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Note Payable
9 Months Ended
Aug. 31, 2025
Debt Disclosure [Abstract]  
Note Payable

Note 8 – Note Payable

 

During the nine months ended August 31, 2025, the Company entered into a financing agreement for payment of D&O insurance. The total note is $102,953 for 10 months. During the nine months ended August 31, 2025, the Company paid the downpayment of $15,058 and eight monthly payments of $8,790 each. The note has an interest rate of 10.24%. At August 31, 2025, the remaining balance on the loan is $17,579.

 

During the fiscal year ended November 30, 2024, the Company entered into a Promissory Note with the former President and CEO who resigned on August 23, 2024 in the amount of $302,960 for payment of accumulated unpaid consultant fees. The note, which bears interest at 8%, is due and payable by October 30, 2025. During the nine months ended August 31, 2025, the Company recorded $20,467 interest expense.