Ankam (ANKM) 10-Q 12 Jul 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	May 31, 2024	Jul. 12, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
DocumentQuarterlyReport	true
DocumentTransitionReport	false
DocumentPeriodEndDate	May 31, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--11-30
File Number	333-255392
Registrant Name	ANKAM, INC.
Entity Central Index Key	0001781629
TaxIdentificationNumber	61-1900749
Incorporation State	NV
Address Line1	5348 Vegas Drive
Address City	Las Vegas
Address State	NV
Address Postal Zip Code	89108
area code	361
phone	2325001
CurrentReportingStatus	Yes
InteractiveDataCurrent	No
FilerCategory	Non-accelerated Filer
SmallBusiness	true
Emerging Growth Company	true
extended transition period	false
ShellCompany	false
CommonStockSharesOutstanding		4,327,996

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	May 31, 2024	Nov. 30, 2023
CURRENT ASSETS:
Cash	$ 1,069	$ 286
Accounts receivable		21,390
Prepaid expenses	46,846	15,847
Right-of-use asset, net	23,564	48,643
Total current assets	71,479	86,166
Capitalized software costs, net	130,866	22,157
TOTAL ASSETS	202,345	108,323
CURRENT LIABILITIES:
Accounts payable and accrued expenses	268,040	84,000
Deferred revenue	17,005	12,700
Related party loan	427,343	292,026
Lease liability	5,801	44,900
Total current liabilities	718,189	433,626
Total liabilities	$ 718,189	$ 433,626
STOCKHOLDERS’ DEFICIT:
Common stock: $0.001 par value, 75,000,000 shares authorized, 4,327,996 shares issued and outstanding	$ 4,328	$ 4,328
Additional paid in capital	$ 31,262	$ 31,262
Accumulated deficit	(551,434)	(360,893)
Total stockholders’ deficit	(515,844)	(325,303)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 202,345	$ 108,323

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	May 31, 2024	Nov. 30, 2023
Statement of Financial Position [Abstract]
CommonStockStatedValue	$ 0.001	$ 0.001
CommonStockSharesAuthorized	75,000,000	75,000,000
CommonStockSharesIssued	4,327,996	4,327,996
CommonStockSharesOutstanding	4,327,996	4,327,996

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Income Statement [Abstract]
REVENUE	$ 15,385	$ 10,598	$ 25,145	$ 13,698
General and administrative expenses	88	82	26,822	167
Director fee	24,000	18,000	46,000	36,000
Professional fees	5,057	5,516	30,378	20,333
Server expense	44,898	44,898	89,796	89,796
Amortization	13,170	6,978	22,691	13,955
Total expenses	87,213	75,474	215,687	160,251
LOSS FROM OPERATIONS	(71,828)	(64,876)	(190,542)	(146,553)
Gain on sale of asset
Loss before income taxes	(71,828)	(64,876)	(190,542)	(146,553)
Provision for income taxes
NET LOSS	$ (71,828)	$ (64,876)	$ (190,542)	$ (146,553)
Net loss per common share - basic	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.03)
Weighted average number of common shares outstanding - basic and diluted	4,327,996	4,327,996	4,327,996	4,327,996

Statements of Changes in Stockh

Statements of Changes in Stockholders Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, shares				4,327,996
Beginning balance, value at Nov. 30, 2022	$ 4,328	$ 31,262	$ (81,736)	$ (46,146)
Net loss			(81,677)	(81,677)
Ending balance, value at Feb. 28, 2023	4,328	31,262	(163,413)	(127,823)
Beginning balance, value at Nov. 30, 2022	4,328	31,262	(81,736)	(46,146)
Net loss				(146,553)
Ending balance, value at May. 31, 2023	4,328	31,262	(228,289)	$ (192,699)
Balance, shares				4,327,996
Beginning balance, value at Feb. 28, 2023	4,328	31,262	(163,413)	$ (127,823)
Net loss			(64,876)	(64,876)
Ending balance, value at May. 31, 2023	4,328	31,262	(228,289)	$ (192,699)
Balance, shares				4,327,996
Balance, shares				4,327,996
Beginning balance, value at Nov. 30, 2023	4,328	31,262	(360,893)	$ (325,303)
Beginning balance, value at Nov. 30, 2023				(325,303)
Net loss			(118,713)	(118,713)
Ending balance, value at Feb. 29, 2024	4,328	31,262	(479,606)	(444,016)
Beginning balance, value at Nov. 30, 2023	4,328	31,262	(360,893)	(325,303)
Beginning balance, value at Nov. 30, 2023				(325,303)
Net loss				(190,542)
Ending balance, value at May. 31, 2024	4,328	31,262	(551,434)	$ (515,844)
Balance, shares				4,327,996
Beginning balance, value at Feb. 29, 2024	4,328	31,262	(479,606)	$ (444,016)
Net loss			(71,828)	(71,828)
Ending balance, value at May. 31, 2024	$ 4,328	$ 31,262	$ (551,434)	$ (515,844)
Balance, shares				4,327,996

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	May 31, 2024	May 31, 2023
Cash Flows from Operating Activities:
Net loss	$ (190,542)	$ (146,553)
Amortization expense	22,691	13,955
Accounts receivable	21,390	4,800
Prepaid expenses	(30,997)	(10,000)
Right-of-use asset/liability, net	(14,021)	17,596
Accounts payable and accrued expenses	184,040	(37,899)
Deferred revenue	4,305	80
Net cash used in operating activities	(3,134)	(158,021)
Cash Flow from Investing Activities:
Capitalized Software Costs	(131,400)
Net cash provided by (used in) investing activities	(131,400)
Cash Flows from Financing Activities:
Related party activity, net	135,317	159,700
Net cash provided by financing activities	135,317	159,700
NET CHANGE IN CASH	783	1,679
CASH AT BEGINNING OF THE PERIOD	286	2,277
CASH AT THE END OF THE PERIOD	1,069	3,956
Cash paid for interest
Cash paid for income taxes
Operating lease liability and right of use asset	$ 23,564	$ 23,564

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Ankam, Inc. (the “Company”) was incorporated in August 2018 under the laws of the State of Nevada. The Company’s business lies in possessing and developing Expense Minder, a proprietary product designed to streamline and manage expense reporting for users. The Company is constructing an application that facilitates a user’s expense management. On November 29, 2023, Ankam, Inc. entered into a material definitive agreement by establishing a wholly-owned subsidiary, Ankam LLC. Ankam LLC was organized in Wyoming and is authorized to engage in any legal act. On November 30, 2023, the Company completed the transfer of all operations associated with the business of MoneySaverApp to its wholly-owned subsidiary, Ankam LLC. The assets transferred included 100% of the ownership interests of MoneySaverApp and all operations associated with the MoneySaverApp. Ankam LLC is managed by Ankam, Inc. who holds the position of Manager of the Ankam LLC and owned in its entirety by the Company. The Company holds 100% ownership interest in the Ankam LLC and is duly authorized to oversee and execute its operational activities. On January 3, 2024, Ankam, Inc. entered into the Acquisition Agreement for the acquisition of complete ownership of Apex Intelligence LLC, a Wyoming limited liability company, inclusive of the Apex, a currency converter service, along with all codes, licenses, intellectual property rights, related documentation and all activities related to the business of the Apex, for total consideration of $158,040. The initial payment of $20,000 was processed to Mr. Hordieiev on January 3, 2024. For the outstanding balance of $138,040 the Company issued a Promissory Note on January 3, 2024 with an annual interest rate of 10% for a duration of one year till January 3, 2025 (the “Closing Date”) with the obligation to issue common shares equivalent to the remaining balance if the Company fails to settle the outstanding balance by the Closing Date. The Company signed a Supplement to the Convertible Promissory Note dated January 9, 2024, establishing the conversion price at a per-share value of $0.60.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. Therefore, these financial statements should be read in conjunction with the Company’s audited financial statements and notes filed with the Securities and Exchange Commission (the “SEC”) for the year ended November 30, 2023. 10 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited) Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the six months ended May 31, 2024 and 2023. Basis of Consolidation The consolidated financial statements comprise the accounts of the Company and its wholly-owned subsidiary. The financial statements of its subsidiary is included in the consolidated financial statements from the date that control commences until the date that control ceases. Consolidated financial statements are prepared using uniform accounting policies for like transactions and other events in similar circumstances. All transactions and balances between the Company and its subsidiaries are eliminated on consolidation. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Revenue Recognition The Company offers a newsletter subscription, which contains the most significant news in the cryptocurrency market. In most cases identified articles show price changes, experts’ opinions, technical information that can be used to understand the market and make decisions in this area. The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customer" Step 1: Identify the contract with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation The Company recognizes revenue when the customer obtains control of the good or service through the Company satisfying a performance obligation by transferring the promised good or service to the customer. The revenue is recognized on a straight-line basis from the date the subscription is sold. The Company collects payment from customers before the service is provided. When deposits are collected before the service is provided, the Company recognizes deferred revenue. 11 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited) Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and generally do not bear interest. An allowance for doubtful accounts is established, as necessary, based on past experience and other factors which, in management's judgment, deserve current recognition in estimating bad debts. Such factors include growth and composition of accounts receivable, the relationship of the allowance for doubtful accounts to accounts receivable, and current economic conditions. As of May 31, 2024 and November 30, 2023, an allowance for doubtful accounts was not considered necessary as all accounts receivable were deemed collectible. Capitalized Software Costs The Company capitalizes the application development phase costs of internal use software in accordance with Accounting Standards Codification (“ASC”) 350-40, “ Intangibles-Goodwill and Other-Internal Use Software Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets”. Use of Estimates The preparation of financial statements in conformity with GAAP 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Earnings (Loss) Per Share The Company reports earnings (loss) per share in accordance with ASC 260, “Earnings per Share” 12 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets 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 income in the period that includes the enactment date. A valuation allowance on deferred tax assets is established when management considers it is more likely than not that some portion or all of the deferred tax assets will not be realized. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense. The Company has not recognized any tax benefits from uncertain tax positions for any of the reporting periods presented. Lease ASC 842, "Leases", ASC 842 distinguishes leases as either a finance lease or an operating lease that affects how the leases are measured and presented in the statements of operations and cash flows. At the inception of a contract the Company assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether it has the right to direct the use of the asset. The Company will allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. As permitted under the new guidance, the Company has made an accounting policy election to apply the recognition provisions of the guidance to short term leases (leases with a lease term of twelve months). Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company. 13 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited)

GOING CONCERN

GOING CONCERN	6 Months Ended
	May 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN The accompanying consolidated financial statements have been prepared in conformity with GAAP, which contemplates continuation of the Company as a going concern. As a development-stage company, the Company had limited revenues and incurred losses as of as of May 31, 2024. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

RIGHT-OF-USE ASSET

RIGHT-OF-USE ASSET	6 Months Ended
	May 31, 2024
Leases [Abstract]
RIGHT-OF-USE ASSET	NOTE 4 – RIGHT-OF-USE ASSET Operating lease right of use assets and liabilities are recognized at the present value of future lease payments at the lease commencement date. The interest rate used to determine the present value is the incremental borrowing rate, estimated to be 10%, as the interest rate implicit on the lease is not readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term. The Company entered into a lease in November 2022 for a period of one year to rent servers on which the web-version of the crypto wallet is actually running and on which the web wallet and app code are being developed. The monthly rental amount is $14,966. The Company entered into a new lease in October 2023, to commence on November 11, 2023, for a period of one year. The monthly rental amount is $4,473. On November 11, 2023, the Company recorded a right of use asset and lease liability of $51,052. During the six months ended May 31, 2024 and the year ended November 30, 2023, the Company recorded $89,796 and $53,144 as server rental expenses. Right-of-use assets May 31, 2024 November 30, 2023 Server rental $ 51,052 $ 51,052 Less: accumulated amortization (27,488) (2,409) Right-of-use, net $ 23,564 $ 48,643 Operating lease liabilities May 31, 2024 November 30, 2023 Server rental $ 5,801 $ 44,900 Less: current portion 5,801 44,900 Long term portion $ - $ - 14 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited)

PROJECT IN PROGRESS

PROJECT IN PROGRESS	6 Months Ended
	May 31, 2024
Project In Progress
PROJECT IN PROGRESS	NOTE 5 – PROJECT IN PROGRESS During the fiscal year 2022, the Company was developing and implementing a cryptocurrency wallet project. The initial estimated cost of the project was $255,800, of which $77,000 had been completed and capitalized as of November 30, 2022, as shown in Note 6. The Company has divested the cryptocurrency wallet in October 2023 due to unforeseen higher costs and resource demands than initially anticipated. The cryptocurrency wallet was sold for $241,390 in October 2023. The gain on the sale of the wallet was $18,890. T The Company is developing the MoneySaver App. The estimated cost of the project is $2 6,645

CAPITALIZED SOFTWARE COSTS

CAPITALIZED SOFTWARE COSTS - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2024	Nov. 30, 2023
Leases [Abstract]
CAPITALIZED SOFTWARE COSTS	NOTE 6 – CAPITALIZED SOFTWARE COSTS Useful Life As of May 31, 2024 As of November 30, 2023 API development 3 years $ 58,920 $ - MoneySaver App 3 years 26,645 26,645 Website development 3 years 72,480 - Total capitalized software 158,045 26,645 Accumulated amortization (27,179) (4,488) Balance $ 130,866 $ 22,157 During the three months ended May 31, 2024 and 2023, the amortization expense was $13,170 and $6,978, respectively. During the six months ended May 31, 2024 and 2023, the amortization expense was $22,691 and $13,955, respectively.
CAPITALIZED SOFTWARE	$ 130,866	$ 22,157

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	May 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS The Company owed its sole director $ 427,343 292,026 15 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	May 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with Financial Accounting Standards Board (“FASB”) ASC 450-20-50, “Contingencies”

INCOME TAXES

INCOME TAXES	6 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
INCOME TAXES	NOTE 9 – INCOME TAXES The components of the Company’s provision for federal income tax for the six months May 31, 2024 November 30, 2023 Federal income tax benefit attributable to: Current operations $ 551,434 $ 360,893 Less: valuation allowance (551,434) (360,893) Net provision for federal income taxes $ - $ - The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount May 31, 2024 November 30, 2023 Deferred tax asset attributable to: Net operating loss carryover $ 115,801 $ 75,787 Less: valuation allowance (115,801) (75,787) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $551,434 as of May 31, 2024, for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS In accordance with ASC 855-10, “Subsequent Events”, the Company has analyzed its operations subsequent to May 31, 2024, through the date when financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the six months ended May 31, 2024 and 2023.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements comprise the accounts of the Company and its wholly-owned subsidiary. The financial statements of its subsidiary is included in the consolidated financial statements from the date that control commences until the date that control ceases. Consolidated financial statements are prepared using uniform accounting policies for like transactions and other events in similar circumstances. All transactions and balances between the Company and its subsidiaries are eliminated on consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Revenue Recognition	Revenue Recognition The Company offers a newsletter subscription, which contains the most significant news in the cryptocurrency market. In most cases identified articles show price changes, experts’ opinions, technical information that can be used to understand the market and make decisions in this area. The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customer" Step 1: Identify the contract with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation The Company recognizes revenue when the customer obtains control of the good or service through the Company satisfying a performance obligation by transferring the promised good or service to the customer. The revenue is recognized on a straight-line basis from the date the subscription is sold. The Company collects payment from customers before the service is provided. When deposits are collected before the service is provided, the Company recognizes deferred revenue. 11 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited)
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and generally do not bear interest. An allowance for doubtful accounts is established, as necessary, based on past experience and other factors which, in management's judgment, deserve current recognition in estimating bad debts. Such factors include growth and composition of accounts receivable, the relationship of the allowance for doubtful accounts to accounts receivable, and current economic conditions. As of May 31, 2024 and November 30, 2023, an allowance for doubtful accounts was not considered necessary as all accounts receivable were deemed collectible.
Capitalized Software Costs	Capitalized Software Costs The Company capitalizes the application development phase costs of internal use software in accordance with Accounting Standards Codification (“ASC”) 350-40, “ Intangibles-Goodwill and Other-Internal Use Software
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 asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets”.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company reports earnings (loss) per share in accordance with ASC 260, “Earnings per Share” 12 ANKAM, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of May 31, 2024 (Unaudited)
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets 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 income in the period that includes the enactment date. A valuation allowance on deferred tax assets is established when management considers it is more likely than not that some portion or all of the deferred tax assets will not be realized. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense. The Company has not recognized any tax benefits from uncertain tax positions for any of the reporting periods presented.
Lease	Lease ASC 842, "Leases", ASC 842 distinguishes leases as either a finance lease or an operating lease that affects how the leases are measured and presented in the statements of operations and cash flows. At the inception of a contract the Company assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether it has the right to direct the use of the asset. The Company will allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. As permitted under the new guidance, the Company has made an accounting policy election to apply the recognition provisions of the guidance to short term leases (leases with a lease term of twelve months).
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company.

RIGHT-OF-USE ASSET (Tables)

RIGHT-OF-USE ASSET (Tables)	6 Months Ended
	May 31, 2024
Leases [Abstract]
Right-of-use assets	Right-of-use assets May 31, 2024 November 30, 2023 Server rental $ 51,052 $ 51,052 Less: accumulated amortization (27,488) (2,409) Right-of-use, net $ 23,564 $ 48,643
Operating lease liabilities	Operating lease liabilities May 31, 2024 November 30, 2023 Server rental $ 5,801 $ 44,900 Less: current portion 5,801 44,900 Long term portion $ - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	May 31, 2024
Accounting Policies [Abstract]
federal income tax for the six months	The components of the Company’s provision for federal income tax for the six months May 31, 2024 November 30, 2023 Federal income tax benefit attributable to: Current operations $ 551,434 $ 360,893 Less: valuation allowance (551,434) (360,893) Net provision for federal income taxes $ - $ -
net deferred tax amount	The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount May 31, 2024 November 30, 2023 Deferred tax asset attributable to: Net operating loss carryover $ 115,801 $ 75,787 Less: valuation allowance (115,801) (75,787) Net deferred tax asset $ - $ -

Right-of-use assets (Details)

Right-of-use assets (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Leases [Abstract]
Less: accumulated amortization	$ 13,170	$ 6,978	$ 22,691	$ 13,955

Operating lease liabilities (De

Operating lease liabilities (Details) - USD ($)	May 31, 2024	Nov. 30, 2023
Leases [Abstract]
Server rental	$ 5,801	$ 44,900
Less: current portion	$ 5,801	$ 44,900

PROJECT IN PROGRESS (Details Na

PROJECT IN PROGRESS (Details Narrative)	May 31, 2024 USD ($)
Project In Progress
project	$ 6,645

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2024	Nov. 30, 2023
Related Party Transactions [Abstract]
The Company owed	$ 427,343	$ 292,026

federal income tax for the six

federal income tax for the six months (Details) - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2024	Nov. 30, 2023
Accounting Policies [Abstract]
Current operations	$ 551,434	$ 360,893
Less: valuation allowance	(551,434)	(360,893)
Net provision for federal income taxes

net deferred tax amount (Detail

net deferred tax amount (Details) - USD ($)	May 31, 2024	Nov. 30, 2023
Accounting Policies [Abstract]
Net operating loss carryover	$ 115,801	$ 75,787
Less: valuation allowance	(115,801)	(75,787)
Net deferred tax asset