5. LOANS RECEIVABLE 

During the year ended August 31, 2023, the Company launched its new small business lending solution called Business Warrior Funding. The new lending solution leverages the Company’s expertise and strategic partnerships to help entrepreneurs grow their business and offset the difficulty often associated with traditional bank lending. Loans to customers range from $5,000 to $125,000, with interest rates ranging from 16.99% to 23.0%. As of May 31, 2024, the Company had a loans receivable balance of $0. As of August 31, 2023, the Company had a loans receivable balance of $46,260, of which all are considered current. The Company has $128,329 and $137,146 recorded as an allowance for doubtful accounts as of May 31, 2024 and August 31, 2023, respectively.