10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

First Amendment

(Mark One)

☒   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended August 31, 2018

OR

☐      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission File Number 333-169128

DANIELS CORPORATE ADVISORY COMPANY, INC.

(Exact name of Registrant as specified in its charter)

Nevada	04-3667624
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification Number)
Parker Towers, 104-60, Queens Boulevard 12th Floor Forest Hills, New York 11375	11375
(Address of principal executive offices)	(Zip Code)

(347) 242-3148

(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No   ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of "large accelerated filer, "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer  ☐	Accelerated filer  ☐
Non-accelerated filer    ☐	Smaller reporting company   ☒
Emerging growth company   ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended period of complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes   ☐ No ☒

As of October 22, 2018, the registrant had 4,225,451,502 shares of common stock outstanding. 

Explanatory Note

We are filing this amendment on Form 10 Q/A to amend our Quarterly Report ( "Amended Report" ) for the three months ending August 31, 2018, originally filed with the Securities & Exchange Commission on October 25, 2018, (the original report) to amend our consolidated financial statements.

This amended report has not been updated for events occurring after the filing of the original report nor does it change any other disclosures contained in the original report. Accordingly, the Amended Report should be read in conjunction with the Original Report.

In accordance with applicable SEC Rules, this Form 10 Q/A includes new certifications required by Section 302 of the Sarbanes-Oxley Act of 2002 as amended, for our newly appointed Chief Executive and Chief Financial Officers, dated October 24, 2019 10 Q as of the filing date of this Form 10 Q/A.

The Section 302 Certifications were inadvertently not filed in the original document.

Daniels Corporate Advisory Company, Inc.

INDEX TO FORM 10-Q

		Page
PART I.	FINANCIAL INFORMATION
Item 1.	Condensed Consolidated Financial Statements:
	Condensed Consolidated Balance Sheets at August 31, 2018, and November 30, 2017 (Unaudited)	3
	Condensed Consolidated Statements of Operations and Comprehensive Loss and for the Three and Nine Months Ended August 31, 2018 and 2017 (Unaudited)	4
	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended August 31, 2018 and 2017 (unaudited)	5
	Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Conditionand Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	16
Item 4.	Controls and Procedures	16
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	18
Item 1A.	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 6.	Exhibits	18
SIGNATURES		19

2

DANIELS CORPORATE ADVISORY COMPANY, INC.

Consolidated Balance Sheets

(Unaudited)

	August 31,			November 30,
	2018			2017
ASSETS
Current assets:
Cash and cash equivalents	$	60,586		$	(3	)
Accounts receivable		5,000			—
Inventory		238,430			—
Total current assets		304,016			(3	)
Total assets	$	304,016		$	(3	)
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable and accrued liabilities	$	468,268		$	249,014
Derivative liabilities		234,595			362,091
Notes payable, related party		685,000			685,000
Notes payable, net of loan discounts		272,716			241,737
Total current liabilities		1,660,579			1,537,842
Related party payables		80,200			10,200
Total liabilities		1,740,779			1,548,042
Commitments and contingencies		—			—
Stockholders' Deficit:
Preferred stock, $0.001 par value. 100,000 shares authorized; 100,000 shares issued and outstanding as of August 31, 2018 and November 30, 2017, respectively		100			100
Common stock, $0.001 par value. 6,000,000,000 shares authorized; 4,225,451,502 and 3,513,247,802 shares issued and outstanding as of August 31, 2018 and November 30, 2017, respectively		4,225,452			3,513,248
Additional paid-in capital		2,478,093			3,172,491
Accumulated deficit		(8,076,059	)		(8,169,535	)
Accumulated other comprehensive loss		(64,349	)		(64,349	)
Total stockholders' deficit		(1,436,763	)		(1,548,045	)
Total liabilities and stockholders' deficit	$	304,016		$	(3	)

The accompanying notes are an integral part of these financial statements.

3

DANIELS CORPORATE ADVISORY COMPANY, INC.

Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

	Three Months Ended August 31,			Three Months Ended August 31,			Nine Months Ended August 31,			Nine Months Ended August 31,
	2018			2017			2018			2017
Sales	$	983,321		$	—		$	983,321		$	—
Cost of goods sold		853,263			—			853,263			—
Gross margin		130,058			—			130,058			—
Operating expenses		92,037			31,496			142,037			120,025
Income (loss) from operations		38,021			(31,496	)		(11,979	)		(120,025	)
Other income (expense)
Derivative expense		—			—			(63,960	)		(101,849	)
Gain (loss) on derivative liabilities		228,896			(93,666	)		191,457			18,483
Gain (loss) on retirement of debt		—			—			—			22,000
Interest income (expense), net		(9,278	)		(20,101	)		(22,042	)		(60,302	)
Total other income (expense)		219,618			(113,767	)		105,455			(121,668	)
Income (loss) before income taxes		257,639			(145,263	)		93,476			(241,693	)
Provision for income taxes (benefit)		—			—			—			—
Net income (loss) before discontinued operations		257,639			(145,263	)		93,476			(241,693	)
Net income (loss) from discontinued operations		—			—			—			—
Net income (loss)		257,639			(145,263	)		93,476			(241,693	)
Basic and diluted earnings (loss) per common share	$	0.00		$	(0.00	)	$	0.00		$	(0.00	)
Weighted-average number of common shares outstanding:
Basic and diluted		4,225,451,502			3,513,247,802			4,046,395,863			3,338,826,847
Comprehensive loss:
Net income (loss)	$	257,639		$	(145,263	)	$	93,476		$	(241,693	)
Unrealized gain (loss)		—			—			—			(3,660	)
Comprehensive income (loss)	$	257,639		$	(145,263	)	$	93,476		$	(245,353	)

The accompanying notes are an integral part of these financial statements.

4

DANIELS CORPORATE ADVISORY COMPANY, INC.

Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months Ended August 31,			Nine Months Ended August 31,
	2018			2017
Cash flows from operating activities of continuing operations:
Net income (loss)	$	93,476		$	(241,693	)
Adjustments to reconcile net loss to cash used in operating activities:
Amortization of debt discount		—			40,962
Derivative expense		63,960			101,849
(Gain) loss on derivative liabilities		(191,457	)		(18,483	)
(Gain) loss on retirement of debt		—			(22,000	)
Changes in operating assets and liabilities:
Accounts receivable		(5,000	)		—
Inventory		(238,430	)		—
Accounts payable and accrued liabilities		232,040			92,338
Net cash provided by (used in) operating activities		(45,411	)		(47,027	)
Cash flows from investing activities:
Net cash provided by (used in) financing activities		—			—
Cash flows from financing activities:
Proceeds from related parties		70,000			—
Proceeds from issuance of convertible debentures		36,000			47,051
Net cash provided by (used in) financing activities		106,000			47,051
Net increase (decrease) in cash and cash equivalents		60,589			24
Cash and cash equivalents at beginning of period		(3	)		33
Cash and cash equivalents at end of period	$	60,586		$	57
Supplemental disclosure of cash flow information:
Cash paid for interest	$	—		$	—
Cash paid for income taxes	$	—		$	—
Supplemental disclosure of non-cash investing and financing activities:
Beneficial conversion features and original issuance discounts on convertible debentures	$	—		$	54,617
Common stock issued to reduce convertible and promissory notes payable	$	17,806		$	19,264
Unrealized gain (loss) on securities	$	—		$	(3,440	)

The accompanying notes are an integral part of these financial statements.

5

DANIELS CORPORATE ADVISORY COMPANY, INC.

Notes to Unaudited Financial Statements

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

Daniels Corporate Advisory Company, Inc. (“Daniels” or the Company) was incorporated in the State of Nevada on May 2, 2002. The Company creates and implements corporate strategy alternatives for mini-cap public and private companies. 

The Company formed Payless Truckers, Inc. (“Payless”), a wholly-owned subsidiary which was incorporated in the State of Nevada, on April 11, 2018. Payless is a start-up trucking company whose principal business is to acquire, refurbish, add location electronics, advertise and sell commercial vehicles to drivers and transportation focused customers.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation:

We have prepared the accompanying consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America. We believe these consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of our consolidated financial position and consolidated results of operations for the periods presented. Such rules and regulations allow us to condense and omit certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America.  We believe these condensed consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of our consolidated financial position and consolidated results of operations for the periods presented.

Principles of Consolidation:

The accompanying unaudited consolidated financial statements include the accounts of the Company and all its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Election to be treated as an emerging growth company:

For the five-year period starting in the first quarter of 2012, Daniels if continuing eligibility applies has elected to use the extended transition period now available for complying with new or revised accounting standards under Section 102(b) (1).  This election allows Daniels to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.  As a result of the Company still being eligible, the Daniels financial statements may not be comparable to companies that comply with public company effective dates.

6

FASB Codification:

  In June 2009, the FASB issued ASC 105, Generally Accepted Accounting Principles, ("Codification") effective for interim and annual reporting periods ending after September 15, 2009. This statement establishes the Codification as the source of authoritative accounting principles used in the preparation of financial statements in conformity with generally accepted accounting principles. The Codification does not replace or affect guidance issued by the SEC or its staff. As a result of the Codification, the references to authoritative accounting pronouncements included herein in this Annual Report now refer to the Codification topic section rather than a specific accounting rule as was past practice.

Use of Estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Risk and Uncertainties:

Our future results of operations and financial condition will be impacted by the following factors, among others: our lack of capital resources, dependence on third-party management to operate the companies in which we invest and dependence on the successful development and marketing of any new products in new and existing markets. Generally, we are unable to predict the future status of these areas of risk and uncertainty. However, negative trends or conditions in these areas could have an adverse effect on our business.

Cash and Cash Equivalents:

For financial statement presentation purposes, short-term, highly liquid investments with original maturities of three months or less are considered to be cash equivalents. The Company maintains its cash accounts at several financial institutions, which at times may exceed the insurable FDIC limit, but management believes that there is little risk of loss.

Accounts receivable:

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance.

Inventory:

Inventory consists of well maintained, commercial freight vehicles primarily acquired at auction. Inventory is valued at the lower of cost (first in, first out) or replacement value. An allowance for potential non-saleable inventory due to movement, current conditions or obsolescence is based upon a review of inventory quantities, past history and expected future usage. The Company believes that no write-down for slow moving or obsolete inventory is necessary as of August 31, 2018.

Fair Value of Financial Instruments:

In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities.  The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 " Fair Value Measurements and Disclosures " (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

● Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

● Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability; either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

● Level 3—Inputs that are both significant to the fair value measurement and unobservable.

7

The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.  These financial instruments include investments in available-for-sale securities and accounts payable and accrued expenses.    The Company has also applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company's financial statements.

Comprehensive Income:

ASC Topic 220 (SFAS No. 130) establishes standards for reporting comprehensive income and its components. Comprehensive income is defined as the change in equity during a period from transactions and other events from non-owner sources.  Per the consolidated financial statements, the Company has purchased available-for-sale securities that are subject to this reporting.

Other-Than-Temporary Impairment:

All of our non-marketable and other investments are subject to a periodic impairment review. Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary.

When events or changes in circumstances indicate that long-lived assets other than goodwill may be impaired, an evaluation is performed to determine if a write-down to fair value is required. When an asset is classified as held for sale, the asset's book value is evaluated and adjusted to the lower of its carrying amount or fair value less cost to sell. In addition, depreciation and amortization ceases while it is classified as held for sale.

The indicators that we use to identify those events and circumstances include:

● the investee's revenue and earnings trends relative to predefined milestones and overall business prospects;

● the general market conditions in the investee's industry or geographic area, including regulatory or economic changes;

● factors related to the investee's ability to remain in business, such as the investee's liquidity, debt ratios, and the rate at which the investee is using its cash; and

● the investee's receipt of additional funding at a lower valuation. If an investee obtains additional funding at a valuation lower than our carrying amount or a new round of equity funding is required for the investee to remain in business, and the new round of equity does not appear imminent, it is presumed that the investment is other than temporarily impaired, unless specific facts and circumstances indicate otherwise.

8

Revenue and Cost Recognition:

We recognize revenue when we satisfy performance obligations by the transfer of control of products or services to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. We recognize revenue from product sales to customers when we satisfy our performance obligation, at a point in time, upon product shipment or delivery to our customer as determined by agreed upon shipping terms. Shipping charges billed to customers are included in product sales and the related shipping costs are included in operating expenses.

We recognize corporate financial consulting service revenue over a period of time as the performance obligation is satisfied over a period of time rather than a point in time. Contracts have specifications unique to each customer and do not create an asset with an alternate use, and we have an enforceable right to payment for performance completed to date.

Accounts receivable is recognized when we have transferred a good or service to a customer and our right to receive consideration is unconditional through the completion of our performance obligation. A contract asset is recognized when we have a right to consideration from the transfer of goods or services to a customer but have not completed our performance obligation. A contract liability is recognized when we have been paid by a customer but have not yet satisfied the performance obligation by transferring goods or services. We had no material contract assets or contract liabilities as of August 31, 2018.

Our performance obligations related to product sales are satisfied in one year or less. Unsatisfied performance obligations represent contracts with an original expected duration of one year or less. As permitted under Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, we are using the practical expedient not to disclose the value of these unsatisfied performance obligations. We also use the practical expedient in which we do not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customer and the transfer of the promised goods or services to the customer will be one year or less.

Financing Fees:

Financing fees were being amortized over the life of the related liability on the straight-line method which is not materially different than using the effective interest method. All amortization has been expensed since the ongoing staffing operations have discontinued from which the finance fees were originally accrued.

Net Income (Loss) Per Share:

The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is antidilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal. 

Income Taxes:

The Company, a C-corporation, accounts for income taxes under ASC Topic 740 (SFAS No. 109). Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

The Company adopted the provisions of FASB ASC 740-10 " Uncertainty in Income Taxes " (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10.  If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.

9

Currently, the Company has projected $8,076,069 as of August 31, 2018 in Net Operating Loss carryforwards available. The benefits of the potential tax savings will be recognized in the recorded to date.

Recently Issued Accounting Pronouncements:

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 - RELATED PARTY TRANSACTIONS

The Company currently rents space from Arthur Viola, CEO and shareholder. This is a month to month rental and there is no commitment beyond each month. The monthly rent expense is $2,025.

Effective December 15, 2015, Mr. Viola entered into a $685,000 convertible promissory note agreement with the Company in lieu of cash for prior years, unpaid compensation and forgave all other remaining unpaid amounts outstanding at that time. The note matures on December 15, 2018 and bears interest at a rate of 10% per annum. Mr. Viola has the option to convert any portion of the unpaid principal balance into the Company’s common shares at a discount to market of 50% at any time.

During 2016, our President Arthur Viola infused $10,200 in advances for working capital. These funds were advanced interest free with no payback terms of twelve months and one day. No repayments have been made against these advances as of August 31, 2018.

Since its formation during 2018, an operating principal of the Company’s wholly-owned subsidiary Payless Truckers, Inc. has loaned $70,000 to fund the subsidiary’s operations. The loan currently bears no interest and is payable on demand. The Company has imputed interest on this obligation at a rate of 10% per annum, which the Company believes is appropriate and represents a market lending rate based upon other debt financings. As of August 31, 2018, imputed interest of $2,333 has been recorded in the Company’s financial statements.

NOTE 4 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Historically, the Company has sustained recurring operating losses. As of August 31, 2018, the Company had a working capital deficit of ($1,356,563) and an accumulated deficit of ($8,076,059).

Management believes that the Company's capital requirements will depend on many factors including the success of the Company's business development efforts and its ability to raise capital to fund acquisitions and operations. There are no assurances that such financing will be available to the Company when needed. 

The conditions described above raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 5 - COMMITMENTS AND CONTINGENCIES

Commitments:

The Company currently has no long-term commitments.

Contingencies:

None

NOTE 6 - LEGAL PROCEEDINGS

We are not engaged in any other litigation and management is unaware of any claims or complaints that could result in future litigation.  Management will seek to minimize disputes with its customers but recognizes the inevitability of legal action in today's business environment as an unfortunate price of conducting business.

NOTE 7 - INCOME TAXES

The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the three and nine months ended August 31, 2018 and 2017:

	Three Months Ended August 31,			Three Months Ended August 31,			Nine Months Ended August 31,			Nine Months Ended August 31,
	2018			2017			2018			2017
Tax provision (recovery) at effective tax rate (21%)	$	54,104		$	(30,505	)	$	19,630		$	(50,756	)
Change in valuation reserve		(54,104	)		30,505			(19,630	)		50,756
Tax provision (recovery), net	$	—		$	—		$	—		$	—

As of August 31, 2018, the Company had approximately $8,076,059 in net operating loss carry forwards for federal income tax purposes which expire between 2018 and 2034.  Generally, these can be carried forward and applied against future taxable income at the tax rate applicable at that time. We are currently using a 21% effective tax rate for our projected available net operating loss carryforward. However, as a result of potential stock offerings and stock issuance in connection with potential acquisitions, as well as the possibility of the Company not realizing its business plan objectives and having future taxable income to offset, the Company's use of these NOLs may be limited under the provisions of Section 382 of the Internal Revenue Code of 1986, as amended.  The Company is in the process of evaluating the implications of Section 382 on its ability to utilize some or all of its NOLs.

10

Components of deferred tax assets and (liabilities) are as follows:

	August 31, 2018			November 30, 2017
Net operating loss carry forwards available at effective tax rate (21%)	$	1,696,000		$	1,175,602
Less: Valuation Allowances		(1,696,000	)		(1,175,602	)
Deferred Tax Asset	$	–		$	–

In accordance with FASB ASC 740 "Income Taxes", valuation allowances are provided against deferred tax assets, if based on the weight of available evidence, some or all of the deferred tax assets may or will not be realized. The Company has evaluated its ability to realize some or all of the deferred tax assets on its balance sheet and has established a valuation allowance of approximately $1,696,000 at August 31, 2018. The Company did not utilize any NOL deductions for the full fiscal year ended November 30, 2017.

NOTE 8 - NOTES PAYABLE

Other than as described below, there were no issuances of securities without registration under the Securities Act of 1933 during the reporting period which were not previously included in our previous form 10K.

On August 31, 2015, the Company entered in convertible note agreement with a private and accredited investor, LG Capital, in the amount of $75,000, unsecured, with principal and interest (stated at 8%) amounts due and payable upon maturity on February 28, 2016. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from .03% to .08%; Dividend rate of 0%; and, historical volatility rates ranging from 195% to 236%. As of August 31, 2018, the note balance was $55,224 and all associated loan discounts were fully amortized.

On December 30, 2015, the Company entered in convertible note agreement with a private and accredited investor, Auctus Private Equity Fund LLC, in the amount of $130,000, unsecured, with principal and interest (stated at 10%) amounts due and payable upon maturity on September 30, 2016. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from .03% to .16%; Dividend rate of 0%; and, historical volatility rates ranging from 208% to 269%. As of August 31, 2018, the note balance was $113,992 and all associated loan discounts were fully amortized.

On January 21, 2016, the Company entered in convertible note agreement with a private and accredited investor, John De La Cross Capital Partners Inc., in the amount of $8,000, unsecured, with principal and interest (stated at 5%) amounts due and payable upon demand. The note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from .03% to .16%; Dividend rate of 0%; and, historical volatility rates ranging from 208% to 269%. As of August 31, 2018, the note balance was $6,500 and all associated loan discounts were fully amortized.

11

On November 23, 2016, the Company entered in convertible note agreement with a private and accredited investor, Auctus Private Equity Fund LLC, in the amount of $61,000, unsecured, with principal and interest (stated at 12%) amounts due and payable upon maturity on August 23, 2017. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from ..03% to .16%; Dividend rate of 0%; and, historical volatility rates ranging from 208% to 269%. During the three months ended May 31, 2018, the Company amended this agreement and received an additional $10,000 in funding under this note. As of August 31, 2018, the note balance was $97,000 and all associated loan discounts were fully amortized.

NOTE 9 - DERIVATIVE LIABILITIES

The Company accounts for derivative financial instruments in accordance with ASC 815, which requires that all derivative financial instruments be recorded in the balance sheets either as assets or liabilities at fair value.

The Company's derivative liability is an embedded derivative associated with one of the Company's convertible promissory notes. The convertible promissory notes issued, (the "Note"), are a hybrid instrument which contain an embedded derivative feature which would individually warrant separate accounting as a derivative instrument under Paragraph 815-10-05-4.  The embedded derivative feature includes the conversion feature to the Note. Pursuant to Paragraph 815-10-05-4, the value of the embedded derivative liability have been bifurcated from the debt host contract and recorded as a derivative liability resulting in a reduction of the initial carrying amount (as unamortized discount) of the notes, which are amortized as debt discount to be presented in other (income) expenses in the statements of operations using the effective interest method over the life of the notes.

The embedded derivative within the note have been valued using the Black Scholes approach, recorded at fair value at the date of issuance; and marked-to-market at each reporting period end date with changes in fair value recorded in the Company's statements of operations as "change in the fair value of derivative instrument".

As of August 31, 2018 and November 30, 2017, the estimated fair value of derivative liability was determined to be $234,595 and $362,091, respectively. During the nine months ended August 31, 2018, new derivative liabilities of $63,960 were recognized by the Company. The change in the fair value of derivative liabilities for the nine months ended August 31, 2018 was $228,896 resulting in an aggregate gain on derivative liabilities.

Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheets:

			Fair Value Measurement Using
	Carrying Value			Level 1		Level 2		Level 3		Total
Derivative liabilities on conversion feature		234,595			–		–		234,595		234,595
Total derivative liabilities	$	234,595		$	–	$	–	$	234,595	$	234,595

12

Summary of the Changes in Fair Value of Level 3 Financial Liabilities

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the Nine months ended August 31, 2018:

	Derivative Liability
Fair value, November 30, 2017	$	362,091
Additions		63,960
Change in fair value		(191,457	)
Transfers in and/or out of Level 3		–
Fair value, August 31, 2018	$	234,595

NOTE 10 – SUBSEQUENT EVENTS

In accordance with FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to August 31, 2018 to the date these consolidated financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements.

13

PART I

ITEM 2.    MANAGEMNT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

Forward Looking Statements

The statements contained in this report other than statements of historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Registrant’s present expectations or beliefs concerning future events. The Registrant cautions that such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Registrant to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, the uncertainty as to the Registrant’s future profitability; the uncertainty as to the demand for Registrant’s services; increasing competition in the markets that Registrant conducts business; the Registrant’s ability to hire, train and retain sufficient qualified personnel; the Registrant’s ability to obtain financing on acceptable terms to finance its growth strategy; and the Registrant’s ability to develop and implement operational and financial systems to manage its growth. These forward-looking statements speak only as of the date of this report. We assume no obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. You should, however, review additional disclosures we make in the reports we file with the SEC.

As used in this interim report, the terms “we”, “us”, “our”, the “Company”, the “Registrant”, “Daniels Corporate Advisory”, “DCAC” and “Daniels” mean Daniels Corporate Advisory Company, Inc. unless otherwise indicated.

Overview

Daniels Corporate Advisory creates and implements corporate strategy alternatives for the mini-cap public or private company client. The addition of new business opportunities and the location of professional talent for implementation is anticipated through the full-time efforts of our senior management. These efforts are to be expanded in the United States and in foreign capitals by an expanding advisory board and through the networks of independent consultants. Principals of the respective client company will open their networks to augment professional access for specialties the Daniels corporate strategy consultants believe are needed in a jointly-venture, jointly-controlled undertaking created for the client’s optimum growth.

Daniels may provide the client with multiple corporate strategies/opportunities including joint-ventures, marketing opportunity agreements and/or potential acquisitions structured in leveraged buyout format. One or a combination of these strategies would allow the client to enter new market niches or expand further into existing ones.

Recent Business Developments

We have continued to focus our efforts on the build out of the Daniels Corporate Strategy Model. We adjusted our strategy as it relates to the development of subsidiary start-ups and potential acquisitions for common stock. We concentrated on identifying projects that had the potential to produce significant earnings while utilizing limited capital within an expedited time period. We are prioritizing businesses that require heavy capital expenditures and intend to leverage our financing structure in order to produce the potential for accelerated earnings.

As a result, we formed Payless Truckers, Inc. (“Payless”), a wholly-owned subsidiary which was incorporated in the State of Nevada, on April 11, 2018. Payless is a start-up trucking company whose principal business is to acquire, refurbish, add location electronics, advertise and sell commercial vehicles to independent drivers and operators. We entered into an operating agreement with a senior management team in an effort to drive the business and better realize its earnings and growth potential. Payless is responsible for a substantial amount of our financial results, which was an intentional management objective.

We envision Payless as a two-segment trucking business that will be built from its current operating base in Louisiana over the first twelve months of operation. It represents a streamlined trucking company model; one we believe should survive any potential future slow-downs in the economy. It was developed to allow for the maximum utilization of each truck. The first phase of operations has already been implemented, and is described above. The second phase of the business looks to expand upon our current model to allow drivers to rent, or lease, to own our vehicles.

We hope to further enhance our plan for growth beginning in our second year by forming joint-ventures and/or partnerships with truck maintenance companies across the United States in key traffic hubs. This will potentially afford independent drivers and operators the opportunity to be serviced by trusted maintenance facilities under our warranty program.

14

Liquidity and Capital Resources

As of August 31, 2018, we had $60,586 in cash and cash equivalents and a working capital deficit of $1,356,563.

During the nine months ended August 31, 2018, net cash used in operating activities was ($45,511) compared to net cash used of ($47,027) during the same period in 2017. The nominal decrease in net cash used in operating activities is primarily attributable to the results of operations of our newly formed Payless Truckers, Inc. subsidiary. Payless acquires, refurbishes and resells commercial freight vehicles. It recorded sales of $983,321 and realized a gross margin of $130,058 during the period. Payless currently does not offer credit terms on its sales, and as such requires cash proceeds from its customers at the time of sale. Its gross margins were offset, in part, by the change in its working capital assets which created a cash use of approximately $83,000. The change in working capital assets was primarily caused by an increase in inventory of approximately $238,000, offset by an increase in trade payables and accrued liabilities of approximately $161,000.

Net cash provided by financing activities was $106,000 for the nine months ended August 31, 2018, as compared to net cash provided of $47,051 during the same period in 2017. The increase in net cash provided by financing activities is directly related to loans made to fund operations by an operating principal of our Payless subsidiary.

Our consolidated financial statements have been prepared assuming we will continue as a going concern, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these financial statements.

Financing Activities

We will have to raise capital by means of borrowings or through a private placement or a subsequent registered offering.  At present, we do not have any commitments with respect to future financings.  If we are unable to raise adequate capital, in the near term, to finance all phases of a client corporate consulting assignment, our proposed business will experience slow growth because it will be very hard to compete for business without a sound capital base to support advisory and implementation efforts on our suggested corporate growth strategies.

At present, we do have sufficient capital on hand to fund very limited operations for the immediate future.  Our logistics income continues to provide enough working capital to fund our operations. We are continually seeking to raise funds for our projects through both debt and equity measures.

Effective December 15, 2015, our chief executive officer, Mr. Arthur Viola, entered into a $685,000 convertible promissory note agreement with the Company in lieu of cash for prior years, unpaid compensation and forgave all other remaining unpaid amounts outstanding at that time. The note matures on December 15, 2018 and bears interest at a rate of 10% per annum. Mr. Viola has the option to convert any portion of the unpaid principal balance into the Company’s common shares at a discount to market of 50% at any time. In the event of conversion, Mr. Viola intends to reinvest any proceeds generated by his investment back into the business to fund operations or the growth of our subsidiaries.

15

Results of Operations – For the Three Months ended August 31, 2018

Sales

The Company recorded sales of $983,321 during the three months ended August 31, 2018, as compared to zero sales recorded during the same period ended August 31, 2017. Sales increased as a direct result of the operations of the Company’s newly formed subsidiary, Payless Truckers, Inc.

Gross margin

Gross margin is calculated by subtracting cost of goods sold from sales. Gross margin percentage is calculated by dividing gross margins by revenue. Current gross margins percentages may not be indicative of future gross margin performance.

Gross margin for the three months ended August 31, 2018 and 2017 were 13.2% and 0.0%, respectively. The increase in gross margin for the current year period is directly attributable to the operations of Payless.

Operating Expenses

During the three months ended August 31, 2018, we incurred $92,037 in operating expenses, as compared to $31,496 during the same period ended August 31, 2017. The increase in operating expenses is directly attributable to the results of operations of our newly formed Payless subsidiary.

Other Income and Expenses

During the three months ended August 31, 2018, we realized a gain from the change in derivative liabilities of $228,896, as compared to a loss from the change in derivative liabilities of ($93,666) during the same period ended August 31, 2017. The Company also incurred a net interest expense of $9,278 during the current year period, as compared to $20,101 in expense recorded during the prior year period.

Net Income

The Company recorded net income for the three months ended August 31, 2018 of $257,639, as compared to a net loss of ($145,263) during the same period ended August 31, 2017.

Results of Operations – For the Nine Months Ended August 31, 2018

Sales

The Company recorded sales of $983,321 during the nine months ended August 31, 2018, as compared to zero sales recorded during the same period ended August 31, 2017. Sales increased as a direct result of the operations of the Company’s newly formed subsidiary, Payless Truckers, Inc.

Gross margin

Gross margin is calculated by subtracting cost of goods sold from sales. Gross margin percentage is calculated by dividing gross margins by revenue. Current gross margins percentages may not be indicative of future gross margin performance.

Gross margin for the nine months ended August 31, 2018 and 2017 were 13.2% and 0.0%, respectively. The increase in gross margin for the current year period is directly attributable to the operations of Payless.

Operating Expenses

During the nine months ended August 31, 2018, we incurred $142,037 in operating expenses, as compared to $120,025 during the same period ended August 31, 2017. The increase in operating expenses is directly attributable to the results of operations of our newly formed Payless subsidiary.

Other Income and Expenses

During the nine months ended August 31, 2018, we incurred a derivative expense charge of $63,960, as compared to $101,849 during the same period ended August 31, 2017. We realized a gain from the change in derivative liabilities of $191,457, as compared to a gain from the change in derivative liabilities of $18,483 during the same period ended August 31, 2017. The Company also incurred a net interest expense of $22,042 during the current year period, as compared to $60,302 in expense recorded during the prior year period.

Net Income

The Company recorded net income for the nine months ended August 31, 2018 of $93,476, as compared to a net loss of ($245,353) during the same period ended August 31, 2017.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None.

ITEM 4 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures.

We maintain disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is recorded, processed, summarized and reported within the specified time periods and accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding disclosure.

16

Our management, with the participation of our Chief Executive Officer ("CEO") and our Chief Financial Officer ("CFO"), evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act) as of November 30, 2017. In designing and evaluating disclosure controls and procedures, we and our management recognize that any disclosure controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving the desired control objective. As of November 30, 2017, based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls, the CEO and CFO concluded that our disclosure controls and procedures were not effective.

In light of the conclusion that our internal controls over financial reporting were ineffective as of November 30, 2017, we have applied procedures and processes as necessary to ensure the reliability of our financial reporting in regards to this quarterly report on Form 10-Q. Accordingly, management believes, based on its knowledge, that: (i) this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading with respect to the periods covered by this report; and (ii) the financial statements, and other financial information included in this quarterly report, fairly present in all material respects our financial condition, results of operations and cash flows as at, and for, the periods presented in this quarterly report.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining effective internal control over financial reporting as defined in Rule 13a-15(f) under the Exchange Act. Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement of our financial statements would be prevented or detected. Under the supervision of our CEO and PFO, the Company conducted an evaluation of the effectiveness of our internal control over financial reporting as of November 30, 2017 using the criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. In our assessment of the effectiveness of internal control over financial reporting as of November 30, 2017, we determined that control deficiencies existed that constituted material weaknesses, as described below:

1)	lack of documented policies and procedures;
2)	inadequate resources dedicated to the financial reporting function; and
3)	ineffective separation of duties due to limited staff.

Subject to the Company's ability to obtain financing and hire additional employees, the Company expects to be able to design and implement effective internal controls in the future that address these material weaknesses.

Accordingly, we concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the Company's internal controls.

As a result of the material weaknesses described above, our CEO and CFO have concluded that the Company did not maintain effective internal control over financial reporting as of August 31, 2018 based on criteria established in Internal Control—Integrated Framework issued by COSO.

Changes in Internal Control Over Financial Reporting.

There were no changes in our internal control over financial reporting during the quarter ended August 31, 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

17

PART II

ITEM 1.    LEGAL PROCEEDINGS

We are not engaged in any other litigation and management is unaware of any claims or complaints that could result in future litigation.  Management will seek to minimize disputes with its customers but recognizes the inevitability of legal action in today's business environment as an unfortunate price of conducting business.

Item 1A. Risk Factors.

Not applicable

ITEM 2.  RECENT SALES OF UNREGISTERED SECURITIES

During the three months ended August 31, 2018, the Company did not issue any shares of unregistered common stock.

ITEM  6.   EXHIBITS, REPORTS ON FORM  8-K AND FINANCIAL STATEMENT SCHEDULES

(a)   Exhibits

Exhibits required to be attached by Item 601 of Regulation S-B are listed in the Index to Exhibits and are incorporated herein by this reference.

EXHIBIT

No.	Description
31.1	Certification of Chief Executive Officer/CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer/CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

18

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated August 29, 2019
	Daniels Corporate Advisory Company, Inc.
	(Registrant)
	By:	/s/ Nicholas Viola
	Nicholas Viola
	Chief Executive Officer
	By:	/s/ Keith Voigts
	Keith Voigts
	Chief Financial Officer

19

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

I, Nicholas Viola, certify that:

1. I have reviewed this quarterly report on Form 10-Q/A of Daniels Corporate Advisory Company, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedure to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: August 29, 2019	/s/ Nicholas Viola
	Nicholas Viola, Chief Executive Officer
	(Principal Executive Officer)

Exhibit 31.2

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

I, Keith L. Voigts, certify that:

1. I have reviewed this quarterly report on Form 10-Q/A of Daniels Corporate Advisory Company, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedure to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: August 29, 2019	/s/ Keith L. Voigts
	Keith L. Voigts, Chief Financial Officer
	(Principal Financial and Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with this quarterly report of Daniels Corporate Advisory Company, Inc. (the “Company”) on Form 10-Q/A for the quarter ended August 31, 2018, as filed with the Securities and Exchange Commission on October 25, 2018 (the “Report”), we, the undersigned, in the capacities and on the date indicated below, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of our knowledge:

1. The Report fully complies with the requirements of Rule 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 29, 2019	/s/ Nicholas Viola
	Nicholas Viola, Chief Executive Officer
	(Principal Executive Officer)
Dated: August 29, 2019	/s/ Keith L. Voigts
	Keith L. Voigts, Chief Financial Officer
	(Principal Financial and Accounting Officer)

XML

Document and Entity Information - shares	9 Months Ended
	Aug. 31, 2018	Oct. 22, 2018
Document And Entity Information
Entity Registrant Name	Daniels Corporate Advisory Company, Inc.
Entity Central Index Key	0001498291
Document Type	10-Q/A
Document Period End Date	Aug. 31, 2018
Amendment Flag	true
Amendment Description	We are filing this amendment on Form 10 Q/A to amend our Quarterly Report ( "Amended Report" ) for the three months ending August 31, 2018, originally filed with the Securities & Exchange Commission on October 25, 2018, (the original report) to amend our consolidated financial statements. This amended report has not been updated for events occurring after the filing of the original report nor does it change any other disclosures contained in the original report. Accordingly, the Amended Report should be read in conjunction with the Original Report. In accordance with applicable SEC Rules, this Form 10 Q/A includes new certifications required by Section 302 of the Sarbanes-Oxley Act of 2002 as amended, for our newly appointed Chief Executive and Chief Financial Officers, dated October 24, 2019 10 Q as of the filing date of this Form 10 Q/A. The Section 302 Certifications were inadvertently not filed in the original document.
Current Fiscal Year End Date	--11-30
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,225,451,502
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2018

XML

Consolidated Balance Sheets - USD ($)	Aug. 31, 2018	Nov. 30, 2017
Current assets:
Cash and cash equivalents	$ 60,586	$ (3)
Accounts receivable	5,000
Inventory	238,430
Total current assets	304,016	(3)
Total assets	304,016	(3)
Current liabilities:
Accounts payable and accrued liabilities	468,268	249,014
Derivative liabilities	234,595	362,091
Notes payable, related party	685,000	685,000
Notes payable, net of loan discounts	272,716	241,737
Total current liabilities	1,660,579	1,537,842
Related party payables	80,200	10,200
Total liabilities	1,740,779	1,548,042
Commitments and contingencies
Stockholders' Deficit:
Preferred stock, $0.001 par value. 100,000 shares authorized; 100,000 shares issued and outstanding as of August 31, 2018 and November 30, 2017, respectively	100	100
Common stock, $0.001 par value. 6,000,000,000 shares authorized; 4,225,451,502 and 3,513,247,802 shares issued and outstanding as of August 31, 2018 and November 30, 2017, respectively	4,225,452	3,513,248
Additional paid-in capital	2,478,093	3,172,491
Accumulated deficit	(8,076,059)	(8,169,535)
Accumulated other comprehensive loss	(64,349)	(64,349)
Total stockholders' deficit	(1,436,763)	(1,548,045)
Total liabilities and stockholders' deficit	$ 304,016	$ (3)

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2018	Nov. 30, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	100,000	100,000
Preferred stock, shares outstanding	100,000	100,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	6,000,000,000	6,000,000,000
Common stock, shares issued	4,225,451,502	3,513,247,802
Common stock, shares outstanding	4,225,451,502	3,513,247,802

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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017
Income Statement [Abstract]
Sales	$ 983,321		$ 983,321
Cost of goods sold	853,263		853,263
Gross margin	130,058		130,058
Operating expenses	92,037	31,496	142,037	120,025
Income (loss) from operations	38,021	(31,496)	(11,979)	(120,025)
Other income (expense)
Derivative expense			(63,960)	(101,849)
Gain (loss) on derivative liabilities	228,896	(93,666)	191,457	18,483
Gain (loss) on retirement of debt				22,000
Interest income (expense), net	(9,278)	(20,101)	(22,042)	(60,302)
Total other income (expense)	219,618	(113,767)	105,455	(121,668)
Income (loss) before income taxes	257,639	(145,263)	93,476	(241,693)
Provision for income taxes (benefit)
Net income (loss) before discontinued operations	257,639	(145,263)	93,476	(241,693)
Net income (loss) from discontinued operations
Net income (loss)	$ 257,639	$ (145,263)	$ 93,476	$ (241,693)
Basic and diluted earnings (loss) per common share	$ 0.00	$ (0.00)	$ 0.00	$ (0.00)
Weighted-average number of common shares outstanding:
Basic and diluted	4,225,451,502	3,513,247,802	4,046,395,863	3,338,826,847
Comprehensive loss:
Net income (loss)	$ 257,639	$ (145,263)	$ 93,476	$ (241,693)
Unrealized gain (loss)				(3,660)
Comprehensive income (loss)	$ 257,639	$ (145,263)	$ 93,476	$ (245,353)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017
Cash flows from operating activities of continuing operations:
Net income (loss)	$ 257,639	$ (145,263)	$ 93,476	$ (241,693)
Adjustments to reconcile net loss to cash used in operating activities:
Amortization of debt discount				40,962
Derivative expense			63,960	101,849
(Gain) loss on derivative liabilities	(228,896)	93,666	(191,457)	(18,483)
(Gain) loss on retirement of debt				(22,000)
Changes in operating assets and liabilities:
Accounts receivable			(5,000)
Inventory			(238,430)
Accounts payable and accrued liabilities			232,040	92,338
Net cash provided by (used in) operating activities			(45,411)	(47,027)
Cash flows from investing activities:
Net cash provided by (used in) financing activities
Cash flows from financing activities:
Proceeds from related parties			70,000
Proceeds from issuance of convertible debentures			36,000	47,051
Net cash provided by (used in) financing activities			106,000	47,051
Net increase (decrease) in cash and cash equivalents			60,589	24
Cash and cash equivalents at beginning of period			(3)	33
Cash and cash equivalents at end of period	$ 60,586	$ 57	60,586	57
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities:
Beneficial conversion features and original issuance discounts on convertible debentures				54,617
Common stock issued to reduce convertible and promissory notes payable			17,806	19,264
Unrealized gain (loss) on securities				$ (3,440)

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Organization and Basis of Presentation

9 Months Ended

Aug. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

Daniels Corporate Advisory Company, Inc. (“Daniels” or the Company) was incorporated in the State of Nevada on May 2, 2002. The Company creates and implements corporate strategy alternatives for mini-cap public and private companies. 

The Company formed Payless Truckers, Inc. (“Payless”), a wholly-owned subsidiary which was incorporated in the State of Nevada, on April 11, 2018. Payless is a start-up trucking company whose principal business is to acquire, refurbish, add location electronics, advertise and sell commercial vehicles to drivers and transportation focused customers.

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Summary of Significant Accounting Policies

9 Months Ended

Aug. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation:

We have prepared the accompanying consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America. We believe these consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of our consolidated financial position and consolidated results of operations for the periods presented. Such rules and regulations allow us to condense and omit certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America.  We believe these condensed consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of our consolidated financial position and consolidated results of operations for the periods presented.

Principles of Consolidation:

The accompanying unaudited consolidated financial statements include the accounts of the Company and all its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Election to be treated as an emerging growth company:

For the five-year period starting in the first quarter of 2012, Daniels if continuing eligibility applies has elected to use the extended transition period now available for complying with new or revised accounting standards under Section 102(b) (1).  This election allows Daniels to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.  As a result of the Company still being eligible, the Daniels financial statements may not be comparable to companies that comply with public company effective dates.

FASB Codification:

  In June 2009, the FASB issued ASC 105, Generally Accepted Accounting Principles, ("Codification") effective for interim and annual reporting periods ending after September 15, 2009. This statement establishes the Codification as the source of authoritative accounting principles used in the preparation of financial statements in conformity with generally accepted accounting principles. The Codification does not replace or affect guidance issued by the SEC or its staff. As a result of the Codification, the references to authoritative accounting pronouncements included herein in this Annual Report now refer to the Codification topic section rather than a specific accounting rule as was past practice.

Use of Estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Risk and Uncertainties:

Our future results of operations and financial condition will be impacted by the following factors, among others: our lack of capital resources, dependence on third-party management to operate the companies in which we invest and dependence on the successful development and marketing of any new products in new and existing markets. Generally, we are unable to predict the future status of these areas of risk and uncertainty. However, negative trends or conditions in these areas could have an adverse effect on our business.

Cash and Cash Equivalents:

For financial statement presentation purposes, short-term, highly liquid investments with original maturities of three months or less are considered to be cash equivalents. The Company maintains its cash accounts at several financial institutions, which at times may exceed the insurable FDIC limit, but management believes that there is little risk of loss.

Accounts receivable:

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance.

Inventory:

Inventory consists of well maintained, commercial freight vehicles primarily acquired at auction. Inventory is valued at the lower of cost (first in, first out) or replacement value. An allowance for potential non-saleable inventory due to movement, current conditions or obsolescence is based upon a review of inventory quantities, past history and expected future usage. The Company believes that no write-down for slow moving or obsolete inventory is necessary as of August 31, 2018.

Fair Value of Financial Instruments:

In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities.  The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 " Fair Value Measurements and Disclosures " (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

● Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

● Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability; either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

● Level 3—Inputs that are both significant to the fair value measurement and unobservable.

The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.  These financial instruments include investments in available-for-sale securities and accounts payable and accrued expenses.    The Company has also applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company's financial statements.

Comprehensive Income:

ASC Topic 220 (SFAS No. 130) establishes standards for reporting comprehensive income and its components. Comprehensive income is defined as the change in equity during a period from transactions and other events from non-owner sources.  Per the consolidated financial statements, the Company has purchased available-for-sale securities that are subject to this reporting.

Other-Than-Temporary Impairment:

All of our non-marketable and other investments are subject to a periodic impairment review. Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary.

When events or changes in circumstances indicate that long-lived assets other than goodwill may be impaired, an evaluation is performed to determine if a write-down to fair value is required. When an asset is classified as held for sale, the asset's book value is evaluated and adjusted to the lower of its carrying amount or fair value less cost to sell. In addition, depreciation and amortization ceases while it is classified as held for sale.

The indicators that we use to identify those events and circumstances include:

● the investee's revenue and earnings trends relative to predefined milestones and overall business prospects;

● the general market conditions in the investee's industry or geographic area, including regulatory or economic changes;

● factors related to the investee's ability to remain in business, such as the investee's liquidity, debt ratios, and the rate at which the investee is using its cash; and

● the investee's receipt of additional funding at a lower valuation. If an investee obtains additional funding at a valuation lower than our carrying amount or a new round of equity funding is required for the investee to remain in business, and the new round of equity does not appear imminent, it is presumed that the investment is other than temporarily impaired, unless specific facts and circumstances indicate otherwise.

Revenue and Cost Recognition:

We recognize revenue when we satisfy performance obligations by the transfer of control of products or services to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. We recognize revenue from product sales to customers when we satisfy our performance obligation, at a point in time, upon product shipment or delivery to our customer as determined by agreed upon shipping terms. Shipping charges billed to customers are included in product sales and the related shipping costs are included in operating expenses.

We recognize corporate financial consulting service revenue over a period of time as the performance obligation is satisfied over a period of time rather than a point in time. Contracts have specifications unique to each customer and do not create an asset with an alternate use, and we have an enforceable right to payment for performance completed to date.

Accounts receivable is recognized when we have transferred a good or service to a customer and our right to receive consideration is unconditional through the completion of our performance obligation. A contract asset is recognized when we have a right to consideration from the transfer of goods or services to a customer but have not completed our performance obligation. A contract liability is recognized when we have been paid by a customer but have not yet satisfied the performance obligation by transferring goods or services. We had no material contract assets or contract liabilities as of August 31, 2018.

Our performance obligations related to product sales are satisfied in one year or less. Unsatisfied performance obligations represent contracts with an original expected duration of one year or less. As permitted under Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, we are using the practical expedient not to disclose the value of these unsatisfied performance obligations. We also use the practical expedient in which we do not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customer and the transfer of the promised goods or services to the customer will be one year or less.

Financing Fees:

Financing fees were being amortized over the life of the related liability on the straight-line method which is not materially different than using the effective interest method. All amortization has been expensed since the ongoing staffing operations have discontinued from which the finance fees were originally accrued.

Net Income (Loss) Per Share:

The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is antidilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal. 

Income Taxes:

The Company, a C-corporation, accounts for income taxes under ASC Topic 740 (SFAS No. 109). Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

The Company adopted the provisions of FASB ASC 740-10 " Uncertainty in Income Taxes " (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10.  If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.

Currently, the Company has projected $8,076,069 as of August 31, 2018 in Net Operating Loss carryforwards available. The benefits of the potential tax savings will be recognized in the recorded to date.

Recently Issued Accounting Pronouncements:

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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Related Party Transactions

9 Months Ended

Aug. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 3 - RELATED PARTY TRANSACTIONS

The Company currently rents space from Arthur Viola, CEO and shareholder. This is a month to month rental and there is no commitment beyond each month. The monthly rent expense is $2,025.

Effective December 15, 2015, Mr. Viola entered into a $685,000 convertible promissory note agreement with the Company in lieu of cash for prior years, unpaid compensation and forgave all other remaining unpaid amounts outstanding at that time. The note matures on December 15, 2018 and bears interest at a rate of 10% per annum. Mr. Viola has the option to convert any portion of the unpaid principal balance into the Company’s common shares at a discount to market of 50% at any time.

During 2016, our President Arthur Viola infused $10,200 in advances for working capital. These funds were advanced interest free with no payback terms of twelve months and one day. No repayments have been made against these advances as of August 31, 2018.

Since its formation during 2018, an operating principal of the Company’s wholly-owned subsidiary Payless Truckers, Inc. has loaned $70,000 to fund the subsidiary’s operations. The loan currently bears no interest and is payable on demand. The Company has imputed interest on this obligation at a rate of 10% per annum, which the Company believes is appropriate and represents a market lending rate based upon other debt financings. As of August 31, 2018, imputed interest of $2,333 has been recorded in the Company’s financial statements.

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Going Concern

9 Months Ended

Aug. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 4 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Historically, the Company has sustained recurring operating losses. As of August 31, 2018, the Company had a working capital deficit of ($1,356,563) and an accumulated deficit of ($8,076,059).

Management believes that the Company's capital requirements will depend on many factors including the success of the Company's business development efforts and its ability to raise capital to fund acquisitions and operations. There are no assurances that such financing will be available to the Company when needed. 

The conditions described above raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

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Commitments and Contingencies

9 Months Ended

Aug. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 5 - COMMITMENTS AND CONTINGENCIES

Commitments:

The Company currently has no long-term commitments.

Contingencies:

None

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Legal Proceedings

9 Months Ended

Aug. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

NOTE 6 - LEGAL PROCEEDINGS

We are not engaged in any other litigation and management is unaware of any claims or complaints that could result in future litigation.  Management will seek to minimize disputes with its customers but recognizes the inevitability of legal action in today's business environment as an unfortunate price of conducting business.

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Income Taxes

9 Months Ended

Aug. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 7 - INCOME TAXES

The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the three and nine months ended August 31, 2018 and 2017:

	Three Months Ended August 31,			Three Months Ended August 31,			Nine Months Ended August 31,			Nine Months Ended August 31,
	2018			2017			2018			2017
Tax provision (recovery) at effective tax rate (21%)	$	54,104		$	(30,505	)	$	19,630		$	(50,756	)
Change in valuation reserve		(54,104	)		30,505			(19,630	)		50,756
Tax provision (recovery), net	$	—		$	—		$	—		$	—

As of August 31, 2018, the Company had approximately $8,076,059 in net operating loss carry forwards for federal income tax purposes which expire between 2018 and 2034.  Generally, these can be carried forward and applied against future taxable income at the tax rate applicable at that time. We are currently using a 21% effective tax rate for our projected available net operating loss carryforward. However, as a result of potential stock offerings and stock issuance in connection with potential acquisitions, as well as the possibility of the Company not realizing its business plan objectives and having future taxable income to offset, the Company's use of these NOLs may be limited under the provisions of Section 382 of the Internal Revenue Code of 1986, as amended.  The Company is in the process of evaluating the implications of Section 382 on its ability to utilize some or all of its NOLs.

Components of deferred tax assets and (liabilities) are as follows:

	August 31, 2018			November 30, 2017
Net operating loss carry forwards available at effective tax rate (21%)	$	1,696,000		$	1,175,602
Less: Valuation Allowances		(1,696,000	)		(1,175,602	)
Deferred Tax Asset	$	–		$	–

In accordance with FASB ASC 740 "Income Taxes", valuation allowances are provided against deferred tax assets, if based on the weight of available evidence, some or all of the deferred tax assets may or will not be realized. The Company has evaluated its ability to realize some or all of the deferred tax assets on its balance sheet and has established a valuation allowance of approximately $1,696,000 at August 31, 2018. The Company did not utilize any NOL deductions for the full fiscal year ended November 30, 2017.

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Notes Payable

9 Months Ended

Aug. 31, 2018

Debt Disclosure [Abstract]

Notes Payable

NOTE 8 - NOTES PAYABLE

Other than as described below, there were no issuances of securities without registration under the Securities Act of 1933 during the reporting period which were not previously included in our previous form 10K.

On August 31, 2015, the Company entered in convertible note agreement with a private and accredited investor, LG Capital, in the amount of $75,000, unsecured, with principal and interest (stated at 8%) amounts due and payable upon maturity on February 28, 2016. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from .03% to .08%; Dividend rate of 0%; and, historical volatility rates ranging from 195% to 236%. As of August 31, 2018, the note balance was $55,224 and all associated loan discounts were fully amortized.

On December 30, 2015, the Company entered in convertible note agreement with a private and accredited investor, Auctus Private Equity Fund LLC, in the amount of $130,000, unsecured, with principal and interest (stated at 10%) amounts due and payable upon maturity on September 30, 2016. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from .03% to .16%; Dividend rate of 0%; and, historical volatility rates ranging from 208% to 269%. As of August 31, 2018, the note balance was $113,992 and all associated loan discounts were fully amortized.

On January 21, 2016, the Company entered in convertible note agreement with a private and accredited investor, John De La Cross Capital Partners Inc., in the amount of $8,000, unsecured, with principal and interest (stated at 5%) amounts due and payable upon demand. The note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from .03% to .16%; Dividend rate of 0%; and, historical volatility rates ranging from 208% to 269%. As of August 31, 2018, the note balance was $6,500 and all associated loan discounts were fully amortized.

On November 23, 2016, the Company entered in convertible note agreement with a private and accredited investor, Auctus Private Equity Fund LLC, in the amount of $61,000, unsecured, with principal and interest (stated at 12%) amounts due and payable upon maturity on August 23, 2017. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time. The Company has determined that the conversion feature in this note is not indexed to the Company’s stock and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates ranging from ..03% to .16%; Dividend rate of 0%; and, historical volatility rates ranging from 208% to 269%. During the three months ended May 31, 2018, the Company amended this agreement and received an additional $10,000 in funding under this note. As of August 31, 2018, the note balance was $97,000 and all associated loan discounts were fully amortized.

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Derivative Liabilities

9 Months Ended

Aug. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Liabilities

NOTE 9 - DERIVATIVE LIABILITIES

The Company accounts for derivative financial instruments in accordance with ASC 815, which requires that all derivative financial instruments be recorded in the balance sheets either as assets or liabilities at fair value.

The Company's derivative liability is an embedded derivative associated with one of the Company's convertible promissory notes. The convertible promissory notes issued, (the "Note"), are a hybrid instrument which contain an embedded derivative feature which would individually warrant separate accounting as a derivative instrument under Paragraph 815-10-05-4.  The embedded derivative feature includes the conversion feature to the Note. Pursuant to Paragraph 815-10-05-4, the value of the embedded derivative liability have been bifurcated from the debt host contract and recorded as a derivative liability resulting in a reduction of the initial carrying amount (as unamortized discount) of the notes, which are amortized as debt discount to be presented in other (income) expenses in the statements of operations using the effective interest method over the life of the notes.

The embedded derivative within the note have been valued using the Black Scholes approach, recorded at fair value at the date of issuance; and marked-to-market at each reporting period end date with changes in fair value recorded in the Company's statements of operations as "change in the fair value of derivative instrument".

As of August 31, 2018 and November 30, 2017, the estimated fair value of derivative liability was determined to be $234,595 and $362,091, respectively. During the nine months ended August 31, 2018, new derivative liabilities of $63,960 were recognized by the Company. The change in the fair value of derivative liabilities for the nine months ended August 31, 2018 was $228,896 resulting in an aggregate gain on derivative liabilities.

Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheets:

			Fair Value Measurement Using
	Carrying Value			Level 1		Level 2		Level 3		Total
Derivative liabilities on conversion feature		234,595			–		–		234,595		234,595
Total derivative liabilities	$	234,595		$	–	$	–	$	234,595	$	234,595

Summary of the Changes in Fair Value of Level 3 Financial Liabilities

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the Nine months ended August 31, 2018:

	Derivative Liability
Fair value, November 30, 2017	$	362,091
Additions		63,960
Change in fair value		(191,457	)
Transfers in and/or out of Level 3		–
Fair value, August 31, 2018	$	234,595

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Subsequent Events

9 Months Ended

Aug. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

NOTE 10 – SUBSEQUENT EVENTS

In accordance with FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to August 31, 2018 to the date these consolidated financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements.

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Aug. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation:

We have prepared the accompanying consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America. We believe these consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of our consolidated financial position and consolidated results of operations for the periods presented. Such rules and regulations allow us to condense and omit certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America.  We believe these condensed consolidated financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of our consolidated financial position and consolidated results of operations for the periods presented.

Principles of Consolidation

Principles of Consolidation:

The accompanying unaudited consolidated financial statements include the accounts of the Company and all its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Election to be Treated as an Emerging Growth Company

Election to be treated as an emerging growth company:

For the five-year period starting in the first quarter of 2012, Daniels if continuing eligibility applies has elected to use the extended transition period now available for complying with new or revised accounting standards under Section 102(b) (1).  This election allows Daniels to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.  As a result of the Company still being eligible, the Daniels financial statements may not be comparable to companies that comply with public company effective dates.

FASB Codification

FASB Codification:

  In June 2009, the FASB issued ASC 105, Generally Accepted Accounting Principles, ("Codification") effective for interim and annual reporting periods ending after September 15, 2009. This statement establishes the Codification as the source of authoritative accounting principles used in the preparation of financial statements in conformity with generally accepted accounting principles. The Codification does not replace or affect guidance issued by the SEC or its staff. As a result of the Codification, the references to authoritative accounting pronouncements included herein in this Annual Report now refer to the Codification topic section rather than a specific accounting rule as was past practice.

Use of Estimates

Use of Estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Risk and Uncertainties

Risk and Uncertainties:

Our future results of operations and financial condition will be impacted by the following factors, among others: our lack of capital resources, dependence on third-party management to operate the companies in which we invest and dependence on the successful development and marketing of any new products in new and existing markets. Generally, we are unable to predict the future status of these areas of risk and uncertainty. However, negative trends or conditions in these areas could have an adverse effect on our business.

Cash and Cash Equivalents

Cash and Cash Equivalents:

For financial statement presentation purposes, short-term, highly liquid investments with original maturities of three months or less are considered to be cash equivalents. The Company maintains its cash accounts at several financial institutions, which at times may exceed the insurable FDIC limit, but management believes that there is little risk of loss.

Accounts Receivable

Accounts receivable:

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all attempts to collect a receivable have failed, the receivable is written off against the allowance.

Inventory

Inventory:

Inventory consists of well maintained, commercial freight vehicles primarily acquired at auction. Inventory is valued at the lower of cost (first in, first out) or replacement value. An allowance for potential non-saleable inventory due to movement, current conditions or obsolescence is based upon a review of inventory quantities, past history and expected future usage. The Company believes that no write-down for slow moving or obsolete inventory is necessary as of August 31, 2018.

Fair Value of Financial Instruments

Fair Value of Financial Instruments:

In September 2006, the Financial Accounting Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities.  The Company adopted the standard for those financial assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. FASB Accounting Standards Codification (ASC) 820 " Fair Value Measurements and Disclosures " (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

● Level 1—Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

● Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability; either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

● Level 3—Inputs that are both significant to the fair value measurement and unobservable.

The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.  These financial instruments include investments in available-for-sale securities and accounts payable and accrued expenses.    The Company has also applied ASC 820 for all non-financial assets and liabilities measured at fair value on a non-recurring basis. The adoption of ASC 820 for non-financial assets and liabilities did not have a significant impact on the Company's financial statements.

Comprehensive Income

Comprehensive Income:

ASC Topic 220 (SFAS No. 130) establishes standards for reporting comprehensive income and its components. Comprehensive income is defined as the change in equity during a period from transactions and other events from non-owner sources.  Per the consolidated financial statements, the Company has purchased available-for-sale securities that are subject to this reporting.

Other-Than-Temporary Impairment

Other-Than-Temporary Impairment:

All of our non-marketable and other investments are subject to a periodic impairment review. Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary.

When events or changes in circumstances indicate that long-lived assets other than goodwill may be impaired, an evaluation is performed to determine if a write-down to fair value is required. When an asset is classified as held for sale, the asset's book value is evaluated and adjusted to the lower of its carrying amount or fair value less cost to sell. In addition, depreciation and amortization ceases while it is classified as held for sale.

The indicators that we use to identify those events and circumstances include:

● the investee's revenue and earnings trends relative to predefined milestones and overall business prospects;

● the general market conditions in the investee's industry or geographic area, including regulatory or economic changes;

● factors related to the investee's ability to remain in business, such as the investee's liquidity, debt ratios, and the rate at which the investee is using its cash; and

● the investee's receipt of additional funding at a lower valuation. If an investee obtains additional funding at a valuation lower than our carrying amount or a new round of equity funding is required for the investee to remain in business, and the new round of equity does not appear imminent, it is presumed that the investment is other than temporarily impaired, unless specific facts and circumstances indicate otherwise.

Revenue and Cost Recognition

Revenue and Cost Recognition:

We recognize revenue when we satisfy performance obligations by the transfer of control of products or services to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. We recognize revenue from product sales to customers when we satisfy our performance obligation, at a point in time, upon product shipment or delivery to our customer as determined by agreed upon shipping terms. Shipping charges billed to customers are included in product sales and the related shipping costs are included in operating expenses.

We recognize corporate financial consulting service revenue over a period of time as the performance obligation is satisfied over a period of time rather than a point in time. Contracts have specifications unique to each customer and do not create an asset with an alternate use, and we have an enforceable right to payment for performance completed to date.

Accounts receivable is recognized when we have transferred a good or service to a customer and our right to receive consideration is unconditional through the completion of our performance obligation. A contract asset is recognized when we have a right to consideration from the transfer of goods or services to a customer but have not completed our performance obligation. A contract liability is recognized when we have been paid by a customer but have not yet satisfied the performance obligation by transferring goods or services. We had no material contract assets or contract liabilities as of August 31, 2018.

Our performance obligations related to product sales are satisfied in one year or less. Unsatisfied performance obligations represent contracts with an original expected duration of one year or less. As permitted under Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, we are using the practical expedient not to disclose the value of these unsatisfied performance obligations. We also use the practical expedient in which we do not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customer and the transfer of the promised goods or services to the customer will be one year or less.

Financing Fees

Financing Fees:

Financing fees were being amortized over the life of the related liability on the straight-line method which is not materially different than using the effective interest method. All amortization has been expensed since the ongoing staffing operations have discontinued from which the finance fees were originally accrued.

Net Income (Loss) Per Share

Net Income (Loss) Per Share:

The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is antidilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal. 

Income Taxes

Income Taxes:

The Company, a C-corporation, accounts for income taxes under ASC Topic 740 (SFAS No. 109). Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

The Company adopted the provisions of FASB ASC 740-10 " Uncertainty in Income Taxes " (ASC 740-10), on January 1, 2007. The Company has not recognized a liability as a result of the implementation of ASC 740-10. A reconciliation of the beginning and ending amount of unrecognized tax benefits has not been provided since there is no unrecognized benefit since the date of adoption. The Company has not recognized interest expense or penalties as a result of the implementation of ASC 740-10.  If there were an unrecognized tax benefit, the Company would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.

Currently, the Company has projected $8,076,069 as of August 31, 2018 in Net Operating Loss carryforwards available. The benefits of the potential tax savings will be recognized in the recorded to date.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements:

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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Income Taxes (Tables)

9 Months Ended

Aug. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the three and nine months ended August 31, 2018 and 2017:

	Three Months Ended August 31,			Three Months Ended August 31,			Nine Months Ended August 31,			Nine Months Ended August 31,
	2018			2017			2018			2017
Tax provision (recovery) at effective tax rate (21%)	$	54,104		$	(30,505	)	$	19,630		$	(50,756	)
Change in valuation reserve		(54,104	)		30,505			(19,630	)		50,756
Tax provision (recovery), net	$	—		$	—		$	—		$	—

Schedule of Deferred Tax Assets and Liabilities

Components of deferred tax assets and (liabilities) are as follows:

	August 31, 2018			November 30, 2017
Net operating loss carry forwards available at effective tax rate (21%)	$	1,696,000		$	1,175,602
Less: Valuation Allowances		(1,696,000	)		(1,175,602	)
Deferred Tax Asset	$	–		$	–

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Derivative Liabilities (Tables)

9 Months Ended

Aug. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheets:

			Fair Value Measurement Using
	Carrying Value			Level 1		Level 2		Level 3		Total
Derivative liabilities on conversion feature		234,595			–		–		234,595		234,595
Total derivative liabilities	$	234,595		$	–	$	–	$	234,595	$	234,595

Summary of Changes in Fair Value of Level 3 Financial Liabilities

he table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the Nine months ended August 31, 2018:

	Derivative Liability
Fair value, November 30, 2017	$	362,091
Additions		63,960
Change in fair value		(191,457	)
Transfers in and/or out of Level 3		–
Fair value, August 31, 2018	$	234,595

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Summary of Significant Accounting Policies (Details Narrative)	Aug. 31, 2018 USD ($)
Accounting Policies [Abstract]
Unrecognized tax benefits	$ 8,076,069

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Related Party Transactions (Details Narrative) - USD ($)		9 Months Ended		12 Months Ended
	Dec. 15, 2015	Aug. 31, 2018	Aug. 31, 2017	Nov. 30, 2016	Nov. 30, 2017
Notes payable, related party		$ 685,000			$ 685,000
Proceeds from related party		$ 70,000
Payless Truckers, Inc [Member]
Interest rate		10.00%
Proceeds from related party		$ 70,000
Imputed interest		2,333
CEO and Shareholder [Member]
Monthly rent expense		$ 2,025
President [Member]
Proceeds from related party				$ 10,200
President [Member] | Convertible Promissory Note Agreement [Member]
Notes payable, related party	$ 685,000
Debt instrument, maturity date	Dec. 15, 2018
Interest rate	10.00%
Debt instrument, description	Mr. Viola has the option to convert any portion of the unpaid principal balance into the Company's common shares at a discount to market of 50% at any time.

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Going Concern (Details Narrative) - USD ($)	Aug. 31, 2018	Nov. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ (1,356,563)
Accumulated deficit	$ (8,076,059)	$ (8,169,535)

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Income Taxes (Details Narrative) - USD ($)	9 Months Ended
	Aug. 31, 2018	Nov. 30, 2017
Income Tax Disclosure [Abstract]
Net operating loss carry forward	$ 8,076,059
Federal income tax, description	Expire between 2018 and 2034.
Income tax rate, percentage	21.00%
Valuation allowances of deferred tax assets	$ 1,696,000	$ 1,175,602

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Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2018	Aug. 31, 2017
Income Tax Disclosure [Abstract]
Tax provision (recovery) at effective tax rate (21%)	$ 54,104	$ (30,505)	$ 19,630	$ (50,756)
Change in valuation reserve	(54,104)	30,505	(19,630)	50,756
Tax provision (recovery), net

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Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) (Parenthetical)	9 Months Ended
	Aug. 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate for provision	21.00%

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Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Aug. 31, 2018	Nov. 30, 2017
Income Tax Disclosure [Abstract]
Net operating loss carry forwards available at effective tax rate (21%)	$ 1,696,000	$ 1,175,602
Less: Valuation Allowances	(1,696,000)	(1,175,602)
Deferred Tax Asset

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Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) (Parenthetical)	9 Months Ended
	Aug. 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate for operating loss carry forwards	21.00%

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Notes Payable (Details Narrative) - USD ($)	Nov. 23, 2016	Dec. 30, 2015	Aug. 31, 2015	Aug. 31, 2018	May 31, 2018	Jan. 21, 2016
Convertible Note Agreement [Member] | LG Capital [Member] | Risk-free Interest [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages			0.0003
Convertible Note Agreement [Member] | LG Capital [Member] | Risk-free Interest [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages			0.0008
Convertible Note Agreement [Member] | LG Capital [Member] | Dividend Rate [Member]
Fair value assumptions, measurement input, percentages			0.00
Convertible Note Agreement [Member] | LG Capital [Member] | Volatility [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages			1.95
Convertible Note Agreement [Member] | LG Capital [Member] | Volatility [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages			2.36
Convertible Note Agreement [Member] | LG Capital [Member] | Accredited Investor [Member]
Debt instrument principal value			$ 75,000
Debt interest rate			8.00%
Debt instrument maturity date			Feb. 28, 2016
Notes payable				$ 55,224
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Risk-free Interest [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages	0.0003	0.0003
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Risk-free Interest [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages	0.16	0.0016
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Dividend Rate [Member]
Fair value assumptions, measurement input, percentages	0.00	0.00
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Volatility [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages	2.08	2.08
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Volatility [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages	2.69	2.69
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Accredited Investor [Member]
Debt instrument principal value	$ 61,000	$ 130,000
Debt interest rate	12.00%	10.00%
Debt instrument maturity date	Aug. 23, 2017	Sep. 30, 2016
Notes payable				113,992
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Risk-free Interest [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages						0.0003
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Risk-free Interest [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages						0.0016
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Dividend Rate [Member]
Fair value assumptions, measurement input, percentages						0.00
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Volatility [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages						2.08
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Volatility [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages						2.69
Convertible Note Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Accredited Investor [Member]
Debt instrument principal value						$ 8,000
Debt interest rate						5.00%
Notes payable				6,500
Convertible Note Amended Agreement [Member] | John De La Cross Capital Partners Inc., [Member] | Accredited Investor [Member]
Notes payable					$ 10,000
Convertible Note Agreement [Member] | Auctus Private Equity Fund LLC [Member] | Accredited Investor [Member]
Notes payable				$ 97,000

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Derivative Liabilities (Details Narrative) - USD ($)	9 Months Ended
	Aug. 31, 2018	Nov. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative liability	$ 234,595	$ 362,091
Increase in derivative liabilities	63,960
Change in fair value of derivative liabilities	$ 228,896

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Derivative Liabilities - Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)	Aug. 31, 2018	Nov. 30, 2017
Derivative liabilities on conversion feature	$ 234,595
Total derivative liabilities	234,595	$ 362,091
Carrying Value [Member]
Derivative liabilities on conversion feature	234,595
Total derivative liabilities	234,595
Level 1 [Member]
Derivative liabilities on conversion feature
Total derivative liabilities
Level 2 [Member]
Derivative liabilities on conversion feature
Total derivative liabilities
Level 3 [Member]
Derivative liabilities on conversion feature	234,595
Total derivative liabilities	$ 234,595

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Derivative Liabilities - Summary of Changes in Fair Value of Level 3 Financial Liabilities (Details)	9 Months Ended
	Aug. 31, 2018 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value, beginning balance	$ 362,091
Additions	63,960
Change in fair value	(191,457)
Transfers in and/or out of Level 3
Fair value, ending balance	$ 234,595