SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Nov. 30, 2021

Schedule of Company and its subsidiaries at the end of the reporting period

	Incorporation		Percentage owned
			2021			2020			2019
Liquid Media Group (Canada) Ltd. (“Liquid Canada”)		Canada		100	%		100	%	100	%
Companies owned by Liquid Canada:
Majesco Entertainment Company (“Majesco)		USA		0	%		0	%	51	%
Liquid Media Production Funding Ltd. (“Liquid Production Funding”)		Canada		100	%		0	%	0	%
Liquid Media Group (US) Inc. (“Liquid US”)		USA		100	%		0	%	0	%
Liquid Media Merger Sub 2, Inc. (“Liquid Merger Sub 2”)		USA		100	%		0	%	0	%
Liquid Media Merger Sub 3, Inc. (“Liquid Merger Sub 3”)		USA		100	%		0	%	0	%
IndieFlix Group, Inc. (“IndieFlix”)		USA		100	%		0	%	0	%
Companies controlled by IndieFlix:
RACE, LLC		USA		100	%		0	%	0	%

Schedule of Equipment

Computer equipment	30%
Vehicles	30%

Schedule of estimated useful lives of intangible assets

Video game catalogues (years)	15
Platform coding (years)	3
Brands	indefinite
Distribution libraries (years)	10