What changed in this filing

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Item 2. Management’s Discussion and Analysis

2023-10-10 compared with 2023-07-21 · 32 added, 36 removed, 54 unchanged (56% of the section changed)

33 unchanged sentences

Issued Accounting Pronouncements

the period ended May 31, 2023, and through July 21, 2023, there were several new accounting pronouncements issued by the Financial Accounting

Standards Board (“FASB”).

Each of these pronouncements, as applicable, has been or will be adopted by the Company.

does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s

financial statements.

the period ended August 31, 2023, and through the filing of this report, there were several new accounting pronouncements issued by the

Financial Accounting Standards Board (“FASB”).

Each of these pronouncements, as applicable, has been or will be adopted by

Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact

on the Company’s financial statements.

other new accounting pronouncements issued but not yet effective or adopted have been deemed not to be relevant to us, hence are not

4 unchanged sentences

and Capital Resources

May 31, 2023, the Company had a cash balance of $308,225, as compared to a cash balance of $114 at November 30, 2022.

The Company incurred

negative cash flow from operations of $234,717 for the period ended May 31, 2023, as compared to negative cash flow from operations of

$1,619 in the comparable prior year period.

The increase in negative cash flow from operations was primarily the result of increased

travel and professional fees during the current period as the Company shifted its focus and prepared to ramp up operations.

from financing activities during the period ended May 31, 2023, totaled $542,828 and were the result of $977,828 in proceeds from the

issuance of stock and $435,000 in payments for the purchase of treasury shares.

Going forward, the Company expects capital expenditures

to increase significantly as operations are expanded pursuant to its current growth plans.

The Company anticipates the requirement to

raise significant debt or equity capital in order to fund future operations.

August 31, 2023, the Company had a cash balance of $44,914, as compared to a cash balance of $114 at November 30, 2022.

incurred negative cash flow from operations of $954,702 for the period ended August 31, 2023, as compared to negative cash flow from

operations of $10,510 in the comparable prior year period.

The increase in negative cash flows from operations was primarily from

increased travel and professional fees during the current period as the Company shifted its focus and prepared to ramp up

Cash flows from investing activities during the periods ending August 31, 2023 and 2022 were zero and $6,310,

respectively.

Cash flows from financing activities during the periods ended August 31, 2023 and 2022 totaled $999,501 and $16,880, respectively.

The increase was the

result of $1,234,501in proceeds from the issuance of stock, $435,000 in payments for the purchase of treasury shares and increase in related party loan of $183,120.

forward, the Company expects capital expenditures to increase significantly as operations are expanded pursuant to its current

growth plans.

The Company anticipates the requirement to raise significant debt or equity capital in order to fund future

of Operations

of the Three Months Ended May 31, 2023 and 2022

the three months ended May 31, 2023 and 2022, the Company’s revenues totaled $0, respectively.

of the Three Months Ended August 31, 2023 and 2022

the three months ended August 31, 2023 and 2022, the Company’s revenues totaled $0, respectively.

We anticipate the Company’s

revenues in upcoming quarters may increase significantly as management attempts to implement the Company’s new business model.

the three months ended May 31, 2023, our operating expenses increased to $444,073 compared to $12,770 for the comparable period in 2022.

The increase of $431,304, or 3,377%, was primarily driven by travel and professional fees associated with the shift in strategic focus

the three months ended August 31, 2023, our operating expenses increased to $1,446,398 compared to $23,364 for the comparable period

The increase of $1,423,034 was primarily driven by travel and professional fees associated with the shift in strategic focus

and preparations for increased operations.

1 unchanged sentence

in increased expenses related to compensation and professional fees.

the three months ended May 31, 2023, other expenses totaled $95,066, compared to $0 in the comparable period in 2022.

This increase in

other expenses was primarily driven by impairment expenses in the current period.

We anticipate our other expenses may increase as the

Company could incur financing costs related to the expansion of its operations.

of the Six Months Ended May 31, 2023 and 2022

the six months ended May 31, 2023 and 2022, the Company’s revenues totaled $0 and $3,400, respectively.

of the Nine Months Ended August 31, 2023 and 2022

the nine months ended August 31, 2023 and 2022, the Company’s revenues totaled $3,400 and $0, respectively.

We anticipate the Company’s

revenues in upcoming quarters may increase significantly as management attempts to implement the Company’s new business model.

the six months ended May 31, 2023, our operating expenses increased to $475,465 compared to $24,271 for the comparable period in 2022.

The increase of $451,194, or 1,859%, was primarily driven by travel and professional fees associated with the shift in strategic focus

and preparations for increased operations.

the nine months ended August 31, 2023, our operating expenses increased to $1,921,863 compared to $47,635 for the comparable period in

The increase of $1,874,228 was primarily driven by travel and professional fees associated with the shift in strategic focus and

preparations for increased operations.

We anticipate future operating expenses to increase with the expansion of operations, resulting

in increased expenses related to compensation and professional fees.

the six months ended May 31, 2023, other expenses totaled $95,066, compared to $0 in the comparable period in 2022.

This increase in

other expenses was primarily driven by impairment expenses in the current period.

We anticipate our other expenses may increase as the

Company could incur financing costs related to the expansion of its operations.

the nine months ended August 31, 2023, other expenses totaled $95,066, compared to $0 in the comparable period in 2022.

This increase

in other expenses was primarily driven by impairment expenses in the current period.

We anticipate our other expenses may increase as

the Company could incur financing costs related to the expansion of its operations.

Balance Sheet Arrangements

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Management’s Discussion and Analysis