Note Payable

3 Months Ended

Feb. 28, 2025

Debt Disclosure [Abstract]

Note Payable

Note 8 – Note Payable

During the three months ended February 28, 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 three months ended February 28, 2025, the Company paid the downpayment of $15,058 and three monthly payments of $8,790 each. The note has an interest rate of 10.24%. At February 28, 2025, the remaining balance on the loan is $61,527.

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 for 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 three months ended February 28, 2025, the Company recorded $8,079 interest expense.