RELATED PARTY NOTES PAYABLE	9 Months Ended
Aug. 31, 2021
Debt Disclosure [Abstract]
RELATED PARTY NOTES PAYABLE	NOTE 4 – RELATED PARTY NOTES PAYABLE All of the Company’s financing has come from its Court appointed receiver, Custodian Ventures, LLC. As of August 31, 2021, Custodian Ventures had lent $19,701 to the Company in the form of an interest-free demand loan. This loan was forgiven pursuant to the issuance of Preferred Stock to Custodian Ventures discussed in Note 3 above. Subsequent to this loan forgiveness, Custodian Ventures funded an additional $22,098 during the three months ended August 31, 2021. As of August 31, 2021 the balance due to Custodian Ventures was $22,098

RELATED PARTY NOTES PAYABLE

9 Months Ended

Aug. 31, 2021

NOTE 4 – RELATED PARTY NOTES PAYABLE

All of the Company’s financing has come from its Court appointed receiver, Custodian Ventures, LLC. As of August 31, 2021, Custodian Ventures had lent $19,701 to the Company in the form of an interest-free demand loan. This loan was forgiven pursuant to the issuance of Preferred Stock to Custodian Ventures discussed in Note 3 above. Subsequent to this loan forgiveness, Custodian Ventures funded an additional $22,098 during the three months ended August 31, 2021. As of August 31, 2021 the balance due to Custodian Ventures was $22,098

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

One 4 Art Ltd 10-Q