Related Party Transactions

9 Months Ended

Aug. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Note 7 — Related Party Transactions

During the nine months ended August 31, 2024, the Company’s Executive Chairman loaned the Company $127,500. The Company repaid $516,000 during the same time period. This loan is recorded as a related party loan on the balance sheet. At the periods ending August 31, 2024 and November 30 2023, the balance due to the Executive Chairman was $211,500 and $600,000, respectively. This loan has a 7% interest rate. During the nine months ended August 31, 2024, the Company recorded $29,328 interest expense. At August 31, 2024, accrued interest payable due to the loan from the Executive Chairman totaled $18,758.