016 | Nov. 09, 2015 | Feb. 28, 2017 | Feb. 29, 2016 | Nov. 30, 2016 | Oct. 31, 2014 | Oct. 30, 2013 | Aug. 16, 2013 |
General and administrative expenses | $ 8,009 | $ 11,051 | |||||||
Accrued expenses - related party | 7,656 | $ 6,029 | |||||||
Financing arrangement for working capital | $ 10,300 | $ 500 | |||||||
Loan | $ 18,128 | $ 6,650 | |||||||
Nevada Secretary [Member] | |||||||||
Advanced from shareholder | $ 678 | ||||||||
AMJ Global LLC [Member] | |||||||||
General and administrative expenses | $ 0 | ||||||||
Convertible notes payable | $ 6,287 | $ 19,901 | $ 9,935 | ||||||
Interest rate | 12.00% | 12.00% | 12.00% | ||||||
Conversion price per shares | $ 0.02 | $ 0.02 | $ 0.02 | ||||||
Maturity date | Apr. 6, 2017 | Jun. 8, 2016 | Nov. 8, 2016 | ||||||
AMJ Global LLC [Member] | Convertible Notes Payable [Member] | |||||||||
Convertible note payable | $ 18,128 |
STOCKHOLDERS' DEFICIT (Details
STOCKHOLDERS' DEFICIT (Details Narrative) - $ / shares | Feb. 28, 2017 | Nov. 30, 2016 |
Stockholders Deficit Details Narrative | ||
Common stock, Issued | 10,570,000 | 10,570,000 |
Common stock, Outstanding | 10,570,000 | 10,570,000 |
Common stock, Par value | $ 0.001 | $ 0.001 |
Common stock, Authorized | 75,000,000 | 75,000,000 |