Cover
Cover - shares | 9 Months Ended | |
Jul. 31, 2023 | Sep. 18, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jul. 31, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --10-31 | |
Entity File Number | 000-53450 | |
Entity Registrant Name | YUENGLING’S ICE CREAM CORPORATION | |
Entity Central Index Key | 0001624517 | |
Entity Tax Identification Number | 47-1893698 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | One Glenlake Parkway #650 | |
Entity Address, City or Town | Atlanta | |
Entity Address, State or Province | GA | |
Entity Address, Postal Zip Code | 30328 | |
City Area Code | 404 | |
Local Phone Number | 805-6044 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Elected Not To Use the Extended Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 262,488,710 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Current Assets: | ||
Cash | $ 943 | $ 4,747 |
Accounts receivable | 20 | 0 |
Inventory | 0 | 56,212 |
Prepaid stock compensation | 165,000 | 0 |
Other receivable – related party | 5,500 | 5,500 |
Total Current Assets | 171,463 | 66,459 |
Other Assets: | ||
Property and equipment, net | 0 | 30,300 |
Total Assets | 171,463 | 96,759 |
Current Liabilities: | ||
Accounts payable | 198,049 | 214,365 |
Accrued interest | 126,815 | 49,447 |
Accrued compensation | 86,000 | 41,000 |
Notes payable | 159,796 | 119,121 |
Loans payable | 589,092 | 595,092 |
Convertible note payable, net of $29,132 and $123,813 discount, respectively | 30,624 | 14,255 |
Derivative liability | 83,354 | 247,034 |
Line of credit | 489,438 | 693,798 |
Total Current Liabilities | 1,763,168 | 1,974,112 |
Total Liabilities | 1,763,168 | 1,974,112 |
Commitments and contingencies | ||
Mezzanine Equity: | ||
Preferred stock to be issued | 392,022 | 392,022 |
Total mezzanine equity | 392,022 | 392,022 |
Stockholders' Deficit: | ||
Preferred stock, Series A; par value $0.0001; 10,000,000 shares authorized, 5,000,000 shares issued and outstanding | 500 | 500 |
Common stock: $0.001 par value; 2,500,000,000 shares authorized; 1,212,372,739 and 14,828,595 shares issued and outstanding, respectively | 212,373 | 14,827 |
Additional paid in capital | 2,393,977 | 1,747,423 |
Accumulated deficit | (4,590,577) | (4,032,125) |
Total Stockholders' Deficit | (1,983,727) | (2,269,375) |
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT | $ 171,463 | $ 96,759 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Net of discount | $ 29,132 | $ 123,813 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 5,000,000 | 5,000,000 |
Preferred stock, shares outstanding | 5,000,000 | 5,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 2,500,000,000 | 2,500,000,000 |
Common stock, shares issued | 1,212,372,739 | 14,828,595 |
Common stock, shares outstanding | 1,212,372,739 | 14,828,595 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 20 | $ 0 | $ 20 | $ 0 |
Cost of revenue | 56,211 | 0 | 56,211 | 0 |
Gross margin | (56,191) | 0 | (56,191) | 0 |
Operating Expenses: | ||||
General and administrative expenses | 48,356 | 11,334 | 113,837 | 79,820 |
Officer compensation | 60,000 | 15,000 | 142,500 | 48,000 |
Professional fees | 8,409 | 16,915 | 47,344 | 92,060 |
Total operating expenses | 116,765 | 43,249 | 303,681 | 219,880 |
Loss from operations | (172,956) | (43,249) | (359,872) | (219,880) |
Other income (expense): | ||||
Interest expense | (47,233) | (23,105) | (258,448) | (67,110) |
Interest income | 0 | 0 | 0 | 174 |
Change in fair value of derivative | 2,314 | 0 | 74,564 | 0 |
Gain on conversion of debt | 2,474 | 0 | 57,234 | 0 |
Loss on conversion of debt | (3,134) | 0 | (3,134) | 0 |
Loss on issuance of convertible debt | 0 | 0 | (38,496) | 0 |
Loss on impairment of property and equipment | (30,300) | 0 | (30,300) | 0 |
Total other expense | (75,879) | (23,105) | (198,580) | (66,936) |
Net loss | $ (248,835) | $ (66,354) | $ (558,452) | $ (286,816) |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Income Statement [Abstract] | ||||
Earnings Per Share, Basic | $ 0 | $ 0.01 | $ 0 | $ 0.02 |
Earnings Per Share, Diluted | $ 0 | $ 0.01 | $ 0 | $ 0.02 |
Weighted Average Number of Shares Outstanding, Basic | 203,934,929 | 12,353,957 | 116,496,420 | 11,739,983 |
Weighted Average Number of Shares Outstanding, Diluted | 203,934,929 | 12,353,957 | 116,496,420 | 11,739,983 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Common Stock [Member] | Series A Preferred Stocks [Member] | Additional Paid-in Capital [Member] | Common Stock To Be Issued [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Oct. 31, 2021 | $ 10,235 | $ 500 | $ 1,392,994 | $ 165,000 | $ (3,550,773) | $ (1,982,044) |
Ending balance, shares at Oct. 31, 2021 | 10,234,537 | 5,000,000 | ||||
Stock issued for cash | $ 1,533 | 259,467 | (165,000) | 96,000 | ||
Stock issued for cash, shares | 1,533,334 | |||||
Net Loss | (119,785) | (119,785) | ||||
Ending balance, value at Jan. 31, 2022 | $ 11,768 | $ 500 | 1,652,461 | (3,670,558) | (2,005,829) | |
Ending balance, shares at Jan. 31, 2022 | 11,767,871 | 5,000,000 | ||||
Beginning balance, value at Oct. 31, 2021 | $ 10,235 | $ 500 | 1,392,994 | 165,000 | (3,550,773) | (1,982,044) |
Ending balance, shares at Oct. 31, 2021 | 10,234,537 | 5,000,000 | ||||
Net Loss | (286,816) | |||||
Ending balance, value at Jul. 31, 2022 | $ 13,528 | $ 500 | 1,742,221 | (3,837,589) | (2,081,340) | |
Ending balance, shares at Jul. 31, 2022 | 13,527,871 | 5,000,000 | ||||
Beginning balance, value at Jan. 31, 2022 | $ 11,768 | $ 500 | 1,652,461 | (3,670,558) | (2,005,829) | |
Ending balance, shares at Jan. 31, 2022 | 11,767,871 | 5,000,000 | ||||
Net Loss | (100,677) | (100,677) | ||||
Ending balance, value at Apr. 30, 2022 | $ 11,768 | $ 500 | 1,652,461 | (3,771,235) | (2,106,506) | |
Ending balance, shares at Apr. 30, 2022 | 11,767,871 | 5,000,000 | ||||
Stock issued for cash | $ 1,760 | 89,760 | 91,520 | |||
Stock issued for cash, shares | 1,760,000 | |||||
Net Loss | (66,354) | (66,354) | ||||
Ending balance, value at Jul. 31, 2022 | $ 13,528 | $ 500 | 1,742,221 | (3,837,589) | (2,081,340) | |
Ending balance, shares at Jul. 31, 2022 | 13,527,871 | 5,000,000 | ||||
Beginning balance, value at Oct. 31, 2022 | $ 14,827 | $ 500 | 1,747,423 | (4,032,125) | (2,269,375) | |
Ending balance, shares at Oct. 31, 2022 | 14,828,595 | 5,000,000 | ||||
Stock issued for conversion of debt | $ 10,339 | 63,355 | 73,694 | |||
Stock issued for conversion of debt, shares | 10,337,727 | |||||
Stock issued for services | $ 30,000 | 150,000 | 180,000 | |||
Stock issued for services, shares | 30,000,000 | |||||
Stock issued for services – related party | $ 30,000 | 150,000 | 180,000 | |||
Stock issued for services related party, shares | 30,000,000 | |||||
Net Loss | (106,219) | (106,219) | ||||
Ending balance, value at Jan. 31, 2023 | $ 85,166 | $ 500 | 2,110,778 | (4,138,344) | (1,941,900) | |
Ending balance, shares at Jan. 31, 2023 | 85,166,322 | 5,000,000 | ||||
Beginning balance, value at Oct. 31, 2022 | $ 14,827 | $ 500 | 1,747,423 | (4,032,125) | (2,269,375) | |
Ending balance, shares at Oct. 31, 2022 | 14,828,595 | 5,000,000 | ||||
Net Loss | (558,452) | |||||
Ending balance, value at Jul. 31, 2023 | $ 212,373 | $ 500 | 2,393,977 | (4,590,577) | (1,983,727) | |
Ending balance, shares at Jul. 31, 2023 | 212,372,739 | 5,000,000 | ||||
Beginning balance, value at Jan. 31, 2023 | $ 85,166 | $ 500 | 2,110,778 | (4,138,344) | (1,941,900) | |
Ending balance, shares at Jan. 31, 2023 | 85,166,322 | 5,000,000 | ||||
Stock issued for conversion of debt | $ 99,166 | 75,203 | 174,369 | |||
Stock issued for conversion of debt, shares | 99,165,686 | |||||
Contributed capital | 204,360 | 204,360 | ||||
Net Loss | (203,398) | (203,398) | ||||
Ending balance, value at Apr. 30, 2023 | $ 184,332 | $ 500 | 2,390,341 | (4,341,742) | (1,766,569) | |
Ending balance, shares at Apr. 30, 2023 | 184,332,008 | 5,000,000 | ||||
Stock issued for conversion of debt | $ 28,041 | 3,636 | 31,677 | |||
Stock issued for conversion of debt, shares | 28,040,731 | |||||
Net Loss | (248,835) | (248,835) | ||||
Ending balance, value at Jul. 31, 2023 | $ 212,373 | $ 500 | $ 2,393,977 | $ (4,590,577) | $ (1,983,727) | |
Ending balance, shares at Jul. 31, 2023 | 212,372,739 | 5,000,000 |
CONDENSED CONSOLIDATED STATEM_4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Cash flows from operating activities: | ||
Net loss | $ (558,452) | $ (286,816) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock compensation – related party | 97,500 | 0 |
Stock compensation | 97,500 | 0 |
Debt discount amortization | 159,487 | 5,718 |
Change in fair value of derivative | (74,564) | 0 |
Loss on issuance of convertible debt | 38,496 | 0 |
Loss on conversion of debt | 3,134 | 0 |
Gain on conversion of debt | (57,234) | 0 |
Loss on inventory impairment | 56,211 | |
Loss on impairment of property and equipment | 30,300 | 0 |
Changes in assets and liabilities: | ||
Other receivable – related party | 0 | (5,500) |
Accounts receivable | (20) | 0 |
Accounts payable | (16,317) | 9,378 |
Accrued compensation – related party | 45,000 | 28,000 |
Accrued liabilities | 85,480 | 11,971 |
Net cash used in operating activities | (93,479) | (237,249) |
Cash flows from investing activities: | ||
Issuance of note receivable | 0 | (80,000) |
Net cash used by investing activities | 0 | (80,000) |
Cash flows from financing activities: | ||
Net payments on the sale of preferred stock | 0 | (39,328) |
Sale of common stock | 0 | 187,520 |
Payment on LOC | 0 | (106,201) |
Proceeds from convertible notes payable | 55,000 | 73,500 |
Proceeds from notes payable | 40,675 | 0 |
Payments on notes payable | (6,000) | (128,738) |
Net cash provided (used) by financing activities | 89,675 | (13,247) |
Net change in cash | (3,804) | (330,496) |
Cash, beginning of period | 4,747 | 350,905 |
Cash, end of period | 943 | 20,409 |
Cash paid during the period for: | ||
Interest | 0 | 0 |
Income taxes | 0 | 0 |
Supplemental Disclosure of Non-Cash Activity: | ||
Common stock issued for prepaid services | 360,000 | 0 |
Common stock issued for conversion of debt | 151,230 | 0 |
Collateral used to reduce LOC | $ 204,360 | $ 0 |
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS | 9 Months Ended |
Jul. 31, 2023 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND BUSINESS | NOTE 1 – ORGANIZATION AND BUSINESS Yuengling’s Ice Cream Corporation, (f/k/a Aureus, Inc.) (“ Yuengling’s YCRM we us Company The Company has been a food brand development company with the intention to build and represent popular food concepts throughout the United States and international markets. Management is highly experienced at business integration and re-branding potential. With little territory available for the older brands, we intend to bring to our customers fresh innovative brands that have great potential. All of our brands will be unique in nature as we focus on niche markets that are still in need of development. We operate two lines of business. Through our subsidiary, YIC Acquisitions Corp. (“ YICA In September 2020, we entered into the micro market segment and launched our second business line, Aureus Micro Markets (“ AMM On December 9, 2022, the Company entered into an exclusive licensing agreement with GPO Plus, Inc. (OTCQB: GPOX). GPOX will develop a full line of CBD and other hemp derived cannabinoid products based on the iconic flavors of Yuengling’s Ice Cream. The initial term of the Agreement runs through November 30, 2027, with an option to extend for an additional five years. In consideration for the trademark license, GPOX will pay the Company a royalty of 5% of all gross wholesale revenue generated from the sale of Yuengling’s Ice Cream branded products. Additional details regarding products, flavors, launch date and where the product will be sold will be provided in the near future. On August 29, 2023, the Company announced that is executed a binding letter of intent (“LOI”) with PickleJar Holdings, Inc (“PickleJar”), a Texas-based music and entertainment software company for a proposed business combination (the “Business Combination”). The entity resulting from the Proposed Transaction will continue to carry on the business of PickleJar as a content-driven media network and live entertainment technology services provider, unifying every touchpoint of the fan experience for emerging artists, mid-sized venues, and global brands. The initial term of the LOI runs through September 30, 2023, allowing for the parties to complete their due diligence requirement, with the intent of entering into a definitive agreement prior to September 30, 2023. In 2022, the Company developed a reorganization plan to explore taking the ice cream business private to better allow the brand to advance. Upon the signing of the PickleJar definitive agreement, the Company has agreed to assign the ice cream assets to Mid Penn Bank in return for the cancellation of the bank debt. The Company also will cease its Aureus Micro Markets operations at the time the PickleJar definitive agreement is signed. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Jul. 31, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending October 31, 2023. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended October 31, 2022. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Restricted Cash The Company has an obligation to transfer $ 50,000 Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of July 31, 2023 and 2022, there are 424,809,196 27,059,801 100,757,000 174,444,000 Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary YIC Acquisitions Corp. All material transactions and balances have been eliminated on consolidation. Derivative Financial Instruments The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below: Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates. Level 3: Level 3 inputs are unobservable inputs. The following required disclosure of the estimated fair value of financial instruments has been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The methods and assumptions used to estimate the fair values of each class of financial instruments are as follows: Cash and Cash Equivalents, Accounts Receivable, and Accounts Payable. The items are generally short-term in nature, and accordingly, the carrying amounts reported on the consolidated balance sheets are reasonable approximations of their fair values. The carrying amounts of Notes Payable approximate the fair value as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of July 31, 2023: Schedule of liabilities measured at fair value Description Level 1 Level 2 Level 3 Total Gains Derivative $ – $ – $ 83,354 $ 74,564 Total $ – $ – $ 83,354 $ 74,564 The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of October 31, 2022: Description Level 1 Level 2 Level 3 Total Gains Derivative $ – $ – $ 247,034 $ 73,670 Total $ – $ – $ 247,034 $ 73,670 Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the condensed consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Jul. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying unaudited condensed consolidated 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 has an accumulated deficit of $ 4,590,577 558,452 93,479 |
INVENTORY
INVENTORY | 9 Months Ended |
Jul. 31, 2023 | |
Inventory Disclosure [Abstract] | |
INVENTORY | NOTE 4 – INVENTORY Inventories are stated at the lower of cost or market. Cost is principally determined using the last-in, first-out (LIFO) method. The Company periodically assesses if any of the inventory has expired or if the value has fallen below cost. When this occurs, the Company recognizes an expense for inventory write down. 56,190 |
PROPERTY & EQUIPMENT
PROPERTY & EQUIPMENT | 9 Months Ended |
Jul. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY & EQUIPMENT | NOTE 5 - PROPERTY & EQUIPMENT Property and Equipment are first recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets as follows between three and five years. Long lived assets, including property and equipment, to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income. Property and equipment stated at cost, less accumulated depreciation consisted of the following: Schedule of property and equipment July 31, October 31, Property and equipment $ – $ 30,300 Less: accumulated depreciation – – Property and equipment, net $ – $ 30,300 Property and equipment consisted of shelving and racks purchased for the Aureus Micro Markets business, which has been put on hold. Since the Company has yet to place the fixed assets into service management determined that they should be fully impaired. The Company recognized impairment expense of $ 30,300 |
NOTES PAYABLE
NOTES PAYABLE | 9 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 6 – NOTES PAYABLE On September 9, 2015, the Company issued to Backenald Corp. a promissory note in the principal amount of $ 20,000 5 10 14,651 On February 23, 2017 17,500 8 11,671 On March 27, 2017 12,465 8 7,794 On May 16, 2017 4,500 8 2,738 On July 28, 2017 20,000 8 11,508 On January 24, 2020 15,000 10 April 30, 2020 0 1,155 On March 24, 2020 20,000 May 30, 2020 5,000 4,975 As of July 31, 2023, the Company was also indebted to another third party for a total of $ 24,656 On June 1, 2023 40,675 5 June 1, 2024 |
LOANS PAYABLE
LOANS PAYABLE | 9 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
LOANS PAYABLE | NOTE 7 – LOANS PAYABLE The Company has an SBA loan with monthly payments that matures on March 13, 2026 589,092 595,092 10.25 The Company has a line of credit requiring monthly payments. On December 24, 2021, $106,201 from a CD was applied to the Line of Credit balance. On April 5, 2023, a property pledged as collateral by David Yuengling was taken over by Mid Penn Bank. The property’s appraised value of $204,360 was applied to the principal of the Line of Credit and credited to paid in capital. 539,675 50,236 693,799 9.5 |
CONVERTIBLE NOTE PAYABLE
CONVERTIBLE NOTE PAYABLE | 9 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTE PAYABLE | NOTE 8 – CONVERTIBLE NOTE PAYABLE On March 2, 2022, the Company issued a convertible promissory note to Quick Capital, LLC in the amount of $ 87,222 73,500 12 13,722 93,818 5,457 84,358,767 On September 7, 2022, the Company issued a convertible promissory note to 1800 Diagonal Lending LLC in the amount of $ 44,250 40,000 4,250 4,250 44,250 2,655 43,165,536 On December 8, 2022, the Company issued a Convertible Promissory Note to 1800 Diagonal Lending LLC in the amount of $ 39,250 35,000 4,250 4,250 12 5,050 10,019,841 On February 3, 2023, the Company issued a convertible promissory note to Quick Capital, LLC in the amount of $ 25,556 20,000 5,556 12 5,556 The following table summarizes the convertible notes outstanding as of July 31, 2023: Schedule of convertible notes and related activity Note Holder Date Maturity Date Interest Balance Additions Conversions Balance Quick Capital, LLC 10/21/2022 3/21/2023 12 $ 93,818 $ – $ (93,818 ) $ – 1800 Diagonal Lending LLC 9/7/2022 9/7/2023 12 44,250 – (44,250 ) – 1800 Diagonal Lending LLC 12/8/2022 12/8/2023 12 – 39,250 (5,050 ) 34,200 Quick Capital, LLC 2/3/2023 2/3/2024 12 – 25,556 – 25,556 Total $ 138,068 $ 64,806 $ (143,118 ) $ 59,756 Less Debt Discount (123,813 ) (29,132 ) $ 14,255 $ 30,624 A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liability Balance at October 31, 2021 $ – Increase to derivative due to new issuances 320,704 Decrease to derivative due to repayments – Derivative gain due to mark to market adjustment (73,670 ) Balance at October 31, 2022 247,034 Increase to derivative due to new issuances 93,496 Decrease to derivative due to conversions (182,612 ) Derivative gain due to mark to market adjustment (74,564 ) Balance at July 31, 2023 $ 83,354 A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of July 31, 2023 is as follows: Schedule of unobservable inputs for derivative liabilities Inputs July 31 2023 Initial Stock price $ 0.0012 $ 0.01 - 0.038 Conversion price $ 0.0006 – 0.0007 $ 0.0025 - 0.0069 Volatility (annual) 230.13% – 240.75% 222.7% - 326.59% Risk-free rate 5.53 3.6% - 4.79 Dividend rate – – Years to maturity 0.36 – 0.51 0.41 - 1 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Jul. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 9 – RELATED PARTY TRANSACTIONS During the nine months ended July 31, 2023 and 2022, the Company paid Robert Bohorad, CEO, $ 0 18,000 86,000 On January 14, 2023, the Company granted 30 million 0.006 180,000 |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
Jul. 31, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 10 – COMMON STOCK During the nine months ended July 31, 2023, Quick Capital LLC converted $ 93,818 5,152 84,358,767 During the nine months ended July 31 2023, 1800 Diagonal Lending LLC, converted $ 49,300 2,655 53,185,377 On January 14, 2023, the Company granted 30 million 0.006 180,000 |
PREFERRED STOCK
PREFERRED STOCK | 9 Months Ended |
Jul. 31, 2023 | |
Equity [Abstract] | |
PREFERRED STOCK | NOTE 11 – PREFERRED STOCK Series A Preferred The Company has designated Ten Million ( 10,000,000 0.0001 Except as otherwise required by law or by the Articles of Incorporation and except as set forth below, the outstanding shares of Series A Convertible Preferred Stock shall vote together with the shares of Common Stock and other voting securities of the Corporation as a single class and, regardless of the number of shares of Series A Convertible Preferred Stock outstanding and as long as at least one of such shares of Series A Convertible Preferred Stock is outstanding shall represent Sixty Six and Two Thirds Percent (66 2/3%) of all votes entitled to be voted at any annual or special meeting of shareholders of the Corporation or action by written consent of shareholders. Each outstanding share of the Series A Convertible Preferred Stock shall represent its proportionate share of the 66 2/3% which is allocated to the outstanding shares of Series A Convertible Preferred Stock. The entirety of the shares of Series A Convertible Preferred Stock outstanding as such time shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into two thirds of the after conversion outstanding fully paid and non-assessable shares of Common Stock. Each individual share of Series A Convertible Preferred Stock shall be convertible into Common Stock at a ratio determined by dividing the number of shares of Series A Convertible Stock to be converted by the number of shares of outstanding pre-conversion Series A Convertible Preferred Stock. Such initial Conversion Ratio, and the rate at which shares of Series A Convertible Preferred Stock may be converted into shares of Common Stock. As of July 31, 2023, there are 5,000,000 On May 1, 2023, The Company entered into a Series A Preferred Stock Purchase Agreement with Device Corp., of up to $250,000. The Series A Preferred Stock is Convertible into shares of common stock at a 50% discount to the lowest close price of the common stock for the prior thirty trading days. As of July 31, 2023, the Company has preferred stock to be issued in the amount of $ 392,022 0.0004 Series B Preferred The Series B preferred stock is convertible into shares of common stock at the option of the holder at a 35% discount to the lowest closing price for the thirty days prior to conversion. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Jul. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following. Upon the signing of the PickleJar Definitive Agreement, the Company has agreed to assign the ice cream assets to Mid Penn Bank in return for the cancellation of the bank debt. The Company also will cease its Aureus Micro Markets operations at the time the PickleJar definitive agreement is signed On September 15, 2023, Robert C. Bohorad and Charles Green returned a combined 60 million restricted common shares to the Company. These shares were originally issued on January 14, 2023. On August 23, 2023, the Company Subsequent to July 31, 2023, Quick Capital LLC, converted $9,565 and $1,700 of principal and interest, respectively, into 36,443,955 shares of common stock. On September 1, 2023, Quick Capital LLC accepted a payment of $22,000 settling the February 3, 2023, Convertible Promissory Note in full. The funds for the payment to Quick Capital were advanced to the Company by Pickle Jar Holdings Inc. Subsequent to July 31, 2023, 1800 Diagonal Lending LLC converted $31,340 of principal into 73,672,016 shares of common stock. On August 25, 2023, the Company Amended its Articles of Incorporation, to designate 5,000,000 of the Authorized preferred stock, par value $0.0001, as Series B Preferred Stock (“Series B”). The Series B is convertible into shares of common stock at the average price of the previous five trading days. On August 25, 2023, the Company and Device Corp amended the January 18, 2019, and the May 1, 2023 Series A Preferred Stock Purchase Agreements, so that any purchased Series A preferred stock is now Series B preferred stock. On August 25, 2023, Everett Dickson, Chairman of the Board, agreed to return 4,525,000 shares of Series A preferred Stock to the Company. The shares will be retired by the Company. On September 1, 2023, 1800 Diagonal Lending LLC accepted a payment of $13,500, settling the December 13, 2022, Convertible Promissory Note in full, including a $10,640 default penalty. The funds for the payment to 1800 Diagonal were advanced to the Company by Mr. Dickson. Subsequent to July 31, 2023, a third party forgave $5,000 and $6,131 of principal and interest, that was due to the Company. Subsequent to July 31, 2023, the Company was able to extinguish approximately $99,120 and $48,360 of time barred debt. On September 12, 2023, The Company amended its Articles of Incorporation, to change the par value of the Preferred stock form $0.001 to $0.0001. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Jul. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending October 31, 2023. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended October 31, 2022. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. |
Restricted Cash | Restricted Cash The Company has an obligation to transfer $ 50,000 |
Basic and Diluted Earnings Per Share | Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of July 31, 2023 and 2022, there are 424,809,196 27,059,801 100,757,000 174,444,000 |
Principles of Consolidation | Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary YIC Acquisitions Corp. All material transactions and balances have been eliminated on consolidation. |
Derivative Financial Instruments | Derivative Financial Instruments The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. |
Fair Value Measurements | Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below: Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates. Level 3: Level 3 inputs are unobservable inputs. The following required disclosure of the estimated fair value of financial instruments has been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The methods and assumptions used to estimate the fair values of each class of financial instruments are as follows: Cash and Cash Equivalents, Accounts Receivable, and Accounts Payable. The items are generally short-term in nature, and accordingly, the carrying amounts reported on the consolidated balance sheets are reasonable approximations of their fair values. The carrying amounts of Notes Payable approximate the fair value as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of July 31, 2023: Schedule of liabilities measured at fair value Description Level 1 Level 2 Level 3 Total Gains Derivative $ – $ – $ 83,354 $ 74,564 Total $ – $ – $ 83,354 $ 74,564 The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of October 31, 2022: Description Level 1 Level 2 Level 3 Total Gains Derivative $ – $ – $ 247,034 $ 73,670 Total $ – $ – $ 247,034 $ 73,670 |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the condensed consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations. |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Jul. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of liabilities measured at fair value | Schedule of liabilities measured at fair value Description Level 1 Level 2 Level 3 Total Gains Derivative $ – $ – $ 83,354 $ 74,564 Total $ – $ – $ 83,354 $ 74,564 The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of October 31, 2022: Description Level 1 Level 2 Level 3 Total Gains Derivative $ – $ – $ 247,034 $ 73,670 Total $ – $ – $ 247,034 $ 73,670 |
PROPERTY & EQUIPMENT (Tables)
PROPERTY & EQUIPMENT (Tables) | 9 Months Ended |
Jul. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Schedule of property and equipment | Schedule of property and equipment July 31, October 31, Property and equipment $ – $ 30,300 Less: accumulated depreciation – – Property and equipment, net $ – $ 30,300 |
CONVERTIBLE NOTE PAYABLE (Table
CONVERTIBLE NOTE PAYABLE (Tables) | 9 Months Ended |
Jul. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of convertible notes and related activity | Schedule of convertible notes and related activity Note Holder Date Maturity Date Interest Balance Additions Conversions Balance Quick Capital, LLC 10/21/2022 3/21/2023 12 $ 93,818 $ – $ (93,818 ) $ – 1800 Diagonal Lending LLC 9/7/2022 9/7/2023 12 44,250 – (44,250 ) – 1800 Diagonal Lending LLC 12/8/2022 12/8/2023 12 – 39,250 (5,050 ) 34,200 Quick Capital, LLC 2/3/2023 2/3/2024 12 – 25,556 – 25,556 Total $ 138,068 $ 64,806 $ (143,118 ) $ 59,756 Less Debt Discount (123,813 ) (29,132 ) $ 14,255 $ 30,624 |
Schedule of derivative liability | Schedule of derivative liability Balance at October 31, 2021 $ – Increase to derivative due to new issuances 320,704 Decrease to derivative due to repayments – Derivative gain due to mark to market adjustment (73,670 ) Balance at October 31, 2022 247,034 Increase to derivative due to new issuances 93,496 Decrease to derivative due to conversions (182,612 ) Derivative gain due to mark to market adjustment (74,564 ) Balance at July 31, 2023 $ 83,354 |
Schedule of unobservable inputs for derivative liabilities | Schedule of unobservable inputs for derivative liabilities Inputs July 31 2023 Initial Stock price $ 0.0012 $ 0.01 - 0.038 Conversion price $ 0.0006 – 0.0007 $ 0.0025 - 0.0069 Volatility (annual) 230.13% – 240.75% 222.7% - 326.59% Risk-free rate 5.53 3.6% - 4.79 Dividend rate – – Years to maturity 0.36 – 0.51 0.41 - 1 |
SIGNIFICANT ACCOUNTING POLICI_4
SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative Liability, Subject to Master Netting Arrangement, before Offset | $ 74,564 | $ 73,670 |
Derivative Liability | 74,564 | 73,670 |
Fair Value, Inputs, Level 1 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative Liability, Subject to Master Netting Arrangement, before Offset | 0 | 0 |
Derivative Liability | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative Liability, Subject to Master Netting Arrangement, before Offset | 0 | 0 |
Derivative Liability | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative Liability, Subject to Master Netting Arrangement, before Offset | 83,354 | 247,034 |
Derivative Liability | $ 83,354 | $ 247,034 |
SIGNIFICANT ACCOUNTING POLICI_5
SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Jul. 31, 2022 | |
Offsetting Assets [Line Items] | ||
Restricted cash | $ 50,000 | |
Anti-dilutive shares | 424,809,196 | 27,059,801 |
Stock To Be Issued [Member] | ||
Offsetting Assets [Line Items] | ||
Anti-dilutive shares | 100,757,000 | 174,444,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||||||
Jul. 31, 2023 | Apr. 30, 2023 | Jan. 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Jan. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||
Accumulated deficit | $ 4,590,577 | $ 4,590,577 | $ 4,032,125 | ||||||
Net loss | $ 248,835 | $ 203,398 | $ 106,219 | $ 66,354 | $ 100,677 | $ 119,785 | 558,452 | $ 286,816 | |
Net cash used in operating activities | $ 93,479 | $ 237,249 |
INVENTORY (Details Narrative)
INVENTORY (Details Narrative) | Jul. 31, 2023 USD ($) |
Inventory Disclosure [Abstract] | |
Inventory | $ 56,190 |
PROPERTY & EQUIPMENT (Details)
PROPERTY & EQUIPMENT (Details) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Property, Plant and Equipment [Abstract] | ||
Property and equipment | $ 0 | $ 30,300 |
Less: accumulated depreciation | 0 | 0 |
Property and equipment, net | $ 0 | $ 30,300 |
PROPERTY & EQUIPMENT (Details N
PROPERTY & EQUIPMENT (Details Narrative) | 9 Months Ended |
Jul. 31, 2023 USD ($) | |
Property, Plant and Equipment [Abstract] | |
Recognized impairment | $ 30,300 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | Jun. 01, 2023 | Mar. 24, 2020 | Jan. 24, 2020 | Jul. 28, 2017 | May 16, 2017 | Mar. 27, 2017 | Feb. 23, 2017 | Jul. 31, 2023 | Sep. 09, 2015 |
Note Payable 1 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 20,000 | ||||||||
Interest rate | 10% | 5% | |||||||
Accrued interest | $ 14,651 | ||||||||
Note Payable 2 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 17,500 | ||||||||
Interest rate | 8% | ||||||||
Accrued interest | 11,671 | ||||||||
Debt issuance date | Feb. 23, 2017 | ||||||||
Note Payable 3 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 12,465 | ||||||||
Interest rate | 8% | ||||||||
Accrued interest | 7,794 | ||||||||
Debt issuance date | Mar. 27, 2017 | ||||||||
Note Payable 4 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 4,500 | ||||||||
Interest rate | 8% | ||||||||
Accrued interest | 2,738 | ||||||||
Debt issuance date | May 16, 2017 | ||||||||
Note Payable 5 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 20,000 | ||||||||
Interest rate | 8% | ||||||||
Accrued interest | 11,508 | ||||||||
Debt issuance date | Jul. 28, 2017 | ||||||||
Note Payable 6 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 15,000 | ||||||||
Interest rate | 10% | ||||||||
Accrued interest | 1,155 | ||||||||
Debt issuance date | Jan. 24, 2020 | ||||||||
Debt Instrument, Maturity Date | Apr. 30, 2020 | ||||||||
Note payable balance | 0 | ||||||||
Note Payable 7 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 20,000 | ||||||||
Accrued interest | 4,975 | ||||||||
Debt issuance date | Mar. 24, 2020 | ||||||||
Debt Instrument, Maturity Date | May 30, 2020 | ||||||||
Note payable balance | 5,000 | ||||||||
Note Payable 9 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Note payable balance | $ 24,656 | ||||||||
Note Payable 8 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt face amount | $ 40,675 | ||||||||
Interest rate | 5% | ||||||||
Debt issuance date | Jun. 01, 2023 | ||||||||
Debt Instrument, Maturity Date | Jun. 01, 2024 |
LOANS PAYABLE (Details Narrativ
LOANS PAYABLE (Details Narrative) - USD ($) | 9 Months Ended | |
Jul. 31, 2023 | Oct. 31, 2022 | |
Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Long-Term Line of Credit | $ 539,675 | $ 693,799 |
Interest Payable | $ 50,236 | |
Line of Credit Facility, Interest Rate During Period | 9.50% | |
SBA Loan [Member] | ||
Debt Instrument [Line Items] | ||
Debt maturity date | Mar. 13, 2026 | |
Loans payable | $ 589,092 | $ 595,092 |
Debt stated interest rate | 10.25% |
CONVERTIBLE NOTE PAYABLE (Detai
CONVERTIBLE NOTE PAYABLE (Details - Convertible note activity) - USD ($) | 9 Months Ended | |||
Feb. 03, 2023 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2022 | |
Debt Instrument [Line Items] | ||||
Proceeds from Convertible Debt | $ 55,000 | $ 73,500 | ||
Quick Capital LLC [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt issuance date | Oct. 21, 2022 | |||
Debt Instrument, Maturity Date | Mar. 21, 2023 | |||
Debt Instrument, Interest Rate, Effective Percentage | 12% | |||
Convertible Debt, Beginning | $ 93,818 | |||
Proceeds from Convertible Debt | $ 20,000 | 0 | ||
Repayments of Convertible Debt | (93,818) | |||
Convertible Debt, Ending | $ 0 | |||
Debt Instrument, Unamortized Discount | $ (5,556) | |||
Diagonal Lending 1800 Note 1 [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt issuance date | Sep. 07, 2022 | |||
Debt Instrument, Maturity Date | Sep. 07, 2023 | |||
Debt Instrument, Interest Rate, Effective Percentage | 12% | |||
Convertible Debt, Beginning | $ 44,250 | |||
Proceeds from Convertible Debt | 0 | |||
Repayments of Convertible Debt | (44,250) | |||
Convertible Debt, Ending | $ 0 | |||
Diagonal Lending 1800 Note 2 [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt issuance date | Dec. 08, 2022 | |||
Debt Instrument, Maturity Date | Dec. 08, 2023 | |||
Debt Instrument, Interest Rate, Effective Percentage | 12% | |||
Convertible Debt, Beginning | $ 0 | |||
Proceeds from Convertible Debt | 39,250 | |||
Repayments of Convertible Debt | (5,050) | |||
Convertible Debt, Ending | $ 34,200 | |||
Quick Capital L L C 2 [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt issuance date | Feb. 03, 2023 | |||
Debt Instrument, Maturity Date | Feb. 03, 2024 | |||
Debt Instrument, Interest Rate, Effective Percentage | 12% | |||
Convertible Debt, Beginning | $ 0 | |||
Proceeds from Convertible Debt | 25,556 | |||
Repayments of Convertible Debt | 0 | |||
Convertible Debt, Ending | 25,556 | |||
Convertible Debt 2022 [Member] | ||||
Debt Instrument [Line Items] | ||||
Convertible Debt, Beginning | 138,068 | |||
Proceeds from Convertible Debt | 64,806 | |||
Repayments of Convertible Debt | (143,118) | |||
Convertible Debt, Ending | 59,756 | |||
Debt Instrument, Unamortized Discount | (29,132) | $ (123,813) | ||
Convertible Debt, Current | $ 30,624 | $ 14,255 |
CONVERTIBLE NOTE PAYABLE (Det_2
CONVERTIBLE NOTE PAYABLE (Details - Derivative liability activity) - USD ($) | 9 Months Ended | 12 Months Ended |
Jul. 31, 2023 | Oct. 31, 2022 | |
Debt Disclosure [Abstract] | ||
Beginning balance | $ 247,034 | $ 0 |
Increase to derivative due to new issuances | 93,496 | 320,704 |
Decrease to derivative due to conversions | (182,612) | |
Decrease to derivative due to repayments | 0 | |
Derivative gain due to mark to market adjustment | (74,564) | (73,670) |
Ending balance | $ 83,354 | $ 247,034 |
CONVERTIBLE NOTE PAYABLE (Det_3
CONVERTIBLE NOTE PAYABLE (Details - Fair value of derivative liabilities) | 9 Months Ended |
Jul. 31, 2023 | |
Measurement Input, Share Price [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 0.0012 |
Measurement Input, Share Price [Member] | Initial Valuation [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 0.01 - 0.038 |
Measurement Input, Conversion Price [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 0.0006 – 0.0007 |
Measurement Input, Conversion Price [Member] | Initial Valuation [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 0.0025 - 0.0069 |
Measurement Input, Price Volatility [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 230.13% – 240.75% |
Measurement Input, Price Volatility [Member] | Initial Valuation [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 222.7% - 326.59% |
Measurement Input, Risk Free Interest Rate [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 5.53 |
Measurement Input, Risk Free Interest Rate [Member] | Initial Valuation [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 3.6% - 4.79 |
Measurement Input, Expected Dividend Rate [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | |
Measurement Input, Expected Dividend Rate [Member] | Initial Valuation [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | |
Measurement Input, Expected Term [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 0.36 – 0.51 |
Measurement Input, Expected Term [Member] | Initial Valuation [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Derivatives, Determination of Fair Value | 0.41 - 1 |
CONVERTIBLE NOTE PAYABLE (Det_4
CONVERTIBLE NOTE PAYABLE (Details Narrative) - USD ($) | 9 Months Ended | |||||
Feb. 03, 2023 | Dec. 08, 2022 | Sep. 07, 2022 | Mar. 02, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Debt Instrument [Line Items] | ||||||
Proceeds from convertible notes payable | $ 55,000 | $ 73,500 | ||||
Quick Capital LLC [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 87,222 | |||||
Proceeds from convertible notes payable | $ 73,500 | |||||
Interest rate | 12% | 12% | ||||
Debt discount | $ 13,722 | |||||
Debt converted, shares issued | 84,358,767 | |||||
Quick Capital LLC [Member] | Principal Amount [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt converted, amount converted | $ 93,818 | |||||
Quick Capital LLC [Member] | Interest Amount [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt converted, amount converted | $ 5,457 | |||||
1800 Diagonal Lending [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 44,250 | |||||
Proceeds from convertible notes payable | 40,000 | |||||
Debt discount | 4,250 | |||||
Debt converted, shares issued | 43,165,536 | |||||
Payments of Stock Issuance Costs | $ 4,250 | |||||
1800 Diagonal Lending [Member] | Principal Amount [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt converted, amount converted | $ 44,250 | |||||
1800 Diagonal Lending [Member] | Interest Amount [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt converted, amount converted | $ 2,655 | |||||
1800 Diagonal Lending [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 39,250 | |||||
Proceeds from convertible notes payable | $ 35,000 | |||||
Interest rate | 12% | |||||
Debt discount | $ 4,250 | |||||
Debt converted, shares issued | 10,019,841 | |||||
Payments of Stock Issuance Costs | $ 4,250 | |||||
1800 Diagonal Lending [Member] | Principal Amount [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt converted, amount converted | $ 5,050 | |||||
Quick Capital LLC [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 25,556 | |||||
Proceeds from convertible notes payable | 20,000 | $ 0 | ||||
Debt discount | 5,556 | |||||
Payments of Stock Issuance Costs | $ 5,556 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Jan. 14, 2023 | Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2022 | |
Related Party Transaction [Line Items] | ||||||
Officer compensation | $ 60,000 | $ 15,000 | $ 142,500 | $ 48,000 | ||
Accrued compensation | $ 86,000 | 86,000 | $ 41,000 | |||
Non-cash compensation | 97,500 | 0 | ||||
Robert Bohorad [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Officer compensation | $ 0 | $ 18,000 | ||||
Shares granted | 30,000,000 | |||||
Stock price | $ 0.006 | |||||
Non-cash compensation | $ 180,000 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 9 Months Ended | |||
Jan. 14, 2023 | Jul. 31, 2023 | Jul. 31, 2022 | Oct. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Interest payable | $ 126,815 | $ 49,447 | ||
Non-cash compensation | 97,500 | $ 0 | ||
Charles Green [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Shares granted | 30,000,000 | |||
Stock price | $ 0.006 | |||
Non-cash compensation | $ 180,000 | |||
Quick Capital LLC [Member] | Common Stock [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Conversion amount | 93,818 | |||
Interest payable | $ 5,152 | |||
Conversion shares | 84,358,767 | |||
Diagonal Lending 1800 Note [Member] | Common Stock [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Conversion amount | $ 49,300 | |||
Interest payable | $ 2,655 | |||
Conversion shares | 53,185,377 |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - USD ($) | Jul. 31, 2023 | Oct. 31, 2022 |
Class of Stock [Line Items] | ||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock issued, shares | 5,000,000 | 5,000,000 |
Series A Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Preferred stock, shares authorized | 10,000,000 | |
Preferred stock, par value | $ 0.0001 | |
Preferred stock to be issued | $ 392,022 | |
Convertible preferred stock, par value | $ 0.0004 | |
Series A Preferred Stock [Member] | Chief Executive Officer [Member] | ||
Class of Stock [Line Items] | ||
Preferred stock issued, shares | 5,000,000 |