Freedom Internet (FIGI) 10-Q 16 Mar 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 31, 2021	Mar. 16, 2021
Details
Registrant CIK	0001791325
Fiscal Year End	--10-31
Registrant Name	Freedom Internet Group Inc.
SEC Form	10-Q
Period End date	Jan. 31, 2021
Tax Identification Number (TIN)	66-0910894
Number of common stock shares outstanding		11,132,208
Filer Category	Non-accelerated Filer
Current with reporting	No
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	true
Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56149
Entity Incorporation, State or Country Code	PR
Entity Address, Address Line One	151 Calle San Francisco
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	San Juan
Entity Address, Country	PR
Entity Address, Postal Zip Code	00901
Entity Address, Address Description	Address of principal executive offices
City Area Code	855
Local Phone Number	422-4200
Phone Fax Number Description	Registrant’s telephone number, including area code
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jan. 31, 2021	Oct. 31, 2020
ASSETS
Royalty interests, net of accumulated amortization of $56,667 and $44,500, respectively	$ 674,009	$ 686,175
Total assets	1,666,181	1,737,962
Cash and cash equivalents	979,505	1,035,120
Prepaid expenses	12,667	16,667
Total Current Assets	992,172	1,051,787
Current Liabilities
Accounts payable and accrued liabilities	2,990	26,474
Total current liabilities	2,990	26,474
Stockholders' Equity
Preferred stock	0	0
Common stock	92,304	92,304
Common stock subscribed	19,017	19,017
Additional paid in capital	2,240,447	2,240,447
Accumulated deficit	(699,877)	(651,580)
Total Stockholders' Equity	1,651,891	1,700,188
Total Liabilities and Stockholders' Equity	1,666,181	1,737,962
Non-current Liabilities
Notes payable	11,300	11,300
Total Liabilities	$ 14,290	$ 37,774

Consolidated Balance Sheets - P

Consolidated Balance Sheets - Parenthetical - USD ($)	Jan. 31, 2021	Oct. 31, 2020
Details
Royalty Interests, Accumulated Amortization	$ 56,667	$ 44,500
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	9,230,400	9,230,400
Common Stock, Shares, Outstanding	9,230,400	9,230,400

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Revenues
Royalties	$ 24,484	$ 0
Operating Expenses
Advertising	6,086	1,880
Professional and consulting	28,629	94,720
Salaries and payroll taxes	19,937	17,442
Rent expense	75	225
Amortization of royalty interests	12,167	13,791
Other expenses	6,278	2,471
Total Operating Expenses	73,172	130,530
Loss from operations	(48,688)	(130,530)
Other Income (Expense)
Interest expense	0	(48)
Interest income	179	3,900
Other	212	388
Total other income (expense)	391	4,240
Net Loss	$ (48,297)	$ (126,290)
Net loss per common share - basic and diluted	$ (0.01)	$ (0.01)
Weighted average shares outstanding - basic	9,230,400	9,230,400
Weighted average shares outstanding - diluted	9,230,400	9,230,400

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Deficit - USD ($)	Preferred Stock	Common Stock	Common Stock Subscribed	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Oct. 31, 2019	$ 0	$ 92,304	$ 0	$ (61,536)	$ (167,700)	$ (136,932)
Shares, Outstanding, Beginning Balance at Oct. 31, 2019	0	9,230,400
Net Loss	$ 0	$ 0	0	0	(126,290)	(126,290)
Stockholders' Equity Attributable to Parent, Ending Balance at Jan. 31, 2020	$ 0	$ 92,304	0	(61,536)	(293,990)	(263,222)
Shares, Outstanding, Ending Balance at Jan. 31, 2020	0	9,230,400
Stockholders' Equity Attributable to Parent, Beginning Balance at Oct. 31, 2020	$ 0	$ 92,304	19,017	2,240,447	(651,580)	1,700,188
Shares, Outstanding, Beginning Balance at Oct. 31, 2020	0	9,230,400
Net Loss	$ 0	$ 0	0	0	(48,297)	(48,297)
Stockholders' Equity Attributable to Parent, Ending Balance at Jan. 31, 2021	$ 0	$ 92,304	$ 19,017	$ 2,240,447	$ (699,877)	$ 1,651,891
Shares, Outstanding, Ending Balance at Jan. 31, 2021	0	9,230,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Cash flows from operating activities:
Net Loss	$ (48,297)	$ (126,290)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of royalty interests	12,167	13,791
Increase (Decrease) in Prepaid Expense	4,000	5,000
Increase (Decrease) in Accounts Payable and Accrued Liabilities	(23,485)	(1,698)
Net cash used in operating activities	(55,615)	(109,197)
Cash flows from investing activities
Purchase of royalty interest	0	(250,000)
Net cash used in investing activities	0	(250,000)
Net change in cash and cash equivalents	(55,615)	(359,197)
Cash and cash equivalents, at beginning of period	1,035,120	1,179,497
Cash and cash equivalents, at end of period	979,505	820,300
Supplemental cash flow information:
Interest paid	48	0
Income taxes paid	$ 0	$ 0

NOTE 1 - ORGANIZATION AND DESCR

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Jan. 31, 2021
Notes
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS On November 15, 2018, (commencement of operations) Freedom Internet Group Inc. (the “Company”) was organized in Puerto Rico to provide Internet-focused entrepreneurs with business consulting services, centralized management services and revenue-based financing. The Company is engaged in the business of acquiring, holding and managing royalty interests derived from Internet based businesses, referred to as operators. Royalty interests are passive (non-operating) agreements that provide the Company with contractual rights to revenue produced from operators.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2021
Notes
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information under Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the Company’s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-months ended January 31, 2021, are not necessarily indicative of the results for the full year. While management of the Company believes that the disclosures presented herein is adequate and not misleading, these interim financial statements should be read in conjunction with the audited financial statements and the footnotes thereto for the period ended October 31, 2020. The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America, and, as such, include amounts based on judgments, estimates, and assumptions made by management that affect the reported amounts of assets and liabilities and 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. As of January 31, 2021, the Company was still in the process of developing its accounting policies and procedures. Following is a description of the more significant accounting policies followed by the Company: Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Royalty Interests The Company has a total of $730,675 invested in royalty interests. Royalty interests are passive (non-operating) agreements that provide us with contractual rights to a percentage of revenue produced from companies we provide funds to. The Company amortizes the cost of royalty interests over the estimated life of the cash flows produced by the agreement, which is initially estimated at 15 years. Royalty interests are considered a long-lived asset that is required to be reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. The Company evaluates its royalty agreements at subsequent reporting periods to determine if a change in the underlying agreement or cash flows warrants a change in the estimate. Impairment exists for the royalty interests if the carrying amount exceeds the estimates of future net undiscounted cash flows expected to be generated by such assets. An impairment charge is required to be recognized if the carrying amount of the asset, or asset group, exceeds its fair value. Revenue Recognition The Company recognizes revenue under royalty interest agreements when earned and collection is reasonably assured. The Company recognized revenue from royalty interest agreements under ASC 606-10-55-65 which apply to sales-based or Usage-Based royalties. Guidance under this section stipulates that revenue recognition should be based when the later of the following events occur: (1) the subsequent sales occur or (2) the performance obligation to which some or all for the sales-based royalty has been allocated has been satisfied or partially satisfied. The Company deems collection efforts to be the key performance obligation being satisfied, and therefore has adopted the approach of recognizing revenue based on customer collections. The operators that are parties to the royalty agreements, are typically structured to report and pay percentages of revenue earned over quarterly or monthly periods, some of which do not line up with the quarterly reporting period of the Company. 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 is established for deferred tax assets that, based on management ’ Tax benefits of uncertain tax positions are recorded only where the position is “more likely than not” to be sustained based on their technical merits. The amount recognized is the amount that represents the largest amount of tax benefit that is greater than 50% likely of being ultimately realized. A liability is recognized for any benefit claimed or expected to be claimed, in a tax return in excess of the benefit recorded in the financial statements, along with any interest and penalty (if applicable) in such excess. The Company has no uncertain tax positions as of January 31, 2021.

3. ROYALTY INTERESTS

3. ROYALTY INTERESTS	3 Months Ended
	Jan. 31, 2021
Notes
3. ROYALTY INTERESTS	3. ROYALTY INTERESTS Wiz Motions, LLC On October 10, 2019, the Company acquired a royalty interest from Wiz Motions, LLC (“Wiz”), a limited liability company formed in the State of Wyoming. Wiz provides their clients with custom video animation explainer videos. The Company purchased a royalty interest from Wiz for $300,000 which provides it with a perpetual 10% of all future gross sales generated by Wiz through www.WizMotions.com and all other sources. The company recognizes revenue from Wiz Motions monthly. The Company recognized $11,984 and $0 in revenue during the three months ended January 31, 2021 and 2020, respectively. Growth Stack, Inc. On November 22, 2019, the Company acquired a royalty interest from Growth Stack, Inc. (“Growth Stack”), a corporation formed in the State of Nevada. Growth Stack provides their clients with various Internet applications, website tools and information services. The Company purchased a royalty interest from Growth Stack for $250,000, which provides us with a percentage of all future Net Sales (defined below) as follows: 5% of the first $100,000 of Net Sales per month, and 3% of the next $100,000 of Net Sales per month. The Company will also receive 1% of the Net Sales in excess of $200,000 per month, until it receives a total of $500,000 in aggregate royalty payments from Growth Stack. The Company is also entitled to a payment of between $500,000 and $1 million in the event (i) Growth Stack elects to buy-out the royalty interest or (ii) Growth Stack undergoes a change of control. In addition, the Company has the right of first refusal to acquire Growth Stack assets in the event the operator decides to sell, and we have received a personal guarantee for royalty payments due by the principal shareholder of Growth Stack. Royalty payments are due monthly. The Company recognized $12,500 and $0, respectively, during the three months ended January 31, 2021 and 2020. Pick A Toilet LLC On April 1, 2020, the Company acquired a royalty interest from Pick A Toilet, LLC (“Pick A Toilet”), a limited liability company formed in Wyoming. Pick A Toilet provides their clients with advertising and reviews related to the toilet industry. The Company purchased a royalty interest from Pick A Toilet for $180,000, which provides the Company a royalty based on 26% of the net sales from the revenues of the websites. At the end of each quarter, the Company will receive the results from the Operator and subsequently invoice the operator for its share of revenue. Estimated payments of 5% of the value of the $180,000 paid for the royalty interest are due no later than the 5th day of the month following the calendar quarter. The estimates are then compared to the actual and trued up on the Company’s invoice. The Company recognized no revenue from Pick A Toilet for the three months ended January 31, 2021. The Company recorded total amortization expense related to the original royalty agreement purchases of $12,167 and $13,792 for the three -month periods ended January 31, 2021 and 2020.

4. NOTE PAYABLE

4. NOTE PAYABLE	3 Months Ended
	Jan. 31, 2021
Notes
4. NOTE PAYABLE	4. NOTE PAYABLE On July 1, 2020 and September 21, 2020, the Company closed on two loans for $7,400 and $3,900 (the “PPP loans”) from a commercial bank, pursuant to the Paycheck Protection Program (“PPP”) administered by the Small Business Administration (the “SBA”) pursuant to the CARES Act. The PPP loans mature on June 30, 2025 and August 31, 2025, and bears an interest rate of 1% per annum. Payments of principal and interest of any unforgiven balance commence on December 1, 2020. Under the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”), (i) the first payment date for the PPP loan will be the earlier of (a) 10 months after the end of the “covered period” (as determined under the PPP) or (b) the date the bank receives a remittance of the forgiven amount from the SBA, and (ii) the PPP loan’s maturity is extended to five years (from 2 years). All or a portion of the PPP loan may be forgiven by the lender upon application by the Company beginning 60 days after the loan approval and upon documentation of expenditures in accordance with the requirements set forth by the SBA pursuant to the CARES Act. Under the CARES Act, loan forgiveness is available for the sum of documented payroll costs, covered rent payments, covered mortgage interest and covered utilities during either, at the Company’s election, the eight-week period or twenty-four-week period beginning on the date of disbursement of proceeds from the PPP loan. For purposes of the CARES Act, payroll costs exclude compensation of an individual employee in excess of $100,000 prorated annually. Not more than 40% of the forgiven amount may be for non-payroll costs. Forgiveness is reduced, under certain circumstances, if full-time headcount declines, or if salaries and wages for employees with salaries of $100,000 or less annually are reduced. In the event the PPP loan, or any portion thereof, are forgiven pursuant to the PPP, the amount forgiven is applied to outstanding principal. The balance of the loans at January 31, 2021 is $11,300. FIGI has applied for forgiveness of the PPP loan.

5. STOCK PURCHASE WARRANTS

5. STOCK PURCHASE WARRANTS	3 Months Ended
	Jan. 31, 2021
Notes
5. STOCK PURCHASE WARRANTS	5 . STOCK PURCHASE WARRANTS In July through September 2020, the Company issued warrants in connection with the sales of stock subscriptions as referenced above. At January 31, 2021, warrants outstanding are as follows: Warrant Shares Weighted Average Exercise Price Balance at October 31, 2020 254,511 $2.67 Granted - - Forfeit or cancelled - - Exercised - - Balance at January 31, 2021 254,511 $2.67 Warrant shares and the related weighted average exercise price have been modified retrospectively to present total shares and exercise price as affected by the three-for-one Stock Split, on November 2, 2020. See Note 6 for details. The fair value of the warrants on the date of issue was $19,857 and was determined using the Black-Scholes option pricing model with the following assumptions: Expected Life 1.27 - 1.42 years Volatility 28% * Dividend Yield 0% ** Risk Free Interest Rate 0.11% - 0.14% *** *The volatility rate is based on the average volatility rate of comparable publicly traded companies **The Company has no history or expectation of paying cash dividends on its common stock ***The risk-free interest rate is based on the U.S Treasury yield for a term consistent with the expected life of the awards in effect at the time of grant.

6. STOCK DIVIDEND

6. STOCK DIVIDEND	3 Months Ended
	Jan. 31, 2021
Notes
6. STOCK DIVIDEND	6. STOCK DIVIDEND On November 2, 2020, our Board of Directors effectuated a three-for-one stock split of our common stock in the form of a stock dividend (the “Stock Split”), so that each stockholder of record as of the close of business on November 2, 2020 received two (2) additional shares of common stock for each share of common stock held by such stockholder. This resulted in 6,153,600 additional shares of common stock being issued to the current shareholders and 1,267,872 shares set aside for the common stock subscribed for the private placement and the SAFE instrument conversions. After the stock dividend, the company will have 11,132,208 outstanding. No effect on the par value of the shares occurred and remains at $0.01. All current and prior period amounts related to shares outstanding, price per share and earnings per share in the Company’s financial statements and accompanying notes have been restated to give retroactive presentation related to the stock split.

7. COMMITMENTS AND CONTINGENCIE

7. COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jan. 31, 2021
Notes
7. COMMITMENTS AND CONTINGENCIES	7 . COMMITMENTS AND CONTINGENCIES In March 2020, the World Health Organization declared the outbreak of a novel coronavirus disease (“COVID-19”) as a pandemic, which continues to spread throughout the U.S. COVID-19 is having an unprecedented impact on the U.S economy as federal, state, and local governments react to this public health crisis. The impacts of the current COVID-19 pandemic are broad reaching and the impacts on the Company’s licensing royalty interests is to date unknown. Due to the COVID-19 outbreak, there is significant uncertainty surrounding the potential impact on the Company’s future results of operations and cash flows and its ability to raise capital. Continued impacts of the pandemic could materially adversely affect the Company’s near-term and long-term revenues, earnings, liquidity, and cash flows as the Company’s customers and /or licensees may request temporary relief, delay or not make scheduled payments on their royalty commitments.

8. SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS	3 Months Ended
	Jan. 31, 2021
Notes
8. SUBSEQUENT EVENTS	8 . SUBSEQUENT EVENTS Artist Holdings, LLC On February 16, 2021, we acquired a royalty interest from Artist Holdings, LLC, a limited liability company formed in the State of Arizona. Artist Holdings provides their clients tools and tutorials on creating their art and platforms to buy art pieces from artists. We purchased a royalty interest from Artist Holdings for $50,000, which provides us with a perpetual 12.5% of all future net sales generated by Artist Holdings through its websites, training programs, and art brokerage. We have received a personal guarantee for royalty payments due by the principal shareholder of Artist Holdings. RhymeMakers, LLC On February 19, 2021, we acquired a royalty interest from RhymeMakers, LLC, a limited liability company formed in the State of Wyoming. RhymeMakers provides their clients tools and tutorials on how to rap. We purchased a royalty interest from RhymeMakers for $75,000, which provides us with a perpetual 15% of all net sales generated by RhymeMakers through the website www.rhymemakers.com, thinkific, YouTube and all other sources. Royalties payments are due quarterly. We have received a personal guarantee for royalty payments due by the principal shareholder of RhymeMakers.

NOTE 2 - SUMMARY OF SIGNIFICA_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: BASIS OF PRESENTATION (Policies)	3 Months Ended
	Jan. 31, 2021
Policies
BASIS OF PRESENTATION	BASIS OF PRESENTATION The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information under Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the Company’s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-months ended January 31, 2021, are not necessarily indicative of the results for the full year. While management of the Company believes that the disclosures presented herein is adequate and not misleading, these interim financial statements should be read in conjunction with the audited financial statements and the footnotes thereto for the period ended October 31, 2020. The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America, and, as such, include amounts based on judgments, estimates, and assumptions made by management that affect the reported amounts of assets and liabilities and 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. As of January 31, 2021, the Company was still in the process of developing its accounting policies and procedures. Following is a description of the more significant accounting policies followed by the Company:

NOTE 2 - SUMMARY OF SIGNIFICA_3

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	3 Months Ended
	Jan. 31, 2021
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

NOTE 2 - SUMMARY OF SIGNIFICA_4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Royalty Interests (Policies)	3 Months Ended
	Jan. 31, 2021
Policies
Royalty Interests	Royalty Interests The Company has a total of $730,675 invested in royalty interests. Royalty interests are passive (non-operating) agreements that provide us with contractual rights to a percentage of revenue produced from companies we provide funds to. The Company amortizes the cost of royalty interests over the estimated life of the cash flows produced by the agreement, which is initially estimated at 15 years. Royalty interests are considered a long-lived asset that is required to be reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. The Company evaluates its royalty agreements at subsequent reporting periods to determine if a change in the underlying agreement or cash flows warrants a change in the estimate. Impairment exists for the royalty interests if the carrying amount exceeds the estimates of future net undiscounted cash flows expected to be generated by such assets. An impairment charge is required to be recognized if the carrying amount of the asset, or asset group, exceeds its fair value.

NOTE 2 - SUMMARY OF SIGNIFICA_5

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	3 Months Ended
	Jan. 31, 2021
Policies
Revenue Recognition	Revenue Recognition The Company recognizes revenue under royalty interest agreements when earned and collection is reasonably assured. The Company recognized revenue from royalty interest agreements under ASC 606-10-55-65 which apply to sales-based or Usage-Based royalties. Guidance under this section stipulates that revenue recognition should be based when the later of the following events occur: (1) the subsequent sales occur or (2) the performance obligation to which some or all for the sales-based royalty has been allocated has been satisfied or partially satisfied. The Company deems collection efforts to be the key performance obligation being satisfied, and therefore has adopted the approach of recognizing revenue based on customer collections. The operators that are parties to the royalty agreements, are typically structured to report and pay percentages of revenue earned over quarterly or monthly periods, some of which do not line up with the quarterly reporting period of the Company.

NOTE 2 - SUMMARY OF SIGNIFICA_6

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	3 Months Ended
	Jan. 31, 2021
Policies
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 is established for deferred tax assets that, based on management ’ Tax benefits of uncertain tax positions are recorded only where the position is “more likely than not” to be sustained based on their technical merits. The amount recognized is the amount that represents the largest amount of tax benefit that is greater than 50% likely of being ultimately realized. A liability is recognized for any benefit claimed or expected to be claimed, in a tax return in excess of the benefit recorded in the financial statements, along with any interest and penalty (if applicable) in such excess. The Company has no uncertain tax positions as of January 31, 2021.

5. STOCK PURCHASE WARRANTS_ Sch

5. STOCK PURCHASE WARRANTS: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	3 Months Ended
	Jan. 31, 2021
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights	Warrant Shares Weighted Average Exercise Price Balance at October 31, 2020 254,511 $2.67 Granted - - Forfeit or cancelled - - Exercised - - Balance at January 31, 2021 254,511 $2.67

5. STOCK PURCHASE WARRANTS_ S_2

5. STOCK PURCHASE WARRANTS: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables)	3 Months Ended
	Jan. 31, 2021
Tables/Schedules
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Expected Life 1.27 - 1.42 years Volatility 28% * Dividend Yield 0% ** Risk Free Interest Rate 0.11% - 0.14% ***

NOTE 1 - ORGANIZATION AND DES_2

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details)	3 Months Ended
	Jan. 31, 2021
Details
Entity Incorporation, Date of Incorporation	Nov. 15, 2018

NOTE 2 - SUMMARY OF SIGNIFICA_7

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Royalty Interests (Details)	Jan. 31, 2021USD ($)
Details
Advance Royalties, Noncurrent	$ 730,675

3. ROYALTY INTERESTS (Details)

3. ROYALTY INTERESTS (Details) - USD ($)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Royalties	$ 24,484	$ 0
Wiz Motions, LLC
Payments for Royalties	300,000
Royalties	11,984	0
Growth Stack, Inc.
Payments for Royalties	250,000
Royalties	12,500	0
Pick A Toilet LLC
Payments for Royalties	180,000
Royalties	$ 12,167	$ 13,792

4. NOTE PAYABLE (Details)

4. NOTE PAYABLE (Details) - USD ($)	Sep. 21, 2020	Jul. 01, 2020	Jan. 31, 2021	Oct. 31, 2020
Notes payable			$ 11,300	$ 11,300
PPP Loan 1
Proceeds from Loans	$ 3,900	$ 7,400
Debt Instrument, Maturity Date			Jun. 30, 2025
Debt Instrument, Interest Rate During Period			1.00%

5. STOCK PURCHASE WARRANTS_ S_3

5. STOCK PURCHASE WARRANTS: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - Warrant - $ / shares	Jan. 31, 2021	Oct. 31, 2020
Shares, Outstanding	254,511	254,511
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 2.67	$ 2.67

5. STOCK PURCHASE WARRANTS_ S_4

5. STOCK PURCHASE WARRANTS: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - Warrant	3 Months Ended
	Jan. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	28.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	1 year 3 months 7 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.11%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	1 year 5 months 1 day
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.14%

6. STOCK DIVIDEND (Details)

6. STOCK DIVIDEND (Details)	Nov. 02, 2020shares
Stockholders' Equity Note, Stock Split	On November 2, 2020, our Board of Directors effectuated a three-for-one stock split of our common stock in the form of a stock dividend (the “Stock Split”), so that each stockholder of record as of the close of business on November 2, 2020 received two (2) additional shares of common stock for each share of common stock held by such stockholder.
Stock Issued During Period, Shares, Stock Splits	6,153,600
Common Stock Subscribed
Stock Issued During Period, Shares, Stock Splits	1,267,872

8. SUBSEQUENT EVENTS (Details)

8. SUBSEQUENT EVENTS (Details)	3 Months Ended
	Jan. 31, 2021
Subsequent Event #1
Subsequent Event, Description	On February 16, 2021, we acquired a royalty interest from Artist Holdings, LLC, a limited liability company formed in the State of Arizona. Artist Holdings provides their clients tools and tutorials on creating their art and platforms to buy art pieces from artists. We purchased a royalty interest from Artist Holdings for $50,000, which provides us with a perpetual 12.5% of all future net sales generated by Artist Holdings through its websites, training programs, and art brokerage. We have received a personal guarantee for royalty payments due by the principal shareholder of Artist Holdings.
Subsequent Event #2
Subsequent Event, Description	On February 19, 2021, we acquired a royalty interest from RhymeMakers, LLC, a limited liability company formed in the State of Wyoming. RhymeMakers provides their clients tools and tutorials on how to rap. We purchased a royalty interest from RhymeMakers for $75,000, which provides us with a perpetual 15% of all net sales generated by RhymeMakers through the website www.rhymemakers.com, thinkific, YouTube and all other sources. Royalties payments are due quarterly. We have received a personal guarantee for royalty payments due by the principal shareholder of RhymeMakers