Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.22.2
Notes Payable (Tables)
6 Months Ended
May 31, 2022
Debt Disclosure [Abstract]  
Schedule of Note Payable Obligation

As of May 31, 2022 and November 30, 2021, the note payable obligation was as follows:

 

 

 

May 31, 2022

 

 

November 30, 2021

 

Note payable

 

$

358,433

 

 

$

1,908,433

 

Unamortized debt issuance costs

 

 

(591

)

 

 

(10,368

)

Net note payable

 

$

357,842

 

 

$

1,898,065

 

Summary of Interest Expense on Note Payable

Interest expense on the note payable for the three and six months ended May 31, 2022 and 2021 was as follows:

 

 

 

For the three months ended

 

 

For the six months ended

 

 

 

May 31, 2022

 

 

May 31, 2022

 

Interest expense on notes payable

 

$

5,969

 

 

$

18,115

 

Debt issuance costs

 

 

3,388

 

 

 

9,777

 

Total interest expense

 

$

9,357

 

 

$

27,892

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

For the six months ended

 

 

 

May 31, 2021

 

 

May 31, 2021

 

Interest expense on notes payable

 

$

32,894

 

 

$

73,432

 

Debt issuance costs

 

 

15,390

 

 

 

35,072

 

Total interest expense

 

$

48,284

 

 

$

108,504