COMMON STOCK

12 Months Ended

Oct. 31, 2021

Equity [Abstract]

COMMON STOCK

11. COMMON STOCK

During the fiscal year ended October 31, 2020, the Company sold 950,000 shares of common stock to ten investors for total proceeds of $143,500. The stock was issued between $0.10 and $0.20 per share. The Company issued 150,000 shares of common stock to one individual for services valued at $27,000. The stock was issued at $0.18 per share. We believe that Section 4(2) of the Securities Act of 1933, as amended, was available because these transactions did not involve a public offering and there was no general solicitation or general advertising involved in these transactions. We placed legends on the stock certificates stating that the securities were not registered under the Securities Act and set for the restrictions on their transferability and sale.

During the fiscal year ended October 31, 2021, the Company sold 1,334,000 shares of common stock to thirty-five investors for total proceeds of $333,500. The stock was issued at $.25 per share. The Company issued 770,000 shares of common stock to twelve individuals for services valued at $131,000. The stock was issued between $0.12 and $.25 per share. We believe that Section 4(2) of the Securities Act of 1933, as amended, was available because these transactions did not involve a public offering and there was no general solicitation or general advertising involved in these transactions. We placed legends on the stock certificates stating that the securities were not registered under the Securities Act and set for the restrictions on their transferability and sale.