PDRO Pedros List Inc (CE)

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 

FORM 10-Q 

☒      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 

FOR THE QUARTERLY PERIOD ENDED

July 31, 2023 

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 

Commission file number 333-201215 

I.R.S. Employer Identification No. 32-0450509 

PEDRO’S LIST, INC.

(Exact name of registrant as specified in its charter)

 Nevada
(State or other jurisdiction of incorporation or organization)

 11700 West Charleston Blvd.

Suite 170-174

Las Vegas, NV 89135

(Address of principal executive offices, including zip code.)

 (702) 985-7544
(Telephone number, including area code) 

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		N/A		N/A

 

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 last 90 days. Yes[X] No [ ] 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X ] No [   ]

 

  

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

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

 

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

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

Indicate the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 63,593,986 shares of common stock as of the date of September 14, 2023.

 

1 

  

PEDRO’S LIST, INC.

July 31, 2023

FORM 10-Q 

TABLE OF CONTENTS 

Item #	Description	Page Numbers
	PART I
ITEM 1	UNAUDITED FINANCIAL STATEMENTS AND NOTES TO FINANCIAL STATEMENTS	3
ITEM 2	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	16
ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	18
ITEM 4	CONTROLS AND PROCEDURES	18
	PART II
ITEM 1	LEGAL PROCEEDINGS	19
ITEM 1A	RISK FACTORS	19
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	19
ITEM 3	DEFAULTS UPON SENIOR SECURITIES	19
ITEM 4	MINE SAFETY DISCLOSURES	19
ITEM 5	OTHER INFORMATION	19
ITEM 6	EXHIBITS	19
	SIGNATURES	20

 

2 

 

  

ITEM 1.     FINANCIAL STATEMENTS 

PEDRO’S LIST, INC.  

INDEX TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)  

TABLE OF CONTENTS  

 

	PAGE
CONDENSED BALANCE SHEETS (UNAUDITED)	4
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)	5
CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)	6
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)	7
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS	8

 

 

  

 

 

 

3 

  

PEDRO'S LIST, INC.

(Formerly Quest Management, Inc.)

Condensed Consolidated Balance Sheets

July 31, 2023 and October 31, 2022

(Unaudited)

 

		July 31,				October 31,
		2023				2022
ASSETS
Current Assets
Cash		$	2,953			$	17,518
Note receivable			—				6,000
Total Current Assets			2,953				23,518
Total Assets		$	2,953			$	23,518
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
Current Liabilities
Notes payable		$	244,660			$	296,829
Note payable- Related party			8,125				37,500
Accounts payable and accrued expenses			39,574				30,113
Accounts payable and accrued expenses- Related party			60,293				5,363
Deposits for purchase of common stock			25,000				—
Total Current Liabilities			377,652				369,805
Total Liabilities			377,652				369,805
Commitments and contingencies			—				—
Stockholders (Deficit)
Preferred stock, $.00001 par value, 125,000,000 shares authorized,
10,000,000 designated as Series A Preferred Stock, 0 shares issued
Preferred stock, $.00001 par value, 125,000,000 shares authorized, 10,000,000 designated as Series A Preferred Stock, 0 shares issued and outstanding at July 31, 2023 and October 31, 2022			—				—
Common stock, $0.00001 par value, 750,000,000 shares authorized;
63,593,986 and  50,073,887 shares issued and outstanding at
Common stock, $0.00001 par value, 750,000,000 shares authorized; 63,593,986 and  50,073,887 shares issued and outstanding at July 31, 2023 and October 31, 2022			636				501
Additional paid-in capital			1,805,379				1,371,499
Accumulated (Deficit)			(2,180,714	)			(1,718,287	)
Total Stockholders' (Deficit)			(374,699	)			(346,287	)
Total Liabilities and Stockholders' (Deficit)		$	2,953			$	23,518

 

The accompanying footnotes are an integral part of these unaudited condensed financial statements.

 

4 

 

Condensed Consolidated Statements of Operations

For the Three and Nine Months Ended July 31, 2023 and 2022

(Unaudited)

 

		Three Months Ended								Nine Months Ended
		July 31,								July 31,
		2023				2022				2023				2022
Revenues		$	—			$	—			$	—			$	—
Total revenues			—				—				—				—
Operating Expenses
General and administrative			118,781				92,525				443,306				50,955
Total operating expenses			118,781				92,525				443,306				50,955
(Loss) before other expenses			(118,781	)			(92,525	)			(443,306	)			(50,955	)
Other (expense)
Loss from debt conversion			—				—				(8,125	)			—
Impairment loss			—				(647,739	)			—				(647,739	)
Impairment loss on note receivable			—				—				(6,000	)			—
Forgiveness of debt			16,150								16,150
Interest income			—				—				7				—
Interest (expense)-Related party			—				—				(1,153	)			—
Interest (expense)			—				(1,070	)			(20,000	)			(1,070	)
Total other (expense)			16,150				(648,809	)			(19,121	)			(648,809	)
(Loss) before income taxes			(102,631	)			(741,334	)			(462,427	)			(699,764	)
Income taxes			—				—				—				—
Net (loss)		$	(102,631	)		$	(741,334	)		$	(462,427	)		$	(699,764	)
(Loss) per share- Basic and diluted		$	(0.00	)		$	(10.76	)		$	(0.01	)		$	(11.87	)
Weighted average shares outstanding
Weighted average shares outstanding Basic and diluted			63,508,937				68,887				62,068,482				58,942

 

The accompanying footnotes are an integral part of these unaudited condensed financial statements.

 

5 

PEDRO'S LIST, INC.

(Formerly Quest Management, Inc.)

Condensed Consolidated Statements of Stockholders' (Deficit)

For the Three Months Ended January 31, April 30, July 31, 2023 and 2022

(Unaudited)

 

																		Additional
		Preferred Stock								Common Stock								Paid-In				Accumulated				Stockholders'
		Shares				Amount				Shares				Amount				Capital				(Deficit)				(Deficit)
Balance- November 1, 2021			—			$	—				53,887			$	1			$	771,999			$	(835,927	)		$	(63,927	)
Issuance of common stock for acquisition
Issuance of common stock for acquisition, shares
Distributions by Subsidiary
Common stock issued for debt conversion
Common stock issued for debt conversion, shares
Common stock issued for services
Common stock issued for services, shares
Contribution of capital
Common stock issued for cash
Common stock issued for cash, shares
Net (loss) for the three months ended January 31, 2022			—				—				—				—				—				(28,250	)			(28,250	)
Balance- January 31, 2022			—				—				53,887				1				771,999				(864,177	)			(92,177	)
Net (loss) for the three months ended April 30, 2022			—				—				—				—				—				(22,705	)			(22,705	)
Balance- April 30, 2022			—				—				53,887				1				771,999				(886,882	)			(114,882	)
Issuance of common stock for acquisition			—				—				20,000				20				549,980				—				550,000
Distributions by Subsidiary			—				—				—				—				—				(35,984	)			(35,984	)
Net (loss) for the year ended July 31, 2022			—				—				—				—				—				(690,379	)			(690,379	)
Balance- July 31, 2022			—			$	—				73,887			$	21			$	1,321,979			$	(1,613,245	)		$	(291,245	)

 

 

 

																			Additional
			Preferred Stock								Common Stock								Paid-In				Accumulated				Stockholders'
			Shares				Amount				Shares				Amount				Capital				(Deficit)				(Deficit)
Balance- November 1, 2022			—			$	—				50,073,887			$	501			$	1,371,499			$	(1,718,287	)		$	(346,287	)
Common stock issued for debt conversion											12,500,000				125				12,375				—				12,500
Net (loss) for the three months ended January 31, 2023			—				—				—				—				—				(63,019	)			(63,019	)
Balance- January 31, 2023			—				—				62,573,887				626				1,383,874				(1,781,306	)			(396,806	)
Common stock issued for debt			—				—				250,000				2				174,998				—				175,000
Common stock issued for services			—				—				600,000				6				179,994				—				180,000
Contribution of capital			—				—				—				—				31,515				—				31,515
Net (loss) for the three months ended April 30, 2023			—				—				—				—				—				(296,777	)			(296,777	)
Balance- April 30, 2023			—				—				63,423,887				634				1,770,381				(2,078,083	)			(307,068	)
Common stock issued for cash			—				—				170,099				2				34,998				—				35,000
Net (loss) for the three months ended July 31, 2023			—				—				—				—				—				(102,631	)			(102,631	)
Balance- July 31, 2023			—			$	—				63,593,986			$	636			$	1,805,379			$	(2,180,714	)		$	(374,699	)

 

The accompanying footnotes are an integral part of these unaudited condensed financial statements.

 

6

 

PEDRO'S LIST, INC.

(Formerly Quest Management, Inc.)

Condensed Consolidated Statements of Cash Flows

For the Nine Months Ended July 31, 2023 and 2022

(Unaudited)

 

		Nine Months Ended
		July 31,
		2023				2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)		$	(462,428	)		$	(741,334	)
Adjustments to reconcile net loss to net cash used
Adjustments to reconcile net loss to net cash used in operating activities:
(Loss) from debt conversion			8,125				—
Common stock issued for services			180,000				—
Impairment loss			—				647,739
Impairment loss on note receivable			6,000				—
Forgiveness of debt			16,150				—
Changes in assets and liabilities:
Increase in accounts payable and accrued expenses			9,461				41,451
Increase in accounts payable and accrued expenses- Related party			54,146				—
Increase in deposits for purchase of common stock			25,000				—
Net cash (used) in operating activities			(163,546	)			(52,144	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock for cash			35,000				—
Increase in notes payable			113,981				52,269
Net cash provided by financing activities			148,981				52,269
Net (decrease) in cash			(14,565	)			125
CASH AT BEGINNING PERIOD			17,518				—
CASH AT END OF PERIOD		$	2,953			$	125
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest		$	—			$	—
Cash paid for income taxes		$	—			$	—
Common stock issued for debt conversion		$	187,500			$	—
Common stock issued for services		$	180,000			$	—
Impairment loss		$	—			$	647,739
Forgiveness of debt		$	16,150			$	—

 

The accompanying footnotes are an integral part of these unaudited condensed financial statements.

 

7

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022

 

NOTE 1- Business, Basis of Presentation and Significant Accounting Policies

 

Nature of Operations

 

Pedro’s List, Inc., formerly known as Quest Management, Inc. (the “Company”) was incorporated in the State of Nevada on October 12, 2014. The Company originally intended to engage in the business of development of marketing channels to distribute fitness equipment to the wholesale market in the United States. The Company acquired Pedro’s List U.S. L.L.C. on May 23, 2022 through the exchange of 20,000 shares of its common stock and is entering into the business of offering an online service to consumers looking for credible and reputable home service and repair providers in Mexico. This acquisition was treated as a purchase with Pedro’s List, Inc. being the Acquirer.

 

The Company may continue to seek the acquisition of other business activities and the related capital needed to enter into an activity to bring operations that would be profitable and increase the value to the shareholders. The activities may be in the industries currently or previously pursued, but it is not known at this point in time, and the current operations will be financed by its parent company and/or debts incurred by the Company.

 

Basis of Presentation

 

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars. The Financial Statements and related disclosures as of October 31, 2022 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). All other periods presented in these financial statements are unaudited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Quest Management,” “we,” “us,” “our” or the “Company” are to Pedro’s List, Inc.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.  

 

Revenue Recognition

 

The Company applies ASC 606, Revenue from Contracts with Customers. Under ASC 606, the Company will recognize revenue from the sale of our exercise equipment by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue as each performance obligation is satisfied.

 

Advertising

 

Advertising costs are expensed as incurred.  Advertising expenses for the nine months ended July 31, 2023 and 2022 were $0.

 

 

 

8

 

 

  

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 22, 2022

 

NOTE 1 – Business, Basis of Presentation and Significant Accounting Policies (Continued)

 

Intangibles with Finite Lives

 

The Company applies the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10, Property, Plant and Equipment, where applicable to all long-lived assets. FASB ASC 360-10 addresses accounting and reporting for impairment and disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with FASB ASC 360-10. FASB ASC 360-10 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal.

 

The Company does not amortize any intangible assets with finite lives.

 

Goodwill and intangible assets are reviewed for potential impairment whenever events or circumstances indicate that their carrying amounts may not be recoverable. Management determined an impairment adjustment related to these intangibles was necessary at October 31, 2022. The Company impaired the goodwill allocated from the purchase of its Subsidiary in the amount of $647,739.

 

Fair Value of Financial Instruments

 

The Company adopted ASC 820, Fair Value Measurements and Disclosures, which provides a framework for measuring fair value under US GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use

of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

 

Level 1 — Quoted prices for identical assets and liabilities in active markets;

Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and

Level 3 — Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

  

 

 

 

 

9

 

 

  

 

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022

 

NOTE 1 – Business, Basis of Presentation and Significant Accounting Policies (Continued)

 

 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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.

 

Emerging Growth Company Critical Accounting Policy Disclosure

 

The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.   As an emerging grown company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company has chosen to “opt out” of such extended transition period, and as a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies.

 

Income Taxes

 

The Company accounts for income taxes under ASC 740-10-30, Income Taxes. Deferred income tax assets and liabilities are determined based upon 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.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.

 

The Company adopted ASC 740-10-25, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under ASC 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.  ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25.

 

Loss Per Share

 

Net loss per common share is computed pursuant to ASC 260-10-45, Earnings Per Share.  Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period, unless their effect is anti-dilutive due to continuing losses.  There were no potentially dilutive shares outstanding as of April 30, 2023 and October 31, 2022, respectively 

 

 

 

10

 

 

 

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022

 

j NOTE 1 – Business, Basis of Presentation and Significant Accounting Policies (Continued)

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of Pedro’s List, Inc. and its wholly owned Subsidiary Pedro’s List U.S. L.L.C. All intercompany transactions are eliminated in consolidation. 

 

Recent Accounting Pronouncements

 

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations or financial position.

 

NOTE 2 – Financial Condition and Going Concern

 

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company had limited operations during the period from October 12, 2014 (date of inception) to July 31, 2023 resulted in an accumulated deficit of $2,180,714. As of July 31, 2023, the Company had a working capital deficit of $374,699. These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieve profitable operations.

 

Management intends to raise additional operating funds through equity and/or debt offerings.  However, there can be no assurance management will be successful in its endeavors.  Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern.

 

There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements.  To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital.  No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company.  If adequate working capital is not available to the Company, it may be required to curtail its operations. 

 

 

 

 

 

 

11 

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022 

NOTE 3 – Acquisition

 

Effective May 23, 2022 acquired all membership interests in Pedro’s List U.S. L.L.C.(“PLLLC”).

 

The purchase price for the acquisition of PLLLC was the issuance of 20,000 shares of the Company’s common stock at $27.50 per share and the assumption of the net liabilities of PLLLC. One hundred percent of the purchase price was allocated to goodwill.  

 

The allocation of the purchase price and the estimated fair market values of the assets acquired, and liabilities assumed are shown below. 

Cash		$	45,198
Intercompany debt offset			18,155
Note receivable			6,000
Total assets acquired			69,353
Accounts payable and accrued expenses			9,682
Notes payable			157,410
Total liabilities assumed			167,092
Net debt assumed			97,439
Common stock issued			550,000
Amount allocated to goodwill (impaired)		$	647,439

  

NOTE 4 – Notes Payable

 

The Company’s debt consists of the following: 

		July 31, 2023				October 31, 2022
Notes payable, non-interest bearing, due upon demand, unsecured. (1)		$	53,269			$	53,269
Note payable, non-interest bearing, due upon demand, unsecured. (1)			32,410				32,410
Note payable, non-interest bearing, due on August 23, 2023, unsecured. (1)			49,995				—
Note payable, 10% per month interest, due with interest on September 1, 2023, secured by assets of the company			—				50,000
Note payable, non-interest bearing, due upon demand, unsecured.  (1)			108,986				45,000
Note payable, non-interest bearing, due upon demand, unsecured.			—				100,000
Note payable, non-interest bearing, due upon demand, unsecured.			---				6,150
Notes payable, non-interest bearing, due upon demand, unsecured			---				10,000
Total due			244,660				296,829
Current Portion			244,660				296,829
Long-term portion		$	—			$	—

  

Interest expense was $20,000 for the nine months ended July 31, 2023 and a total of $0 is due on the above notes at July 31, 2023. The accrued interest was converted into common stock with the principle of the note due on March 1, 2023.

 

(1)

All of these notes have been converted to new demand notes effective September 1, 2023 and have a 10% interest rate.

 

12

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022 

 

 

NOTE 5 – Note Payable -Related Party

 

The Company’s related party debt consists of the following:

 

		July 31,  2023				October 31, 2022
Notes payable, non-interest bearing, due upon demand, unsecured		$	8,125			$	12,500
Note payable, 15% interest, due upon demand, unsecured.			—				25,000
Total due			8,125				37,500
Current Portion			8,125				37,500
Long-term portion		$	—			$	—

   

Interest expense was $1,153 for the nine months ended July 31, 2023 and a total of $0 is due on the above notes at July 31, 2023 The accrued interest was contributed into additional paid-in capital with the principle of the note on February 1, 2023.

 

NOTE 6 – Capital Stock

 

The Company on February 22, 2023 amended its Articles of Incorporation by changing its Par Value to $.00001 from $.001. This change has been retroactively restated for prior periods in the financial statements. The Company increased its authorized stock from 750,000,000 to 875,000,000 with 750,000,000 being authorized common stock and 125,000,000 preferred stock. The Company designated 10,000,000 shares of the authorized preferred stock into a Series A that is convertible into Common Stock of the Company at 25 shares of Common Stock for 1 share of Preferred Stock.

 

The Company on May 23, 2022 issued 20,000 shares of its common stock valued at $27.50 per share for the acquisition of Pedro’s List U.S. L.L.C. This transaction was determined to be an acquisition for accounting purposes with Pedro’s List, Inc. being the Acquirer.

 

The Company on October 11, 2022 issued 50,000,000 shares of its common stock valued at $.001 per share for services.

 

The Company reverse split its common stock on a one for five thousand basis in early August. This split has been retroactively reflected in these financial statements. 

 

The Company issued in November 12,500,000 shares of common stock for $4,375 of a note payable to a related party. The Company recorded a $8,125 loss on this transaction.

 

An Officer and Director contributed a note payable of $25,000 plus $6,515 to additional paid-in capital on February 1, 2023.

 

A note payable of $50,000 plus $25,000 of accrued interest was converted into 50,000 shares of common stock on March 1, 2023.

 

A note payable of $100,000 was converted into 200,000 shares of common stock on March 1, 2023.

 

The Company had $35,000 in cash proceeds from the sale of 170,099 shares of its common stock during the quarter ended July 31, 2023. 

 

13

.

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022

 

NOTE 7 – Forgiveness of Debt

 

Two noteholders released the Company from any obligation on their notes totaling $16,150.

 

NOTE 8 – Contingencies and Commitments

 

The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur.

 

The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

 

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.  

 

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.

 

The management of the Company has conducted a diligent search and concluded that there were no commitments, contingencies, or legal matters pending at the balance sheet dates. 

 

The effects of Covid -19 could impact our ability to operate under the going concern and maintain sufficient liquidity to continue operations. The impact of Covid-19 on companies is evolving rapidly and its future effects are uncertain. There are material uncertainties from Covid-19 that cast significant doubt on the company’s ability to operate under the going concern. It is highly likely that our company will have issues relating to the current situation that need to be considered by management. There will be a wide range of factors to take into account in going concern judgments and financial projections including travel bans, restrictions, government assistance and potential sources of replacement financing, financial health of suppliers and customers and their effect on expected profitability and other key financial performance ratios including information that shows whether there will be sufficient liquidity to continue to meet obligations when they are due. 

 

 

14

 

PEDRO’S LIST, INC.

(Formerly Quest Management, Inc.)

Notes to Condensed Consolidated Unaudited Financial Statements

July 31, 2023 and October 31, 2022

 

 

NOTE 9 – Related Party Transactions

 

A loan amount of $12,500 was due to Custodian of the company on a note payable. The note payable is non-interest bearing, unsecured and is payable on demand. The Company issued 12,500,000 shares of its common stock for $4,375 of the note payable and recorded an $8,125 loss on the transaction.

 

The Company issued on October 11, 2022 10,000,000 shares to an officer and director of the company valued at $.001 per share for past services.

 

A note payable in the amount of $25,000 is due to an individual that came onto the Board of Directors October 11, 2022. This amount was reclassified from the regular notes payable to related parties. The note of $25,000 plus accrued interest expense of $6,515 was contributed to additional paid-in capital on February 1, 2023.

 

NOTE 10 – Subsequent Events

 

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to July 31, 2023 through the date these financial statements were issued and has determined that it has two material subsequent events to disclose in these financial statements.

 

The Company took in $25,000 in July of 2023 under a Stock Purchase Agreement for the purchase of 55,000 shares of the Company’s common stock. The common shares have yet to be issued.

 

 The Company took in $25,000 in August of 2023 under a Stock Purchase Agreement for the purchase of 22,500 shares of the Company’s common stock. The common shares have yet to be issued.

 

 

 

15

ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

 

Forward-looking Statements

 

Statements made in this Quarterly Report, which are not purely historical, are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.

 

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.

 

Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

 

Plan of Operation

 

In May 2022, we acquired Pedro’s List, LLC which is in the technology business to provide online service to consumers in the Mexican market.

 

Our plan of operation for the next 12 months is to: (i). execute on the proof of concept and differentiators, (ii) establish the market for our services (iii) assemble a team of highly skilled and experienced people (iii) execute the technology and establish a revenue base for our services. During the next 12 months, our cash requirements include expenses to market our technology; expenses to set up facilities and systems set ups to provide the services to the consumers; the payment of our SEC reporting and filing expenses, including associated legal and accounting fees; and costs incident to maintaining our good standing as a corporation in our state of organization. We anticipate that we will need to raise additional equity funds to successfully commence and operate not only our online technologies but create a system of providers to the consumer. We have no commitment to raise any additional funds at the present time, and we can offer no assurance that we will be able to raise additional funds on terms acceptable to the Company.

 

Liquidity and Capital Resources

 

As of July 31, 2023, we had total current assets of $2,953 consisting of $2,953 in cash. We had $377,652 in total current liabilities as of July 31, 2023.  Our total current liabilities of $377,652 consisted of notes payable $244,660, notes payable-related party of $8,125, accounts payable and accrued expenses of $39,574, accounts payable and accrued expenses-Related parties of $60,293 and deposits for purchase of common stock of $25,000. See our Plan of Operation above for information about our cash requirements for the next 12 months.

 

For a description of the various loans that the Company has outstanding see footnotes 4 and 5 to the Company’s financial statements included herein. The Company intends to repay these loans from future revenues and offerings of capital raises, though none have been formally established at the date of this report.

  

See the Exhibit Index below to determine where copies of the various promissory notes and/or amendments are located. The Company may seek additional loans from third parties on the same or similar terms in the near future on a as needed basis, but the Company can offer no assurance that additional funds will be available to the Company.

 

The Company received an additional $25,000 in August 2023 to purchase newly issued restricted common stock from the Company.

  

16

 

  

Results of Operations

 

Three months Ended July 31, 2023 and Three Months Ended July 31, 2022

 

We had no revenues during the quarter ended July 31, 2023.  

 

We incurred general and administrative expenses of $118,781 for the quarter ended July 31, 2023, an increase of $26,256 from the $92,525 of general and administrative expenses incurred during the quarter ended July 31, 2022. The increase was due to increases in consulting fees paid to the management of the Company. The other increases were due to professional fees paid and IT consultants.  

 

We incurred interest expenses of $0 in the quarter ended July 31, 2023, a decrease of $1,070 from $1,070 of interest expense incurred in the quarter ended July 31, 2022. The decrease is due to the decrease in the aggregate principal balance of the notes payable in the later period from the conversion of the borrowings into common stock.

 

Certain note holders in the quarter ended July 31, 2023, forgave their notes in the amount of $16,150.

 

We incurred a net loss of $102,631 or approximately $0.00 per share, in the quarter ended July 31, 2023, which is $638,703 than the net loss of $741,334 incurred in the quarter ended July 31, 2022.  The decrease in the net loss incurred in the later period is largely attributable to the impairment loss of $647,739 incurred in the quarter ended July 31, 2022.

 

Capital Resources

 

Three months Ended July 31, 2023 and Three Months Ended July 31, 2022

 

The cash flows from operating activities during the quarter ended July 31, 2023, consisted of the following: The net loss of $102,632 partially offset by $16,150 from the non-cash forgiveness of notes payable, a $23,741 decrease in accounts payable and accrued expenses, a increase in accounts payable and accrued expenses-Related parties of $52,994 and an increase in deposits for the purchase of common stock of $25,000, resulting in net cash used in operating activities of $32,229.

 

The cash flows from operating activities during the prior quarter ended July 31, 2022, consisted of the following: The net loss of $690,379 partially offset by a non-cash impairment loss of $647,739, an increase of $33,765 in accounts payable and accrued expenses and an increase in accounts payable and accrued expenses-Related parties of $8,000, resulting in net cash used in operating activities of $875.

 

The cash flows from financing activities during the quarter ended July 31, 2023, consisted of the following: We received proceeds from the sale of newly issued common stock in the amount of $35,000, resulting in net cash provided by financing activities of $35,000.

 

The cash flows from financing activities during the quarter ended July 31, 2022, were $1,000 from an increase in notes payable of $1,000.

 

Going Concern

 

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has sustained operating losses during the current year-to-date and may not achieve the level of profitable operations to sustain its activities.  These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieve profitable operations.

 

Management intends to raise additional operating funds to fund operations for the next 12 months through proceeds to be received from the raising funds through equity and/or debt offerings.  However, there can be no assurance management will be successful in its endeavors. Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern.

 

 

17

  

There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements.  To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital.  No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company.  If adequate working capital is not available to the Company, it may be required to curtail its operations.

 

Emerging Growth Company Critical Accounting Policy Disclosure

 

The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.   As an emerging grown company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company may elect to take advantage of the benefits of this extended transition period in the future.

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors. 

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 

Smaller reporting companies are not required to provide the information required by this item. 

ITEM 4.     CONTROLS AND PROCEDURES. 

Evaluation of Disclosure Controls and Procedures 

As required by Rule 13a-15 under the Exchange Act, our management has evaluated the effectiveness of the design and operation of our disclosure controls and procedures at July 31, 2023, which is the end of the fiscal quarter covered by this report. This evaluation was carried out by our principal executive officer and our principal financial officer. Based on this evaluation our principal executive officer and our principal financial officer have concluded that our disclosure controls and procedures were not effective as at the end of the period covered by this report. Given the size of our current operation and existing personnel, the opportunity to implement internal control procedures that segregate accounting duties and responsibilities is limited. Until the organization can increase in size to warrant an increase in personnel, formal internal control procedures will not be implemented until they can be effectively executed and monitored. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by our company 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. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.

 

Management believes that despite our material weaknesses set forth above, our consolidated financial statements for the quarter ended July 31, 2023, are fairly stated, in all material respects, in accordance with U.S. GAAP.

 

Changes in Internal Control over Financial Reporting

 

During the quarter ended July 31, 2023, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

 

18

PART II. OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS 

None. 

ITEM 1A. RISK FACTORS 

As a smaller reporting company, we are not required to provide the information required by this item. 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  

None. 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 

None. 

ITEM 4. MINE SAFETY DISCLOSURES 

N/A 

ITEM 5. OTHER INFORMATION 

None. 

ITEM 6.     EXHIBITS. 

The following exhibits are included with this quarterly filing. Those marked with an asterisk and required to be filed hereunder, are incorporated by reference, and can be found in their entirety in our Registration Statement on Form S-1, filed under SEC File Number 333-201215, at the SEC website at www.sec.gov: 

Exhibit Number		Description
3.1		Articles of Incorporation*
3.2		Bylaws*
31.1		Sec. 302 Certification of Principal Executive Officer
31.2		Sec. 302 Certification of Principal Financial Officer
32.1		Sec. 906 Certification of Principal Executive Officer
32.2		Sec. 906 Certification of Principal Financial Officer
101		Interactive data files pursuant to Rule 405 of Regulation S-T

 

   

 

19

  

SIGNATURES

 

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

	PEDRO’S LIST, INC.
	(Registrant)
Dated: September 14, 2023	By:	/s/ Andrew Birnbaum
		Andrew Birnbaum
		(Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and Sole Director)

 

Exhibit 31.1

CERTIFICATION

 

I, Andrew Birnbaum certify that:

 

1.	I have reviewed this report on Form 10-Q for the quarter ending July 31, 2023.

 

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

 

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

 

4.

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

 

a)

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

 

b)

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

 

c)

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

 

d)

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

 

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

 

a)

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

 

b)

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

Date: September 14, 2023

 

/s/ Andrew Birnbaum

Andrew Birnbaum

Chief Executive Officer

Exhibit 31.2

CERTIFICATION

I, Andrew Birnbaum, certify that:

 

1.	I have reviewed this report on Form 10-Q for the quarter ending July 31, 2023.

 

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

 

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

 

4.

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

 

a)

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

 

b)

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

 

c)

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

 

d)

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

 

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

 

a)

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

 

b)

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

 

Date: September 14, 2023

 

/s/ Andrew Birnbaum

Andrew Birnbaum

Chief Financial Officer

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterlyl Report of Pedro’s List, Inc. (the “Company”) on Form 10-Q for the quarter ended July 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Andrew Birnbaum, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

 

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

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

 

IN WITNESS WHEREOF, the undersigned has executed this certification as of September 14, 2023.

 

/s/ Andrew Birnbaum

Andrew Birnbaum

Chief Executive Officer

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Pedro’s List, Inc. (the “Company”) on Form 10-Q for the quarter ended July 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Andrew Birnbaum, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

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

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

 

IN WITNESS WHEREOF, the undersigned has executed this certification as of September 14, 2023.

 

/s/ Andrew Birnbaum

Andrew Birnbaum

Chief Financial Officer

 

v3.23.2

Cover - shares	9 Months Ended
	Jul. 31, 2023	Sep. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--10-31
Entity File Number	333-201215
Entity Registrant Name	PEDRO’S LIST, INC.
Entity Central Index Key	0001627554
Entity Tax Identification Number	32-0450509
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	11700 West Charleston Blvd.
Entity Address, Address Line Two	Suite 170-174
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89135
City Area Code	702
Local Phone Number	985-7544
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		63,593,986

v3.23.2

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2023	Oct. 31, 2022
Current Assets
Cash	$ 2,953	$ 17,518
Note receivable		6,000
Total Current Assets	2,953	23,518
Total Assets	2,953	23,518
Current Liabilities
Notes payable	244,660	296,829
Note payable- Related party	8,125	37,500
Accounts payable and accrued expenses	39,574	30,113
Accounts payable and accrued expenses- Related party	60,293	5,363
Deposits for purchase of common stock	25,000
Total Current Liabilities	377,652	369,805
Total Liabilities	377,652	369,805
Commitments and contingencies
Stockholders (Deficit)
Common stock, $0.00001 par value, 750,000,000 shares authorized; 63,593,986 and  50,073,887 shares issued and outstanding at July 31, 2023 and October 31, 2022	636	501
Additional paid-in capital	1,805,379	1,371,499
Accumulated (Deficit)	(2,180,714)	(1,718,287)
Total Stockholders' (Deficit)	(374,699)	(346,287)
Total Liabilities and Stockholders' (Deficit)	$ 2,953	$ 23,518

v3.23.2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2023	Oct. 31, 2022
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized	125,000,000	125,000,000
Series A Preferred Stock Shares, authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares, Issued	63,593,986	50,073,887
Common Stock, Shares, Outstanding	63,593,986	50,073,887

v3.23.2

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Revenues
Total revenues
Operating Expenses
General and administrative	118,781	92,525	443,306	50,955
Total operating expenses	118,781	92,525	443,306	50,955
(Loss) before other expenses	(118,781)	(92,525)	(443,306)	(50,955)
Other (expense)
Loss from debt conversion			(8,125)
Impairment loss		(647,739)		(647,739)
Impairment loss on note receivable			(6,000)
Forgiveness of debt	16,150		16,150
Interest income			7
Interest (expense)-Related party			(1,153)
Interest (expense)		(1,070)	(20,000)	(1,070)
Other Expenses	16,150	648,809	19,121	648,809
Other Expenses	(16,150)	(648,809)	(19,121)	(648,809)
(Loss) before income taxes	(102,631)	(741,334)	(462,427)	(699,764)
Income taxes
Net (loss)	$ (102,631)	$ (741,334)	$ (462,427)	$ (699,764)
(Loss) per share- Basic and diluted	$ (0.00)	$ (10.76)	$ (0.01)	$ (11.87)
Weighted average shares outstanding Basic and diluted	63,508,937	68,887	62,068,482	58,942

v3.23.2

Condensed Consolidated Statements of Stockholders Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance- April 30, 2023 at Oct. 31, 2021	$ 1	$ 771,999	$ (835,927)	$ (63,927)
Shares, Issued at Oct. 31, 2021	53,887
Net (los			(28,250)	(28,250)
Balance- July 31, 2023 at Jan. 31, 2022	$ 1	771,999	(864,177)	(92,177)
Shares, Issued at Jan. 31, 2022	53,887
Balance- April 30, 2023 at Oct. 31, 2021	$ 1	771,999	(835,927)	(63,927)
Shares, Issued at Oct. 31, 2021	53,887
Common stock issued for services
Net (los				(741,334)
Balance- July 31, 2023 at Jul. 31, 2022	$ 21	1,321,979	(1,613,245)	(291,245)
Shares, Issued at Jul. 31, 2022	73,887
Balance- April 30, 2023 at Jan. 31, 2022	$ 1	771,999	(864,177)	(92,177)
Shares, Issued at Jan. 31, 2022	53,887
Net (los			(22,705)	(22,705)
Balance- July 31, 2023 at Apr. 30, 2022	$ 1	771,999	(886,882)	(114,882)
Shares, Issued at Apr. 30, 2022	53,887
Issuance of common stock for acquisition	$ 20	549,980		550,000
Issuance of common stock for acquisition, shares	20,000
Distributions by Subsidiary			35,984	35,984
Net (los			(690,379)	(690,379)
Distributions by Subsidiary			(35,984)	(35,984)
Balance- July 31, 2023 at Jul. 31, 2022	$ 21	1,321,979	(1,613,245)	(291,245)
Shares, Issued at Jul. 31, 2022	73,887
Balance- April 30, 2023 at Oct. 31, 2022	$ 501	1,371,499	(1,718,287)	(346,287)
Shares, Issued at Oct. 31, 2022	50,073,887
Common stock issued for debt	$ 125	12,375		12,500
Common stock issued for debt conversion, shares	12,500,000
Net (los			(63,019)	(63,019)
Balance- July 31, 2023 at Jan. 31, 2023	$ 626	1,383,874	(1,781,306)	(396,806)
Shares, Issued at Jan. 31, 2023	62,573,887
Balance- April 30, 2023 at Oct. 31, 2022	$ 501	1,371,499	(1,718,287)	(346,287)
Shares, Issued at Oct. 31, 2022	50,073,887
Common stock issued for services				$ 180,000
Common stock issued for cash, shares				170,099
Net (los				$ (462,428)
Balance- July 31, 2023 at Jul. 31, 2023	$ 636	1,805,379	(2,180,714)	(374,699)
Shares, Issued at Jul. 31, 2023	63,593,986
Balance- April 30, 2023 at Jan. 31, 2023	$ 626	1,383,874	(1,781,306)	(396,806)
Shares, Issued at Jan. 31, 2023	62,573,887
Common stock issued for debt	$ 2	174,998		175,000
Common stock issued for debt conversion, shares	250,000
Common stock issued for services	$ 6	179,994		180,000
Common stock issued for services, shares	600,000
Contribution of capital		31,515		31,515
Net (los			(296,777)	(296,777)
Balance- July 31, 2023 at Apr. 30, 2023	$ 634	1,770,381	(2,078,083)	(307,068)
Shares, Issued at Apr. 30, 2023	63,423,887
Common stock issued for cash	$ 2	34,998		35,000
Common stock issued for cash, shares	170,099
Net (los			(102,631)	(102,631)
Balance- July 31, 2023 at Jul. 31, 2023	$ 636	$ 1,805,379	$ (2,180,714)	$ (374,699)
Shares, Issued at Jul. 31, 2023	63,593,986

v3.23.2

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (462,428)	$ (741,334)
Adjustments to reconcile net loss to net cash used in operating activities:
(Loss) from debt conversion	8,125
Common stock issued for services	180,000
Impairment loss		647,739
Impairment loss on note receivable	6,000
Forgiveness of debt	16,150
Changes in assets and liabilities:
Increase in accounts payable and accrued expenses	9,461	41,451
Increase in accounts payable and accrued expenses- Related party	54,146
Increase in deposits for purchase of common stock	25,000
Net cash (used) in operating activities	(163,546)	(52,144)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock for cash	35,000
Increase in notes payable	113,981	52,269
Net cash provided by financing activities	148,981	52,269
Net (decrease) in cash	(14,565)	125
CASH AT BEGINNING PERIOD	17,518
CASH AT END OF PERIOD	2,953	125
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest
Cash paid for income taxes
Common stock issued for debt conversion	187,500
Common stock issued for services	$ 180,000

v3.23.2

NOTE 1- Business, Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
NOTE 1- Business, Basis of Presentation and Significant Accounting Policies	NOTE 1- Business, Basis of Presentation and Significant Accounting Policies   Nature of Operations   Pedro’s List, Inc., formerly known as Quest Management, Inc. (the “Company”) was incorporated in the State of Nevada on October 12, 2014. The Company originally intended to engage in the business of development of marketing channels to distribute fitness equipment to the wholesale market in the United States. The Company acquired Pedro’s List U.S. L.L.C. on May 23, 2022 through the exchange of 20,000 shares of its common stock and is entering into the business of offering an online service to consumers looking for credible and reputable home service and repair providers in Mexico. This acquisition was treated as a purchase with Pedro’s List, Inc. being the Acquirer.   The Company may continue to seek the acquisition of other business activities and the related capital needed to enter into an activity to bring operations that would be profitable and increase the value to the shareholders. The activities may be in the industries currently or previously pursued, but it is not known at this point in time, and the current operations will be financed by its parent company and/or debts incurred by the Company.   Basis of Presentation   The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars. The Financial Statements and related disclosures as of October 31, 2022 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). All other periods presented in these financial statements are unaudited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Quest Management,” “we,” “us,” “our” or the “Company” are to Pedro’s List, Inc.   Cash and Cash Equivalents   The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.     Revenue Recognition   The Company applies ASC 606, Revenue from Contracts with Customers. Under ASC 606, the Company will recognize revenue from the sale of our exercise equipment by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue as each performance obligation is satisfied.   Advertising   Advertising costs are expensed as incurred.  Advertising expenses for the nine months ended July 31, 2023 and 2022 were $0.         Intangibles with Finite Lives   The Company applies the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10, Property, Plant and Equipment, where applicable to all long-lived assets. FASB ASC 360-10 addresses accounting and reporting for impairment and disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with FASB ASC 360-10. FASB ASC 360-10 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal.   The Company does not amortize any intangible assets with finite lives.   Goodwill and intangible assets are reviewed for potential impairment whenever events or circumstances indicate that their carrying amounts may not be recoverable. Management determined an impairment adjustment related to these intangibles was necessary at October 31, 2022. The Company impaired the goodwill allocated from the purchase of its Subsidiary in the amount of $647,739.   Fair Value of Financial Instruments   The Company adopted ASC 820, Fair Value Measurements and Disclosures, which provides a framework for measuring fair value under US GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:   Level 1 — Quoted prices for identical assets and liabilities in active markets; Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 — Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.                 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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.   Emerging Growth Company Critical Accounting Policy Disclosure   The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.   As an emerging grown company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company has chosen to “opt out” of such extended transition period, and as a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies.   Income Taxes   The Company accounts for income taxes under ASC 740-10-30, Income Taxes. Deferred income tax assets and liabilities are determined based upon 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.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.   The Company adopted ASC 740-10-25, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under ASC 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.  ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25.   Loss Per Share   Net loss per common share is computed pursuant to ASC 260-10-45, Earnings Per Share.  Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period, unless their effect is anti-dilutive due to continuing losses.  There were no potentially dilutive shares outstanding as of April 30, 2023 and October 31, 2022, respectively          Principles of Consolidation   The consolidated financial statements include the accounts of Pedro’s List, Inc. and its wholly owned Subsidiary Pedro’s List U.S. L.L.C. All intercompany transactions are eliminated in consolidation.    Recent Accounting Pronouncements   We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations or financial position.

v3.23.2

NOTE 2 – Financial Condition and Going Concern	9 Months Ended
	Jul. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 2 – Financial Condition and Going Concern	NOTE 2 – Financial Condition and Going Concern   The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company had limited operations during the period from October 12, 2014 (date of inception) to July 31, 2023 resulted in an accumulated deficit of $2,180,714. As of July 31, 2023, the Company had a working capital deficit of $374,699. These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieve profitable operations.   Management intends to raise additional operating funds through equity and/or debt offerings.  However, there can be no assurance management will be successful in its endeavors.  Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern.   There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements.  To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital.  No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company.  If adequate working capital is not available to the Company, it may be required to curtail its operations.

v3.23.2

NOTE 3 – Acquisition	9 Months Ended
	Jul. 31, 2023
Business Combination and Asset Acquisition [Abstract]
NOTE 3 – Acquisition	NOTE 3 – Acquisition   Effective May 23, 2022 acquired all membership interests in Pedro’s List U.S. L.L.C.(“PLLLC”).   The purchase price for the acquisition of PLLLC was the issuance of 20,000 shares of the Company’s common stock at $27.50 per share and the assumption of the net liabilities of PLLLC. One hundred percent of the purchase price was allocated to goodwill.     The allocation of the purchase price and the estimated fair market values of the assets acquired, and liabilities assumed are shown below.            Cash   $ 45,198   Intercompany debt offset     18,155   Note receivable     6,000     Total assets acquired     69,353             Accounts payable and accrued expenses     9,682   Notes payable     157,410     Total liabilities assumed     167,092   Net debt assumed     97,439   Common stock issued     550,000   Amount allocated to goodwill (impaired)   $ 647,439

v3.23.2

NOTE 4 – Notes Payable	9 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
NOTE 4 – Notes Payable	NOTE 4 – Notes Payable   The Company’s debt consists of the following:        July 31, 2023   October 31, 2022 Notes payable, non-interest bearing, due upon demand, unsecured. (1)   $ 53,269     $ 53,269   Note payable, non-interest bearing, due upon demand, unsecured. (1)     32,410       32,410   Note payable, non-interest bearing, due on August 23, 2023, unsecured. (1)     49,995       —     Note payable, 10% per month interest, due with interest on September 1, 2023, secured by assets of the company     —         50,000   Note payable, non-interest bearing, due upon demand, unsecured.  (1)       108,986       45,000   Note payable, non-interest bearing, due upon demand, unsecured.     —         100,000   Note payable, non-interest bearing, due upon demand, unsecured.                   ---       6,150   Notes payable, non-interest bearing, due upon demand, unsecured                   ---       10,000                          Total due     244,660       296,829        Current Portion     244,660       296,829        Long-term portion   $ —       $ —        Interest expense was $20,000 for the nine months ended July 31, 2023 and a total of $0 is due on the above notes at July 31, 2023. The accrued interest was converted into common stock with the principle of the note due on March 1, 2023.   (1) All of these notes have been converted to new demand notes effective September 1, 2023 and have a 10% interest rate.

v3.23.2

NOTE 5 – Note Payable -Related Party	9 Months Ended
	Jul. 31, 2023
Note 5 Note Payable -related Party
NOTE 5 – Note Payable -Related Party	NOTE 5 – Note Payable -Related Party   The Company’s related party debt consists of the following:       July 31,  2023   October 31, 2022 Notes payable, non-interest bearing, due upon demand, unsecured   $ 8,125     $ 12,500    Note payable, 15% interest, due upon demand, unsecured.                  —         25,000                          Total due     8,125       37,500        Current Portion     8,125       37,500        Long-term portion   $ —       $ —         Interest expense was $1,153 for the nine months ended July 31, 2023 and a total of $0 is due on the above notes at July 31, 2023 The accrued interest was contributed into additional paid-in capital with the principle of the note on February 1, 2023.

v3.23.2

NOTE 6 – Capital Stock	9 Months Ended
	Jul. 31, 2023
Equity [Abstract]
NOTE 6 – Capital Stock	NOTE 6 – Capital Stock   The Company on February 22, 2023 amended its Articles of Incorporation by changing its Par Value to $.00001 from $.001. This change has been retroactively restated for prior periods in the financial statements. The Company increased its authorized stock from 750,000,000 to 875,000,000 with 750,000,000 being authorized common stock and 125,000,000 preferred stock. The Company designated 10,000,000 shares of the authorized preferred stock into a Series A that is convertible into Common Stock of the Company at 25 shares of Common Stock for 1 share of Preferred Stock.   The Company on May 23, 2022 issued 20,000 shares of its common stock valued at $27.50 per share for the acquisition of Pedro’s List U.S. L.L.C. This transaction was determined to be an acquisition for accounting purposes with Pedro’s List, Inc. being the Acquirer.   The Company on October 11, 2022 issued 50,000,000 shares of its common stock valued at $.001 per share for services.   The Company reverse split its common stock on a one for five thousand basis in early August. This split has been retroactively reflected in these financial statements.    The Company issued in November 12,500,000 shares of common stock for $4,375 of a note payable to a related party. The Company recorded a $8,125 loss on this transaction.   An Officer and Director contributed a note payable of $25,000 plus $6,515 to additional paid-in capital on February 1, 2023.   A note payable of $50,000 plus $25,000 of accrued interest was converted into 50,000 shares of common stock on March 1, 2023.   A note payable of $100,000 was converted into 200,000 shares of common stock on March 1, 2023.   The Company had $35,000 in cash proceeds from the sale of 170,099 shares of its common stock during the quarter ended July 31, 2023.

v3.23.2

NOTE 7 – Forgiveness of Debt	9 Months Ended
	Jul. 31, 2023
Note 7 Forgiveness Of Debt
NOTE 7 – Forgiveness of Debt	NOTE 7 – Forgiveness of Debt   Two noteholders released the Company from any obligation on their notes totaling $16,150.

v3.23.2

NOTE 8 – Contingencies and Commitments	9 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
NOTE 8 – Contingencies and Commitments	NOTE 8 – Contingencies and Commitments   The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur.   The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.   If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.     Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.   The management of the Company has conducted a diligent search and concluded that there were no commitments, contingencies, or legal matters pending at the balance sheet dates.    The effects of Covid -19 could impact our ability to operate under the going concern and maintain sufficient liquidity to continue operations. The impact of Covid-19 on companies is evolving rapidly and its future effects are uncertain. There are material uncertainties from Covid-19 that cast significant doubt on the company’s ability to operate under the going concern. It is highly likely that our company will have issues relating to the current situation that need to be considered by management. There will be a wide range of factors to take into account in going concern judgments and financial projections including travel bans, restrictions, government assistance and potential sources of replacement financing, financial health of suppliers and customers and their effect on expected profitability and other key financial performance ratios including information that shows whether there will be sufficient liquidity to continue to meet obligations when they are due.

v3.23.2

NOTE 9 – Related Party Transactions	9 Months Ended
	Jul. 31, 2023
Related Party Transactions [Abstract]
NOTE 9 – Related Party Transactions	NOTE 9 – Related Party Transactions   A loan amount of $12,500 was due to Custodian of the company on a note payable. The note payable is non-interest bearing, unsecured and is payable on demand. The Company issued 12,500,000 shares of its common stock for $4,375 of the note payable and recorded an $8,125 loss on the transaction.   The Company issued on October 11, 2022 10,000,000 shares to an officer and director of the company valued at $.001 per share for past services.   A note payable in the amount of $25,000 is due to an individual that came onto the Board of Directors October 11, 2022. This amount was reclassified from the regular notes payable to related parties. The note of $25,000 plus accrued interest expense of $6,515 was contributed to additional paid-in capital on February 1, 2023.

v3.23.2

NOTE 10 – Subsequent Events	9 Months Ended
	Jul. 31, 2023
Subsequent Events [Abstract]
NOTE 10 – Subsequent Events	NOTE 10 – Subsequent Events   In accordance with ASC 855-10, the Company has analyzed its operations subsequent to July 31, 2023 through the date these financial statements were issued and has determined that it has two material subsequent events to disclose in these financial statements.   The Company took in $25,000 in July of 2023 under a Stock Purchase Agreement for the purchase of 55,000 shares of the Company’s common stock. The common shares have yet to be issued.    The Company took in $25,000 in August of 2023 under a Stock Purchase Agreement for the purchase of 22,500 shares of the Company’s common stock. The common shares have yet to be issued.

v3.23.2

NOTE 1- Business, Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations   Pedro’s List, Inc., formerly known as Quest Management, Inc. (the “Company”) was incorporated in the State of Nevada on October 12, 2014. The Company originally intended to engage in the business of development of marketing channels to distribute fitness equipment to the wholesale market in the United States. The Company acquired Pedro’s List U.S. L.L.C. on May 23, 2022 through the exchange of 20,000 shares of its common stock and is entering into the business of offering an online service to consumers looking for credible and reputable home service and repair providers in Mexico. This acquisition was treated as a purchase with Pedro’s List, Inc. being the Acquirer.   The Company may continue to seek the acquisition of other business activities and the related capital needed to enter into an activity to bring operations that would be profitable and increase the value to the shareholders. The activities may be in the industries currently or previously pursued, but it is not known at this point in time, and the current operations will be financed by its parent company and/or debts incurred by the Company.
Basis of Presentation	Basis of Presentation   The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars. The Financial Statements and related disclosures as of October 31, 2022 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). All other periods presented in these financial statements are unaudited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Quest Management,” “we,” “us,” “our” or the “Company” are to Pedro’s List, Inc.
Cash and Cash Equivalents	Cash and Cash Equivalents   The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.
Revenue Recognition	Revenue Recognition   The Company applies ASC 606, Revenue from Contracts with Customers. Under ASC 606, the Company will recognize revenue from the sale of our exercise equipment by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue as each performance obligation is satisfied.
Advertising	Advertising   Advertising costs are expensed as incurred.  Advertising expenses for the nine months ended July 31, 2023 and 2022 were $0.
Intangibles with Finite Lives	Intangibles with Finite Lives   The Company applies the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10, Property, Plant and Equipment, where applicable to all long-lived assets. FASB ASC 360-10 addresses accounting and reporting for impairment and disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with FASB ASC 360-10. FASB ASC 360-10 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal.   The Company does not amortize any intangible assets with finite lives.   Goodwill and intangible assets are reviewed for potential impairment whenever events or circumstances indicate that their carrying amounts may not be recoverable. Management determined an impairment adjustment related to these intangibles was necessary at October 31, 2022. The Company impaired the goodwill allocated from the purchase of its Subsidiary in the amount of $647,739.
Fair Value of Financial Instruments	Fair Value of Financial Instruments   The Company adopted ASC 820, Fair Value Measurements and Disclosures, which provides a framework for measuring fair value under US GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:   Level 1 — Quoted prices for identical assets and liabilities in active markets; Level 2 — Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and Level 3 — Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
Use of Estimates	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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.
Emerging Growth Company Critical Accounting Policy Disclosure	Emerging Growth Company Critical Accounting Policy Disclosure   The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.   As an emerging grown company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company has chosen to “opt out” of such extended transition period, and as a result, the Company will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies.
Income Taxes	Income Taxes   The Company accounts for income taxes under ASC 740-10-30, Income Taxes. Deferred income tax assets and liabilities are determined based upon 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.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.   The Company adopted ASC 740-10-25, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under ASC 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.  ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25.
Loss Per Share	Loss Per Share   Net loss per common share is computed pursuant to ASC 260-10-45, Earnings Per Share.  Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period, unless their effect is anti-dilutive due to continuing losses.  There were no potentially dilutive shares outstanding as of April 30, 2023 and October 31, 2022, respectively
Principles of Consolidation	Principles of Consolidation   The consolidated financial statements include the accounts of Pedro’s List, Inc. and its wholly owned Subsidiary Pedro’s List U.S. L.L.C. All intercompany transactions are eliminated in consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements   We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations or financial position.

v3.23.2

NOTE 3 – Acquisition (Tables)	9 Months Ended
	Jul. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisition	Cash   $ 45,198   Intercompany debt offset     18,155   Note receivable     6,000     Total assets acquired     69,353             Accounts payable and accrued expenses     9,682   Notes payable     157,410     Total liabilities assumed     167,092   Net debt assumed     97,439   Common stock issued     550,000   Amount allocated to goodwill (impaired)   $ 647,439

v3.23.2

NOTE 4 – Notes Payable (Tables)	9 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Notes Payable	July 31, 2023   October 31, 2022 Notes payable, non-interest bearing, due upon demand, unsecured. (1)   $ 53,269     $ 53,269   Note payable, non-interest bearing, due upon demand, unsecured. (1)     32,410       32,410   Note payable, non-interest bearing, due on August 23, 2023, unsecured. (1)     49,995       —     Note payable, 10% per month interest, due with interest on September 1, 2023, secured by assets of the company     —         50,000   Note payable, non-interest bearing, due upon demand, unsecured.  (1)       108,986       45,000   Note payable, non-interest bearing, due upon demand, unsecured.     —         100,000   Note payable, non-interest bearing, due upon demand, unsecured.                   ---       6,150   Notes payable, non-interest bearing, due upon demand, unsecured                   ---       10,000                          Total due     244,660       296,829        Current Portion     244,660       296,829        Long-term portion   $ —       $ —

v3.23.2

NOTE 5 – Note Payable -Related Party (Tables)	9 Months Ended
	Jul. 31, 2023
Note 5 Note Payable -related Party
Note Payable - Related Party	July 31,  2023   October 31, 2022 Notes payable, non-interest bearing, due upon demand, unsecured   $ 8,125     $ 12,500    Note payable, 15% interest, due upon demand, unsecured.                  —         25,000                          Total due     8,125       37,500        Current Portion     8,125       37,500        Long-term portion   $ —       $ —

v3.23.2

NOTE 1- Business, Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	May 23, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Accounting Policies [Abstract]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	20,000
Impairment Loss			$ 647,739		$ 647,739	$ 647,739

v3.23.2

NOTE 2 – Financial Condition and Going Concern (Details Narrative) - USD ($)	Jul. 31, 2023	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 2,180,714	$ 1,718,287
Working Capital Deficit	$ 374,699

v3.23.2

Acquisition (Details)	1 Months Ended
	May 23, 2022 USD ($)
Business Combination and Asset Acquisition [Abstract]
Cash	$ 45,198
Intercompany debt offset	18,155
Note receivable	6,000
Total assets acquired	69,353
Accounts payable and accrued expenses	9,682
Notes payable	157,410
Total liabilities assumed	167,092
Net debt assumed	97,439
Common stock issued	550,000
Other Asset Impairment Charges	$ 647,439

v3.23.2

Notes Payable (Details) - USD ($)	Jul. 31, 2023	Oct. 31, 2022
Short-Term Debt [Line Items]
Total due	$ 244,660	$ 296,829
Current Portion	244,660	296,829
Long-term portion
Debt [Member]
Short-Term Debt [Line Items]
Total due	53,269	53,269
Debt 2 [Member]
Short-Term Debt [Line Items]
Total due	32,410	32,410
Debt 3 [Member]
Short-Term Debt [Line Items]
Total due	49,995
Debt 4 Member
Short-Term Debt [Line Items]
Total due		$ 50,000
Debt Instrument, Interest Rate, Stated Percentage		10.00%
Debt 5 [Member]
Short-Term Debt [Line Items]
Total due	108,986	$ 45,000
Debt 6 [Member]
Short-Term Debt [Line Items]
Total due		100,000
Debt 7 [Member]
Short-Term Debt [Line Items]
Total due		6,150
Debt 8 [Member]
Short-Term Debt [Line Items]
Total due		$ 10,000

v3.23.2

NOTE 4 – Notes Payable (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Debt Disclosure [Abstract]
Interest Expense		$ 1,070	$ 20,000	$ 1,070

v3.23.2

Note Payable - Related Party (Details) - USD ($)	Jul. 31, 2023	Oct. 31, 2022
Short-Term Debt [Line Items]
Note payable, 15% interest, due upon demand, unsecured.	$ 244,660	$ 296,829
Total due	8,125	37,500
Debt Related Party 1 [Member]
Short-Term Debt [Line Items]
Note payable, 15% interest, due upon demand, unsecured.	8,125	12,500
Debt Related Party 2 [Member]
Short-Term Debt [Line Items]
Note payable, 15% interest, due upon demand, unsecured.		$ 25,000
Debt Instrument, Interest Rate, Stated Percentage		15.00%

v3.23.2

NOTE 5 – Note Payable -Related Party (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Note 5 Note Payable -related Party
Interest Expense, Other			$ 1,153

v3.23.2

NOTE 6 – Capital Stock (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	4 Months Ended		9 Months Ended			11 Months Ended	12 Months Ended
	Nov. 30, 2022	Jul. 31, 2023	Mar. 01, 2023	Feb. 22, 2023	Jul. 31, 2023	Aug. 01, 2022	Jul. 31, 2022	Oct. 11, 2022	Oct. 31, 2022	Feb. 21, 2023	Feb. 02, 2023
Debt Conversion [Line Items]
Common Stock, Par or Stated Value Per Share		$ 0.00001		$ 0.00001	$ 0.00001			$ 0.001	$ 0.00001	$ 0.001
Capital Units, Authorized				875,000,000						750,000,000
Common Stock, Shares Authorized		750,000,000			750,000,000				750,000,000
Preferred Stock, Shares Authorized		125,000,000			125,000,000				125,000,000
Series A Preferred Stock Shares, authorized		10,000,000			10,000,000				10,000,000
Common Stock, Conversion Basis				25 shares of Common Stock for 1 share of Preferred Stock
Stock Issued During Period, Shares, Purchase of Assets									20,000
Stock Issued During Period, Shares, Issued for Services								50,000,000
Stockholders' Equity, Reverse Stock Split						one for five thousand basis
Debt Conversion, Converted Instrument, Shares Issued	12,500,000				12,500,000
Convertible Debt	$ 4,375	$ 4,375			$ 4,375
Debt Instrument, Decrease, Forgiveness	$ 8,125	$ 16,150			16,150
Debt Instrument, Face Amount								$ 25,000			$ 25,000
Long-Term Debt, Gross								$ 6,515			$ 6,515
Proceeds from Issuance of Common Stock					$ 35,000
Stock Issued During Period, Shares, New Issues					170,099
Note 1 Member
Debt Conversion [Line Items]
Debt Conversion, Converted Instrument, Shares Issued			50,000
Debt Conversion, Converted Instrument, Amount			$ 50,000
Debt Instrument, Increase, Accrued Interest			$ 25,000
Note 2 Member
Debt Conversion [Line Items]
Debt Conversion, Converted Instrument, Shares Issued			200,000
Debt Conversion, Converted Instrument, Amount			$ 100,000

v3.23.2

NOTE 7 – Forgiveness of Debt (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Nov. 30, 2022	Jul. 31, 2023	Jul. 31, 2023	Jul. 31, 2022
Note 7 Forgiveness Of Debt
Debt Instrument, Decrease, Forgiveness	$ 8,125	$ 16,150	$ 16,150

v3.23.2

NOTE 9 – Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Nov. 30, 2022	Jul. 31, 2023	Oct. 31, 2022	Feb. 02, 2023	Oct. 11, 2022
Related Party Transactions [Abstract]
Note Payable related party		$ 12,500
Debt Conversion, Converted Instrument, Shares Issued	12,500,000	12,500,000
Convertible Debt	$ 4,375	$ 4,375
Debt Instrument, Increase (Decrease), Other, Net	$ 8,125
Employee Benefit and Share-Based Payment Arrangement, Noncash			$ 10,000,000
Share Price			$ 0.001
Debt Instrument, Face Amount				$ 25,000	$ 25,000
Long-Term Debt, Gross				$ 6,515	$ 6,515

v3.23.2

NOTE 10 – Subsequent Events (Details Narrative) - USD ($)	Aug. 31, 2023	Jul. 31, 2023
Subsequent Events [Abstract]
Stock Purchase Agreement	$ 25,000	$ 25,000

---