UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-K



☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



For
the fiscal year ended November 30, 2021



☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



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      |  | (IRS
    Employer      
|of
    Incorporation or Organization) |  | Identification
    No.)



|Parker
    Towers, 104-60, Queens Boulevard
    12th
    Floor Forest Hills, New York |  | 11375         
|------------------------------------------------------------------------------------- |  | --------------
|(Address
    of Principal Executive Offices)                                          |  | (Zip
    Code)



Registrant’s
Telephone Number, Including Area Code: (347) 242-3148



Securities
registered pursuant to Section 12(b) of the Act:



|Title
    of Each Class                     |  | Name
    of Each Exchange on Which Registered
|------------------------------------------- |  | ---------------------------------------------
|Common
    Stock, $.001 par value per share |  | Over-the
    Counter                         



Securities
registered pursuant to Section 12(g) of the Act: None



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No
☒



Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No
☒



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 if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. ☐



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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company”
in Rule 12b-2 of the Exchange Act. (check one):



|☐ Large accelerated filer |  | ☐
    Accelerated filer |  | ☐
    Non-accelerated filer                       |  | ☒
    Smaller reporting company
|------------------------- |  | ----------------------- |  | ------------------------------------------------- |  | -------------------------------
|                          |  |                         |  | (Do
    not check if a smaller reporting company) |  |                                



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]



The
aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of May 31, 2021 based upon
the closing price as of such date was $_____.



As
of March __, 2022, _____ shares of the registrant’s common stock, par value $0.001 per share, were outstanding.






















Table
of Contents



|10-K
    - DANIELS CORPORATE ADVISORY COMPANY, INC. 10-K |                                                                                                              
|-------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------
|                                                         |                                                                                                              
|PART
    I                                               |                                                                                                              
|                                                         |                                                                                                              
|Item
    1.                                              | Business.                                                                                                    
|Item
    1A.                                             | Risk Factors.                                                                                                
|Item
    1B.                                             | Unresolved Staff Comments.                                                                                   
|Item
    2.                                              | Properties.                                                                                                  
|Item
    3.                                              | Legal Proceedings.                                                                                           
|Item
    4.                                              | Mine Safety Disclosures.                                                                                     
|                                                         |                                                                                                              
|PART II                                                  |                                                                                                              
|                                                         |                                                                                                              
|Item
    5.                                              | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
|Item
    6.                                              | Selected Financial Data.                                                                                     
|Item
    7.                                              | Management’s Discussion and Analysis of Financial Condition and Results of Operations.                       
|Item
    7A.                                             | Quantitative and Qualitative Disclosures About Market Risk.                                                  
|Item
    8.                                              | Financial Statements and Supplementary Data.                                                                 
|Item
    9.                                              | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.                        
|Item
    9A.                                             | Controls and Procedures.                                                                                     
|Item
    9B.                                             | Other Information.                                                                                           
|                                                         |                                                                                                              
|PART III                                                 |                                                                                                              
|                                                         |                                                                                                              
|Item
    10.                                             | Directors, Executive Officers and Corporate Governance.                                                      
|Item
    11.                                             | Executive Compensation.                                                                                      
|Item
    12.                                             | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.              
|Item
    13.                                             | Certain Relationships and Related Transactions, and Director Independence.                                   
|Item
    14.                                             | Principal Accountant Fees and Services.                                                                      
|                                                         |                                                                                                              
|PART IV                                                  |                                                                                                              
|                                                         |                                                                                                              
|SIGNATURES                                               | 30                                                                                                           



2









Item
1. Business.



Overview



Daniels
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 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 joint-venture, consensus-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



The
Company is operating through the corporate strategy segment of its business. It is attempting to build its own critical mass by creation
of start-up subsidiaries it believes have promise/potential. The stated goal is for the parent (DCAC) company to consolidate the critical
mass of the subsidiary/start-ups with that of the parent for eventually listing on a major stock exchange. We have continued to focus
our efforts on the build-out of the Daniels corporate strategy model. We constantly fine tune our strategy as it relates to the development
of subsidiary start-ups and potential acquisitions for common stock. We concentrate on identifying projects that have the potential to
produce significant earnings and multiple the potential of those results through leverage. This acceleration of levered growth and the
acceptance of the risks associated, expedites the formation of the critical mass necessary to up-list.



As
a result, we formed Payless Truckers, Inc. (“Payless”), a wholly-owned subsidiary incorporated in the State of Nevada on
April 11, 2018. Payless is a start-up service company in the trucking industry. It has two business segments with its launch and current
results coming from the “flip” segment, which principal business is to acquire class 8 heavy duty trucks, refurbish them,
add location electronics, advertise and sell to independent drivers and operators. The second segment is the “credit rebuilding
segment” where class 8 heavy duty trucks, owned by Daniels/Payless, are rented to experienced independent drivers. These independents
rent for a period of up to five years and have the option to buy the vehicle at retail value every six months. In an effort to grow quickly
and profitably, Daniels entered into an operating agreement with a senior operating management team in an effort to drive the business
and better realize its earnings and growth potential.



3









The
Payless two-segment trucking model has weathered many storms, including the Coronavirus and has grown stronger. Its operating model of
a streamlined trucking service company continues to be refined. It is now one Daniels believes will survive any potential future slow-downs
in the economy. The model was developed to allow for the maximum utilization of each truck.



We
hope to further enhance our plan for growth beginning in our fourth 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.



Business
Strategy - Current Operational Strategy & Current Client Projects:



Daniels
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 US 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 project team believes are needed in a joint venture, consensus – controlled, undertaking 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 a 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.



A
similar effort will be provided to tailor an optimum growth program for the private company client, whether it chooses to remain private
or to become a public company through alternative merger opportunities.



OPTIMUM
GROWTH STRATEGY:



Daniels
is confident that the validity of its corporate strategy model will be proven further through the success of its initial subsidiary incubation,
Payless Truckers, Inc. The growing momentum of this cash flow engine should generate the interest of long-term straight debt financing
sources. This “collective approach” to growth should provide initial seed capital for other startup subsidiaries or the acquisition
and joint development of early-stage companies.



Daniels
plans to use its publicly traded common stock in a variety of securities packages, including convertible preferred stock and warrants,
to launch promising subsidiary start-ups, initially for generic sales/profits growth. Subsequent growth options noted above will be applied
as external growth becomes a secondary goal. This method of two stage (generic and then external) growth is designed to leave existing
client management with commanding equity and operating control positions. Eventually an optimum exit strategy will be developed for the
subsidiary; one that returns a significant return on corporate (parent) capital.



The
choices of optimum exit strategies could include bringing a subsidiary public, directly through a spin-off strategy or merging it with
an exchange listed public company. The use of a collective cash flow and profits will allow expansion in one of the more profitable niches
of any market designated for expansion. The same corporate strategy model can/will be applied to any independent mini-cap public client.



Senior
management believes our corporate strategy business model to be scalable. We continue to add to our networks, both talent and capital
and can expand support staff as client additions warrant it. Based upon the success of our strategy model in initial corporate consulting
assignments – causing the listing of our stock on a major Stock Exchange, Daniels may entertain the creation of a franchising plan
for key US cities and foreign capitals that are finance centers.



Sales
and Marketing



Daniels
senior management will concentrate its efforts to expand its corporate strategy and financial advisory services and related specialties
in the mini-cap segment of the private and public markets, where Daniels believes it will be effective. Marketing efforts will increase
through social and print media efforts and will be in addition to those methods already mentioned herein.



Daniels’
objective is to create and help manage implementation of accelerated expansion strategies and in so doing, aid in the creation of financing
alternatives to accomplish client goals.



Competition



Existing
and new competitors will continue to improve their services and introduce new services with competitive price and performance characteristics.



Our
“collective” corporate financial service offerings will be expanded as our cash flow and following on social media grows.
Merchant banking/private equity would be obvious additions. These financial services are competitive but fragmented in the Company’s
market niche. While there are limited barriers to entry and new better capitalized competitors frequently enter the market, management
believes our being very selective in client/candidate choice and tailoring our model to fit the specific client needs at competitive
pricing will give us a competitive advantage.



4









Item
1A. Risk Factors.



An
investment in our Common Stock is highly speculative, involves a high degree of risk and should be considered only by those persons who
are able to afford a loss of their entire investment. In evaluating our business, prospective investors should carefully consider the
following risk factors in addition to the other information included in this Annual Report.



Risks
Relating to Our Business



We
have a limited operating history which may not serve as an adequate basis to judge our future prospects and results of operations.



Daniels
Corporate Advisory Company, Inc., which was incorporated on August 22, 2002, has a limited operating history upon which an evaluation
of our future performance and prospects can be made. We have a limited revenue history. Our prospects must be considered in light of
the risks, expenses, delays, problems and difficulties frequently encountered in the establishment of a new business. As an investor
in early-stage operating companies,Daniels Corporate Advisory faces risks and uncertainties relating to its ability to successfully
implement its business plan, which are described in more detail below.



Since
inception, as a subsidiary of INfe Human Resources, Inc., Daniels Corporate Advisory has always been an operating company, furnishing
its advisory services to all phases of operations, finance and in the management of the staffing industry roll-up for its parent company
for which revenues were eliminated during consolidations.



Limited
revenues and ongoing losses.



While
Daniels is still considered a Company with limited revenues, it has formed a wholly-owned subsidiary that is estimated to change things
over the next 18 to 24 months; including booking profits with accelerating sales revenue. All the start-up costs of the Payless Truckers,
Inc. subsidiary were absorbed in our 2018 fiscal year.



Our
business strategy is unproven and our prospects must be considered speculative.



Our
business strategy is unproven, even though our Payless Truckers, Inc. subsidiary is producing positive results with an established momentum,
and we may not be successful in addressing early-stage challenges, such as establishing our position in the market and developing effective
marketing of our services. To implement our business plan, capital may be provided from existing and possibly new consulting business
revenue and through outside financing. We have not yet located additional financing to implement our business plan in its entirety. Growth
may be very limited and based solely on internally generated cash flow from Payless Truckers and on compensation from small, consulting
assignments with no guarantee of obtaining additional assignments over the next twelve months. The other potential growth segment of
our business plan, after the Payless Truckers model is proven further, is the acquisition of marketing rights for our services through
the client networks of other business services companies. This will only occur if we can obtain outside financing. Internally generated
funds, alone, will not be sufficient to implement this phase of our business plan.



5









Our
prospects must be considered speculative, considering the risks, expenses, and difficulties frequently encountered in the establishment
of a new business, specifically the risks inherent in developmental stage companies. We expect to continue to incur significant operating
and capital expenditures and, as a result, we expect significant net losses in the future. It is possible that we will not be able to
achieve profitable operations or, if profitability is achieved, that it will be maintained for any significant period, or at all.



The
JOBS Act allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private
companies.



Since,
we have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1)
of the JOBS Act, this election allows us 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 this election, our financial statements
may not be comparable to companies that comply with public company effective dates.



We
have different disclosure requirements than other public companies as an Emerging Growth Company (EGC).



Pursuant
to Section 107 of the Jumpstart Our Business Startups Act (the “JOBS Act”) which was signed into law on April 5, 2012, we
have elected to claim the exemption provided to emerging growth companies.



The
JOBS Act provides an “IPO on ramp” for “emerging growth companies” (a newly created category of issuer under
the Securities Act), which are issuers with annual gross revenues of less than $1 billion during the most recently completed fiscal year.
Emerging growth companies may take advantage of the scaled disclosure requirements that already have been available to “smaller
reporting companies” (defined by the Securities Act as companies having a public float of less than $75 million). The scaled disclosure
includes a requirement to include only two, rather than three, years of audited financial statements in the issuer’s initial public
offering (“IPO”) registration statement and, during the “IPO on ramp” period, the ability to omit the auditor’s
attestation on internal control over financial reporting required by the Sarbanes-Oxley Act of 2002.



Also,
during the “IPO on ramp” period, emerging growth companies would not need to submit say-on-pay votes to their stockholders
(including say-on-pay frequency or golden parachute votes) and would face more limited executive compensation disclosure requirements
than larger companies.



We
may not be successful in the implementation of our business strategy or our business strategy may not be successful, either of which
will impede our development and growth.



Daniels
Corporate Advisory is engaged in the business of offering corporate financial consulting services, including referrals for capital referral
and merchant banking services. In some situations, it may use its own funds to help in the launch of a client.



We
do not know whether we will be able to continue successfully implementing our business strategy or whether our business strategy will
ultimately be successful. In assessing our ability to meet these challenges, a potential investor should take into account our lack of
operating history, our management’s relative inexperience, the competitive conditions existing in our industry and general economic
conditions. Our growth is largely dependent on our ability to successfully implement our business strategy. Our revenues may be adversely
affected if we fail to implement our business strategy or if we divert resources to a business strategy that ultimately proves unsuccessful.



6









Our
service offerings may not be accepted.



We
constantly seek to modify our service offerings to the marketplace. As is typically the case evolving service offerings, anticipation
of demand and market acceptance are subject to a high level of uncertainty. The success of our service offerings primarily depends on
the interest of our customers. In general, achieving market acceptance for our services will require substantial marketing efforts and
the expenditure of significant funds, which we may not have available, to create awareness and demand among customers.



We
have limited marketing experience, and have extremely limited financial, personnel and other resources to undertake extensive marketing
activities. Accordingly, we are uncertain as to the acceptance of any of our services or our ability to generate the revenues necessary
to remain in business.



Risks
associated with our ability to manage expansion through acquisitions.



The
growth of our business depends in large part on our ability to manage expansion, control costs in our operations and consolidate acquisitions
into existing operations. This strategy will entail reviewing and potentially reorganizing acquired operations, corporate infrastructure
and system and financial controls. Unforeseen expenses, difficulties, complication and delays frequently encountered in connection with
the rapid expansion of operations could inhibit our growth and adversely affect our financial condition, results of operations or cash
flow.



Risks
associated with our inability to identify suitable acquisition or subsidiary/spin-off candidates.



We
may be unable to identify acquisition candidates that would result in the most successful combinations or be unable to consummate acquisitions
on acceptable terms. The magnitude, timing and nature of future acquisitions will depend upon various factors, including our success
in establishing the corporate development “pilot programs” for consulting clients as a viable means of growth acceleration,
the availability of suitable acquisition candidates that have the client base suitable for cross-marketing opportunities, the negotiation
of acceptable terms, our financial capabilities, the availability of skilled employees to manage acquired companies and general economic
and business conditions.



We
may be unable to obtain financing for the acquisitions or subsidiary/spin-offs that are available to us.



We
are currently attempting to obtain financing for our corporate financial consulting and or primary operating subsidiary as well as for
acquisition opportunities which could result in material dilution to our existing stockholders. We may be unable to obtain adequate financing
for further development of our proposed services and for any future acquisitions, or that, if available, such financing will be on favorable
terms.



Our
future financial results are uncertain, and our operating results may fluctuate, due to, among other things, consumer trends, seasonal
fluctuations and market demand.



Our
short and sporadic operating history makes it difficult to accurately forecast our revenue. Further, we have little historical financial
data upon which to base planned operating expenses. We base our current and future expense levels on our operating plans and estimates
of future expenses. Our expenses are dependent in large part upon expenses associated with our proposed marketing expenditures and related
overhead expenses, and the costs of hiring and maintaining qualified personnel to carry out our respective services. Sales and operating
results are difficult to forecast because they will depend on the growth of our customer base, changes in customer demands and consumer
trends, the degree of utilization of our advertising services as well as the mix of services and services sold. As a result, we may be
unable to make accurate financial forecasts and adjust our spending in a timely manner to compensate for any unexpected revenue shortfall.
This inability could cause our net losses in a given quarter to be greater than expected.



We
rely on the services of Arthur D. Viola.



Our
business relies mainly on the efforts and talents of our Chairman and director, Arthur D. Viola. The loss of his services could have
a very negative impact on our ability to fulfill our business plan. During our 2019 fiscal year and subsequently, the Company’s
senior management team has been expanded so that “continuity of management purpose” will be achieved going forward.



7









We
may fail to establish and maintain strategic relationships.



We
believe that the establishment of strategic partnerships will greatly benefit the growth of our business, and we intend to seek out and
enter into strategic alliances. We may not be able to enter into these strategic partnerships on commercially reasonable terms, or at
all. Even if we enter into strategic alliances, our partners may not attract significant numbers of customers or otherwise prove advantageous
to our business. Our inability to enter into new distribution relationships or strategic alliances could have a material and adverse
effect on our business.



We
may incur significant costs to ensure compliance with U.S. corporate governance and accounting requirements.



We
may incur significant costs associated with our public company reporting requirements, costs associated with newly applicable corporate
governance requirements, including requirements under the Sarbanes-Oxley Act of 2002 and other rules implemented by the SEC. We expect
all of these applicable rules and regulations to increase our legal and financial compliance costs and to make some activities more time-consuming
and costly. We also expect that these applicable rules and regulations may make it more difficult and more expensive for us to obtain
director and officers liability insurance and we may be required to accept reduced policy limits and coverage or incur substantially
higher costs to obtain the same or similar coverage. As a result, it may be more difficult for us to attract and retain qualified individuals
to serve on our board of directors or as executive officers. We are currently evaluating and monitoring developments with respect to
these newly applicable rules, and we cannot predict or estimate the amount of additional costs we may incur or the timing of such costs.



Risks
Relating to Our Stock



Arthur
D. Viola owns 100,000 shares of our super voting preferred stock entitling him to vote 66 2/3 percent of the common stock shares in any
common stock vote. This concentration of ownership could discourage or prevent a potential takeover of Daniels Corporate Advisory that
might otherwise result in our stockholders receiving a premium over the market price for their common stock.



Mr.
Viola owns 152,334 shares of our common stock as well as 100,000 shares of the Daniels Corporate Advisory Super-Voting preferred stock
which has voting rights equal to 66 2/3 percent of the votes in any Common Stock Election. Mr. Viola’s ownership and voting rights
in our common stock allows Mr. Viola to have voting control on all matters submitted to our stockholders for approval and to be able
to control our management and affairs, including extraordinary transactions such as mergers and other changes of corporate control, and
going private transactions. Additionally, this concentration of voting power could discourage or prevent a potential takeover of Daniels
Corporate Advisory that might otherwise result in our stockholders receiving a premium over the market price for their common stock.



The
stated listing requirements for the OTCBB are as follows:



| | ● | Fully
    reporting with the Securities and Exchange Commission;                                                                                               
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                
| | ● | Not
    a blank check or inactive company;                                                                                                                     
| |   |                                                                                                                                                                
| | ● | Minimum
    of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up);                              
| |   |                                                                                                                                                                
| | ● | Directors,
    officers, and stockholders will be scrutinized for previous involvements in other OTCBB companies, in particular, blank check companies;
    and
| |   |                                                                                                                                                                
| | ● | Must
    have a market maker submit a Rule 15c211 application to FINRA and agree to act as market maker for securities of company.                             



Even
if our shares become publicly quoted, they may not be “free-trading.”



Investors
should understand that their shares of our common stock will not become “free-trading” merely because Daniels Corporate Advisory
is a publicly-quoted company. In order for the shares to become “free-trading,” the shares must be registered, or entitled
to an exemption from registration under applicable law. See “Shares Eligible for Future Sale.”



8









We
may need to raise additional capital. If we are unable to raise necessary additional capital, our business may fail or our operating
results and our stock price may be materially adversely affected.



Because
we are a newly operational company, we need to secure adequate funding. Selling additional stock, either privately or publicly, would
dilute the equity interests of our stockholders. If we borrow more money, we will have to pay interest and may also have to agree to
restrictions that limit our operating flexibility. If we are unable to obtain adequate financing, we may have to curtail our operations
and our business would fail.



Our
issuance of additional common stock in exchange for services or to repay debt would dilute our stockholders’ proportionate ownership
and voting rights and could have a negative impact on the market price of our common stock.



Our
Chairman, Mr. Viola, may generally issue shares of common stock to pay for debt or services, without further approval by our stockholders
based upon such factors as our board of directors may deem relevant at that time. It is likely that we will issue additional securities
to pay for services and reduce debt in the future. It is possible that we will issue additional shares of common stock under circumstances
we may deem appropriate at the time.



We
have never paid or declared any dividends on our common stock.



We
have never paid or declared any dividends on our common stock. Likewise, we do not anticipate paying, dividends or distributions on our
common stock or our common stock to be sold in this offering. Any future dividends will be declared at the discretion of our board of
directors and will depend, among other things, on our earnings, our financial requirements for future operations and growth, and other
facts as we may then deem appropriate.



Our
directors have the right to authorize the issuance of shares of our preferred stock and additional shares of our common stock.



Our
Board of Directors, within the limitations and restrictions contained in our articles of incorporation and without further action by
our stockholders, has the authority to issue shares of preferred stock from time to time in one or more series and to fix the number
of shares and the relative rights, conversion rights, voting rights, and terms of redemption, liquidation preferences and any other preferences,
special rights and qualifications of any such series. We currently have no intention of issuing additional shares of preferred stock.
Any additional issuance of shares of preferred stock could adversely affect the rights of holders of our common stock.



Should
we issue additional shares of our common stock, each investor’s ownership interest in our stock would be proportionally reduced.
No investor will have any preemptive right to acquire additional shares of our common stock, or any of our other securities.



If
our shares become publicly quoted and our shares are quoted on the Pink Sheets or the OTCBB, and we fail to remain current in our reporting
requirements, we could be removed from the OTCBB, which would limit the ability of broker-dealers to sell our securities and the ability
of stockholders to sell their securities in the secondary market.



Companies
whose shares are quoted for sale on the OTCBB and some whose shares are quoted for sale on the Pink Sheets must be reporting issuers
under Section 12 of the Exchange Act and must be current in their reports under Section 13 of the Exchange Act, to maintain price quotation
privileges on the Pink Sheets and OTCBB. If our shares become publicly quoted and our shares are quoted for sale on the OTCBB, and we
fail to remain current in our reporting requirements, we could be removed from the OTCBB. As a result, the market liquidity for our securities
could be adversely affected by limiting the ability of broker-dealers to sell our securities and the ability of stockholders to sell
their securities in the secondary market.



9









If
our shares become publicly quoted, the market price for our common stock will most likely be particularly volatile given our status as
a relatively unknown company with a small and thinly quoted public float, limited operating history and lack of net revenues which could
lead to wide fluctuations in our share price. The price at which stockholders purchase our common stock may not be indicative of the
price that will prevail in the trading market.



If
our shares become publicly quoted, the market for our common stock will most likely be characterized by significant price volatility
when compared to seasoned issuers, and we expect that our share price will be more volatile than a seasoned issuer for the indefinite
future. The volatility in our share price would be attributable to several factors. First, as noted above, the shares of our common stock
will likely be sporadically and/or thinly quoted. As a consequence of this lack of liquidity, the trading of relatively small quantities
of shares by our stockholders may disproportionately influence the price of those shares in either direction. The price for our shares
could, for example, decline precipitously if shares of our common stock are sold on the market without commensurate demand, as compared
to a seasoned issuer which could better absorb those sales without adverse impact on its share price.



Secondly,
we will most likely be a speculative or “risky” investment due to our dependence on an initial flow of corporate consulting
assignments and their implementation producing positive results to attract new clients. Because of this enhanced risk, more risk-adverse
investors may, under the fear of losing all or most of their investment in the event of negative news or lack of progress, be more inclined
to sell their shares on the market more quickly and at greater discounts than would be the case with the stock of a seasoned issuer.



There
may be periods of several days or more when trading activity in our shares is minimal or non-existent, as compared to a mature issuer
which has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on share
price. It is possible that a broader or more active public trading market for our common stock will not develop or be sustained, or that
current trading levels will continue.



Shares
eligible for future sale by our current stockholders may adversely affect our stock price.



The
sale of a significant number of shares of common stock at any particular time could be difficult to achieve at the market prices prevailing
immediately before such shares are offered. In addition, sales of substantial amounts of common stock, including shares issued upon the
exercise of outstanding options and warrants, under Securities and Exchange Commission Rule 144 or otherwise could adversely affect the
prevailing market price of our common stock and could impair our ability to raise capital at that time through the sale of our securities.



Anti-takeover
provisions may impede the acquisition of Daniels Corporate Advisory.



Certain
provisions of the Nevada Revised Statutes have anti-takeover effects and may inhibit a non-negotiated merger or other business combination.
These provisions are intended to encourage any person interested in acquiring Daniels Corporate Advisory to negotiate with, and to obtain
the approval of, our Chairman, Mr. Viola, in connection with such a transaction. As a result, certain of these provisions may discourage
a future acquisition of Daniels Corporate Advisory, including an acquisition in which the stockholders might otherwise receive a premium
for their shares.



Our
stockholders may be unable to sell their common stock at or above their purchase price, which may result in substantial losses.



The
following factors may add to the volatility in the price of our common stock: actual or anticipated variations in our quarterly or annual
operating results; government regulations, announcements of significant acquisitions, strategic partnerships or joint ventures; our capital
commitments; and additions or departures of our key personnel. Many of these factors are beyond our control and may decrease the market
price of our common stock, regardless of our operating performance. We cannot make any predictions or projections as to what the prevailing
market price for our common stock will be at any time, including as to whether our common stock will sustain the current market price,
or as to what effect the sale of shares or the availability of common stock for sale at any time will have on the prevailing market price.





We
may need to raise additional capital. If we are unable to raise necessary additional capital, our business may be negatively impacted
or our operating results and our stock price may be materially adversely affected.



We
may need to secure adequate funding. If we are unable to obtain adequate funding, we may not be able to successfully develop and market
our proposed products and our business will most likely fail. We do not have commitments for additional financing. To secure additional
financing, we may need to borrow money or sell more securities, which may reduce the value of our outstanding securities. We may be unable
to secure additional financing on favorable terms or at all.



10









Selling
additional stock, either privately or publicly, would dilute the equity interests of our stockholders. If we borrow more money, we will
have to pay interest and may also have to agree to restrictions that limit our operating flexibility. If we are unable to obtain adequate
financing, we may have to curtail business operations, which would have a material negative effect on operating results and most likely
result in a lower stock price.



If
our shares become publicly quoted, an active trading market in our shares may not be sustained.



If
our shares become publicly quoted, an active trading market in our shares may not be sustained. Factors such as those discussed in this
“Risk Factors” section may have a significant impact upon the market price of the securities to be distributed by us. Many
brokerage firms may not be willing to participate in transactions in a security if a low price develops in the trading of the security.
Even if a purchaser finds a broker willing to effect a transaction in our securities, the combination of brokerage commissions, state
transfer taxes, if any, and any other selling costs may exceed the selling price. Further, many lending institutions will not permit
the use of our securities as collateral for any loans.



If
our shares become publicly quoted, our common stock will most likely be subject to the “penny stock” rules of the Securities
and Exchange Commission, and the trading market in our common stock will be limited, which would make transactions in our stock cumbersome
and may reduce the investment value of our stock.



If
our shares become publicly quoted, our shares of common stock will most likely be “penny stocks” because they most likely
will not be registered on a national securities exchange or listed on an automated quotation system sponsored by a registered national
securities association, pursuant to Rule 3a51-1(a) under the Exchange Act. For any transaction involving a penny stock, unless exempt,
the rules require:



| | ● | That
    a broker or dealer approve a person’s account for transactions in penny stocks; and                                                                                                                                       
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                    
| | ● | That
    the broker or dealer receives from the investor a written agreement to the transaction, setting forth the identity and quantity of
    the penny stock to be purchased.                                                   
| |   |                                                                                                                                                                                                                                    
| | ● | The
    broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the Securities
    and Exchange Commission relating to the penny stock market, which, in highlight form:
| |   |                                                                                                                                                                                                                                    
| | ● | Sets
    forth the basis on which the broker or dealer made the suitability determination; and                                                                                                                                     
| |   |                                                                                                                                                                                                                                    
| | ● | That
    the broker or dealer received a signed, written agreement from the investor prior to the transaction.                                                                                                                     



Generally,
brokers may be less willing to execute transactions in securities subject to the “penny stock” rules. This may make it more
difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.



Disclosure
also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions
payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies
available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent
price information for the penny stock held in the account and information on the limited market in penny stocks.



11









The
market for penny stocks has suffered in recent years from patterns of fraud and abuse.



Stockholders
should be aware that, according to SEC Release No. 34-29093, the market for penny stocks has suffered in recent years from patterns of
fraud and abuse. Such patterns include:



| | ● | Control
    of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer;                                                                                                                     
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                 
| | ● | Manipulation
    of prices through prearranged matching of purchases and sales and false and misleading press releases;                                                                                                                         
| |   |                                                                                                                                                                                                                                                 
| | ● | Boiler
    room practices involving high-pressure sales tactics and unrealistic price projections by inexperienced salespersons;                                                                                                                
| |   |                                                                                                                                                                                                                                                 
| | ● | Excessive
    and undisclosed bid-ask differential and markups by selling broker-dealers; and                                                                                                                                                   
| |   |                                                                                                                                                                                                                                                 
| | ● | The
    wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired level, along
    with the resulting inevitable collapse of those prices and with consequential investor losses.



Our
management is aware of the abuses that have occurred historically in the penny stock market. Although we do not expect to dictate the
behavior of the market or of broker-dealers who participate in the market, if our shares become publicly quoted, management will strive
within the confines of practical limitations to prevent the described patterns from being established with respect to our securities.
The occurrence of these patterns or practices could increase the volatility of our share price.



We
may need to raise additional funds in the future for our operations and if we are unable to secure such financing, we may not be able
to support our operations.



Future
events, including the problems, delays, expenses and difficulties frequently encountered by growing companies, may lead to cost and expense
increases that could make our revenues insufficient to support our operations and business plans. We may seek additional capital, including
an offering of our equity securities, an offering of debt securities or obtaining financing through a bank or other entity. We have not
established a limit as to the amount of debt we may incur nor have we adopted a ratio of our equity to a debt allowance. If we need to
obtain additional financing, there is no assurance that financing will be available from any source, that it will be available on terms
acceptable to us, or that any future offering of securities will be successful.



We
may seek additional financing which may result in the issuance of additional shares of our common stock and/or rights to acquire additional
shares of our common stock. The issuance of our common stock in connection with such financing may result in substantial dilution to
the existing holders of our common stock who do not have anti-dilution rights. Our business, financial condition and results of operations
could suffer adverse consequences if we are unable to obtain additional capital when needed.



Our
common stock may be affected by limited trading volume and may fluctuate significantly.



Our
common stock has experienced, and is likely to experience in the future, significant price and volume fluctuations which could reduce
the market price of our common stock without regard to our operating performance. In addition, we believe that factors such as quarterly
fluctuations in our financial results and changes in the overall economy or the condition of the financial markets could cause the price
of our common stock to fluctuate substantially.



Nevada
law and our certificate of incorporation may protect our directors from certain types of lawsuits which could result in liability for
Daniels and negatively impact our liquidity or operations.



Nevada
law provides that our officers and directors will not be liable to us or our stockholders for monetary damages for all but certain types
of conduct as officers and directors. Our Bylaws permit us broad indemnification powers to all persons against all damages incurred in
connection with our business to the fullest extent provided or allowed by law. These exculpation provisions may have the effect of preventing
stockholders from recovering damages against our officers and directors caused by their negligence, poor judgment or other circumstances.
The indemnification provisions may require us to use our limited assets to defend our officers and directors against claims, including
claims arising out of their negligence, poor judgment, or other circumstances.



12









If
we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results. As a result,
current and potential stockholders could lose confidence in our financial reporting, which could harm our business and the trading price
of our common stock.



We
are subject to reporting obligations under the U.S. securities laws. The Securities and Exchange Commission as required by Section 404(a)
of the Sarbanes-Oxley Act of 2002, adopted rules requiring every public company to include a management report on such company’s
internal controls over financial reporting in its annual report, which contains management’s assessment of the effectiveness of
the company’s internal controls over financial reporting. Since our election to be treated as an emerging growth company we are
exempt from Section 404(b) which is an independent registered public accounting firm attesting to and reporting on management’s
assessment of the effectiveness of the company’s internal controls over financial reporting. Our management may conclude that our
internal controls over our financial reporting are not effective. Moreover, even if our management concludes that our internal controls
over financial reporting are effective, our independent registered public accounting firm may still decline to attest to our management’s
assessment or may issue a report that is qualified if they are not satisfied with our controls or the level at which our controls are
documented, designed, operated or reviewed, or if it interprets the relevant requirements differently from us.



Our
reporting obligations as a public company will place a significant strain on our management, operational and financial resources and
systems for the foreseeable future. If we fail to timely achieve and maintain the adequacy of our internal controls, we may not be able
to conclude that we have effective internal controls over financial reporting at a reasonable assurance level. Moreover, effective internal
controls over financial reporting are necessary for us to produce reliable financial reports and are important to help prevent fraud.
As a result, our failure to achieve and maintain effective internal controls over financial reporting could result in the loss of investor
confidence in the reliability of our financial statements, which in turn could harm our business and negatively impact the trading price
of our common stock. Furthermore, we anticipate that we will incur considerable costs and use significant management time and other resources
in an effort to comply with Section 404(a) and other requirements of the Sarbanes-Oxley Act. As of the date of this report we do not
have an estimate of the costs to the company of compliance with the Act.



We
are preparing for compliance with Section 404(a) by strengthening, assessing and testing our system of internal controls to provide the
basis for our report. The process of strengthening our internal controls and complying with Section 404(a) is expensive and time consuming
and requires significant management attention. We cannot be certain that these measures will ensure that we will maintain adequate controls
over our financial processes and reporting in the future. Furthermore, as we rapidly grow our business, our internal controls will become
more complex and will require significantly more resources to ensure our internal controls overall remain effective. Failure to implement
required new or improved controls, or difficulties encountered in their implementation, could harm our operating results or cause us
to fail to meet our reporting obligations. If we or our auditors discover a material weakness, the disclosure of that fact, even if quickly
remedied, could reduce the market’s confidence in our financial statements and harm our stock price.



Item
1B. Unresolved Staff Comments.



None.



Item
2. Properties.



Daniels
Corporate Advisory’s operational headquarters are located at Parker Towers, 104-60, Queens Boulevard, 12th Floor, Forest Hills,
New York 11375. Our office space is provided by Arthur D. Viola, our chairman, director, and controlling stockholder at a monthly rate
of approximately $2,100. As our business grows, we may be forced to move to other offices and pay more rent. We believe that our existing
facilities are adequate for our current needs for the foreseeable future and if additional space is needed, it would be available on
favorable terms at an acceptable location.



Payless
Truckers’ operating facility is located at 15138 Mills Road, Gulfport, Missouri 39503. The monthly rental rate is $2,500 over a
two-year term.



Item
3. Legal Proceedings.



We
are not currently a party to any material legal proceedings. Our counsel has no formal knowledge in the form of filings of any pending
or contemplated litigation, claims or assessments. With regard to matters recognized to involve an unasserted possible claim or assessment
that may call for financial statement disclosure and to which counsel has formed a professional conclusion that the Company should disclosure
or consider disclosure concerning such possible claims or assessment, as a matter of professional responsibility to the Company, counsel
will so advise and will consult with the company concerning the question of such disclosure and the applicable requirements of Statement
of Financial Accounting Standard No. 5. To date, counsel has no formal knowledge of any unasserted possible claims.



Item
4. MINE SAFETY DISCLOSURES.



Not
applicable to the Company.



13









PART
II



Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.



Market
Information and Holders



The
shares of our common stock are not currently listed for sale on any exchange, although we do plan to attempt to have our shares quoted
for sale on the “Pink Sheets” or the OTC Bulletin Board. However, there can be no assurance that we will be successful in
having our shares quoted or traded on any public market.



The
table below shows the high and low sales prices for our common stock for the periods indicated.



|                                    |  | Price Ranges |       
|----------------------------------- |  | ------------ | ------
|Fiscal Year Ended November 30, 2020 |  | High         |       
|First Quarter                       |  | $            | 0.0190
|Second Quarter                      |  |              | 0.0330
|Third Quarter                       |  |              | 0.0150
|Fourth Quarter                      |  |              | 0.0308



|Fiscal Year Ended November 30, 2021 |  |   |        |  |  |  
|----------------------------------- |  | - | ------ |  |  | -
|First Quarter                       |  | $ | 0.0190 |  |  | $
|Second Quarter                      |  |   | 0.0330 |  |  |  
|Third Quarter                       |  |   | 0.0150 |  |  |  
|Fourth Quarter                      |  |   | 0.0308 |  |  |  



There
were approximately 220 holders of record of our common stock. This number does not include stockholders for whom shares were held in
“nominee” or “street name”.



Dividends



We
have never declared or paid any cash dividends on our common stock and we do not intend to pay cash dividends in the foreseeable future.
We currently expect to retain any future earnings to fund the operation and expansion of our business.



Recent
Sales of Unregistered Securities and Equity Purchases by Company



Except
as set forth below, there were no sales of equity securities during the period covered by this Annual Report that were not registered
under the Securities Act and were not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by
the Company.



14









On
September 2, the Company issued 15,588,235 shares of its common stock in exchange for the conversion of $26,500 of Series B convertible
preferred stock and accrued dividends.



On
September 3, 2021, the Company issued 11,535,294 shares of its common stock in exchange for the conversion of $19,610 of Series B convertible
preferred stock and accrued dividends.



On
September 9, 2021, the Company issued 18,320,200 shares of its common stock in exchange for the conversion of $18,320 of convertible
debt principal and accrued interest.



On
September 28, 2021, the Company issued 32,332,000 shares of its common stock in exchange for the conversion of $32,332 of convertible
debt principal and accrued interest.



On
October 25, 2021, the Company issued 33,945,400 shares of its common stock in exchange for the conversion of $38,019 of convertible debt
principal and accrued interest.



On
November 15, 2021, the Company issued 35,639,300 shares of its common stock in exchange for the conversion of $22,809 of convertible
debt principal and accrued interest.



On
November 29, 2021, the Company issued 29,444,444 shares of its common stock in exchange for the conversion of $21,200 of Series B convertible
preferred stock and accrued dividends.



Item
6. Selected Financial Data.



Not
applicable.



Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.



Results
for our fiscal year 2021 reflect the continued success of our incubator model and its influence on our Payless Truckers, Inc. subsidiary
has it continues to distinguish itself in the Transportation Services segment of the economy. The dislocations in the supply chain have
and for the foreseeable future will continue to contribute to our momentum. Daniels continues to umbrella the Payless expansion through
financing sources expensive in nature. The decision to continue with the financing immediately available was worth the cost. It helped
produce a banner year for Payless.

Our
November 2021 fiscal year Revenues are $4,349,259 with both flip and rental program trucks adding to the banner year. Flip revenues were
$3,506,096 and rental program truck revenue $804,377. Their combined efforts produced Gross Profits of $1,476,570 for the year. Net Profits
were $246,923 and EBITDA of $652,922. While both businesses will continue to be financed, our program rental fleet has the potential
to be scale-able and provide significant growth/results because of its predictable gross cash flow / potential earnings stream. The financing
alternatives being discussed continue to be for that purpose.



Networking
with professionals of varied capital specialties was instituted. More creative approaches continued to be discussed and models developed.
The constant selling pressure on the “DCAC” stock continued throughout the year, hampering our forward momentum. The use
of capital structure financing built upon use of the common stock was not possible. The main objective - which continued to take more
time to implement than expected - continues to be the creation of financing alternatives that can be repaid out of cash flows. There
was hesitancy on the part of mid-market financing sources to bank a Company that wanted to enter the mid-market but was not there yet.
Based on projections of our fiscal year results, which materialized, plans were made to re-visit with the top firms originally talked
to on larger, longer-term financing. This financing model should allow Daniels to continue to build the Payless subsidiary with layers
of capital, as needed to keep capital costs at a minimum. Daniels’ senior management believes - with expected support through the
re-visit of equity and layered finance options originally discussed - that Payless can achieve the first plateau of 100 rental fleet
trucks in a shorter amount of time than originally thought possible. Talks were held by management on the acquisition of a larger operating
facility to accelerate the build out of Payless. Capital negotiations included a real estate component for fleet expansion.



15









Forward
Looking Statements



The
following discussion should be read in conjunction with our Consolidated Financial Statements and Notes thereto, included elsewhere within
this report. The Annual Report on Form 10-K contains forward-looking statements including statements using terminology such as “can”,
“may”, “believe”, “designated to”, “will”, “expect”, “plan”,
“anticipate”, “estimate”, “potential” or “continue”, or the negative thereof or other
comparable terminology regarding beliefs, plans, expectations or intentions regarding the future. You should read statements that contain
these words carefully because they:



| | ● | discuss
    our future expectations;                                                          
| | - | ----------------------------------------------------------------------------------------------
| |   |                                                                                               
| | ● | contain
    projections of our future results of operations or of our financial condition; and
| |   |                                                                                               
| | ● | state
    other “forward-looking” information.                                                



We
believe it is important to communicate our expectations. However, forward looking statements involve risks and uncertainties and our
actual results and the timing of certain events could differ materially from those discussed in forward-looking statements as a result
of certain factors, including those set forth under “Risk Factors,” “Business” and elsewhere in this report.
All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available
to us as of the date thereof, and we assume no obligations to update any forward-looking statement or risk factor, unless we are required
to do so by law.



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 joint-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



The
Company is operating through the corporate strategy segment of its business. It is attempting to build its own critical mass by creation
of start-up subsidiaries it believes have promise/potential. The stated goal is for the parent (DCAC) company to consolidate the critical
mass of the subsidiary/start-ups with that of the parent for eventually listing on a major stock exchange. 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 concentrate on identifying projects that have the potential to produce significant
earnings on the leveraged capital base of both the parent and the subsidiary/start-up within an expedited time period.



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, service company in the trucking industry. It has two business segments with its launch
and current results coming from the “flip” segment, whose principal business is to acquire class 8 heavy duty trucks, refurbish
them, add location electronics, advertise and sell to independent drivers and operators. The second segment is the “credit rebuilding
segment” where class 8 heavy duty trucks, owned by Daniels/Payless, are rented to experienced independent drivers. These independent
drivers rent for a period of up to five years, and have the option to buy the vehicle at retail value every six months. This segment
commenced operations subsequent to the close of our fiscal year. In an effort to grow quickly and profitably, Daniels entered into an
operating agreement with a senior operating management team in an effort to drive the business and better realize its earnings and growth
potential.



16









The
Payless two-segment trucking model represents a streamlined trucking service company; one Daniels believes should survive any potential
future slow-downs in the economy. The model was developed to allow for the maximum utilization of each truck. The first phase of operations
has already been implemented and has covered all the start-up costs plus its own operating expenses.



We
hope to further enhance our plan for growth beginning in our third 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.



Business
Strategy - Current Operational Strategy & Current Client Projects:



Daniels
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 US 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 joint 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 a 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.



The
Goal: A major exchange listing. Senior management is estimating at least twenty-four months from commencement of a corporate strategy
assignment. Financial results, aided by all participating players, should be forthcoming and recorded in SEC filings. At the same time,
a senior management team and Board expanded with highly-credible interim (or permanent) professionals (directors) will be organized in
order to successfully navigate the listing process of a major stock exchange. While Daniels believes this process should be successful
in the above-noted time period, there is some uncertainty in the process which is dependent upon any past issues the listing committee
of a specific exchange may deem necessary to be addressed prior to uplifting. In addition, it may take added time to find the appropriate
outside directors that can not only satisfy the listing committee of the exchange but who can also provide added networking/services
to build the parent’s and subsidiary’s potential for accelerated growth.



A
similar effort will be provided to tailor an optimum growth program for the private company client, whether it chooses to remain private
or to become a public company through alternative merger opportunities.



OPTIMUM
GROWTH STRATEGY:



Twenty-Four
Month Horizons for Daniels’ Objectives:



Daniels’
believes that the validity of its corporate strategy model will be proven further through the success of its initial subsidiary incubation,
Payless Truckers, Inc. The growing momentum of this cash flow engine should generate the interest of long-term financing sources that
will realize upfront that debt service can/ will be covered. This “collective approach” to growth should provide several
initial seed capital sources for other startup subsidiaries or the acquisition and joint-development of early-stage companies. Daniels
plans to use its publicly traded common stock in a variety of securities packages, including convertible preferred stock, to launch promising
subsidiary start-ups, initially for generic sales/profits growth. Subsequent growth options noted above will be applied as external growth
becomes a secondary goal. This method of two stage (generic and then external) growth is designed to leave existing client management
with commanding equity and operating control positions. Eventually, an optimum exit strategy will be developed for the subsidiary, one
that returns a significant return on corporate (parent) capital. The choices of optimum exit strategies could include bringing a subsidiary
public, directly through a spin-off strategy, or merging it with an exchange listed public company that requires added critical mass.
This infusion of cash flow and profits will allow expansion in one of the more profitable niches of any market designated for expansion.
The same corporate strategy model can/will be applied to any independent mini-cap public client.



17









Senior
management believes our corporate strategy business model to be scalable. Based upon the potential success of the initial corporate strategy
consulting assignments creating our uplifting to a major stock exchange, Daniels may entertain the creation of a franchising plan for
key US cities and foreign capitals or finance centers.



Sales
and Marketing



Daniels’
senior management will concentrate its efforts to expand its corporate strategy and financial advisory services and related specialties
in the mini-cap segment of the private and public markets, where Daniels believes it will be effective. Marketing efforts will increase
through social and print media efforts and will be in addition to those methods already mentioned herein.



Daniels’
objective is to create and help manage implementation of accelerated expansion strategies and in so doing, aid in the creation of financing
alternatives to accomplish client goals.



Competition



Existing
and new competitors will continue to improve their services and introduce new services with competitive price and performance characteristics.



In
periods of reduced demand for our services, we can either choose to maintain market share by reducing our prices to meet competition
or maintain prices and choose only those assignments with new clients that have pressing goals to be met that offer Daniels optimum potential
for profits and growth.



The
“collective” corporate financial services, direct and referral, including merchant banking/private equity, are very competitive
and fragmented in the Company’s market niche. There are limited barriers to entry and new competitors frequently enter the market.
A significant number of our competitors possess substantially greater resources. We will continue to offer equity compensation to our
team in order to keep a stable, cohesive team of professionals, which is necessary and key to the creation of operating and capital solutions
in a timely fashion.



General



Our
discussion and analysis of our financial condition and results of operations is based on our financial statements, Actual results may
differ from these estimates under different assumptions or conditions. We believe the following critical accounting policies affect our
most significant judgments and estimates used in preparation of our financial statements. which have been prepared in accordance with
accounting principles generally accepted in the U.S. The preparation of these financial statements requires us to make estimates and
judgments that affect the reported amounts of assets, liabilities and expenses. We base our estimates on historical experience and on
various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments
about the carrying values of assets and liabilities that are not readily apparent from other sources.



Critical
Accounting Policies



Financial
Reporting Release No. 60, published by the SEC, recommends that all companies include a discussion of critical accounting policies used
in the preparation of their financial statements. While all these significant accounting policies impact our financial condition and
results of operations and we view certain of these policies as critical. Policies determined to be critical are those policies that have
the most significant impact on our consolidated financial statements and require management to use a greater degree of judgment and estimates.
Actual results may differ from those estimates.



We
believe that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies
would cause a material effect on our consolidated results of operations, financial position or liquidity for the periods presented in
this report.



The
accounting policies identified as critical are as follows:



18









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
class 8 heavy duty truck sales to customers when we satisfy our performance obligation, at a point in time, when title to the truck is
transferred to the customer. Delivery or shipping charges billed to customers, if applicable, are included in product sales and the related
shipping costs are included in cost of goods sold.



Fair
Value of Assets



The
Company has adopted the standard FASB Accounting Standards Codification (ASC 820) “Fair Value Measurements and Disclosures”
which 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.



Use
of Estimates



In
preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management
is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent
assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. Actual results could
differ from those estimates.



COVID-19



On
January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency in response to a new strain of
a coronavirus (the “COVID-19 outbreak”). In March 2020, the WHO classified the COVID-19 outbreak as a pandemic based on the
rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management
is actively monitoring the global situation and its effects on the Company’s industry, financial condition, liquidity, and operations.
Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the
effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. However, if the
pandemic continues, it may have a material adverse effect on the Company’s results of future operations, financial position, and
liquidity in fiscal year 2021.



19









Liquidity
and Capital Resources



As
of November 30, 2021, we had $326,725 in cash and cash equivalents and a working capital deficit of $3,484,393.



During
the year ended November 30, 2021, net cash used in operating activities was $137,469 compared to net cash provided of $239,892 in 2020.
The increase in net cash used in operating activities is primarily attributable to the change in our working capital assets offset in
part by the increase in our net income.



Net
cash used in investing activities was $125,531 for the year ended November 30, 2021, as compared to $467,414 in 2020. The decrease is
directly attributable to fewer purchases of a trucks utilized in our credit rebuilding business.



Net
cash provided by financing activities was $388,867 for the year ended November 30, 2021, as compared to net cash provided of $352,466
in 2020. The increase in net cash provided by financing activities is partially related to proceeds received from the issuance of Series
B convertible preferred stock to help fund operations. During the year ended November 30, 2021, we received proceeds of $343,790 from
the issuance of Series B convertible preferred stock, as compared to $289,000 in proceeds from the issuance of Series B convertible preferred
stock received during the year ended November 30, 2020. In addition, we received proceeds of $411,649 from the issuance of commercial
debt during the year ended November 30, 2021, as compared to $138,000 in proceeds received from the issuance of convertible and commercial
debt during the year ended November 30, 2020.



Our
primary source of liquidity has been proceeds received from the issuance of Series B convertible preferred stock, convertible debt and
loans from related parties. Since the creation of our subsidiary, Payless Truckers, Inc., cash flow from the “flip” business
of the truck service company has sustained the consolidated group



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 operations for the immediate future. Management estimates that it will need up
to $2.0 million to fund its PayLess Truckers subsidiary. It is possible that we can still achieve our objectives by use of asset-based
lending whereby we can leverage our truck purchases. However, because of the start-up nature of the subsidiary this financing may be
harder to achieve than normal. Even if limited funds are raised, PayLess will still be able to register profits from its “flip”
program while cost-effective funding for the “credit enhancement” program can be arranged. The Company does have funding
available under a commitment letter but these funds are very expensive; management is trying to avoid their use.



It
is the Company’s intention to concentrate its efforts on the build-out of its PayLess Truckers, Inc. subsidiary. Once solidly on
its growth path, meeting projections and generating positive operating cash flows, additional subsidiary/start-up businesses will be
entertained be the parent company.



Senior
Management believes it will have sufficient cash flows to continue in business for the foreseeable future. While legal and accounting
expenses are significant for a reporting company, we will cover them out of operating cash flows.



Comparison
of the Year Ended November 30, 2021 to the Year Ended November 30, 2020 Revenues



Sales



Sales
totaled $4,384,842 which were comprised of (i) $3,541,445 from the resale of refurbished trucks, (ii) $804,377 from vehicle rental agreements,
and (iii) $39,020 from other miscellaneous sources for the year ended November 30, 2021, compared to sales of $3,769,161 which were comprised
of (i) $3,324,479 from the resale of refurbished trucks and (ii) $417,937 from vehicle rental agreements, and (iii) $26,745 from other
miscellaneous sources during the year ended November 30, 2020. The decrease in sales is believed to be primarily attributable to the
uncertainty of economic conditions caused by the global COVID-19 pandemic.



20









Gross
Profit



Gross
profit for the year ended November 30, 2021 and 2020 were $1,359,523 and $744,108, respectively. Gross profit percentage for the year
ended November 30, 2021 and 2020 were 31.0% and 19.7%, respectively. The increase in gross profit and gross profit percentage for the
current year period is directly attributable to an increase in revenues from truck rental agreements which yield higher profit margins
than truck resales.



Operating
Expenses



Operating
expenses are primarily comprised of compensation, facilities costs and outsourced services. Operating expenses totaled $1,416,672 for
the year ended November 30, 2021, compared to operating expenses of $1,746,563 during the year ended November 30, 2020 representing a
decrease of $329,891 or 18.9%. The decrease in operating expenses is primarily related to the decrease in stock-based compensation. The
Company issued 115,000,000 shares of its common stock valued at $621,250 to employees and advisors as compensation during the year ended
November 30, 2020. No such issuances were made during the year ended November 30, 2021.



Other
Income and Expenses



Net
other income for the year ended November 30, 2021 totaled $238,543, compared to $238,631 in net other expense for the year ended November
30, 2020 representing a nominal decrease from the prior year period.



Net
Income Attributable to Common Stockholders



The
Company incurred a net loss attributable to common stockholders for the year ended November 30, 2021 of $250,007, compared to a net loss
attributable to common stockholders of $1,406,741 for the year ended November 30, 2020.



Off-Balance
Sheet Arrangements



None.



Inflation



We
believe that inflation has not had a material impact on our results of operations for the two years ended November 30, 2021 and 2020,
and since inflation rates have generally remained at relatively low levels our operations are not otherwise uniquely affected by inflation
concerns.



Going
Concern



The
accompanying audited condensed consolidated financial statements included in this filing have been prepared in conformity with generally
accepted accounting principles that contemplate our continuance as a going concern. Our auditors, in their report dated March __, 2022,
have expressed substantial doubt about our ability to continue as going concern. Our cash position may be inadequate to pay all of the
costs associated with the testing, production and marketing of our products. Management intends to use borrowings and the sale of equity
or convertible debt to mitigate the effects of its cash position, however no assurance can be given that debt or equity financing, if
and when required will be available. The accompanying audited consolidated financial statements do not include any adjustments relating
to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should we be unable
to continue existence.



Item
7A. Quantitative and Qualitative Disclosures About Market Risk.



We
are a smaller reporting company as defined by Rule 12b-2 under the Exchange Act and are not required to provide the information required
under this item.



21









Item
8. Financial Statements and Supplementary Data.



The
financial statements and notes thereto and supplementary data required by this Item are presented beginning on page F-1 of this annual
report on Form 10-K.



Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.



None.



Item
9A. Controls and Procedures.



Evaluation
of Disclosure Controls and Procedures



We
maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Exchange Act that are designed to ensure
that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC’s rules and forms and that such information is accumulated
and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely
decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our management,
including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure
controls and procedures as of November 30, 2021. Based on the evaluation of these disclosure controls and procedures, and in light of
the material weaknesses found in our internal controls, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure
controls and procedures were not effective.



Management
Report on Internal Control Over Financial Reporting



Our
management is responsible for establishing and maintaining adequate internal control over financial reporting. Under the supervision
of our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over
financial reporting as of November 30, 2021 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, 2021, we determined that certain control deficiencies existed that constituted material
weaknesses, as described below:



| | ● | limited
    documented policies and procedures.                                                                                   
| | - | ----------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                   
| | ● | we
    have no audit committee.                                                                                                   
| |   |                                                                                                                                   
| | ● | there
    is a risk of management override given that our officers have a high degree of involvement in our day-to-day operations.
| |   |                                                                                                                                   
| | ● | limited
    separation of duties, which includes monitoring controls, between the members of management.                          



Management
is currently evaluating what steps can be taken in order to 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 our internal controls.



As
a result of the material weaknesses described above, management has concluded that we did not maintain effective internal control over
financial reporting as of November 30, 2021 based on criteria established in Internal Control—Integrated Framework issued by COSO.



Thayer
O’Neal Company, LLC, an independent registered public accounting firm, was not required to and has not issued a report concerning
the effectiveness of our internal control over financial reporting as of November 30, 2021.



Changes
in Internal Control over Financial Reporting



There
was no change in internal control over financial reporting (as such term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) during
our fiscal year that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



Item
9B. Other Information.



None.



22









PART
III



Item
10. Directors, Executive Officers and Corporate Governance.



Executive
Officers



Our
executive officers are elected by the Board of Directors and serve at the discretion of the Board. Our executive officers are as follows:



|Name                |  | Age |  | Position                               
|------------------- |  | --- |  | ---------------------------------------
|Arthur
    D. Viola |  | 75  |  | President
    and Chairman of the Board
|Nicholas
    Viola  |  | 73  |  | Chief
    Executive Officer            
|Keith
    L. Voigts |  | 77  |  | Chief
    Financial Officer            



Biographical
information for our executive officers and senior management is set forth below:



Arthur
D. Viola has been our board chairman and president September, 2002. In 1981, Mr. Arthur Viola founded The Viola Group, Inc., a New
York based public company which acquired, and managed private companies. In 2000, Mr. Arthur Viola engineered the merger of The Viola
Group with an Internet company at the height of the Internet craze. Stockholders made a 900% return on invested capital. From 1990 to
the present, Mr. Arthur Viola has served as senior partner of Daniels Corporate Advisory Co., a New York based private company, which
is a predecessor of the registrant, and which advised and helped grow small public companies. Previously, Mr. Arthur Viola was involved
in mergers and acquisitions as an AVP Corporate Finance/M&A Department of Bank of America, (1980-1982) as a Senior Acquisitions/Market-Planner
at Gulf & Western (1978-1979) and as a Senior Acquisitions Analyst at Crane Co., (1975-1978) and was an account manager for Citibank,
N.A. (1971-1974) in their Institutional Investment Management Department. Mr. Arthur Viola attended New York University (Advanced work
in Corporate Mergers and Acquisitions) and the New York University Real Estate Institute for Real Estate Development. He received an
MBA from Pace University (Financial Management & Accounting) and a BA from Iona College (Economics and Finance).



Nicholas
Viola was appointed as our chief executive officer on April 1, 2019. Mr. Nicholas Viola was a key technology professional who spent
his entire career in analytics for an Electric Testing Laboratory. He provided the mathematical analysis necessary to evaluate operating
models of major National Brands in Heating & Refrigeration. Since retiring, and after many years of following and analyzing mini/micro
company investments in the stock market, he is now a professional investor, and continues to use his analytical insights in the review
of a candidate’s financial strength and recommendations for action. Prior to his appointment, Mr. Nicholas Viola provided administrative
and analytical support to Daniels. Mr. Nicholas Viola is the brother of Arthur Viola, now President of Daniels.



23









Keith
L. Voigts was appointed as our chief financial officer on April 15, 2019. Prior to his appointment, Mr. Voigts was, and remains,
chief financial officer of our wholly-owned subsidiary, Payless Truckers, Inc. He has served Payless in this capacity since April 1,
2018. Mr. Voigts is a seasoned financial officer/executive of private and public entities and a retired partner of KPMG International.
Throughout his career, he contributed to fast-growing companies by creating building blocks for hyper-growth. Mr. Voigts has demonstrated
people/interactive skills at the highest levels of corporate America and with financial service providers. Mr. Voigts is highly-experienced
in SEC reporting, budgeting and planning, both short and long-term. Mr. Voigts received a degree in Accounting from the University of
Iowa and completed subsequent programs at both Harvard and Stanford. He is a certified public accountant (retired).



David
Paysse was appointed as the chief operations officer and vice president of Payless Truckers, Inc. on October 1, 2018. He possesses
operational and senior executive management experience in the transportation industry through his 22 years as a profitable wholesaler
/ maintenance provider for top brand heavy duty trucks all over North America. Mr. Paysse has a history of successful business ventures.
He is proficient in areas of current-management, turnaround and creation of new concept social media marketing. The “rent to own”
segment of Payless Truckers, Inc. will benefit from Mr. Paysse’s participation. Credit programs for all credit types will be offered
as well as nationwide motor, trans and rear end warranties that are free for our independent driver/clients. Mr. Paysse will be running
the daily operations of Payless Truckers with senior oversight advisory management from Arthur Viola.



Thomas
Normand was appointed president and chief executive officer of Payless Truckers, Inc. on September 1, 2018 and commissioned to build
a sales force. He has transformed the sales and leasing model making it simpler and more cost effective to service customers through
an expanded, nationwide warranty coverage, initially at hub centers. Thomas headed a team that delivered over 40 trucks per month on
a consecutive basis at a wholesale dealership. He is an expert in negotiating and locking down the customer commitment. Thomas possesses
top management skills in the management of technicians as well as sales professionals. He has managed sales specialties include selling
cash trucks, rental, leasing, service. His technical expertise management includes oversight on hand-picked specialists with extensive
experience in heavy haul extendable hydraulic trailers, flat bed, drop, step decks, dry 53’, refrigerated 53’ trailer trailers.
His team is expert in oil field trucks / equipment, long haul sleeper trucks, heavy construction / multi axle dump trucks and in exporting
of large numbers of trucks to developing nations.



Ralph
Cox joined Payless Truckers, Inc. on November 1, 2018. The proven and efficient management strategy he developed over 25 years as
a general operations manager will now be applied to cash management for the Company. Mr. Cox is a former base operations manager for
Ford Motor Credit Corporation. Running a regional finance center, he was a leader in the success of the company in the late 90’s.
He worked at a similar level of responsibility for Fortune 500 Companies including Robinson/Mays and Alliance One, a subsidiary of P
& G as a senior debt manager for their call center. Mr. Cox is a published writer for an international trading company. He wrote
monthly articles in business finance, building credit and capital. He has an MBA in Accounting & Finance from Pasadena City College,
Pasadena CA. and is a Certified FDCPA & collections manager with experience and mastery of both large and small established businesses
and startup companies.



Audit
Committee



The
entire board of directors performs the functions of an audit committee, but no written charter governs the actions of the board when
performing the functions of what would generally be performed by an audit committee. The board approves the selection of Daniels Corporate
Advisory’s independent accountants and meets and interacts with the independent accountants to discuss issues related to financial
reporting. In addition, the board reviews the scope and results of the audit with the independent accountants, reviews with management
and the independent accountants Daniels Corporate Advisory’s annual operating results, considers the adequacy of Daniels Corporate
Advisory’s internal accounting procedures and considers other auditing and accounting matters including fees to be paid to the
independent auditor and the performance of the independent auditor.



24









Daniels
Corporate Advisory has determined that Keith L. Voigts is a financial expert as defined by Section 407 of The Sarbanes-Oxley Act of 2002.
However, Mr. Voigts is not independent as that term is used in Item 7(d)(3)(iv) of Schedule 14A under the Exchange Act. In order to be
considered to be independent, a member of an audit committee of a listed issuer that is not an investment company may not, other than
in his capacity as a member of the audit committee, our board of directors or any other board committee:



| | ● | Accept
    directly or indirectly any consulting, advisory or other compensatory fee from the issuer or any subsidiary thereof, provided that,
    unless the rules of the national securities exchange or national securities association provide otherwise, compensatory fees do not
    include the receipt of fixed amounts of compensation under a retirement plan (including deferred compensation) for prior service
    with the listed issuer (provided that such compensation is not contingent in any way on continued service); or
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | ● | Be
    an affiliated person of the issuer or any subsidiary thereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                          



Conflicts
of Interest



From
time to time, one or more of Daniels Corporate Advisory’s affiliates may form or hold an ownership interest in and/or manage other
businesses both related and unrelated to the type of business that Daniels Corporate Advisory owns and operates. These persons may continue
to form, hold an ownership interest in and/or manage additional other businesses upon the following events/actions occurring prior: (a)
Daniels (the “Parent”) having achieved a collective earnings cushion sufficient to meet earnings and net worth for major
exchange listing requirements, including excess working capital / earnings for the pay down of subsidiary debt even if un-affiliated
transaction(s) requiring cash from a subsidiary prior to spin-off or alternate IPO create loses; (b) Daniels (collectively with consolidated
subsidiaries) has been approved for listing by the listing committee of a major stock exchange; then and only then may an affiliate compete
with Daniels Corporate Advisory with respect to operations, including financing and marketing, management time and services and potential
customers. Post-exchange listing for Daniels (Parent) and upon completion of a spin-off or alternate IPO transaction approved by Daniels
(Parent) for a specific subsidiary interested in other affiliations, that particular Daniels Corporate Advisory affiliate will in no
way be prohibited from undertaking such activities, and neither Daniels Corporate Advisory nor its stockholders will have any right to
require participation in such other activities.



Code
of Ethics for Senior Executive Officers and Senior Financial Officers



Daniels
Corporate Advisory has adopted a Code of Ethics for Senior Executive Officers and Senior Financial Officers that applies to its president,
chief executive officer, chief operating officer, chief financial officer, and all financial officers, including the principal accounting
officer. The code provides as follows:



| | ● | Each
    officer is responsible for full, fair, accurate, timely and understandable disclosure in all periodic reports and financial disclosures
    required to be filed by Daniels Corporate Advisory with the Securities and Exchange Commission or disclosed to Daniels Corporate
    Advisory’s stockholders and/or the public.                                                                                                                                                                                                                                                                  
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | ● | Each
    officer shall immediately bring to the attention of the audit committee, or disclosure compliance officer, any material information
    of which the officer becomes aware that affects the disclosures made by Daniels Corporate Advisory in its public filings and assist
    the audit committee or disclosure compliance officer in fulfilling its responsibilities for full, fair, accurate, timely and understandable
    disclosure in all periodic reports required to be filed with the Securities and Exchange Commission.                                                         
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | ● | Each
    officer shall promptly notify Daniels Corporate Advisory’s general counsel, if any, or the president or chief executive officer
    as well as the audit committee of any information he may have concerning any violation of our Code of Business Conduct or Daniels
    Corporate Advisory’s Code of Ethics, including any actual or apparent conflicts of interest between personal and professional
    relationships, involving any management or other employees who have a significant role in Daniels Corporate Advisory’s financial
    reporting, disclosures or internal controls.
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | ● | Each
    officer shall immediately bring to the attention of Daniels Corporate Advisory’s general counsel, if any, the president or
    the chief executive officer and the audit committee any information he may have concerning evidence of a material violation of the
    securities or other laws, rules or regulations applicable to Daniels Corporate Advisory and the operation of our business, by Daniels
    Corporate Advisory or any of its agents.                                                                                                                                     
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | ● | Any
    waiver of this Code of Ethics for any officer must be approved, if at all, in advance by a majority of the independent directors
    serving on Daniels Corporate Advisory’s board of directors. Any such waivers granted will be publicly disclosed in accordance
    with applicable rules, regulations and listing standards.                                                                                                                                                                                                                                                              



25









We
will provide to any person without charge, upon request, a copy of our Code of Ethics. Any such request should be directed to our corporate
secretary at Parker Towers, 104-60, Queens Boulevard, 12th Floor, Forest Hills, New York 11375, telephone (347) 242-3148, or by e-mail
at Onewallstreetn@aol.com.



Section
16(a) Beneficial Ownership Reporting Compliance



Section
16(a) of the Exchange Act requires our directors and executive officers, and persons who beneficially own more than 10% of a registered
class of our equity securities, to file with the SEC initial reports of ownership and reports of changes in ownership. These reporting
persons are required by SEC regulations to furnish us with copies of all such reports they file. To our knowledge, based solely on our
review of the copies of such reports furnished to us and written representations from certain insiders that no other reports were required,
we believe there were no applicable reporting persons based on all applicable Section 16(a) filing requirements with respect to transactions
during the fiscal years ended November 30, 2021 and November 30, 2020.



Item
11. Executive Compensation.



Executive
Officer Compensation



At
present Daniels Corporate Advisory has three executive officers. The compensation program for future executives will consist of three
key elements which will be considered by a compensation committee to be appointed:



| | ● | A
    base salary;                                     
| | - | -------------------------------------------------------
| |   |                                                        
| | ● | A
    performance bonus; and                           
| |   |                                                        
| | ● | Periodic
    grants and/or options of our common stock.



Base
Salary. Daniels Corporate Advisory chief executive officer and all other senior executive officers receive compensation based on
such factors as competitive industry salaries, a subjective assessment of the contribution and experience of the officer, and the specific
recommendation by our chief executive officer.



Performance
Bonus. A portion of each officer’s total annual compensation is in the form of a bonus. All bonus payments to officers must
be approved by our compensation committee based on the individual officer’s performance and company performance.



Stock
Incentive. Stock options are granted to executive officers based on their positions and individual performance. Stock options provide
incentive for the creation of stockholder value over the long term and aid significantly in the recruitment and retention of executive
officers. The compensation committee considers the recommendations of the chief executive officer for stock option grants to executive
officers (other than the chief executive officer) and approves, disapproves or modifies such recommendation. See “Market Price
of and Dividends on our Common Equity and Related Stockholder Matters Securities Authorized for Issuance under Equity Compensation Plans.”



Compensation
to our officers and employees will be paid only when we have sufficient funds for that purpose. At present, we do not possess such funds.



26









Summary
Compensation Table



The
following table sets forth, for the last two fiscal years, the compensation earned for services rendered in all capacities by our chief
executive officer, chief financial officer and the other highest-paid executive officers serving as such at the end of 2021 whose compensation
for that fiscal year was in excess of $100,000. The individuals named in the table will be hereinafter referred to as the “Named
Officers.” No other executive officer of Daniels Corporate Advisory received compensation in excess of $100,000 during fiscal years
2021 and 2020.





We
currently have three executive officers. Our tables reflect the total compensation accrued for the years indicated. The amounts consist
of a base salary only for those periods. Due to operating limitations and results of operations during those periods listed there were
no performance bonuses or grants of options and or stock incentives. This does not preclude future periods from including such amounts.
There was no interest accrued on these amounts nor will we accrue interest on such amounts.



|Name and Principal Position |  | Year |      |  | Salary ($) |  |         | Bonus ($) |  |  | Stock Awards ($) |  |  | Option Awards ($) |         |  | Non-Equity Incentive Plan Compensation ($) |  |     | Nonqualified Deferred Compensation ($) |  |  | All Other Compensation ($) |  |  | Total  ($) |    
|--------------------------- |  | ---- | ---- |  | ---------- |  | ------- | --------- |  |  | ---------------- |  |  | ----------------- | ------- |  | ------------------------------------------ |  | --- | -------------------------------------- |  |  | -------------------------- |  |  | ---------- | ---
|                            |  |      |      |  |            |  |         |           |  |  |                  |  |  |                   |         |  |                                            |  |     |                                        |  |  |                            |  |  |            |    
|Arthur D. Viola             |  |      | 2021 |  |            |  | 175,000 |           |  |  | -0-              |  |  |                   | -0-     |  |                                            |  | -0- |                                        |  |  | -0-                        |  |  |            | -0-
|Nicholas D. Viola           |  |      | 2020 |  |            |  | -0-     |           |  |  | -0-              |  |  |                   | 115,000 |  |                                            |  | -0- |                                        |  |  | -0-                        |  |  |            | -0-
|Arthur D. Viola             |  |      | 2020 |  |            |  | 175,000 |           |  |  | -0-              |  |  |                   | 143,750 |  |                                            |  | -0- |                                        |  |  | -0-                        |  |  |            | -0-



Outstanding
Equity Awards at Fiscal Year-End



The
following table provides information for each of our named executive officers as of the end of our last completed fiscal years, November
30, 2021 and November 30, 2020:



|                |  | Option Awards                                                       |     |  | Stock Awards                                                          | 
|--------------- |  | ------------------------------------------------------------------- | --- |  | --------------------------------------------------------------------- | 
|Name            |  | Number of Securities Underlying Unexercised Options (#) Exercisable |     |  | Number of Securities Underlying Unexercised Options (#) Unexercisable | 
|A. D. Viola (1) |  |                                                                     | -0- |  |                                                                       | 
|A. D. Viola (1) |  |                                                                     | -0- |  |                                                                       | 



(1)
Daniels Corporate Advisory Company, Inc.’s president.



Employment
Agreements



As
of the date of this report, Daniels Corporate Advisory has employment agreements in place with senior management of both Daniels and
its wholly-owned subsidiary, Payless Truckers, Inc.



27









Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.



The
following table sets forth, as of November 30, 2021, the number and percentage of outstanding shares of our common stock beneficially
owned by: (a) each person who is known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock; (b)
each of our directors; (c) the Named Executive Officers; and (d) all current directors and executive officers, as a group. As of March
23, 2021 there were 300,797,682 shares of common stock issued and outstanding.



Beneficial
ownership has been determined in accordance with Rule 13d-3 under the Exchange Act. Under this rule, certain shares may be deemed to
be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).
In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire shares (for example, upon
exercise of an option or warrant) within 60 days of the date as of which the information is provided. In computing the percentage ownership
of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person by reason of such acquisition
rights. As a result, the percentage of outstanding shares of any person as shown in the following table does not necessarily reflect
the person’s actual voting power at any particular date.



To
our knowledge, except as indicated in the footnotes to this table and pursuant to applicable community property laws, the persons named
in the table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them.



Beneficial
Ownership Table



|                                      |  | Common Stock  Beneficially Owned |            |  | Preferred Stock  Beneficially Owned | 
|------------------------------------- |  | -------------------------------- | ---------- |  | ----------------------------------- | 
|Name and Address of Beneficial Owner  |  | Number                           |            |  | Percent                             | 
|Arthur D. Viola                       |  |                                  | 25,152,334 |  |                                     | 
|Nicholas D. Viola                     |  |                                  | 20,730,000 |  |                                     | 
|All directors and officers as a group |  |                                  | 55,882,334 |  |                                     | 



|5% or Greater Holders |  |  | Number |  |  |  | Percent |  |  |  | Number |  |  |  | Percent | 
|--------------------- |  |  | ------ |  |  |  | ------- |  |  |  | ------ |  |  |  | ------- | 
|—                     |  |  | —      |  |  |  | —       |  |  |  | —      |  |  |  | —       | 



Unless
otherwise indicated, the address for each of these shareholders is c/o Daniels Corporate Advisory Company, Inc., Parker Towers, 104-60,
Queens Boulevard, 12th Floor, Forest Hills, New York 11375. Also, unless otherwise indicated, each person named in the table above has
the sole voting and investment power with respect to his shares of our common stock beneficially owned.



Beneficial
ownership is determined in accordance with the rules of the SEC. As of November 30, 2021, there were 779,298,529 shares of our common
stock issued and outstanding.



The
100,000 shares of our super voting preferred stock, as amended, owned by Arthur D. Viola gives him the power to vote 66 and 2/3 percent
shares of the share vote necessary for any issue requiring a common stock vote.



The
voting rights of our common stock contained in our preferred stock along with the 152,334 common shares will provide Mr. Viola with voting
rights equal to 66 2/3 votes of all votes in any common stock vote. As a result, Arthur D. Viola is able to influence all matters requiring
stockholder approval including the election of directors, merger or consolidation and the sale of all or substantially all of our assets.
This concentration of ownership may delay, deter or prevent acts that would result in a change of control, which in turn could reduce
the market price of our common stock.



Item
13. Certain Relationships and Related Transactions, and Director Independence.



Transactions
with Related Persons



The
Audit Committee (entire board) of our Board is responsible for oversight and review of any related person transactions. We have no related
person transactions that require disclosure under this section.



Director
Independence



The
Board has determined that Mr. Viola is independent (or similarly designated) based on the Board’s application of the standards
and rules and regulations promulgated by the SEC or the Internal Revenue Service, as appropriate.



Item
14. Principal Accountant Fees and Services.



The
following table presents the estimated aggregate fees billed by TPS Thayer, LLC for services performed during our last two fiscal years.



|                   |  | Years Ended  |       
|------------------ |  | ------------ | ------
|                   |  | December 31, |       
|                   |  | 2021         |       
|Audit fees (1)     |  | $            | 67,335
|Tax fees (2)       |  |              | —     
|All other fees (3) |  |              | —     
|                   |  |              |       
|                   |  | $            | 67,335



| | (1) | Audit
    fees include professional services rendered for (i) the audit of our annual financial statements for the fiscal years ended November
    30, 2021 and 2020, (ii) the reviews of the financial statements included in our quarterly reports on Form 10-Q for such years and
    (iii) the issuance of consents and other matters relating to registration statements filed by us.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                           
| | (2) | There
    were no tax fees billed in these two periods.                                                                                                                                                                                                                                                                                                                                   
| |     |                                                                                                                                                                                                                                                                                                                                                                                           
| | (3) | Other
    fees include professional services for review of various filings and issuance of consents.                                                                                                                                                                                                                                                                                      



28









PART
IV



Item
15. Exhibits and Financial Statement Schedules.



|(a) | 1. | Financial
    Statements
|--- | -- | ------------------------



INDEX
TO FINANCIAL STATEMENTS



Audited
Financial Statements for years ended November 30, 2021 and November 30, 2020



|Report of Independent Registered Public Accounting Firm                                                   | F-1
|--------------------------------------------------------------------------------------------------------- | ---
|Balance Sheets as of November 30, 2021 and November 30, 2020                                              | F-2
|Operations and Comprehensive Loss for the Years Ended November 30, 2021 and November 30, 2020.            | F-3
|Statement of Changes in Stockholders Deficit for the Years Ended November 30, 2021 and November 30, 2020. | F-4
|Statements of Cash Flows for the Years Ended November 30, 2021 and November 30, 2020.                     | F-5
|Notes to Financial Statements                                                                             | F-6



29







REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM







F-1









Daniels
Corporate Advisory Company, Inc.

Consolidated
Balance Sheets





|                                                                                                                                                                                                  |  | November 30, |             |   | November 30, |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------ | ----------- | - | ------------ | -
|                                                                                                                                                                                                  |  | 2021         |             |   | 2020         |  
|                                                                                                                                                                                                  |  |              |             |   |              |  
|ASSETS                                                                                                                                                                                            |  |              |             |   |              |  
|Current assets:                                                                                                                                                                                   |  |              |             |   |              |  
|Cash and cash equivalents                                                                                                                                                                         |  | $            | 326,725     |   |              | $
|Accounts receivable                                                                                                                                                                               |  |              | 6,896       |   |              |  
|Inventory                                                                                                                                                                                         |  |              | 215,736     |   |              |  
|Prepaid expenses and other current assets                                                                                                                                                         |  |              | -           |   |              |  
|Right of use assets                                                                                                                                                                               |  |              | -           |   |              |  
|Total current assets                                                                                                                                                                              |  |              | 549,357     |   |              |  
|Investment in subsidiary companies                                                                                                                                                                |  |              | -           |   |              |  
|Property and equipment, net                                                                                                                                                                       |  |              | 701,006     |   |              |  
|Total assets                                                                                                                                                                                      |  | $            | 1,250,363   |   |              | $
|                                                                                                                                                                                                  |  |              |             |   |              |  
|LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                             |  |              |             |   |              |  
|Current liabilities:                                                                                                                                                                              |  |              |             |   |              |  
|Accounts payable and accrued liabilities                                                                                                                                                          |  | $            | 1,453,481   |   |              | $
|Notes payable, related party                                                                                                                                                                      |  |              | 685,000     |   |              |  
|Notes payable, net of loan discounts                                                                                                                                                              |  |              | 801,986     |   |              |  
|Derivative liabilities                                                                                                                                                                            |  |              | 875,487     |   |              |  
|Lease liabilities                                                                                                                                                                                 |  |              | -           |   |              |  
|Related party payables                                                                                                                                                                            |  |              | 217,796     |   |              |  
|Total current liabilities                                                                                                                                                                         |  |              | 4,033,750   |   |              |  
|Other noncurrent liabilities                                                                                                                                                                      |  |              | 338,081     |   |              |  
|Total liabilities                                                                                                                                                                                 |  |              | 4,371,831   |   |              |  
|                                                                                                                                                                                                  |  |              |             |   |              |  
|Commitments and contingencies                                                                                                                                                                     |  |              | -           |   |              |  
|                                                                                                                                                                                                  |  |              |             |   |              |  
|Preferred Stock:                                                                                                                                                                                  |  |              |             |   |              |  
|Redeemable convertible preferred stock, Series B, $0.001 par value. 1,000,000 shares authorized; 240,000 and 125,600 shares issued and outstanding as of November 30, 2021 and 2020, respectively |  |              | 101,972     |   |              |  
|                                                                                                                                                                                                  |  |              |             |   |              |  
|Stockholders’ Deficit:                                                                                                                                                                            |  |              |             |   |              |  
|Series A preferred stock, $0.001 par value. 100,000 shares authorized; 100,000 shares issued and outstanding as of November 30, 2021 and 2020, respectively                                       |  |              | 100         |   |              |  
|Common stock, $0.001 par value. 6,000,000,000 shares authorized; 779,298,529 and 241,774,989 shares issued and outstanding as of November 30, 2021 and 2020, respectively                         |  |              | 779,299     |   |              |  
|Additional paid-in capital                                                                                                                                                                        |  |              | 8,366,837   |   |              |  
|Accumulated deficit                                                                                                                                                                               |  |              | (12,305,327 | ) |              |  
|Accumulated other comprehensive loss                                                                                                                                                              |  |              | (64,349     | ) |              |  
|Total stockholders’ deficit                                                                                                                                                                       |  |              | (3,223,440  | ) |              |  
|Total liabilities, preferred stock and stockholders’ deficit                                                                                                                                      |  | $            | 1,250,363   |   |              | $







The
accompanying notes are an integral part of the consolidated financial statements.



F-2







Daniels
Corporate Advisory Company, Inc.

Consolidated
Statements of Operations and Comprehensive Loss





|                                                      |  | Year Ended November 30, |             |   | Year Ended November 30, |  
|----------------------------------------------------- |  | ----------------------- | ----------- | - | ----------------------- | -
|                                                      |  | 2021                    |             |   | 2020                    |  
|                                                      |  |                         |             |   |                         |  
|Sales                                                 |  | $                       | 4,384,842   |   |                         | $
|Cost of goods sold                                    |  |                         | 3,025,319   |   |                         |  
|Gross margin                                          |  |                         | 1,359,523   |   |                         |  
|Selling, general and administrative expenses          |  |                         | 1,416,672   |   |                         |  
|Stock based compensation  (329,891)                   |  |                         | -           |   |                         |  
|Income (loss) from operations 18.9%                   |  |                         | (57,149     | ) |                         |  
|Other income (expense)                                |  |                         |             |   |                         |  
|Gain (loss) on change in derivative liabilites        |  |                         | 927,114     |   |                         |  
|Interest income (expense), net                        |  |                         | (762,692    | ) |                         |  
|Other income (expense), net                           |  |                         | 74,121      |   |                         |  
|Total other income (expense)                          |  |                         | 238,543     |   |                         |  
|Income (loss) before income taxes                     |  |                         | 181,394     |   |                         |  
|Provision for income taxes (benefit)                  |  |                         | -           |   |                         |  
|Net income (loss)                                     |  |                         | 181,394     |   |                         |  
|Deemed dividend on preferred stock                    |  |                         | 431,401     |   |                         |  
|Net income (loss) attributable to common stockholders |  | $                       | (250,007    | ) |                         | $
|                                                      |  |                         |             |   |                         |  
|Basic earnings (loss) per common share                |  | $                       | (0.00       | ) |                         | $
|Diluted earnings (loss) per common share              |  | $                       | (0.00       | ) |                         | $
|                                                      |  |                         |             |   |                         |  
|Weighted-average number of common shares outstanding: |  |                         |             |   |                         |  
|Basic                                                 |  |                         | 347,162,602 |   |                         |  
|Diluted                                               |  |                         | 347,162,602 |   |                         |  
|                                                      |  |                         |             |   |                         |  
|Comprehensive loss:                                   |  |                         |             |   |                         |  
|Net income (loss)                                     |  | $                       | 181,394     |   |                         | $
|Unrealized gain (loss)                                |  |                         | -           |   |                         |  
|Comprehensive income (loss)                           |  | $                       | 181,394     |   |                         | $







The
accompanying notes are an integral part of the consolidated financial statements.



F-3









Daniels
Corporate Advisory Company, Inc.

Consolidated
Statements of Changes in Stockholders’ Equity







|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|--------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------- | -------- | - | ----- | - | ------------------------ | - |  | ------------ |  |  | ------------------- |  |  | -------- | --- |  | ------------------------------- |  | ----------- | ------------------- |  | - | -------- |  |  | ------ | --------- | - | ------ | -
|                                                                                                                            |  | Series B Callable Preferred Stock |          |   |       |   | Series A Preferred Stock |   |  | Common Stock |  |  | Additional  Paid-in |  |  | Retained |     |  | Accumulated Other Comprehensive |  |             | Total Stockholders’ | 
|                                                                                                                            |  | Shares                            |          |   | Value |   |                          |   |  | Shares       |  |  | Value               |  |  | Shares   |     |  | Value                           |  |             | Capital             |  |   | Earnings |  |  | Income |           |   | Equity |  
|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|Balance, November 30, 2019                                                                                                  |  |                                   | -        |   |       | $ | -                        |   |  |              |  |  | 100,000             |  |  | $        | 100 |  |                                 |  | 25,546,452  |                     |  | $ | 25,546   |  |  | $      | 7,171,768 |   |        | $
|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|Net income (loss)                                                                                                           |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Issuance of preferred stock in connection with sales made under private or public offerings, net of
    costs and discounts |  |                                   | 289,000  |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Accrued dividends and accretion of conversion feature on Series B preferred stock                                           |  |                                   | -        |   |       |   | 208,740                  |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Conversion of Series B preferred stock into common stock                                                                    |  |                                   | (163,400 | ) |       |   | (173,204                 | ) |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 79,407,358  |                     |  |   | 79,407   |  |  |        | 93,797    |   |        |  
|Relief of derivative liability from conversion of Series B preferred stock into common stock                                |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | 160,123   |   |        |  
|Deemed dividends related to conversion feature of Series B preferred stock                                                  |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Issuance of common stock as compensation to employees, officers and/or directors                                            |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 115,000,000 |                     |  |   | 115,000  |  |  |        | 546,250   |   |        |  
|Issuance of common stock in exchange for consulting, professional and other services                                        |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 1,750,000   |                     |  |   | 1,750    |  |  |        | 21,250    |   |        |  
|Conversion of convertible debentures and accrued interest into common stock                                                 |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 20,071,179  |                     |  |   | 20,072   |  |  |        | 67        |   |        |  
|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|Balance, November 30, 2020                                                                                                  |  |                                   | 125,600  |   |       | $ | 35,536                   |   |  |              |  |  | 100,000             |  |  | $        | 100 |  |                                 |  | 241,774,989 |                     |  | $ | 241,775  |  |  | $      | 7,993,255 |   |        | $
|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|Net income (loss)                                                                                                           |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|Issuance of preferred stock in connection with sales made under private or public offerings, net of costs and discounts     |  |                                   | 400,500  |   |       |   | 29,122                   |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Accrued dividends and accretion of conversion feature on Series B preferred stock                                           |  |                                   | -        |   |       |   | 340,580                  |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Conversion of Serives B preferred stock into common stock                                                                   |  |                                   | (232,600 | ) |       |   | (246,556                 | ) |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 144,422,628 |                     |  |   | 144,423  |  |  |        | 102,133   |   |        |  
|Relief of derivative liability from conversion of Series B preferred stock into common stock                                |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | 229,091   |   |        |  
|Deemed dividends related to conversion feature of Series B preferred stock                                                  |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Redemption of Series B preferred stock                                                                                      |  |                                   | (53,500  | ) |       |   | (56,710                  | ) |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | -           |                     |  |   | -        |  |  |        | -         |   |        |  
|Issuance of common stock in exchange for consulting, professional and other services                                        |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 14,590,743  |                     |  |   | 14,591   |  |  |        | 45,757    |   |        |  
|Conversion of convertible debentures and accrued interest into common stock                                                 |  |                                   | -        |   |       |   | -                        |   |  |              |  |  | -                   |  |  |          | -   |  |                                 |  | 378,510,169 |                     |  |   | 378,510  |  |  |        | (3,399    | ) |        |  
|                                                                                                                            |  |                                   |          |   |       |   |                          |   |  |              |  |  |                     |  |  |          |     |  |                                 |  |             |                     |  |   |          |  |  |        |           |   |        |  
|Balance, November 30, 2021                                                                                                  |  |                                   | 240,000  |   |       | $ | 101,972                  |   |  |              |  |  | 100,000             |  |  | $        | 100 |  |                                 |  | 779,298,529 |                     |  | $ | 779,299  |  |  | $      | 8,366,837 |   |        | $





The
accompanying notes are an integral part of the consolidated financial statements.



F-4









Daniels
Corporate Advisory Company, Inc.

Consolidated
Statements of Cash Flows





|                                                                                             |  | Year Ended November 30, |          |   | Year Ended November 30, |  
|-------------------------------------------------------------------------------------------- |  | ----------------------- | -------- | - | ----------------------- | -
|                                                                                             |  | 2021                    |          |   | 2020                    |  
|Cash flows from operating activities of continuing operations:                               |  |                         |          |   |                         |  
|Net income (loss)                                                                            |  | $                       | 181,394  |   |                         | $
|Adjustments to reconcile net loss to cash used in operating activities:                      |  |                         |          |   |                         |  
|Depreciation and amortization                                                                |  |                         | 157,630  |   |                         |  
|Amortization of debt discount                                                                |  |                         | -        |   |                         |  
|Common stock issued in exchange for fees and services                                        |  |                         | 60,348   |   |                         |  
|Gain (loss) on change in derivative liabilities                                              |  |                         | (927,114 | ) |                         |  
|Gain (loss) on disposal of property and equipment                                            |  |                         | (74,121  | ) |                         |  
|Stock based compensation                                                                     |  |                         | -        |   |                         |  
|Changes in operating assets and liabilities:                                                 |  |                         |          |   |                         |  
|Accounts receivable                                                                          |  |                         | (3,993   | ) |                         |  
|Inventory                                                                                    |  |                         | (11,031  | ) |                         |  
|Prepaid expenses and other current assets                                                    |  |                         | 82,996   |   |                         |  
|Right of use assets and lease liabilities                                                    |  |                         | -        |   |                         |  
|Accounts payable and accrued liabilities                                                     |  |                         | 332,975  |   |                         |  
|Related party payables                                                                       |  |                         | (89,316  | ) |                         |  
|Other noncurrent liabilities                                                                 |  |                         | 152,763  |   |                         |  
|Net cash provided by (used in) operating activities                                          |  |                         | (137,469 | ) |                         |  
|                                                                                             |  |                         |          |   |                         |  
|Cash flows from investing activities:                                                        |  |                         |          |   |                         |  
|Proceeds received from the disposal of property and equipment                                |  |                         | -        |   |                         |  
|Purchase of fixed assets                                                                     |  |                         | (125,531 | ) |                         |  
|Net cash provided by (used in) financing activities                                          |  |                         | (125,531 | ) |                         |  
|                                                                                             |  |                         |          |   |                         |  
|Cash flows from financing activities:                                                        |  |                         |          |   |                         |  
|Proceeds from issuance of preferred stock, net of issuance costs                             |  |                         | 343,790  |   |                         |  
|Proceeds from issuance of common stock, net of issuance costs                                |  |                         | -        |   |                         |  
|Proceeds from issuance of convertible debentures                                             |  |                         | -        |   |                         |  
|Proceeds from commercial loans payable                                                       |  |                         | 411,649  |   |                         |  
|Proceeds from related party payables                                                         |  |                         | -        |   |                         |  
|Redemption of preferred stock                                                                |  |                         | (22,524  | ) |                         |  
|Repayments of convertible debentures                                                         |  |                         | -        |   |                         |  
|Repayments of commercial loans payable                                                       |  |                         | (344,048 | ) |                         |  
|Repayments of related party payables                                                         |  |                         | -        |   |                         |  
|Net cash provided by (used in) financing activities                                          |  |                         | 388,867  |   |                         |  
|                                                                                             |  |                         |          |   |                         |  
|Net increase (decrease) in cash and cash equivalents                                         |  |                         | 125,867  |   |                         |  
|Cash and cash equivalents at beginning of period                                             |  |                         | 200,858  |   |                         |  
|Cash and cash equivalents at end of period                                                   |  | $                       | 326,725  |   |                         | $
|                                                                                             |  |                         |          |   |                         |  
|Supplemental disclosure of cash flow information:                                            |  |                         |          |   |                         |  
|Cash paid for interest                                                                       |  | $                       | -        |   |                         | $
|Cash paid for income taxes                                                                   |  | $                       | -        |   |                         | $
|                                                                                             |  |                         |          |   |                         |  
|Supplemental disclosure of non-cash investing and financing activities:                      |  |                         |          |   |                         |  
|Conversion of convertible debentures and accrued interest into common stock                  |  | $                       | 375,111  |   |                         | $
|Conversion of Series B preferred stock into common stock                                     |  | $                       | 246,556  |   |                         | $
|Discount for issuance costs and/or beneficial conversion features on convertible debentures  |  | $                       | -        |   |                         | $
|Accrued dividends and accretion of conversion feature on Series B preferred stock            |  | $                       | 340,580  |   |                         | $
|Deemed dividends related to conversion feature of Series B preferred stock                   |  | $                       | 68,296   |   |                         | $
|Relief of derivative liability from conversion of Series B preferred stock into common stock |  | $                       | 229,091  |   |                         | $







The
accompanying notes are an integral part of the consolidated financial statements.



F-5









DANIELS
CORPORATE ADVISORY COMPANY, INC.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF NOVEMBER 30, 2021 AND 2020



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 or lease commercial vehicles to long haul drivers.



NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Basis
of Presentation



The
Company has 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
(“US GAAP”). The Company believes these consolidated financial statements reflect all adjustments (consisting of normal,
recurring adjustments) that are necessary for a fair presentation of its consolidated financial position and consolidated results of
operations for the periods presented.



Use
of Estimates



The
preparation of financial statements in conformity with US GAAP 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



The
Company’s future results of operations and financial condition will be impacted by the following factors, among others: its lack
of capital resources, dependence on third-party management to operate the companies in which it invests and dependence on the successful
development and marketing of any new products in new and existing markets. Generally, the Company is 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 its business.



Reclassifications



Certain
prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net
earnings (loss) or and financial position.



Cash
and Cash Equivalents



The
Company considers all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents.
The Company maintains its cash balances with a high-credit-quality financial institution. At times, such cash may be in excess of the
Federal Deposit Insurance Corporation-insured limit of $250,000. The Company has not experienced any losses in such accounts, and management
believes the Company is not exposed to any significant credit risk on its cash and cash equivalents.



F-6









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, class 8 heavy duty trucks primarily acquired at auction. Inventory is valued at the lower of cost (specific
identification method) or net realizable 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 November 30, 2021.



Convertible
Instruments



The
Company evaluates and accounts for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives
and Hedging Activities”.



Applicable
GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative
financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and
risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host
contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at
fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same
terms as the embedded derivative instrument would be considered a derivative instrument.



The
Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated
from their host instruments) by recording, when necessary, discounts to convertible notes for the intrinsic value of conversion options
embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date
of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized
over the term of the related debt to their stated date of redemption.



F-7









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 (i) market participant assumptions developed
based on market data obtained from independent sources (observable inputs) and (ii) 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 accounts receivable, accounts payable and accrued expenses, notes payable,
notes payable to related parties, related parties payable and derivative liabilities. 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
Loss



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.



Other-Than-Temporary
Impairment



All
of the Company’s 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 the Company uses 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.



As
of December 31, 2021 and 2020, the Company did not recognize any impairment losses related to non-marketable or other investments.



F-8









Revenue
and Cost Recognition



The
Company recognizes revenue when it satisfies performance obligations by the transfer of control of products or services to its customers,
in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company
recognizes revenue from class 8 heavy duty truck sales to customers when it satisfies its performance obligation, at a point in time,
when title to the truck is transferred to the customer and collection of cash is certain. Delivery or shipping charges billed to customers,
if applicable, are included in product sales and the related shipping costs are included in cost of goods sold. The Company also recognizes
revenue from the rental of class 8 heavy-duty trucks to customers. Revenue from these truck rental agreements is recognized based upon
the passage of time over the term of the arrangement once control of the underlying asset has been transferred to the customer. The arrangements
require weekly payments, and the customer may cancel the agreement at any time by notifying the Company in writing at least 30 days before
such termination.



Revenue
is recognized and related accounts receivable is recorded when the Company has transferred a good or service to a customer and its right
to receive consideration is unconditional through the completion of our performance obligation. The Company had accounts receivable totaling
$2,903 and $30 as of November 30, 2021 and 2020, respectively.



Right
of Use Assets and Lease Liabilities



In
February 2016, the FASB issued ASU No. 2016-02, “Leases” (ASC 842). The standard requires lessees to recognize almost
all leases on the balance sheet as a Right-of-Use (“ROU”) asset and a lease liability and requires leases to be classified
as either an operating or a finance type lease. The standard excludes leases of intangible assets or inventory. The standard became effective
for the Company beginning December 1, 2018. The Company adopted ASC 842 using the modified retrospective approach, by applying the new
standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning
after January 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance
with our historical accounting under ASC 840. The Company elected the package of practical expedients permitted under the standard, which
also allowed the Company to carry forward historical lease classifications. The Company also elected the practical expedient related
to treating lease and non-lease components as a single lease component for all equipment leases as well as electing a policy exclusion
permitting leases with an original lease term of less than one year to be excluded from the ROU assets and lease liabilities.



Under
ASC 842, the Company determines if an arrangement is a lease at inception. Right-of-Use assets and liabilities are recognized at commencement
date based on the present value of remaining lease payments over the lease term. For this purpose, the Company considers only payments
that are fixed and determinable at the time of commencement. As most of the Company’s leases do not provide an implicit rate, the
Company estimated the incremental borrowing rate in determining the present value of lease payments. The ROU asset also includes any
lease payments made prior to commencement and is recorded net of any lease incentives received. The Company lease terms may include options
to extend or terminate the lease when it is reasonably certain that the Company will exercise such options.



Operating
leases are included in operating lease right-of-use assets and operating lease liabilities on the Company’s condensed consolidated
balance sheets. The adoption did not impact the Company’s beginning retained earnings, or prior year consolidated statements of
income and statements of cash flows.



Property
and Equipment, Net



Property
and equipment, net is reported at cost less accumulated depreciation, which is generally provided on the straight-line method over the
estimated useful lives of the assets. Upon sale or retirement of an asset, the related costs and accumulated depreciation are removed
from the accounts and any gain or loss is recognized.



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.



F-9









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.



Net
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.



Recently
Issued Accounting Pronouncements



In
December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic
740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance
will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020
on a prospective basis, with early adoption permitted. The Company adopted the new standard effective March 1, 2021 and does not expect
the adoption of this guidance to have a material impact on its consolidated financial statement



On
June 16, 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement
of Credit Losses on Financial Instruments, which introduced an expected credit loss model for the impairment of financial assets
measured at amortized cost basis. That model replaces the probable, incurred loss model for those assets. Through the amendments in that
Update, the Board added Topic 326, Financial Instruments— Credit Losses, and made several consequential amendments to the Codification.
This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December
15, 2022. The Company will adopt the new standard effective December 1, 2023 and does not expect the adoption of this guidance to have
a material impact on its consolidated financial statements.



The
Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will
have a material impact on its consolidated financial statements.



NOTE
3 - RELATED PARTY TRANSACTIONS



The
Company currently rents space from Arthur Viola, the Company’s president. This is a month-to-month rental and there is no commitment
beyond each month. The monthly rent expense is $2,100.



Effective
December 15, 2016, Arthur Viola entered into a $685,000 convertible promissory note agreement with the Company and forgave all remaining
amounts outstanding at that time. The note matured 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 stock at a discount to market of 50%
at any time. No repayment or conversion of the note occurred as of November 30, 2021, and no notice of default has been issued.



In
2016, Mr. Viola personally funded $10,200 in expenses on behalf of the Company. These advances were made interest free with no maturity
date. No repayments have been made against these advances as of November 30, 2021.



F-10









Mr.
Viola is entitled to receive a salary of $175,000 annually. Mr. Viola has deferred all cash payments of his base salary in an effort
to help the Company fund its operations. At November 30, 2021 and 2020, the total amount of accrued compensation owed to Mr. Viola was
$716,034 and $541,034, respectively. These amounts are included in accounts payable.



The
Company’s wholly-owned subsidiary Payless Truckers, Inc. have received net loan proceeds aggregating $126,926 from a related party
to help fund the subsidiary’s operations. The loans currently bear interest at rates ranging between 35% - 40%, are secured by
certain inventory assets and are payable on demand.



Two
companies owned by Payless’ President and certain family members has loaned the Company floor plan financing for a monthly fee
per truck financed. During the years ended November 30, 2021 and 2020, financing fees and interest totaling approximately $47,000 and
$47,000, respectively, were paid to the related party. At November 30, 2021, the outstanding loan balance was $32,000.



A
company owned by Payless’s President serves as an authorized agent to sell trucks for the Company. During the years ended November
30, 2021 and 2020, sales commissions of $120,500 and $120,500, respectively, were paid to the related party.



A
different company owned by a brother of Payless’ president performs contract services, including sales and shop work, for the Company.
During the years ended November 30, 2021 and 2020, sales commissions and shop work of $30,000 and $30,000, respectively, were paid to
the related party.



NOTE
4 - GOING CONCERN



The
accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business as they become due.



For
the year ended November 30, 2021, the Company realized net income of $181,394, of which $238,543 was attributable to other income, and
had a working capital deficit of $3,484,393. The Company has relied, in large part, upon preferred equity and debt financings to fund
its operations. As of November 30, 2021, the Company had outstanding indebtedness, net of discounts, of $1,825,067 and had $326,725 in
cash.



As
such, there is substantial doubt as to the Company’s ability to continue as a going concern. The Company’s ability to continue
as such is dependent upon management’s ability to successfully execute its business plan, including increasing revenues through
the sale of existing and future product offerings and reducing expenses in order to meet the Company’s current and future obligations.
In addition, the Company’s ability to continue as a going concern is dependent upon management’s ability to successfully
satisfy, refinance or replace its current indebtedness. Failure to satisfy existing or obtain new financing may have a material adverse
impact on the Company’s operations and liquidity.



The
Company is expanding its operations through its leasing program. It believes that it is well positioned to generate significant recurring
revenue and cash flows required to sustain its operations. However, even if the Company is successful in executing its plan, the Company
may not generate enough revenue to satisfy all of its current obligations as they become due in addition to its outstanding indebtedness.
Until the Company consistently generates positive cash flow from its operations, or successfully satisfies, refinances or replaces its
current indebtedness, there is substantial doubt as to the Company’s ability to continue as a going concern.



The
financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of
assets or the amounts and classification of liabilities that may result if the Company is unable to operate as a going concern.



F-11









NOTE
5 - COVID-19



On
January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency in response to a new strain of
a coronavirus (the “COVID-19 outbreak”). In March 2020, the WHO classified the COVID-19 outbreak as a pandemic based on the
rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management
is actively monitoring the global situation and its effects on the Company’s industry, financial condition, liquidity, and operations.
Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the
effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. However, if the
pandemic continues, it may have a material adverse effect on the Company’s results of future operations, financial position, and
liquidity in fiscal year 2021.



NOTE
6 - COMMITMENTS AND CONTINGENCIES



Commitments



The
Company currently has no long-term commitments.



Contingencies



None.



NOTE
7 - PROPERTY AND EQUIPMENT



The
following table sets forth the components of the Company’s property and equipment at December 31, 2021 and 2020:

SCHEDULE
OF COMPONENTS OF PROPERTY AND EQUIPMENT

|                             |  | November 30, 2021 |         |  | November 30, 2020        |  
|---------------------------- |  | ----------------- | ------- |  | ------------------------ | -
|                             |  | Cost              |         |  | Accumulated Depreciation |  
|Machinery and equipment      |  |                   | 6,432   |  |                          |  
|Vehicles                     |  |                   | 880,951 |  |                          |  
|Total property and equipment |  | $                 | 887,383 |  |                          | $



For
the years ended November 30, 2021 and 2020, the Company recorded depreciation expense of $157,630 and $56,790, respectively. During the
year ended November 30, 2020, the Company received proceeds of $83,751 and recorded a loss of $9,070 related to the disposal of two trucks.
Additionally, the Company reclassified one truck from property and equipment to inventory.



NOTE
8 - LEASES



The
Company has entered into operating leases primarily for real estate. These leases have terms which range from one year to two years,
and often include one or more options to renew. The Company recognizes on the balance sheet at the time of lease commencement or modification
a right of use (“RoU”) operating lease asset and a lease liability, initially measured at the present value of the lease
payments. Lease costs are recognized in the income statement over the lease term on a straight-line basis. RoU assets represent the Company’s
right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from
the lease.



Operating
lease ROU assets and liabilities commencing after January 1, 2019 are recognized at commencement date based on the present value of lease
payments over the lease term. Currently, the Company’s leases are maintained on a month-to-month basis. Based on the present value
of the lease payments for the remaining lease term of the Company’s existing leases, the Company has not recorded any value related
to ROU assets and lease liabilities for operating leases as of November 30, 2021. For the year ended November 30, 2021, the Company recognized
approximately $57,860 in total lease costs.



F-12









Because
the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present
value of the lease payments.



The
following table presents the Company’s future minimum lease obligation under ASC 842 as of November 30, 2021:

SCHEDULE OF FUTURE MINIMUM LEASE OBLIGATION

|2022 fiscal year |  | $ | 55,200 | 
|---------------- |  | - | ------ | 



NOTE
9 - 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 years ended November 30, 2021 and 2020:

SCHEDULE OF INCOME TAX EXPENSE (BENEFIT)

|                                                     |  | November 30, 2021 |         |   | November 30, 2020 |  
|---------------------------------------------------- |  | ----------------- | ------- | - | ----------------- | -
|Tax provision (recovery) at effective tax rate (21%) |  | $                 | 38,093  |   |                   | $
|Change in valuation reserve                          |  |                   | (38,093 | ) |                   |  
|Tax provision (recovery), net                        |  | $                 | –       |   |                   | $



As
of November 30, 2021, the Company had approximately $12.1 million in net operating loss carry forwards for federal income tax purposes
which expire at various times through 2039. 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 carry-forward.
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:

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

|                                                                        |  | November 30, 2021 |            |   | November 30, 2020 |  
|----------------------------------------------------------------------- |  | ----------------- | ---------- | - | ----------------- | -
|Net operating loss carry forwards available at effective tax rate (21%) |  | $                 | 2,584,000  |   |                   | $
|Valuation Allowances                                                    |  |                   | (2,584,000 | ) |                   |  
|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 $2.6
million at November 30, 2021. The Company did not utilize any NOL deductions for the full fiscal year ended November 30, 2021.



NOTE
10 - NOTES PAYABLE



Convertible
Notes



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 0.03% to 0.08%; Dividend rate of 0%; and, historical volatility
rates ranging from 195% to 236%. As of November 30, 2021, the note balance was $55,224 and all associated loan discounts were fully amortized.



F-13









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 0.03% to 0.16%; Dividend rate of 0%;
and, historical volatility rates ranging from 208% to 269%. As of November 30, 2021, the note balance was $98,459 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 0.03% to 0.16%; Dividend rate of 0%; and, historical volatility
rates ranging from 208% to 269%. As of November 30, 2021, the note balance was $4,000 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 0.03% to 0.16%; Dividend rate of 0%;
and, historical volatility rates ranging from 208% to 269%. The Company amended its convertible note agreement to allow for additional
principal borrowings. As of November 30, 2021, the note balance was $78,700 and all associated loan discounts were fully amortized.



On
October 15, 2018, the Company entered in convertible note agreement with a private and accredited investor, Auctus Fund LLC, in the amount
of $350,000, unsecured, with principal and interest (stated at 12%) amounts due and payable upon maturity on July 15, 2019. At any time
following issuance, 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 2.67% to 2.70%; Dividend rate of 0%; and, historical
volatility rates ranging from 390% to 423%. As of November 30, 2021, the note balance was $244,170 and all associated loan discounts
were fully amortized.



On
February 14, 2019, the Company entered in convertible note agreement with a private and accredited investor, Auctus Fund LLC, in the
amount of $57,750, secured by all of the assets of the Company and its subsidiaries, with principal and interest (stated at 12%) amounts
due and payable upon maturity on November 14, 2019. At any time following issuance, 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 1.76% to 2.54%; Dividend rate of 0%; and, historical volatility rates ranging from 139% to 1,467%. As of November
30, 2021, the note balance was $57,750 and all associated loan discounts were fully amortized.



On
July 22, 2019, the Company entered in convertible note agreement with a private and accredited investor, Auctus Fund LLC, in the amount
of $75,250, secured by all of the assets of the Company and its subsidiaries, with principal and interest (stated at 12%) amounts due
and payable upon maturity on April 22, 2020. At any time following issuance, 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 1.76% to 1.95%; Dividend rate of 0%; and, historical volatility rates ranging from 1,313% to 1,467%. As of November
30, 2021, the note balance was $75,250 and all associated loan discounts were fully amortized.



F-14









Promissory
Notes



On
January 31, 2020, the Company issued a promissory note to GC Capital Partners, LLC in the amount of $52,500, unsecured, with principal
amounts payable in monthly installments of $10,000 until maturity on August 26, 2020. The note had an original issuance discount of $2,500,
which will be amortized on a straight-line basis over the life of the note. As of November 30, 2021, the note balance was $0 and all
associated loan discounts were fully amortized.



Commercial
Loans



On
September 10, 2020, the Company executed two future receivables sale and purchase agreements with Sutton Funding. Under the agreements,
the Company sold an aggregate of $67,200 in future receivables for a purchase amount of $48,000. The aggregate principal amount is payable
in daily installments totaling $538 until such time that the obligation is fully satisfied.



On
October 26, 2020, the Company executed a merchant cash advance agreement with Biz Buzz Capital. Under the agreement, the Company sold
an aggregate of $57,200 in future receivables for a purchase amount of $40,000. The aggregate principal amount is payable in weekly installments
totaling $3,180 until such time that the obligation is fully satisfied.



On
December 16, 2020, the Company executed two future receivables sale and purchase agreements with Sutton Funding. Under the agreements,
the Company sold an aggregate of $140,000 in future receivables for a purchase amount of $100,000. The aggregate principal amount is
payable in daily installments totaling $1,272 until such time that the obligation is fully satisfied.



On
December 21, 2020, the Company executed a future receivables sale and purchase agreement with Sutton Funding. Under the agreement, the
Company sold an aggregate of $70,000 in future receivables for a purchase amount of $50,000. The aggregate principal amount is payable
in daily installments totaling $676 until such time that the obligation is fully satisfied.



On
May 28, 2021, the Company executed two future receivables sale and purchase agreements with Sutton Funding. Under the agreements, the
Company sold an aggregate of $210,000 in future receivables for a purchase amount of $150,000. The aggregate principal amount is payable
in daily installments totaling $1,591 until such time that the obligation is fully satisfied.



On
June 21, 2021, the Company executed a merchant cash advance agreement with Consistent Funding. Under the agreement, the Company sold
an aggregate of $142,000 in future receivables for a purchase amount of $100,000. The aggregate principal amount is payable in daily
installments totaling $1,076 until such time that the obligation is fully satisfied.



On
November 8, 2021, the Company executed a merchant cash advance agreement with Consistent Funding. Under the agreement, the Company sold
an aggregate of $145,000 in future receivables for a purchase amount of $100,000. The aggregate principal amount is payable in daily
installments totaling $656 until such time that the obligation is fully satisfied.



As
of November 30, 2021, the total outstanding principal on these future receivable sale and purchase agreements was approximately $133,567.



F-15









Floor
Plan Financing



From
time to time, the Company issues secured promissory notes to individual lenders to finance truck purchases for the Company’s rental
program. Annual interest rates on such notes are generally 30% with terms of 48 months. As of November 30, 2021 and 2020, the total amount
outstanding under such notes was $471,647 and $319,000, respectively, of which $_____ and $50,385, respectively, is considered current
and classified under “Notes payable, net of loan discounts” in the Company’s condensed consolidated financial statements.
The remaining noncurrent portion is classified under “Other noncurrent liabilities”. The aggregate monthly payments of principal
and interest on these promissory notes is $_____.



NOTE
11 - 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 some of the Company’s convertible promissory notes
and Series B preferred mandatorily redeemable convertible stock.



The
convertible promissory notes are hybrid instruments which contain embedded derivative features which individually warrant separate accounting
as a derivative instrument under Paragraph 815-10-05-4. The embedded derivative features include the conversion features to the notes.
Pursuant to ASC 815, the value of the embedded derivative liabilities has been bifurcated from the debt host contract and recorded as
derivative liabilities 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
Series B preferred mandatorily redeemable convertible stock are hybrid instruments which contain embedded derivative features which individually
warrant separate accounting as a derivative instrument under Paragraph 815-10-15-83. The embedded derivative features include the conversion
features to the preferred stock. Pursuant to ASC 815, the value of the embedded derivative liabilities has been bifurcated from the debt
host contract and recorded as derivative liabilities resulting in a reduction of the initial carrying amount (as unaccreted dividend)
of the preferred stock, which are amortized as stock dividend to be presented in other (income) expenses in the statements of operations
using the effective interest method over the life of the preferred stock.



The
embedded derivative within the notes 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 November 30, 2021 and 2020, the estimated fair value of derivative liabilities was determined to be $875,487 and $1,592,017, respectively.
During the year November 30, 2021, the Company recognized additional derivative liabilities of $439,675, compared to $723,176 during
the year ended November 30, 2020. The change in the fair value of derivative liabilities for the years ended November 30, 2021 and 2020
was a gain of $927,114 and a gain of $621,557, respectively, 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 as of November 30, 2020:

SUMMARY
OF FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

|                                             |  |                |           |  | Fair Value Measurement Using |  
|-------------------------------------------- |  | -------------- | --------- |  | ---------------------------- | -
|                                             |  | Carrying Value |           |  | Level 1                      |  
|Derivative liabilities on conversion feature |  |                | 1,592,017 |  |                              |  
|Total derivative liabilities                 |  | $              | 1,592,017 |  |                              | $





F-16









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 as of November 30, 2021:



|                                             |  |                |         |  | Fair Value Measurement Using |  
|-------------------------------------------- |  | -------------- | ------- |  | ---------------------------- | -
|                                             |  | Carrying Value |         |  | Level 1                      |  
|Derivative liabilities on conversion feature |  |                | 875,487 |  |                              |  
|Total derivative liabilities                 |  | $              | 875,487 |  |                              | $



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



The
table below provides a summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring
basis using significant unobservable inputs (Level 3) during the year ended November 30, 2021 and 2020:

SUMMARY
OF CHANGES IN FAIR VALUE OF LEVEL 3 FINANCIAL LIABILITIES

|                                          |  | Derivative Liabilities |          
|----------------------------------------- |  | ---------------------- | ---------
|Fair value, November 30, 2019             |  | $                      | 1,650,520
|Additions                                 |  |                        | 723,176  
|Relief from conversion of preferred stock |  |                        | (160,122 
|Change in fair value                      |  |                        | (621,557 
|Fair value, November 30, 2020             |  |                        | 1,592,017
|Additions                                 |  |                        | 439,675  
|Relief from conversion of preferred stock |  |                        | (229,091 
|Change in fair value                      |  |                        | (927,114 
|Fair value, November 30, 2021             |  | $                      | 875,487  



NOTE
12 – STOCKHOLDERS’ EQUITY



The
Company is authorized to issue two classes of shares being designated preferred stock and common stock.



Preferred
Stock



The
number of shares of preferred stock authorized is 50,100,000, par value $0.001 per share. At November 30, 2021 and 2020, the Company
had 100,000 shares of Series A preferred stock issued and outstanding, and 240,000 and 125,600 shares of Series B preferred stock issued
and outstanding, respectively.



Series
A Preferred Stock



Mr.
Arthur D. Viola, the Company’s president, owns 100,000 shares of super voting preferred stock entitling him to vote sixty-six and
two-thirds percent (66.67%) of the common stock shares in any common stock vote.



Series
B Preferred Stock



On
February 24, 2020, the Company filed a certificate of designations with the State of Nevada, designating 1,000,000 of its available preferred
shares as Series B preferred mandatorily redeemable convertible stock, stated value of $1.00 per share, and with a par value of $0.001
per share. The shares will carry an annual ten percent (10%) cumulative dividend, compounded daily, payable solely upon redemption, liquidation
or conversion. The certificate of designations provides the Company with the opportunity to redeem the Series B shares at various increased
prices at time intervals up to the 6-month anniversary of the closing and mandates full redemption on the 12-month anniversary. The holder
may convert the Series B shares into shares of the Company’s common stock, commencing on the 6-month anniversary of the closing
at a 35% discount to the lowest closing price during the 20-day trading period immediately preceding the notice of conversion.



All
shares of mandatorily redeemable convertible preferred stock have been presented outside of permanent equity in accordance with ASC 480,
Classification and Measurement of Redeemable Securities. The Company accretes the carrying value of its Series B mandatory redeemable
convertible preferred stock to its estimate of fair value (i.e. redemption value) at period end.



F-17









On
March 19, 2020, the Company sold 73,000 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%,
to Geneva Roth Remark Holdings, Inc. (“Geneva”), for $70,000 pursuant to a Series B preferred stock purchase agreement. The
Series B preferred stock is classified as temporary equity since the shares are convertible at the option of the shareholder. The Company
recorded a derivative liability of $144,894, valued using the Black-Scholes Model, associated with Series B preferred shares.



On
May 22, 2020, the Company sold 103,000 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%, to
Geneva, for $100,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $408,566, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
July 6, 2020, the Company sold 58,000 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%, to
Geneva, for $55,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $92,317, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
November 19, 2020, the Company sold 55,000 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%,
to Geneva, for $49,800 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $77,399, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
December 31, 2020, the Company sold 53,500 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%,
to Geneva Roth Remark Holdings, Inc. (“Geneva”), for $50,000 pursuant to a Series B preferred stock purchase agreement. The
Series B preferred stock is classified as temporary equity since the shares are convertible at the option of the shareholder. The Company
recorded a derivative liability of $88,694, valued using the Black-Scholes Model, associated with Series B preferred shares.



On
January 13, 2021, the Company sold 43,500 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%,
to Geneva, for $40,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $50,753, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
March 2, 2021, the Company sold 43,500 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%, to
Geneva, for $40,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $55,774, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
May 20, 2021, the Company sold 55,000 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%, to
Geneva, for $51,250 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $46,771, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
June 28, 2021, the Company redeemed 53,500 shares of its Series B convertible preferred stock from Geneva for $79,234. The Company recorded
a $22,524 deemed dividend as a result of the redemption.



F-18









On
June 28, 2021, the Company sold 53,750 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%, to
Geneva, for $50,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $43,990, valued
using the Black-Scholes Model, associated with Series B preferred shares.



On
July 14, 2021, the Company sold 58,750 shares of its Series B convertible preferred stock, with an annual accruing dividend of 10%, to
Geneva, for $55,000 pursuant to a Series B preferred stock purchase agreement. The Series B preferred stock is classified as temporary
equity since the shares are convertible at the option of the shareholder. The Company recorded a derivative liability of $72,325 valued
using the Black-Scholes Model, associated with Series B preferred shares



As
of November 30, 2021, the estimated fair value of these derivative liabilities was determined to be $159,877. The change in the fair
value for the year ended November 30, 2021 was an unrealized gain of $173,811.



During
the year ended November 30, 2021, the Company recorded $317,112 of accretion of discounts and $22,269 in dividends. As of November 30,
2021, there were 240,000 shares outstanding and a remaining unamortized discount of $148,222.



Common
Stock



The
number of shares of common stock authorized is 6,000,000,000, par value $0.001 per share. At November 30, 2021 and 2020, the Company
had 779,298,529 and 241,774,989 shares of common stock, respectively, issued and outstanding.



On
January 9, 2019, the Company issued 1,054,250 shares of its common stock in exchange for the conversion of $6,325 of convertible debt
principal.



On
January 15, 2019, the Company issued 1,054,250 shares of its common stock in exchange for the conversion of $6,325 of convertible debt
principal.



On
October 10, 2019, the Company issued 1,159,400 shares of its common stock in exchange for the conversion of $1,043 of convertible debt
principal.



On
October 11, 2019, the Company issued 1,151,150 shares of its common stock in lieu of cash to satisfy certain accounts payable owed to
a service provider.



On
February 3, 2020, the Company issued 1,000,000 shares of common stock to a lender for commitment fees under a securities purchase agreement
with the Company.



On
February 12, 2020, the Company issued 750,000 shares of common stock to a vendor for public relations services provided to the Company.



On
March 19, 2020, the Company issued 1,362,000 shares of its common stock in exchange for the conversion of $1,838 of convertible debt
principal.



On
June 10, 2020, the Company issued 1,430,000 shares of its common stock in exchange for the conversion of $1,330 of convertible debt principal.



On
September 2, 2020, the Company issued 1,501,398 shares of its common stock in exchange for the conversion of $3,243 of convertible debt
principal.



On
September 22, 2020, the Company issued 1,558,824 shares of its common stock in exchange for the conversion of $7,950 of Series B convertible
preferred stock and accrued dividends.



On
October 14, 2020, the Company issued 1,606,061 shares of its common stock in exchange for the conversion of $5,300 of Series B convertible
preferred stock and accrued dividends.



F-19









On
October 23, 2020, the Company issued 1,702,424 shares of its common stock in exchange for the conversion of $5,618 of Series B convertible
preferred stock and accrued dividends.



On
November 2, 2020, the Company issued 1,817,143 shares of its common stock in exchange for the conversion of $3,816 of Series B convertible
preferred stock and accrued dividends.



On
November 2, 2020, the Company issued 1,819,195 shares of its common stock in exchange for the conversion of $1,583 of convertible debt
principal.



On
November 4, 2020, the Company issued 1,867,619 shares of its common stock in exchange for the conversion of $3,922 of Series B convertible
preferred stock and accrued dividends.



On
November 4, 2020, the Company issued 1,909,793 shares of its common stock in exchange for the conversion of $1,662 of convertible debt
principal.



On
November 5, 2020, the Company issued 1,867,619 shares of its common stock in exchange for the conversion of $3,922 of Series B convertible
preferred stock and accrued dividends.



On
November 6, 2020, the Company issued 1,867,619 shares of its common stock in exchange for the conversion of $3,922 of Series B convertible
preferred stock and accrued dividends.



On
November 11, 2020, the Company issued 2,271,429 shares of its common stock in exchange for the conversion of $4,770 of Series B convertible
preferred stock and accrued dividends.



On
November 11, 2020, the Company issued 2,375,494 shares of its common stock in exchange for the conversion of $2,067 of convertible debt
principal.



On
November 11, 2020, the Company issued 115,000,000 shares of its common stock to employees and advisors as compensation.



On
November 16, 2020, the Company issued 2,372,381 shares of its common stock in exchange for the conversion of $4,982 of Series B convertible
preferred stock and accrued dividends.



On
November 18, 2020, the Company issued 8,328,571 shares of its common stock in exchange for the conversion of $17,490 of Series B convertible
preferred stock and accrued dividends.



On
November 19, 2020, the Company issued 7,470,476 shares of its common stock in exchange for the conversion of $15,688 of Series B convertible
preferred stock and accrued dividends.



On
November 20, 2020, the Company issued 8,429,524 shares of its common stock in exchange for the conversion of $17,702 of Series B convertible
preferred stock and accrued dividends.



On
November 23, 2020, the Company issued 8,833,333 shares of its common stock in exchange for the conversion of $18,550 of Series B convertible
preferred stock and accrued dividends.



On
November 23, 2020, the Company issued 9,673,299 shares of its common stock in exchange for the conversion of $8,416 of convertible debt
principal.



On
November 24, 2020, the Company issued 8,833,333 shares of its common stock in exchange for the conversion of $18,550 of Series B convertible
preferred stock and accrued dividends.



On
November 25, 2020, the Company issued 9,590,476 shares of its common stock in exchange for the conversion of $20,140 of Series B convertible
preferred stock and accrued dividends.



On
November 30, 2020, the Company issued 10,990,526 shares of its common stock in exchange for the conversion of $20,882 of Series B convertible
preferred stock and accrued dividends.



F-20









On
December 1, 2020, the Company issued 7,420,000 shares of its common stock in exchange for the conversion of $13,356 of Series B convertible
preferred stock and accrued dividends.



On
December 9, 2020, the Company issued 12,434,783 shares of its common stock in exchange for the conversion of $8,580 of convertible debt
principal.



On
January 8, 2021, the Company issued 5,763,581 shares of common stock to two contractors for consulting services provided to the Company.



On
January 8, 2021, the Company issued 7,227,273 shares of its common stock in exchange for the conversion of $15,900 of Series B convertible
preferred stock and accrued dividends.



On
January 11, 2021, the Company issued 11,081,818 shares of its common stock in exchange for the conversion of $24,380 of Series B convertible
preferred stock and accrued dividends.



On
January 13, 2021, the Company issued 10,095,238 shares of its common stock in exchange for the conversion of $21,200 of Series B convertible
preferred stock and accrued dividends.



On
February 23, 2021, the Company issued 5,000,000 shares of common stock to two contractors for consulting services provided to the Company.



On
March 16, 2021, the Company issued 15,009,797 shares of its common stock in exchange for the conversion of $18,462 of convertible debt
principal.



On
April 8, 2021, the Company issued 15,758,699 shares of its common stock in exchange for the conversion of $19,383 of convertible debt
principal.



On
April 19, 2021, the Company issued 16,545,100 shares of its common stock in exchange for the conversion of $19,854 of convertible debt
principal.



On
May 4, 2021, the Company issued 17,370,578 shares of its common stock in exchange for the conversion of $22,324 of convertible debt principal
and accrued interest.



On
May 12, 2021, the Company issued 18,237,500 shares of its common stock in exchange for the conversion of $20,791 of accrued interest.



On
May 24, 2021, the Company issued 7,571,429 shares of its common stock in exchange for the conversion of $15,900 of Series B convertible
preferred stock and accrued dividends.



On
May 25, 2021, the Company issued 19,147,500 shares of its common stock in exchange for the conversion of $18,956 of convertible debt
principal.



On
May 26, 2021, the Company issued 10,095,238 shares of its common stock in exchange for the conversion of $21,200 of Series B convertible
preferred stock and accrued dividends.



On
May 27, 2021, the Company issued 10,095,238 shares of its common stock in exchange for the conversion of $21,200 of Series B convertible
preferred stock and accrued dividends.



On
June 8, 2021, the Company issued 21,488,300 shares of its common stock in exchange for the conversion of $16,761 of accrued interest
on convertible debt.



On
June 15, 2021, the Company issued 3,827,162 shares of common stock to a contractor for consulting services provided to the Company.



F-21









On
June 24, 2021, the Company issued 22,751,590 shares of its common stock in exchange for the conversion of $17,746 of accrued interest
on convertible debt.



On
July 8, 2021, the Company issued 18,794,702 shares of its common stock in exchange for the conversion of $15,788 of accrued interest
on convertible debt.



On
July 19, 2021, the Company issued 16,736,842 shares of its common stock in exchange for the conversion of $31,800 of Series B convertible
preferred stock and accrued dividends.



On
July 20, 2021, the Company issued 7,531,579 shares of its common stock in exchange for the conversion of $14,310 of Series B convertible
preferred stock and accrued dividends.



On
July 26, 2021, the Company issued 24,824,700 shares of its common stock in exchange for the conversion of $27,804 of convertible debt
principal and accrued interest.



On
August 9, 2021, the Company issued 27,274,500 shares of its common stock in exchange for the conversion of $30,547 of convertible debt
principal and accrued interest.



On
August 25, 2021, the Company issued 28,635,500 shares of its common stock in exchange for the conversion of $28,636 of convertible debt
principal and accrued interest.



On
September 2, the Company issued 15,588,235 shares of its common stock in exchange for the conversion of $26,500 of Series B convertible
preferred stock and accrued dividends.



On
September 3, 2021, the Company issued 11,535,294 shares of its common stock in exchange for the conversion of $19,610 of Series B convertible
preferred stock and accrued dividends.



On
September 9, 2021, the Company issued 18,320,200 shares of its common stock in exchange for the conversion of $18,320 of convertible
debt principal and accrued interest.



On
September 28, 2021, the Company issued 32,332,000 shares of its common stock in exchange for the conversion of $32,332 of convertible
debt principal and accrued interest.



On
October 25, 2021, the Company issued 33,945,400 shares of its common stock in exchange for the conversion of $38,019 of convertible debt
principal and accrued interest.



On
November 15, 2021, the Company issued 35,639,300 shares of its common stock in exchange for the conversion of $22,809 of convertible
debt principal and accrued interest.



On
November 29, 2021, the Company issued 29,444,444 shares of its common stock in exchange for the conversion of $21,200 of Series B convertible
preferred stock and accrued dividends.



NOTE
13 -LEGAL PROCEEDINGS



The
Company is not currently a party to any material legal proceedings. The Company’s counsel has no formal knowledge in the form of
filings of any pending or contemplated litigation, claims or assessments. With regard to matters recognized to involve an unasserted
possible claim or assessment that may call for financial statement disclosure and to which counsel has formed a professional conclusion
that the Company should disclosure or consider disclosure concerning such possible claims or assessment, as a matter of professional
responsibility to the Company, counsel will so advise and will consult with the company concerning the question of such disclosure and
the applicable requirements of FASB ASC 450, “Contingencies”. To date, counsel has no formal knowledge of any unasserted
possible claims.



F-22









NOTE
14 – SEGMENT INFORMATION



The
Company views its operations and manages its business as one segment. The Company business is to acquire, refurbish, add location electronics,
advertise and either sell or lease its commercial vehicles to independent drivers and operators. The Company’s customers represent
a single market or segment. As such, the Company makes operating decisions and assesses financial performance only for the Company as
a whole and does not make operating decisions or assess financial performance from the sale or lease of commercial vehicles individually.



NOTE
15 – REVENUE RECOGNITION



The
Company recognizes revenue when it satisfies performance obligations by the transfer of control of products or services to its customers,
in an amount that reflects the consideration it expects to be entitled to in exchange for those products or services.



The
Company recognizes revenue from class 8 heavy duty truck sales to customers when it satisfies its performance obligation, at a point
in time, when title to the truck is transferred to the customer and collection of cash is certain. Delivery or shipping charges billed
to customers, if applicable, are included in product sales and the related shipping costs are included in cost of goods sold. For the
year ended November 30, 2021, the Company recognized sales revenue from the resale of refurbished trucks of $3,541,445, as compared to
sales revenue from the resale of refurbished trucks of $3,324,479 during the year ended November 30, 2020.



The
Company also recognize revenue from the rental of class 8 heavy-duty trucks to customers. Revenue from these truck rental agreements
is recognized based upon the passage of time over the term of the arrangement once control of the underlying asset has been transferred
to the customer. The arrangements require weekly payments, and the customer may cancel the agreement at any time by notifying the Company
in writing at least 30 days before such termination. For the year ended November 30, 2021, the Company recognized sales revenue from
the rental of its trucks of $804,377, as wells as repair income of $39,020, as compared to sales revenue from the rental of its trucks
of $417,937, as wells as repair income of $26,745, during the year ended November 30, 2020.



NOTE
16 - SUBSEQUENT EVENTS



In
accordance with FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to November 30, 2021 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, except as follows:





F-23











SIGNATURES



Pursuant
to the requirements of Section 13 or 15(d) 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.



|                         | DANIELS
    CORPORATE ADVISORY COMPANY, INC.
|------------------------ | --------------------------------------------
|                         |                                             
|Date:
    March __, 2022 | By:                                         
|                         |                                             
|                         |                                             
|                         |                                             
|Date:
    March __, 2022 | By:                                         
|                         |                                             
|                         |                                             



Pursuant
to the requirements of the Securities Act of 1934, this report has been signed below by the following persons on behalf of the Registrant
and in the capacity and on the dates indicated.



|Signature               |  | Title                                            |  | Date              
|----------------------- |  | ------------------------------------------------ |  | ------------------
|                        |  |                                                  |  |                   
|/S/
    NICHOLAS VIOLA  |  | Chief
    Executive Officer                      |  | March
    __, 2022
|Nicholas
    Viola      |  | (Principal
    Executive Officer)                |  |                   
|                        |  |                                                  |  |                   
|/S/
    KEITH L. VOIGTS |  | Chief
    Financial Officer                      |  | March
    __, 2022
|Keith
    L. Voigts     |  | (Principal
    Financial and Accounting Officer) |  |                   



30