v3.10.0.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	May 31, 2016	Nov. 30, 2015
Current assets:
Cash	$ 2,562	$ 405
Accounts receivable, related party	17,222	17,222
Notes receivable	103,659
Other current assets	8,078	705
Total current assets	131,521	18,332
Notes receivable, net of discount of $53,159	271,841
Total assets	403,362	18,332
Current liabilities:
Accounts payable and accrued expenses	145,519	105,137
Accounts payable and accrued expenses, related party	198,209	63,699
Accrued interest on convertible and promissory notes payable	213,165	71,867
Derivative warrant liabilities	24,900
Convertible notes payable, net of discount of $33,650 and $202,325, respectively	1,928,334	1,729,987
Notes payable, net of discount of $68,369 and $19,294, respectively	510,706	135,031
Notes payable, related party, net of discount of $2,800	38,137
Total current liabilities	3,058,970	2,105,721
Convertible notes payable, net of discount of $165,683	206,053
Derivative warrant liabilities	8,054
Total liabilities	3,273,077	2,105,721
Stockholders' Deficit:
Common stock, $0.001 par value: 75,000,000 shares authorized; 6,842,254 and 6,309,635 shares issued and outstanding at May 31, 2016 and November 30, 2015, respectively	6,843	6,310
Additional paid-in capital	1,326,633	1,119,118
Accumulated deficit	(4,203,191)	(3,212,817)
Total stockholders' deficit	(2,869,715)	(2,087,389)
Total liabilities and stockholders' deficit	403,362	18,332
Class A Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock
Preferred Class B [Member]
Stockholders' Deficit:
Preferred stock

Amount for accounts payable and accrued expenses to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Amount of receivables arising from transactions with related parties due within one year or the normal operating cycle, if longer.

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Convertible Notes Payable, excluding current portion. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder.

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Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

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Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.

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AVALANCHE INTERNATIONAL, CORP. 10-Q