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Related Party Transactions
3 Months Ended
Feb. 29, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

Note 6 — Related Party Transactions

 

During the three months ended February 29 2024, the Company’s Executive Chairman loaned the Company $20,500 This loan is recorded as a related party loan on the balance sheet. At the periods ending February 29, 2024 and November 30 2023, the balance due to the Executive Chairman was $619,500 and $600,000, respectively. This loan has a 7% interest rate. During the three months ended February 29, 2024, the Company paid $17,351 in interest to the Executive Chairman. At February 29, 2024, accrued interest payable due related to the loans from the Executive Chairman totaled $6,969.