Cryo-Cell International, Inc. Annual report pursuant to Section 13 and 15(d)

Note Payable (Tables)

12 Months Ended

Nov. 30, 2021

As of November 30, 2021, and November 30, 2020, the note payable obligation was as follows:


	November 30, 2021			November 30, 2020
Note payable	$	1,908,433		$	6,008,433
Unamortized debt issuance costs		(10,368	)		(67,219	)
Net note payable	$	1,898,065		$	5,941,214
Current portion of note payable	$	1,898,065		$	3,100,000
Long-term note payable, net of debt issuance costs		—			2,841,214
Total	$	1,898,065		$	5,941,214

Interest expense on the note payable for the years ended November 30, 2021 and November 30, 2020 was as follows:


	November 30, 2021		November 30, 2020
Interest expense on notes payable	$	118,117	$	310,364
Debt issuance costs		56,851		85,062
Total interest expense	$	174,968	$	395,426