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Item 7. Management’s Discussion and Analysis

2025-02-27 compared with 2024-04-16 · 37 added, 41 removed, 10 unchanged (89% of the section changed)

1 unchanged sentence

information and financial data discussed below is derived from our financial statements for the fiscal years ended November 30, 2024,

2023, and 2022.

The financial statements of the Company were prepared and presented in accordance with generally accepted accounting

principles in the United States.

The information and financial data discussed below is only a summary and was prepared to provide a

historical and narrative discussion of our financial condition and results of operations through the eyes of management and should

be read in conjunction with the historical financial statements and related notes of the Company contained elsewhere in this Form

The financial statements contained elsewhere in this Form 10-K fully represent the Company’s financial condition and

however, they are not indicative of the Company’s future performance.

This discussion contains forward-looking

statements based upon current plans, expectations and beliefs that involve risks and uncertainties.

Our actual results and the

timing of certain events could differ materially from those anticipated in or implied by these forward-looking statements as a

result of several factors, including those discussed in the section captioned “Risk Factors” included under Part I, Item

1A and elsewhere in this Form 10-K.

The financial statements of the Company were prepared and presented in accordance with generally accepted accounting principles

in the United States.

The information and financial data discussed below is only a summary and was prepared to provide a historical and

narrative discussion of our financial condition and results of operations through the eyes of management and should be read in conjunction

with the historical financial statements and related notes of the Company contained elsewhere in this Form 10-K.

The financial statements

contained elsewhere in this Form 10-K fully represent the Company’s financial condition and operations;

however, they are not indicative

of the Company’s future performance.

This discussion contains forward-looking statements based upon current plans, expectations

and beliefs that involve risks and uncertainties.

Our actual results and the timing of certain events could differ materially from those

anticipated in or implied by these forward-looking statements because of several factors, including those discussed in the section captioned

“Risk Factors” included under Part I, Item 1A and elsewhere in this Form 10-K.

of Operations for the fiscal years ended November 30, 2024 and 2023:

the fiscal years ended November 30, 2023 and 2022 we generated total revenue of $3,400 and $1,000,

respectively.

the fiscal year ended November 30, 2023, operating expenses were $1,982,836, compared to $67,442 for the year ended November 30,

Operating expenses consist primarily of general and administrative expenses and legal and professional fees incurred in

connection with the operation of our business.

The net increase of $1,915,394 in operating expenses was primarily a result of an

increase in professional fees to implement the change in business as noted in Part I, Item 1 earlier in this document.

Our net loss for the fiscal years

ended November 30, 2023 and 2022 was $1,990,162 and $66,442, respectively.

the fiscal years ended November 30, 2024 and 2023 we generated total revenue of $0 and $3,400, respectively.

the fiscal year ended November 30, 2024, operating expenses were $3,795,121, compared to $1,982,836 for the fiscal year ended November

Operating expenses consist primarily of general and administrative expenses and legal and professional fees incurred in connection

with the operation of our business.

The net increase of $1,812,285 in operating expenses was primarily a result of an increase in professional

fees to implement the change in business as noted in Part I, Item 1 earlier in this document, an increase in marketing and investor relations

net loss for the fiscal years ended November 30, 2024 and 2023 was $3,887,261 and $1,990,162, respectively.

The increase in net loss

is because of the increase in operating expenses, discussed above, and an increase in interest expense.

and Capital Resources and Cash Requirements

As of November 30, 2023, the

Company had cash of $48,197 and $114 as of November 30, 2022.

Furthermore, the Company had a working capital deficit of

$1,974,353 and $108,369 as of November 30, 2023 and 2022, respectively.

During the fiscal year ended November

30, 2023, the Company used $1,611,258 of cash in operating activities compared to $13,010 of cash in operating activities during the year

ended November 30, 2022.

The increase in cash used in operating activities were the result of increased general and administrative expenses

and legal and professional fees.

During the fiscal year ended

November 30, 2023, the Company had no cash flows from investing activities.

During the fiscal year ended November 30, 2022, the

Company used $21,370 cash flows in investing activities related to website development.

During the fiscal year ended

November 30, 2023, the Company generated $1,659,341 cash in financing activities which came from related-party loan of $608,319, a

convertible note of $250,000 and proceeds from sale of common stock of

of the fiscal year ended November 30, 2024, the Company had cash of $80,281 and $48,197 as of the fiscal year ended November 30, 2023.

Furthermore, the Company had a working capital deficit of $2,532,472 and $1,038,946 as of the fiscal years ended November 30, 2024 and

2023, respectively.

The increase in the working deficit is because of an increase in unpaid accounts payable and accounts payable-related

the fiscal year ended November 30, 2024, the Company used $2,098,661 of cash in operating activities compared to $1,611,258 of cash in

operating activities during the fiscal year ended November 30, 2023.

The increase in cash used in operating activities was the result

of an increase in net loss, offset by an increase in accounts payable and accounts payable-related party.

the fiscal years ended November 30, 2024 and 2023, the Company had no cash flows from investing activities

the fiscal year ended November 30, 2024, the Company generated $2,130,745 cash in financing activities which came from a net decrease

in the related-party loan of $563,950 and proceeds from sale of common stock of $2,396,735 offset by repurchase of common stock of $5,000

and a promissory note for $302,960.

During the fiscal year ended November 30, 2023, the Company generated $1,659,341 of cash in financing

activities which came from a related-party loan of $608,319, a convertible note for $250,000 and proceeds from sale of common stock of

$1,236,022 offset by repurchase of common stock of $435,000.

During the fiscal year ended November 30, 2022, the Company generated $34,380 of cash in financing activities which

came from a related-party loan.

BALANCE SHEET ARRANGEMENTS

4 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-K

Item 7. Management’s Discussion and Analysis