Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.22.1
Notes Payable (Tables)
3 Months Ended
Feb. 28, 2022
Debt Disclosure [Abstract]  
Schedule of Note Payable Obligation

As of February 28, 2022 and November 30, 2021, the note payable obligation was as follows:

 

 

 

February 28, 2022

 

 

November 30, 2021

 

Note payable

 

$

1,133,433

 

 

$

1,908,433

 

Unamortized debt issuance costs

 

 

(3,979

)

 

 

(10,368

)

Net note payable

 

$

1,129,454

 

 

$

1,898,065

 

Summary of Interest Expense on Note Payable

Interest expense on the note payable for the three months ended February 28, 2022 and 2021 was as follows:

 

 

 

February 28, 2022

 

 

February 28, 2021

 

Interest expense on notes payable

 

$

12,146

 

 

$

40,538

 

Debt issuance costs

 

 

6,389

 

 

 

19,682

 

Total interest expense

 

$

18,535

 

 

$

60,220